Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Where the GIT's are going -- Ignore unavailable to you. Want to Upgrade?

To: Augustus Gloop who wrote (171282)	12/17/2008 6:11:34 PM
From: Augustus Gloop	Read Replies (2) \| Respond to of 225578

Chrysler closing all 30 plants for one month 49 mins ago DETROIT – Chrysler says it will close all 30 of its manufacturing plants for a month starting Friday. The company needs to match production to slowing demand and conserve cash. Tighter credit markets are keeping would-be buyers away from their showrooms, Chrysler says. Dealers are unable to close sales for buyers due to a lack of financing, and estimate that 20 to 25 percent of their volume has been lost due to the credit situation. Chrysler claims it is nearing the minimum level of cash it needs to run the company and will have trouble paying bills after the first of the year. Operations at the 30 plants will be idled at the end of shift on Friday, Dec. 19, and will not come back online until Jan. 19, 2009, or later.