Chrysler
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This morning, Chrysler released information on the 2024 Chrysler Halcyon concept. The concept highlights a host of future technologies that Chrysler and Stellantis are working on. Halcyon combines three complementary technologies, STLA Brain, STLA SmartCockpit, and STLA AutoDrive to achieve "Harmony in Motion" and features a new lithium-sulfur battery technology that promise a 60% lower carbon footprint than the best-in-class batteries available on the market today. The highly streamlined sedan, built on the STLA-Large platform, is optimized for range and efficiency. A functional front air blade and side aero blades direct airflow around the vehicle to improve aerody…
Last reply by smk4565, -
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Tomorrow morning, Chrysler will unveil the Chrysler Halcyon Concept EV on their website. The Halcyon is an evolution from the Chrysler Airflow Concept shown in 2022. Chrysler has teased various vague images over the last few weeks, showing an updated logo and some various, undefined body lines with little else in the way of clues. Two things that stand out from the teaser images are the shape of the back glass and the full-width tail lamps. What we can expect is that the Halcyon will be a two-row crossover, and it will sit on the Stellantis STLA platform. We also already know that since the merger, Stellantis planned on moving most of the U.S. brands to PSA platforms…
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Chrysler showed off at the January 2022 CES (Consumer Electronics Show) the Airflow Concept in White which we covered in the following story. Today Chrysler is now showing the Airflow Graphite, the alter-ego to the Airflow Concept showing Chrysler embodies a new contemporary, tech-forward, sleek, sophisticated package that combines Chrysler Galaxy Black exterior with Cyprus Copper Accents inside and out. This combination of color features throughout the spacious interior, along the panoramic glass roof and continues onto select surfaces of the 22-inch wheels working to create the refined, sophisticated design you see here. Chrysler had the foll…
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During Stellantis EV Day and Software Day at the beginning of 2021, we now will get a more detailed look at the New Chrysler EV brand as they plan to unveil the first of many EVs in the 96-year history of the iconic brand as Stellantis plans to build back better Chrysler. The airflow as shown on Jay Leno's garage dates from 1934 and is now ready for a revival of the name in the all-new electric vehicle. The plans for Chrysler at the 2022 CES show is as follows: Chrysler will introduce the Chrysler Airflow Concept and outline its future electrification strategy at CES 2022 in Las Vegas on January 5, 2022 CES 2022 will featu…
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In a discussion about their pending merger, Fiat Chrysler revealed that the combined company's future vehicles in the small to mid-size range will be built on two of PSA's platforms. The reasoning behind it is that PSA's platforms are more modern than FCA's which first debuted in 2003. They are also capable of a wider range of propulsion methods like electrification that are harder to incorporate into the aging platform that FCA is using. The smaller of the two platforms, PSA's CMP, launched last year is found under the Peugeot 208, 2008, DS 3 Crossback and the new Opel Corsa. The larger platform is called EMP2 and launched in 2016. It underpins the Peugeot 3008…
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Fiat Chrysler Automobiles and Peugeot S.A. have signed a binding agreement to a 50/50 merger of their businesses. Once the merger is complete, the combined company will be the fourth largest automobile producer in the world. Based on 2018 numbers, the business will sell roughly 8.7 million vehicles annually and have revenues near €170 billion. There will be a strong balance sheet that will allow the new entity headroom to execute strategic plans. Geographically, 46% of revenue will come from Europe and 43% from North America. A number of operational efficiencies will be gained by the sharing of platforms and engine technology. The number of platforms will be reduced…
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The United Auto Workers membership has ratified the new four-year agreement with FCA. The agreement covers 47,000 employees at FCA's manufacturing facilities and parts distribution centers. FCA will expand manufacturing in the US including a new assembly line in Detroit that will produce two new Jeep models as well as the next generation Jeep Grand Cherokee as well a some electrified models. The four year contract includes: Signing bonus of $9,000 for full-time employees, $3,500 for temporary workers. Full-time workers can now reach the top pay bracket in four years rather than the current eight. FCA will create 7,900 jobs through 2023 which incl…
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Details emerged Wednesday of the labor agreement between the United Auto Workers and Fiat Chrysler Automobiles. The overall contract is similar to the one agreed to by Ford last month. The four year contract includes: Signing bonus of $9,000 for full-time employees, $3,500 for temporary workers. Full-time workers can now reach the top pay bracket in four years rather than the current eight. FCA will create 7,900 jobs through 2023 which includes the 6,500 jobs already announced for a new plant in Detroit. $9 Billion in U.S. manufacturing investments. Dissolution of the jointly-run National Training Center, the focal point of a federal …
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The United Auto Workers and Fiat Chrysler Automobiles have reached a tentative labor agreement for a four-year contract the union and FCA said today. While details were not provided, the main framework of the deal is expected to mirror that of the deals made with Ford Motor Company and General Motors. Those deals include signing bonuses of at least $9,000, no changes for healthcare, and a clearer way forward for temporary employees to become permanent status. On December 4th, a council of the heads of UAW locals will meet and review the agreement and must approve it prior to sending it to members to ratify. Some media reports say that negotiators secure…
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Fiat Chrysler Automobiles and PSA Group have agreed to the terms of a merger just after it was announced they were talking just yesterday. PSA's board has already agreed to the deal and is awaiting approval from FCA's board which is meeting later tonight. The merger, if approved, would create the 4th largest automotive company in the world with nearly $50 billion in value. FCA Chairman John Elkann would retain his chairmanship of the new company while Peugeot CEO Carlos Tavares would stay on as CEO. The board would be comprised of six appointees from Peugeot while FCA would get five. Both companies would pay dividends to their shareholders, €3 billion fr…
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According to a report in the Wall Street Journal, Fiat Chrysler Automobiles and PSA are in merger talks. This after the failed merger negotiations last spring between FCA and Renault. The merger is reportedly an all-share merger of equals with PSA CEO Carlos Tavares at the helm as CEO and FCA Chairman John Elkann retaining his position in the new company. The "talks are fluid" and the paper reported that "no guarantee that any final agreement will be reached". FCA had previously turned down a merger offer from PSA back in March. PSA is still digesting their acquisition of Opel from General Motors. View full article
