Chrysler Will Skip Summer Shutdowns at Four Plants to Keep Up With Strong Demand
"Stronger demand for automobiles bolstered U.S.
manufacturing, which grew in April at the fastest pace in almost a year,
according to Institute for Supply Management. The group’s factory index climbed
to 54.8 last month, the best reading since June.
Chrysler Group LLC, the biggest gainer of U.S. market share
through April, said four plants will skip normally scheduled two-week midyear
shutdowns to meet increased demand. Factories in Belvidere, Illinois; Toluca,
Mexico; and Detroit, and a parts factory in Toledo, Ohio, will stay open, the
company said May 2 in a statement on its website. Two more plants will shut for
one week instead of two, according to Auburn Hills, Michigan-based Chrysler.
“We need to build a few more vehicles, so they’re staying
open,” said Jodi Tinson, a company spokeswoman."
3 Comments:
Fiat is going to have a great return on investment. How much was it they paid for their majority stake again?
Ford is doing this too at several plants.
With so little selling activity in the past few years and the fleet age at a historical high we expect a pickup in sales.
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