Chrysler to cut 13,000 jobs, faces possible sale
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DETROIT/FRANKFURT  - DaimlerChrysler said on Wednesday it would cut 13,000 jobs at its Chrysler operation in North America and indicated it could sell or spin off the money-losing unit, which would unwind a troubled 9-year-old merger between Chrysler and Mercedes.
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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 LLC has a "realistic" business plan in place and "hopes to avoid" future buyouts or other downsizing due to U.S. economic woes, the company's president said on Tuesday.
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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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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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Chrysler LLC said on Tuesday its U.S. sales fell 6 percent in August as the automaker cut back on sales to daily rental companies.
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Automaker, unions agree to eliminate up to 12,000 workers to curb losses and save $665 million a year. By Ed Garsten / The Detroit News.
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NEW YORK/DETROIT  - General Motors Corp.  is in preliminary talks to buy Chrysler, a source familiar with the situation said on Friday.
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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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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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Chrysler Group, the embattled U.S. unit of DaimlerChrysler AG , reported an 8 percent drop in February sales on Thursday, becoming the last of the Detroit automakers to confirm weaker results for the month.
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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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DaimlerChrysler AG (DCXGn.DE) is  advancing plans to sell or spin off Chrysler Group, its  struggling U.S. unit, and has already received "several  expressions of interest from around the world," the Wall Street  Journal reported on its Web site on Sunday.
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The Chrysler Group will offer hourly workers in the United States up to $100,000 to leave the company as part of a recovery plan announced this month.
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Chrysler gets smaller, as wild rumors swirl about possible suitors or capital changes.
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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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Chrysler's plan to close a plant and lay off 13,000 workers further shrinks Detroit's Big Three