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A key part of Chrysler LLC's agreement last year with the UAW gave the automaker the ability to hire new employees at a fraction of wages and health care of current workers. Since the deal was signed, Chrysler has been trying to show high-cost workers the door. The privately-owned automaker had a go......

Ford is making significant strides to turn its North American operations around. In 2006, it was able to cut almost 34,000 workers from its payroll after one round of buyouts and is looking to cut even more of its workforce this year through another payoff program that's being offered to 54,000 UAW-......

Once you have cut everyone, who is left to cut? That's the problem facing GM, according to UAW President Ron Gettelfinger. The General has already harvested the low hanging fruit with previous buyouts, but they're embarking on another round to try and further reduce labor costs. We've already covere......

GM is making better, more attractive vehicles, yet after losing nearly $40 billion in 2007 (most of which was an accounting adjustment, mind you), the Detroit automaker still has a lot of work to do to become profitable again here in the States. Even though GM shed 34,000 jobs in 2006, the company s......

Over 2006 and 2007, Ford lost $15.3 billion. Over that same time and in light of those losses, the company also shed 33,600 union workers through buyouts and early retirement. Still working through the uphill part of the turnaround, Ford has announced it wants to eliminate another 8,000 to 9,000 fac......

Seven months ago, so many Chrysler workers took up the offer of a buyout that the newly purchased pentastar slowed the whole process down while it sorted things out. To start 2008, the axe is back out again, with Chrysler working to reduce reduce its workforce by up to 12,000 people and offering mor......

Ford had a rough 2007, but there were bright spots, among them being news announced today that it managed to trim its fourth quarter losses compared to the same quarter in 2006. The Blue Oval announced today that it lost $429 million, or 20 cents a share, in Q4 2007. Compare that to the $2 billion, ......

General Motors held a conference with analysts today in which it outlined the automaker's turnaround progress and plans for 2008, the result of which is a press release (after the jump) that is the most boring piece of literature ever to be read. We tried, and were comatose by the first set of bulle......

Car sales in the US are down, which is bad news for everybody in the industry, but Chrysler is among the automakers struggling most. To adjust factory production to lower demand, the Pentastar was preparing to lay off up to 5,000 workers when it cut shifts at several plants. Instead, to keep good wi......

The new Chrysler Sebring has rightfully become the de facto whipping boy for all things wrong with design by committee. But unlike the former stalwart for unbridled criticism, the Pontiac Aztek, one of the main gripes has been the deplorable interior Chrysler saw fit to torture its customers with. A......