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Chrysler

Started by H Needles; Last updated Feb 28, 08 5:46 AM CST by D Lim | View history

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Chrysler

"You never really hear the truth from your subordinates until after 10 in the evening." -Jurgen Schrempp, Former CEO of DaimlerChrysler

Chrysler has been hit hard by higher fuel prices and a move in consumer demand away from sports utility vehicles and trucks to smaller, more fuel-efficient cars. The newly private company is planning to improve the content and lower the price on 12 of its vehicles as part of a new marketing campaign.

Stories

Stories 21 - 40 of 52

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December 2007
- Chrysler Faces Cash Crunch
  
  Wall Street Journal | Dec 21, 07 10:09 AM CST
  
  (Newser) - With an auto industry novice as CEO, a product line trailing the rest of the industry, and an inadequate cost-cutting strategy, Chrysler is scrambling to sell assets to climb out of a deep financial hole. Four months after Cerberus Capital Management took the automaker private, the Wall Street Journal finds turnaround plans stalled by a cash crunch. More »
- Chrysler CEO Predicts $1.6B Loss This Year
  
  Wall Street Journal | Dec 5, 07 10:01 PM CST
  
  (Newser) - Chrysler will be screeching toward a second consecutive year in the red, sources told the Wall Street Journal , as the automaker will lose $1.6 billion. CEO Robert Nardelli told designers and engineers this week that while the beleaguered automaker’s revenue was about $63 billion, costs exceeded $64 billion. The newly private company no longer must report earnings publicly. More »
- Nov. Sales Languish for Big 3
  
  Wall Street Journal | Dec 4, 07 8:35 AM CST
  
  (Newser) - Ford and GM will join Chrysler in cutting production in early 2008, reports the Wall Street Journal today, following sluggish November sales and anticipated weak demand driven by continued economic fallout. Only Ford saw a modest 0.6% improvement in US sales last month, while GM sales were down 11% and Chrysler 2%. More »
November 2007
- Chrysler Plan Cuts Dealers, Overlapping Models
  
  Wall Street Journal | Nov 17, 07 2:09 PM CST
  
  (Newser) - Clued-in dealers say Chrysler is considering a restructuring plan to simplify its lineup: Chrysler dealers would sell all the company’s passenger cars, Jeep dealers would carry only Jeeps and SUVs, and Dodge dealers would handle commercial trucks and pickups. The reorganization would allow Chrysler to eliminate overlapping models and cut up to 1,000 underperforming dealers, reports the Wall Street Journal . More »
- Top Rides of 2008
  
  Popular Mechanics | Nov 10, 07 4:34 PM CST
  
  (Newser) - Popular Mechanics test drove a fleet of upcoming cars and trucks to conceive this list of 2008's best rides, in ten categories: Design: Nissan GT-R Value: Scion xB Energy efficiency: GMC Yukon Hybrid and Chevrolet Tahoe Hybrid More »
- Chrysler to Lay Off 12,000
  
  Bloomberg | Nov 1, 07 11:59 AM CDT
  
  (Newser) - Chrysler today announced plans to cut up to 12,100 jobs, about 14% of its workforce, on top of the 13,000 layoffs announced in February. With the US auto market tumbling—sales are on pace for their worst year since 1998—Chrysler’s new owners, private equity firm Cerberus Capital Management, hope to slim the company’s profile, Bloomberg reports. Four vehicles are getting the ax as well. More »
October 2007
- UAW Ratifies Chrysler Contract
  
  Wall Street Journal | Oct 27, 07 11:07 AM CDT
  
  (Newser) - The UAW said today that its employees had approved a four-year contract with Chrysler by the thinnest of margins, the Wall Street Journal reports. The union said 56% of production workers and 51% of skilled trade workers voted in favor of the deal, despite significant dissent among workers. The UAW will now concentrate on nailing down a deal with Ford. More »
- OK on Chrysler Pact ThisClose
  
  Wall Street Journal | Oct 25, 07 3:38 AM CDT
  
  (Newser) - Auto workers at four Chrysler plants voted by significant margins to approve a new labor contract yesterday, increasing the likelihood of final ratification by the company's 45,000 workers, despite rejection at several plants. The last vote, at a small-car plant in Illinois that employs 3,000 workers, is scheduled for tomorrow. More »
- More UAW Locals Nix Chrysler Deal
  
  Wall Street Journal | Oct 24, 07 8:10 AM CDT
  
  (Newser) - UAW workers at four Chrysler plants in Indiana last night rejected the embattled contract negotiated by their leaders with the automaker, adding to the six defeats by rank-and-file voters over the weekend. Some smaller locals have approved the contract, says anti-contract organizer Bill Parker, but the larger ones are rejecting it. More »
- Chrysler Deal Faces More Rejections
  
  Wall Street Journal | Oct 21, 07 11:02 PM CDT
  
  (Newser) - UAW members at three auto plants rejected the proposed pact between Chrysler and their union this weekend, bringing to six the number of locals who have voted down the deal, the Wall Street Journal reports. In a last-ditch effort to salvage the agreement, union leaders are focusing lobbying efforts on upcoming votes at plants in Michigan and Illinois. More »
- Rocky Road for Chrysler Deal
  
  New York Times | Oct 20, 07 4:44 PM CDT
  
  (Newser) - Three UAW locals voted against the new Chrysler deal yesterday, stirring fears that the agreement may be scuttled. Two plants voted against it by 53%, and a third, in Missouri, by 66% among skilled trades and 79% among assembly line workers. They slammed a proposed 2-level pay structure and new job categories that would mean lower wages, the New York Times reports. More »
- Struggle to Ratify Chrysler Deal
  
  Detroit Free Press | Oct 16, 07 3:05 AM CDT
  
  (Newser) - The proposed contract between Chrysler and the United Auto Workers has caused some division within the union and may not be ratified as quickly as the deal with General Motors, reports the Detroit Free Press . The council of local leaders who voted to approve it yesterday in Detroit were not not unanimous; some are unhappy that the it lacks some of the job security provisions of the GM deal. More »
- UAW Wins Some, May Lose Some in Chrysler Deal
  
  Wall Street Journal | Oct 12, 07 1:00 PM CDT
  
  (Newser) - Chrysler's UAW deal came about largely as a result of the company's late concession to preserve 3,100 UAW jobs at its Mopar parts arm and a transport operation . But even as the union trumpets those victories, more union concessions—allowing Chrysler to cut costs—will probably come to light soon, reports the Wall Street Journal. More »
- Strike Over After Chrysler, UAW Reach Deal
  
  Wall Street Journal | Oct 10, 07 5:08 PM CDT
  
  (Newser) - Chrysler and the United Auto Workers reached a tentative agreement on a new four-year contract this afternoon, the Wall Street Journal reports, just hours after UAW members walked off the job at Chrysler plants. The agreement is said to follow the pattern set by last month's General Motors pact, which the UAW announced today has been ratified by members. More »
- Chrysler Workers Walk Out
  
  Detroit Free Press | Oct 10, 07 10:30 AM CDT
  
  (Newser) - United Auto Workers told its 49,000 Chrysler employees to walk off the job at 11 this morning after 24 hours of continuous negotiations failed to yield a contract. The action marks the second UAW strike against an automaker in 20 days. An expert estimated Chrysler will lose production on 3,000 vehicles per day; after 72 hours, that number could rise to 6,400 vehicles, the Detroit Free Press reports. More »