The Truth Revealed

Friday, December 19, 2008

Chrysler decides to close auto factories


Big News Network.com
Thursday 18th December, 2008

Thirty car manufacturing plants in the US will be closed for a month or more by Chrysler.

The shutdowns will occur from this Friday, with employees being asked to take leave for the duration.

Chrysler has said the credit crisis and dwindling sales have caused the decision to close the plants.

The company estimates that between 20 to 25 percent of its volume has been lost since November.

Chrysler had warned the US government it could collapse without a special funding arrangement.

US President George Bush has said his administration is trying to put together a plan to aid Chrysler, GM and Ford.

On Wednesday, the president told the Fox news network his administration would make a decision "relatively soon" and that he would look at all options.
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