Chrysler is delivering 10 Ram 1500 Hybrids to the U.S Department of Energy for testing within the next week. The pickups will be delivered to Yuma, Arizona, as part of a $100 million research project. The program with the U.S Department of Energy will run through June 2014. 140 Ram 1500 pickups will be delivered...
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Two years after a government bailout and rescue by Italian automaker Fiat and Chrysler has announced detailed plans to repay its government loans. A new $3 billion term loan, combined with $3.2 billion in bonds and a $1.3 billion hand out from Fiat will be used to pay off the $7.5 billion it borrowed from...
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The Chrysler Group LLC is expected to announce today that it has reached a deal to refinance its debt. The Auburn Hills based company plans to repay $7.5 billion in government loans to both the U.S and Canadian governments by May 24th. Chrysler owes $5.9 billion to the U.S and $1.6 billion to Canada....
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Dubbed the TR Life Style truck, Chrysler projects it’s Ram division to sell between 15,000 to 20,000 units annually (for the record the Ridgeline sold 16,142 copies last year, a drop of two percent from 2009).
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A trade group representing Detroit’s three automakers as well as Toyota is currently urging the Obama administration to say no to a proposal that could mandate a 62-mpg CAFE (Corporate Average Fuel Economy) industry standard by 2025. The Alliance of Automobile Manufacturers, in a letter addressed to Transportation Secretary Ray LaHood and Environmental Protection Agency administrator...
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Chrysler announced an $843 million investment in its Indiana transmission plant as it prepares to build a 9-speed automatic transmission front front-drive vehicles. The announcement comes on the heels of General Motors announcement of a $2 billion infusion into a number of plants, including $200 million for upgrades to its Toledo, Ohio plant to build...
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GM plans to ramp up Volt production in the next few years, from the current 10,000 cars per annum to 25,000 – CEO Dan Akerson says he’d ultimately like to see more than 100,000 Volts roll off the assembly line, though recognizes that any increases also hinge on battery production.
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The first generation Chrysler 300 was famously described by comedian Katt Williams as “…a [Rolls Royce] Phantom…until a Phantom pull up next to you…”, and that ignominious distinction was no doubt fueled by the frequent addition of an aftermarket Bentley-esque egg-crate grille by some owners. Chrysler’s Mopar division is looking to capitalize on this trend by...
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Chrysler filed documents with the Security and Exchange Commission that revealed that parent company Fiat has a one year option to increase its stake in the American automaker to as much as 70 percent. The increase is contingent on Chrysler repaying its government loans, and the automaker will be issuing new debt in a bid to allow...
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As the government’s ownership of General Motors decreases, spending on lobbying officials has spiked. According to data from lobbying disclosure forms, GM spend almost $3.6 million in the first quarter of this year, double what it spend in back in 2009. Last Fall the Treasury reduced its share of GM from 61 percent to under...
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Overall, auto sales have been on an upward trajectory for several months, however cash incentives are not the reason for the success. Incentive spending was at a five- year low in April, according to Automotive News, down 14 percent to an average of $2,320 per vehicle. Toyota had the lowest incentives among the top six...
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Auto industry legend Bob Lutz may no longer be in the employ of the Big Three, but that hasn’t ever stopped “Maximum Bob” from giving his two cents on what the industry could do improve upon At the New York Auto Show, Lutz held court for a handful of journalists and expanded on what he...
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According to a tweet from Ward’s Auto, Chrysler CEO Sergio Marchionee has confirmed the existence of two new models in the pipeline, the Dodge Charger Super Bee and a Gucci-branded edition of the Fiat 500. The last generation Super Bee was mechanically identical to the Charger SRT-8, although it came in unique pastel colors and...
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Proving that you might actually be able to stop a train wreck that’s already in progress, under the stewardship of Fiat CEO Sergio Marchionne, Chrysler has posted a profit. Blaming high interest rates on its government loans for not climbing into the black earlier, Marchionne today reported a net income of $116 million, compared to...
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UAW President Bob King said that the union may abandon their tactic of targeting one automaker during contract negotiations and negotiate with Chrysler, Ford and General Motors at the same time. The UAW previously targeted one automaker during negotiations and used that to set an example for the others. However, King says that the relationship...
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Chrysler Group LLC has just announced that it plans to fully repay the loans it took from the U.S. and Canadian governments by the middle of this year. In a statement from the auto maker, it says “Chrysler Group intends to complete the repayment during the second quarter of 2011 from proceeds of a new...
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Chrysler is preparing to pay back $6.6 billion on government loans, but the company will do so not from its own cash but by re-financing existing debt. Current terms of the government loans have Chrysler paying 12 percent interest per year. While Chrysler would not be out of debt, they would theoretically free themselves from...
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Even Eminem can’t make the rebadged Chrysler Sebring cool, and that means the brand is sorely lacking in the mid-size (D-segment) category. Worse still, with rising gas prices and increased interest in small cars, the automaker literally has nothing on offer in the compact (C-segment) or sub-compact (B-segment) classes. And if recent reports are correct,...
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As it’s been conceived for long-distance hauling, this rig is not surprisingly loaded to the gunwhales with creature comforts; adjustable rear foot rests, tray tables, built-in refrigerator and Wi-Fi are just some of the features.
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Hot on the heels of the firebreathing Jeep Grand Cherokee SRT-8, Chrysler saw fit to stuff the same 6.4-liter HEMI V8 into the newly-redesigned 300 for the 2012 300C SRT8. AT 465 horsepower and 465 lb-ft of torque, the 300C SRT8 gets to 60 in less than 5 seconds, while looking sharper than the regular...
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The snobby older brother of the Charger SRT8, Chrysler has revealed a high performance version of its full-size sedan, the 300 SRT8. Powered by the very same 6.4-liter V8 engine it makes 465-hp and an outrageous 465 lb-ft of torque to deliver a 0-60 mph time below 5.0 seconds. Absent is the brand’s new 8-speed...
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Chrysler is set to unveil new versions of their 200 sedan and convertible at the 2011 New York International Auto Show this week. Dubbed the “S” model, these versions will sport some unique cosmetics. Features unique to the “S” model are as follows: unique front grille with an S model-only Chrysler winged badge with a...
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Dodge has released their 2012 Avenger R/T, a slightly hotter version of their mid-size Avenger sedan, with a stiffer chassis, R/T badging and a Pentastar V6 good for 283 horsepower. Unfortunately, the sole transmission offered is a 6-speed automatic, a decidedly unsporting choice for a supposedly performance oriented car. The slushbox does help with fuel...
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Rumors had indicated that Jeep would unveil a high-powered version of its Grand Cherokee at the New York Auto Show this week, and a new report by Automotive News seems to confirm as much. But the Grand Cherokee SRT8 won’t be the only heavyweight to hit the stage in New York, with the Chrysler brand...
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