Chrysler Adjusts Production
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Chrysler Adjusts Production



Now at http://www.TheFirehouse.biz and http://media.chrysler.com,
Chrysler announces adjustments in vehicle production. Full release
also below:

Due to the continued lack of consumer credit for the American car
buyer and the resulting dramatic impact it has had on overall industry
sales in the United States, Chrysler LLC announced that it will make
significant adjustments to the production schedules of its
manufacturing operations. In doing so, the Company will keep
production and dealer inventory aligned with U.S. market demand. In
response, the Company confirmed that all Chrysler manufacturing
operations will be idled at the end of the shift Friday, Dec. 19, and
impacted employees will not return to work any sooner than Monday,
Jan. 19, 2009.

Chrysler dealers confirmed to the Company at a recent meeting at its
headquarters, that they have many willing buyers for Chrysler, Jeep(R)
and Dodge vehicles but are unable to close the deals, due to lack of
financing. The dealers have stated that they have lost an estimated 20
to 25 percent of their volume because of this credit situation.

The Company will continue to monitor the production schedules of its
manufacturing operations moving forward.

Bill M


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