Chrysler News
Fiat postpones Chrysler IPO
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By Staff Writers · 26 Nov 2013
Chrysler majority owner Fiat has announced that the US cluster of car brands will not launch a public stock offering this year. In a statement yesterday, Fiat said Chrysler's board has decided an initial public offering would be "not practicable" this year.
Instead, Chrysler Group LLC will keep working towards an IPO in the first quarter of next year. Fiat holds 58.5 per cent of Chrysler's shares, with the rest owned by a United Auto Workers union trust fund. The IPO would consist of the trust's shares.
The CEO of both car groups, Sergio Marchionne, is keen to avoid an IPO and have Fiat buy the trust's shares so the two companies can be fully combined, allowing him to spend Chrysler money on Fiat operations.
"I'm not selling anything and nor do I think we need to do so," Marchionne said in October. However he filed the paperwork for an IPO as he and the trust have been in conflict over the price for a sale of the trust's share to Fiat, with no agreement reached.
Last month, UBS AG set the value of the trust's stake at $US5.6 billion ($A6.1 billion). Fiat has gone to court seeking a judgement on the price, but the trial date is set for next September.
While Fiat stepped in as a perceived 'saviour' to shore up the struggling Chrysler by buying into it two years ago, Chrysler's profits have been propping up Fiat on the balance sheet during 2013 as the Italian carmaker struggles in the European economic slump.
Chrysler earned $US464 million last quarter on US sales of the Ram pickup and Jeep Grand Cherokee, its ninth-straight profitable quarter. The results boosted Fiat, which earned $US260 million in the third quarter. Without Chrysler's contribution, Fiat would have lost $US340 million.
Which cars are the most comfortable?
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By Paul Gover · 14 Nov 2013
You know you're getting old when car comfort is more important than a stoplight sprint. Either that or, like me, you've recently spent too much time with doctors and comfort suddenly becomes the single most important thing in your driving day.I love the Ferrari 458, but right now I would hobble straight past the rip-snorter Italian thoroughbred on the way to a cushy Jaguar XJ limo. It would be the same situation for my first-choice funster, the Porsche Cayman.I've recently driven a race-prepared Fiat 500 Abarth and the pain was almost - almost - worse than the pleasure of romping the pocket rocket around the high-speed swoops and curves of Phillip Island. I was more than happy to slide back into the cushiness of a Chrysler 300 for the drive home, even if the seats in the motown monster don't give as much support as I normally like.The ride back to the airport got me thinking about the strengths and weaknesses of a number of vehicles that have recently passed through the Carsguide garage, focusing on how they make you feel in the body instead of in the head. Every week there are emails to CarsGuide from people of age, asking about upgrading - from a conventional passenger car into something in the SUV style that's easier on the hips and legs at mounting and dismounting time.An SUV can look like a good idea on the comfort front, but lots have bench-flat seats, crappy ergonomics and nowhere near enough suspension compliance. The Subaru Forester has a nice ride, but I prefer the seats in the Toyota RAV4. On the car front, the new Nissan Pulsar has seats that do nothing for me, but the Renault Clio is surprisingly comfy for a little, affordable car.My top favourite seat is a Recaro racing bucket that is almost shrink-wrapped to my shape, like a bathtub full of jelly that provides perfect support. But it's just about the toughest seat to get into or away from. So, right now, the first-choice comfort car is a Range Rover. It's stupidly expensive, but everything works for me, from a body that drops down on its air springs for easy access to beautifully-shaped front buckets finished in lovely leather and even a user-friendly automatic gearbox that means my left leg never has to move out of its comfort zone.This reporter is on Twitter: @PaulWardGover
2014 Jeep Cherokee torture test | video
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By Karla Pincott · 11 Nov 2013
Want to know if a Jeep Cherokee can climb stairs. Yes, us too. So Chrysler puts them over the obstacle as part of durability testing at the carmaker's Chelsea Proving Grounds in Michigan.
