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Chrysler Reviews and News

Chrysler 300 Limited V6 2012 review
By Stuart Martin · 31 Oct 2012
This is how to drive around feeling like you're in a rap video clip. The new Chrysler 300 (the C is used on the mid-spec models but is absent from the entry-level car and the SRT8) has taken a big step forward mechanically but retained some of the head-turning gangsta looks that set it apart from the rest of the blancmange large car segment.The big Yank - now with Italian masters - has waded back into the big-car battle with plenty in its arsenal, including the new 3.6-litre V6 engine hooked up to an eight-speed ZF auto.The 300 Limited starts off with pricing on its side - at $43,000, its features list is well up to the task of taking on the locals. Cloth trimmed power-adjustable (front) seats, a 60/40 splitfold rear seat, satnav, 18in alloy wheels, an Alpine sound system, a leather-wrapped steering wheel with audio, cruise and trip computer controls and dual zone climate control with rear vents.There's also keyless entry and ignition, three 12-volt outlets, automatic bi-xenon headlights and LED daytime running lights, heated and folding exterior mirrors, a tyre pressure monitoring display, parking sensors and a reversing camera. Optional on this base model (but fitted to the test car) is the Garmin satnav part of the sound system.The new petrol V6 engine has been heralded for its efforts in other Chrysler Group products and nothing changes here. The smooth, quiet and powerful 3.6-litre unit has dual overhead camshafts and variable valve timing producing 210kW and 340Nm - Chrysler claims 13.9l/100km around town and 6.7l/100km in highway driving from the 72-litre tank.An overall combined cycle number of 9.4 litres per 100km wasn't quite reflected by the trip computer - we finished our predominantly metropolitan time in the 300 with a 12l/100km figure - not thirsty enough to warrant the massive $5000 price premium for the more frugal diesel.While some of the numbers stack up well against the locals, the Chrysler's trump card is its eight-speed ZF automatic transmission, which gives it long legs on the open road. The only drawback to the slick and clever auto is the shifter - an electronic link to the transmission that requires a deft touch to avoid sliding past Reverse and into Park. The big sedan feels tighter and stronger than its predecessor, with increased use of high-strength steel in the body structure.It's bold, squared-off and handsome - the new 300 is being marketed with phrases like timeless and elegant; it is more elegant in some ways than its predecessor, but maintains the different look that sets it apart from the repmobiles on our roads.This is a big beasty, measuring just over 5 metres long, and 1.9m wide, but 1.5m tall, with a 3.1m wheelbase - and you'll need long arms to reach fully-open doors from a seated position. Plenty of chrome bits, dual exhausts and bling headlights all give it a distinctive look, although more than a few people miss the old Bentley-esque grille.The cabin is comfortable and roomy, without being as cavernous as you might expect within - four adults are easily accommodated and boot space of 462 litres will carry their gear, although the wheel arches intrude on the load space.While there's no NCAP rating on the big sedan yet, the 300 has stability and traction control, rain brake support (which uses slight pad pressure to dry the brakes when wipers are on), ready-alert braking (that moves brake pads closer to the disc face for quicker brake response if there's a sharp step off the accelerator pedal), hill start assist and anti-lock brakes.There are (thankfully, given the dimensions and the high rump) front and rear parking sensors and a reversing camera. Airbags number seven in total - dual front and front-side air bags, a driver's knee air bag and full-length curtain airbags. In its US homeland, the Insurance Institute for Highway Safety proffers a "good" crash rating and the National Highway Traffic Safety Administration awarded it five stars.Don't buy one of these if you're an introvert, as it is still a head-turner, evidence that Aussies still like large cars, even if they're not buying as many. This is a large machine and certainly feels tauter and less of a barge than its forebears.It has lost much of the lumbering lethargy that afflicted its ancestors as well, due in no small part to the more lively powerplant and improved chassis tune. The driveline provides smooth and quiet daily commutes without drinking heavily, with open-road manners that are more than acceptable as well.It still doesn't have the steering or balance that you might expect from a big rear-drive sedan if you use the Ford and Holden as yardsticks - it is certainly much better but the RWD locals still have it covered for steering response and balance.The cabin is very comfortable, has good storage facilities and the features list is more than worthy, including some clever and not-so clever touches - foot-operated park brakes are not a favourite. The sun visors are very effective - they cover the long door side by means of extensions and a sliding function.Full control by the driver of the sound system comes via buttons on the back of the steering wheel spokes - not a new feature but one that is worth mentioning as it leaves the wheel face a little less cluttered.
