Just Rumor(s) Today in Detroit

РChrysler Fiat sold the car division sans Jeep, MiniVan and Trucks to the Chinese. They also closed production on Chrysler 200 and Dodge Dart June of this year. It will be the first time Chrysler/Dodge have not had Cars if this is true. 200 (UF) and Dodge Dart (PF) never did met forecast so it closing down production for these two cars is not a surprise. Overall, cars were not a Chrysler strong suit. Trucks and Jeeps were followed up by MiniVans.

– Yazaki (Tier 1) in Canton Michigan supposedly laid off 150 at Corporate Headquarters which is about a 10% workforce reduction. Yazaki is about $20 billion in size and a Japanese company.

I heard it from pretty good sources; but, one never knows. We will have to see if it is real or not. I wonder if Trump/Congress will intercede for this one?