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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NEW YORK/DETROIT  - General Motors Corp. is in preliminary talks to buy Chrysler, the struggling U.S. arm of DaimlerChrysler AG, or to strike a strategic alliance with the rival automaker, sources familiar with the situation said on Friday.
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DaimlerChrysler   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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General Motors is in talks to buy DaimlerChrysler AG's struggling Chrysler group in its entirety, according to several reports.
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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 (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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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.
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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  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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Chrysler's plan to close a plant and lay off 13,000 workers further shrinks Detroit's Big Three
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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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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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At least four private equity groups  have been in preliminary talks with DaimlerChrysler AG  (DCXGn.DE) about buying Chrysler, the Financial Times reported  on Friday on its website.
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German-US auto giant DaimlerChrysler has refused to rule out a possible sale of its loss-making US subsidiary Chrysler.
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The disclosure that DaimlerChrysler might sell or spin off its Chrysler unit has put the spring back into its stock.
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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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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.