Chrysler pushes for further cost cuts on parts

Newswire

By Justin Hyde AUBURN HILLS, Mich., June 27 (Reuters) - New auto parts designed by DaimlerChrysler AG's Chrysler arm will have to cost up to 24 percent less than their predecessors to offset the financial impact of U.S. safety and environmental rules and lower vehicle prices, a Chrysler executive said on Thursday. The plan mirrors moves by General Motors Corp. and Ford Motor Co., as all of Detroit's Big Three automakers face falling prices for new cars and trucks amid a glut of new ...

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