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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.

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The Chrysler rumormill is running at full steam for obvious reasons, and the latest talk surrounds Chrysler and its $3 billion Phoenix V6 engine program. Word on the street is that the project has been canceled, which makes abundant sense if in fact a Chrysler merger is imminent. If a deal to merge Chrysler with either General Motors or Renault/Nissan materializes, both potential mates have V6 engines that are vastly superior to anything nestled under the hood of a Chrysler, Dodge or Jeep. Why w

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