Dana Holding, a truck-axle manufacturer that exited bankruptcy in 2008, will cut more jobs as Ford and GM reduce production. Dana will eliminate more than…
Company officials at Lydall Inc. say sales have declined rapidly, and as a result, layoffs will occur sooner than expected at the company’s Saint Johnsbury,…
Ford Motor has begun transferring workers to a Detroit-area parts plant as it begins implementation of an agreement with the United Auto Workers to phase…
Chrysler, the third-largest US automaker, wants $2 billion more in federal aid to successfully restructure, pushing its total request to $9 billion. Chrysler also plans…
Ford Motor Company's credit unit will cut 1,200 jobs from its 6,100-strong US workforce. Spokesperson Brenda Hines said employees will begin to leave the company…
Cerberus Capital Management LP, the private-equity firm whose holdings include Chrysler, may cut its workforce by 10% amid a freeze in leveraged buyouts. Cerberus hasn't…
Today Fiat and Chrysler released corporate statements confirming that over the longer term, in exchange for a 35% equity stake in Chrysler, Fiat will provide…