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Chrysler officially kills the PT Cruiser
1.15.2009
Source:leftlanenews

The Chrysler PT Cruiser was one hot item when it launched back in 2000 – with many dealers selling the retro tall wagon for over sticker price – but the Cruiser has languished without any significant updates in the subsequent years, transforming it from a sales stud to a sales dud. But the pain will soon be over for the PT Cruiser as Chrysler has confirmed it will send the nameplate out to pasture later this year.

The death of the PT Cruiser marks the seventh nameplate axed under Cerberus’ lead. Cerberus-owned Chrysler has already nixed the Dodge Magnum and Durango and the Chrysler PT Cruiser convertible, Aspen, Crossfire and Pacifica. The PT Cruiser will cease production this summer.

However, it remains possible that the once popular model could live on – albeit in foreign markets. Just as Chrysler sold the rights of the previous-generation Sebring to Russia’s GAZ, the Michigan automaker is currently shopping around the rights to produce the PT Cruiser. However, Chrysler vice chairman Tom LaSorda told The Detroit News that Chrysler has “not seen any formal proposal from the Japanese or Koreans or Chinese for buying any assets.”