Part of four million pre-production test miles -- about 6.4 million kilometres -- the 2014 Jeep Cherokee underwent, the torture included the usual rough tracks plus the stairs to mimic boulders and ledges, a lateral load track of twisting corners, wheel lift mounds for suspension articulation, and rollers that echo a slippery or icy surface.
This reporter is on Twitter: @KarlaPincott
Watch the 2014 Jeep Cherokee torture test video here.
Fiat-Chrysler reveal 2013 SEMA concepts
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By Malcolm Flynn · 31 Oct 2013
Fiat-Chrysler is the latest carmaker to reveal its 2013 SEMA concepts, ahead of the Las Vegas aftermarket expo’s official opening next week.
The Italian/US partnership will unveil no less than 20 Mopar-equipped concepts from its suite of brands, matching the efforts of fellow US giants Ford and General Motors.
Five of these concepts have been teased this week, representing the Jeep, Ram Trucks, Chrysler, Dodge and Fiat brands.
Jeep has created the 2014 Cherokee-based Trail Carver, which features a unique decal package and roof basket, mud-terrain tyres, and orange-coloured tow hooks. The interior is covered in Katzkin Amaretto leather, and includes several Mopar optional accessories such as a wireless phone charger.
The Ram Sun Chaser dual-cab truck will represent the Ram Trucks brand, with Vibrant Orange Blast and Brilliant Black two-tone paint, the Sun Chaser asserts its presence with chunky wheelarch flares to cover big mud-terrain tyres on bead-locked rims. The Sun Chaser’s roof rack has been specially designed to carry four surfboards, and features a portable shower system for post-surf wash downs.
Chrysler will display a more discreet take on the 300 sedan, with menacing black paint replacing all chrome work and tinted lighting and windows, with a dropped stance over 20 inch alloys.
Dodge has created a stormtrooper-like Durango SUV, with black detailing contrasting with a stark-white exterior, and red highlights to accompany the Dodge badge detail.
A relative newcomer to the US market, Fiat will show the 500L Adventurer, which expands on the standard 500L tall-boy hatch with wheelarch flares, 18 inch wheels and a roof basket.
A Dodge Challenger-based concept is also set to appear, but the brand is keeping its appearance close to its chest until the show’s November 5 opening.
This reporter is on Twitter: @Mal_Flynn
Chrysler MiniVan hits 30
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By David Burrell · 29 Oct 2013
Yikes!! It is hard to believe that Chrysler's Minivan first rolled off the production line 30 years ago. This simple design caused a complete transformation of the car industry and started the great world-wide rotation out of sedans and station wagons that is still impacting markets today.
The Minivan boosted Chrysler financially, created a global category which every other car maker copied and elevated Chrysler boss Lee Iacocca and his product planning guru, Hal Sperlich, into the pantheon of automotive gods. You see, when both were at Ford, it was Lee and Hal who saw the future for a small sporty car and raided the Falcon parts bin to create the iconic Mustang.
Chrysler was not the first to sell a "garageable" car-like van. Many makers tried and VW fans might rightly claim the Kombi as the initiator. But it was too spartan and un-carlike to have mainstream appeal. What Lee and Hal did was monetorise the idea. They identified a big target market, raided another parts bin and sold it to eager buyers for a premium price. Simple, really.
It was Sperlich who, when at Ford in the mid-1960s, first predicted that as the baby boomers married and had families they would have to forsake their Mustangs and Camaros for something more versatile. Research showed they did not want the station wagons their parents bought in the 1950s. (Are we there yet Dad?).
What boomers wanted was a roomy, multi-purpose vehicle, which drove like a car, would fit in their garage, look reasonable stylish, be powerful enough to cruise along a freeway and seat up to seven in comfort on the way to soccer. Sperlich called it the "MiniMax".
