Jerry York, who prodded GM for change, dies at 71
Skip to main content
Sister Publication Links
  • Automotive News Canada
  • Automotive News Europe
  • Automotive News China
  • Automobilwoche
AN-LOGO-BLUE
Subscribe
  • Subscribe
  • Account
  • login
  • HOME
  • NEWS
    • Dealers
    • Automakers & Suppliers
    • News by Brand
    • Cars & Concepts
    • Coronavirus Coverage
    • China
    • Shift
    • Mobility Report
    • Special Reports
    • Digital Edition Archive
    • This Week's Issue
    • Honda plant
      GM, Honda extend production cuts at some N.A. plants
      GM ventilators
      GM sees no reason to cut output in Brazil despite worsening pandemic
      Ford: No going back to the old way of work
      Manheim Statesville workers helped with the clinic.
      Drive right up to get your vaccination in auction lane
    • Tesla store in China
      Tesla models banned by China military over camera concerns
      Faraday hires executive of JLR’s JV as China chief
      Baidu to test paid robotaxi services
      BYD-rtrs web.jpg
      BYD hires engineers for Europe EV battery plant
    • The industry is racing to modernize the way in which EVs are built
      As EV output explodes in China, e-axle drive assembly automates
      Plus to roll big rigs on a ‘continuum' toward self-driving future
      Lidar moves beyond vehicles to underpin a reimagined logistics chain
    • Kodiak Robotics truck
      Self-driving truck startup Kodiak and China's Hesai partner up
      TuSimple
      Self-driving truck startup TuSimple files for U.S. stock offering
      Rivian's challenge: Maintain a personal touch long term
      Abandoned e-scooters are police business in Ann Arbor, Mich.
      Dumped scooter? Call 911
    • Elon Musk interview
      Tesla’s Model Y, on sale since March, is a showcase of EV technologies competitors will benchmark.
      Technologies of Electrification
      Cadillac’s Lyriq EV will be unveiled Aug. 6.
      Future Product Pipeline
      A CALL TO ACTION
    • Lack of microchips, seat foam and more halts production
      Ford: No going back to the old way of work
      GM weighs stocking its EVs at regional lots
      Scrutiny of Sonic could fade with Smith case
    • Access F&I
    • Fixed Ops Journal
    • Marketing
    • Used Cars
    • Retail Technology
    • Sales
    • Best Practices
    • Dealership Buy/Sell
    • NADA
    • NADA Show
    • Automakers
    • Manufacturing
    • Suppliers
    • Regulations & Safety
    • Executives
    • Talk From The Top
    • Leading Women Network
    • Guide to Economic Development
    • PACE Awards
    • Management Briefing Seminars
    • World Congress
    • Aston Martin
    • BMW
      • Mini
      • Rolls-Royce
    • Daimler
      • Mercedes Benz
      • Smart
    • Ford
      • Lincoln
    • General Motors
      • Buick
      • Cadillac
      • Chevrolet
      • GMC
    • Honda
      • Acura
    • Hyundai
      • Genesis
      • Kia
    • Mazda
    • McLaren
    • Mitsubishi
    • Nissan
      • Infiniti
    • Stellantis
      • Alfa Romeo
      • Citroen
      • Chrysler
      • Dodge
      • Ferrari
      • Fiat
      • Jeep
      • Lancia
      • Maserati
      • Opel
      • Peugeot
      • Ram
      • Vauxhall
    • Renault
    • Subaru
    • Suzuki
    • Tata
      • Jaguar
      • Land Rover
    • Tesla
    • Toyota
      • Lexus
