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Chrysler closing for a month
Topic Started: Dec 18 2008, 06:58 PM (77 Views)
TheObserver

Quote:
 
DETROIT - Chrysler LLC said Wednesday that it is closing all 30 of its manufacturing plants for a month starting Friday as it seeks to counter the most severe downturn in U.S. auto sales in more than two decades.

By extending the traditional two-week holiday shutdown period, the struggling Auburn Hills, Mich.-based automaker can adjust production to slowing demand and conserve cash.

In a statement Wednesday, Chrysler said tighter credit markets are keeping would-be buyers away from its showrooms. The company said its dealers are unable to close sales for buyers due to a lack of financing, and estimate that 20 to 25 percent of their volume has been lost due to the credit situation. Sales in November slid 47.1 percent.
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Chrysler and larger rival General Motors Corp. have warned they could run out of cash within weeks without financial aid from Washington. Chrysler has said its cash will drop to $2.5 billion by Dec. 31, the minimum needed to meet payroll, pay suppliers and run the company. It would have trouble paying bills after the first of the year.

Operations will be idled at the end of the shift on Friday, Dec. 19th shift. the earliest plants will reopen is Jan. 19, 2009. A few plants will reopen on Jan. 26.


Saw this when I was at therapy.
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WWEFootos48
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God
So I guess you aren't taking the news too well, huh? :lol:
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TheObserver

:lol: Man the only thing I've that I drove that came close to a Chrysler was a Dodge Shadow I had in high school. I use to pile up people in that thing. There were so many people, the girls had to sit on the guys laps.

Very unsafe at the time but I didn't care cause we always had a place to chill and plus the gas money helped. :)
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Kraul

Jolly -O- Saint Nicholas
Dec 18 2008, 08:55 PM
There were so many people, the girls had to sit on the guys laps.
A terrible situation to be stuck in, I'm sure. :lol:

*Note to self: Get vehicle with less room.

*Note to self #2: Get friends.


:shifty:
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Nubochanozep
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Don't cry-sler

hahahaha
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