Last reply by USA-1, -
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Fiat Chrysler posted a record $2.3 billion in operating profit in North America for third quarter 2019. Must of that was attributed to maintaining a firm hold on costs and customers opting for higher-trim level vehicles. Margin for the quarter in North America climbed to 10.6 percent, an all time high. Overall, North American revenue was flat at $21.3 billion and shipments down 11 percent. Globally, adjusted earnings rose 5 percent while revenue declined 1 percent. Global shipments were also down 9 percent. Even with all of that good news, one time charges added up to a $200 million loss, including $795 million for a settlement over the diesel scandal, and a …
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The Dodge Caravan is one of the vehicles that helped saved Chrysler Corporation in the 1980s. Introduced in November 1983, the Caravan, along with the Plymouth Voyager, was based on the K-Car platform championed by Lee Iaccoca. Chrysler recently re-introduced the Voyager under the Chrysler brand as the low cost entry into the minivan market. The Voyager is a low cost version of the Chrysler Pacifica Minivan that was introduced in 2016. Dodge continued production of the Grand Caravan as the low-cost model while the Pacifica aims for higher end customers. The Voyager, starting at $26,958, will come in three trims, L, LX, and LXi, the last one reserved for fleet buyer…
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Fiat Chrysler Automobiles has been lagging behind other automakers in terms of electrification, tending to focus more on how many more vehicles they drop the Hellcat V8 into. But that appears to be changing. The Detroit Bureau had the chance to speak with FCA's new global powertrain chief, Micky Bly. He said that within the next twelve to eighteen months, FCA would try to reposition itself as one of the industry’s leaders in electrification. “We’re not leaders now,” said Bly, “but we will be soon.” Bly wouldn't go into detail as to how FCA plans to do this. But we already know that a number of FCA brands have plans for hybrid and electric vehicles - includi…
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At FCA, amid the backdrop of a proposed merger and its subsequent collapse, a lawsuit has been filed by Reid Bigland, head of the RAM brand and CEO of FCA Canada alleging that FCA has retaliated against Bigland for cooperating in a Federal prob of FCA's sales reporting process. Bigland joined Chrysler in 2006 and in turn took over the reigns of Alfa Romeo, Maserati, and Dodge, eventually serving as CEO of FCA Canada. The lawsuit filed Wednesday accuses FCA of retaliation for not taking the fall for the sales reporting prob. Bigland claims his compensation has fallen by more than 90% and that the sales reporting process under scrutiny was one that he inherited. …
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The merger between FCA and Renault has crossed another hurdle overnight with FCA agreeing to a compromise with the French government. The issue surrounded the French government's desire for a guaranteed seat on the company's board of directors and effective veto power on CEO appointments. In a compromise, Renault would give up one of its own board seats for one occupied by a representative of the French government. The makeup of the board would then be 4 seats allocated to FCA appointees, three to Renault appointees, and one to the French government. France is Renault's largest shareholder with a 15% stake in the company. Additionally, Renault would give up one o…
Last reply by William Maley, -
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FCA has sent a merger proposal to Renault in what would start as an operational tie-up leading to a full merger. The proposal is a 50/50 deal that will not involve Nissan or Mitsubishi and it estimated to be worth around $33 billion. Few details have been revealed, however, Renault's board said it would issue a press release after the meeting. Rumor has it that Renault is negotiating with FCA without the approval from Nissan or Mitsubishi. If the merger does go through, it would happen over the next 12 months and the combined companies would rank 3rd in the world in terms of production, just behind Toyota and Volkswagen. One complication to the deal is the French go…
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FCA is paying Tesla hundreds of millions of dollar to pool their vehicles with Tesla to avoid EU fines over emissions. Tesla put out an invitation to other automakers to use its fleet to lower their emissions totals and FCA took them up on it. Neither company released financial specifics of the deal, but it is estimated by the Financial Times to be worth hundreds of millions of dollars. Similar to California which allows manufactures with a surplus of ZEV credits to sell them to manufacturers who need them, the EU Commission allows manufacturers to pool together their fleets to avoid paying fines. Tesla makes significant money selling these credits in the US, earn…
Last reply by G. David Felt, -
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The rumors that PSA and FCA may merge can be put to bed now. Sources familiar with the discussion told the Wall Street Journal that executives from the respective companies are no longer in talks. FCA was reticent about the idea because it would increase the companies reliance on the struggling European market, and the Agnelli family, who has a controlling stake in FCA, was not interested in a deal that was paid for with PSA stock. PSA would need to use equity to pay for FCA because they are still digesting their acquisition of Opel from General Motors. Had they merged, the combined company would produce over 9 million vehicles per year, putting them on a playing …
Last reply by loki, -
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The EPA has announced that FCA will be issuing a voluntary recall of 862,520 gasoline vehicles in the United States that do not meet emissions standards. The vehicles covered are the 2011-2016 Dodge Journey, 2011-2014 Chrysler 200 and Dodge Avenger, 2011-2016 Jeep Patriot and Compass (with CVT and FWD), and 2011-2012 Dodge Caliber. Due to the scope of the recall, the fixes will be issued in stages starting with the oldest vehicles. The fix involves replacing the catalytic converter. FCA has stated there are no safety concerns and no fines will be issued by the EPA. The issue was discovered during routing in-use emissions testing by FCA and subsequently reported…
Last reply by G. David Felt, -
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The Chrysler Pacifica is often considered the best of a very small market. There are only five mini-vans left on the market, and only one of those has all-wheel drive optional, the Toyota Sienna. That stat could be changing if rumors about the Chrysler Pacifica prove true. According to Automotive News, Chrysler is hard at work on an AWD option for the Pacifica. While not officially confirmed by Chrysler, the union chief for the Windsor plant where Pacifica is built appears to have spilled the beans. If AWD does come to the Pacifica, it may not be until the 2021 model year. Adding AWD would be likely help to boost sales in the North East US and in Canada. Chry…
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Fiat-Chrysler announced a $4.5 billion investment today to build a new assembly plant in Detroit and add production at five existing facilities in Michigan. The move will increase capacity for Jeep, Ram, and Dodge Durango. $1.6 billion will go to the Mack Avenue Engine complex to convert the site into a manufacturing facility for the next-generation Jeep Grand Cherokee and an all-new three-row full-size Jeep SUV. This will create 3,850 new jobs. $900 million will go to Jefferson North for retooling and modernization for production of the Dodge Durango and next generation Jeep Grand Cherokee. This will create 1,100 jobs. The investment into Warren Truck in…
