With the shutting of doors from the US Senates, of which came shortly after Congress passed the bill, the first suffer from the Detroit 3 came with no surprise. Chrysler has run out of cash, and will shut all 30 factories in North America, giving their workers a long Christmas holiday, with 95% of their pay (fair enough) till not earlier than 19th of Jan 2009.PRESS RELEASE
Due to the continued lack of consumer credit for the American car buyer and the resulting dramatic impact it has had on overall industry sales in the United States, Chrysler LLC announced that it will make significant adjustments to the production schedules of its manufacturing operations. In doing so, the Company will keep production and dealer inventory aligned with U.S. market demand. In response, the Company confirmed that all Chrysler manufacturing operations will be idled at the end of the shift Friday, Dec. 19, and impacted employees will not return to work any sooner than Monday, Jan. 19, 2009.
Chrysler dealers confirmed to the Company at a recent meeting at its headquarters, that they have many willing buyers for Chrysler, Jeep® and Dodge vehicles but are unable to close the deals, due to lack of financing. The dealers have stated that they have lost an estimated 20 to 25 percent of their volume because of this credit situation.
The Company will continue to monitor the production schedules of its manufacturing operations moving forward.
Did you all notice one thing? There's no mentioned of WHEN will they commence manufacturing, this leads us to believe they're in a deeper pile of shit than their press release suggests. I bet the PR officer who typed this (Possibly using Google Docs? As its free.) had another tab on his browser searching for jobs.
Oh that ridiculous motorcycle? Dodge Tomahawk, a sign of absurdity during the better times.
