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Chrysler to shut down production for one month

Chrysler LLC is shutting down all its North American factories for a month due to the ongoing credit crisis and plunging sales, but Chrysler Australia says the move will have little effect on it.
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Chrysler announced today that all plants will be idled at the end of production Friday, December 19.

Chrysler Australia spokesman Jerry Stamoulis said, "A month down in production at this stage won't make a difference to consumers considering our vehicles. This is a calculated decision to match production to demand."

Employees will not return to work any sooner than January 19th, 2009. At the moment we don't have any further news or comment from Chrysler but will be sure to keep you posted.