Last reply by G. David Felt, -
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The Chrysler 300 will disappear in two years according Automotive News. Their annual future product pipeline reports that Chrysler will eliminate the 300 from their lineup in 2020. No replacement is planned. This follows rumors we've been hearing for the past couple of years that the 300 would be bumped off. But this presents a big problem for Chrysler. Without the 300, the only car in the lineup is the Pacifica minivan. But Automotive News says there is a model to take its place. It will be a fully-electric minivan based on the Portal concept that debuted at the 2017 CES in Las Vegas. The report says expect the concept to retain the reconfigurable interior that seat…
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I just picked up my new company car.....a 2006 Liberty Sport 4X4 with a 6-speed MANUAL transmission.....surely a rare bird these days. MSRP - $26,400. Sport package, 4X4, 3.7L OHC V6, manual tranny, moonroof, 6-disc changer, Infinity speakers, skid plate package, alloy wheels, dark tint, 6-way power driver seat, etc. Black with Khaki cloth interior. I looked at everything (in my company's price range) from an Equinox, Escape, Tucson/Sportage twins, RAV4, CR-V, etc. I chose the Jeep because ultimately, I wanted something a bit more than a "cute ute" because I do occasionally do some light off-roading when we go to the desert, and I also want to be a…
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For the past few years, Fiat Chrysler Automobiles CEO Sergio Marchionne holds a conference with journalists and analysts at the Detroit Auto Show, taking various questions. According to Motor Trend, Marchionne revealed that more crossovers are on the way for Alfa Romeo, Chrysler, and Ferrari. Alfa's Three-Row Crossover: Sergio Marchionne confirmed that Alfa Romeo is working on a larger SUV to sit above the Stelvio. He says this model is very important for the brand. As we reported towards the end of December, the model would use a stretched version of the Stelvio's platform and possibly feature a mild-hybrid powertrain. Chrysler's Pacifica-based crossover: It se…
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William Maley Staff Writer - CheersandGears.com August 13, 2012 Chrysler hasn't been the strongest proponent of electric vehicles since it has been together with Fiat. "You're not looking at a guy who's as scared as the rest of them. I'm not scared, I just won't do it. I just will not do it. I think we're smoking illegal materials if we think we're going to make those [profitably]," said Fiat/Chrysler CEO Sergio Marchionne in a interview with Automobile Magazine back in July. This might be an odd thing to say since Fiat is working on a 500 EV that will go into production later this year. However, Marchionne has been on record saying the 500 EV will lose money and is …
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On Friday, we brought you the news that Fiat Chrysler Automobiles would be pulling Chrysler and Dodge from South Africa. "This unfortunate situation has arisen from our principals in the USA no longer building Chrysler or Dodge vehicles in Right Hand Drive configuration," the company told Wheels24. But there was a wrench thrown into this story, courtesy of FCA's Australian office. “I am not at liberty to comment on South Africa’s decision. What I can tell you is that Australia will continue to sell the right-hand drive Chrysler 300 as an ongoing product in our lineup. In relation to Dodge, at this stage, this brand is represented as a parts and service ope…
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A report from The Windsor Star says Chrysler is planning very soon to announce the next-generation of minivans. “We’ve been told (by Chrysler Canada) that Windsor Assembly is in position for new products. We’re waiting for an official announcement that could come any time now,” said Mike Lovric, Unifor Local 444 vice-president. Lovric went onto say that he has received a 2014 production schedule that shows layoff weeks slated for November and December, leading to the possibility that the plant could be retooled and production beginning sometime in 2015. Trying to figure out what Chrysler has in mind for their next-generation minivans has been difficult. CEO Sergio Marc…
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Chrysler News: Rumorpile: Chrysler Could Do A 300 Hellcat, Dodge Charger and Challenger To Use Ghibli Platform 1 2
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If there is one thing that Fiat Chrysler Automobiles is consistent on, it is their ability to change their future plans on a whim and cause us to scratch our heads. Case in point, Automotive News has learned that FCA has ditched plans on moving the Chrysler 300 and Dodge Charger/Challenger to the Giorgio platform - what underpins the Alfa Romeo Giulia. Instead, all of the models will get will one more refresh in 2019 that will cut weight and boost fuel economy. There is also talk about the 300 getting the option of the Hellcat V8 because FCA thinks we don't have enough vehicles with it?! In 2021, the Charger and Challenger will be (finally) redesigned. They'll be bas…
Last reply by G. David Felt, -
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There is a huge difference between hybrid and plug-in hybrid models. So it seems interesting that Chrysler will be dropping the plug-in part of the Pacifica Plug-In hybrid in their marketing for almost all of the U.S. Bloomberg reports that Chrysler will advertise the Pacifica PHEV as the Pacifica Hybrid for the majority of the country. The reason is that most Americans see 'plug-in' and think limited range. For the record, a plug-in hybrid can run on electric power alone for a time. Once the battery is depleted, the gas engine will kick on to provide propulsion and charge the battery. There is one exception to this plan, California. Tim Kuniskis, head of FCA's …
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The internet went mad yesterday when spy shots of a unique 300 SRT mule was caught. The pictures - caught at an apartment complex and on the highway - show a 300 SRT sporting some wider fenders and a set of drag radials. The spy photographer notes the wheels fitted to the 300 are the same ones that Dodge was using for the early Demon mules. Behind the wheels are a set of four-piston Brembo brakes. Also, the spy photographer says the mule was making engine noises similar to the Charger/Challenger Hellcat. What could this be? It might just be an engineering mule that will likely not go into production. Another possibility is Chrysler building a Hellcat version of …
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Chryslers last Hurrah? Hellcat 300? Autoblog, a news source you can love and hate and question, but is this late breaking story valid? Does it have teeth? Autoblog is reporting a possible Hellcat 300 might be in the works. Based on the pictures, I would say it is hard to say other than this has that traditional 3-4 inches of tire sticking out, brembo breaks so it might be true but then where the pictures are taken makes one wonder if this is just a personal pet project. http://www.autoblog.com/2017/05/18/chrysler-may-be-testing-a-hellcat-300/?hcid=hp-tile-small-4 So what are your thoughts? Is chrysler going out with a big bang?
