International Business News - Chrysler http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Chrysler LLC said Wednesday it will cut 1,000 salaried jobs worldwide by Sept. 30 as it tries to return to profitability amid a severe downturn in U.S. sales. http://www.ibtimes.com/articles/20080723/chrysler-plans-to-cut-1-000-salaried-jobs.htm Wed, 23 Jul 2008 15:41:29 EDT An Abu Dhabi investment fund has bought a 75 percent stake in the Chrysler Building, one of the best-known landmarks on the city skyline. The Abu Dhabi Investment Council, one of the world's largest sovereign wealth funds, closed the sale with Prudential Financial Inc. on Tuesday, Prudential spokeswoman Theresa Miller said Wednesday. http://www.ibtimes.com/data/articleimgs/88689-chrysler-building.jpg http://www.ibtimes.com/articles/20080709/abu-dhabi-fund-buys-stake-in-ny-chrysler-building.htm http://www.ibtimes.com/articles/20080709/abu-dhabi-fund-buys-stake-in-ny-chrysler-building.htm Wed, 09 Jul 2008 16:36:22 EDT Chrysler LLC, looking for foreign partnerships to help drive its business as U.S. sales slump, announced a deal with China's Great Wall Motor Co. on Friday to study sharing technology, components and distribution. http://www.ibtimes.com/data/articleimgs/85582-autos-liquidity.jpg http://www.ibtimes.com/articles/20080704/chrysler-looks-at-auto-alliance-with-chinese.htm http://www.ibtimes.com/articles/20080704/chrysler-looks-at-auto-alliance-with-chinese.htm Fri, 04 Jul 2008 05:48:06 EDT Chrysler LLC said Thursday its U.S. sales plunged 36 percent in June, driven by declining sales of the automaker's light trucks and sport utility vehicles. http://www.ibtimes.com/articles/20080701/june-auto-sales-chrysler-sales-plunge.htm Tue, 01 Jul 2008 15:53:04 EDT People in this St. Louis suburb have conditioned themselves to accept bad news about the city's Chrysler plant, which has suffered its share of job cuts in recent years as gas prices have risen and auto sales have sagged. http://www.ibtimes.com/articles/20080701/chrysler-plant-closure-a-blow-to-missouri-town.htm Tue, 01 Jul 2008 15:29:34 EDT The worsening U.S. auto sales slump hit Chrysler LLC again Monday as it announced plans to close one St. Louis-area factory and cut a shift from another because of declining demand for minivans and pickups. http://www.ibtimes.com/data/articleimgs/82835-.jpg http://www.ibtimes.com/articles/20080630/chrysler-schedules-call-announce-factory-plans.htm http://www.ibtimes.com/articles/20080630/chrysler-schedules-call-announce-factory-plans.htm Mon, 30 Jun 2008 20:27:08 EDT Chrysler LLC will add multiple weeks to the normal summer shutdowns for at least three pickup truck and sport utility vehicle factories, and industry analysts say it's a sign that further production cuts are looming. http://www.ibtimes.com/articles/20080627/chrysler-lengthens-summer-shutdown-at-3-plants.htm Fri, 27 Jun 2008 18:07:12 EDT Gas prices are above $4 per gallon. Full-size pickup truck sales are down more than 21 percent through May. The U.S. auto market is in a downward funk. Great time to introduce a new pickup truck, right? http://www.ibtimes.com/articles/20080626/chrysler-banks-on-new-pickup-in-declining-market.htm Thu, 26 Jun 2008 19:12:07 EDT Faced with persistent speculation that it was planning to file for bankruptcy protection, Chrysler LLC on Thursday issued a statement denying the rumor and saying it has plenty of cash. http://www.ibtimes.com/articles/20080626/chrysler-denies-rumors-of-bankruptcy-filing.htm Thu, 26 Jun 2008 17:20:14 EDT Chrysler LLC is honoring former chairman and auto icon Lee Iacocca with an employees rally at its Auburn Hills headquarters. The private event takes place Thursday afternoon in the atrium of Chrysler's suburban Detroit complex, where 