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Jeep is the quintessential off road brand, with the first Jeeps ever built going to the military. Jeep has barely changed its styling over the last 50 years, but the brand has a strong and loyal following. Models to watch: TJ, Rubicon, Grand Cherokee SRT8
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Report: 2011 Jeep Grand Cherokee May Be Delayed Due to Parts Dispute with Daimler
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Chrysler only has one product set to launch in all of 2010 and now one of its 2011 vehicles is in jeopardy. The all-new 2011 Jeep Grand Cherokee may be delayed due to a parts dispute with the company’s former owners at Daimler. Daimler was supposed to supply axles for the new Jeep SUV, but…
Report: Chrysler Ends Engine Alliance With Mitsubishi and Hyundai
In a brief statement, Chrysler has announced that the Global Engine Manufacturing Alliance (GEMA) is now entirely owned by the U.S. automaker, with both former partners, Mitsubishi and Hyundai, having sold their parts of the company. This may sound like a dull bit of business news, but it could most certainly have a big impact…
Report: Chrysler Deputy CEO Jim Press to Leave By Year’s End
Chrysler’s deputy CEO Jim Press is planning to quit his post before the year’s end, reports the Wall Street Journal. Press took the helm of Chrysler in 2007 when Cerberus Capital Management took a controlling share in the company. He moved to the position after a lengthy 37-year career at Toyota Motor Corp. When Chrysler…
Report: Chrysler Drops Lifetime Powertrain Warranty
According to a report from the Pentastar nuts over at AllPar, Chrysler will be dropping its lifetime powertrain warranty on almost all of its vehicles. But it’s not all bad news. Back when Chrysler introduced the seemingly too-good-to-be-true warranty it didn’t overly publicize the fact that it wasn’t transferable. As a result, plenty of second…
Breaking: New Chrysler Incentive Doubles Cash-for-Clunkers Rebate
In a bid to get inventory moving out of showrooms in a hurry, Chrysler has decided to offer a new incentive program that would double the value of the government’s cash-for-clunkers program. Chrysler will offer $4,500 off (or 0 percent financing for 72 months) on most of its 2009 inventory – excluding the Dodge Challenger,…
Future Uncertain For Chrysler Sebring, Dodge Caliber, Jeep Patriot and Compass
Now that Fiat CEO Sergio Marchionne is at the helm of the new Chrysler he is looking at making some changes. For starters, the Chrysler Sebring and Dodge Caliber, as well as the Jeep Patriot and Compass may get the axe. Marchionne is looking at cutting under-performing models from the Chrysler lineup, with a particular…
Fiat Says It Won’t Walk Away From Chrysler Deal
When the U.S. Supreme Court delayed the sale of Chrysler to Fiat yesterday it put the whole contract in jeopardy, giving the Italian automaker the opportunity to walk away if the sale isn’t approved by June 15th. Fiat CEO Sergio Marchionne has, however, confirmed his commitment to the purchase, saying that it would not deter…
U.S. Supreme Court Delays Chrysler Sale to Fiat
A U.S. Supreme Court judge has delayed the sale of Chrysler to a new Fiat-run company. The move by Justice Ruth Bader Ginsburg came just before a 4 p.m. deadline set by a New York appeals court would have seen the sale completed. The statement by Justice Ginsburg was just one sentence and gave no…
Terminated Chrysler Dealers Must Sell Inventory by June 9th
Those 789 Chrysler, Dodge and Jeep dealers that were cut loose by Chrysler as a part of its bankruptcy and restructuring plan have until June 9th (next Tuesday) to part with their remaining inventory. Because of the dealership contract that they signed, dealers aren’t allowed to sell off the cars once the contract expires. And…
Chrysler to Close 789 Dealerships by June 9th
According to the latest bankruptcy court filings by Chrysler, the company plans to cut 789 dealerships (one quarter of the current dealer network) in an effort to emerge as a financially viable company. The company sent out overnight letters to the dealerships that will be eliminated. As expected in bankruptcy, Chrysler will not buy-back the…
Chrysler Resale Values Drop 6% In One Week After Bankruptcy Filing
Resale values on Chrysler products like this Dodge Challenger SRT8 went up in smoke after the company filed for bankruptcy. According to Automotive Leasing Guide, the resale value of a Chrysler vehicle dropped six percent in the week following the company’s Chapter 11 bankruptcy filing. In just seven days the uncertainty about Chrysler’s future crept…
Chrysler Bankruptcy May Take Two Years Says New Report
From start to finish, Chrysler’s bankruptcy proceedings could take as long as two years, according to a Bloomberg report. The article cites an administration official, and says that the initial period of 30 to 60 days for the “quick and surgical” process only refers to the period required to sell the major assets to a…
Chrysler Bankruptcy Filings Shed Light on Which Fiat Models Headed for U.S.
