LaSorda Starts Venture Capital Fund With Roger Penske. Kinda, Sorda

Those were the days, my friends: LaSorda, Wagoner, Mulally

Tom LaSorda, formerly CEO of Chrysler and before that a key man at GM, will lose a lot of money when Fisker goes down and/or bankrupt and/or is sold for pennies on the dollar. The man has a plan to recoup his losses: He started his own venture fund with racing and auto dealing magnate Roger Penske, as Reuters has it.

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  • Jor65756038 As owner of an Opel Ampera/Chevrolet Volt and a 1979 Chevy Malibu, I will certainly not buy trash like the Bolt or any SUV or crossover. If GM doesn´t offer a sedan, then I will buy german, sweedish, italian, asian, Tesla or whoever offers me a sedan. Not everybody like SUV´s or crossovers or is willing to buy one no matter what.
  • Bd2 While Hyundai has enough models that offer a hybrid variant, problem has been inadequate supply, so this should help address that.In particular, US production of PHEVs will make them eligible for the tax credit.
  • Zipper69 "At least Lincoln finally learned to do a better job of not appearing to have raided the Ford parts bin"But they differentiate by being bland and unadventurous and lacking a clear brand image.
  • Zipper69 "The worry is that vehicles could collect and share Americans' data with the Chinese government"Presumably, via your cellphone connection? Does the average Joe in the gig economy really have "data" that will change the balance of power?
  • Zipper69 Honda seem to have a comprehensive range of sedans that sell well.