DaimlerChrysler AG’s Chrysler Group has announced a three-year ‘Recovery and Transformation Plan’ designed to turnaround the company, which will include 13,000 job cuts by 2009, reducing material costs by up to €1.15 billion ($1.5 billion), exploring the sale of support operations, including transportation services, reducing production capacity by 400,000 units per year, eliminating a shift at its Newark (Delaware) Assembly plant and the Warren (Michigan) Truck plant this year, eliminating a shift at St Louis (Missouri) South Assembly plant next year, and making the Newark Assembly Plant idle in 2009.

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