Chrysler

Nissan and Chrysler have reached a deal to have Nissan supply cars to Chrysler for sale in South America starting next year, the automakers said Friday. The model, based on the Nissan Versa sedan, will be supplied under what is called an OEM, or ``original equipment manufacture,'' agreement in the auto industry. That means Japanese automaker ...

Chrysler overtook Ford in Canadian sales last year, but not for the first time in the modern history of the automobile industry, as was widely reported last week. In fact, what was then known as DaimlerChrysler Canada outsold Ford previously in 2005, Dennis DesRosiers of DesRosiers Automotive Consultants noted in a clarification Wednesday. ``Sorry about that ...

Chrysler LLC on Monday reported record sales outside North America in 2007, rising 15 per cent over 2006 figures, even as its sales worldwide slipped. The private company said it had its best year in international markets for 2007, selling 238,218 vehicles, up from the 206,925 it sold in 2006. ``We feel that the international business ...

Chrysler LLC on Thursday announced a new executive vice- president position to expand alliances with overseas automakers, something that industry analysts say shows a new sense of urgency to find partners outside of North America. The company named Simon Boag as executive vice-president of global alliance operations, reporting to president and vice-chairman Tom LaSorda. ``Growth in markets ...

Chrysler LLC says it's pleased with sales of its new minivans, but there are signs that the vehicles _ which are crucial to Chrysler's success _ aren't doing as well as the company had hoped. The company plans to idle its Windsor, Ont., minivan plant for two weeks in January in an attempt to reduce ...

Chrysler LLC is planning to idle two additional plants, including one in Canada, for two weeks in January in the latest example of an auto maker using production cuts instead of incentives to control inventory amid slumping demand. The auto maker will temporarily shut its Jefferson North plant in Detroit and its Windsor, Ont., plant ...

Chrysler LLC chief executive Robert Nardelli told a group of employees this week that the company is headed for a US$1.6 billion loss this year, according to a person familiar with his statements. Nardelli told a group of engineers and designers that revenue will be less than $63 billion but costs will exceed $64 billion, said ...

Automakers reported mixed U.S. sales results for November on Monday, with some new or more fuel-efficient models performing well despite consumer malaise over high gas prices and the weak economy. But even with rising sales of small cars and crossovers, the industry is predicting things will get worse in 2008. General Motors Corp. said Monday it ...

Chrysler LLC is likely to lose US$1 billion this year as its new leadership tries to cut costs and streamline the automaker's model lineup, but it's poised to break even next year and make money in 2009 and 2010, according to a top sales executive. Steven Landry, executive vice-president of North American sales, revealed part ...

Chrysler LLC is considering wide-ranging branding changes that would streamline its product offerings and eliminate as many as 1,000 dealers, the Wall Street Journal reported Friday. A plan currently under discussion calls for Chrysler dealers to sell all of the automaker's passenger cars under the Chrysler name. Dodge dealers would sell only pickup and commercial ...

United Auto Workers members have ratified a four-year contract with Ford Motor Co. that sets lower pay for some newly hired workers and puts the company's huge retiree health care debt into a UAW-run trust. The UAW, which represents about 54,000 workers at Ford, said Wednesday that 79 per cent of those voting favoured the ...

CAW president Buzz Hargrove and federal Industry Minister Jim Prentice are grappling with what to do about the 1,100 additional layoffs at Chrysler Canada that are part of a broader restructuring by the automaker's American parent. The CAW, which represents the unionized workers at not only Chrysler Canada but also the Canadian subsidiaries of General ...

The latest job cuts at Chrysler LLC will cost thousands of Canadian jobs directly and at parts suppliers _ some of which may face bankruptcy _ Canadian Auto Workers president Buzz Hargrove says. The automaker's elimination of a shift at its Brampton, Ont., sedan assembly plant will cost 1,100 jobs at the factory west of Toronto, ...

Chrysler LLC plans to cut up to 12,000 more jobs, or up to 15 per cent of its workforce, as part of an effort to slash costs and match slowing demand for some of its vehicles. The automaker said Thursday it will cut 8,500 to 10,000 hourly jobs through 2008 and reduce salaried employment ...

