While Hyundai cancels plans for a Kia pickup and Toyota delays launch of its U.S. Crossover plant, Chrysler has killed plans to produce a next-generation version of Dodge Journey SUV in 2009. Instead, Chrysler will use the money to design a new compact car that will be built by Nissan.
According to James Press, Co-President of Chrysler, the move represents a push to produce more fuel-efficient cars and eliminate overlapping between brands.
“Resources have been deployed to basically...
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