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1934 Chrysler Airflow
By David Burrell · 24 Oct 2012
But back in the day they made big news in the USA. They are widely recognized as the first truly modern car. In the early 1930s Walter P. Chrysler decided to make a definitive statement by marketing a truly unique car to the US buyers to celebrate the tenth anniversary of the founding of the company which bore his name. Mr Chrysler gathered his three favourite engineers, Carl Breer, Fred Zeder and Owen Skelton and gave them the task of designing an aerodynamic car. Form and purpose was to drive function and styling. Chrysler said it was how cars would be built, ride and look in the future. The engineers decided that the passenger compartment should be cradled between the axles so that rear seat passengers were not subjected to a harsh ride while perched over the rear axle, as was the case in all other cars of the time. This was achieved by moving the engine forward over the front wheels by ten centimetres. Cabin space was dramatically improved as well and the Airflow was the first American car to seat three abreast in comfort. While cars of the day still had wooden frame bodies attached to a heavy chassis, the Airflow featured a steel truss famed body welded to a lightweight chassis. This delivered surprising rigidity and passenger safety for the era. The suspension was also a departure for conventional wisdom. The engineers lengthen the front and rear springs, delivering that classic American car "boulevard" ride-soft, cushy and isolated from the road. All the other manufacturers followed, quickly. Not content with all of that innovation, it was the first car subjected to serious wind tunnel testing. Orville Wright supervised it all and the results determined the Airstream's very different shape. Too different a shape, as it turned out. Despite rave reviews at the New York Auto show in January 1934 the rounded, sloping nose and tear drop rear end did not find favour with the buying public. Sales never met expectations and within 18 months a companion model, the Airstream, was released with a less radical front end. But the damage was done and by 1937 the Airflow was withdrawn. An Airflow prototype still exists today. It is on display at the Chrysler Heritage Museum in Detroit. It's painted a dull brown but its future focus is evident when compared to other cars of the day. An Airflow was driven in the 1953 Redex Trial. There are less than ten currently in Australia. Toyota's first car, launched in 1936, was a slightly smaller copy of the Airflow. www.retroautos.com.au
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Chrysler 300 SRT8 Sedan 2012 review
By Philip King · 23 Jul 2012
The modern car that most closely resembles a classic gangster staff car comes from Chrysler. Its 300C, sold here from 2006, had the face and proportions of a 21st-century Capone-mobile. It offered something different to the Fords and Holdens made here and pinched some of their turf.Back then it was a gnat-bite. Large sedans commanded 140,000 buyers a year in 2006 and the 300C sold a total of 7000 over five years.Now Chrysler is back with a new version and boss Clyde Campbell thinks it can do better this time. Two to three times better. "That segment (large sedans) hasn't received good press for 10 years,'' he says. "We think there's a way to make it work.''Campbell believes the 300 -- this time the "C'' denotes just one of three trim levels -- can do for the near-dormant Chrysler brand what the Grand Cherokee has done for Jeep, another member of the group. It's been selling its socks off.The strategy is similar: load it up with gear and sell it at a super-aggressive price. The entry 300 gets a new 3.6-litre petrol V6 teamed with an eight-speed automatic -- unknown at this level -- for $43,000.That's line ball with a Commodore SV6 and below a Falcon G6E. The flagship SRT8, with a 6.4-litre V8, big brakes and track pedigree, is $66,000. An HSV Clubsport with auto is $70,000 while an FPV Falcon GT is more than $71,000. On value they'll be hard-pressed to match the 300 because it's a lot of car for the money.A great big gateau of a car, in fact, at more than 5m long and weighing about two tonnes. In top-spec SRT8 trim it gets 20-inch wheels, huge leather seats, heated or cooled everything, and a control screen IMAX would envy.The sound system boasts no fewer than 19 speakers. Some kit, such as blind spot monitoring or forward collision alert, is not yet