Thursday December 14, 2006

DaimlerChrysler halts US auto plants

news.yahoo.com :

DaimlerChrysler's high inventory - built up due to weakening demand - has triggered a halt in production at several U.S. auto assembly plants, the Wall Street Journal reported. Chrysler is planning to suspend production at the plants for as much as four weeks going over the Christmas holiday in a bid to get inventories to normal levels, the paper said, citing people familiar with the matter.

The move could hurt the car maker's revenue, because auto companies book revenue based on the new vehicles they ship to dealers. The plants in line for longer stoppages include truck factories in St. Louis, Warren, Mich., and Newark, Del.; a Jeep plant in Detroit; and minivan plants in Windsor, Ontario, and St. Louis, it said.

- Built too many vehicles, did they.

See also :

1. DaimlerChrysler cuts 8500 jobs at Mercedes
2. DaimlerChrysler to chop 6000 administrative jobs, trim management by 20%
3. Chrysler plans production cut
4. Chrysler struggles to shift unsold inventory

(2006-12-14 18:38:52 SGT) [Biz] Permalink

Most popular blog postings on lowem.log :

1. Singapore MRT rail network length to double by 2020
2. 2010 Nissan Leaf electric car specifications : 107hp, 24KWh lithium-ion batteries, 100-mile range
3. Live spot gold price quotes chart on COMEX
4. 2010 Toyota Prius specifications released : 50 mpg, 1.8L, 134hp, Ni-MH, solar roof option
5. AVG Anti-Virus Free Edition 2011 direct download link
6. Real-time live gold and silver price quotes chart on COMEX
7. Singapore electric vehicles : Government agencies EMA and LTA to study EV introduction
8. Book review : Shut Down by William Flynn

Featured articles on lowem.log :

1. Book review : Shut Down by William Flynn
2. Singapore electric cars testing starts with 9 electric vehicles
3. Honda, GS Yuasa JV to make lithium-ion batteries for 2010/2011 Honda Civic Hybrid
4. 2010 Honda Civic Hybrid preliminary specifications released
5. 2010 Honda CR-Z hybrid, 2010 Honda Fit/Jazz hybrid models confirmed
6. 2010 Toyota Prius specifications released : 50 mpg, 1.8L, 134hp, Ni-MH, solar roof option
7. NYMEX crude oil recovers from $32.40 low after 2.2 mbpd OPEC production cut announced
8. Singapore : Nuclear power not ruled out