Chrysler Hires Top Executive From Toyota

The Washington Post | September 7, 2007| | Copyright

James E. Press, the American car executive who helped build Toyota Motor into an automotive powerhouse that brought only pain to Detroit, yesterday was named a president and vice chairman at Chrysler.

The hiring of Press, 60, was widely described as a coup for Cerberus Capital Management, the private-equity firm that bought a controlling interest in Chrysler this year and has stacked the automaker's corporate suite with high-profile executives.

In August, Cerberus named Robert L. Nardelli, the hard-driving former Home Depot boss, to be Chrysler's chairman and chief executive. The company also ...

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