defunct, again.
The L.A. Times reported today : " Chrysler (note: NO "Deadler"!) said
Tuesday that it had pulled the plug on planned production of what would
have been its largest and heaviest luxury car because of expected
increases in U.S. fuel efficiency standards".
"Officials said that the decision to scrap a production version of the
Imperial--shown at the 2006 North American International Auto Show
in Detroit--was made during the past two weeks".
David Eishoff, Chrysler's Auburn Hills spokesman, in the article, states
that legislation passed, to create a Corp av. Fuel econ. standard of
35mpg prompted the decision to halt the production plans----the decision
was apparently NOT made on being able to SELL the car.-------my
comments.
In an article, of 7/12, The Times business section mini-article
headlined that : "
Cerberus [CHRY'S new owner] chief won't sell Chrysler".
"The chairman of the private equity firm that is buying Chrysler said it
would fix and keep the troubled automaker and had no plans to sell it."
"Former Treasury secretary [!!] John W. Snow [remember his name!] , who
is Chairman of Cerberus Capital Management , said the U.S.
auto industry is poised for a turnaround."
Deadler will still own 19.9% of chrysler.
Don't know when "The Liberation" (gotta get used to saying THAT,
instead of "The Sell-Out to Deadler" will take effect, though.
Neil Vedder
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