Troubling Economic Signs for Giant Automaker

Article Abstract:

DaimlerChrysler may be focusing on the marketing of luxury automobiles, such as the new Mercedes-Benz McLaren sports car and Chrysler 300C sedan, but its financial and sales woes are receiving greater attention. Its Chrysler Corp. unit is rumored to plan more layoffs having just reported a $1.1 billion operating loss in the second quarter, and its production partner Mitsubishi Motors is trying to recover from a $419 million loss from sales to young car buyers who defaulted on their auto loans. Problems with Mercedes-Benz mechanical flaws have contributed to decreased sales of the luxury sedan.

United States, Japan, Product introduction, New Products/Services, Automobile industry, Daimler-Benz AG, DCX, Mitsubishi Motors Corp., Chrysler Corp.

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Dispute Disrupts Daimler in Germany

Article Abstract:

DaimlerChrysler in an effort to cut costs, wants the employees at its Sindelfingen plant to work longer hours for the same wages. The union employees, members of the Industriegewerkschaft Metall fur die Bundesrepublik Deutschland, have walked off the job in protest.

Personnel administration, Work Schedules, Human resource management, Work hours, Negotiation, mediation and arbitration, Labor relations, Work environment, Company personnel management, Hours of labour, Industriegewerkschaft Metall fur die Bundesrepublik Deutschland, Working conditions

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DaimlerChrysler To Scale Back Mini-Car Unit

Article Abstract:

DaimlerChrysler will eliminate two models of the Smart Car because of high production costs and an inefficient distribution network, but critics say that the company should have had more success with the car because it is a good product.

Marketing procedures, Marketing, Company marketing practices, Smart car (Automobile)

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