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 #154: Gobbling up the News

Chris, Sam, and Dan kick out a podcast just in time for the long holiday drive.

 
 

Featured Galleries

  • 2011 Chevrolet Cruze
  • 2011 BMW 5 Series sedan
  • Texas unveils new Vanity Plates
  • Spy Shots: Next-gen Buick Excelle for China
  • 2011 Cadillac CTS Coupe
  • Hyundai 2.4L Theta-II GDI
  • Ginetta G50EV and John Surtees at the Channel Tunnel
  • 2010 Toyota Land Cruiser
  • Review: 2009 Infiniti G37x S Sedan
  • Quick Spin: Superformance MKIII-R
  • 2011 Buick Regal Live Unveiling
  • BMW Concept 6

AOL Autos

Find Your Next Car

Autoblog Video


Autoblog Green

Daily Finance

Download Squad

Engadget

Joystiq

Autoblog Spanish

Switched.com

FanHouse

Asylum