We have more details on the
rumored
restructuring plan that the
Chrysler Group is expected to announce on February 14th. First, it's dubbed internally as "Project X", which must mean it involves
chimpanzees and large doses of radiation. In addition to radiated chimps (we're kidding, click the link for the punchline), Automotive News is reporting that the plan will likely involve cutting 10,000 factory jobs and closing the Newark Assembly Plant that builds the
Dodge Durango and
Chrysler Aspen, as well as the an engine plant in Detroit that we believe makes the 4.7L V8 motor for
Jeep and
Dodge. The ultimate goal is reportedly to make the Chrysler Group smaller, more efficient and more closely alligned with Daimler-Chrysler and
Mercedes-Benz. The restructuring plan sounds similar to those currently being implemented by
General Motors and
Ford, though smaller in scale. For its part, Ford learned a valuable lesson
not cutting deep enough the first time around, so we're eager to see if the Chrysler Group comes back for a second round of cuts, as well.
[Source: Automotive News]
[Source: Automotive News]
