CHRYSLER

Automakers gird for new normal

IBTimes Logo
As automakers, parts suppliers and car retailers ready business plans for next year and beyond, the experience of the industry's 2009 crash has made caution the new byword.

Ford suffers UAW setback, Canadian workers OK cuts

IBTimes Logo
U.S. factory workers at Ford Motor Co overwhelmingly rejected proposed concessions it has said it needs to stay competitive, while union workers in Canada on Sunday accepted cuts aimed at retaining jobs.
IBTimes Logo

Ford seen narrowing loss, focus on cash burn

Ford Motor Co is expected to post a narrower quarterly loss with support from the U.S. government cash for clunkers program, but the focus will be on the outlook for the U.S. economy and auto industry sales.
More news
IBTimes Logo

Former GM plant to make Fisker hybrid cars

The bankrupt shell of carmaker General Motors Co is making its first major asset sale, selling a Delaware manufacturing plant to Fisker Automotive, which will make plug-in hybrid electric cars beginning in 2012.
IBTimes Logo

Ford rises, Chrysler falters in key quality survey

Ford Motor Co has made the most progress in improving vehicle quality among major automakers, while Chrysler ranks at the bottom of the industry for reliability, according to an annual Consumer Reports survey released on Tuesday.
IBTimes Logo

Five Ford UAW plants back contract; vote continues

Workers at five Ford Motor Co U.S. plants represented by the United Auto Workers have backed a contract aimed at bringing the automaker's labor costs in line with rivals General Motors Co and Chrysler.
IBTimes Logo

GM culture needs shake-up- ex-US task force chief

Overcoming an entrenched corporate culture is the biggest question mark for General Motors Co management as it tries to maintain viability following its near failure this year, the former chief of the Obama administration's autos task force said on Wednesday.
IBTimes Logo

Pay czar expected to cut payouts by 90 percent: source

The Obama administration plans to order that the top earners at firms which received billions of dollars in government bailouts will see their cash payouts cut by an average of about 90 percent from last year, a source familiar with the matter said on Wednesday.
IBTimes Logo

Obama team was divided on Chrysler rescue-Rattner

The Obama administration was deeply divided over whether to fund Chrysler's restructuring in bankruptcy and whether the automaker could survive to repay the investment, according to a former senior official.
IBTimes Logo

Dollar Thrifty cuts Chrysler purchases, costs

Dollar Thrifty Automotive Group Inc (DTG.N) said on Monday it would slash its 2010 car rental purchases from Chrysler and that its average fleet costs had stabilized at levels it hoped to maintain next year.
IBTimes Logo

Kenosha, Wisconsin in auto history

Kenosha, Wisconsin on the shores of Lake Michigan has a long history in automotive history that will die if a Chrysler engine plant is shut as planned next year.
IBTimes Logo

GM says cost-cutting nearly done, sales chief out

General Motors Co is on track to complete a wrenching cost-cutting but faces risks from an uncertain U.S. economy and rising unemployment as it tries to win back consumers, the automaker said on Wednesday.
IBTimes Logo

Daimler says U.S. truck market has bottomed

The world's biggest truckmaker, Daimler AG , is seeing evidence the U.S. truck market has bottomed, but it remains cautious about the pace of any recovery, the head of Daimler's truck division said on Wednesday.
IBTimes Logo

Delphi exits bankruptcy after four years

U.S. auto parts maker Delphi ended four years in bankruptcy on Tuesday, emerging from Chapter 11 as a private company and removing a major uncertainty for former parent General Motors Co [GM.UL].
IBTimes Logo

Pay czar looking to rework employee pay packages: report

The Obama administration's pay czar plans to cut the cash salaries of the top employees at seven firms that have received large sums of government aid, in a bid to reshape their compensation packages, the Wall Street Journal said on Tuesday, citing people familiar with the matter.
IBTimes Logo

Chrysler creates Dodge Ram brand for trucks

Chrysler Group LLC has created a separate Ram brand for its Dodge pickup trucks and replaced the heads of two car brands as the automaker rushes to complete a critical long-term business plan.
IBTimes Logo

US-led consortium wants to buy Volvo from Ford: report

A U.S.-led group has entered the race to buy Ford Motor Co's Volvo cars unit, the Financial Times reported, in a challenge to China's Geely Automotive which last month confirmed its interest in the loss-making Swedish carmaker.
IBTimes Logo

U.S.-led consortium wants to buy Volvo from Ford: FT

LONDON A U.S.-led consortium has entered the race to buy Volvo from Ford , the Financial Times reported, in a challenge to China's Geely Automotive , which confirmed its interest in the money-losing Swedish carmaker last month.
IBTimes Logo

Ford Canada labor talks aim to cut $16/hr gap

Labor costs at Ford Motor Co (F.N) are about $16 an hour higher in Canada than in the United States, the Canadian Auto Workers confirmed on Friday, but union said it needs guarantees on production levels before it agrees to concessions to level the field.
IBTimes Logo

Obama auto plan stopped global auto collapse: exec

The global auto industry would have collapsed if the U.S. government had not provided taxpayer-backed financing for automakers General Motors and Chrysler, according to the chief executive officer of Motors Liquidation Co (MTLQQ.PK).

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.