It would seem that the problem of unintentional accelerations is still haunting us as Chrysler announced today that it is recalling some 25,000 Dodge and Jeep vehicles to fix a sticking gas pedal issue. The troublesome pedals in the Chrysler vehicles apparently are made by the same supplier involved in a much larger recall of
Chrysler CEO Sergio Marchionne has made a recent statement in which he confirmed his optimism in Chrysler’s performance since it has surpassed all expectations by achieving profitability and plugging a severe cash leak in less than a year since filing for bankruptcy. His statement was pretty much full of words of praise for the American
Chrysler Group LLC has announced today the launch of some amazing financing incentives for potential customers. For starters you can have 0 percent financing for up to 60 months, and 1.9 percent financing for 72 months on most 2010 model year Chrysler, Dodge, Jeep and Ram truck vehicles as long as they are financed through
Transonic Combustion is a fuel-injection systems startup company that has announced today that Bob Lutz has joined the company’s board of directors. Bob Lutz recently retired from his nine year position as vice chairman of General Motors and, according to Transonic Combustion’s spokesman, will be bringing the company’s leadership the experience of a career in
Chrysler, one of the two companies that make up Detroit’s Big Three who took the bailout money is not in the same rush GM is to get results. While GM’s CEO Ed Whitacre Jr. is in the center spot of public attention due to his plan to obtain a possible IPO by the end of
We all know that the news from Detroit’s Big Three don’t always come in to put a smile on everyone’s face and Chrysler is the one that has been seeing less of the good type lately. However, a recent announcement from the U.S. Government may be proof that the hope Sergio Marchionne has been talking
The recent rumor in circulation about Hyundai’s intentions on a full sized pickup based around the Dodge Ram have been put to sleep by the Korean company itself. In a recent announcement, the South Korean-based automaker firmly denied the story through an official statement made by the company’s U.S. division.
Chrysler Group LLC isn’t having the best of luck overall and this is just another blow to the company image as a defect that is related to the ignition is making for a recall. The problem apparently is that the cars allow the removal of the key from the ignition before the car is shifted
Chrysler’s Jeep division has just announced pricing for the all-new 2011 Grand Cherokee and they will be starting at a manufacturer’s retail price of $32,995 including destination. The new Grand Cherokee will hit Jeep showrooms by the beginning of next month.
We all remember the horrific news that came from Detroit around a year ago but now the headlines make for pretty much opposite extras to read all about. In short, Ford has recorded $2.1 billion in profits, General Motors managed to pay off the treasury loan early despite proving profits and Chrysler have managed to
President Barack Obama said that the bailouts that the government funded for the American automotive industry had paid off. The announcement made it to the public via the president’s Web address last Saturday.
Chrysler Group LLC is one of Detroit’s big three that not a lot of people will trust to come back to life soon. Despite this, the company has recently announced that it is anticipating sales increase for a year-on-year level for April to amount up to 20%.
Fiat‘s five year business plan has left us with amazing announcements that range from resignations to rebranding. The latter one is actually related but it does raise an interesting question: Do you really want American automotive engineering mixed with Italian build quality?
Yesterday, Fiat has had a presentation of it’s five year business plan has been full of surprises, one of which was Montezemolo resigning from his position as Fiat SpA chairman. Another unexpected piece of news from this presentation was in publishing the decision that would solve how the group will handle the selling and marketing
Chrysler Group LLC has just revealed its latest figures and the most interesting one available is the operating profit margin that reaches 143 million dollars. The other interesting figure they published refers to the positive cash flow and the total of 8.9 billion dollars they have available.
Well at least this is what Sergio Marchionne, Fiat SpA and Chrysler Group LLC CEO has to say about recent undergoing procedures to cut costs at Chrysler and to eventually turn it around. Marchionne also said that in terms of the market share numbers coming out of the U.S., it’s a slow, gradual process, a
The 1st of May 2010 is when Bob Lutz is scheduled to retire from the position he occupies at General Motors as Vice Chairman. His retirement is set to be a permanent one and is anticipated to be very hard on the man who has been in this business since 1963. Lutz has already retired
Here we talk again about a luxury auto maker and of course, about a luxury car today. Last time we talked about the new Wagon of the Cadillac but this time we are going to talk about the new 2011 Chrysler 300 but this is not going to be present at the 2010 New York
Here is a very cool edition of Chrysler and I must say that I wouldn’t expect this to come from that auto maker, I was thinking at Honda or Toyota or anything like this but not a luxury auto maker as Chrysler but still they did it and still, this is a great job. This
Chrysler: Next generation of Sebring will be called Nassau
Although Chrysler have yet to confirm this themselves, their network of dealers and other people known to be familiar with the company’s future plans have been helpful in getting this information verified. When asked about the Nassau name a Chrysler spokesman declined to comment which is unsurprising since Chrysler may not want the competition to