By Brandon Matthews
In a surprise announcement from Chrysler Group today that may have contributed to Sirius XM ‘s (SIRI) late day rally, Chrysler announced that it will restart production at not one, not two, but SEVEN of its North American auto plants the week of June 29th.
An idle Chrysler has meant an idle Sirius XM. Sirius equipped Chryslers are paid for at the time of manufacture, rather than sale. Idle plants mean idle promotional subscriber growth. With Chrysler back on-line to a normal production schedule, installations of Satellite Radios will again be back on track.
Chrysler will shut down for retooling as it does each summer for two weeks, yet this is normal in the course of business and is expected by forecast models. Dow Jones Newswires reports:
Plants returning to production include the Sterling Heights Assembly Plant – home to the Sebring and Dodge Avenger; the Warren Truck Assembly – home to the Dodge Ram and Dodge Dakota pickups; the St. Louis North Assembly Plant – home to the Dodge Ram; and Toledo Supplier Park – home to the Jeep Wrangler and Jeep Wrangler Unlimited.Outside the U.S. is the Brampton, Ontario, plant – home to the Chrysler 300, Dodge Charger and Challenger; the Windsor, Ontario, Assembly Plant – home to the Chrysler Town & Country and Dodge Grand Caravan; and the Toluca, Mexico, Assembly Plant – home to the Dodge Journey and Chrysler PT Cruiser.
Brandon, now why dont you post something like this on Seeking alpha / you would of avoided alot of crucifying from the readers there especially after the report of the Russell3000 knocking off Sirius Stock.
You are a good writer
@jmsithy
I am going to defense Brandon on this one, as unusual as that may or may not be, but I do not believe that Brandon has control of what Seeking Alpha posts…
My understanding, and I could be wrong, is that Seeking Alpha posts what they want, and eventually this article may be posted there.
jmsmithy
Shark is correct. Brandon has no control what articles Seeking Alpha posts. If they choose not to pick up this positive article…we will know where they stand…They also change the title of Brandons articles…Do not be suprised if it is posted with a different title.
Now if we can cancel contracts with UAW, we can get somewhere. Otherwise a fake bankruptcy. Also, I would like to declare BK and get rid off all my debts and keep my money. Where do I go?
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Fake bankruptcies, fake car companies, fake banks, all make me ill. REAL bankruptcies start soon, minus 100′s billions of taxpayers money.—STUPID STUPID STUPID