available on the locals. The base car misses out on leather, which feels essential in this car, but still gets park sensors, a reversing camera, power seats and auto lamps.So there's a lot of icing on this cake but in engineering terms, it was baked the day before yesterday. The underpinnings were borrowed from Mercedes when Daimler was running Chrysler, and there are bits from the previous generation E-Class and an even older S-Class.The five-speed transmission is also a vestige of that period and it remains the only option if you want the 3.0-litre diesel or V8, and both these engines are developments of the previous units. The parking brake is old-tech foot-operated.The design has been refreshed and the cabin is a big lift in terms of material quality and sound insulation. However, interior space is modest for a car this size, with adequate rather than generous space in the rear.The sunroof, if fitted, crimps head room in the front and the boot, at 462 litres, is smaller than the locals. Fit and finish is nothing special either.The big V8, upgraded from the previous 6.1, sounds the part and has a thirst to match, with consumption of 13.0 litres per 100km on average. That's despite being able to shut down four pistons when cruising.The V6s were sampled on a slightly drier road loop. The diesel is the economy champ, of course, at 7.1l/100km, and there's nothing equivalent in the Falcon-Commodore. It can sound coarse at idle but it's quiet on the move, with ample torque to lug the 300.However, the 3.6 petrol would be my pick out of the two V6s; with its strong mid-range it can handle the car's mass and has a great soundtrack. It also has the advantage of a very smooth eight-speed automatic and on 20-inch wheels achieves 9.7l/100km economy, which at least puts it in the same ball park as the locals.The hoodlum in me warmed to the menace of the original's exterior design; this one just looks odd. Today's gangsters have moved on. Anyone who has seen a television series such as The Wire knows their preferred wheels are enormous SUVs with tinted windows and chrome rims.Crims are just like the rest of us -- they've switched out of large sedans. The exterior design has lost its clarity. Its chin protrudes and the headlights have become generic. The SRT8 has a clumsy spoiler extension to the boot lid.Phillip Island racetrack was the launch venue for the SRT8, which struggled to apply its 347kW in wet and slippery conditions. Any wayward throttle brought the stability control into play and I was tiptoeing through corners.The SRT8's lowered performance suspension and track tuning failed to disguise its weight. This is not something you want to push around a rainy Phillip Island. It would have been a different beast in the dry.Chrysler believes sub-5.0 second 0-100km/h times are possible when the sun shines. I recorded 5.7 seconds on one damp run and the wheels spun for a fortnight.On those huge rims the ride is a bit detailed and fussy. Although the suspension has been tweaked and body stiffened, the 300 still feels ponderous when the roads get twisty. There's nothing alert about the way it changes direction and I was never certain when it was going to settle into a corner.The steering and pedals are fine, but pressing on in either V6 requires concentration. In this respect, and most others, this 300 feels like an evolution of the previous car. It's better and it's cheaper, but essentially the same beast.
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Iconic Salters brand lives on
By CarsGuide team · 23 Jul 2012
General sales manager Bruce Partridge said the sales, service and parts teams had a wealth of experience and knowledge in all things automotive, combined with an unrivalled enthusiasm for the brands to share with every customer that visits."At Salters Chrysler Jeep Dodge we pride ourselves on exceeding the expectations of our customers, providing the best in service, sales and care,'' he said. "From buying the perfect car for a customer and their family to providing its 200,000km service, Salters Chrysler Jeep Dodge will be there every kilometre of the way."We look forward to welcoming customers to Salters Chrysler Jeep Dodge.'' The Salters brand lives on at Moorooka following the acquisition of the iconic car yard by Centenary Motors last year. After 37 years on the Moorooka Magic Mile, Alex Salter retired, but the dealership continues to trade under the Salters name, including new and used Chrysler, Jeep and Dodge vehicles. 