    • Volkswagen
      • Audi
      • Bentley
      • Bugatti
      • Lamborghini
      • Porsche
      • Seat
      • Skoda
    • Volvo
    • (Discontinued Brands)
    • Virtual reveals (Sponsored)
      • MITSUBISHI: 2022 Outlander
      • NISSAN: 2022 Pathfinder and 2022 Frontier
      • GENESIS: 2021 GV80
      • KIA: 2021 K5
      • LEXUS: 2021 IS
      • NISSAN: 2021 Rogue
      • TOYOTA: 2021 Venza and 2021 Sienna
    • Auto Shows
    • Future Product Pipeline
    • Photo Galleries
    • Car Cutaways
    • Design
  • OPINION
    • Blogs
    • Cartoons
    • Keith Crain
    • Automotive Views with Jason Stein
    • Columnists
    • China Commentary
    • Editorials
    • Letters to the Editor
    • Send us a Letter
    • Fisker gets a rare second chance to build his own car company
      The new Stellantis pickup: Schrödinger's Dakota
      Gerry McGovern is right man to steer Jaguar reinvention
      Forget the Ford GT; Moray Callum's biggest hit is the aluminum F-150
    • Tesla's 'Technoking'
      Tesla's 'Technoking'
      Avoiding shortages
      How to Avoid Shortages
      Record Dealer Profit - Leo Michael
      Record Dealer Profits
      Jaguar is about to undergo its fourth reinvention in five decades as owner Tata Group takes a second crack at shaking up a brand whose glorious past has rarely translated into a profitable present or sustainable future.
      Jaguar Redo, Part IV
    • Shifting gears away from the stick shift
      SEMA still a wonderful circus
      Penske still has plenty of races to win
      Ford's turn in the hot seat
    • March 23, 2021 | Remote work will continue after the pandemic
      March 16, 2021 | Industry offers warning to Apple
      March 9, 2021 | An electric storm is moving in
      March 2, 2021 | Will EV bets pay off?
    • Michelle Hill
      For women in auto industry, there's strength in numbers
      Dave Versical
      A new era for 5th-gen Fords
      Ben Bartosch
      For dealers, CPO vehicles deliver value amid pandemic
      Travis Peterson
      One-size-fits-all DMS not always best
    • VW Group's playbook to dominate EV market
      Geely HQ
      Why Geely wants to be a contract manufacturer
      Shanghai hints at how Chinese cities will pursue electrification
      How Tesla, GM transformed EV market in 2020
    • Electric vehicle charger
      Electric vehicle hype opens door to short sellers
      Address vaccine doubts at work to lead U.S. back
      Sergio Marchionne Dennis Williams hug
      Prosecutors show an unsettling path to save Chrysler
      U.S. Dealership lot
      Lean lots won't last without new dealer discipline
    • Used-vehicle retailers have got it all wrong
      Dealers, be aware of possible tax relief
      Multifuel stations way forward for EVs
      New look at Nissan a positive sign
  • DATA CENTER
  • VIDEO
    • AutoNews Now
    • First Shift
    • Special Video Reports
    • Weekend Drive
    • AutoNews Now: Tesla's surging U.S. registrations
      AutoNews Now: Senators urge Biden to 'follow' California on zero-emission vehicles
      Tom Worobec
      AutoNews Now: Teslas banned from China's military property
      AutoNews Now: GM shuffling some salaried workers to boost collaboration
    • First Shift: Honda extends N.A. production stoppages
      First Shift: NHTSA urged to probe GM steering sensor