The Fiat Panda is just one of several cars that will be sold in the U.S. under the Chrysler/Fiat alliance. It will most likely be badged as a Jeep. There has been plenty of speculation as to which Fiat vehicles will make it on to North American roads as a result of the merger with…
Chrysler Bankruptcy Plan All But Approved
Our team over at GMInsideNews is reporting that the judge overseeing the Chrysler bankruptcy proceedings has thrown out the arguments made by the hold-out bondholders. By removing the only objection to the process, the bankruptcy proceedings can now be fast-tracked and the Fiat merger can go ahead. During President Obama’s press conference last week, when…
Before Bankruptcy Chrysler Tried to Sell to Chinese, Partner with Everyone
Before Chrysler filed for Chapter 11 late last week the automaker explored every option, including selling the company to the Chinese and forging partnerships with any other manufacturer that expressed even a remote amount of interest. In public bankruptcy filings, made at the U.S. Bankruptcy Court in New York, Chrysler’s co-president and vice-Chairman Tom LaSorda…
Chrysler to Idle Plants During Bankruptcy
Starting Monday, Chrysler will idle most of its plants as the company restructures under a Chapter 11 bankruptcy filing. This will include 8 U.S. assembly plants, as well as facilities in Canada and Mexico. Other pre-assembly facilities will also face temporary closure including five North American engine plants, six stamping plants and seven transmission plants….
Chrysler Officially Bankrupt: Merger With Fiat A Done Deal
At a mid-day press conference President Barak Obama made the official announcement that Chrysler will in fact file for Chapter 11 bankruptcy protection. Included in the announcement was the news that Chrysler has also reached an agreement with Fiat. “I can report that the necessary steps have been taken to give one of America’s most…
Obama to Announce Chrysler Bankruptcy Tomorrow
President Obama is expected to announce tomorrow that Chrysler will in fact file for bankruptcy; according to a report by Bloomberg. The Wall Street Journal, however, says that Obama currently has two speeches drafted for tomorrow’s press conference: one if the struggling automaker files for Chapter 11, and one if it doesn’t. The Chapter 11…
Chrysler/UAW Agreement Gives Union 55 Percent Share of Automaker
Less than a day after the UAW, Chrysler and Fiat agreed upon the terms of a contract that would keep the struggling U.S. automaker afloat, details of the agreement have surfaced in which the union will take a controlling share in Chrysler. At first it seemed almost too good to be true that all…
CAW Burns Nardelli/LaSorda Letter and Responds With Its Own
The Canadian Auto Workers union, after burning the letter written by Chrysler CEO Bob Nardelli and joint-president Tom Lasorda, has now responded with its own statement. CAW president Ken Lewenza denies that a $19 labor gap exists between Canadian and U.S. workers and refuses to re-negotiate a contract that has already been re-neogotiated. Lewenza calls the…
Fiat Ready to Walk on Deal With Chrysler After Canadian Union Refuses to Budge
Fiat is about ready to walk away from a potential partnership with Chrysler says CEO Sergio Marchionne unless the U.S. automaker can significantly cut labor costs. While the United Auto Workers union has made it known that it is willing to work with Fiat and Chrysler management, the Canadian Auto Workers union isn’t. “From what…
2011 Jeep Grand Cherokee Gets Gussied Up for New York Auto Show
Jeep chose the New York Auto Show to unveil the all-new 2011 Grand Cherokee, the latest version of the what Jeep calls, “the original premium SUV.” With a pleasant and masculine exterior, the real big difference is inside where the cabin gets a significant update. In fact, the leather on the model shown at the…
Chrysler Solidifies Deal With Fiat…That Was Quick
*** UPDATE *** Moments after Chrysler released an announcement that a partnership with Fiat was a done-deal, the American auto manufacturer released another statement with slightly revised wording stating that it had just a “framework” of a deal in place. *** UPDATE *** Hours after President Barak Obama gave Chrysler a deadline of 30 days…
Obama Gives GM/Chrysler Bankruptcy Deadlines
Just ahead of the Obama Administration’s press conference today, some of the most important details are already out. General Motors is to be given 60 more days to complete its restructuring plan, while Chrysler is being given just 30 days to finalize a partnership with Fiat. This news comes as both fumbling U.S. automakers are…
