Chrysler News
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Now that Chrysler is in private hands the tough decisions will be coming hard and fast. Already we’ve seen production plans for the Imperial sedan get the can and now we could see five existing nameplates dropped from Chrysler’s lineup within the month. Sources familiar with the situation claim the move is “highly likely” and that managers are still considering which models to drop. Analysts predict to see the Chrysler Pacifica, Dodge Dakota, Jeep Commander and Compass all face the axe, while the Chrysler Sebring and Dodge Durango are also favorites. Chrysler has...
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UAW Strikes Chrysler, some models will feel the pinchJust weeks after UAW's strike on GM, the union is going after Chrysler. A deadline came and went without an agreement this morning at 11:00am US Eastern time. The strike could have devastating effects on the launch of Chrysler's new minivans in the U.S. and Canada. Jeep's four-door Wrangler could...
Nelson Ireson -
Chrysler to offer alternative-fuel option on every modelAutomotive fuel choices abound, with more new technologies arriving every year. Ethanol, biodiesel, hydrogen, electricity, liquid natural gas, and hybrid combinations of each are being experimented with around the world and now Chrysler has announced plans to join the mix by offering an...
Viknesh Vijayenthiran -
First 3 Dodge Challengers to be auctioned for charityFans of the Dodge Challenger who hope to be among the first in the world to park the retro-styled muscle car on their driveway better be willing to pay a premium because the first three cars are destined to be auctioned for charity. The cars will all be 2008 model Dodge Challenger SRT8 versions...
Siddarth Raja -
Chrysler opens 'ENVI' hybrid/electric divisionChrysler has jumped on the eco-technology bandwagon by launching an engineering division specifically for building electric and hybrid vehicles. The new division, dubbed ENVI, will operate as a ‘start-up’ with an entrepreneurial environment, according to new CEO Robert Nardelli, and...
Alex Kaufmann -
Chrysler brands safe, some models could goIn his first major public speech Chrysler’s new Chairman and CEO Bob Nardelli confirmed there were no plans to drop any brands but warned some products may be cut. Speaking at a press event Nardelli commented, “Chrysler, Dodge and Jeep are all very, very valuable brands. I think we have...
James Martinez -
Chrysler has announced today that Toyota's North America President Jim Press will be heading to Auburn Hills to become the carmaker’s new co-president and vice chairman. We don’t normally report on executive shuffles within the auto industry but Chrysler snagging Jim Press is a major coup for the rejuvenated carmaker and a serious thorn in the side of Toyota. Press was recently announced as the first non-Japanese exec to be inducted to Toyota’s board of directors after showing impressive results in the US, the carmaker’s most important market. Press will share the...
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Chrysler may retire PT Cruiser after ‘09Chrysler has confirmed that it’ll build the long-running PT Cruiser through until the end of 2009 but has made no promise that a next-gen model will be built or whether the current model will be produced beyond that date. Since its introduction back in 2000, the PT Cruiser has been a sales...
Kenneth Hall -
Chrysler to form unholy alliance with Hyundai or Mitsubishi?The newly independent Chrysler is pulling all stops to turn around its ailing car business. One of the plans involves an alliance with Hyundai or Mitsubishi that could involve the companies building engines for each other or share platforms. Frank Klegon, Chrysler executive vice president of...
Ralph Hanson -
Chrysler gets new logo and CEOWith the historic sale of Chrysler to Cerberus Capital Management concluding last Friday, the born again carmaker will be reverting to its classic Pentastar logo and also gets a new CEO in the process. Stepping in as the new Chief and Chairman is former Home Depot boss Bob Nardelli, who replaces...
James Martinez -
Cerberus takes control of Chrysler Corp.The historic sale of Chrysler to private-equity company Cerberus Capital Management is now complete. The firm finalized its 80.1% takeover of the Chrysler Group today, ending the nine year old merger between Daimler-Benz and Chrysler. As per the agreement signed on May 14, 2007, DaimlerChrysler...
Viknesh Vijayenthiran -
Chrysler offers lifetime powertrain warrantyChrysler has become the first major carmaker to offer a lifetime warranty for its powertrains in its Chrysler, Jeep and Dodge branded vehicles. The warranty will cover the cost of all parts and labor needed to repair covered powertrain components including the engine, transmission and drive system...