Last reply by G. David Felt, -
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I didn't realize John Lennon ever HAD a T&C, but he did. He owned it when he was murdered 30 years ago. It's being sold today...check out the car: http://automotivetraveler.com/jump/2380
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Fiat Chrysler Automobiles isn't out of the dog house when it comes to vehicles rolling away. A few months after issuing a recall on a number of models equipped with the stubby transmission lever for rolling away, NHTSA is investigating models equipped with the rotary knob gear selector for the same problem. The investigation is looking at the 2013–2016 Ram 1500 and the 2014–2016 Dodge Durango which have the rotary knob selector. NHTSA has gotten 43 complaints about these models moving away. Out of the 43 complaints, 25 have resulted in crashes and another 9 resulted in injuries. NHTSA also says that 34 complaints said the vehicle was moving while in park. FCA sa…
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As the Ford Falcon and current Holden Commodore head off into the sunset, Australian police departments are wondering what should replace them. V6 models were used for patrol duty, while V8 models would be used for pursuits. One possibility is the Chrysler 300. “With the going away of Australian manufacturing, from potential fleet customers we’ve had a lot of enquires for the 300,” said Steve Zanlunghi, head of FCA Australia to Car Advice. “Specifically we’ve had the police come to us, asking for a bid, if it would make sense.” Zanlinghi didn't mention whether the police were interested in the V6 or the 300 SRT with a 6.4L V8. Our possible guess is that the…
Last reply by hyperv6, -
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Google and Fiat Chrysler Automobiles made waves earlier this year when it was announced the two would build 100 autonomous prototypes based on the all new Pacifica Plug-In Hybrid. Now the two could be working together on a ride-sharing service using autonomous vehicles. Bloomberg has learned from sources that Google will deploy a semi-autonomous vehicle, most likely the Pacifica possibly towards the end of 2017 for this new service. The sources go on to say that Google will need more than 100 vehicles that FCA agreed to in their original deal. This comes on the heels of Google's announcement today that it will be spinning off their autonomous vehicle project int…
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As Fiat Chrysler Automobiles continues its cooperation with the federal investigation into its falsified sales, they have begun to issue restate monthly sales results. They reveal that the Chrysler 200, a midsize sedan the company was hoping to be a success was even less popular than we first though. Automotive News reports that in a three-month period from July to September 2015, FCA reported that it sold 21 percent more 200s (8,577) than the new numbers. To put this in perspective, the second-largest discrepancy in sales was the Dodge Charger with 2,258 over-reported sales. "There was a lot of pressure on the 200 to offset the loss of sales from discontinuing…
Last reply by hyperv6, -
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Fiat Chrysler Automobiles announced yesterday that it would be recalling 1,908,911 vehicles worldwide due to the airbags and seatbelt pre-tensioners possibly not deploying in the event of a crash. Approximately 1.4 million vehicles involved in the recall are in the U.S. In a statement released by FCA, the issue deals with a specific restraint control module and front impact sensor wiring. "The condition may occur when vehicles equipped with a particular occupant restraint control module and front impact sensor wiring of a specific design, are involved in certain collisions. If all these factors are present, there may be an increased potential for occupant injury.”…
Last reply by G. David Felt, -
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Fiat Chrysler Automobiles is making some major changes in how they report sales and has admitted that their 75-month streak was only 40 months and it ended in September 2013. The new sales reporting methodology announced by FCA in a statement will comprise of, Sales reported by dealers Fleet sales delivered directly by the company Retail 'other' sales, including those by dealers in Puerto Rico Using this new methodology, FCA went back and reviewed past monthly reports and found a 3 percent decrease in sales in September 2013 - a month that it had reported a 1 percent increase. Likewise, in August 2015, sales would have dropped 1 percent - not an increase of 2 …
Last reply by A Horse With No Name, -
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Fiat Chrysler Automobiles will produce no more passenger cars in the U.S. early next year. The Dodge Dart will end production in September, while production of the Chrysler 200 will cease in December. This is to make way for more production of SUVs and trucks - Jeep Cherokee at Belvidere, Illinois and Sterling Heights, MI for the next-gen Ram 1500. "By the time we finish with this, hopefully, all of our production assets in the United States — if you exclude Canada and Mexico from the fold — all those U.S. plants will be producing either Jeeps or Ram," said FCA CEO Sergio Marchionne during a call with analysts yesterday. Why would FCA end passenger car production …
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Following the news last week that Fiat Chrysler Automobiles was under investigation by both the Department of Justice and Securities and Exchange Commission over inflated sales, Automotive News has learned from various sources that an investigation done by the company revealed misreported sales numbers. According to the sources, FCA ordered an internal review last year over their sales reporting. What the review found is "that 5,000 to 6,000 vehicles had been reported as sold by dealers and then "unwound." It is unknown the time period that was covered by the review. After the review, U.S. sales head Reid Bigland attempted to put a stop to the practice. But a source s…
Last reply by G. David Felt, -
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Fiat Chrysler Automobiles is facing an investigation by the U.S. Department of Justice and Securities and Exchange Commission over their sales reporting practices. Bloomberg learned about the investigation from two sources this morning and since then, FCA has confirmed it. This investigation stems from lawsuits filed earlier this year by dealers in Florida and Illinois saying the automaker inflated sales numbers by having them file false 'New Vehicle Delivery Reports'. At the time, FCA denied the charges made and is seeking dismissal of the suit. But as Automotive News notes, FCA added a disclaimer to their sales reports in April about how sales are reported. “FC…
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For better or worse, Fiat Chrysler Automobiles CEO Sergio Marchionne will say whatever comes to his mind. Case in point, saying the next-generation Chrysler 300 could go front-wheel drive. "This plant and this architecture is capable of making the 300 successor, the front-wheel, all-wheel drive successor," Marchionne told reporters at FCA's Windsor plant - home to Pacifica production. The architecture in question what underpins the new Pacifica minivan. Now when asked if the 300 would switch from a rear-wheel to a front-wheel platform, Marchionne said, "It's capable. It's not a commitment." The current Chrysler 300 and its stablemates, the Dodge Charger and Ch…
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Autonews
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It was in late January when Fiat Chrysler Automobiles' CEO Sergio Marchionne announced that the Chrysler 200 and Dodge Dart would "run their course”. A diplomatic way of saying we wouldn't see a second-generation of either model. But Marchionne mentioned that both models could continue on if a partner was found. Motor Trend has learned that FCA is currently with potential partners, although who isn't mentioned. “There are discussions going on now. I think we will find a solution. We continue to talk. It’s both a technical solution and an economic one. We need to find a solution that works economically,” Marchionne said to Motor Trend on the floor of the Geneva Mot…
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We had a feeling this was coming. The Detroit News reports that Fiat Chrysler Automobiles will be cutting a shift at the Sterling Heights Assembly plant - home of the Chrysler 200 - and laying off 1,420 workers at the plant and a supporting stamping plant. In a statement, FCA explained the cut is “to better align production with demand,” and “a direct result of shifting demand toward trucks and SUVs.” “Our truck and SUV plants are running six days a week about 20 hours a day,” the company said. “And while 1,300 people will be impacted by layoffs (at Sterling Heights Assembly), we have been able to add 11,000 hourly jobs in Michigan since 2009 to keep up with that dema…
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Before its arrival at dealers this spring, Chrysler has the revealed pricing structure for the 2017 Pacifica minivan. The base LX will start at $29,590 (includes a $995.00 destination charge). This undercuts the Honda Odyssey LX ($30,300 with destination) and Toyota Sienna L ($29,750 with destination). Standard equipment includes a backup camera, 17-inch aluminum wheels, power driver’s seat, six-speaker sound system, Stow-N-Go seating, and an active noise cancelation system. The remainder of Pacifica lineup looks like this, Touring ($31,490) - Automatic headlights, power sliding doors, and SiriusXM satellite radio Touring L ($35,490) - Leather seats, heated fro…
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Not off to a good start.......... Apparently the new pentastar is not a trouble free motor......... been trying to read up on it. boss man bought a T/C off auc had about 20m on it, engine needs major work. according to a source at a C/J dealer, a lot of the new 3.6 have had expensive issues. sure hope chrysler can nip this in the bud......
