Chrysler leaving?

Maybe this is true or maybe it's spin -- either way it's not good news. The problem is there is a vast oversupply of automobiles and there is not now nor is there likely to be any time soon a need for the full levels of production possible; so some plants somewhere have to close.

Chrysler already working behind the scenes to pull out of Canada: sources


TORONTO — Sources familiar with Chrysler's plans say the automaker has already begun work behind the scenes to pull its operations out of Canada if it can't reach an agreement with the Canadian Auto Workers by the end of the month.

Chrysler Canada has said it needs to cut its labour costs by approximately $20 an hour to be competitive with foreign automakers such as Toyota.

Currently, the company estimates its all-in hourly labour costs - which include wages, benefits and legacy costs such as pensions - to be approximately $76. To be competitive with Toyota plants operating in Canada, it says it needs to reduce those costs to $57 an hour.