Chrysler News
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Car buyers, especially those in the U.S., have historically been at little risk of over-thinking a purchase decision, instead relying on emotional or aesthetic factors. But as fuel prices soar, more buyers are purchasing with their heads, not their hearts, and that could drive consumers away from fixed-price fuel offers and toward rebates and financing deals. Chrysler and Suzuki, the two main proponents of such deals in the U.S., are seeing a strong response to their offers, but analysts think the sales surge won't last. The current high fuel prices are increasing awareness of America's...
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Chrysler planning to expand hybrid rangeThis year Chrysler will launch its first hybrid models with the Chrysler Aspen and the Dodge Durango SUV's, both of which feature Hemi Hybrids. Chrysler may be a little late to the hybrid party, but that doesn't mean it will be left completely behind as the company is already planning to expand its...
Viknesh Vijayenthiran -
Chrysler open to more model sharing dealsChrysler CEO Bob Nardelli has revealed that his company is open to sourcing more models from rival carmakers in its bid to offer more fuel-efficient models and adapt to changing consumer demand. Last month Chrysler signed a deal with Nissan to source the compact Versa hatch to expand its U.S...
Ralph Hanson -
Alfa Romeo CEO confirms talks with ChryslerThe worsening exchange rate differential between the strengthening euro and weakening U.S. dollar means importing European manufactured models to North America is now significantly more expensive than just a few years ago. It’s a problem Alfa Romeo has to juggle with as it attempts to...
Siddarth Raja -
Design of next-gen Chrysler 300 will be 'evolutionary'Chrysler is in the midst of updating its line-up to meet tough new CAFE regulations and help turn around flagging sales, and the bleak situation has already led to a number of important models being dropped altogether. However, it appears the RWD Chrysler 300 is safe for now as the Auburn...
Viknesh Vijayenthiran -
CAFE to cost Japan half what it will cost DetroitThe cost of the United States' new CAFE regulations has been widely speculated - and the figures are generally expected to be high - but the first real calculations of what impact the legislation will have on the industry are beginning to be developed. One analyst firm things the American Big Three...
Nelson Ireson -
Chrysler has revealed another element of its three year turnaround plan with news today from the carmaker’s purchasing chief John Campi that plans are in place to reduce costs by 25 percent over the next three years. Speaking at a recent supplier conference, Campi said that significant changes in manufacturing and purchasing operations will help reach the target and that any potential savings will be shared among the suppliers as well. Some of the initiatives include a 30 day timeframe for production schedule changes rather than the one-week notice presently used, increased parts...
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CAW forms tentative agreement with GM, ChryslerLike all good compromises, it seems none of the parties is really happy with the outcome, but General Motors, Chrysler and the Canadian Auto Workers have reached a tentative labor agreement. Involving both continued production at some plants and job cuts all around, the deal will keep both sides on...
Nelson Ireson -
Chrysler-badged Chinese cars to be sold in Mexico next yearThe first fruits of the Chrysler-Chery partnership may be realized as early as next year with news today that a Chinese-built car will be sold wearing Chrysler badges in Mexico within the next 12 months. The new car is the Chery A1 hatch (pictured) and it will be the first global model spawned from...
Viknesh Vijayenthiran -
Chrysler wants small cars as soon as possibleThe Detroit 3 are hoping to change their reputation for chiefly supplying petrol-thirsty SUV's, with a view to getting small and mid-sized vehicles onto the market as soon as possible and one of the most active among the trio is Chrysler. The carmaker’s co-president and former CEO, Tom...
Kenneth Hall -
Chrysler on track with restructuring plansChrysler's last few years have been emblematic of the difficulty some of the older portions of the automobile industry are having adjusting to the increasingly mature, saturated and urban U.S. and global automobile markets. But Chrysler isn't counting itself out yet. Repackaging the Chrysler...
Nelson Ireson -
Chrysler CEO expects U.S. market to slide furtherChrysler CEO Bob Nardelli has repeated statements made by a number of CEOs from rival carmakers including Renault-Nissan’s Carlos Ghosn that the U.S. auto market is likely to slide even further and there’s no prediction of a recovering any time soon. Nardelli expects sales this year to...
