SUBSCRIBE to Capitol Fax      Advertise Here      Mobile Version     Exclusive Subscriber Content     Updated Posts    Contact
CapitolFax.com
To subscribe to Capitol Fax, click here.
Today’s numbers are a bummer

Tuesday, Mar 4, 2014

* AP

Poor sales of the new Dodge Dart have pushed Chrysler to temporarily lay off 325 employees at the Belvidere assembly plant that produces the compact sedans in northern Illinois.

Chrysler Group LLC confirmed the layoffs Monday, hours after releasing February sales figures showing a 37 percent decline for the Dart, the Rockford Register Star reported. The layoffs will last through the rest of the week and affect employees on all of the plant’s three shifts.

Overall sales for the company rose 11 percent last month from February of last year, but the Dart has failed to keep up with long-established competitors in the compact sedan market since its debut in 2012.

In a written statement, Chrysler said the layoffs were necessary to “to balance vehicle supply with current sales demand.”

- Posted by Rich Miller        


23 Comments
  1. - dupage dan - Tuesday, Mar 4, 14 @ 11:47 am:

    Bring back the slant 6! Push button transmissions!


  2. - Plutocrat03 - Tuesday, Mar 4, 14 @ 11:49 am:

    The worker’s suffer when the boys in Italy decide to build a car to their tastes, but apparently not to American ones…


  3. - RNUG - Tuesday, Mar 4, 14 @ 11:51 am:

    Today Chrysler announced it would be more profitable to lay off workers than spend money on advertising and rebates to push sales of their flagging Dodge Dart model.


  4. - wordslinger - Tuesday, Mar 4, 14 @ 11:53 am:

    I have peeps who work at the plant. They’d rather be making Rams then Darts. Trucks are where the money’s at these days.


  5. - PolPal56 - Tuesday, Mar 4, 14 @ 11:57 am:

    Man, my first car was a 1972 avocado green Dodge Dart and I LOVED that car.


  6. - RonOglesby - Tuesday, Mar 4, 14 @ 11:59 am:

    “Trucks are where the money’s at these days. ”

    Yup. for sure.


  7. - A guy... - Tuesday, Mar 4, 14 @ 12:13 pm:

    Bring back the Omni to Belvidere…and trucks.


  8. - titan - Tuesday, Mar 4, 14 @ 12:15 pm:

    Chrysler has had longstanding issues with quality control and crafting fully modern cars. Fiat died off in the USA years back amid rampant quality control issues.

    The Dart’s segment is full of highly competent, very reliable, fully modern cars. Chrysler/Fiat are in a tough fight here, and it could go either way.


  9. - Judgment Day - Tuesday, Mar 4, 14 @ 12:17 pm:

    From CNBC:

    “A combination of higher prices for new cars and relatively low rates for auto loans means Americans are borrowing a record amount to pay for their new rides.

    According to Experian Automotive, which tracks millions of auto loans written each quarter, the average amount borrowed by car buyers last quarter climbed above $27,000 for the first time ever.

    according to Experian, the average auto loan in fourth quarter 2013 was $27,430—an increase of $739 compared with the same period of 2012. The average used car loan was $345 higher, coming in at $17,974.

    Those (Buyers) with non-prime credit ratings—or credit scores between 620 and 679—had the highest average auto loan. For these borrowers, the average new car loan rose more than $1,500, to a new high of $29,385.

    Not surprisingly, those (buyers) with subprime credit ratings—credit scores between 550 and 619—had the highest average monthly payment, of $499.”

    More…..

    “The payments are rising despite an increasing number of car buyers opting to stretch their loans over six or seven years. According to Experian, a record 20 percent of all new car auto loans in the fourth quarter were more than six years in length.

    J.D. Power said last week that February was on track to have one-third of new car auto loans last at least six years.”
    ——

    New car sales are on a downward trend. The numbers tell the story - new cars are increasingly unaffordable. And much of the ‘unaffordability factor’ is because other costs for potential buyers are rising.

    The Federal Reserve keeps printing money and creating more financial bubbles, these types of minor ’side effects’ are going to keep happening.