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Chrysler 300 2012 review
By Ewan Kennedy · 17 Jul 2012
A new home and a new family waiting to move in – that’s what’s on the agenda for the Fiat Chrysler Group in Australia right now with the new, almost-finished HQ at Port Melbourne being the scene recently for the launch of the company’s latest 300 range of large sedans.Along with the new 300s come the first eight-speed automatic transmission in a large car costing less than $70,000, a choice of V6 petrol or diesel power, or V8 petrol, a dynamic suspension, more than 60 advanced safety and security features, carbon fibre and wood grain finishes and Napa leather upholstery.Kicking off the Chryslers is the 300 Limited, then comes the 300C, the 300C Luxury and the range-topping SRT8. Prices start at $43,000 for the petrol Limited, the diesel adds $5000, and top out at $66,000 for the Hemi V8 SRT8.Power is supplied by a choice of three engines – V6 petrol and diesel and a V8 Hemi petrol, all driving through the rear wheels.The entry level 300 Limited is powered by Chrysler’s 3.6-litre Pentastar petrol V6 engine producing 210kW of power and 340Nm of torque. It’s mated with the all-new eight-speed ZF automatic transmission, providing greater fuel efficiency with powerful performance via an all-new electronic e-shifter.The motor, says the maker, will return fuel efficiency of 13.9 litres per 100 kilometres in urban driving and 6.7 L/100 km on the highway, covering the 0-100 km/h sprint in just 7 seconds. The V6 diesel, mated with the standard five-speed automatic transmission, returns 9.5 L/100 km in town and 5.7 L/100 km on the highway. With 550 Nm of peak torque on tap from a low 1800 rpm it will propel the 300 from rest to 100 km/h in 7.8 sec, on its way to a top speed of 230 km/h. Topping off the power plants is the all-new 6.4-litre Hemi V8, one of the world’s most powerful naturally aspirated V8s, punching out 347 kW at 6100 rpm and 631 Nm of torque at a low 4150 rpm. A combined fuel consumption cycle of 13.0 L/100 km, with carbon dioxide emissions of 303 g/km is claimed.I get the impression the cabin is more open than in its predecessor; an impression that’s backed up by the addition of a quarter-light in the rear doors resulting in a six-window design that, along with a lower belt line and thinner pillars, increases visibility by 15 per cent. The upper windscreen edge is 76 mm higher, providing improved visibility at traffic signals.The Chrysler 300’s Electronic Vehicle Information Centre is an interactive colour display in the instrument cluster that allows the driver to select and customise  settings such as fuel economy, distance to empty, engine temperature, fluid levels and tyre pressure.It’s well accepted by automobile manufacturers that cars without sufficient cupholders go nowhere. Centre console-mounted slots in the 300 range have heating (red lighting) and cooling (blue lighting) capacity.As before, there’s nothing restrained about the exterior, a high beltline supporting a larger body-to-side glass proportion than before; flared arches providing a perfect frame for 18-inch (300 Limited and 300C) or 20-inch aluminium wheels (available 300C, standard 300C Luxury and SRT8). There’s chrome on every corner and then some.A raft of safety features has already earned the Chrysler 300 the top rating from the US Insurance Institute for Highway Safety in front, side, rollover and rear crash tests. As well as Electronic Stability Control and Traction Control, standard safety features include full-length side curtain airbags, seat-mounted side thorax airbags, driver’s knee airbag, dual front seat belt pre-tensioners and front reactive head restraints.With discs all round, ABS anti-skid brakes have Brake Assist, Ready Alert Braking and Rain Brake Support, the last of which gently applies brakes to dry out the discs when the wipers are working. Hill Start Assist holds the brakes on inclines to prevent the vehicle rolling backwards. Keyless entry is operated by the holder of the fob merely tugging the door handle. Doors close with an assuring clunk. Starting the engine is by means of a dash-mounted button when the foot brake is depressed.Battery charge and tyre pressure monitoring impart an added feeling of security, while a reversing camera image is projected on to an 8.4-inch touch screen – the largest in class – with guidelines for easy manoeuvring in limited space.All were tried out on a track and road day on and around Phillip Island in conditions that were more conducive to wading than driving. The rain was a constant companion throughout the proceedings, reining in performance on the track in an SRT8. Even so, the rear-wheel drive V8 showed its potential when powering out of corners, wheels spinning freely, the tail wagging enthusiastically. Easing off, the electronic stability control was quick to bring things back in order. On the road the 300C, in diesel and petrol versions, provided a smooth, quiet and relaxed ride. Any rough edges have been ironed out in design and development. The Yanks have come up with less tank, more carriage.The feel and grip of the four-spoke thick-rimmed steering wheel have been enhanced and comes standard with tilt/telescope adjustment for driving comfort. The wheel incorporates cruise control or adaptive cruise control buttons on the front, audio controls on the rear. At night, HID Bi-xenon headlamps project three times the brightness of conventional headlights, while an adaptive system moves the beams from left to right in line with vehicle speed and steering wheel input and is self levelling in keeping with crests and dips in the road.
