CHRYSLER WON'T RULE OUT MORE PLANT CLOSINGS

CHRYSLER WON'T RULE OUT MORE PLANT CLOSINGS

Chrysler Corp., fighting to remain profitable in a weak domestic auto market, will not rule out closing more assembly plants, although it has no immediate

plans to do so, Gerald Greenwald, Chrysler vice chairman, said.

"We're in a tough and dynamic business. I'd like to say there will never be another plant closing in the Chrysler system, but I just don't know," Mr. Greenwald said."The market's going to tell us that."

The company has already idled one Michigan car plant this year and plans to close another facility in Missouri in the fall.

"We're continuing to look at the market," Mr. Greenwald said.

Mr. Greenwald said, however, that the capacity problem is not permanent and pointed to Europe as an example of an auto market that successfully overcame a similar problem.

"They're using all their car capacity and every car manufacturer in Europe is making money," he said.