But Hal had two problems to overcome. The first was an engineering issue. To fit in a garage the van had to be low and this meant a front wheel drive configuration. And Ford had no suitable front drive package. The second was that Henry Ford II did not see the future as clearly as Sperlich and regularly told him to "forget about it". Sperlich persisted with the idea and in the end Mr Ford got tired of hearing about it and fired him. Hal went to Chrysler where he continued to work on the idea.
In 1978 "Hank the Duce" also got tired of Iacocca being President of Ford and fired him. And over to Chrysler he went as well. You all know the story from there on. Iacocca saved Chrysler with government backed loans and a plain, four cylinder, front drive automobile called the K-Car. So once Chrysler was again financially stable Lee and Hal turned their attention to the old MinMax idea. They had the money, they had the front drive platform, they had the K-Car parts bin and there was no Henry Ford II to get in their way. The rest is history. The irony is that Chrysler never thought to trademark the name "minivan".
David Burrell is the editor of www.retroautos.com.au
Toyota Corolla is universal
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By Paul Gover · 19 Sep 2013
How can they not, when the Japanese hero is now the world's all-time favourite with a production total that has just topped 40 million cars. Based on those numbers, the Corolla is nearly twice as popular as the Volkswagen Beetle with 21.5 million sales and even further ahead of the T-Model Ford at 16.5 million, although it has had the advantage of selling at a time when far more people everywhere in the world own and drive cars.My first experience of the Corolla was in the 1960s, soon after the original cars landed in Australia. By the standard of the times, and we're talking here about Falcons and Kingswoods and Valiants, it was tiny and tinny but also solid, sensible and smartly priced. I was only a rider and not a driver at the time, but it also had a fun factor that was missing from other cars of my acquaintance - and you have to remember that an Austin Freeway cringed in our suburban Sydney driveway.The original Corolla helped ignite a small-car revolution and laid the firm foundation that now sees Toyota rampaging along as Australia's favourite carmaker, with annual sales that trump the combined efforts of Holden and Mazda in the other podium places.In America, the Corolla - along with the Honda Civic - is credited with the relatively recent bankruptcy of General Motors and Chrysler. Looking back to the USA in the sixties, it became the 'second' car in many American households and won over women and youngsters driving for the first time. They went Japanese and never came back. Does that sound familiar?Since the late 1970s I've driven every new Corolla model and had some fantastic fun on the side, including flat-out track laps in pursuit of an Australian racing championship and several forest fights in the Australian Rally Championship. And a Corolla has never let me down.And that gets me thinking about the Honda 750 four. You see, the Honda stalwart from the seventies was tagged as the Universal Japanese Motorcycle because it could do anything, from high-speed pursuit duties with the Highway Patrol police to daily commutes to touring the world in the days before long-distance motorcyclists switched to BMWs.In the same way, the Corolla should be known as the Universal Japanese Car. It's as sensible as an accountant, as dependable as a bullet train, and as predictable as a new tech toy from Apple. It's also a bankable investment on the secondhand scene and will never offend or annoy. It doesn't have the attitude of an Alfa, or the performance of a Porsche, but a UJC is just fine and we have 40 million signatures to prove it.This reporter is on Twitter: @PaulWardGover
Fighting to keep Ford in V8s
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By James Phelps · 05 Jul 2013
Mark Skaife has declared incoming manufacturer Volvo is not a replacement for Ford in the , with the V8 Supercars commissioner set to do everything he can to make sure the famous brand remains in the
Chrysler recalls another 4,250 cars in Australia
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By Staff Writers · 04 Jul 2013
Thousands of Fiat Chrysler Group cars in Australia are being recalled as part of a worldwide problem with automatic head restraints. Fiat Chrysler Australia says 3725 Jeep Cherokee cars built between 2011-13 and 520 Dodge Nitro vehicles built between 2011-12 are affected in Australia.Chrysler announced on Wednesday it was recalling about 490,000 vehicles worldwide to fix the glitch. The US manufacturer says potentially fatal microcontrollers have been installed in certain vehicles that may prevent head restraints from automatically moving forward during some kinds of rear-impact collisions.Fiat Chrysler Australia will contact all Australian owners of affected cars and ask them to go to their local Chrysler Jeep and Dodge dealer, a company spokeswoman says. "We will then replace the component or upgrade the system software at no cost to customers," she said.The spokeswoman says they are not aware of any injuries or accidents associated with the problem. If customers have any concerns before they are contacted by the company, they can go straight to their local dealer, she says.
