China in auto power play
It might not shake up the industry just yet, but China's interest in Volvo and Saab is the start of something big in global autos, writes columnist Wei Gu. Commentary
Chrysler taking 2-wk companywide summer shutdown
DETROIT, March 13 (Reuters) - Chrysler said on Thursday it plans to shut all but its most essential operations worldwide for two weeks in July, a first for the struggling U.S.-based automaker as it attempts to cut costs and preserve cash.
Chrysler, which is in a restructuring that includes trimming some vehicle lines and buyouts for its 44,000 U.S. hourly workers, lost $1.6 billion in 2007. (Reporting by David Bailey, editing by Mark Porter)
