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Rumour has it Chrysler will announce its worldwide closure on Friday

May 31, 2018
Rumour has it Chrysler will announce its worldwide closure on Friday

“The rumoured demise of the Chrysler nameplate is sad – this is a brand with over 90 years of history,” comments AutoTrader CEO George Mienie.  

“Should this rumour be true, it would come on the back of an announcement in South Africa in October last year, by Fiat Chrysler Automobiles (FCA), when it stated that Chrysler and Dodge vehicles would no longer be available locally” recalls Mienie.

“South Africans who own Chrysler and Dodge vehicles have nothing to fear.  When the announcement was made in October 2017 that the brands would exist South Africa, FCA committed to continue to service and support Chrysler and Dodge vehicles through its franchised dealers. I foresee this commitment continuing.”

The back story:

Many unconfirmed rumors are circulating this week that Sergio Machionne, the CEO of Fiat Chrysler Automobiles (FCA) could announce the closure of one of America’s oldest remaining automakers, Chrysler, when he addresses investors on Friday, June 1 in Balocco, Italy.

According to FCA specialist Larry P. Vellequette, of Automotive News, "a source told a European colleague" that Marchionne could possibly announce the end of the historic brand in his speech to investors.

The Chrysler brand has over 90 years of history in the United States. The FCA conglomerate includes other brands such as Alfa Romeo, Dodge, Fiat, Maserati, and Jeep.

It is also rumored, according to Automotive News, that Marchionne might include detailed plans to pull Fiat out of countries such as the United States and China and re-focus on building vehicles for Europe, Brazil, and emerging markets.