      First Shift: Stellantis to build, hold Ram pickups due to chip shortage
      First Shift: Ford to build, hold F-150s without modules due to chip shortage
    • One man’s journey from homelessness to thriving dealer
      Bert Ogden Auto Group
      How a Texas group is cutting costs, saving millions
      COVID, chips and checks: Sales headwinds and tailwinds for 2021
      N.J. dealer helps position peers for ‘electric revolution’
    • Why the pickup is the auto industry's 'battleground'
      Carlos Ghosn's quest to restore his reputation
      Why Ford must execute to avoid 'deep trouble'
      Why Honda is 'locked and loaded' for 2020
  • EVENTS & AWARDS
    • Events
    • Awards
    • Congress Conversations
    • Retail Forum: NADA
    • Canada Congress
    • Europe Congress Conversations
    • Leading Women Conference
    • Fixed Ops Journal Forum
    • ANE Shift
    • Shift: Mobility at a Crossroads
    • Shift: The Future of Mobility (CES)
    • 100 Leading Women
    • 40 Under 40 Retail
    • All-Stars
    • Best Dealerships To Work For
      • Register for the 2021 Best Dealership To Work For
    • PACE Program
    • Rising Stars
    • Europe Rising Stars
  • JOBS
  • AN Solutions
  • +MORE
    • Leading Women Network
    • Podcasts
    • Webinars
    • In the Driver's Seat
    • Publishing Partners
    • Classifieds
    • Companies on the Move
    • People on the Move
    • Newsletters
    • Contact Us
    • Media Kit
    • RSS Feeds
    • Shift: A Podcast About Mobility
    • Special Reports Podcasts
    • Daily Drive Podcasts
    • AAM
    • Cars.com
    • DealerPolicy
    • Gentex
    • IHS Markit
    • Remember Group
    • Reputation.com
    • Ricardo: Dave Shemmans
    • Ricardo: Marques McCammon
    • Allstate: Want more from your F&I?
    • Ally: Navigating the future of automotive retailing
    • Amazon Web Services: Any place, any time, any channel
    • Amazon Web Services: The power of the cloud
    • Amazon Web Services: Universal translator: Harnessing sensor data to build better automotive software
    • DealerSocket: 5 steps to modernizing the buyer's journey
    • Epic Games: Transforming the auto industry with digital assets
    • Epic Games: Unreal build: Automotive 2021 gets a digital twist
    • FTI Consulting: Crisis as a catalyst for change
    • Google: 5 trends shaping the auto industry's approach to a new normal
    • Google: Google's dealer guidebook helps dealers navigate today's digital landscape
    • IHS Markit: Automotive loyalty in the wake of the COVID-19 recession
    • IHS Markit: Autonomous vehicles: Automotive and transportation disruption
    • IHS Markit: COVID-19: The future mobility delusion
    • Level5: 2020 Automotive E-Commerce Report
    • Motormindz: Toward hyperconnectivity: 5 ways to position your business to profit from connected car
    • Naked Lime: Bring social reputation together as part of big-picture marketing
    • Wells Fargo Auto: Switching gears from LIBOR to SOFR
    • Ally: Do It Right
    • DealerSocket
    • Deloitte: Cyber everywhere: Preparing for automotive safety in the face of cyber threats
    • Facebook: The road to a zero-friction future
    • Guide To Economic Development
    • PayPal Credit: How consumer financing helps drive sales for online auto parts retailers
MENU
Breadcrumb
  1. Home
  2. Executives
March 18, 2010 01:00 AM

