Jun 30th, 2008 by Frank Mangano
The largest privately owned automobile manufacturer is cutting back on 2,400 jobs and closing two plants that make mini-vans. Given Chrysler created this category of automobile, this is a major blow. It is also going to effect production of Dodge Rams, which also are seeing slowing sales caused by high gas prices.
With the news of higher oil and gas prices, you can expect this type of announcement to be common amongst manufacturers who make larger gas eaters. If gas prices don’t level off soon, by year end I expect you will be seeing entire lines of trucks dropped permanently. You also will be seeing even bigger offers to buy these trucks like the Dodge Ram.
You can see more about the Chrysler cutbacks at Marketwatch.com
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