OT, then Plant Shutdowns = Waste
We read this morning in the WSJ about how Chrysler had the largest per-vehicle incentives ($4000) in the industry. It really seems like the inventory problem was terribly out of control, their overproduction, as I blogged about before. They were running OT (while inventory piled up), now they’re doing extra shutdowns (as referenced in the article linked to above and here). That just adds cost, cost, and more cost. Such waste.
Here’s another take from the Truth About Cars blog, getting more into the “sales bank” and other questionable practices.