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Today was Fiat Chrysler Automobiles' earnings report day and the results for the past year was a bit mixed. FCA reported a profit of 377 million euros (about $410 million) for 2015. This is a large decrease compared to the 632 million euros (about $689 million) profit for 2014. FCA attributes the decrease to investment costs and a large number of recalls on their vehicles. For the year, FCA said reported adjusted earnings increased 39 percent to 5.3 billion euros (about $5.75 billion) thanks to a strong performance in North America and a European market that is recovering. Total global deliveries for 2015 were 4.6 million vehicles. This is in line with 2014, but f…
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Fiat Chrysler Automobiles have been a bit behind the curve when it comes to alternative powertrains. But the Chrysler Pacifica Plug-In Hybrid shows the company is beginning to catch up. Speaking with The Truth About Cars, FCA's global hybrid chief Michael Duhaime said that hybrid power found in the next-generation minivan is very scaleable. “This’ll be the largest footprint — in the Pacifica. As we get into the smaller vehicles, basically what we’ll do is put smaller electric motors. The power electronics is part of the transmission … all that stays consistent. We’ll just go with smaller motors, and then the final drive will change with the different vehicles,” sa…
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Two Chicago area dealership groups have filed a lawsuit against Fiat Chrysler Automobiles accusing the auto manufacturer of falsifying monthly sales figures in the U.S. FCA says the allegations are without merit. FCA has reported 69 monthly sales gains in the years since its bankruptcy in 2009. In the lawsuit, the one of dealerships claim that they were offered $20,000 to falsely report the sales of 40 new vehicles on the final day of a month. Those sales would then be backed out on the first day of the next month preventing the warranty clock on those vehicles from starting. The lawsuit further alleges that FCA rewards dealers who falsify the sales reports wi…
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FCA's second five-year plan had some interesting products for Chrysler, including a new compact called the 100 due in 2016. But there could be some changes in store for Chrysler's lineup due to current situation in the market. Allpar reports that investor presentation mentioned that Chrysler's future lineup was “under re-evaluation”. Causes for the re-evaluation include fuel prices going down and are predicted to stay there for the next few years, the increasing popularity of crossovers, and the decline in small car sales. The original plan for Chrysler in the second five-year plan included, Compact 100 sedan to be launched in 2016 Next-generation minivan to be…
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FCA CEO Sergio Marchionne is giving it a rest when it comes to merger talk. Speaking with Bloomberg, Marchionne says he will focus on growing FCA through 2018. After 2018, Marchionne could retire from the company. Last year, Marchionne campaigned publicly for a merger of FCA and General Motors. GM's board looked at his proposal in the summer and rejected it. After this, Marchionne backtracked somewhat, saying the merger could generate $30 billion a year in cash. But now, Marchionne says any chances of a possible GM merge are done. “I met Mary Barra less than a month ago in Washington. I don’t think I will have another coffee with her. It won’t happen again in …
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Fiat Chrysler, surprise, had to buy a lot of emissions credits
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http://www.autoblog.com/2015/12/27/fiat-chrysler-buy-emissions-credits/ The world of carbon emissions uses some unusual units of measure. Take, for example, 8.2 million megagrams. Who needs to know how much that is? Someone at Fiat Chrysler Automobiles, that's who.FCA had to buy that many greenhouse-gas emissions credits from greener automakers, Reuters says, citing a report from the US Environmental Protection Agency (EPA). Because its vehicles' collective fuel economy continues to trail the industry average, FCA purchased the emissions credits at of the end of 2014 in order to meet US emissions regulations. About two-thirds of those credits were acquired fromToyota, w…
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Not a pleasant day at Fiat Chrysler Automobiles as the company was handed a $70 Million fine by the National Highway Traffic Safety Administration for failing to report death and injury claims to regulators. Now this penalty comes from FCA admitting to NHTSA that it failed to provide Early Warning Report data to NHTSA over several years starting in 2003. Now this is required by the TREAD Act of 2000 where an automaker provides claims of death and injuries, warranty claims, consumer complaints and field reports of safety issues as a way to identify a possible defect. Automotive News reports that FCA has brought in a third-party to do an audit of its reporting failu…
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The next-generation Chrysler Town and Country has been kept under wraps for most part. That was until earlier this week when The Windsor Star was somehow able to get shots of the next-generation van as it was being loaded into a transport truck at the Windsor Assembly line. From the couple of shots published, we can tell that the next-generation van will be using design from the 700C shown at the Detroit Auto Show in 2012. The front looks to have a similar shape the 200 sedan, while parts of the side match up to the 700C concept. Its expected that we'll be seeing the production version of the Town and Country at the Detroit Auto Show. Source: The Windsor Star …
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It is now official; the UAW and FCA have a new contract. This morning the UAW announced the 77 percent of its members at FCA approved a new four-year labor contract. This comes three weeks after a majority of UAW workers voted down the first agreement reached by the two parties. “The recent bargaining process that took place on behalf of our members at FCA is a testament to the UAW’s democratic values and commitment to our members. The resolve of our membership and the dedication of our negotiating team has produced an agreement that affords UAW members a strong wage package and job security while still allowing the company to competitively produce high quality vehicl…
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Last night was a tense time for Fiat Chrysler Automobiles as the clock was ticking to a 11:59 PM deadline before the contract extension for 40,000 UAW workers would end. But FCA and the UAW announced this morning they have reached another tentative agreement. The deal now heads to members to be voted on. “We heard from our members, and went back to FCA to strengthen their contract. We’ve reached a proposed tentative agreement that I believe addresses our members’ principal concerns about their jobs and their futures. We have made real gains and I look forward to a full discussion of the terms with our membership,” said UAW President Dennis Williams in a statement. …
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The clock is ticking now as the UAW has issued a strike notice to Fiat Chrysler Automobiles that will end a previously agreed upon contract extension tomorrow at 11:59 PM EDT if a new deal for its 40,000 members isn't reached. FCA issued a statement saying they have received the notice and are continuing discussions with the UAW to possibly alleviate this situation. The Detroit Fress Press has learned from sources that negotiations between the two groups have broken down and that the UAW negotiators have left the bargaining table. A number of union members have been wanting a strike since the two groups went into negotiations. How serious is the UAW with the …
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The United Auto Workers has announced today in a statement that 65 percent of members at Fiat Chrysler Automobiles has rejected the proposed contract that was reached by the two parties last month. “As I said at the press conference: ‘What I love about our organization most of all is that no matter what we do, what action we take, the ultimate decision and the power of the union is our members and they make the final decision,’” said UAW President Dennis Williams. “That is the design of our constitution and who we are ... We don’t consider this a setback; we consider the membership vote a part of the process we respect.” The UAW will be meeting with national b…
