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)

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