Chrysler to Announce Restructuring Plan
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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 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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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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Chrysler LLC said on Monday it is offering buyouts of up to $100,000 each to an unidentified number of 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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A detailed sales prospectus for Chrysler Group bidders should be completed soon, according to two sources close to the process, the first step toward a potential sale that would unwind the 1998 merger that created DaimlerChrysler AG .
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Ford Motor Co.  said on Wednesday  it estimates that its accelerated restructuring plan, announced  in September, will cost $11.18 billion, with most of that going  to programs to lay off employees.
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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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Computer Associates on Wednesday announced a restructuring plan that will lay off 800 employees, or about 5 percent of its workforce, with 550 of the 800 reductions to take place in North America.
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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.
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The troubled Italian airline Alitalia is to reveal a rescue plan to avoid bankruptcy to unions. Ahead of the announcement expected on Monday afternoon, Italian media reported that the proposals include cutting the workforce by a quarter.
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Chrysler LLC has a realistic business plan in place and hopes to avoid future buyouts or other downsizing because of U.S. economic woes, the company's president said on Tuesday.
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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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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's (DCXGn.DE)  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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DETROIT/FRANKFURT  - DaimlerChrysler announced 13,000 job cuts at Chrysler on Wednesday and may part ways with its loss-making North-American arm, which would unwind a 1998 mega 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, a source familiar with the situation said on Friday.
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General Motors Corp.  is  in preliminary talks to buy Chrysler, a source familiar with  the situation said on Friday.