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Chrysler to cut 1,000 jobs by fall
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Chrysler to cut 1,000 jobs by fall
Chrysler said Wednesday it will cut 1,000 salaried jobs worldwide by Sept. 30 as it tries to return to profitability amid a severe downturn in U.S. sales. A spokesman said the company hopes most of the cuts will be accomplished through early retirements, attrition and voluntary separation programs, but that involuntary layoffs will be considered if the automaker fails to meet its targets.
Crude oil price drops below $125 a barrelLight, sweet crude for September delivery dropped $3.98 to settle at $124.44 a barrel on the New York Mercantile Exchange, crude's lowest finish since June 4. The August contract expired Tuesday at $127.95. At the pump, regular gasoline dropped more than a penny to an average of $4.0402 a gallon nationwide, AAA and others reported.
Toyota outsells General Motors againToyota Motor Corp. said it sold 4,817,941 vehicles during the first six months of the year, beating General Motors Corp. by 277,532 vehicles. It's the second time Toyota has beaten GM in sales in the first half of the year. In 2007, Toyota outsold GM by about 50,000 vehicles, although GM eked out a win for the full year, retaining its 77-year position as the world's largest automaker by sales.
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Lights out at U energy conference. Irony police notified.
Just as Lawrence Kazmerski, a top official at the National Renewable Energy Laboratory, was about to give the keynote address at the University of Minnesota's annual E3 conference at the RiverCentre in St. Paul, the lights went out, bathing the audience in darkness and a deep sense of irony.
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