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U.S. markets recover from steep losses
AUBURN HILLS, Mich., Aug. 25 (UPI) -- Falling sales and rising inventories have prompted DaimlerChrysler AG's Chrysler Group, based in Michigan, to cut fourth-quarter vehicle output.
Specifically, Chrysler will reduce production of Dodge Durango SUVs and Ram pickups, the Detroit News said.
Most cuts will be at the Newark, Del., Durango plant of the No. 3 U.S. carmaker, the newspaper said Thursday.
"We're adjusting production in the fourth quarter from bigger vehicles to smaller vehicles," said Chrysler Chief Executive Officer Tom LaSorda said.
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