Chrysler to cut 13,000 jobs
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Automaker Chrysler Group announced plans Wednesday to cut 13,000 jobs through 2009 as it attempts to stem rising losses.
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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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DaimlerChrysler  unveils its latest restructuring plan for ailing U.S. arm Chrysler on Wednesday, almost six years to the day after its first try at shoring up profits from across the Atlantic.
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General Motors Europe announced Thursday that it plans to cut 12,000 jobs on the continent by the end of 2006 in a plan aimed at saving &#36;617 million per year.
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Ford Motor Co. F.N, the No. 2 U.S.   automaker, said on Friday it would cut annual costs by about $5   billion by the end of 2008 and reduce salaried staff by   one-third, or 14,000 jobs, as part of an accelerated   restructuring.
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Ford Motor Co  is set to announce  up to 13,000 new job cuts after agreeing with the United Auto  Workers union on terms of the redundancies, The Wall Street  Journal reported on Thursday.
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Mounting losses at U.S. arm Chrysler   forced DaimlerChrysler DCXGn.DE to cut its 2006 operating   profit forecast by around 1 billion euros ($1.27 billion) on   Friday, sending its shares skidding lower.
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German-US auto giant DaimlerChrysler has slashed its full-year earnings forecasts on the back of anticipated losses at Chrysler -- its struggling US arm.
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Automaker BMW AG said Friday that it plans to cut thousands of jobs in 2008.
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Automaker, unions agree to eliminate up to 12,000 workers to curb losses and save $665 million a year. By Ed Garsten / The Detroit News.
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DaimlerChrysler AG, the world's largest truck maker, is preparing to lay off 4,000 workers in North America because it expects sales to slump next year.
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Chrysler is cutting deliveries to its US dealerships after poor summer sales means there is a glut of vehicles.
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Ford Motor Co  is set to announce up to 13,000 new job cuts after agreeing with the United Auto Workers union on terms of the redundancies, The Wall Street Journal reported on Thursday.
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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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Automaker BMW AG said Friday that it plans to cut thousands of jobs next year to reduce costs. via North County Times
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Chrysler is moving to become less reliant on trucks for profits and more competitive internationally with a portfolio of smaller cars, its top executive said yesterday.
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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.