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More details about the tentative labor agreement between the UAW and Fiat Chrysler Automobiles (FCA) is coming to light. Automotive News has learned from sources that more production moving would be taking place. As we reported last week, FCA's Toledo factory would be saying good-bye to the Cherokee to make room for more Wranglers and the possibility of a new truck. The Cherokee is expected to be built Belvidere Assembly in Illinois. The big change in production is the Ram 1500 moving from the Warren Truck Plant to the Sterling Heights Assembly plant. This will mean production of Chrysler 200, currently built in Sterling Heights, will move to another plant. Accord…
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Chrysler News: Chrysler Surprises Dealers With Next-Gen Charger, Barracuda, Grand Cherokee Trailhawk
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Fiat Chrysler Automobile held their annual dealers meeting in Las Vegas and had some surprises in store for the dealers who attended. Automotive News learned from several dealers that FCA would possibly be bringing out up to 30 new or refreshed products within the next two years. Some of the products include the next-generation Dodge Charger which will look more like the 1999 concept designed by Tom Gale, and a Dodge Barracuda convertible. Both models will be underpinned by the Alfa Romeo Giulia's platform. Other models that were shown to dealers include, An Alfa Romeo SUV which is expected to be underpinned by the Giulia's platform The standard and Abarth ver…
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he National Highway Traffic Safety Administration (NHTSA) and Fiat Chrysler Automobiles (FCA) have entered a consent agreement that will see FCA paying a record $105 million civil penalty after the Government investigated 23 different recalls into the company since 2009. “Today’s action holds Fiat Chrysler accountable for its past failures, pushes them to get unsafe vehicles repaired or off the roads and takes concrete steps to keep Americans safer going forward. This civil penalty puts manufacturers on notice that the department will act when they do not take their obligations to repair safety defects seriously,” said Transportation Secretary Anthony Foxx. As par…
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Allpar is reporting that updates are incoming to the HEMI engine lineup, but likely after the 2016 model year according to sources. Details as to what the updates include are unknown at this time, but direct injection is a likely one. The delay is due to resources being somewhat limited. No word as to what vehicle will get the HEMI first. There are also changes in store for the Hellcat as well. Allpar says the Hellcat is being tuned to have a bit more refinement in the Grand Cherokee as to match the character of the SUV and buyer. A reduction in power is possible. The other change is for more power that could be arriving in 2017. Source: Allpar View full arti…
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Read here: http://allparnews.com/index.php/2015/06/pentastar-upgrade-pug-28901
Last reply by cp-the-nerd, -
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What is going on Fiat Chrysler Automobiles? Reuters reports that a number of new and redesigned vehicles have been pushed back as the company searches for a new partner. The delays allow FCA to save billions of dollars in investment. Suppliers who have seen say at least 12 future vehicle programs from Chrysler, Dodge, Jeep, Maserati, and Ram have been delayed. Two of those vehicles, the next Jeep Wrangler and Ram 1500 are reportedly moving to dates later in 2017. Suppliers say there are a number of reasons as to the delays such as last-minute design and engineering changes - some of which are helping save a fair amount of cash. FCA declined to comment on the d…
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Next month, the National Highway Traffic Safety Administration (NHTSA) will be holding a public hearing to probe Fiat Chrysler Automobiles' handling of 20 different recalls covering 11 million vehicles since 2013. The agency is concerned about the completion rates and other issues on these recalls. But FCA believes this hearing should be skipped. In a 19-page response to questions from NHTSA that was released yesterday, the company argues that its overall recall completion rate is "nearly the best in the industry, with 77 percent. The response goes onto state that they are compliant with existing regulations and are in the process of implementing new programs to impro…
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Fiat Chrysler will abandon its 5-year/100,000-mile powertrain warranty in the United States for the 2016 model year in favor of a 5-year/60,000-mile guarantee. The move follows a similar change in March by General Motors, which reduced the 5-year powertrain warranties on its Chevrolet and GMC vehicles from 100,000 to 60,000 miles. “Following changes already made by competitors, FCA US is adjusting powertrain warranty coverage for 2016 model year vehicles to be more consistent with industry practices,” FCA said in a statement to Automotive News. “For 2016MY, Chrysler, Jeep, Dodge and Ram Truck vehicles with gasoline engines will be covered by a 5-year/60,000 mile powertr…
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Fiat Chrysler Automobiles has made the decision to cut the Chrysler brand in the UK to focus more on Jeep. "We have made a decision to shift our focus away from Chrysler and toward other FCA brands," a Chrysler spokesman told Automotive News. Fiat Chrysler Automobiles' deputy UK managing director Karl Howkins told Autocar the decision came down to Chrysler products not being very appealing to UK customers and that the CO2 emissions on their lineup were too high. Chrysler sold the 300, Voyager (Town and Country), and a rebadged versions of the Lancia Delta and Ypsilon. According to the UK’s Society of Motor Manufacturers and Traders, Chrysler only sold 1,982 vehicles la…
Last reply by Drew Dowdell, -
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Chrysler can't seem to catch a break with their nine-speed automatic. Case in point is a recall for around 26,000 Chrysler 200 models equipped with 3.6L V6 and nine-speed because the transmission will not go into park. According to a statement, the problem is due to inconsistent assembly procedures at a supplier's plant. At the time of this writing, five owners have experienced this problem. Dealers will inspect the transmission and replace if necessary. In the meantime, Chrysler is asking owners to put on the parking brake to prevent their vehicle from rolling back. Source: Chrysler Press Release is on Page 2 Statement: Park Engagement February 26, 2015, Auburn H…
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A day after Consumer Reports released their annual reliability survey which saw four Chrysler brands; Dodge, Fiat, Jeep, Ram finish at the bottom, Fiat Chrysler Automobiles' Quality Chief has stepped down. Doug Betts, FCA's 51-year-old head of quality has "left the company to pursue other interests,"according to a statement released yesterday. Betts joined Chrysler back in 2007, defecting from Nissan. Chrysler declined to comment on why Betts left when asked by Automotive News, but sources say Betts had the tendency to speak his mind. This irked FCA's CEO Sergio Marchionne a lot. Taking the place of of Betts is Matthew Lidane, who is the VP of systems and components. L…
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Here's a bit of head scratcher. A member of the Allpar.com forum did a bit of poking around Chrysler's secure dealer site, DealerConnect and found an interesting configuration for the 2015 200. The site listed a a 2.2L 16-valve “DeTomaso” turbodiesel four-cylinder engine. Now Automotive News was able to confirm the existence of this engine on the site. So what could this engine be? Well Automotive News has learned that Alfa Romeo is working a 2.2L turbodiesel producing somewhere between 135 and 210 horsepower. If Alfa Romeo was to share this engine, it would give the Volkswagen Passat TDI some much needed competition. But what the “DeTomaso” name? This is speculated to b…
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With stricter CAFE standards just around the corner, Chrysler is looking at giving their Pentastar V6 range some big changes. Automotive News has learned from sources about a new plan called Pentastar Upgrade - or PUG. PUG will feature such improvements as direct injection, turbocharging, and other technologies to bring more power and better fuel economy. Fiat's MultiAir variable valve timing technology will remain. Now the first of these updated engines could arrive in the 2015 Grand Cherokee in the guise of a 3.6L V6. This will be followed by a updated 3.2L V6 in the 2016 Town & Country minivan. Source: Automotive News (Subscription Required) View full artic…
