Business NEWS
Chrysler to shut Wrangler plant
By Steve Gavriliuc for CEOWORLD Magazine Updated:October 4, 2009
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Chrysler Group LLC will temporarily shut down its Toledo Supplier Park plant, which produces the Jeep Wrangler, because of a parts shortage.
It will idle about 500 Chrysler workers on two shifts and 500 to 700 supplier workers in the complex.
Chrysler did not identify the part or the supplier involved in the shutdown, saying only that “the shutdown is due to the continued stress in the automotive supply chain.”
The shutdown shows the continued stress on automotive suppliers, Chrysler said in a statement. “Our team is working very hard to make sure this is resolved within the week,” said spokesman Max Gates.
The decline in U.S. vehicle sales and production this year has strained many parts suppliers and left them short of cash.
Chrysler spokesman Max Gates did not identify the auto parts maker or the parts supplied by the company.
Chrysler sold 65,045 Wrangler SUVs in the first nine months of the year, flat from 2008, making it one of the few vehicles to avoid a steep decline in sales.
U.S. auto parts suppliers have been hit hard by a steep downturn in North American auto production, the lack of financing and the bankruptcies of General Motors Co [GM.UL] and Chrysler earlier this year.
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