Chrysler advertising agency BBDO may suffer more job losses as parent company Omnicom Group prepares to lay off nearly 5 percent of its global work force of 70,000, according to executives close to the situation.
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General Motors is denying that talks about possibly merging with Chrysler have restarted.
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General Motors has denied earlier reports it had renewed merger talks with Chrysler.
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General Motors and Chrysler have reopened merger talks after Chrysler owner Cerberus Capital Management suggested it was willing to give away part of its ownership in the auto maker, people familiar with the discussions have told the Wall Street Journal.
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Chrysler is to idle all manufacturing operations in the US, Canada and Mexico from 19 December to 19 January, citing "the continued lack of consumer credit for the American car buyer and the resulting dramatic impact it has had on overall industry sales in the United States".
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Chrysler LLC's decision to halt factory operations for at least a month put new pressure on the Bush administration to quickly help cash-strapped automakers.
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Chrysler LLC's decision to halt factory operations for at least a month put new pressure on the Bush administration to quickly help cash-strapped automakers.
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General Motors and Chrysler have reopened merger talks as Chrysler owner Cerberus Capital Management has signaled a willingness to give away part of its ownership in the automaker, the Wall Street Journal reported.
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General Motors and Chrysler LLC have reopened merger talks as Chrysler owner Cerberus Capital Management LP has signaled a willingness to give away part of its ownership in the automaker, the Wall Street Journal reported.
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General Motors and Chrysler LLC have reopened merger talks as Chrysler owner Cerberus Capital Management LP has signaled a willingness to give away part of its ownership in the automaker, the Wall Street Journal reported.
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General Motors today denied a report that it was again holding merger talks with Chrysler LLC. "There are no talks going on at all,'' GM spokesman Tony Cervone said.
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Ailing U.S. automotive giant General Motors denied reports Thursday that it was holding merger talks with its likewise stricken competitor, Chrysler.
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General Motors and Chrysler LLC have reopened merger talks as Chrysler owner Cerberus Capital Management LP has signaled a willingness to give away part of its ownership in the automaker, the Wall Street Journal reported.
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Chrysler LLC says the ongoing credit crisis and plunging sales are forcing it to shut down all its factories for a month, extending its normal holiday shutdown.
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Chrysler LLC is shutting down all its North American factories for a month due to the ongoing credit crisis and plunging sales. Chrysler announced today that all plants will be idled at the end of production Friday, Dec. 19.
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Chrysler Financial has warned dealers it may have to suspend floorplan assistance temporarily if dealers who are worried about Chrysler's viability continue to make withdrawals from their cash-management accounts.
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GM, Ford and Chrysler were given an early Christmas present from President Bush, after Senators initially blocked a bn loan.
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Chrysler LLC has teamed with credit unions in 12 states to give its customers access to $12 billion in auto loan financing. The move comes as Chrysler seeks a federal loan to remain solvent.
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Chrysler LLC co-President Jim Press said Monday that the company is not reviving its controversial )x("",sales bank for new vehicles that had been produced without dealer orders.
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Chrysler LLC co-President Jim Press said today that the company is not reviving its controversial )x("",sales bank for new vehicles that had been produced without dealer orders.
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