nardelli-chrysler-may-extend-production-shutdow/

nardelli-chrysler-may-extend-production-shutdow/
http://www.thetruthaboutcars.com/

Plenty of industry watchers predicted that Chrysler wouldn’t restart
production after the company extended its Christmas shutdown by two
weeks, to January 19. As that date approaches, ChryCo’s CEO has let it
be known that the ailing American automaker may not make autos again
until… later. Bob Nardelli told reporters at the North American
International Auto Show today that the company has a responsibility “to
make sure we’re not jamming dealers” to buy cars. As Chrysler’s sales
are in free fall, down 53 percent for December and over 30 percent for
the year, it’s hard to take Nardelli’s comment as anything other than a
tacit admission that Chrysler is out of business. If Chrysler doesn’t
even try to make and sell vehicles again, even if it’s just to park them
on an airfield somewhere, GM’s pursuit of additional bailout bucks just
got a lot harder. The public outcry over a $4b loan that defaulted in
less than a month, and the accusations that Chyrsler owner Cerberus
played Uncle Sugar for a fool, will be deafening. Won’t they?