Jerry York, who prodded GM for change, dies at 71

Staff
Wire Reports
  • Tweet
  • Share
  • Share
  • Email
  • More
    Print
    Reuters
    Jerry York: 1938-2010

    DETROIT -- Jerry York, the former Chrysler finance chief who later joined investor Kirk Kerkorian in pressuring General Motors for change, died today at age 71 after reportedly suffering a brain aneurysm.

    His death was announced in a statement by Apple Inc., where he was a board member since 1997.

    “Jerry York has been one of the most influential voices in the auto industry over the last 30 years,” said Mike Jackson, CEO of AutoNation Inc., the nation's largest auto retailer. “Today many of the changes he called for are taking place and his vision is becoming reality.”

    York advised Kerkorian in his failed bid for Chrysler Corp. in 2007 and the billionaire's investment in both GM and Ford Motor Co. While a GM director for eight months in 2006, York was a persistent critic of GM and CEO Rick Wagoner.

    He was named to the board in February of that year as a representative of Kerkorian, who had built a 9.9 percent stake in the automaker as losses mounted.

    Initially, York called for GM to cut its dividend 50 percent, lower the salaries of top executives and reduce its stable of brands.

    York resigned from the board in October 2006 after GM rejected Kerkorian's proposed alliance with Carlos Ghosn's Renault-Nissan after three months of study.

    "To get to the crux of the matter, I have not found an environment in the boardroom that is very receptive to probing much beyond the materials provided by management," York said in his resignation letter.

    He also said the threat of bankruptcy, while temporarily diminished, still existed because of “longer-term fundamentals” including cash flow and shrinking North American market share.

    Two years later, Wagoner would seek emergency federal loans while warning that the automaker was running out of cash. GM eventually filed for court protection as part of the U.S.-steered rescue that swept Wagoner from his job and left the surviving company with four vehicle brands in the United States instead of eight.

    'A pillar'

    Apple CEO Steve Jobs said that when York became a director, “most doubted the company's future.”

    “He has been a pillar of financial and business expertise and insight," Jobs said in a statement. “It's been a privilege to know and work with Jerry, and I'm going to miss him a lot."

    For his part, York relished Apple's intense product focus and embrace of change. In a recent conversation, he said Apple board meetings often centered on presentations of new products such as the iPad or, a few years ago, the iPhone. He criticized the bureaucratic barriers to such innovation in U.S. automakers, especially GM.

    York worked at Ford before joining Chrysler, where he spent 14 years and departed in 1993.

    In November, York said Chrysler had less than a 50 percent chance of long-term survival after its bankruptcy and rescue by Italy's Fiat S.p.A.

    The first big question surrounding Chrysler, York said, was timing. "Will some combination of industry sales and product -- including product from Fiat -- get there in time before they run out of cash?"

    The second question, York said, was perception: "As we all know, Fiat, for historic reasons, does not have a great reputation in this country."

    York was a former CFO of IBM Corp. He was also CEO of Harwinton Capital and a board member of auto parts supplier Dana Holding Corp.

    York joined the Dana board in 2008. He was lead director and chairman of the Audit Committee.

    "Jerry was an enormous contributor to our Board, based on his vast experience," Executive Chairman John Devine sai in a statement. "There wasn't anything that he hadn't seen before several times. Our deepest condolences go out to Jerry's wife, Eilene, and their children. His friendship and counsel will be sorely missed."

    Reuters and Dave Guilford contributed to this report

    PRESS RELEASE: Apple Director Jerome B. York Passes Away

    CUPERTINO, Calif., March 18 /PRNewswire-FirstCall/ -- Apple® is sad to announce the death of Apple Board member Jerome B. (Jerry) York. York, the chairman, president and CEO of Harwinton Capital, joined Apple's Board of Directors in 1997. He was the former CFO of IBM and Chrysler, and former vice chairman of Tracinda. He is widely acknowledged for his contributions at Chrysler and IBM during their turnarounds.

    "Jerry joined Apple's Board in 1997 when most doubted the company's future. He has been a pillar of financial and business expertise and insight on our Board for over a dozen years," said Steve Jobs, Apple's CEO. "It's been a privilege to know and work with Jerry, and I'm going to miss him a lot."

    Jerry York was born in Memphis, Tennessee in 1938. He graduated from the United States Military Academy, and received an MS from the Massachusetts Institute of Technology and an MBA from the University of Michigan. Trained as an engineer, York worked his way up through Chrysler to become CFO.

    &Copy; 2010 Apple Inc. All rights reserved. Apple, the Apple logo, Mac, Mac OS and Macintosh are trademarks of Apple. Other company and product names may be trademarks of their respective owners.

    RECOMMENDED FOR YOU
    Tesla is still seeking plant manager at German factory ahead of summer opening
    Related Articles
    BLOG: York was passionate and energized, and then he was gone
    Letter
    to the
    Editor

     

     

    Send us a letter

    Have an opinion about this story? Click here to submit a Letter to the Editor, and we may publish it in print.

