Chrysler: Phoenix V6 engine program still alive

Yesterday, the Rumormill spewed out more bad news for Chrysler: the $3 billion project to design the new "Phoenix" V6 was all but dead. But vice chairman Jim Press says it isn't so.

Press told reporters that the program was moving "full speed ahead" and that prototypes are out in the wild as we speak. There is little doubt that Chrysler needs more efficient V6 engines that can compete with the competition, particularly after spending time with the Dodgeler/VW minivan.

We noted yesterday that either GM or Renault/Nissan already have modern V6 engines, and spending $3 billion to produce something that is just as good or marginally better doesn't sound like a solid plan. And while we believe Press when he says that Phoenix is still on, if a merger happens any time soon, we're guessing future owners won't be interested in investing billions in Chrysler engine programs, unless much of the $3 billion has already been paid for.

[Source: Reuters]

Reader Comments (Page 1 of 2)








Autoblog Podcast #158: 'Twas a couple nights before Christmas...

Chris, Editor Paukert, and Dan send the Podcast off for the Christmas holiday in proper fashion

 
 

Subscribe via: iTunes | RSS


Featured Galleries

  • Gran Turismo 5 Demo
  • Spy Shots: 2011 Lincoln MKX
  • Spy Shots: 2011 Ford Edge
  • MINI Beachcomber concept
  • Gold Mercedes-Benz SLS for Dubai Motor Show
  • 2011 Mercedes-Benz E-Class Cabriolet
  • 2011 Audi A1 Graffiti Teasers
  • Reader Spy: SRT-prepped Dodge Journey R/T
  • 2011 BMW Z4 sDrive35is
  • Ferrari P540 Superfast Aperta
  • 2010 Dodge Viper ACR-X
  • First Drive: 2010 Lexus GX460
AOL Autos

Find Your Next Car

Autoblog Video


Autoblog Green

BloggingStocks

Download Squad

Engadget

Joystiq

Autoblog Spanish

Switched.com

FanHouse

Asylum