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Last updated 4:28AM ET
March 9, 2021
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Chrysler Cuts
(wgvu) - Chrysler LLC says it will indefinitely close one
Missouri plant and cut production at another due to slumping demand
for trucks and other large vehicles.
Officials with the Auburn Hills-based automaker said Monday in a
conference call that it will shutter the St. Louis South plant,
which makes minivans, effective Oct. 31. The St. Louis North plant,
which makes full-size pickup trucks, will reduce operations from
two shifts to one.
A slowing economy and gasoline prices above $4 per gallon have
cut U.S. car sales. Those who are buying are picking more
fuel-efficient models.
General Motors Corp. and Ford Motor Co. already have announced
cuts due to the latest market downturn. Chrysler announced cuts in
November, but analysts have said the company needs to do more.
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