Chrysler Cuts Four Models and Five Shifts
By Brendan Moore
Chrysler is making the Chrysler Crossfire covertible, Dodge Magnum, the Chrysler PT Cruiser convertible, and the Chrysler Pacifica crossover all go away.
Also going away are up to 10,000 hourly jobs before the end of 2008. Additionally, another 1000 salaried jobs and 37% of Chrysler’s contractors are exiting, and all hourly and salaried overtime has ended.
Frankly, I thought the vehicle cuts would extend further, and although the Crossfire convertible is finished, I’m surprised the Crossfire coupe is sticking around. (Editor’s note: we erred in reporting that only the convertible model of the Crossfire is cancelled – both the coupe and the convertible models have been slated for termination, thereby cutting the whole Crossfire lineup. Our apologies for the reporting error.)
The bitter pill of cuts from Chrysler does have a small sugar center, though – Chrysler stated it will add two all-new products to its portfolio: the Dodge Journey crossover and Dodge Challenger coupe, along with two new (surprisingly) hybrid models, the Chrysler Aspen and Dodge Durango SUVs. No word from the company on the production schedules or locations of these vehicles yet.
Bob Nardelli, CEO of Chrysler, released this prepared statement: “The market situation has changed dramatically in the eight months since Chrysler established the Recovery and Transformation Plan as its blueprint.”
Now that’s a short statement.
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