In response to the ongoing economic downturn, Chrysler announced that it will close all of their U.S. automobile factories for one month. Although they were scheduled to close for a two week holiday, the extra closure time comes as other U.S. and Foreign auto makers are planning extended production cuts.
Chrysler plans to keep their plants closed until January 19th, but even that date is in question. Unless vehicles start moving from the current inventory, the closures may last even longer. General Motors announced cut production and temporarily close 20 factories. Ford has said it will extend their closures by one week and even Honda and Toyota are cutting production.
To read more, see The Washington Post article here!