 |
|
 |
 |
 Premium News Article
Chrysler Closing St. Louis Plant, Denies Bankruptcy Rumors
SUGAR LAND--July 2, 2008--Researched by Industrial Info Resources (Sugar Land, Texas)--Chrysler will close its St. Louis South plant, which currently assembles minivans, on October 31, 2008. The St. Louis North plant, which assembles pickup trucks, will not come away unscathed and will cut a shift from September 2, 2008, leaving only a single shift in operation. Although denying rumors of impending bankruptcy, Chrysler has decided to exercise a $2 billion line of credit from their parent company, Cerberus Capital Management LP (New York, New York), and Daimler AG (NYSE:DAI) (Germany), their former owner. The automaker is hoping for strong sales of its newly revamped Ram pickup, hoping that the changes they have initiated will make the vehicle more attractive than the flagship trucks of its competitors, the Chevrolet Silverado manufactured by General Motors Corporation (NYSE:GM) (Detroit, MI) and the F-150 manufactured by Ford Motor Corporation (NYSE:F) (Dearborn, MI).
Read the Complete Article >>>
Details on this Article:
Industry Segment: Industrial Manufacturing
Word Count: 756 Words
| Login or Register now for instant access! |
 |
Related Articles
Two European Automakers Plan to Assemble Vehicles in the U.S. for First Tim...
Medicines and Massachusetts Dominate $822 Million in New England Project St...
Missouri to Get $23 Million Commercial Door Manufacturing Plant
Baosteel to Suspend 10 Million-Ton Iron and Steel Project in Zhanjiang
United Launch Alliance New Hydrostatic Testing Facility
|
|
|
 |
|
 |
|
|
This article is available for Premium Members only.
Subscribe Now! All Fields are Required...
Upgrade your Premium News Subscription to include all archived articles for only $160. Contact Member Services: 800-762-3361
All Members Receive the Following Free Resources:
North American Project & Gap Spending
North American Plant Analysis by Industry & Market Region
Market Maps & Stats - Capital & Maintenance Activity
Current & Historic Economic Indicators
30/60/90 Day Weather Forecast
|
© 2009 ALL RIGHTS RESERVED. Industrial Info Resources, Inc. - Sugar Land, TX - 800-762-3361