  10. - Union Man - Tuesday, Mar 4, 14 @ 12:26 pm:

    They’re just an ugly little car. Who would by one?


  11. - fed up - Tuesday, Mar 4, 14 @ 1:06 pm:

    HMM no Pat Quinn on Hand taking credit for this but, he was there 2 years ago when they were hiring. Interesting he wants credit for the good but distance for the bad real leadership.


  12. - Arthur Andersen - Tuesday, Mar 4, 14 @ 1:18 pm:

    Fed up, C’mon man. I am no fan of PQ but he can’t be blamed for the bad weather pushing buyers toward SUVs (Jeep up 47%) or that the Dart is not competitive in its segment. Ironically, the hot-selling new Jeep Cherokee and the Dart share a Fiat chassis.


  13. - Arizona Bob - Tuesday, Mar 4, 14 @ 1:47 pm:

    I used to buy all Chrysler products until about 6 years ago, when they started having their transmission and electrical controls crap out at about 90,000 miles. Since then I’ve bought Lexus ES 330s (2006), and RX350 (2008) and Toyota Sienna(2009) and another Lexus Sedan (2010). Each one has performed better than any Chrysler I’ve ever owned and bought new (I bought the Lexus and Sienna Certified Pre-owned), even at over 100,000 miles on the 2006.

    Maybe it’s the fallout of more of the vehicle costs going to employee retiree pensions and healthcare instead of making better vehicles, but the Chryslers just aren’t worth it anymore.

    I didn’t leave them. They left me.


  14. - iThink - Tuesday, Mar 4, 14 @ 2:01 pm:

    “a record 20 percent of all new car auto loans in the fourth quarter were more than six years in length.”

    As more and more people slip out of the middle class they are using debt to try and maintain a middle class lifestyle. The banks make a ton, the investor class makes a ton (Rauner), the rest of us slide into the poor house.


  15. - fed up - Tuesday, Mar 4, 14 @ 2:18 pm:

    Arthur Andersen,

    Not blaming Quinn for the car, just pointing out he was there in good times but not bad. He liked the photo op and the over inflated jobs claim in feb 2012, but is silent today.


  16. - Rod - Tuesday, Mar 4, 14 @ 2:20 pm:

    Its really sad that the Belvidere assembly plant got stuck with the new Dart, which is really slow car. Here is one very ugly commentary from a Dart owner:

    “There are not enough characters allowed on this to describe my distain for this vehicle. Engine malfunction light came on in 200 miles. It is a faulting oil pressure sensor, they replaced and the light is still coming on. They are waiting for a software update that they “hope” will fix the problem. Computer sometimes prohibits the car from accelerating over 4000 rpms. No fix. They don’t know what is wrong. Again hope for a software fix. This is a real safety concern to me. In cold weather the battery light dings and flashes on the dash annoyingly, again they hope a software updated can fix it.. We are now going through the lemon law process. I refuse to pay over $18k for a broken new car.”

    I think it is still making the Jeep Patriot and Compass at Belvidere which have had strong sales because they are so cheap and still have the standard warranty. There are rumors these two cheap Jeeps will be phased out.


  17. - davidh - Tuesday, Mar 4, 14 @ 3:23 pm:

    “New car sales are on a downward trend”

    Sorry, demonstrably false: “Based on an AutoData estimate, light vehicle sales were at a 15.34 million SAAR in February. That is up slightly from February 2013, and up 1.8% from the sales rate last month.” Read more at http://www.calculatedriskblog.com/#lo7Ox5KLgpDkPcAY.99

    Please don’t make stuff up.


  18. - Formerly Known As... - Tuesday, Mar 4, 14 @ 3:30 pm:

    Chicago police have also been having trouble with some of their recently purchased Chrysler vehicles.


  19. - wordslinger - Tuesday, Mar 4, 14 @ 3:56 pm:

    U.S. auto sales are at a six-year high.

    I’m with AA: I’d buy new shoes before I’d ever drive a Dart. I ain’t blaming that dog on Quinn. They’re trying to grab the Ford Focus market, and it ain’t working.

