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To: Jenna who wrote (102620)	6/16/2000 11:35:00 AM
From: puborectalis	Read Replies (2) \| Respond to of 120523

The last half-point move by the Fed was too much..just look at the disappointing last quarterly earnings coming out and this......GM, Ford, DaimlerChrysler idle U.S. assembly plants DETROIT, June 16 (Reuters) - Automakers General Motors Corp. (NYSE:GM - news) and DaimlerChrysler AG (NYSE:DCX - news) said on Friday they will idle two U.S. assembly plants to prepare them to make new models while Ford Motor Co. (NYSE:F - news) will trim output at a plant due to rising inventories. GM, the world's largest automaker, will idle its Flint, Mich., plant starting June 24 until early August to switch production to newer versions of the Chevrolet and GMC one-ton pickups, GM spokesman Tom Wickham said. The plant also makes the Crew Cab versions of the trucks. The plant, which employs about 2,800 people, turned out 120,322 trucks last year. DaimlerChrysler's Chrysler unit will idle its Sterling Heights, Mich., plant about three weeks starting June 19 to switch production to new versions of its Chrysler Sebring and Dodge Stratus sedans, company spokesman Juergen Witmann said. The plant, which employs almost 3,000 people, has the capacity to build 195,000 cars annually. Ford, the world's No. 2 automaker, will idle its Avon Lake, Ohio, minivan plant the week of June 26 because of rising inventories for the Mercury Villager and Nissan Quest, Ford spokesman George Pipas said. After Ford's company-wide shutdown the first two weeks of July, the Avon Lake plant will then operate on only one shift instead of the normal two through August, he said. Ford and Nissan said earlier this month that joint production at the plant will end in 2001 or 2002. The Quest will be built elsewhere, while Ford has not said whether the Villager will be continued. Pipas said the decision to lower the minivan plant's output made sense heading into the new model year and was not a sign of slowing industry sales. The plant, which employs about 2,000 people, last year built 45,600 Villager and 49,000 Quest minivans.