    Recommended for You
    Tesla is still seeking plant manager at German factory ahead of summer opening
    Tesla is still seeking plant manager at German factory ahead of summer opening
    Tokyo prosecutors charge two Americans with helping Ghosn escape
    Tokyo prosecutors charge two Americans with helping Ghosn escape
    Why just be CEO when you can be ‘Technoking,' too?
    Sponsored Content: Auto Insurance Trends for 2021: What Dealers Need to Know
    Sign up for free newsletters
    EMAIL ADDRESS

    Please enter a valid email address.

    Please enter your email address.

    Please verify captcha.

    Please select at least one newsletter to subscribe.

    See more newsletter options at autonews.com/newsletters.

    You can unsubscribe at any time through links in these emails. For more information, see our Privacy Policy.

    Digital Edition
    Automotive News 3-22-21
    THIS WEEK'S EDITION
    See our archive
    Fixed Ops Journal
    Fixed Ops Journal 2-8-21
    Read the issue
    See our archive
    U.S. SALES REPORT: Sign up for our quarterly newsletter and get U.S. sales data and news from the previous month sent to your inbox as soon as it's compiled.
    DAILY DRIVE NEWSLETTER: Sign up for our daily podcast newsletter for a lively and in-depth discussion of the biggest stories, plus interviews with big industry names.
    Get Free Newsletters

    Sign up and get the best of Automotive News delivered straight to your email inbox, free of charge. Choose your news – we will deliver.

    Subscribe Today

    Get 24/7 access to in-depth, authoritative coverage of the auto industry from a global team of reporters and editors covering the news that’s vital to your business.

    Subscribe Now
    Connect With Us
    • Facebook
    • Instagram
    • LinkedIn
    • Twitter

    Our mission

    The Automotive News mission is to be the primary source of industry news, data and understanding for the industry's decision-makers interested in North America.

    AN-LOGO-BLUE
    Contact Us

    1155 Gratiot Avenue
    Detroit, Michigan
    48207-2997

    (877) 812-1584

    Email us

    Automotive News
    ISSN 0005-1551 (print)
    ISSN 1557-7686 (online)

    Fixed Ops Journal
    ISSN 2576-1064 (print)
    ISSN 2576-1072 (online)

