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Chrysler to axe a quarter of its staff
Fri, 24 Oct 2008Chrysler 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.
Next Kia Rondo to debut at Paris motor show
Thu, 26 Jul 2012Kia showed off its all-new Carens compact ute on its European press Web site on Wednesday. The car will come to the United States as the new Rondo, looking much more slick and aerodynamic than its predecessor. The full reveal for the Carens/Rondo happens during the Paris auto show in September.
Congress scales back tax break for car buyers
Thu, 12 Feb 2009A proposed tax break for new-vehicle buyers is dramatically scaled back in the final version of the economic stimulus bill. Auto dealers and their allies had sought to make interest on auto loans and the sales and excise taxes on new-vehicle purchases deductible from federal taxes. Proponents say those measures are needed to boost showroom traffic and sales.