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Chrysler to axe a quarter of its staff

Chrysler is to cut a quarter of its staff - up to 5000 jobs By Tim Pollard Motor Industry 24 October 2008 17:05 The credit crisis gripping the world's economy struck Chrysler again today – the car maker announced it would cut a quarter of its staff by the end of the year. Although exact figures haven't been issued yet, it looks like as many as 5000 jobs could be axed. Analysts in Detroit are seeing today's announcement as a sign that the possible GM-Chrysler merger being discussed could come to fruition.

Global GM chassis starts testing

By Phil McNamara Motor Industry 10 August 2006 09:26 General Motors' new Epsilon II chassis – to be employed around the world by Vauxhall/Opel, Saab, Chevrolet and other brands – has hit the road for testing. Pictured here beneath the next Chevrolet Malibu, the modular front- and all-wheel drive architecture will also underpin the Vauxhall Vectra and Saab's new 9-3 and 9-5. GM is grouping its core models to save cash, and harmonising production processes so that plants can churn out multiple models according to demand.

GM and Koenigsegg agree Saab sale

By Ben Pulman Motor Industry 16 June 2009 11:00 American car giant General Motors has signed a memorandum of understanding for the purchase of Saab by an investment group led by Swedish supercar manufacturer Koenigsegg. That's the deal. Supercar maker Koenigsegg Automotive, together with a consortium of private investors, has formed Koenigsegg Group, which has reached a ‘tentative agreement’ to buy Saab from GM.