cost cutting

General Motors has confirmed it will cut 100 research and development positions at its Warren, Michigan, Technical Center and will close another R&D lab in Bangalore, India. The cuts are about a 25-percent reduction in the Warren facility and are part of a "global restructuring." "These moves ...

The Chrysler Group is looking for advice from other DaimlerChrysler divisions on how to cut the cost of each vehicle it produces around $1,000 on average. DaimlerChrysler CEO Dieter Zetsche told CNBC in Paris that executives from Mercedes-Benz in particular were helping put together a plan to make ...