    But he gets points for keeping that Belvidere plant humming. And the Ford plant on the South Side, too.

    I’m not a fan of corporate welfare, but those are real jobs that put bread on the table.

    In Belvidere, hopefully, they’ll retool for Rams or mini-vans, which is Chryslers bread-and-butter.

    Or Chargers. How about a retro Charger? I’d buy one.

    http://www.reuters.com/article/2014/01/03/us-autos-sales-usa-idUSBREA020ER20140103


  20. - What is to bo done? - Tuesday, Mar 4, 14 @ 4:28 pm:

    I used to have a Dart, quality in every part, baby that’s a Dodge.


  21. - Linebacker II - Tuesday, Mar 4, 14 @ 5:25 pm:

    The Dodge Dart is a crappy car, as are most Chrysler products. Wish Illinois had a Honda plant instead.


  22. - wordslinger - Tuesday, Mar 4, 14 @ 5:40 pm:

    –The Dodge Dart is a crappy car, as are most Chrysler products. Wish Illinois had a Honda plant instead.-

    Meh, the Dart’s a loser, but you’re an anti-UAW and anti-American fool.

    Got no use for you, here, cousin, among us Yankees in the Midwest. You know, the people who have been carrying your load since 1789.

    Go back to Dixie and let the foreign car makers hose you. I guess you like it that way.


  23. - VanillaMan - Tuesday, Mar 4, 14 @ 6:43 pm:

    It is too soon to call it a loser. It was forced to compete against another Dodge product and after the Avenger is gone, the Dart sales will be fine.


Sorry, comments for this post are now closed.


* Reader comments closed for the weekend
* CUB Poll: 84% Oppose Exelon Bailout - Solar Poll: 81% Oppose Demand Charges
* SUBSCRIBERS ONLY - New cable TV buys and fundraiser calendar
* Question of the day
* *** UPDATED x1 - Friends of the Parks responds *** Lucas pulls plug on museum
* "Dead. Yes, dead."
* Radogno shares some deets on stopgap, blames Chicago for holdup
* Maybe this will convince Democrats to cut a deal?
* Nobody's right if everybody's wrong
* Another way Chicago is behind the times
* More on that Cullerton meeting
* Creating a workaround for new CPS debt?
* Settlement talks in Duckworth case "initiated by the judge"
* Hostage dies
* Close on 6-month stopgap, not there yet on K-12
* Yesterday's blog posts

Support CapitolFax.com
Visit our advertisers...

...............

...............

...............

...............

...............


Search This Blog...

Search the 98th General Assembly By Bill Number
(example: HB0001)

Search the 98th General Assembly By Keyword

  
* Okay, we’ve seen this vivo X7 Plus before…
* Windows 10 Mobile also headed for AT&T Lumia 1520
* Google Support app may let Nexuses screen-share for assistance
* Nexus 5X discounts keep on, dollar by dollar
* BlackBerry might unveil its two mid-range smartphones next month
* Some Users Experiencing Issues With App Store and iTunes Store
* Live-streaming is where YouTube is going next

* Hahn hopes White Sox positioned as buyers
* Minor leg soreness keeps Abreu out of lineup
* Surgery a possibility for reliever Putnam
* Following up: James Shields takes advantage of room for improvement
* Hawkins, Stephens among top prospect performers Thursday
* 2016 Draft: Signing and bonus tracker
* Hit in 57 games, win $5.6 million

...............


Main Menu
Home
Illinois
YouTube
Pundit rankings
Obama
Subscriber Content
Durbin
Burris
Blagojevich Trial
Advertising
Updated Posts
Polls

