Update: Chrysler CEO Robert Nardelli has put to rest fears the carmaker’s new midsize global platform - internally known as ‘Project D’ – is taking up too many resources and could be delayed by announcing that several unexpected vehicles and platforms could be unveiled by as early as next year. Nardelli is well aware of […]
Update: Yesterday reports emerged claiming Chrysler was in talks with Tata and Fiat over a deal to sell its Jeep Wrangler SUV in India and other parts of Asia. Latest reports indicate that Chrysler is still in talks with Nissan, and is even considering building a new pickup truck for the Japanese carmaker at a […]
Chase Auto Finance announced today that it will no longer offer leases for Chrysler vehicles, following a similar announcement made on Friday by Chrysler Financial to stop its own leases on August 1. The reason behind the latest decision according to a Chase spokeswoman is because of fears of declining vehicle values.
Chrysler vehicles only represent […]
Detroit’s carmakers announced their expected tough profit and loss statements this week, and now they’re announcing another round of incentives in an effort to help push the bottom line back toward black. General Motors and Chrysler have both released word of their extended incentive programs today, with Chrysler adding some new offers into the mix, […]
Following yesterday’s announcement from Ford that it had lost a staggering $8.7 billion in the second-quarter of the year comes news that Chrysler lost a much less substantial $515 million in the first-quarter. The latest result represents the financials for both Chrysler and its finance arm, and comes in response to comments from former parent […]
While the automotive universe has certainly been shaken at its foundations with a confluence of unfortunate events this year, all is not lost. Cloudy second-quarter and first-half results appear to have a few silver linings as the industry begins to adjust to the new face of the market.
General Motors, no stranger to trouble through the […]
Chrysler has confirmed that it will shed up to 1,000 salaried jobs by the end of September in an effort to reduce costs and streamline its business. Chrysler now joins fellow Detroit carmakers General Motors and Ford, both of which have also announced similar cuts to their salary staff.
Employees were notified about the impending cuts […]
Despite claims at the car’s debut that the run of 6,400 2008 Challenger SRT8s had almost sold out, the truth is that many of them are still available. The problem could be, at least in part, driven by dealer markups, though the general downturn in the U.S. market is also likely playing a […]
Cutting models while adding value to existing mid-range trims could be the new tactic at Chrysler as it fights to regain sales and stability in the turbulent market. The changes are wrapped up in a plan called “Fight Back” that the carmaker is rolling out to parts suppliers this week, and things are set to […]
Hybrids, plug-ins and electric vehicles are the current best bets for the future of the automobile industry, but Chrysler says its entry into the fray will take at least another 3-5 years to suss out. The carmaker’s already woeful lack of small cars is hurting sales as fuel prices continue to rise, so the news […]
The U.S. auto industry may be in turmoil, but both Chrysler and General Motors have denied any possibility of bankruptcy and have dismissed recent rumors to that effect as inaccurate. Both companies have been plagued by falling sales as consumer demand shifts towards smaller and more fuel-efficient sedans and hatches and away from GM and […]
The Challenger has barely begun delivery to the first batch of retail customers and already Chrysler is working on a new drag-race focused special edition of the SRT8 called the Super Stock. The first Mopar-package car in 40 years, the Super Stock, or ‘package car’ as the Mopar guys refer to it, still remains cloaked […]
Adding to speculation that Chrysler’s original deal with China’s Chery Auto to source a Chinese-built compact car for sale in the U.S. may be in trouble comes news that the Auburn Hills carmaker has now signed a memorandum of understanding (MoU) with rival Chinese carmaker Great Wall Motor (GWM). The MoU is for the exploration […]
November’s SEMA (Specialty Equipment Market Association) show will play host to Chrysler’s unveiling of a supercharger it plans to fit to the 2009 Dodge Challenger. Available through dealers as a Mopar aftermarket kit, the supercharger will boost power and torque with little additional weight or fuel economy penalty.
The Challenger that will […]
Update: Chrysler today extended its $2.99 a gallon fuel promotion through the end of July following the release of sales figures for the month of June showing a steep 36% drop for combined sales of Chrysler, Dodge and Jeep over the past year. Previous reasons to extend the deal through June included increased traffic at […]