Chrysler LLC plans to cut its salaried workforce by 25 percent starting next month, the company said today.
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Chrysler LLC said today it plans to cut 25 percent of its salaried work force beginning next month. A statement sent to employees today did not specify how many jobs were being cut.
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The Canadian Auto Workers union has said that it opposes in potential merger between General Motors and Chrysler.
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Two years ago, Nissan and Renault considered extending their partnership to General Motors, and investors hated the idea. With speculation now turning to a possible link-up with Chrysler, analysts are balking even more.
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General Motors, Ford Motor Co. and Chrysler LLC may drag U.S. auto sales for October to their lowest levels since 1992, a forecasting firm said. Overall industry volume will plunge 29 percent to 872,000, Edmunds.com said in a statement today.
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The great-grandson of Chrysler founder Walter P. Chrysler is giving the automaker's owner some unsolicited advice on saving the company. Frank Rhodes, the Chrysler family's archivist from Chestertown, Md., sent a letter Oct.
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Chrysler on Thursday said it would eliminate one shift of production at its Toledo North Assembly Plant and pull ahead the previously announcued closure of its Newark, Delaware, assembly plant.
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Nissan has declined to confirm or deny a US report that it is poised to take a 20% stake in Chrysler. And a senior Chrysler executive has suggested the automaker's cash pile is making it attractive to suitors.
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Chrysler LLC said on Thursday that it was closing one assembly plant early and eliminating a shift at another, resulting in 1,825 job cuts, as it responds to a shrinking U.S. auto market.
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As General Motors pushes ahead with talks to acquire Chrysler LLC, uneasy suppliers and workers are bracing for a deal that would combine two struggling automakers and cost tens of thousands of jobs.
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Chrysler LLC President Jim Press says he understands the frustration Chrysler employees and stakeholders feel about not knowing the future of the automaker, but he calls press reports about suitors speculation.
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Chrysler LLC President Jim Press says he understands the frustration Chrysler employees and stakeholders feel about not knowing the future of the automaker, but he calls press reports about suitors speculation.
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As General Motors pushes ahead with talks to acquire Chrysler LLC, uneasy suppliers and workers are bracing for a deal that would combine two struggling automakers and cost tens of thousands of jobs.
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General Motors is looking for a large investment from outside investors as a possible alternative to a deal with Chrysler LLC, the Financial Times reported on its Website yesterday.
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Renault-Nissan alliance chief Carlos Ghosn could achieve his long-held goal of acquiring a North American partner by taking a stake in Chrysler, a US newspaper reported on Wednesday.
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Nissan is proposing to buy about 20 percent of Chrysler and bring the troubled U.S. automaker into the Franco-Japanese alliance with Renault, the Detroit News reported on Wednesday.
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Cerberus, the global private equity house that owns U.S. carmaker Chrysler, is looking towards Europe for expansion, The Daily Telegraph reported on Wednesday.
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General Motors is looking for a large investment from outside investors as a possible alternative to a deal with Chrysler, the Financial Times reported on its website on Tuesday.
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Top engineers from five automakers agreed today that economic turmoil will not curtail their technology development. The engineers from General Motors, Ford Motor Co., Chrysler LLC, BMW AG and Honda RandD Co.
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