Chrysler Will Cut Shipments by 90,000
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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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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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Chrysler offered buyouts of as much as $100,000 to most of its hourly workers in the Detroit area as part of its plan to cut as many as 10,000 more jobs.
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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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AUBURN HILLS, Mich. Chrysler plans to idle several assembly plants to decrease inventories and allow factories to prepare for the production of new models.
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Automaker Chrysler LLC aims to cut its product lineup by around a half and dramatically shrink its dealership network so it can sell its three brands under one roof, the Wall Street Journal reported on Friday, citing people familiar with the plan.
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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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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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DaimlerChrysler said that its net income fell during the 2nd quarter and that it would take a charge of nearly $3.4 billion for the sale of the Chrysler Group to Cerberus Capital Management.
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Wal-Mart Stores Inc.  said on  Friday it would push its suppliers to cut the amount of  packaging used in products sold through the world's largest  retailer, a move the company said will save it $3.4 billion.
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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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The world's largest automaker lowered its annual earnings forecast Thursday, a few hours after announcing plans to cut about 20 percent of its European workforce by the end of 2006 in hopes of saving about $600 million a year.
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DETROIT  - General Motors Corp.  will cut about 900 jobs early next year at a pickup truck plant in Pontiac, Michigan, in a move underscoring sagging demand for some of its most profitable vehicles.
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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 AG's Chrysler division on Thursday said it will save &#36;100 million a year from production of a new jointly developed four-cylinder engine that is more powerful, cleaner burning and far more advanced than the one it builds today.
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The United States proposed  new regulations on Friday that would slash diesel particulate  emissions, linked to lung cancer, from trains and ships by 90  percent over the next several years.
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The first shipments of Chrysler cars built by China's Chery Automobile Co. could reach the U.S. or Europe within 30 months, Chrysler said on Wednesday, opening the door for Chery to be the first mainland auto maker to do so.