Monday August 28, 2006

Chrysler plans production cut

peakoil.com -> washingtonpost.com :

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.

See also :

1. GM to cut production
2. Ford to cut production

(2006-08-28 23:44:02 SGT) [Energy] Permalink

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