10,000 people work. http://www.ibtimes.com/articles/20080626/chrysler-honoring-ex-chairman-lee-iacocca.htm Thu, 26 Jun 2008 14:01:51 EDT Workers in Michigan have returned to their jobs after a chemical spill forced the evacuation of an engineering laboratory at Chrysler LLC's world headquarters in Auburn Hills. http://www.ibtimes.com/articles/20080626/workers-return-to-chrysler-lab-evacuated-for-spill.htm Thu, 26 Jun 2008 12:40:02 EDT Chrysler LLC said Thursday that people who buy its vehicles next year will have the option of turning their cars and trucks into wireless Internet hotspots. http://www.ibtimes.com/articles/20080626/chrysler-to-turn-vehicles-into-wireless-hotspots.htm Thu, 26 Jun 2008 12:30:01 EDT People who buy Chrysler LLC vehicles next year will have the option of turning their cars and trucks into wireless Internet hotspots. The company plans to announce Thursday that the feature will be available as part of its "uconnect" system that will debut in most 2009 Chrysler, Dodge and Jeep models. http://www.ibtimes.com/articles/20080625/chrysler-to-turn-vehicles-into-wireless-hotspots.htm Wed, 25 Jun 2008 13:41:13 EDT Credit rating agency Fitch cut the issuer default rating of automaker Chrysler LLC further into junk status Wednesday, citing a steep decline in sales amid a weak economy and record fuel costs. http://www.ibtimes.com/articles/20080625/fitch-cuts-chrysler-default-rating-to-b.htm Wed, 25 Jun 2008 13:06:03 EDT Standard & Poor's Ratings Services on Friday placed its corporate credit rating for Chrysler LLC on CreditWatch with negative implications, saying that it needs to evaluate the impact of deteriorating of U.S. auto industry conditions on the automaker. http://www.ibtimes.com/articles/20080620/s-p-puts-chrysler-under-review-for-downgrade.htm Fri, 20 Jun 2008 14:38:40 EDT The market for hybrid full-size sport utility vehicles may be small, but Chrysler LLC is determined to get a piece of it, saying Tuesday that its new hybrids will be nearly $8,000 less than competitors from General Motors Corp. http://www.ibtimes.com/data/articleimgs/74246-chrysler.jpg http://www.ibtimes.com/articles/20080618/chrysler-takes-aim-with-hybrid-suv-prices.htm http://www.ibtimes.com/articles/20080618/chrysler-takes-aim-with-hybrid-suv-prices.htm Wed, 18 Jun 2008 00:58:05 EDT The market for hybrid full-size sport utility vehicles may be small, but Chrysler LLC is determined to get a piece if it, saying Tuesday that its new hybrids will be nearly $8,000 less than competitors from General Motors Corp. http://www.ibtimes.com/articles/20080617/chrysler-takes-aim-at-gm-with-hybrid-suv-prices.htm Tue, 17 Jun 2008 19:03:43 EDT Chrysler LLC is raising prices by an average 2 percent on most of its remaining 2008 vehicles in response to rising costs of steel and other raw materials. http://www.ibtimes.com/articles/20080613/chrysler-raises-prices-2-percent-on-2008-inventory.htm Fri, 13 Jun 2008 19:06:13 EDT Chrysler LLC Chief Executive Robert Nardelli said Tuesday that he expects the automaker will be an independent company three years from now, and that Chrysler's private-equity owners were not second guessing their acquisition. http://www.ibtimes.com/articles/20080610/ceo-nardelli-sees-chrysler-staying-independent.htm Tue, 10 Jun 2008 20:09:22 EDT With truck and sport utility vehicle sales tumbling and its U.S.-based competitors either closing factories or cutting production, Chrysler LLC may be the next automaker to announce further cuts. http://www.ibtimes.com/data/articleimgs/63673-chrysler-cuts.jpg http://www.ibtimes.com/articles/20080605/chrysler-may-be-next-to-announce-production-cuts.htm http://www.ibtimes.com/articles/20080605/chrysler-may-be-next-to-announce-production-cuts.htm Thu, 05 Jun 2008 00:00:51 EDT