skip to main content
|

Financial News

Tuesday July 14, 12:24 AM
Improved demand keeps Chrysler Detroit plant open

Photo
Click to enlarge photo

DETROIT (DETROIT.SN - news) (AFP) - US automaker Chrysler Group said Monday that improved demand would allow it to keep open a Detroit plant slated for closure and maintain a third shift at a Canadian facility.

Company officials said the Detroit plant that produces the Viper sports car will stay open, saving 1,500 jobs, and the company's Windsor (Xetra: 619070 - news) , Ontario facility will keep a third shift that was due to be cancelled.

"This is great news for our employees, our community and our buyers," said Reid Bigland, president and CEO of Chrysler Canada.

"Demand for our minivans in the second half of 2009 has been steadily rising and this decision will allow us to meet that demand," he said.

Chrysler (Xetra: 710000 - news) also confirmed Monday that will continue production of the legendary Dodge Viper SRT10 at the Conner Avenue Assembly Plant in Detroit, which had been slated to cease production permanently in December 2009.

"The Dodge Viper has successfully captured the hearts and imagination of performance enthusiasts around the globe," said Mike Accavitti, president and CEO, Dodge Brand.

"We're extremely proud that the ultimate American-built sports car with its world-class performance will live on as the iconic image leader for the Dodge brand," he said.

Introduced as a concept car in 1989 at the North American International Auto Show in Detroit, the Dodge Viper was designed and engineered to test public reaction to the concept of a back-to-basics, high-performance, limited production sports car.

To date, more than 25,000 Dodge Vipers have been built by Chrysler.

The announcements came as Chrysler shut seven of its eight North American plants for a money-saving two-week summer hiatus, but a company official said there is new optimism about the distressed automaker's future.

Chrysler, which has watched its sales drop by 40 percent so far this year, emerged from bankruptcy June after a dismal winter and spring to become part of an alliance with the Italian car maker Fiat (Milan: F.MI - news) .

Send Article by Email  |  Send Article by IM  |  Blog This with Y! 360  |  Printable View

Full Coverage : Business News for Mobile
  Previous article : Cathay's revenues slides 27.1 pct ( )
  Next article : Dollar rises as US jobs report rattles markets ( )
Full Coverage : Headline News
Yahoo! Finance : Yahoo! Finance - News - Commentary
  Previous article : IMF boosts loan to Pakistan by 3.2 billion dollars ( )
  Next article : GM says it received 4 bln dlrs more from US Treasury ( )
Yahoo! Finance : Yahoo! Finance - Automobile Sector
  Previous article : Porsche, VW 'to hold side-by-side board meetings' ( )
  Next article : Porsche board to mull offers from Qatar, VW ( )

AFP logo

Daimler AG
710000
n/a
n/a
DETROIT
DETROIT.SN
n/a
n/a
Fiat Spa
F.MI
10.47
+0.67%
Windsor AG
619070
n/a
n/a
FTSE 100  Gainers  Losers
FTSE 250 Quotes by Sector
Dow Jones  Nasdaq  S&P 500
DAX 30   Eurostoxx 50
 

Recession

  Just how deep is the trough?
Banking Crisis
 

Are the banks out of the woods?

Stock Market Crash
  Explaining the global market turmoil
Money saving Tips
 

How to beat the credit crunch

Isn't Finance Funny?
 

Scandals and silliness


Message Boards
Property Pensions
Savings Utilities
UK Stocks Investing
Speach bubble Stupid Predictons and Assertions
Speach bubble Nice or Average... Average or Nice
Speach bubble Stop pretending to be RICH !
Speach bubble Lloyds/TSB fund raising
Speach bubble RBS board threatened to resign en mess


Archives of

Copyright © 2009 AFP AFP. All rights reserved.