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retirement

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    6,400 Chrysler hourly workers want buyout, 40% more than planned
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    Back in late February we reported on Chrysler's early retirement and separation program that the automaker hoped would help it shed 13,000 jobs over the next three years. The company was planning on saying goodbye to about 5,700 hourly (read: union) workers this year, of which around 1,000 would be ...

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    Steve Saleen retires from Saleen Inc.
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    Steve Saleen has announced his official retirement from Saleen, Inc., the company he founded 23 years ago that has grown into one of the best specialty vehicle manufacturers in the world. Apparently Steve is happy with the team he's assembled to manage the business in his place, and will be ...

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    BREAKING: Chrysler Group reveals details of union worker buyouts
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    This afternoon the Chrysler Group and the UAW released a statement revealing details of the early retirement and separation programs that will help the automaker reach its goal of shedding 13,000 jobs. Two-thousand jobs being eliminated are salaried positions, and we brought you details on those ...

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    BREAKING: Chrysler reveals details on white-collar "separation packages"
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    This afternoon Chrysler revealed more details on one part of its plan to extensively reduce its workforce by 13,000 workers between now and 2009. The details today concern the 2,000 salaried workers that will be leaving the company. Chrysler hopes it can entice at least 1,000 of those salaried ...

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    Rumors: Schumacher to lead Ferrari
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    The motorsport press rumor mill is grinding away at full speed on a juicy bit of gossip and speculation that Michael Schumacher is being groomed to take over as head of Scuderia Ferrari. After his retirement, Schumacher took on a role as a special advisor to Ferrari chief Jean Todt. It was supposed ...

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    What to get the man who has... an island: Michael Schumacher's custom Harley retirement gift
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    The crown prince of Dubai has already pledged to give ex-F1 racer Michael Schumacher his own man-made island called "The World", so what other man-made gift can top that as a retirement present? The Ferrari Clienti, a group of folks who buy and race classic and late model Ferrari competition cars, ...

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    Michael Schumacher: For the man that has everything...
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    It's over. There will be no 8th world championship and no constructor's title. Some might consider it depressing, while others just look at it as anti-climatic. Regardless, Michael Schumacher has left Formula One. But what do you give one of the greatest racing drivers of all-time as a retirement ...

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    4,000 Ford workers take buyout
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    During a conference call yesterday, FoMoCo's President, Mark Fields, announced that over 4,000 workers would take early retirement from the Ford-owned Visteon plant in Michigan.Employees had until last Friday to make their decision and of the 10,400 workers currently employed at the plant, ...

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    It's Job Fair Day at FoMoCo!
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    It's not usually a good sign when your boss starts talking to you about what you want to do with the rest of your life. If they start leaving the help wanted classifieds on your desk, things are really getting bad. If they actually bring in a number of other employers to recruit amongst their ...

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    Everybody knows Buick is automotive prune juice except for GM. Discuss.
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    If  Autoblog readers will permit a bit of shameless self-promotion, this writer has just penned a new editorial on a radical re-think for General Motors' rudderless Buick nameplate. Recent offerings like the Lucerne and LaCrosse have shown promise, but are unlikely to be enough to give the ...

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