Wednesday, August 26, 2009

Sterling Heights may be leased from New Chrysler

(Bloomberg) -- Chrysler Group LLC, the U.S. automaker Fiat SpA controls, may delay closing the plant that makes its mid-size sedans for at least a year until the company creates new models, people familiar with the situation said.

The factory in Sterling Heights, Michigan, may be leased from Old Carco LLC, Chrysler’s predecessor now in bankruptcy, to keep making the Dodge Avenger and Chrysler Sebring after a production accord ends next year, said three people, who declined to be named because the matter isn’t final.

The potential delay reflects the difficulty the combined company faces in retooling existing factories and making new models. The plant is the only Chrysler site that manufactures - mid-size sedans, and the company hasn’t said whether it will shift production or phase out Avenger and Sebring.
Chrysler Said to Consider Keeping Plant Open for Mid-Size Cars -

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