Sunday, May 13, 2012

Chrysler Will Skip Summer Shutdowns at Four Plants to Keep Up With Strong Demand

From a recent Bloomberg report:

"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."


At 5/13/2012 11:02 PM, Blogger Oak said...

Fiat is going to have a great return on investment. How much was it they paid for their majority stake again?

At 5/13/2012 11:40 PM, Anonymous Anonymous said...

Ford is doing this too at several plants.

At 5/14/2012 6:12 AM, Blogger VangelV said...

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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