Jan. 14 (Bloomberg) -- Chrysler LLC, pruning its lineup to save money, will stop building the PT Cruiser this year and is seeking buyers for the equipment used to make the model, President Tom LaSorda said.
Production “ends this summer,” LaSorda said today in a telephone interview. “Would we sell those assets? Yes. Do we have any offers to sell those assets? No. Would we be pursuing a buyer? Yes.”
The PT Cruiser, with a rounded body to mimic 1930s-style station wagons, would be the seventh model to be canceled since Cerberus Capital Management LP bought Chrysler in August 2007. The third-largest U.S. automaker is using $4 billion in federal loans to stay in business while reshaping operations to end losses.
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