Big Three to Cut Pickup Production in Jan: WSJ
The big three automakers plan to curtail production of full-size pickups for several weeks as economic worries hit sales of their most profitable products, the Wall Street Journal reported.
Chrysler will halt production at two plants right before Christmas and extend the shutdown through all of January, people familiar with the plans told the newspaper. A third plant in Mexico will shut down for the first two weeks of January, it added.
General Motors said earlier this week it will take three of its pickup-truck plants down for two weeks in January. Ford said its truck plants would likely be targeted for cutbacks but declined to elaborate on specific plans for January.
U.S. sales of full-size pickup trucks fell 8.3 percent in November from a year earlier.
-- CNBC.com contributed to this report