    Resources
    • About us
    • Contact Us
    • Media Kit
    • Subscribe
    • Manage your account
    • Reprints
    • Ad Choices Ad Choices
    • Sitemap
    Legal
    • Terms and Conditions
    • Privacy Policy
    • Privacy Request
    Automotive News
    Copyright © 1996-2021. Crain Communications, Inc. All Rights Reserved.
    • HOME
    • NEWS
      • Dealers
        • Access F&I
        • Fixed Ops Journal
        • Marketing
        • Used Cars
        • Retail Technology
        • Sales
        • Best Practices
        • Dealership Buy/Sell
        • NADA
        • NADA Show
      • Automakers & Suppliers
        • Automakers
        • Manufacturing
        • Suppliers
        • Regulations & Safety
        • Executives
        • Talk From The Top
        • Leading Women Network
        • Guide to Economic Development
        • PACE Awards
        • Management Briefing Seminars
        • World Congress
      • News by Brand
        • Aston Martin
        • BMW
          • Mini
          • Rolls-Royce
        • Daimler
          • Mercedes Benz
          • Smart
        • Ford
          • Lincoln
        • General Motors
          • Buick
          • Cadillac
          • Chevrolet
          • GMC
        • Honda
          • Acura
        • Hyundai
          • Genesis
          • Kia
        • Mazda
        • McLaren
        • Mitsubishi
        • Nissan
          • Infiniti
        • Stellantis
          • Alfa Romeo
          • Citroen
          • Chrysler
          • Dodge
          • Ferrari
          • Fiat
          • Jeep
          • Lancia
          • Maserati
          • Opel
          • Peugeot
          • Ram
          • Vauxhall
        • Renault
        • Subaru
        • Suzuki
        • Tata
          • Jaguar
          • Land Rover
        • Tesla
        • Toyota
          • Lexus
        • Volkswagen
          • Audi
          • Bentley
          • Bugatti
          • Lamborghini
          • Porsche
          • Seat
          • Skoda
        • Volvo
        • (Discontinued Brands)
      • Cars & Concepts
        • Virtual reveals (Sponsored)
          • MITSUBISHI: 2022 Outlander
          • NISSAN: 2022 Pathfinder and 2022 Frontier
          • GENESIS: 2021 GV80
          • KIA: 2021 K5
          • LEXUS: 2021 IS
          • NISSAN: 2021 Rogue
          • TOYOTA: 2021 Venza and 2021 Sienna
        • Auto Shows
        • Future Product Pipeline
        • Photo Galleries
        • Car Cutaways
        • Design
      • Coronavirus Coverage
      • China
      • Shift
      • Mobility Report
      • Special Reports
      • Digital Edition Archive
      • This Week's Issue
    • OPINION
      • Blogs
      • Cartoons
      • Keith Crain
      • Automotive Views with Jason Stein
      • Columnists
      • China Commentary
      • Editorials
      • Letters to the Editor
      • Send us a Letter
    • DATA CENTER
    • VIDEO
      • AutoNews Now
      • First Shift
      • Special Video Reports
      • Weekend Drive
    • EVENTS & AWARDS
      • Events
        • Congress Conversations
        • Retail Forum: NADA
        • Canada Congress
        • Europe Congress Conversations
        • Leading Women Conference
        • Fixed Ops Journal Forum
        • ANE Shift
        • Shift: Mobility at a Crossroads
        • Shift: The Future of Mobility (CES)
      • Awards
        • 100 Leading Women
        • 40 Under 40 Retail
        • All-Stars
        • Best Dealerships To Work For
          • Register for the 2021 Best Dealership To Work For
        • PACE Program
        • Rising Stars
        • Europe Rising Stars
    • JOBS
    • AN Solutions
    • +MORE
      • Leading Women Network
      • Podcasts
        • Shift: A Podcast About Mobility
        • Special Reports Podcasts
        • Daily Drive Podcasts
      • Webinars
      • In the Driver's Seat
        • AAM
        • Cars.com
        • DealerPolicy
        • Gentex
        • IHS Markit
        • Remember Group
        • Reputation.com
        • Ricardo: Dave Shemmans
        • Ricardo: Marques McCammon
      • Publishing Partners
        • Allstate: Want more from your F&I?
        • Ally: Navigating the future of automotive retailing
        • Amazon Web Services: Any place, any time, any channel
        • Amazon Web Services: The power of the cloud
        • Amazon Web Services: Universal translator: Harnessing sensor data to build better automotive software
        • DealerSocket: 5 steps to modernizing the buyer's journey
        • Epic Games: Transforming the auto industry with digital assets
        • Epic Games: Unreal build: Automotive 2021 gets a digital twist
        • FTI Consulting: Crisis as a catalyst for change
        • Google: 5 trends shaping the auto industry's approach to a new normal
        • Google: Google's dealer guidebook helps dealers navigate today's digital landscape
        • IHS Markit: Automotive loyalty in the wake of the COVID-19 recession
        • IHS Markit: Autonomous vehicles: Automotive and transportation disruption
        • IHS Markit: COVID-19: The future mobility delusion
        • Level5: 2020 Automotive E-Commerce Report
        • Motormindz: Toward hyperconnectivity: 5 ways to position your business to profit from connected car
        • Naked Lime: Bring social reputation together as part of big-picture marketing
        • Wells Fargo Auto: Switching gears from LIBOR to SOFR
        • Ally: Do It Right
        • DealerSocket
        • Deloitte: Cyber everywhere: Preparing for automotive safety in the face of cyber threats
        • Facebook: The road to a zero-friction future
        • Guide To Economic Development
        • PayPal Credit: How consumer financing helps drive sales for online auto parts retailers
      • Classifieds
      • Companies on the Move
      • People on the Move
      • Newsletters
      • Contact Us
      • Media Kit
      • RSS Feeds