The Canadian Auto Workers union is bracing for job cuts as Chrysler LLC prunes slow-selling models from its product lineup, reportedly including the Chrysler Pacifica crossover utility vehicle and the Dodge Magnum station wagon. The Pacifica is assembled at Chrysler's minivan plant in Windsor, Ont., while the Magnum comes from the company's Brampton, Ont., plant, which ...

Chrysler LLC began laying off thousands of salaried workers Wednesday as part of an effort to slash costs in the company's new era of private ownership, a spokesman said. The cuts won't end there. Chrysler planned to announce Thursday that the third shift at the Toledo North plant in Ohio will be eliminated in the ...

Chrysler LLC chief executive Bob Nardelli said Monday he is pleased with a money-saving labour contract that was approved by workers over the weekend and is looking to raise more cash by selling US$1 billion worth of unneeded real estate and buildings. ``The auto industry has an insatiable desire for cash,'' Nardelli said during an ...

Despite significant dissent among some of its workers, United Auto Workers members narrowly passed a four-year contract agreement with Chrysler LLC on Saturday, leaving Ford Motor Co. as the last automaker to negotiate with in this year's round of contract talks. Talks with Ford were proceeding Saturday, although union leadership wasn't expected to attend and no ...

The head of the Canadian Auto Workers was not surprised members of the United Auto Workers voted Saturday to approve a new four-year contract agreement with Chrysler LLC, but Buzz Hargrove voiced disappointment with a deal he said fails to resolve issues of foreign competition and health care. He also noted the narrow ratification ...

Chrysler workers at two of four key United Auto Workers union locals voting Wednesday approved a new contract with the company, the presidents of the locals said. Local 140 President Melvin Thompson said 78 per cent of those voting approved the tentative agreement and 22 per cent opposed it. Thompson said 1,961 of his 2,600 ...

The fate of the tentative contract agreement between the United Auto Workers and Chrysler LLC remained in question Tuesday, with a union local in Detroit saying it approved the deal and officials awaiting vote tallies from four factories in Kokomo, Ind. Six local unions representing more than 11,000 workers have turned down the landmark pact, while ...

The tentative deal between the United Auto Workers and Chrysler LLC was hailed as a historic step forward for the company just a couple of weeks ago. Many rank-and-file members, however, have rejected that message. In early voting, six local unions representing more than 11,000 workers have turned down the pact, while four locals representing about ...

The fate of a tentative labour agreement at Chrysler LLC remained uncertain Sunday after two large United Auto Workers locals representing about 4,500 of the union's 45,000 members at the automaker split over the deal. National UAW leaders appeared concerned about the fate of the agreement, asking all appointed union officials to sign a statement backing ...

Workers at three more United Auto Workers local unions have rejected a tentative contract agreement between the national union and Chrysler LLC, casting doubt on whether the deal will be ratified. Members at locals in Missouri, Ohio and Delaware voted against the deal Friday and Saturday even as union leaders from Detroit spent the later part ...

Local union leaders voted overwhelmingly Monday to recommend approval of a tentative four-year agreement between the United Auto Workers and Chrysler LLC, paving the way for a vote by members, UAW president Ron Gettelfinger said. Chrysler workers would see gains of US$10,235 over the life of the agreement, according to a UAW booklet of contract ...

As they assembled cars Thursday, workers at Chrysler's Sterling Heights assembly plant were talking about their new labour contract, wondering if Wednesday's six-hour strike was enough to get a good deal from the company. Even as they waited to hear the details, industry analysts were predicting crosstown rival Ford will try to get more concessions ...

The settling of a short strike by Chrysler workers in the United States on Wednesday was good news for the auto company's two Canadian assembly plants, which could have been shut down later this week because of a supply shortage. The United Auto Workers union reached a tentative four-year contract agreement with Chrysler LLC just ...

The United Auto Workers union reached a tentative four-year contract agreement with Chrysler LLC on Wednesday after a brief strike that sent thousands of workers to the picket lines. Details of the agreement weren't immediately available. But UAW President Ron Gettelfinger said Wednesday afternoon, just hours after the strike began, that workers should report for ...

