Daimler chops Chrysler staff, keeps options open
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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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SOUTHFIELD, Mich. -- DaimlerChrysler AG is discussing the sale of its money-losing Chrysler unit to General Motors Corp. as one of the options under consideration by the two automakers, people with knowledge of the talks said.
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DaimlerChrysler AG  will not auction off loss-making U.S. division Chrysler and could decide to keep the business at the end of a strategic review, Chief Executive Dieter Zetsche told a German paper.
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DETROIT -- DaimlerChrysler AG's Chrysler Group will cut deliveries to dealers by 90,000 vehicles, or nearly 24 percent, in the third quarter, as falling sales of trucks and SUVs have left it with bloated inventories, DaimlerChrysler Chairman Dieter Zetsche said Tuesday.
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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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Chrysler LLC said on Monday it is offering buyouts of up to $100,000 each to hourly workers at 12 of its Detroit-area facilities as part of its November plan to eliminate up to 10,000 unionized jobs.
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General Motors is reportedly in talks to buy all of its struggling rival Chrysler Group from German-US auto giant DaimlerChrysler AG.
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DETROIT -- Chrysler LLC plans temporarily to close four assembly plants and to shut down one shift at another due to the bankruptcy filing of one of its plastic parts suppliers, the automaker said Monday.
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Back then, it was Lee Iacocca and the federal government bailing out Chrysler. Today the German owners must figure out how to fix the company.
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Chrysler Group Chief Executive Tom LaSorda has told employees of the struggling automaker that it might take months before questions about a possible sale of the unit of DaimlerChrysler AG  could be answered.
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DaimlerChrysler's announcement that its troubled U.S. division could be put up for sale made the past week a busy one for private-equity firms.
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DaimlerChrysler  raised the prospect of parting company with its loss-making U.S. Chrysler arm on Wednesday, a move which could unwind a blockbusting 1998 merger creating the world's No. 5 car maker.
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DaimlerChrysler AG  is advancing plans to sell or spin off Chrysler Group, its struggling U.S. unit, and has already received "several expressions of interest from around the world," the Wall Street Journal reported on its Web site on Sunday.
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Chrysler offered buyouts of as much as $100,000 to most of its hourly workers in the Detroit area as part of its plan to cut as many as 10,000 more jobs.
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DaimlerChrysler (DCXGn.DE) will  consider a wide range of strategic options for its loss-making  U.S. arm Chrysler Group, the world's fifth-biggest carmaker  said in a statement on Wednesday.
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DaimlerChrysler  will consider a wide range of strategic options for its loss-making U.S. arm Chrysler Group, the world's fifth-biggest carmaker said in a statement on Wednesday.
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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.