Thursday December 14, 2006 
Thursday December 14, 2006
DaimlerChrysler halts US auto plants
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]
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