Why Fiat Chrysler Automobiles Is Idling 4 Factories
Fiat Chrysler Automobiles (NYSE: FCAU) said that its U.S. sales fell 2.3% in the fourth quarter from a year ago, as good demand for its Ram pickups wasn't enough to offset slumps across much of the remainder of its product portfolio.
Following the results, FCA announced plans to idle four of its North American factories temporarily, to give its dealers time to reduce inventories of key models that have swelled as sales have slowed.
For the full year, FCA's U.S. sales were down 1.4% from a year ago.
Source Fool.com
