Today is a very important day in automotive history, well at least in Chrysler’s history. As you all probably know by now, Chrysler has filed for a “short surgical bankruptcy” after which it will form an alliance with Fiat. The bankruptcy is expected to last 30 to 60 days.
Don’t be afraid to buy a Chrysler : President Barack Obama made it clear this morning that if any of you are considering buying an American vehicle, you should not be afraid to purchase a Chrysler since the government will back your vehicle’s warranty. – egmCarTech (that’s us)
Pontiacs unlikely to become collector items : For those of you rushing out to buy a new Pontiac and are hoping to flip it in the future as a collectors item, stop right there. General Manager Ron Huting says that since the new models aren’t ‘rare,’ new Pontiacs aren’t significant to collectors like a Corvette. – Open Road
Fiat says that alliance will create two strong companies : Fiat CEO Sergio Marchionne said that Fiat and Chrysler will be stronger players in the global auto industry. – Detroit News
“Our goal since we first entered discussions with Chrysler nearly a year ago was to leverage the strengths of both companies to yield the scale, efficiencies and cost savings necessary to create two stronger automakers able to compete more effectively on a global scale. ”
egmCarTech Updates : We’ve been working very hard to get in touch with automakers to provide us with vehicles for first drive features and reviews. We just wanted to let you know that we’ll be getting the Hyundai Genesis Sedan and Coupe, the 2010 Nissan 370Z, Nissan Cube, 2010 Ford Fusion Hybrid, 2010 Chevrolet Camaro and the Infiniti G37 Convertible within the next 2 months. So stay tuned and keep reading egmCarTech.
– By: Omar Rana