At this point this is not something we're concerned about it
At this point, this is not something we're concerned about it," the senior U.S. Fiat Chief Executive Sergio Marchionne is the CEO of thenew Chrysler. Robert Kidder, acting chairman of the board,said in a statement. The new members of the board are: Douglas Steenland, formerchief executive of Northwest Airlines; Ronald Thompson,chairman of the board of trustees for Teachers Insurance andAnnuity Association; George Gosbee, chairman and president ofTristone Capital Inc; Scott Stuart, a founding partner ofSageview Capital LLC; and Stephen Wolf, chairman of R.R.Donnelley & Sons Co RRD.N The new board will hold its first meeting on July 29. In addition to Fiat, Chrysler Group LLC is owned by aunion-aligned trust and the U.S.
and Canadian governments intaking over the best parts of Chrysler. The automaker's nine-member board has three directorsappointed by Fiat, four by the U.S. government, one by theCanadian government and one by the UAW trust. "The formal creation of our Board of Directors is anotherimportant step toward building a viable Chrysler Group for thelong term," C.
(Additional reporting by Marie Maitre and Matthieu Protard inAix and Guy Faulconbridge in Moscow; Writing by MarkTrevelyan; Editing by Jan Paschal ) Currencies China Russia France Italy Japan. * Chrysler appoints new directors * Action is key to building a viable Chrysler: chairman NEW YORK, July 5 (Reuters) - Chrysler Group LLC, whichemerged from bankruptcy last month by selling most of itsassets to a company led by Italy's Fiat Spa (FIA.MI), completedits board of directors with the appointment of five new memberson Sunday. The Fiat tie-up was a key step in the Italian carmaker'sambitious plan to create a global player to ride out theworldwide auto sales downturn. "I think if you look at the global imbalances that werebeing talked about today between the surpluses (of) China andJapan and the deficits of the United States, I think thatneeds to be corrected. That I think is clear, Tendulkar said at the conference in Aix-en-Provence, France Asked whether the U.S. dollar should be weaker, he said:"I think it is necessary ...
it should go down." Asian Development Bank President Haruhiko Kuroda, however,said on Sunday it was important that global imbalances beunwound gradually. has been ...saying that a strong dollar is inthe interests of the United States of America," Trichet said. "I consider that extremely important and I welcome thisdeclaration," he added. France's Economy Minister Christine Lagarde told reportersat a conference: "We should explore a better coordination offoreign-exchange policies, which would raise the question overthe medium term of the balance of exchange rates and the roleof currencies that have changed both as a result of the crisisand the role played by emerging market countries." On Friday, Suresh Tendulkar, chairman of the Indian primeminister's economic advisory council, said the dollar's weight in the basket of currencies that helps set the rate ofIndia's partially convertible rupee currency INR=IN may bereduced Up until now, the U.S. dollar had been considered the mainreserve currency in India However, "India may change," hesaid. So we considerthat we need to think about the creation of regional reservecurrencies." STRONG DOLLAR MANTRA European Central Bank Jean-Claude Trichet said it wasimportant that the United States stayed committed to a strongcurrency "On this issue, I am very, very clear I have just onemessage ... It is extremely important that the United Statesof America ...