The Struggles of Detroit Ensnare Its Workers
July 3, 2008
NYT > Business
Detroit automakers will temporarily lay off upward of 25,000 workers this year, but are still obligated to pay them more than half of their take-home wages.
Detroit automakers will temporarily lay off upward of 25,000 workers this year, but are still obligated to pay them more than half of their take-home wages.
Former parent's cars diminish value of auto renter's for-sale fleet.
Faced with soaring gas prices, a sputtering economy and a rapid U.S. market shift away from trucks, the U.S. auto industry's weakest player, Chrysler, may have to file for bankruptcy or sell its storied Jeep and Dodge Ram brands as early as next year, JPMorgan said Thursday.
Can anything save Detroit's automakers?
Chrysler LLC is the weakest of the Detroit 3 and could face a cash crisis during the second half of 2009, a Wall Street auto analyst warned today in a conference call.
DETROIT - Faced with soaring gas prices, a sputtering economy and a rapid market shift in the United States away from trucks, the U.S. auto industry's weakest player, Chrysler, may have to file for bankruptcy or sell its storied Jeep and Dodge Ram brands as early as next year, JPMorgan said Thursday.
American car manufacturer Chrysler looks set to "enter the dragon" after signing an agreement to work with one of China's leading automobile companies.
Why you should buy the 2008 Dodge Charger Police Edition: You need a big cruiser, but need muscle car speed. Your department has a bunch of money to spend after a big drug bust. You've got to reunite your band and save an orphanage.
While Chrysler’s North American operations continue to struggle, the Michigan-based automaker is actually doing quite well in other parts of the world. In an effort to continue that momentum, Chrysler has announced that it has inked a memorandum of understanding with China’s Great Wall Motor to further explore the benefits of a long-term, strategic [.
Chrysler LLC said that it has signed a memorandum of understanding (MoU) with China's Great Wall Motor to explore the viability of a long-term strategic relationship in various areas including distribution networks, components and technology.
Chrysler LLC and China’s Great Wall Motor Co signed a memorandum of understanding to explore long-term business ties in various areas including distribution, components and technology.
Analysts at JPMorgan painted a bleak picture for Detroit's automakers Thursday, suggesting General Motors Corp. might need to ...
Michael Shedlock submits: uto sales were generally dismal across the board, with Honda the only bright spot as reported in an Auto Makers Report by the Wall Street Journal. The declines were exacerbated fewer selling days; there were 24 selling days last month, compared with 27 in June 2007.