Manufacturing's Winner And Loser: Growing Orders For Tesla; Dropping Sales For Fiat Chrysler

Both from the auto industry, this week's winner has seen unprecedented numbers in its orders for electric cars; this week's loser is looking at layoffs in the wake of tumbling sales.

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Both from the auto industry, this week's winner has seen unprecedented numbers in its orders for electric cars; this week's loser is looking at layoffs in the wake of tumbling sales.

Winner

Tesla unveiled the Model 3 on March 31, and since then orders have been gaining rapid traction. In just one week, orders hit 325,000 for the lower-priced model — and that number continues to grow.

The cars, which aren't scheduled to go on sale until later in 2017, require a $1,000 refundable deposit to place an order. They start at $35,000, less than half as much as Tesla's previous models. The cars have a range of 215 miles per charge. 

In comparison, Tesla has sold 110,000 electric cars since 2008 when it began. It appears as though the Model 3 is truly on its way to becoming the mass-market electric car CEO Elon Musk hoped it would be

Loser

On the other end of the automotive spectrum, Fiat Chrysler announced this week the layoffs of 1,300 employees at it's Sterling Heights, Michigan, plant. 

Dropping sales of the company's Chrysler 200, down by 61 percent through March, said the layoffs would be indefinite and second shift workers at the plant would be furloughed beginning July 5. 

The Chrysler 200 faced a number of poor reviews, including from Consumer Reports magazine and even Fiat Chrysler CEO Sergio Marchionne himself, criticizing the handling, power and a bad rear-door design. 

This is the company's first indefinite layoff since 2009 following the Great Recession. The second shift workers, who were on temporary layoff since February 1 this year, will return Monday and work through to the July 5 date.

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