Word: chrysler
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DIED. Robert McCurry, 83, auto-industry executive who developed Toyota's luxury Lexus line in 1989 and, at Chrysler, created cash rebates to sell cars, now a standard practice in the industry; in Rehoboth Beach...
...paying more to cover their dependents themselves. Following the automobile industry's lead, many firms--about half of all businesses--are conducting audits, requiring marriage licenses or birth certificates to verify coverage for some spouses and dependents. Ford has cut more than 50,000 people from its rolls and Chrysler 26,000. That's a drop in the bucket when you expect to spend $2.3 billion on health care, Chrysler spokesman David Elshoff says, "but at that amount, you're looking at every option to bring costs down...
Bush to Meet Big 3 Ailing automakers seek help The President plans a November meeting with the CEOs of GM, Ford and Chrysler, which all reported big losses last week. On the agenda: incentives to build cars powered by alternative fuels...
...other manufacturers attempting a comeback, VW is engineering a revamp that involves both new products and cost cutting. At the Los Angeles auto show in December, the company is expected to unveil a small SUV called the Tiguan, due in 2008. A minivan, to be built in partnership with Chrysler, is also planned for 2008. There's even talk of importing another retro favorite, the Scirocco, which is being revived in Europe. VW aims to double sales in the U.S. over the next five to six years. "If we're going to be a global player, we have to address...
...doesn't take a leap of faith to imagine a healthy Ford Motor. Chrysler bounced back under Dieter Zetsche, who emphasized distinctive design and management discipline. Now he's a TV star. And Nissan was nearly bankrupt when Renault's Carlos Ghosn flew in and orchestrated a stunning turnaround (he declined overtures from outgoing CEO Bill Ford to try the same trick in Dearborn). Central to both revivals, however, is something Ford has too often forgotten: it's all about the car, stupid. "No automotive turnaround has been successful without a steady flow of strong products," notes General Motors chief...