Home | Web Extra | Interactive | Radio Programs | Categories | More  
CRI Home   •About Us  •Jobs  •Contact Us 
 
 
Google  
  Local Services: Beijing | London | Sydney | Washington | Beyond Beijing

Chrysler Plans to Shut 30 Plants to Counter Downturn of Car Sales
    2008-12-19 10:58:55     CRIENGLISH.com

The US carmaker Chrysler has announced plans to close its 30 manufacturing plants for a month starting on Friday, as it seeks to counter the most severe downturn in US car sales in more than two decades.

Workers at Chrysler's Warren Truck Assembly facility in the Detroit area expressed disappointment over the shutdown.

"Gets you real depressed. The morale in the plant is not too good right now."

"It's not good. My thoughts are real bad. I don't want to be out of work. It's hard to pay your bills when you're not working."

In a statement, the company blamed tighter credit markets for keeping would-be buyers away from its showrooms, as its sales in November has slid over 47 percent.

One Detroit area Auto dealer said the announcement was no surprise, and perhaps even a wise decision.

"Dealers have to pay interest on the cars that are sitting here and all of that, so I think it's a wise decision. I mean, it's a very painful decision for the people that work in those plants and now don't have a job for the holidays and less money coming in in any event."

With the US sales slump expected to continue into January, traditionally one of the slowest sales months of the year, the company has little revenue coming in and must pay suppliers seven billion US dollars every 45 days.

Chrysler's large rivals, General Motors and Ford have also announced extensions of their holiday shutdowns.

 
         Bookmark and Share
Recommend


CRIENGLISH.com claims the copyright of all material and information produced originally by our staff. All rights reserved. Reproduction of text for non-commercial purposes only is permitted provided that both the source and author are acknowledged and a notifying email is sent to us.

CRIENGLISH.com holds neither liability nor responsibility for materials attributed to any other source. Such information is provided as reportage and dissemination of information but does not necessarily reflect the opinion of or endorsement by CRI.

Web Extra
Countdown to 2009
A wonderful Time of the Year: on Christmas Eve of 2008
Shenzhen Memory
When Modern Dance Meets a Lover of the East

Interactive
What makes you happy?
A recent survey shows that people feel the happiest when they reach their 60s and 70s. Is it true that we may ignore happiness when we spend all the time looking for it? [China Drive]
 Join us in Talk China
Transcend Yourself
Transcendence is one of the core concepts of the Paralympics. In your life, have you ever transcended yourself to reach a goal? Have you achieved something that you normally wouldn't be able to do? [China Drive]

Radio Programs
Find your favorite program
Ways to Listen
Via shortwave
Via local AM and FM
Via Internet
Schedules
Hosts A-Z
Help With Listening