Chrysler to Increase Production Capacity
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Chrysler to Increase Production Capacity
January 06, 2006
Reuters
DETROIT — DaimlerChrysler AG's (DCX) Chrysler Group is planning to increase its annual production capacity by as much as 43 percent by next year, a spokesman said Friday.
The move is in contrast to General Motors Corp. (GM) and Ford Motor Co. (F), who are in the midst of restructuring plans designed to cut their North American production capacity.
Chrysler won't build new plants or hire more workers, spokesman David Elshoff said. But it is upgrading existing facilities so they are capable of producing more vehicles and can shift between different types of vehicles.
The third-biggest U.S. automaker expects to have annual production capacity of 3.5 million to 4 million vehicles by 2007, Elshoff said. Chrysler's total production in 2005 was 2.8 million vehicles. Actual production will depend on market demand, Elshoff said.
The upgrade will cost several billion dollars. Chrysler recently announced plans to invest $1 billion in two plants near St. Louis and recently completed a $419 million renovation of a plant in Belvidere, Ill., that builds the Dodge Caliber, the replacement for the Dodge Neon.
Source: http://www.foxnews.com/story/0,2933,180878,00.html
Reuters
DETROIT — DaimlerChrysler AG's (DCX) Chrysler Group is planning to increase its annual production capacity by as much as 43 percent by next year, a spokesman said Friday.
The move is in contrast to General Motors Corp. (GM) and Ford Motor Co. (F), who are in the midst of restructuring plans designed to cut their North American production capacity.
Chrysler won't build new plants or hire more workers, spokesman David Elshoff said. But it is upgrading existing facilities so they are capable of producing more vehicles and can shift between different types of vehicles.
The third-biggest U.S. automaker expects to have annual production capacity of 3.5 million to 4 million vehicles by 2007, Elshoff said. Chrysler's total production in 2005 was 2.8 million vehicles. Actual production will depend on market demand, Elshoff said.
The upgrade will cost several billion dollars. Chrysler recently announced plans to invest $1 billion in two plants near St. Louis and recently completed a $419 million renovation of a plant in Belvidere, Ill., that builds the Dodge Caliber, the replacement for the Dodge Neon.
Source: http://www.foxnews.com/story/0,2933,180878,00.html
Chrysler should be much better placed than they are right now, IMHO. They are designing some pretty inspirational cars. Although I'd never own a Ford, I would consider owning a Chrysler... as a second car though!
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