will shut its St Louis minivan plant, cutting production of its top-selling vehicle and 2,400 factory jobs in a sign of the automaker's troubles with a market reeling from record gas prices .
The third largest U.S automaker, which relied on sales of trucks (which include minivans) and SUVs for almost 70 percent of its sales, said it expected to post a significant decline in sales in June.
Chrysler's production cuts follow similar steps from larger rivals General Motors Corp (GM.N) and Ford Motor Co (F.N), both of which have cut truck production in response to weaker sales in recent weeks.
Full Story: Chrysler to shut minivan plant as sales slump (Reuters)
The third largest U.S automaker, which relied on sales of trucks (which include minivans) and SUVs for almost 70 percent of its sales, said it expected to post a significant decline in sales in June.
Chrysler's production cuts follow similar steps from larger rivals General Motors Corp (GM.N) and Ford Motor Co (F.N), both of which have cut truck production in response to weaker sales in recent weeks.
Full Story: Chrysler to shut minivan plant as sales slump (Reuters)
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