Mike the Usurper wrote:
Chrysler LLC announced late Wednesday that it is stopping all vehicle production in the United States for at least a month.
All 30 of the carmaker's plants will close after the last shift on Friday, and employees will not be asked to return to work before Jan. 19.
Note that this only adds 2 weeks to their normal shutdown for the holidays.
Unsurprisingly, Chrysler blames the credit crunch for the slowdown, not the waning demand for crummy American cars. Given the amount of debt spending in the recent years, is it appropriate to assume that most of the people who can't get credit shouldn't get it anyway? Maybe "20-25%" of lost business is the new business-as-usual.
RE: Chrysler shuts down all production - Dec. 17, 2008