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Chrysler closes all 30 plants for month
Link: http://www.nationalpost.com/news/story.html?id=1088437
In yet another sign of mounting troubles for Detroit's three automakers, Chrysler LLC announced yesterday it would idle all 30 of its North American manufacturing plants for at least four weeks after its last shift tomorrow. The move will put thousands of auto workers across the country out of work until at least mid-January. North America's third-largest automaker said the drastic measure was needed to bring its production levels in line with inventories, after a lack of consumer credit for car buyers in the United States has left new vehicles gathering dust on dealership lots. The plant shutdowns will remain in effect until at least Jan. 19, Chrysler said. The move follows similar announcements at General Motors Corp. and Ford Motor Co. in recent weeks. GM said last Friday it would halt operations at 30% of its plants, including those in Oshawa, for the first three months of 2009, which would result in 250,000 fewer vehicles.
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