Viknesh Vijayenthiran -
Following the announcement that Chrysler is scrapping plans to build the Imperial sedan at its Brampton plant in Ontario, the carmaker says it will instead use the facility to build its 300 model starting from 2010. An updated version of the 300 has been pencilled in for a 2010 or 2011 launch, but the Brampton plant will be refitted to continue building the current model that’s presently constructed in Europe. Chrysler has signed an agreement with local unions promising to invest $1.2 billion in developing the new 300, reports the Detroit Free Press, which should eventuate into a direct...
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Chrysler nixes plans for Imperial sedanHigh fuel prices and toughening fuel economy standards has forced Chrysler to axe plans for a production version of the Imperial concept that was unveiled at last year’s Detroit Auto Show. There were reports that the Imperial would enter production at a Chrysler plant in Canada but in an...
Kenneth Hall -
Chrysler worried about quality of China-built carsTo quell fears of substandard quality for products sourced from its Chinese partner Chery Auto, Chrysler personnel will be on hand in China early in the development and manufacturing phases to ensure that the cars meet global quality and safety standards. Together with Chery, Chrysler will be...
Alex Kaufmann -
No further sale of Chrysler says Cerberus bossCerberus boss John Snow has told reporters that there are no plans to sell the recently purchased Chrysler Group and that the troubled US auto industry is due for a turnaround soon. Snow also revealed that management were pleased with Chrysler CEO Tom LaSorda's recovery plan, which is expected to...
Alex Kaufmann -
BMW completes Tritec sale to ChryslerBMW’s 50% stake in Brazil’s Tritec engine manufacturer has been signed over to the Chrysler Group, who may now sell it on to a third party. Tritec was originally formed in 1997 between Chrysler and Rover (then a subsidiary of BMW) to develop a compact four-cylinder engine for a range of...
James Martinez -
Chrysler and Mercedes-Benz will continue parts sharingDespite having just announced their split, Mercedes and Chrysler will continue to share electrical systems, SUV components and other technology long after the de-merger has been finalized and the dust has settled. A joint operating board will be set up to manage any parts sharing programs with...
Ralph Hanson -
The first Chrysler model to be sourced from China’s Chery Auto will likely have a $10,000 sticker price when it finally goes on sale, not the $7,000 analysts previously predicted. The car is due to hit the US market in 2009 and will most likely be sold under the Dodge label. According to analysts, the car will be based on Chery’s current A1 but will be packed with better features and trim to suit the American market. However, an article from Bloomberg News reported that Chery's president Yin Tongyao said the car would cost $7,000 and be ready by next year. It was previously...
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Chery-Chrysler deal to be finalized todayChrysler has been negotiating with China’s Chery Auto for more than a year over a deal to source Chinese built vehicles for sale in the US. The deal was close to being pulled earlier this year when DaimlerChrysler announced that it was spinning off the American division but latest reports...
Ralph Hanson -
Chrysler to be US leader in dual-clutch gearboxesChrysler and its joint-venture partner Getrag have built a $530 million gearbox plant in Indiana to build up to 700,000 dual-clutch transmissions per annum starting in 2009. Chrysler will be paying the 1,070 workers at the new plant, which will mean that it will have exclusive rights for every...
Viknesh Vijayenthiran -
Chrysler Crossfire not dead yetAn updated version of the Chrysler Crossfire will return next year despite previous claims that the car’s brief five year run was coming to an end. The 2008 model will receive only minor updates including a tire pressure monitoring system, with the first cars expected to roll off the...
Viknesh Vijayenthiran -
Chrysler Phoenix V6 to feature cylinder deactivationChrysler has announced the adoption of a range of new fuel-saving technologies to improve mileage rates of its vehicles. The major news is the development of a family of V6 engines with cylinder deactivation technology, similar to GM's displacement on demand. This means that three cylinders can be...
Siddarth Raja -
BMW signs-off Tritec engine project to ChryslerBack in 1997, the Chrysler Group and Rover (then a subsidiary of BMW) formed a partnership to develop a compact four-cylinder engine for a range of new small cars. The Tritec joint venture was born, which soon saw the development of an engine factory at a site in Brazil. After BMW sold-off its...
Viknesh Vijayenthiran