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'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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Private equity investors closed  in on Chrysler on Tuesday as rival automakers at the Geneva car  show displayed scant interest in DaimlerChrysler's (DCXGn.DE)  loss-making U.S. division.
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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 (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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DETROIT/FRANKFURT  - DaimlerChrysler said on Wednesday it would cut 13,000 jobs at its Chrysler operations in North America, and raised the prospect that it could even part ways with the loss-making business.
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No. 5 automaker hurt by slow Mercedes sales, but Chrysler remains steady.
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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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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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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.
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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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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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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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DaimlerChrysler (DCXGn.DE) will not  make any management changes over last week's profit warning at  U.S. arm Chrysler, which is not up for sale, Chief Executive  Dieter Zetsche told a German newspaper.
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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.
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The pace of activity around a possible sale of DaimlerChrysler AG'S  Chrysler Group is accelerating, after several potential buyers met with management before presenting preliminary offers by the end of the month, The Wall Street Journal reported.