DaimlerChrysler warns of N. American layoffs
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DaimlerChrysler AG (DCXGn.DE)   could lay off up to 16 percent of the workers in its North  American truck operations next year due to an expected downturn  in demand, the head of the automaker's truck operations said on  Monday.
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DETROIT/FRANKFURT  - DaimlerChrysler raised the prospect on Wednesday of parting ways with its loss-making U.S. Chrysler arm, a move that could unwind a blockbuster 1998 merger creating the world's fifth-biggest car maker.
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The rumors will not die that the Germans of DaimlerChrysler will unload off their troubled American unit.
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The leader of the Canadian Auto Workers warned against private-equity control of Chrysler, calling it the "worst-case scenario" for the automaker and a prelude to plant closures and worker layoffs.
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German-US auto giant DaimlerChrysler said it would axe 13,000 jobs at US unit Chrysler as part of a restructuring aimed at restoring its profitability by 2008.
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DaimlerChrysler's plan to cut 13,000 jobs was greeted with shrugs of resignation by autoworkers who found the news far too familiar.
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Bank of America Corp  said it  will lay off about 2,500 workers in Illinois and 1,500 in  Michigan over the next two years in connection with its $21  billion purchase of LaSalle Bank Corp from Dutch bank ABN AMRO  Holding NV .
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DaimlerChrysler AG's Chrysler Group plans to cut more than 10,000 factory jobs and close at least two plants to return the U.S-based unit to profitability, the Detroit News said on Monday.
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Swedish truck maker Volvo AB may stop expanding in Sweden and instead steer new investments in production capacity to the United States, the company's chief executive said Monday.
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DaimlerChrysler AG said Tuesday that it plans to transfer jobs from its automaking plant in Bremen, but said it was not a signal of layoffs to come.
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Navistar International Corp. ,  the U.S. diesel engine maker, said on Monday it would lay off  nearly 400 workers after Ford Motor Co. , one of its key  customers, announced it was cutting fourth-quarter production  by 20 percent.
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DALLAS -- American Airlines&#39; chief executive is warning of more job cuts to reduce costs as the carrier struggles to compete with lower-overhead airlines.
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DaimlerChrysler's  chief executive is examining the possible spinoff of the firm's ailing U.S. unit Chrysler, Handelsblatt and Frankfurter Allgemeine Zeitung said on Wednesday, citing sources close to the matter.
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Tough new fuel-economy standards now pending in Congress could lead to the dismantling of what remains of the US domestic car industry, the president of the United Auto Workers union warned Thursday.
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NORMAL, Ill. Mitsubishi Motors says it will eliminate the second shift at its only US plant on September 17th and about 12-hundred workers will be laid off by the end of the month.
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DaimlerChrysler DCXGn.DE cut its   2006 operating profit forecast by around 1 billion euros ($1.27   billion) on Friday and predicted U.S. arm Chrysler could lose   1.2 billion euros in the third quarter, much worse than first   thought.
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German-US auto giant DaimlerChrysler said it planned to axe 13,000 jobs at its loss-making Chrysler subsidiary as part of a broad restructuring plan aimed at returning the US unit to profitability by 2008.