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Chrysler Group confirms company to continue building retro-style car
By Scott Burgess
Detroit News
Published on Friday, Jul 03, 2009
The Chrysler PT Cruiser should be history.
But the new Chrysler Group LLC has given the retro-styled car a reprieve.
Chrysler Group chief spokesman Gualberto Ranieri confirmed that Chief Executive Sergio Marchionne, who also is chief executive of Fiat SpA, said the company will keep building the PT Cruiser.
Chrysler had announced earlier that it would discontinue the PT Cruisers this summer. Now, the assembly plant in Toluca, Mexico, will keep churn
ing them out.
Jim Hall, an auto analyst at 2953 Analytics in Birmingham, Mich., said continuing the PT Cruiser makes sense, even with its poor overall sales performance.
The company sold 50,910 last year. Sales peaked in 2001 at 144,717.
Analysts said the decision to keep building it was a good one.
''The PT Cruiser is a car that is selling even without marketing,'' Hall said. ''The labor costs are cheap and the tooling is paid off.''
Karl Brauer, editor and chief of the automotive research Web site Edmunds.com, added, ''Every PT Cruiser Chrysler sells . . . is pure profit.''
The car will likely stay in production through 2011, Hall said, until Fiat vehicles are ready for production in North America.
Chrysler planned to end production of the PT Cruiser because redesigning it would cost too much, Hall said. Additionally, retro-themed cars are extremely difficult to redesign.
Brauer said the change of heart came after Chrysler entered bankruptcy and emerged in a partnership with Fiat, which has management control of the company.
''Chrysler is in bridge mode,'' Brauer said. ''Fiat can't do anything immediately, and in the meantime, this car will make Chrysler money.''
The Chrysler PT Cruiser should be history.
Get the full article here.
Comments
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Canton, OH
Posted 07:18 AM, 07/04/2009
Sweet. . .Mine is a '03 Turbo. .It is a head turner. . .
Donde estan las chicas ????
