Chrysler, Plastech reach short-term supply deal
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Chrysler LLC has reached an agreement with bankrupt Plastech Engineered Products Inc to provide the auto maker with parts through February 27, extending an interim agreement while the sides await a legal ruling on whether Chrysler can sever its ties with the supplier.
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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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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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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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Federal antitrust regulators have cleared Cerberus Capital Management's $7.4 billion purchase of Chrysler.
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Home Depot has reached a deal with a consortium of private-equity firms headed by Carlyle Group to sell its supply arm, HD Supply, for $8.5 billion, down from its original price of $10.3 billion, according to sources close to the negotiations.
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VANCE, Ala.  - Cerberus Capital Management LP  is on track to conclude its $7.4 billion acquisition of Chrysler Group, DaimlerChrysler Chief Executive Dieter Zetsche said on Wednesday.
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Chrysler LLC has closed four assembly plants and may be forced to shutter the rest of its global assembly operations within a short time due to a dispute with supplier Plastech Engineered Products Inc, which filed for bankruptcy court protection 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.
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WARREN, Mich. - Chrysler workers at two of four key United Auto Workers union locals voting yesterday approved a new contract with the company, the presidents of the locals said.
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DETROIT -- With handshakes and smiles, negotiators from Chrysler Group and the United Auto Workers formally begin contract talks Friday that many consider to be crucial to the survival of Detroit's three automakers.
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The disclosure that DaimlerChrysler might sell or spin off its Chrysler unit has put the spring back into its stock.
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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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Four Chrysler LLC plants in the Detroit area voted to approve a proposed four-year contract for workers represented by the United Auto Workers union, boosting the chance that the contested labor pact will be ratified this week.
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DaimlerChrysler AG's DCXGn.DE U.S.   arm Chrysler is cutting production by 135,000 units in the   second half of 2006 to reduce a glut of unsold trucks and sport   utility vehicles after a failed summer sales effort, the   company said on Tuesday.
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United Auto Workers members passed a four-year contract agreement with Chrysler today despite significant dissent from some workers.
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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.