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Chrysler Closing All Auto Plants for a Month, GM Delaying Volt Factory

Dec. 17 (Bloomberg) — Chrysler LLC, awaiting a federal rescue as its cash dwindles, will shut all 30 of its plants for at least a month starting Dec. 19 as unsold cars and trucks pile up at showrooms.

Production won’t resume until Jan. 19 at the earliest, Chrysler said today in a statement. General Motors Corp., also waiting for word on U.S. loans, said a new factory making engines for the Chevrolet Volt electric car is being delayed to conserve cash.

The cutbacks showed how far the automakers are going to save money and prune output as plunging sales threaten their ability to stay in business. Both companies say they may run out of operating funds in just weeks without emergency U.S. aid.

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