With Fiat-based replacements still at least two years away, the Chrysler Group has delayed plans to kill its slow-selling Chrysler Sebring and Dodge Avenger, sources say.
The two sedans were all but left for dead by previous owner Cerberus Capital Management. Now insiders say Chrysler intends to freshen the cars and keep them on the market until late 2012.
Under Cerberus Capital Management, Chrysler had planned to close, at the end of 2010, the factory in Sterling Heights, Michigan, where the cars are built. Sources say the shutdown could be delayed by up to two years, but the sedans could be shifted to another Chrysler plant.
Chrysler's board met Friday, Sept. 25, to approve a five-year product plan, but the company won't disclose details until November.
Under Cerberus, Chrysler had not planned a midcycle face-lift of the Avenger or Sebring. Now the Sebring is expected to get an extensive face-lift in 2011. A revamped Avenger could arrive even sooner because it is expected to undergo fewer changes.