Chrysler News
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Partnerships between American and Chinese carmakers are nothing new, but only in the recent past has there been talk of Chinese-manufactured cars being imported into North America. Chrysler is one of the most determined American carmakers seeking to launch a Chinese-manufactured car in the U.S., even going so far as to sign a memorandum of understanding (MoU) last year with China’s Great Wall Motor (GWM). The original MoU was for the exploration of long-term business ties between the two carmakers in various areas including distribution, components and technology, and presaged the...
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Wagoner admits pre-planned bankruptcy "could work"
Both General Motors and Chrysler are fearful a bankruptcy would kill whatever consumer confidence the ailing Detroit carmakers may have left but in the latest twist of the saddening U.S. auto industry saga the CEO of GM has revealed that a pre-planned bankruptcy "could work". Rick Wagoner insists...
Ralph Hanson -
Jeep unveils three-pack of Rocky Mountain Edition models
Adding value to a vehicle intended for dual-duty city and offroad use isn't a hard thing to do. Doing it in this economy, and actually selling vehicles, is another. Chrysler is hoping it's hit the right balance with the new Rocky Mountain Edition Jeeps, released today. The packages combine a set of...
Nelson Ireson -
Photo update: up close and personal with Audi's R15 TDI Le Mans racer
Diesel is fast - scary fast - as Audi's R10 TDI proved when it swept through the world of Le Mans and endurance racing by storm. Since then rule changes have dampened the flame somewhat, but it's still a competitive and formidable platform. This season, it's getting a full-scale upgrade with the...
Nelson Ireson -
Ford, Chrysler say GM should get more out of CAW
Ford is projecting the strongest image of the Detroit 3 at the moment due to its refusal to seek government loans, but it says the deal General Motors and the CAW reached won't be good enough to keep Ford competitive in Canada. GM, on the other hand, seems pleased with its deal, and has announced...
Ralph Hanson -
GM dealers not ordering new cars due to uncertain brand futures
In what is set to become a terrible domino effect, lagging demand for new cars and an uncertain future at Hummer, Saturn and Saab dealerships is leading to an inventory pile up. That, in turn, means dealers are ordering no new cars, driving General Motors' production schedule even further out of...
Ralph Hanson -
Fiat Group, Chrysler and its parent company Cerberus Capital Management in January released a joint statement announcing they had signed a non-binding term sheet to establish a global strategic alliance. The alliance, a key element of Chrysler’s viability plan, would provide the American carmaker with access to competitive, fuel-efficient vehicle platforms, new powertrains, and components to be produced at Chrysler manufacturing sites. Soon after the initial statement, rumors suggesting PSA Peugeot-Citroen could also be in merger talks with Fiat quickly emerged. Both companies have...
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Chrysler threatens to pull out of Canada
General Motors and Chrysler have told authorities in Canada they need as much as $8 billion in aid to stay afloat, more than double the original amount requested just three months ago, and in the latest twist Chrysler has threatened to pull out its operations if it does not receive the funds. The...
Ralph Hanson -
Chevrolet Volt driving day planned for Obama’s auto industry task force
They did it in the nation’s capital at the first round of viability meetings and tomorrow in Detroit government officials will once again be able to drive a prototype for the upcoming Chevrolet Volt plug-in hybrid. This time around the officials will include the Obama administration’s...
James Martinez -
GOP senators John McCain and Richard Shelby want bankruptcy for GM and Chrysler
Former presidential candidate John McCain, as well as fellow republican senator Richard Shelby, both believe that General Motors and Chrysler should go into bankruptcy rather than taking American tax dollars to prop themselves up. McCain is opposed to both the Wall Street bailout and the automotive...
Ralph Hanson -
Chrysler's SRT brand not going anywhere
Just because you can buy a Charger SRT8 for under $35,000 after incentives and rebates doesn't mean Chrysler is liquidating its SRT cars to get rid of the brand. In fact, Chrysler has said specifically that its high-performance division is safe from the current budgetary cutbacks. Unlike General...
Ralph Hanson -
Audi R15 TDI to contend three ALMS events this year
Diesel is fast - scary fast - as Audi's R10 TDI proved when it swept through the world of Le Mans and endurance racing by storm in previous years. Since then rule changes have dampened the flame somewhat, but it's still a competitive and formidable platform. This season, it's getting a full-scale...
