Just Rumor(s) Today in Detroit
– Chrysler 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?
You still have not learned, have you? I am automotive and my information comes from upper and middle management. I do not appreciate your remarks. Many people have complained about your asinine remarks and your gibberish. I trashed your comment. If you come back and continue with your attitude, I will toss you into spam.
I just checked the Detroit News Auto section and their is no mention of a sale of the autos division at Chriysler Fiat to the chinese. The phase out of the two lines is well known and one can expect the smaller vehicles to be build on a common base between Fiat and Chrysler (as other automakers do). Searching for such news there were a number of stories about 6-10 month ago but nothing since. Of course the company makes little money on cars (as do all US car companies) (compared to trucks)
You probably would not read it there. This was from other automotive people, one being a Pres for a smaller company. Just people I work with and call upon from time to time.