Chrysler News

Whether a cost cutting move or an understanding that it won’t be around to enjoy the benefits, Chrysler has said that it has dropped its plans to construct a small car under a joint venture agreement with Chery of China. That means that Chrysler has only one Asian partner ...    Read more

In a weird twist of fate, many current Chrysler employees may find the jobs to be fairly secure for the time being.After an October announcement of the cutting of 5,000 white collar jobs, Chrysler offered a severance package consisting of some cash, auto vouchers, and some healthcare. It must have ...    Read more

We don’t know about you, but we hate asking for money. Well, we guess the CEOs over at General Motors, Ford, and Chrysler have the same quirks. Chrysler needs $7 billion in a bridge loan this month so that it can make it pass March, 2009. The company admitted that ...    Read more

As we all know now, Congress was not impressed with the CEOs of the General Motors, Ford, and Chrysler when they appeared before committees pleading their case for a bailout. Congress gave the CEOs a homework assignment -- come up with a plan that justifies us giving you a bailout. ...    Read more

It seems that nowadays everyone has an opinion on the dire financial straits of the Big Three automakers. The government has shown a great deal of reticence in granting a huge multi-billion dollar aid package to help General Motors, Ford, and Chrysler survive the recent sales slowdown. But is it ...    Read more

We bet if you are going to lobby your boss for a raise or ask a bank for a loan you wouldn’t be wearing an Amani-designed suit with its pockets full of cash with a brand new BMW parked just outside in the parking lot.First of all, you wouldn’t have ...    Read more

We guess Cerberus, the private equity firm that purchased Chrysler from German Daimler, is mad as heck. It appears that it thinks Daimler cheated it during the final days of negotiations that led to the acquisition. These old wounds were exposed recently because Cerberus and Daimler opened up negotiations concerning ...    Read more

Many in the press have concluded that if one, two, or all three of the domestic automakers were to fail, then the country would fall into another Great Depression. Those who think that we are a little too hyper and should calm down still agree that although we may not ...    Read more

If you thought you owed a lot of money to banks based on that subprime mortgage you signed up for two years ago and those maxed out credit cards you recently cut up, be sure to take this into consideration. Your financial mess is nowhere near as precarious as the ...    Read more

In every “Friday the 13th” horror movie, there was usually a character of an old man who would go up to the soon-to-be slaughtered teenagers and tell them that they were all “doomed.”So if the recent Congressional Automaker Bailout Hearings was a horror movie and Chrysler the “doomed” teenager, then ...    Read more

The United States is not the only country in the world considering bailout policies for automakers. It is happening in Europe, it is happening in India, it is happening in China and it is being considered in Canada. Help from Canada could give the Detroit Three a source of funds ...    Read more

While Republicans love to pontificate over lofty rhetoric about "free markets" and "smaller government" as well as their seeming recent aloofness to GM and the other Detroit automakers' ills, peeling back a few layers reveals a more telling story. To many, it seems downright un-patriotic not to support our domestic ...    Read more

Most people are kind of clueless about the transmissions in their cars. They tend to think that each manufacturer builds their own unique gearboxes for each vehicle in their particular model lines. But in reality there are only a few transmission makers out there that supply most every auto manufacturer ...    Read more

On Monday, November 17, 2008, the Congress is meeting in a lame duck session to see if they can come up with a bail out package for the auto industry.It seems, however, that as long as the Republicans can use the seats they have in this Congress but do not ...    Read more

The current condition of the auto makers is that they are in a lot of trouble and need help to get out of it. Can it hold on, though, until President Elect Barack rides his white horse down Pennsylvania Avenue?He has a lot of obstacles. One is the United Auto ...    Read more

Chrysler has been swirling in the automotive press as concern rises that one or more of the domestic auto makers will be failing soon.Pundits are beginning to wonder what would happen if Chrysler dies before the federal government bailout funds are issued.CNW Marketing Research, a research firm that forecasts industry ...    Read more

So what is an automaker if no one wants to merge with it? Worse, said automaker's owner want to get rid of it, too. Yes, we are talking about Chrysler if you haven't it guessed by now. So what’s the next alternative? Some pundits are suggesting that Cerberus could ...    Read more

There was a while there when the nation was caught up in the frenzy of a possible merger between General Motors and Chrysler. At first pundits jumped forward to knock the idea. But as days moved on into weeks, other pundits started stepping forward showing their favor for a potential ...    Read more

Auburn Hills, Mich., Nov, 2008 - Chrysler LLC is streamlining three new 2009 model-year vehicle lineups to provide an added emphasis on higher value and content, expanded availability of fuel efficient engines, and upgraded exterior appearance and improved interior materials. On three vehicles – Chrysler Sebring, Chrysler 300 and Dodge ...    Read more

Anyone remember the first ever minivan, the Plymouth Voyager and the Dodge Caravan? Guess who came up with that? Chrysler did. While Chrysler has a long and rich history, it hasn’t been without its wobbles. Yet eachh time Chrysler managed to pull a magic trick out of its hats each ...    Read more

Talk about too little, too late.Now that the initial shock caused by the news of a possible merger between General Motors and Chrysler has settled down and people have had time to think about it, investors appear to like the idea. The Detroit News reported that private investors ...    Read more

From Bob Nardelli, Chairman and CEO of Chrysler LLC: Auburn Hills, Mich., Nov 7, 2008 - Today GM released their third quarter results which included the following statement, I wanted to share with you:“ ...    Read more

If you thought the Detroit Three were doddering old men, then think about what they’re propping up. That’s right. Michigan. Chrysler and General Motors are talking behind closed doors, and we can probably expect some sort of merger* in the near future considering how many supply contracts Chrysler has ended ...    Read more

It is well known that a merger between General Motors and Chrysler will result in even more lay offs and plant closings as well as model cuts. But you may not have known that it could threaten the continuing existence of the Hemi and Cummins' engines.The talk is that GM ...    Read more

Las Vegas, Nov 4, 2008 - Mopar is in full swing with more than 400 slick new performance parts for Chrysler, Jeep® and Dodge vehicles in 2009. Mopar will showcase all-new products at the 2008 Specialty Equipment Market Association (SEMA) show, which runs from Nov. 4-7 in Las Vegas, Nev.“From ...    Read more