Viknesh Vijayenthiran -
Since Chrysler is under private control it has no obligation to release financial results but according to its former parent company, Daimler AG, its result for the 2007 financial year could be a loss of more than $6.8 billion. Daimler indicated that Chrysler lost roughly that amount in the last five months of 2007, however this is based on calculations using international accounting standards. The German carmaker also reported that it lost $780 million in the first quarter of 2008 mainly because of the falling residual values of Chrysler vehicles and the poor performance of Chrysler's...
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More details about Chrysler's future midsize platformChrysler is developing a new range of vehicles for one of the most competitive automotive segments in the world, the midsize D-segment, currently dominated by the likes of the Toyota Camry and Honda Accord. Its current offerings, the Dodge Avenger and Chrysler Sebring, are outsold by its Japanese...
Viknesh Vijayenthiran -
New U.S. CAFE rules mean more expensive cars, fewer salesThe U.S. Secretary of Transportation couched the new CAFE plan as saving billions of gallons of fuel, but the industry sees it as one that will costs billions in research, development and manufacturing costs over the next five years. Secretary of Transportation Mary Peters noted in the announcement...
Nelson Ireson -
Chrysler-Chery minicar not ready for prime timeThe deal between the troubled American maker Chrysler and China's Chery has been a blustery, on-again, off-again affair, but the latest word has it still on track, despite some delays. Chinese-built Chrysler-branded Chery minicars will not be hitting U.S. roads in the very near future, but the deal...
Nelson Ireson -
Chrysler to remain unprofitable in 2008Chrysler CEO Robert Nardelli announced Thursday night that Chrysler will not see a profit at the end of the year. The head of Chrysler was not disappointed though, stating the company was on track to meet the goals it had promised new owner Cerberus Capital Management. While Chrysler hasn't said...
Kenneth Hall -
Chryslers exec reveals strategy for future model lineupChrysler has announced it will undertake major changes to its product lineup in order to compete on the world stage. The strategy outlined by its executive VP for product development, Frank Klegon, reveals a car company struggling to adapt to a changing world market but with potential to change its...
Viknesh Vijayenthiran -
Update: Chrysler has just announced its dual-clutch transmission - developed in partnership with Getrag – will make its debut by the middle of the year in international markets. The advanced gearbox will be available on the 2009 Dodge Journey, Avenger and Chrysler Sebring models and is claimed to reduce fuel-consumption and carbon emissions by 6%. It does this by reducing parasitic losses. First, by eliminating the torque converter, and second, through the use of synchronizers instead of shift clutches. The first units will be available with a 2.0L turbodiesel engine but there are plans...
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Three Chyrsler plants may not be halted this summerA month ago news of Chrysler's impending two-week North American summer shutdown sent ripples through the automotive press. Speculation of tough times and drastic fixes ran amok. Today word from Chrysler reveals that at least three factories could remain open while the rest of the company takes a...
Nelson Ireson -
Chrysler needs only half of its SUVsNow that Chrysler is in private hands the tough decisions are coming hard and fast. Last year we saw officials axe cars like the PT Cruiser convertible, Pacifica, Crossfire and Dodge Magnum, and now there are reports that even more models will be dropped from the current lineup. Earlier this month...
Ralph Hanson -
Chrysler asks public to help design future carsChrysler announced today that it’s recruiting members of the public for its new 'Customer Advisory Board', an online forum where individuals can voice their ideas about what they want to see in a new car. Anyone can join the forum, including consumers who have never previously owned a...
Ralph Hanson -
Chrysler working on in-car InternetWorking and thinking like a small company is how Chrysler hopes to weather the current economic storm. We told you just last week about Chrysler's plan to implement new technologies and product updates on-demand rather than waiting for product refresh cycles, and now it looks like one of the first...
Nelson Ireson -
Chrysler expects to be profitable within 3 yearsWith Chrysler’s new owners Cerberus Capital Management making the hard and fast decisions, the carmaker is now on track to return to profitability. Even with the worsening U.S. economy and fluctuating exchange rates and commodity prices, CEO Bob Nardelli is confident Chrysler will be...
Viknesh Vijayenthiran