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Chrysler News
Chrysler is one of six brands operated by Chrysler Group LLC, which emerged from Chapter 11 bankruptcy in June 2009. Italian automaker Fiat currently holds a majority stake in the company. Founded in 1925 by Walter P. Chrysler, Chrysler is the only one of the Detroit 3 automakers to have ever been controlled by a foreign company, the first being Daimler-Benz from 1998 to 2007 and now Fiat.
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0Report: Chrysler readying Hellcat V8 with Viper-like power 1369148220
A monstrous supercharged V8 engine could be in store for Chrysler and SRT products, if recent rumors are to be believed. Allpar is reporting that the forced-induction V8 – Chrysler's first, if this goes down – could make its debut this summer. The story goes that the Hellcat would be based on a 6.2-liter Hemi engine, rather than on the ...
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Report: Detroit automakers gain Q1 market share simultaneously for first time in 20 years 1367420400
While monthly sales figures might be an easy way of tracking the progression of the auto industry and individual automakers, looking at market share might be more indicative of how each company is actually standing up against its competitors. For the Detroit Three automakers, they have collectively lost almost 30 percent of the market over the last 20 ...
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Official: Chrysler reports $166M net income for Q1, down $307M vs. 2012 1367256600
Preliminary first-quarter results from 2013 have been announced by Chrysler, and the company is reporting a net income of $166 million on revenue of $15.4 billion. Compared to this period last year, net income is down $307 million and revenue has dropped $1 billion. Chrysler says that its quarter was negatively affected by the costs associated with ...
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Official: Chrysler investing $20M in Toledo plant to support 9-speed auto production 1367175900
In 2011, Chrysler announced a $72-million investment in its Toledo Machining Plant to modernize production of the eight- and nine-speed torque-converters for automatic transmissions made there. That upgrade work won't be finished until Q3 of this year, but Chrysler has already announced a further $19.6-million investment to increase production capacity ...
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Chrysler CEO: natural gas better than electricity to move vehicles, so government should back off 1366991760
Fiat-Chrysler CEO Sergio Marchionne continues to believe natural gas as the most viable alternative to conventional fueling and says government should stop pushing electric-drive ahead of other advanced-powertrain choices, the Detroit News says. Marchionne calls natural gas "the cleanest alternative available" and reiterated his longtime claim that Fiat ...
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Report: Fiat pondering swallowing rest of Chrysler, US IPO 1366833660
At the moment, Fiat is in court with the United Auto Workers, waiting for the justice system to provide some guidance on a fair price for 41.5-percent of Chrysler it doesn't own. Fiat owns 58.5 percent of the company and wishes to buy the remainder, which is owned by the union's VEBA retiree trust, but the Italian company and the UAW are on different ...
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Report: Chrysler museum to open one last time on June 8 1366322460
Due to a lack of funding, Chrysler closed the doors to its Walter P. Chrysler Museum in Auburn Hills, MI back in December, but it sounds like the facility will be open next month for one last hurrah. According to a report in the Detroit Free Press, the Chrysler Museum will be open to the public one last time on June 8 for the annual Chrysler Employee ...
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Report: Chrysler to veer away from 'Imported From Detroit' message? 1366202700
Claim some ground, control that ground and then expand. Chrysler, wandering the Earth like Kane from Kung-Fu when it came to brand message after the bailouts, pulled off the first two feats in only 120 seconds when its "Imported from Detroit" commercial aired during the 2011 Super Bowl. Two years later and now that the brand has a center in the minds of ...
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Official: Chrysler Group moves around execs in wake of recent departure 1366141500
Chrysler is busy shuffling executives around in the wake of Ram head Fred Diaz's departure. The automaker has named Reid Bigland (pictured, right) as Diaz's successor in the role of president and CEO of Ram, though Bigland will continue his duties as the head of US sales and the president and CEO of Chrysler Canada. Bigland first came to Chrysler in 2006 ...
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Video: See how SRT cooks up new paint colors in its 'kitchen' 1366059720
Paint colors are a big deal for any automaker, and choosing hues for a specific brand can take as much fretting and focus as nearly any other aspect of vehicle design. For SRT, that means finding colors that cooperate with everything from the high-performance Grand Cherokee SRT8 SUV and the Chrysler 300 SRT8 sports sedan, to the wilder Charger SRT8, ...