Chrysler reveals Superman Ram pick-up
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By James Stanford · 26 Jun 2013
Chrysler Group has done a deal with the makers of the new Superman movie Man of Steel, to promote its Ram ute as well as the soon to be released movie.It has come up with a special Superman-themed truck that was presented at the New York premier of the movie earlier this month and will be rolled out at a series of promotional events across the US.Chrysler Group provided “several vintage trucks and other vehicles” to Warner Bros. for use in the Man of Steel movie, although it wasn’t clear when this story was written whether the current model Ram pick-up is featured.It did develop a special Man of Steel version of the Ram Power Wagon, which is still a ute despite the use of the word wagon in its name. The custom Man of Steel pick-up truck uses several visual cues to align itself with the movie.These include anodised red grille inserts and a high gloss black roof, with painters applying 14 coats for maximum effect. The rest of the body is covered in a dull grey, best described as steel grey, body wrap, with a black strip along the sills that matches the black front and rear bumpers.Chrysler Group says the texture was designed to match Superman’s suit. There are S-shield logos on several locations around the truck’s exterior and also the inside. The cabin features grey leather seats, with red trim sections on the doors, dashboard and seats, which also feature mesh inserts modelled on Superman’s suit. Forged 17-inch alloys and chunky off-road tyres finish of the muscular look.At this stage, Chrysler Group says the Man of Steel ute is a one-off and will be auctioned off for charity once it has finished its promo role. Even so, if it gets a good reception, the idea of a special edition Superman Ram ute might just take off.
My 1947 Chrysler Windsor Coupe
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By David Burrell · 03 May 2013
The second world was over and four years of pent-up consumer desire was unleashed across America. Detroit had only pre-war designs to sell in 1947, but that did not matter to car buyers.
They wanted new cars, even if the designs were almost ten years old. John Slater's 1947 Chrysler Windsor two door coupe is a fabulous example of what a “middle class” family would have bought. John explains the heritage of this two owner Newport Blue Chrysler.
“It was purchased by a doctor in Cheyenne Wyoming on 29th December 1947 and owned by his family until 2012,” he says.
“It was ordered with the rare and very desirable Highlander tartan cloth interior and a number of other options including a push button radio and heater,” he adds.
The radio and heater are in perfect working condition. They were high dollar options in 1947 being almost 10% of the car's purchase price of $2306.45, according to the original sales invoice which came with the car.
The good doctor ticked many more of the option boxes on the order form. The big car also sports wheel trims, a pair of swan neck mirrors and fog lights. John explains that the car has never been restored.
“It has been lovingly maintained in original form. Some of its paint is original, the bumpers have been re-chromed, the front seat trim, carpet and headlining have been replaced. The car shows no signs of rust repairs.”
John bought it sight unseen off the internet, and was surprised at its pristine condition when it arrived in Australia. “I always expected something not to be as described”, he admits. “But it was near perfect.”
The speedo says 106,000 miles and the 4.1 litre six cylinder engine has been rebuilt. On the road the big car tracks straight. The dashboard is a mixture maroon plastic and Bakelite, and the clear knobs and buttons have a beautiful art deco feel to them.
The transmission is a device call Fluid Drive, which was Chrysler's early attempt at a semi automatic transmission. The fluid drive system allowed the driver to stop at a traffic light or in traffic and remain in gear without depressing the clutch. The original owner's manual and a mint condition workshop manual all came with the car.
David Burrell is the editor of retroautos.com.au