Chrysler plans production cut

Chrysler plans to cut fourth-quarter production as it tries to check a growing inventory of trucks and sport utility vehicles. The automaker will mainly cut production of the Dodge Durango SUV, as high gas prices hurt sales in that segment. Chrysler will ramp up production of smaller, more fuel-efficient vehicles, such as the Dodge Caliber crossover.

Chrysler reported a 35% decline in July U.S. sales. The automaker in July said it would cut third-quarter production by 65,000 to 75,000 units, or 10% of its quarterly output.

Post a Comment:

Comments are closed for this entry.

« Should we build more... | Main | Chad orders 2 oil... »

Most popular blog postings on lowem.log :

1. Singapore SIBOR rate falls to 0.94% in Nov 2008, lowest since Jul 2004
2. Baltic Dry Index falls 93% as shipping rates plunge, signalling global economic collapse
3. Singapore SIBOR rate falls to 1.31%, lowest since Nov 2004
4. Singapore SIBOR interest rates fall to 1.5%, lowest since Dec 2004
5. Live spot gold price quotes chart on COMEX
6. 2010 Honda Civic Hybrid preliminary specifications released
7. Fuel prices seen stoking Malaysia inflation in 2008
8. How to insert currency exchange rates into Google Spreadsheets

Featured articles on lowem.log :

1. ABC Guide to Beating Inflation in Singapore and Elsewhere
2. Singapore inflation rate hits new 26-year high of 7.5% in Apr 2008
3. Baltic Dry Index falls 93% as shipping rates plunge, signalling global economic collapse
4. 67000 China factories closed in H1 2008 as global economic collapse takes hold
5. 2010 Honda Civic Hybrid preliminary specifications released
6. Peakoiler buys 2008 Honda Civic Hybrid FD3
7. NYMEX crude oil recovers from $32.40 low after 2.2 mbpd OPEC production cut announced
8. Singapore SIBOR rate falls to 0.94% in Nov 2008, lowest since Jul 2004