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 support our entry” into the small-car segment rather than building two versions of the Journey, Press said.
Press said that Chrysler is not looking to compete in the SUV segment and will get the numbers of SUV in its lineup by half.
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