Chrysler News

  • The White House

    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 so far to $20.4 billion, $3 billion more than the $17.4 billion approved by Former President Bush last year. GM already received $9.4 billion in two payments since December, with Chrysler receiving just one payment of $4 billion. The new loan funds, leaked to the AP by an anonymous White House...

  • Saab and Volvo logos
    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...

  • 2008 Dodge Trazo Concept
    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...

  • President Barack Obama
    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...

  • Chrysler co-president Jim Press
    Chrysler co-president: You can either help us or burn us all down

    Chrysler has come out with its second sales plea in as little two weeks, urging dealers to order more than 15,000 cars by Monday to keep the company viable. Not one to mince his words, Chrysler co-president Jim Press told dealers over a conference call that they basically have two choices: "You can...

  • 2009 Dodge Viper SRT10
    Saleen Automotive’s new owner confirms interest in Dodge Viper business

    Less than two days after Chrysler confirmed that it had received three offers for its Dodge Viper sports car business, the investors who just purchased most of the assets of specialty-car maker Saleen Automotive have revealed that they have also considered adding the Viper business to their...

  • Fiat Chrysler logo

    Fiat and Chrysler first released a joint statement announcing they had signed a non-binding term sheet to establish a global strategic alliance just over two weeks ago but according to Fiat's CEO the deal could be signed and completed by as early as the middle of this month. The alliance, to be 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. It would involve Fiat acquiring up to 35% of Chrysler in return for product...

  • 2009 Dodge Challenger SRT8
    Chrysler ‘Employee Pricing Plus Plus’ program prices revealed

    The past month has been one of the busiest for struggling Detroit carmaker Chrysler, within the past several weeks receiving a $1.5 billion infusion from the federal government, revealing plans for a strategic alliance with Fiat, and announcing a range of new incentives. Under the new...

  • 2009 Toyota Camry being assembled at Kentucky plant
    Over 40% of cars built in North America built by foreign companies

    In January we brought you news of Toyota's predicted surpassing of Chrysler in North American output in 2009, and nearly two years ago we reported on the Detroit 3 slipping below 50% market share in the U.S. Now the trend continues, with the Detroit 3's North American car output slipping below 60%...

  • Chrysler CEO Bob Nardelli
    Chrysler: Please sir, we want some more

    Less than a month after receiving the first $4 billion from the federal government’s bailout package for the auto industry, Chrysler has revealed that it needs an additional $3 billion to help close an alliance deal with Italy’s Fiat Group. Unlike General Motors, which has been...

  • Jim Press
    Jim Press: Chrysler 'viable' by spring, but profit still too far off to gauge

    The recently announced alliance to be forged with Fiat notwithstanding, Chrysler's current position in the market is regarded as precarious by buyers and analysts alike. Vice Chairman Jim Press is more optimistic, however, stating that Chrysler will be 'viable' during the first half of the year. He...

  • 2010 Toyota Prius
    Toyota to build more cars in North America than Chrysler

    Toyota's North American car output will surpass Chrysler's for the first time during the first quarter of 2009. The two companies' downward trajectories will soon cross, leaving Toyota as the third largest domestic producer behind Ford and General Motors. Both Chrysler and Toyota are sharply...

  • Fiat and Chrysler logos

    The proposed alliance between Chrysler and Fiat Group will reportedly see seven new vehicles introduced to the U.S. market, with most of the cars expected to be produced at idle Chrysler plants across North America. According to sources that have seen the product-sharing agreement, several of the vehicles will be sold through select Chrysler, Dodge and Jeep dealerships. The plan includes vehicles on four Fiat platforms, with models planned for the minicar, or A-segment, right though to the midsized D-segment. No decision has been made on timing or volumes but a concrete plan is expected to be...

  • Chrysler CEO Bob Nardelli
    Chrysler confirms new 300, Dodge Durango and Jeep model

    Brand new versions of both the Dodge Durango SUV and Chrysler 300 are coming in the next couple of years, kicking off a product renaissance at Chrysler that will include the launch of 24 new or updated models over the next 48 months. The information comes from the carmaker’s CEO, Bob...

  • GM Detroit headquarters
    GM receives additional $5.4 billion in federal funding

    The $17.4 billion bridge loan package signed into action by President Bush late in December has begun disbursement, with General Motors receiving $4 billion earlier this month and now the second instalment of $5.4 billion as well. This additional funding comes at a crucial time for the General...

  • Chrysler design boss Ralph Gilles
    Chrysler design chief hints at Fiat-infused North American portfolio

    Following the announcement this week of a proposed acquisition of a 35% stake in Chrysler by Italy’s Fiat Group, Chrysler’s chief designer Ralph Gilles has given some insight into the thought processes going on behind locked doors at the two companies. Chrysler and Fiat execs are...

  • Fiat and Chrysler logos
    What does the Fiat-Chrysler partnership mean to you?

    Today’s news of Fiat's decision to acquire up to 35% of Chrysler has taken the automotive world by storm. What might such an alliance portend for Chrysler? What could Fiat possibly derive from the union? And how might you, the car enthusiast, feel about the whole thing? History is always a...

  • 2009 Dodge Challenger R/T Classic
    Dodge officially unveils Challenger R/T Classic

    No matter how you feel about car manufacturers recycling their icons of the past, there’s no denying that the interest shown in the Challenger has been phenomenal. While there has been a lot of information about the flagship SRT8 muscle car, at this week’s Detroit Auto Show Dodge...

  • 2009 Detroit Auto Show Winners & Losers

    In the midst of one of the toughest years the car industry has had to face and government loan programs getting underway, the 2009 Detroit Auto Show was set to be a touchy dance with public sentiment. In the end the expectations proved true, and the restrained and carefully orchestrated displays focused on real-world practicality, or failing that, on future technology that could lead to practical applications for hybrid and electric vehicles. So which carmakers succeeded and which failed? Which cars were winners and which losers? We have the straight truth fresh from the show floor. Winners...

  • 2009 Jeep Grand Cherokee
    Chrysler's LaSorda denies sale of brands

    One of the biggest criticisms for struggling Detroit carmakers General Motors and Chrysler is the number of brands they have under the one roof and the associated problem of selling models that often compete with one another in the same segments. In its efforts to secure its share of a federal...

  • 2009 Chrysler 200C concept car
    200C EV concept previews Chrysler’s new design DNA

    Following on from the Dodge Circuit EV sports car shown earlier today, Chrysler has revealed the 200C EV concept, which is designed to showcase the carmaker’s future designs as well as its electric powertrain technology in a premium sedan. It doesn’t end there as the concept also...

  • 2009 Dodge Circuit EV
    Chrysler presents Dodge Circuit EV at Detroit Auto Show

    Back in September Chrysler showed off three vehicles designed to show the world that it too could keep up with Ford and GM as they developed low emissions powertrains for the future. One of those vehicles was essentially a Lotus Europa with Chrysler badging, but this was understandable as the...

  • 2009 Jeep Patriot EV
    Chrysler shows off Jeep Patriot EV range-extended SUV

    Back in September Chrysler showed its commitment to designing and marketing a range of electric and hybrid vehicles with the unveiling of a trio of concept vehicles, one for each of the Chrysler, Jeep and Dodge brands. Despite its current financial situation, Chrysler is keen to show its...

  • Chrysler logo
    Chrysler receives $4 billion in restructuring loans

    Late Friday evening Chrysler received its first $4 billion in government loan money from the $17.4 billion approved as an emergency measure late in December, pushing its bottom line closer to the $2.5-3 billion minimum it needs to remain in operation. Covering debts and meeting supplier payment...

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