Negotiators for the United Auto Workers union and Chrysler LLC bargained through the night and continued talks Wednesday morning with just hours to go before a strike deadline. The UAW set an 11 a.m. ET deadline to reach a tentative agreement or have about 49,000 workers leave their jobs at 24 U.S. factories and other ...

Ford Motor Co. and Chrysler LLC are negotiating with the United Auto Workers over the amount they would put into a retiree health care trust and may not contribute as much as General Motors Corp. did, two people briefed on the talks said Friday. The issues is one of several differences that could derail ...

WASHINGTON (AP-CP) _ Chrysler LLC said Friday it would recall nearly 300,000 sport utility vehicles to address potential braking problems while driving uphill. In a separate move, Honda Motor Co. said it was recalling more than 180,000 Civics from the 2006-2007 model year to fix a wheel-bearing seal that could leak and lead to a ...

DETROIT (AP) _ Chrysler's new chairman and CEO Bob Nardelli said Friday he plans to keep the automaker's three brands but could cut some products as he leads the company through a restructuring. ``Clearly Chrysler, Dodge and Jeep are all very, very valuable brands,'' Nardelli said after a speech to the Automotive Press Association. ``I ...

FRANKFURT, Germany (AP) _ DaimlerChrysler AG said Wednesday its overall profit fell 14 per cent in the second quarter, but that profits rose from its Chrysler Group and the related financial services business in North America. The entire company posted a profit of 1.85 billion euros (US$2.53 billion) in the April-June period compared with 2.15 ...

AUBURN HILLS, Mich. (AP) _ A top marketing executive at Lexus is joining Chrysler LLC to lead its global marketing efforts, Chrysler said Wednesday. Deborah Wahl Meyer, 44, will become Chrysler's vice-president and chief marketing officer on Aug. 28. Meyer has spent the last six years at Toyota Motor Corp., most recently as vice-president of marketing ...

BERLIN (AP) _ Automaker DaimlerChrysler AG said Friday it has completed the transaction to sell a majority stake in its U.S. Chrysler arm to private equity firm Cerberus. Shareholders will be asked to approve the new name Daimler AG. ``Today a new chapter in our company's history begins,'' stated DaimlerChrysler CEO Dieter Zetsche.. The statement said ...

NEW YORK (AP) _ Investment banks raising funds for the turnaround of Chrysler Group postponed a US$12-billion debt offer after investors balked, so they will now fund the bulk themselves to keep the automaker's sale on track, people familiar with the matter said Wednesday. The banks, which include Goldman Sachs Group Inc. and JPMorgan Chase & ...

WASHINGTON (AP) _ Chrysler said Tuesday it is recalling more than 80,000 2007 Jeep Wrangler and Dodge Nitro sport utility vehicles in the United States to correct a problem that could make their engines stall. Chrysler Group, a unit of DaimlerChrysler AG, said the recall would allow dealers to reprogram a power module to remove ...

BRUSSELS, Belgium (AP) _ EU regulators have given Cerberus Capital Management the go-ahead for its purchase of the money-losing Chrysler car division from DaimlerChrysler AG. The European Commission approved the US$7.4-billion deal automatically because it didn't get any complaints and saw no antitrust problems. It was the last regulatory approval needed for the takeover after U.S. authorities ...

FRANKFURT, Germany (AP) _ DaimlerChrysler AG said Wednesday that Chrysler Group sales outside North America rose 24 per cent in May to 20,553 vehicles. Year-to-date sales were 91,412 vehicles, up 16 per cent compared with the same period of 2006, the company said in a statement. ``The continued growth of the international vehicle portfolio supports our ...

DETROIT (AP) _ Coming soon to a minivan near you: Satellite television. DaimlerChrysler AG's Chrysler Group on Thursday announced limited satellite TV service for its 2008 Dodge and Chrysler minivans and several other models, continuing its plan to turn the family cruiser into a living room on wheels. The company, ...

WASHINGTON (AP) _ After dozens of reports of fires in Dodge Durango and Jeep Liberty sport utility vehicles, DaimlerChrysler AG's Chrysler Group recalled nearly 500,000 vehicles Friday. Chrysler said it had received 66 reports of fires in Dodge Durango SUVs from the 2004-2006 model years because of electrical overloads in ...