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Eight plants to close under Chrysler bankruptcy
Now that the court documents have officially been filed, details regarding Chrysler's ongoing plans to stay in business are becoming a bit less muddy. Two corporations will be created from the dying automaker: a so-called "OldCo" with unwanted bits and liabilities that seem likely to die a slow and painful death through the automaker's Chapter 11 filing, and a "NewCo" that contains the best that the ailing automaker has to offer. Tellingly, lumped in with the OldCo legal entity are eight plants that now seem likely to be closed down entirely. ... Read more →
Chrysler closing Newark plant early, cutting shift in Toledo John Neff
Chrysler LLC has just announced two measures to help the privately-owned automaker scale back production to meet lower demand in the marketplace. The first is to move up the closure of its Newark ...
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Eight plants to close under Chrysler bankruptcy 7 months ago on Autoblog
Now that the court documents have officially been filed, details regarding Chrysler's ongoing plans to stay in business are becoming a bit less muddy. Two corporations will be created from the dying automaker: a so-called "OldCo" with unwanted bits and liabilities that seem likely to die a slow and ...
Chrysler closing Newark plant early, cutting shift in Toledo 1 year ago on Autoblog
Chrysler LLC has just announced two measures to help the privately-owned automaker scale back production to meet lower demand in the marketplace. The first is to move up the closure of its Newark Assembly Plant, which builds the Dodge Durango and Chrysler Aspen, from late 2009 to December 31, 2008. ...
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