Archives
June 2016
May 2016
April 2016
March 2016
February 2016
January 2016
December 2015
November 2015
October 2015
September 2015
August 2015
July 2015
June 2015
May 2015
April 2015
March 2015
February 2015
January 2015
December 2014
November 2014
October 2014
September 2014
August 2014
July 2014
June 2014
May 2014
April 2014
March 2014
February 2014
January 2014
December 2013
November 2013
October 2013
September 2013
August 2013
July 2013
June 2013
May 2013
April 2013
March 2013
February 2013
January 2013
December 2012
November 2012
October 2012
September 2012
August 2012
July 2012
June 2012
May 2012
April 2012
March 2012
February 2012
January 2012
December 2011
November 2011
October 2011
September 2011
August 2011
July 2011
June 2011
May 2011
April 2011
March 2011
February 2011
January 2011
December 2010
November 2010
October 2010
September 2010
August 2010
July 2010
June 2010
May 2010
April 2010
March 2010
February 2010
January 2010
December 2009
November 2009
October 2009
September 2009
August 2009
July 2009
June 2009
May 2009
April 2009
March 2009
February 2009
January 2009
December 2008
November 2008
October 2008
September 2008
August 2008
July 2008
June 2008
May 2008
April 2008
March 2008
February 2008
January 2008
December 2007
November 2007
October 2007
September 2007
August 2007
July 2007
June 2007
May 2007
April 2007
March 2007
February 2007
January 2007
December 2006
November 2006
October 2006
September 2006
August 2006
July 2006
June 2006
May 2006
April 2006
March 2006
February 2006
January 2006
December 2005
April 2005
March 2005
February 2005
January 2005
December 2004
November 2004
October 2004

Blog*Spot Archives
November 2005
October 2005
September 2005
August 2005
July 2005
June 2005
May 2005

Syndication

RSS Feed 2.0
Comments RSS 2.0
WordPress

Loading


* Gov. Bruce Rauner: No stopgap budget without ed.....
* One last obstacle for the Independent Map Amend.....
* State treasurer wants Rauner to sign insurance .....
* Summer lunch funding cut for low-income students..
* Southland road projects could be halted by budg.....
* Bradley donates to help feed children..
* State treasurer wants Rauner to sign insurance .....
* Rauner Visits Peoria, Talks Reforms and Busines.....
* 9 tornadoes now confirmed striking Illinois - W.....
* Redistricting reform won’t save Illinois..


* US Rep. Duckworth settles workplace retaliation lawsuit
* Chicago police arrest teen in slaying of city dispatcher
* Lucas abandons plan to build museum in Chicago after lawsuit
* Illinois women hit hard by state budget impasse
* 17 calves die when semi overturns on Illinois interstate
* Illinois windfall from license plate late fees exceeds $5M
* Illinois to get $17 million for HIV assistance programs
* Dick Van Dyke visits Illinois hometown, starting foundation
* EXCHANGE: Toddler has right stuff to become sensation
* 'West Wing chicken' dish wins Peoria girl White House trip

* Illinois women hit hard by state budget impasse
* Survey: Nearly 1 million human service clients affected by budget impasse
* Illinois lawmakers to reconvene Wednesday as budget deadline nears
* Illinois State Museum given path to accreditation
* Illinois insurance co-op sues feds over health law payments
* Gun bill at Illinois Capitol gets support from Rifle Association
* Budget standoff forces layoffs at Illinois child aid group
* Rochester dipping into reserves to fund next school year
* Chicago-to-Moline passenger rail project resurrected
* Mental health provider closing due to no Illinois budget

* Redistricting reform won't save Illinois
* Here are the Illinois stocks hammered—and helped—by Brexit vote
* Sanders says he'll vote for Clinton
* Illinois more than doubles its take in license plate late fees
* How the Dump Trump push could lead the GOP back to Scott Walker


* Juvenile charged in fatal shooting just two blocks from CPD HQ
* Police: Man shot dead in Back of the Yards
* Letters: Consult faculty when picking leaders for City Colleges
* Chicago’s sweet Oreos sour with corporate greed
* Editorial: Ugly parking lot victorious over Lucas Museum
* State’s windfall from license plate late fees passes $5 million
* Collision closes Harlem and Dempster in Morton Grove
* Blackhawks trade Andrew Shaw to Montreal for two picks
* White Sox notes: GM Hahn hopes Sox are buyers at trade deadline
* Activists to MacArthur Foundation: Give back to Chicago


