Chrysler first of Big Three to cut free life insurance for retirees

Chrysler has announced that it will be cutting its free life insurance program for its white-collar retirees. Under the former plan, retirees were given a life insurance policy at no charge that was equal to their last year of pay for anyone who retired before 2003, or $50,000 for anyone who retired after that [...]

Chrysler employees unhappy with mandatory vacation

Earlier this month Chrysler announced that it would be shutting down its worldwide operations for two weeks this summer, but apparently the Michigan-based automaker forgot to consider one major factor in the shutdown — its employees. According to the Detroit Free Press, through an apparent meltdown in the communication lines, no one informed top [...]

Mike Donoughe, head of Chrysler’s ‘Project D’, resigns

Mike Donoughe — the man responsible for heading up Chrysler’s Project D — has resigned from Chrysler. Donoughe, 49, was appointed to oversee Project D — a secret project group that was given the charge of developing new cars to replace Chrysler’s failing Sebring and Dodge Avenger — in January. According to The Wall [...]