Auburn Hills, Michigan – Chrysler LLC has announced that all of its manufacturing plants will be idled at the end of the shift on Friday, December 19, with employees not scheduled to return to work any sooner than January 19, 2009.

The company said that at a recent meeting, Chrysler dealers have confirmed that they have willing buyers for vehicles, but are unable to close the deals due to lack of financing. An estimated 20 to 25 per cent of dealer volume has been lost due to the credit situation.

Chrysler said that it will continue to monitor production schedules at its plants into the future.

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