We’ve been providing you live updates on Chrysler’s 5-year business plan press conference all day. However, some of the things being discussed this morning are more significant and deserve their own post. Chrysler and Fiat said today that V8 engines will account for only 11 percent of the mix by 2014 – down from 18 [...]
Chrysler Group LLC is not burning through cash and has improved its positions since Fiat SpA took over in June, CEO Sergio Marchionne said earlier this morning. “Some of you have been surmising we’re burning through cash,” Marchionne said at the company’s presentation of its five-year plan. “This is not true.” Compared to $4 billion [...]
Ralph Gilles, CEO of the Dodge brand, said today that “eleven Dodge vehicles will be redesigned or significantly refreshed by 2014.” In the fourth-quarter of 2010, Dodge will introduce a brand new 7-passenger crossover / SUV. Also in the works is an update for the Dodge Avenger sedan for next year and an update for [...]
Speaking at Chrysler’s 5-year business plan conference today, president and CEO Ralph Gilles confirmed that Chrysler will produce only 500 more units of the Dodge Viper. A new sports car will replace the Viper in the summer of 2012 and it won’t be anything like the old-school model. Gilles said that the new sports car [...]
49-year-old Jeremy Clarkson said that the only way to ensure that Top Gear doesn’t offend anyone would be if none of the hosts spoke. “One day we’ll do an episode of Top Gear in which none of us speak,” Clarkson said. ”It’s the only way they will have nothing to complain about. I don’t think I’ve [...]
More than 400 journalists, analysts, dealers and public officials are in Auburn Hills, Michigan today as Chrysler ‘s CEO Sergio Marchionne outlines the company’s 5-year business plan. We’re gathering updates from Twitter and other sites around the web. Keep checking back for updates. Paolo E. Ferrero, Senior Vice President Chrysler Powertrain says the new highly [...]
According to a report by the Business Standard, Tata Motors may let other local car assemblers build its Nano and sell it as their own brand. Vice Chairman Ravi Kant said that Tata is considering allowing assemblers to set up a micro-assembly sites across the country to produce about 10,000 Nanos a year. “We call [...]
Joining Japanese rival Honda, Toyota announced its plans to withdraw from the FIA Formula One World Championship by the end of the 2009 season. “Toyota has engaged in F1 racing for eight seasons, starting in two thousand two,” Toyota’s President Akio Toyoda said at a press conference “But we will conclude our participation in F1 [...]
After driving the BMW 135i, we always wondered if BMW would do an M version of the 1-Series. According to sources that spoke with AutoCar, BMW is looking at a new M model that would fit below the M3 based on the next-generation 1-Series. “We”re conscious that our existing customers are gravitating towards larger and [...]
U.S. Treasury spokeswoman Meg Reilly said yesterday that the Obama administration did not get involved with General Motors’ decision to keep and restructure the Opel brand. “The administration was not involved with this decision, which was made by GM’s Board of Directors,” Reilly said. GM announced yesterday that it has decided to keep Opel and expects [...]
