Cars
In both statements released to the press and the firm's employees, Chrysler LLC's outgoing CEO Bob Nardelli announced that while in bankruptcy, most manufacturing plants of the automaker will be temporarily idled. The lockdown will commence on Monday, May 4 and continue for the whole duration of the bankruptcy procedure which is expected to be complete within the next 30 to 60 days.
- Chrysler Resumes Production With The Dodge Viper At Detroit Plant
Having emerged from bankruptcy protection on June 9, the newly formed Chrysler Group LLC restarted production at one of its Detroit assembly plants on Monday, June 15. The first factory to reopen after the company shut down for a period of almost two...
- Gm To Close Or Idle 14 Plants And 3 Part Centers
Just hours after filing for bankruptcy Monday morning, General Motors announced that it will close or idle 14 plants and three Service and Parts Operations in the United States. Michigan is hit the hardest as it will see five plants being closed while...
- Chrysler Llc To Halt Production At All Plants For At Least One Month
It is no secret that the entire automotive industry is facing one of its worse times ever at the moment so we can't say that we are actually surprised with Chrysler LLC's decision to close all 30 of its plants for at least a month at the end of...
- Chrysler Llc To Completely Shut Down For Two Weeks In July!
We can’t say that we weren’t expecting surprise moves from Chrysler LLC’s new owner Cerberus Capital Management LP, but to shut down the entire company for two weeks in July during the period when it usually closes only its assembly...
- $5,180,000,000 To Gm Hourly Workers?
All those zeros you see in the title represent a speculative, hypothetical number that General Motors could pay to its 74,000 hourly employees who ply their trade in the United States. Â Just how many workers is 74,000? Â That'd be the complete...
Cars
Chrysler LLC to Shut Down Most Plants from May 4
In both statements released to the press and the firm's employees, Chrysler LLC's outgoing CEO Bob Nardelli announced that while in bankruptcy, most manufacturing plants of the automaker will be temporarily idled. The lockdown will commence on Monday, May 4 and continue for the whole duration of the bankruptcy procedure which is expected to be complete within the next 30 to 60 days.According to Chrysler, during the bankruptcy period, the company's hourly employees will receive unemployment benefits, as well as supplemental pay that will amount to most of their base wages while company-sponsored healthcare and other insurance coverage will continue.
However, the question that arises with Chrysler's prolonged shutdown is what will happen to the company's U.S. suppliers, given the fact that General Motors has also announced that it will be idling 13 of its North American assembly plants for multiple weeks from May through to July.
- Chrysler Resumes Production With The Dodge Viper At Detroit Plant
Having emerged from bankruptcy protection on June 9, the newly formed Chrysler Group LLC restarted production at one of its Detroit assembly plants on Monday, June 15. The first factory to reopen after the company shut down for a period of almost two...
- Gm To Close Or Idle 14 Plants And 3 Part Centers
Just hours after filing for bankruptcy Monday morning, General Motors announced that it will close or idle 14 plants and three Service and Parts Operations in the United States. Michigan is hit the hardest as it will see five plants being closed while...
- Chrysler Llc To Halt Production At All Plants For At Least One Month
It is no secret that the entire automotive industry is facing one of its worse times ever at the moment so we can't say that we are actually surprised with Chrysler LLC's decision to close all 30 of its plants for at least a month at the end of...
- Chrysler Llc To Completely Shut Down For Two Weeks In July!
We can’t say that we weren’t expecting surprise moves from Chrysler LLC’s new owner Cerberus Capital Management LP, but to shut down the entire company for two weeks in July during the period when it usually closes only its assembly...
- $5,180,000,000 To Gm Hourly Workers?
All those zeros you see in the title represent a speculative, hypothetical number that General Motors could pay to its 74,000 hourly employees who ply their trade in the United States. Â Just how many workers is 74,000? Â That'd be the complete...