Chrysler to offer new discounts in July to clear glut
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Chrysler Group, a unit of  DaimlerChrysler AG (DCXGn.DE), will roll out a new program of  discounted vehicle pricing in July in a move intended to clear  an overhang of unsold 2006 models, the company said on  Wednesday.
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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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A restructuring plan is designed to reduce the cost of producing each vehicle and more closely align Chrysler with its parent company.
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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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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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Ford Motor Co.  will offer  zero-percent financing for three years on all 2007 Ford,  Lincoln and Mercury models and additional cash on some vehicles  as it tries to clear showroom floors at the end of the month.
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DaimlerChrysler's (DCXGn.DE)  U.S. arm Chrysler will cut its production by around 90,000  units in the third quarter and around 135,000 in the second  half to try to reduce a glut of inventory, the company said on  Tuesday.
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Flush with cash after selling Chrysler, DaimlerChrysler  will spend up to 7.5 billion euros ($10.20 billion) to buy back nearly 10 percent of its shares over the next year, the carmaker said on Wednesday.
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General Motors Corp. said on Tuesday it sees the U.S. seasonally adjusted annual selling rate for vehicles in September at 16.7 million.
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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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Chrysler Group will reduce the sticker prices on its 2008 Dodge and Chrysler minivans an average of $2,000 while adding features, the company said yesterday.
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Chrysler announces plans to develop cars with Chinese auto maker Chery for export to the US and Europe.
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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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General Motors Corp. will offer its broadest and longest spread of interest-free loans later this month when it holds a three-day sale to clear inventories of 2004 model-year vehicles, dealers said on Tuesday.
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Chrysler Group and Ford Motor Co.   on Tuesday reported steep declines in July vehicle sales, a  drop expected to cost both U.S. automakers share in a weaker  market overshadowed by concerns about fuel efficiency and high  gasoline prices.
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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  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.