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| DaimlerChrysler cuts 13,000 jobs | DaimlerChrysler cuts 13,000 jobs |
| (10 minutes later) | |
| DaimlerChrysler is to cut 13,000 jobs at its loss-making US unit Chrysler. | DaimlerChrysler is to cut 13,000 jobs at its loss-making US unit Chrysler. |
| The German-US group also said it will close one Chrysler factory as it continues efforts to turn around the struggling US operation. | The German-US group also said it will close one Chrysler factory as it continues efforts to turn around the struggling US operation. |
| Hit by falling sales, which were down 7% in the US last year, Chrysler has a total workforce of 83,000 people. | Hit by falling sales, which were down 7% in the US last year, Chrysler has a total workforce of 83,000 people. |
| Like fellow "Big Three" US carmakers Ford and General Motors, Chrysler has been hit by tough competition from Japanese rivals. | Like fellow "Big Three" US carmakers Ford and General Motors, Chrysler has been hit by tough competition from Japanese rivals. |
| Ford and GM are already cutting thousands of jobs in the US in an effort to reduce costs and improve their competitiveness. | |
| Unpopular vehicles | |
| The Chrysler plant that will close is its factory in Newark, Delaware. | |
| CHRYSLER FACTS 83,000 workers14 main assembly plants in US and CanadaUS sales down 7% in 2006Quarterly losses of $1.5bnOther brands - Dodge and Jeep | |
| With a workforce of 2,100, this makes the firm's slow-selling Dodge Durango and Chrysler Aspen sports utility vehicle (SUV) models. | |
| Overall, Chrysler is cutting 9,000 jobs in the US and 4,000 in Canada. | |
| Leading US car firms have all been knocked by an over-reliance on thirsty pick-ups and SUVs at a time when more American drivers are switching to smaller more economical cars. | |
| In the face of higher petrol prices, Japanese firms such as Honda and Toyota have been quicker to produce a range of such models. | In the face of higher petrol prices, Japanese firms such as Honda and Toyota have been quicker to produce a range of such models. |
| DaimlerChrysler, the world's fifth-largest carmaker, is also due to unveil its full 2006 financial results. | DaimlerChrysler, the world's fifth-largest carmaker, is also due to unveil its full 2006 financial results. |