Chrysler News
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Chrysler's new head of design, Ralph Gilles, will officially step into his new position September 1, but already he's brimming with new ideas for the brand's future look. A more natural and fresh theme will dominate, while the 'Edge' look of the current vehicles has been declared dead. Not that Creed didn't have his fair share of hit designs, including the Dodge Viper, the Dodge Ram pickup and the PT Cruiser. But Gilles has a vision for a new direction for the company, one inspired by more organic shapes and modern themes. Gilles highlighted the Dodge Zeo hydrogen fuel-cell concept and the...
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Chrysler sues battery supplier for over $15 millionThe downturn in the U.S. economy and automotive industry is taking its toll not just on the carmakers, but on their suppliers as well - or at least that appears to be the case, with news that Chrysler has sued Johnson Controls, a Fortune 80 company, for over $15 million in damages. Chrysler claims...
James Martinez -
Chrysler design chief Trevor Creed retiresChrysler has announced that its senior vice president of design, Trevor M. Creed, is set to retire at the end of the month after spending 23 years with the company. Creed is credited with being involved with the design of some of the carmaker’s most memorable concept and production cars since...
Viknesh Vijayenthiran -
Update: pricing revealed for Chrysler's mobile InternetUpdate: After nearly six months of teasing out the details of its upcoming mobile wireless in-car Internet system, Chrysler has finally revealed pricing for the base unit and the monthly access charges. With an initial buy-in of $499 and ongoing fees of $29 per month, plus sundry other one-time...
Nelson Ireson -
Chrysler confirms talks with Fiat over U.S. productionFacing serious trouble in its home market, Chrysler is looking overseas for its salvation and has reportedly been in negotiations with a number of foreign carmakers including China’s Chery Auto and Great Wall Motors, India’s Tata and Mahindra & Mahindra, and more recently Nissan and...
Viknesh Vijayenthiran -
Chrysler plant expansion will generate 400 jobs, $1.8B investmentSaving jobs and investing new money in plant expansion is a story that runs against the current of the industry's present outlook, but Chrysler today announced it will be doing exactly that. By building a new body shop and upgrading its paint operations at the Jefferson North plant in Detroit...
Nelson Ireson -
It was reported back in February that Chrysler and Mahindra and Mahindra (M&M) were in negotiations over a number of deals including one that could have seen Chrysler sell its Jeep brand to the Indian truck manufacturer. Latest reports indicate that the two are now embroiled over a case of copied designs, with Chrysler accusing M&M of ‘borrowing’ its vertical slit front grille design for the Scorpio SUV (pictured). While no legal action has been taken yet, the two companies have been discussing the issue for more than a month and both appear to be holding their ground. Speaking...
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2008 U.S. fuel efficiency sets new industry recordA report released today by the National Highway Traffic Safety Administration (NHTSA) reveals that the vehicles produced during the first half of 2008 have set the record for the most fuel efficient to date. Including both cars and light trucks (meaning both pickups and SUVs), the national average...
Nelson Ireson -
Chrysler reveals PT Dream Cruiser at WoodwardThe Woodward Dream Cruise, Detroit's annual rolling car show, has spawned a fifth special edition of the PT Dream Cruiser. The fourteenth special edition of the PT Cruiser, the PT Dream Cruiser Series 5 is a purely cosmetic tweak of the standard vehicle, with production limited to 1,750 units for...
Nelson Ireson -
Chrysler proposing four-day work week to reduce costsThe struggle to save energy is forcing businesses and governments alike to rethink their energy usage from every angle. Chrysler has come up with a proposal for the UAW that would see both the Detroit company and all of its employees using less energy every day during production by switching to a...
Viknesh Vijayenthiran -
Saleen introduces SMS 296 Supercharger for the Dodge ChallengerSteve Saleen and his new company SMS revealed today its SMS 296 Supercharger, the first in the company's upcoming line of high-performance aftermarket parts. The unit is built to fit 2005-2009 HEMI 5.7L and 6.1L V8s, meaning most of the SRT and R/T line from Chrysler's various brands will benefit...
Nelson Ireson -
Chrysler replaces leases with new incentive programAs the U.S. market makes a shift from leasing to retail purchasing, Chrysler has announced that in August it will repackage its incentives to make vehicle purchases more affordable. The new strategy includes 72-month finance deals on an expanded range of compact, mid-size and full-size vehicles...
Viknesh Vijayenthiran -
Chrysler has bucked the trend of its fellow Detroit 3 carmakers by announcing an operating income of $1.1 billion for the first half of 2008. This is the first time that Chrysler has revealed its financials since being bought by Cerberus Capital Management, and comes as speculation rises that the carmaker could be on the verge of going bankrupt. Jim Press, Chrysler co-president, said the $1.1 billion was Chrysler's earnings before interest, taxes, depreciation and amortization. Chrysler also had $11.7 billion "in cash and marketable securities," he told reporters from Automotive News. The...
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Update: Chrysler could release new vehicles and platforms as early as next yearUpdate: 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...
Nelson Ireson -
Update: Chrysler in further negotiations with Nissan, still talking with Fiat and TataUpdate: 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...
Nelson Ireson -
Chase Auto terminates leases for Chrysler vehiclesChase 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...
Viknesh Vijayenthiran -
GM and Chrysler extend incentives, Chrysler cuts leasingDetroit'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...
Nelson Ireson -
Chrysler reports $515 million first quarter lossFollowing 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...
Ralph Hanson -
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 first half, and posting a second-quarter sales downturn of 5% globally and 20% in North America nevertheless today saw its stock rise to nearly double its value as late as last week, hitting $16.32 per share, before falling back to a still-improved $14.61 by...
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Chrysler to cut 1,000 jobs by SeptemberChrysler 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...
Viknesh Vijayenthiran -
Dodge Challenger SRT8 not selling as well as expected?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 role. Over...
Nelson Ireson -
Chrysler could cut top-end Avenger and SebringCutting 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...
Nelson Ireson -
Chrysler's electric cars still 3-5 years offHybrids, 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...
Nelson Ireson -
Chrysler and GM deny bankruptcy rumorsThe 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...
Ralph Hanson