• Most Popular
  • Most Shared

Global Deals Review: Q4 2009

Two men shakes hands in this file photo. REUTERS/Files

Hot sectors in a tepid recovery

The energy, finance, technology and healthcare industries are expected to be the hottest areas for dealmaking in 2010.   Full Article | Full Coverage 

» More Global Deals Review: Q4 2009 News

Chrysler may cut output amid truck sales fall: report

NEW YORK
Tue Jun 10, 2008 8:25pm EDT

Stocks

   
Robert Nardelli, chairman and CEO of Chrysler, speaks at the New York International Auto Show in New York March 19, 2008. REUTERS/Brendan McDermid

NEW YORK (Reuters) - Chrysler LLC may cut production further amid a steep drop in truck sales, according to a Wall Street Journal online report citing an interview with Chief Executive Robert Nardelli on Tuesday.

Stocks  |  Private Capital

According to the story, Nardelli said on the sidelines of the Journal's "Deals and DealMakers" conference that Chrysler "may have to go back and resize" production again after May U.S. sales fell 25 percent from the year before due to a drop in sales of Dodge Ram pick ups.

Cerberus Capital Management LP CBS.UL last August bought an 80.1 percent stake in Chrysler from former parent Daimler (DAIGn.DE) in a $7.4 billion deal.

(Reporting by Sinead Carew, editing by Richard Chang)
Stocks
Private Capital


More from Reuters

Photo

Democrats secure 60th vote on health bill

WASHINGTON (Reuters) - Senate Democrats reached a compromise on Saturday with a holdout senator that secured the 60 votes they need to pass a broad healthcare overhaul sought by President Barack Obama.

» More Top News
A woman shops at a Sam's Club store, a division of Wal-Mart Stores, in Bentonville, Arkansas June 4, 2009. REUTERS/Jessica Rinaldi

The food-stamp economy

On the last day of every month, shoppers at Walmart load their carts with food and household items and wait for the midnight hour. Is this the new normal in America?  Full Article 

U.S.
Two men shake hands in a file photo. REUTERS/File

Let's make a deal

The battered M&A sector will make a tepid recovery in the coming year and three hot sectors will lead the way, according to a Thomson Reuters analysis.  Full Article 

Global Deals Review