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The end is coming for Fiat Chrysler Automobile's CEO Sergio Marchionne. In a interview with Bloomberg, Marchionne says he will step down in 2018, the same time that his second five year plan will end. “I’ll undoubtedly do something else” after the end of 2018, said Marchionne. "I am not going to do any more turnarounds. I’m done; let some of the young punks do it.” Marchionne, 62, became the CEO of Fiat in 2004 and helped triple the automaker's revenue over the subsequent years. He was also a key person in the company's acquisition of Chrysler. There is no mention of who will be successor to Marchionne. But the current CEO does mention his role may be split among a num…
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Chrysler has announced some new appointments to its leader which take effect immediately. Head of the Ram Truck brand Reid Bigland becomes the new head of Alfa Romeo in the North America. Robert Hegbloom, who was the brand director of Ram Trucks becomes the head of the brand. With these appointments, both Bigland and Hegbloom become members of Chrysler's NAFTA Leadership Team. Bigland also gets a seat on Fiat Chrysler Group Executive Council – the highest decision-making body for Fiat Chrysler Automobiles. Source: Chrysler William Maley is a staff writer for Cheers & Gears. He can be reached at [email protected] you can follow him on twitter at @re…
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Motor Trend had the chance to speak with Chrysler president and CEO Al Gardner about the upcoming crossover for the brand. Announced in Fiat Chrysler Automobile's five-year plan, the new crossover will be coming out in 2016. Gardner explained that the new crossover would be going head to head with such models as the Chevrolet Traverse and Toyota Highlander. As for the new crossover itself, Gardner said it would use a front-wheel drive platform, with the option of all-wheel drive and a V6 engine. Gardner also talked about the need to build more models off of existing platform to help maximize their investment. This leads Motor Trend to speculate that the new crossover wil…
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General Motors isn't the only automaker that is dealing with problems with the ignition switch. The National Highway Traffic Safety Administration has announced it is investigating the Chrysler Town & Country, Dodge Grand Caravan, and Dodge Journey from the 2008 to 2010 model years due to ignition switch problems. NHTSA says they have been receiving complaints that the key can can shift from the “run” to the “accessory” mode while the vehicle is on the move. "While in this intermediate position, harsh roadway conditions or driver interaction with the ignition key can cause the switch to move to the ACC position which may disable the frontal air bags in a crash where…
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Fiat Chrysler Automobiles' five-year plan for each of its nine core brands doesn't sound realistic to analysts. Automotive News Europe reports that analysts cannot see FCA achieving its goal of doubling or tripling sales without investing a lot of money, something FCA doesn't quite have at the moment. Analysts believe for FCA to pull this monumental plan off, they'll need to cut some brands out. “The problem is PowerPoint presentations are a lot easier than real life. These brands need a huge amount of work to get where they need to be. The world changes very slowly and you have brands at the bottom of the pile in many regions. It’s not going to happen overnight,” said H…
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One of the biggest critics of hybrid vehicles happens to be Sergio Marchionne, CEO of Fiat Chrysler Automobiles. But even he realizes that with upcoming fuel economy regulations, hybrids will have to play a key role in achieving this. “The house will make it” to the 2025 model year fuel economy targets, Marchionne said to the press today. “Hybrids become a very large component of that fleet. You can’t get it without the hybrids. It’s impossible.” Last year, Chrysler was ranked last among large automakers in the U.S. for fuel economy. Marchionne said the company is on track to meet the long-term fuel economy requirements by using such items as diesels and nine-speed aut…
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I just read that Dodge was to become the new FCA performance marque here: http://www.motorauthority.com/news/1...-srt?fbfanpage Anyone else hear this? I tried searching the forum but didn't get any results.
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At the moment, Fiat's headquarters is located in Turin, Italy; while Chrysler's headquarters is in Auburn Hills, MI. But with Fiat and Chrysler merged together, the company is planning a new headquarters. Reuters reports that CEO Sergio Marchionne announced that the headquarters of FCA will be in London, Great Britain. "Headquarters will be in London. It's clear that group executive functions, the board, my office, some of my functions, need to operate out of London, but that doesn't mean that I'm giving up my operational responsibilities of the U.S. We will be multi-faceted ... we will do stuff everywhere," said Marchionne. Marchionne has said that the move will not n…
Last reply by G. David Felt, -
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William Maley Editor/Reporter - CheersandGears.com January 13, 2012 Chrysler CEO Sergio Marchionne on comfirmed on Wednesday that a new Ram Dakota is being worked on. Sergio also said that there was a "better than 50 percent chance" the truck will be a unibody. Now if that seems like bad news, there is some good news. Marchionne said that diesel power in the new Dakota is a likely option. The Jeep Grand Cherokee is set to get a 3.0L turbodiesel V6 in the U.S. next year, so spreading the cost of the engine over several vehicles would be to the company’s advantage. Also rumored to get the turbodiesel is the Dodge Durango. Source: Inside Line, Ward's Auto View full…
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Today in Auburn Hills, Fiat Chrysler Automobiles presented their five-year plan to the press and investors. The plan divulges what's in store for all of the brands in the coming years. The last time Chrysler did this back in 2009, many of the items shown were accurate (minus Alfa Romeo). We're going to fill you in on the plans in store for all of the brands and the company itself in the next few years. Jeep Leading off the presentations today was Jeep. Brand CEO Mike Manley described the off-road brand as the "lead global brand" of the company. The brand plans on expanding its lineup from five nameplates to six and sell them in more countries. Jeep hopes by 2018, 1.9 mi…
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William Maley Staff Writer - CheersandGears.com October 3, 2013 The SRT Viper has been one of the most anticipated vehicles of this year. But it seems that anticipation isn't bringing many buyers. Automotive News is reporting that Chrysler is cutting back on Viper production from nine to six per day, and will be reassigning a number of employees to different facilities. "We're really looking at the reality of this type of car in this economy, as well as us controlling the market and making sure that we don't overbuild," said SRT CEO Ralph Gilles. A good thing since there 565 Vipers sitting on dealer lots at the moment. Dealers have only sold 426 Vipers since going o…
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Today, Fiat SpA's board of directors announced Fiat SpA and Chrysler Group LLC will become Fiat Chrysler Automobiles (FCA). This comes as part of restructuring plan of the two automakers that was agreed by the board. “A new chapter of our story begins with the creation of Fiat Chrysler Automobiles. A journey that started over a decade ago, as Fiat sought to ensure its place in an increasingly complex marketplace, has brought together two organizations each with a great history in the automotive industry and different but complementary geographic strengths,” said John Elkann, chairman of Fiat. The restructuring plan also notes that FCA will be listed on the Milan and New…
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Today marks a big occasion for Chrysler as it becomes a part of Fiat fully. The Italian automaker announced today in a statement that they have completed the purchase of Chrysler and "is now a wholly-owned subsidiary of Fiat". This comes three weeks after an announcement made by Fiat which said they had come to an agreement with the UAW's VEBA Trust to purchase the remaining 41.46 percent of Chrysler. The agreement states that Fiat would pay $4.35 billion for the shares. The next step for Fiat and Chrysler will take place on January 29th. That is when the board is scheduled to meet and discuss terms of the merger, including including the corporate organization, location…
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Here's a YouTube vid of the new Chrysler 200C on the road. It is a huge step up for the 200. Looks great!
