Chrysler to cut 13,000 jobs, keep options open
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AUBURN HILLS, Michigan  - Chrysler announced on Wednesday it would cut 13,000 jobs, and parent DaimlerChrysler AG said it would look at all options for the struggling U.S. automaker.
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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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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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STUTTGART, Germany  - DaimlerChrysler's DCXGn.DE   U.S. arm Chrysler will cut its production by around 90,000   units in the third quarter and around 135,000 in the second   half to try to reduce a glut of inventory, the company said on   Tuesday.
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The United Auto Workers union wants to see German automaker Daimler hold on to its struggling Chrysler unit, the president of the union said on Tuesday, adding that he was "not ready to concede" a spin-off was inevitable.
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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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German-US auto giant DaimlerChrysler will decide this year what to do with its loss-making Chrysler subsidiary.
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Chrysler Group plans to cut 1,000  salaried jobs by the end of June, the first action under a  previously announced turnaround plan that targets a total of  13,000 job cuts, the automaker said on Friday.
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A detailed sales prospectus for Chrysler Group will be ready for potential buyers of the automaker soon, a source close to the process told Reuters on Friday.
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Bank of America has an option to cut at least 4,500 jobs while reorganizing its structure. This is not the first time when the bank reduces jobs.
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A restructuring plan is designed to reduce the cost of producing each vehicle and more closely align Chrysler with its parent company.
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Chrysler Group, the  struggling U.S. arm of DaimlerChrysler AG (DCXGn.DE), 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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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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Ford Motor posted weaker U.S. vehicle sales for August today and cut its fourth-quarter production. Chrysler posted a fifth straight month of stronger results.
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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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German-US auto giant DaimlerChrysler is considering cutting up to 4,000 jobs at its US heavy trucks unit Freightliner.
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A major Chrysler Group retailer expects the struggling No. 4 U.S. automaker to maintain its share of the pickup truck market this year by offering generous discounts in the face of tough competition.