Chrysler proposes shedding non-core assets: report
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Chrysler LLC has proposed shedding non-core assets in contract talks with the United Auto Workers, the Wall Street Journal reported in its online edition.
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The Chrysler Group will offer hourly workers in the United States up to $100,000 to leave the company as part of a recovery plan announced this month.
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DaimlerChrysler  is looking towards a rosy future after the sale of its U.S. arm Chrysler, the car maker's chief executive told a German newspaper.
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DaimlerChrysler  dropped its long-standing commitment to Chrysler on Wednesday and said it was prepared to review all its options, including finding new partners for its loss-making U.S. arm.
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Car giant Chrysler has opened its books to a buyout specialist for an in-depth look at its finances, reports say.
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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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DaimlerChrysler AG (DCXGn.DE) 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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Chrysler LLC is offering buyouts of up to $100,000 to an unidentified number of hourly workers at 12 of its Detroit-area facilities, a spokeswoman said on Monday.
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DaimlerChrysler (DCXGn.DE)   shareholder DWS has called on the carmaker's management to  consider a spin-off of the firm's ailing U.S. Chrysler unit as  an option as it gets ready to unveil its latest restructuring  plan for Chrysler, a German newspaper reported.
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Chrysler LLC has a "realistic" business plan in place and "hopes to avoid" future buyouts or other downsizing due to U.S. economic woes, the company's president said on Tuesday.
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U.S. automaker Chrysler LLC aims to cut its product lineup sharply and shrink its dealership network to sell its three brands under one roof as part of its corporate restructuring, the company said on Friday.
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DaimlerChrysler's loss-making Chrysler division will close two manufacturing plants in the third quarter of 2008 in an effort to boost capacity utilization and stem costs, a German magazine reported.
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AUBURN HILLS, Michigan  - Chrysler Group, the struggling U.S. arm of DaimlerChrysler AG, on Wednesday said it would cut 13,000 jobs or 16 percent of its work force in a bid to return to profitability by 2008.
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Pressured by foreign competitors and plagued by an oversupply of gas-guzzling trucks, Chrysler Group unveiled plans yesterday to cut 13,000 jobs and opened the door to speculation the company could be sold.
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AUBURN HILLS, Mich. -- Analysts say 10,000 hourly workers probably will lose their jobs as part of DaimlerChrysler's effort to cut costs at its Chrysler Group by more than $2 billion, or $1,000 for every car sold in the United States.
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Chrysler is the first carmaker to announce a change in production plans related to efforts in Congress to require vehicles sold in the United States to consume less gasoline.
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The chief executive of DaimlerChrysler , Dieter Zetsche, said it would be difficult to break up Chrysler, as analysts and other experts have speculated recently, due to an integrated production system that binds together its various brands, The New York Times said.