Big Three to Shutter 59 Plants – Chrysler Forces Dealers to Sell at a Loss
Dec 19th, 2008 | By Don Miller | Category: Financial NewsChrysler LLC stunned its employees and dealers early yesterday (Thursday), announcing it was suspending all manufacturing for at least a month, and tightening wholesale credit terms to dealers. By the end of the day, Chrysler was joined by its two other Big Three brethren – General Motors Corp. (GM) and Ford Motor Co. (F). – which also shuttered factories.