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Business

Chrysler to resume production at seven plants

©

Text by NEWS WIRES

Latest update : 2009-06-18

A week after it sealed a tie-up with Fiat and emerged from bankruptcy protection, US auto giant Chrysler has announced that it will restart production at seven of its North American factories at the end of the month.

AFP - US automaker Chrysler, which emerged from bankruptcy protection a week ago, said Wednesday it would resume production at seven of its North American assembly plants at the end of the month.

The plants -- four in the United States, two in Canada and one in Mexico -- are to begin ramping up production the week of June 29.

"Re-start of production at other Chrysler Group assembly plants will be announced at a later date," said the company, noting that it had resumed production Monday at a Detroit, Michigan-based plant that makes the Dodge Viper sports car.

Chrysler also confirmed that all its plants would be closed during a previously announced two-week summer break in the weeks beginning July 13 and 20.

The new Chrysler emerged from bankruptcy protection on June 20 after just 42 days under a government-supported restructuring in which Italy's Fiat acquired a 20 percent stake in exchange for sharing valuable technology, vehicle platforms and powertrains.

The tie-up is aimed at allowing the Detroit automaker to meet upcoming emissions and fuel economy standards and expand its product offerings.

Date created : 2009-06-18

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