Chrysler to suspend manufacturing

US car maker to halt production for one month amid slump in sales.

    Unions and politicians failed to agree on terms of a proposed $14bn bailout last week [GALLO/GETTY]

    Ford also said on Tuesday it would shut down 10 of its North American assembly plants for an extra week in January due to poor sales.

    Slumping sales

    US vehicle sales dropped 37 per cent in November amid a worsening economic crisis and General Motors and Chrysler are believed to be on the brink of collapse.

    A proposed $14bn government bailout collapsed in the senate last week after politicians and unions failed to agree on its terms and conditions.

    On Monday, the White House again warned that the US auto industry would have to make "concessions" to win a government bailout.

    Chrysler said it had informed the United Auto Workers union, employees and suppliers about its action.

    The company is privately owned, with 80.1 per cent owned by New York private investment firm Cerberus Capital Management LP.

    SOURCE: Agencies


    YOU MIGHT ALSO LIKE

    Meet the deported nurse aiding asylum seekers at US-Mexico border

    Meet the deported nurse helping refugees at the border

    Francisco 'Panchito' Olachea drives a beat-up ambulance around Nogales, taking care of those trying to get to the US.

    The rise of Pakistan's 'burger' generation

    The rise of Pakistan's 'burger' generation

    How a homegrown burger joint pioneered a food revolution and decades later gave a young, politicised class its identity.

    'We will cut your throats': The anatomy of Greece's lynch mobs

    The brutality of Greece's racist lynch mobs

    With anti-migrant violence hitting a fever pitch, victims ask why Greek authorities have carried out so few arrests.