Chrysler News

Updated:China's Chery Auto has denied claims that its deal with DaimlerChrysler to supply a Chinese built minicar to the US and Europe was put on hold. A spokesman for Chery today told Reuters that the deal was progressing, although he failed to elaborate on its current status or whether Chery...

It’s hard to imagine that less than ten years ago Chrysler commanded a 16.1% share of the US market and was turning over billion dollar profits. In 1999 it reported a profit of $5 billion, which also happened to be the first year of its alliance with Daimler. Compare that with the $1.98...

Free from its ties with German parent Daimler, Chrysler will be making major strides to show that it is returning to its American roots. Latest reports suggest that the classic Pentastar logo will make a comeback as Chrysler's official logo after a nine year hiatus. The iconic logo was originally...

With the sale of the Chrysler Group to Cerberus Capital Management, analysts are predicting that an injection of funds from the investment firm could see many popular projects and concepts enter the production pipeline. The transfer of ownership should be finalized by the third quarter and by that...

Chrysler dropped its ties with its foreign parent this week but the future will see it seek out other global partners in a quest to build its international presence. The split from Daimler won’t have any effect on previous plans to co-develop a small car with China’s Chery Auto and...

Chrysler could have a possible savior in the form of Russian billionaire Oleg Deripaska and the company he indirectly runs, Russian Machines. Magna International Inc., the last remaining bidder for the ailing carmaker, has announced that the Russians would invest close to $1.54 billion to help...

After months of speculation and rumor surrounding possible buyers for the Chrysler Group, reports are now surfacing that Canada’s Magna is the sole remaining party interested in acquiring the company from its German parent. The news comes from Germany’s Automobilwoche, who reports that...

The Chrysler Group will be adding hybrid versions of its Dodge Durango and Chrysler Aspen vehicles for the 2008 model year, with both vehicles getting a 5.7L Hemi V8 engine mated to an electric motor. The hybrid vehicles will hit showrooms next year and are expected to improve mileage rates by 25%...

Chrysler will be ceasing production of its slow-selling Crossfire sports coupe by the middle of the year after a brief run that lasted close to five years. The ailing carmaker has already stopped producing the performance SRT-6 range, but as from the coming summer the entire production run will...

The first Chinese built car to be sold in the US under the Chrysler umbrella will most likely be a production version of the Dodge Hornet concept pictured above. According to Automotive News, sources close to Chery and its suppliers have confirmed that the new car will be based on the Hornet...

Ongoing talks between DaimlerChrysler and General Motors were confirmed today by DCX CEO Dieter Zetsche during an interview with Automotive News at the Geneva Motor Show. He said the talks had “shown potential but they have not come to a conclusion but have certain promise." Unlike GM...

Chrysler recently offered workers at its Brampton plant in Canada a proposal to reduce their pay in favor of securing the production of an all new vehicle codenamed ‘Product X.’ The majority of workers rejected the offer, but according to Wards Auto, the vehicle will still go into...

DaimlerChrysler’s supervisory board today approved the partnership between Chrysler and Chery to develop a new small vehicle to be manufactured in China and exported to global markets. However, the deal will only be finalized with the agreement of the Chinese government, which is expected to...

Both Volkswagen AG and Renault-Nissan have come out with announcements citing their lack of interest over the potential sale of the struggling Chrysler. A spokesman for VW said that there “are no such considerations at the moment” regarding the sale of Chrysler and a similar statement...

Chrysler is considering getting its new Chinese partner, Chery Automobile, to build a new Chrysler designed vehicle instead of manufacturing a car based on a Chery design. Back in December, Chrysler and Chery formed a joint-venture to assemble a new small car in China for worldwide export...

General Motors is in talks with DaimlerChrysler about a possible buyout of the struggling Chrysler Group. That’s the latest from inside sources both in the US and Germany as published in a report by Automotive News. Talk of an alliance was first reported last week in Germany's...

General Motors and Chrysler Group are currently in talks to develop a new large SUV that would rival GM’s own Chevrolet Suburban. First reported by the Wall Street Journal, an inside source has claimed the talks have been ongoing for the past six months but a final decision has yet to be...

DaimlerChrysler is rumored to be talking with General Motors about a possible sale of the Chrysler group, according to the Detroit News. Citing company sources, the article alleged that talks were currently in full swing but are still at an early stage. The report came the same day that Chrysler...

The Chrysler Group has revealed its three-year Recovery and Transformation Plan that it will use to return to profitability and to create new business models. Importantly, Chrysler expects to be profitable again as early as next year despite the company losing $1.4 billion dollars for the third...

Because of the embargo-breaking antic of yet another magazine, we can now show you Chrysler’s stunning new Nassau concept that will debut at the Detroit Auto Show. The four-door luxury coupe is an indication of future Chrysler design trends, and swaps the big, blocky exterior of the Chrysler...