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Chrysler 300C SRT8 Sedan 2012 review
By Peter Barnwell · 11 Jul 2012
If you wan't to live out your American V8 muscle car fantasy with a new Chrysler 300 in the garage then it will have to be the top-whack SRT8 model at around $66,000.The previous 5.7 V8 has dissoed making way for a pair of less lively V6s with wheezy voices — the Pentastar 3.6 petrol (port not direct injection) and the (carry-over) VM-Motori 3.0-litre turbo diesel.This is version two of the chunky Chrysler 300  — essentially a comprehensive make over using the same chassis (from an earlier 1990s Mercedes-Benz E-Class) and sundry changes to the sheetmetal, interior and specification.Plenty of safety stuff from Chrysler's earlier links with Benz has trickled down into the new 300 some of it optional or available on higher grade models. The look has been influenced by Fiat which owns Chrysler so some elements of the Lancia Thema (European Chrysler 300) have transferred across.Is it a good lookin' "tough guy'' like the previous model? Not really. Put the two side by side and you'll see. The earlier one nails it while the new one looks like a committee effort, bit of this, bit of that with squinty headlights and overstyled tail lights.But Chrysler Australia has driven a hard bargain with its new Italian overlords and hits the market with a starting point of $43,000 for the 300 V6 Limited petrol complete with an eight-speed ZF automatic transmission, 18-inch alloys, decent audio, bi-xenon headlights, power front seats, rear view camera and the US equivalent of a five star crash rating.It is a serious temptation for someone shopping Holden Berlina or Falcon G6. The next step up is 300C which scores the leather treatment and more kit, then there's the 300C Luxury on top of that.The three grades are available with petrol and diesel V6 engines, diesel attracting a $5000 premium but with only a five-speed auto transmission. Those V6 engines are good for 210kW/340Nm on the petrol and 176kW/550Nm on the diesel. The 6.4-litre petrol V8 in SRT 8  generates 347kW/631Nm, comfortably out-powering anything from HSV or FPV.Fuel saving technology on the petrol V6 includes variable valve timing while the V8 gets cylinder deactivation and variable valve timing (on an overhead valve engine) but still only a five-speed auto. The petrol V6 is capable of returning 9.4-litres/100km, the diesel 7.1 and the V8 13.0.It's a weighty beast perched between 1800kg-2000kg model dependent. That's a lot of lard to be hauling around but Chrysler has honed the 300's suspension on all models to offer a surprisingly high level of comfort coupled with a sporty feel. The steering is also relatively direct and offers a respectable turning circle.But the smallish brakes on the SRT8 would last perhaps a couple of heavy applications from high speed before losing the plot. There's plenty of grip from the big tyres fitted to all models and  the venerable chassis has been reinforced with judicious application of high strength steel in key areas.On the road it's difficult to choose between the petrol V6 and the diesel, the former with a decided torque advantage offering strong roll on acceleration while the eight-speed tranny in the petrol captures available power and torque smoothly and efficiently to push the big 300 along with purpose.It's certainly a more engaging drive than a "Falcadore.'' The interior is a breath of fresh air with classic touches and splashes of the latest technology.
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Chrysler sales on the rise
By Paul Gover · 25 Jun 2012
The American brand is claiming a record result for the 12 months to the end of May, thanks to the best Jeep performance since the 1990s.Chrysler is also about to light a showroom afterburner with the long-overdue return of its flagship 300C - which has been missing from the lineup for more than a year - and the addition of new SRT8 performance versions of the C-car and Grand Cherokee.The bottom-line number from June 2011 to May 2012 is 15,528 vehicles, a 30 per cent increase over the same period a year earlier. “We are delighted with the group’s sales to date, which show a very strong, consistent rate of growth,” says Clyde Campbell, managing director of the Fiat Chrysler Group.He is one of the keys to the change, taking over the reigns just as Chrysler Jeep Australia was rolled into the global Fiat Chrysler Group and driving everything from a wider model lineup to the shift to a new inner-city corporate headquarters in Melbourne.There is sill a lot of change to come, with doubts over the local future of the Dodge nameplate and a massive expansion of the Fiat family with backing from Europe, but Campbell is optimistic. "The rest of the year looks to be an absolute stand out for the Chrysler and Jeep brands," he says.Reviewing the results for the past year, Campbell says Chrysler Jeep deliveries of 11,931 vehicles in the 2011 calendar year was the best bottom line since 1994 - when the brand was still in the hands of a private importer, Astre Automotive.The arrival of the all-new Grand Cherokee, which is finally a Carsguide recommended vehicle thanks to a new approach to quality and comfort, powered it to the top of the Jeep chart with 5590 deliveries. But Campbell says the introduction of two-wheel drive versions of the Jeep Compass and Cherokee also made a significant contribution to the local growth. 
