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Yup and they are getting rid of the Escort, Cougar, Lincoln Continental and Mercury Villager.

RIP Escort...we loved ya. (mine's 180,000 miles and counting.)
 

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According to rumors I've heard DC's cost cutting hasn't gone anywhere near far enough and they'll have to take measures along the line's of Ford's.

Also, the last I heard Chrysler division was in the hole a couple billion bucks.
 
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