Last reply by ocnblu, -
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The first day of 2014 brings some good news to Fiat. The company announced that it and the UAW's VEBA Trust have reached a deal to purchase the remaining 41.46 percent stake of Chrysler. The terms of deal will see Fiat paying the VEBA trust a total of $4.35 billion. $3.65 billion of that will go towards the remaining stake. Also, Fiat will pay the trust $700 million annually over the course of the next four years. “In the life of every major organization and its people, there are defining moments that go down in the history books. For Fiat and Chrysler, the agreement just reached with the VEBA is clearly one of those moments,” said Fiat-Chrysler CEO Sergio Marchionne. …
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William Maley Staff Writer - CheersandGears.com December 13, 2013 Chrysler thought it would be a good idea to drive an uncovered 200 for a late-night photoshoot. What they weren't expecting is spy photographer crashing their photoshoot and bringing us our first good look at the next 200. The new 200 is a massive improvement over the current model. There is a four-door coupe roofline that appears to have been lifted from the Audi A7 or Volkswagen CC. The front is quite different from recent Chrysler designs with a narrow grille and slim headlights. The back end is very reminiscent of the A7. We also get a peek into the interior which looks somewhat familiar to the Dod…
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According to Chrysler's own, in-house press release site and Auto Trim (http://auto-trim.org/2013/11/22/2014-chrysler-300s-a-factory-black-out-theme/) the 2014 Chrysler 300S is slotted to come with an optional, blacked out exterior. Highlights include a gloss black roof, gloss black belt line and blackened head and tail light beels for a so-called toughened look. NO idea what this all really means, however, as their were no images provided. Anyone have any information on this? I'm excited to see images if anyone has them.
Last reply by G. David Felt, -
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William Maley Staff Writer - CheersandGears.com November 25, 2013 The Chrysler IPO will not happen this year. Forbes is reporting that Fiat has decided to not to launch the initial public offering of Chrysler before the end of 2013, citing that the short window before the end of 2013 is "not practicable." Not surprisingly, the hold up on the IPO is the disagreement between Fiat and the UAW's healthcare trust. Fiat currently owns 58.5 percent of Chrysler, while the trust owns the remaining 41.5 percent. The company wants to buy the trust's share, but for how much is what the two cannot come to an agreement. The IPO was going to be the way of figuring out how much the …
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William Maley Staff Writer - CheersandGears.com October 29, 2013 Next week comes a bit of madness. I'm referring to the 2013 Specialty Equipment Market Association (SEMA) Show taking place in Las Vegas next week. The show gives automakers a chance to show what crazy things they have cooked up. For Chrysler, SEMA is where their Mopar brand can show off some of their new parts and accessories. Plus some crazy ideas as well. I had the chance to head down to Chrysler's headquarters in Auburn Hills, Michigan to see some of the twenty vehicles that will be at SEMA next week. Ram Sun Chaser Out of all the vehicles shown at Chrysler's SEMA preview, the Ram Sun Chaser was t…
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William Maley Staff Writer - CheersandGears.com September 24, 2013 Last night, Chrysler announced they are preparing to do an initial public offering of some of its shares. This comes as a result of Chrysler/Fiat CEO Sergio Marchionne and the UAW's Retiree Medical Benefits Trust (AKA the VEBA trust) not coming to an agreement concerning the 41.5 percent stake of Chrysler the trust holds. Chrysler hasn't announced the amount of shares nor the price in their IPO documents, but it did set a maximum proposed offering price of $100 million. J.P. Morgan is the the investment bank for Chrysler's IPO. The shares will come from the VEBA trust. Why is Chrysler doing an IPO? Fi…
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William Maley Staff Writer - CheersandGears.com September 18, 2013 When we have brought you spy shots of the next-generation Chrysler 200, it was usually under the cloak of a Alfa Romeo Giulietta. But this week, the first spy shots of the next-gen 200 in its own flesh has been released. While Chrysler went crazy with the amount of camoflage on this mule, we can take away some information about the new 200. For starters, the next-gen 200 will adopt a four-door coupe silhouette. It also looks like the 200 will come with a short decklid with a spoiler. There isn't as many clues with the front end, though we're guessing a sleeker look is in play. Power will come from two…
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William Maley Staff Writer - CheersandGears.com August 7, 2013 Bob Lee, head of Fiat and Chrysler global Powertrain said that the company will not be investing in electrified powertrains till consumers are willing to pay for it. He said this at the 2013 CAR Management Briefing’s Advanced Powertrain Forum this week. Lee explained that consumers aren't willing to pony up the money to cost of battery packs, electric motors and chargers that hybrids and electric vehicles are saddle with. He said that it might take up to ten years before consumers are willing to pay for the tech. "Many customers want to reduce C02, but they aren't willing to change their lifestyle or pay …
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There's no 'Plymouth' heritage forum, so this gets planted here. Pretty nice job, IMO!
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In Depth: 6.7 Cummins Turbo-Diesel Engine The war among America’s diesel-powered pickup trucks rumbles into a new round with Dodge announcing more horsepower, torque, refinement and a host of advanced towing features. Today at the State Fair of Texas, Dodge will reveal more details about the 2007 Dodge Ram Heavy Duty’s new 6.7-liter Cummins turbo-diesel engine, which replaces the current 5.9-liter engine. Producing 350 horsepower at 3,000 rpm and 650 lb.-ft. of torque at 1,500 rpm, the 6.7-liter engine features an all-new six-speed automatic transmission that delivers improved fuel economy and performance. The engine will be available in 2007 Dodge Ram 2500 and 350…
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William Maley Staff Writer - CheersandGears.com July 9, 2013 Yesterday, Fiat exercised its option to purchase another 3.3 percent of Chrysler shares from the UAW's VEBA retirement fund. This brings Fiat's current share of Chrysler to 68.49 percent. This is the third time that Fiat has purchased shares from VEBA. Last July and earlier this year, the Italian automaker purchased 3.3 percent of the VEBA shares. Fiat CEO Sergio Marchionne wants to buy up the remaining shares so Fiat can have full control of the company and hopefully help curb the large losses the Italian automaker is currently experiencing. That doesn't look like it will happen anytime soon. Currently, Fi…
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By William Maley Staff Writer - CheersandGears.com May 30, 2013 According to Bloomberg, Fiat is reportedly seeking $10 Billion in financing to buy out the remaining 41.5% of Chrysler that is being held by the retiree trust of the United Auto Workers and refinance the two automakers' debt. Fiat has been in talks with a number of banks such as Bank of America Corp., Deutsche Bank AG, and Goldman Sachs Group Inc., to secure financing. Earlier reports said Fiat was seeking around $4 Billion, but that figure has risen considerably. This is most likely due to a court case in Deleware between Fiat and the UAW arguing the total price for the remaining shares. “The merger is …
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"26 models, 18 colors, 76 interiors!" How I wish for simpler, more complicated times. When a man (or wawman) could order a new car from the factory exactly the way he (or she) wanted it.
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