The profit of Toyota seems to have come down as employees with its U.S. plant seek unionization.
Toyota is world's leading carmaker, which recently grabbed world No. 1 cap from the Detroit-based GM, and is paying an average $47.60 per hour to...
Tag - Chrysler
Desperate Detroit-based automakers are moving to lessen the labor cost roughly by $25-an-hour and are trying to cut it down to the level paid by Asian rivals Toyota Motor Corp. and Honda Motor Co.
Battling with the increasing losses, automakers...
Chrysler's restructuring plan seems to be implemented without any unwanted hue and cry as 40 percent additional workers signed the company’s compensatory offer.
Luxury carmaker posted a $1.5 billion profit loss last year, and to roll...
Jolted with the increasing oil prices, U.S. auto sales are expected to have plunged in May. U.S. vehicle sales are expected to come down to 15.9 million to 16 million vehicles in the month, compare to the year earlier 16.2 million units.
US...
Following the decision of DaimlerChrysler to offload Chrysler Group, it will go back to being Daimler, and its presence in the US will minimize virtually overnight. Without Chrysler's presence, the company has one plant in the US, one major office...
US private equity group Cerberus inched closer to acquire Chrysler, the struggling US unit of Germany's DaimlerChrysler, reports suggest. DaimlerChrysler is expected to declare on Monday a deal to sell a controlling stake in Chrysler Group,...
Magna International Inc., the Canadian auto-parts maker bidding for Chrysler, has announced that Russian billionaire Oleg Deripaska will buy a stake in the company to help Magna expand in Eastern Europe and Russia. Oleg Deripaska, the Russian...
Representatives of billionaire investor Kirk Kerkorian's Tracinda Corp., which has proposed a $4.5 billion for acquiring DaimlerChrysler AG's Chrysler Group, met with United Auto Workers members who have independently proposed an...
United Auto Workers union President Ron Gettelfinger has expressed that he wants to keep Chrysler with Daimler, and he plans to take his case to the German company's supervisory board, which is also believed to be in favor of keeping Chrysler....
Chrysler Group is planning to build two plants in Michigan to make the US automaker's next generation V-6 engines, a published report said. According to state and company officials Chrysler Group is set to unveil plans to build two new plants in...
Kirk Kerkorian, once the biggest shareholder of Chrysler Corp., has reportedly sent a letter to DaimlerChrysler offering to buy the struggling automaker back for $4.5 billion. Kerkorian's offer for Chrysler seems to have strengthened the position of...
DaimlerChrysler AG Chief Executive Officer Dieter Zetsche has said for the first time that he is negotiating the sale of Chrysler, preparing to untwist a 1998 merger. DaimlerChrysler has confirmed the speculations that it is in talks with...
Interested firms have now started emerging as frontrunners to bid for Chrysler, the struggling U.S. unit of German automaker DaimlerChrysler AG. According to the reports, Magna International Inc., Cerberus Capital Management LLC and a team led by...
Chrysler has announced that it is to recall almost half a million vehicles from the market marking the second recall by the company in two weeks. The US arm of German carmaker DaimlerChrysler has said that a total of 489,000 vehicles are being...
Chrysler Group of DaimlerChrysler AG has now decided to offer select hourly employees between $70,000 and $100,000 to leave the struggling U.S. auto maker as part of a recently announced restructuring plan. Chrysler is expected to begin offering...
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