Chrysler PT Cruiser production to end this summer

Ye old Chrysler PT Cruiser is going the way of the dodo this summer, and according to Chrysler LLC President Tom LaSorda, the automaker is actively pursuing a sale of the equipment used to build the PT in Toluca, Mexico.

Speaking with Bloomberg, LaSorda was kind enough to both ask and answer his own questions, saying, "Would we sell those assets? Yes. Do we have any offers to sell those assets? No. Would we be pursuing a buyer? Yes." That makes for an easy interview...

Sales of the PT dropped by 49% last year, with only 50,910 vehicles leaving dealer lots. That's down from the PT's peak when Chrysler was able to offload 144,717 models in 2001. The PT's demise doesn't come as a surprise, particularly considering that Chrysler's owner, Cerberus Capital Management, has slashed six other models from the automaker's lineup since it took control in August 2007. For those of you keeping count, the PT's timely death means that the Chrysler badge is only affixed to three models: the Town & Country minivan, Sebring and 300C.

[Source: Bloomberg]