Chrysler may cut output amid truck sales fall

Deals

Chrysler LLC may cut production further amid a steep drop in truck sales, according to a report.

According to a Wall Street Journal online citing an interview with Chief Executive Robert Nardelli on the sidelines of the Journal's “Deals and DealMakers” conference, Chrysler “may have to go back and resize” production again after May US sales fell 25% from the year before due to a drop in sales of Dodge Ram pick ups.

Cerberus Capital Management LP last August bought an 80.1% stake in Chrysler from former parent Daimler in a $7.4 billion deal. (Reuters)

ADVERTISEMENT

Hungary Cattle Stock Edges Down 2% in a Year Figures

Hungary Cattle Stock Edges Down 2% in a Year

Parliament Negates Mandatory Membership in MOK Parliament

Parliament Negates Mandatory Membership in MOK

Regional Cloud Sales Growth Expected in Coming Years Innovation

Regional Cloud Sales Growth Expected in Coming Years

Meet the Expat CEO of the Year Nominees Awards

Meet the Expat CEO of the Year Nominees

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.