Manufacturing Ford, FCA, Chrysler

[HotHareSpey]

Ford and Chrysler consolidating and cutting factory jobs. FCA makes a merger and at appears to be keeping American interests

Automakers cut jobs, closed factories to save billions in 2019 — CNBC

Automakers took the lessons they learned from the Great Recession to proactively restructure operations this year while profits were robust and vehicle sales, while slowing, remained healthy.

apple.news

 

[SD Rebel]

A few reasons I see, the big one is being proactive and trying to prevent over-production in a shrinking global market. Also because Ford and GM both had small and mid-sized car that sold well a few years ago, but with the recent market switching towards crossovers, they have had to make changes.

The difference is that FCA in North America has not had any high-volume cars that sold in competitive numbers in recent years, even their popular Charger/Challenger cars are running on old platforms and sell in a nitche small market.

Jeep and RAM is by far their volume and profit makers, but even though you can only get so much out of them. The possible mid-size RAM and all new Grand Cherokee and Wagoneer will help improve that further. But Dodge and Chrysler don't have much going on right now. With future PSA small car and crossover platforms becoming available, hopefully that will change.