Chrysler Expects No Job Cuts in '05 and '06
#1
01-11-2005, 04:55 PM
Chrysler Expects No Job Cuts in '05 and '06
DETROIT (AP) - The Chrysler Group, the only one of Detroit's Big Three automakers to post a U.S. sales gain in 2004, has no plans to cut jobs in the next two years, executives said at the North American International Auto Show Tuesday.
This year would be the first since 1999 that Chrysler, the American arm of German-based DaimlerChrysler AG, hasn't shrunk its work force. Chrysler cut 6,000 jobs in 2004 and has cut 40,000 positions since 2000.
The company is counting on continued strong sales of a slew of new products to grow business in the coming years.
"As long as we continue to see growth, we could expect some new hires at select plants to balance off the losses we'll see from attrition and retirements," Chrysler spokesman Mike Aberlich said. "We expect the bottom line to be about flat."
Chrysler sales were led last year by the new 300 sedan, the uniquely styled car that was named North American Car of the Year at the auto show. Chrysler's U.S. sales rose 3.4 percent in 2004, while its Detroit counterparts General Motors Corp. and Ford Motor Co. saw business decline 1.4 percent and 5 percent respectively, according to Autodata Corp.
At the Detroit show, Chrysler unveiled its latest new offering - the muscular, rear-wheel-drive Dodge Charger sedan, which is scheduled to go on sale this summer. The Charger is part of a product offensive at Chrysler that includes 25 new or redesigned cars and trucks by the end of 2006.
In morning trading on the New York Stock Exchange Tuesday, DaimlerChrysler shares were off 22 cents to $46.57.
---
On the Net:
Chrysler Group: http://www.chrysler.com
-Matt-
This year would be the first since 1999 that Chrysler, the American arm of German-based DaimlerChrysler AG, hasn't shrunk its work force. Chrysler cut 6,000 jobs in 2004 and has cut 40,000 positions since 2000.
The company is counting on continued strong sales of a slew of new products to grow business in the coming years.
"As long as we continue to see growth, we could expect some new hires at select plants to balance off the losses we'll see from attrition and retirements," Chrysler spokesman Mike Aberlich said. "We expect the bottom line to be about flat."
Chrysler sales were led last year by the new 300 sedan, the uniquely styled car that was named North American Car of the Year at the auto show. Chrysler's U.S. sales rose 3.4 percent in 2004, while its Detroit counterparts General Motors Corp. and Ford Motor Co. saw business decline 1.4 percent and 5 percent respectively, according to Autodata Corp.
At the Detroit show, Chrysler unveiled its latest new offering - the muscular, rear-wheel-drive Dodge Charger sedan, which is scheduled to go on sale this summer. The Charger is part of a product offensive at Chrysler that includes 25 new or redesigned cars and trucks by the end of 2006.
In morning trading on the New York Stock Exchange Tuesday, DaimlerChrysler shares were off 22 cents to $46.57.
---
On the Net:
Chrysler Group: http://www.chrysler.com
-Matt-
Thread
Thread Starter
Forum
Replies
Last Post
Chrysler Forum Editor
Brand News, Concepts & Rumors
1
10-04-2013 08:12 PM
Chrysler Forum Editor
Brand News, Concepts & Rumors
0
12-10-2012 08:08 AM
Midnight 85
Brand News, Concepts & Rumors
0
09-28-2006 06:06 AM
