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Unlike Renault, it did not send in its best managers to turn the firm around.
as new CEO Tidjane Thaim tries to turn the firm around.
For over a year, he has been pressing GM's chairman, Rick Wagoner, to turn the firm around.
Foreign buyers would be interested mainly in access to the market, not in Proton's factories, models or headstrong managers, who insist that a little more investment is all that is needed to turn the firm around.
Tony Hsieh, its boss, said last year that he will turn the firm into a "holacracy", replacing its hierarchy with a more democratic system of overlapping, self-organising teams.
In a filing with the Securities & Exchange Commission on September 4th it emerged that CIT has given its boss, Jeffrey Peek, a sheepish pat on the back and a year's contract extension to turn the firm round.
Similar(50)
The infusion of young blood turned the firm towards new ideas and technology.
In early 2008, before the economy turned, the firm found a plant in Sacramento that it thought would be perfect.
Sir Terry Leahy turned the firm into Britain's largest retailer, with a market share of over 30%.
The bags, absorbing the copper and metallic colors of the clothes, were offered with new treatments of skin, like turning the firm alligator to a pliable softness.
As Chrysler owes its existence to Mr Marchionne, its managers have given him the benefit of the doubt as he has got stuck into turning the firm around.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com