Jeremy Weber -
Whoever said the muscle car era was dead and gone? Right now you can drive away with more than 400hp (298kW) under the hood for around $35,000. The poor state of the economy is taking its toll on vehicle sales (GM just posted its worst sales figures since 1967 in February) but this is also having a positive effect on the level of vehicle discounting that’s happening around the country. Two specials this month are the 2009 model Pontiac G8 GXP and Dodge Charger SRT8. The G8 GXP is listed at $37,610 but depending on where you live the 415hp (309kW) muscle-bound sedan comes with up to...
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Marchionne confident Fiat can help Chrysler
The Fiat-Chrysler partnership has been brewing since well before the economic meltdown and federal loan bonanza of late 2008, but it's still taking shape as the carmakers find ways to work to their mutual benefit. Today Fiat CEO Sergio Marchionne reaffirmed his confidence that Fiat will be able to...
Nelson Ireson -
Chrysler incentives cost a massive $5,566 per car in February
People aren't buying new cars. It's really that simple in a lot of ways; the economy is down, the future is uncertain and no one wants to bet their house that they'll still have a job in six months. So Chrysler has been going wild with incentives to try to prop up sales in a market that just...
Nelson Ireson -
Chrysler assets could be sold to Chinese carmaker
There is mounting speculation that ailing Detroit carmaker Chrysler may not be able to survive as a standalone firm. Negotiators in Detroit are working furiously to secure a deal with Italy’s Fiat Group but if the proposed alliance falls through Chrysler has a number of options as backup. One...
Kenneth Hall -
Chrysler still sees GM merger as best bet
Desperate times call for desperate measures and at Chrysler it appears every option is on the table. The Auburn Hills carmaker has been tied with at least five major carmakers in the past six months, even coming close to a merger with Detroit rival General Motors. While such a move may seem a...
Ralph Hanson -
2009 Alfa Romeo 159 revealed ahead of Geneva Motor Show
A picture is worth a thousand words, or in the case of the Alfa Romeo 159, it's worth a long, loving stare. The sensual lines of one of the finest-looking sedans anywhere have been revealed in their 2009 model year form ahead of the unveiling at the Geneva Motor Show next month. Early last year...
Nelson Ireson -
The divorce of Daimler from Chrysler in 2007 wasn't complete - the German company Daimler still holds 19.9% of Chrysler - and now that lingering relationship has come back with a vengeance. Despite a year that would be only moderately unsuccessful for Daimler, Chrysler's involvement more than doubled 2008 losses to $2.45 billion. Daimler posted a Q4 loss before interest and taxes (EBIT) of about $700 million on its own, however, so not all the blame lies at Chrysler's feet. Daimler CEO Dieter Zetsche says the company is still in a good position, despite a lost forecast for 2009 as well...
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Chrysler's viability plan requires additional $2 billion in loans
Building a foundation for the reconstruction of the industry, General Motors and Chrysler are required to submit new plans for viability today as part of the loan agreement established late last year. GM has yet to unveil their reworked plan, but Chrysler has just released the key details of its...
Ralph Hanson -
White House: GM, Chrysler to get another $7 billion today
Detroit's carmakers are due to submit their latest viability plans to the government later today, but already a White House source has leaked that General Motors and Chrysler will both be getting new loan funds. GM's $4 billion loan and Chrysler's $3 billion will bring the total amount handed out...
Ralph Hanson -
Detroit 3 looking to Asia for brand sales
Tough times are a unifying theme of the economic and sales reports of the last six months, especially in the car industry. Finding ways to pull itself up by the bootstraps is proving harder than imagined by some, but the effort is pushing the Detroit 3 to consider a window of opportunity in Asia...
Ralph Hanson -
Nissan halts alliance plans with Chrysler
Before Chrysler was ever involved in alliance talks with Fiat, the Auburn Hills carmaker was already tied with Nissan over several platform swapping and production sharing deals. Both Chrysler and Nissan have now confirmed that two out of the three original product-sharing deals have been put on...
Viknesh Vijayenthiran -
Obama to auto industry: "Get me a plan that works"
President Obama and his administration has made much political hay over the impending disaster that could befall the U.S. economy barring swift action. Today Obama called directly on the American auto industry for a clear plan for viability so the government could step up its aid. Speaking with...
Nelson Ireson