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Bankruptcy will delay Chrysler’s ’10 launches, exec says

Posted Tuesday, May 5, 2009, 11:29 am in Employee News

Chrysler LLC will be late getting its 2010 vehicles to market because of the automaker’s Chapter 11 bankruptcy filing, Chrysler manufacturing chief Frank Ewasyshyn testified today, the Automotive News reported.

Ewasyshyn said the current shutdown of plants and stresses on suppliers also threaten to delay the 2011 models next year, according to the Automotive News. The changeover to 2010 models is delayed while Chrysler tries to emerge from bankruptcy within the next 30 to 60 days, he said.

Ewasyshyn did not give more specific details about the duration of the expected delays, the trade publication said. Once Chrysler returns to production, planned as an alliance with Fiat S.p.A., the new company will have to finish assembling the many vehicles, engines and parts now partially built in Chrysler factories, Ewasyshyn said and the story reported. (Automotive News)
 
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