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My 1965 Valiant "GT" 4 door Fastback
By David Burrell · 19 Jun 2012
Rather than advertise, he decided to build an attention getting car, which would show off his skills.In America the Plymouth Barracuda had just been released. They were a two door version of the Plymouth Barracuda, with a huge and distinctive back window which wrapped over the rear half of the car.Tony figured that importing a Barracuda and converting it to right hand drive was too costly for his budget. But good old Aussie inventiveness won the day. Tony decided to build a 4 door Barracuda, using a local Valiant as a base.A 1964 Valiant, with rear end damage , was bought from a wrecker for only $900. "I employed a friend of mine, Graham Hurst, to do the body work. The mangled rear panels behind the rear doors were removed and the sub frame was straightened. Graham hand crafted new rear mudguards from 20 gauge steel", Tony told us."The boot lid and fastback roof panels were also hand fabricated then welded in place and the seams lead wiped for a flush finish". "We then finished it all off with ten coats of Tartan Red paint, the same colour used on the MGB."The tinted rear window was the most complex part of the process. It was made from perspex. To get the right shape, Tony had moulds made in fibreglass .These were used to shape the perspex. This was done by G&S Motor Bodies in Carlton NSW at a cost of $120.The interior was the show piece for Tony's business. The front boasted fully adjustable bucket seats from a Porsche. The rear seat cushion was redesigned so that it would fold flush to the floor, like a station wagon. All the door trims and seats were covered in black doe hide.The headlining and sun visors were black perforated vinyl .Black plush carpet was used throughout. Tony says the Valiant GT Fastback was often mistaken for a Plymouth Barracuda. The car was an absolute stunner and featured in local car magazines, including Australian Hot Rodding. So, just where is this car now? Well, Tony does not know. He sold it and it has passed into the mists of time. Maybe it is still out there, somewhere? Mind you, Tony does know where another car he built went. In 1970 he was one of the first to insert a V8 in the then new Ford Capri. A guy named Jack Brabham bought that one. 
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Jeep Compass and Chrysler Grand Voyager axed
By Karla Pincott · 30 May 2012
Fiat-Chrysler CEO Sergio Marchionne announced overnight that the Jeep Compass and the Chrysler Town & Country – known here as the Grand Voyager -- would be dead in two years.The decision is part of a series of money-saving moves to remove product overlaps and give brand clearer identity, differentiating more between Chrysler, Jeep and Dodge, plus the new separated Ram and SRT sub-brands spun off in the US.The Jeep Compass is virtually a Jeep Patriot under its skin, while the Grand Voyager is an up-specced version of the Dodge Grand Caravan sold in overseas markets.The Grand Voyager minivan – a category Chrysler claims to have started -- will eventually be replaced by a smaller crossover-type vehicle, possibly keeping the Town & Country nameplate in the US at least.However in the interim the Dodge version will be the only minivan/peoplemover in the Chrysler line-up around the world.And that could mean a gap for Australia, where Chrysler is also considering dropping the Dodge brand – currently represented here only by the Dodge Journey SUV-styled peoplemover.Chrysler Australia spokesperson Lenore Fletcher says the death of the Compass and Grand Voyager would be a “natural” one. “In talking about the Compass, that would be part of the natural turnover cycle – the product life cycle,” she says.However Fletcher could not confirm whether Australia would be on the map for the dying models’ replacements. “Obviously that section of the market is in a very healthy state, and we’re keen to remain in it,” she says.“Naturally we’ll be looking at whatever products become available and evaluating their suitability to the Australian market. I don’t think we’re going to be without product.“We are really at the moment looking at the Chrysler and Jeep line-ups – we’re just about to launch the Chrysler 300 -- and we’re very positive about our volume expectations in the next 12 months.” 
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Chrysler income sees 300% rise
By CarsGuide team · 07 May 2012
Chrysler has reported preliminary net income of $473 million for the first quarter of 2012, up more than 300 percent from $116 million a year ago. The company which filed for bankruptcy not so long ago cites a 40 percent increase in domestic retail sales for its change of fortune. "We continue to deliver on the targets in our five-year plan and are now focused on successfully launching the Dodge Dart, a car that is a true melding of Chrysler's and Fiat's engineering and styling strengths," said CEO Sergio Marchionne.  Revenue for the quarter was $16.4 billion, up 25 percent from $13.1 billion in the first quarter of 2011, driven by a 25 percent period-over-period increase in shipments and positive pricing. The Company reported a Modified Operating Profit of $740 million, or 4.5 percent of revenue, in the first quarter, up 55 percent from the $477 million reported in the prior year.  
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