* Old East Aurora High School stadium to get rousing farewell party
* Can Bulls fans trust a plan executed by GM so many find hard to believe?
* 16-year-old boy arrested in killing of 311 Center worker
* Willson Contreras hits 3rd HR, Cubs-Marlins tied at 4 in 7th
* Brexit vote sends a message to politicians everywhere: It can happen here
* An 'innovative' way to make golf cheaper, faster and more fun
* Police: Shooting victims wounded in head, back on South Side
* Dallas Mavericks happy Purdue's A.J. Hammons dropped in the NBA draft
* An existential crisis for an integrated Europe after Brexit vote
* McHenry husband charged with murder to dispatcher, 'I killed her': officials


* Dr. Rebecca Green: When will the gun madness end?
* Charles Krauthammer: Clinton offers empty rhetoric
* Illinois women hit hard by state budget impasse
* Patrick M. Twomey: Don't let schools be pawns in budget battle
* Survey: Nearly 1 million human service clients affected by budget impasse
* Illinois lawmakers to reconvene Wednesday as budget deadline nears
* Illinois State Museum given path to accreditation
* Illinois insurance co-op sues feds over health law payments
* Gun bill at Illinois Capitol gets support from Rifle Association
* Budget standoff forces layoffs at Illinois child aid group


* (No heading)
* PODCAST: Sports Talk 06-24-16
* Man sentenced to probation in cocaine case
* Hello, new budget year
* Three adults, teen arrested in meth case in Rantoul
* Fairmount man charged with aggravated DUI in fatal crash
* UPDATE: Champaign man guilty of murder from last summer
* UPDATED: Woman ticketed in I-74 crash
* Teen who lied in plot against mom sentenced to probation
* Hanna City animal shelter celebrates 500 adoptions


* Chicago Blackhawks trade Shaw to Canadiens
* Olympic qualifying: Plenty to cheer about as Illinois' best compete at swimming trials
* Bartlett High School getting new scoreboard, field
* DuPage forest district delays sale of horses to Schaumburg Park District
* Elgin police get 2.5 percent raise after quick negotiations

* House lawmakers overcome hurdle on key tra...
* Rodney Davis talks funding with Bloomingto...
* The agency that fought Illiana gets a new ...
* Rep. Dold takes educational cruise down Ch...
* Lawmakers decry high turnover rate of VA h...
* CBD Oil, and politics
* Simon considering state Senate bid
* Killer Congressman Tom MacArthur trying to...
* Shutdown? State may not notice
* Rep. Bob Dold

* Illinois to get $17 million for HIV assist......
* Illinois To Get $17 Million For HIV Assist......

* Workplace retaliation suit against Tammy D......
* Workplace retaliation suit against Tammy D......
* Workplace retaliation suit against Tammy D......
* Workplace retaliation suit against Tammy D......
* Workplace retaliation suit against Tammy D......

* Ridesharing
* The PI Week In Review
* Illinois Immigration Reform Advocates Vow To Press On After Supreme Court's Split Vote On Executive Orders (VIDEO)
* Pentagon To Lift Ban On Transgender Service Members On July 1
* Cartoon of the Day - 6/23/16 Guns in Chicago
* Kirk Touts His Anti-Trump Stance In New TV Ad (VIDEO)
* Cartoon Of The Day
* Can ‘Miss Obamacare’ Save Health Care? Enrolling Latinos Is Critical
* Cartoon of the Day - 6/24/16 Rauner impact of cuts to social services
* Detailed Stewart School Conversion Plans Surface With 64 Residential Units


* Emergency Management Officials, National Weather Service Encourage Winter Preparedness - November is Winter Weather Preparedness Month in Illinois
* Keep Your Family Safe This Winter - November through February are leading months for carbon monoxide related incidents
* Governor Takes Bill Action
* Illinois Department of Labor Director Hugo Chaviano Awards Governor’s Award for Contributions in Health and Safety to the Illinois Refining Division of Marathon Petroleum Company LP
* State Regulator Elected Treasurer of Interstate Medical Licensure Compact




Hosted by MCS -- CapitolFax.com Privacy Policy -- SUBSCRIBE to Capitol Fax -- Advertise Here -- Mobile Version -- Contact Rich Miller