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News
Consumer Reports: Jeep® brand most reliable, Dodge and Chrysler also gain
"We are pleased to see the strong movement of our brands in this important survey," Doug Betts, Senior Vice President?Quality, said in a response to the Consumer Reports survey. While the Jeep brand is now the highest ranking domestic brand in Consumer Reports' reliability rankings, the Chrysler brand made the biggest leap in the industry, moving up 12 positions, the statement said.
Chrysler Group LLC Completes Refinancing and Repays U.S. and Canadian Government Loans in Full
- Intervention by U.S. and Canadian governments and strategic alliance with Fiat leads to 16 all-new or significantly refreshed vehicles currently in dealerships; more than $3 billion in facility upgrades; and increased employment with the hiring of 6,000 Chrysler Group employees
- Company's return to profitability and double-digit worldwide sales increases show new product lineup gaining momentum in marketplace
Daily News Summary from Chrysler Group May 2, 2011
Chrysler returns to profit, Wall Street Journal, May 2
o Chrysler Group reported a small net profit for the first quarter as a result of rising vehicle sales, the Wall Street Journal reported. The auto maker said it generated $116 million in net income, compared with a loss of $197 million in the first quarter of 2010, the Journal said. Revenue rose 35% to $13.1 billion, as global sales of new cars and trucks increased 18% to 394,000 vehicles, the article said. "Chrysler Group's improved sales and financial performance in the first quarter show that our rejuvenated product lineup is gaining momentum in the marketplace and resonating with customers," Sergio Marchionne, who serves as chief executive of both Chrysler and Fiat, said Monday, the Journal reported.
Chrysler turns first profit since bankruptcy, New York Times, May 2
o Chrysler has turned its first profit since leaving bankruptcy two years ago, the New York Times said. Several trends put Chrysler Group LLC back in the black - its sales rose 18 percent worldwide in the first three months of the year as the economy improved and buyers responded to a fresh lineup of new cars and trucks, the Times said. Chrysler's new vehicles caught buyers' eyes in the latest quarter, the article said. U.S. sales of the revamped Jeep Grand Cherokee SUV jumped 64 percent, while sales of the Chrysler 200 sedan more than quadrupled over those of its predecessor, the Times said. Chrysler said buyers were willing to pay more for its cars and trucks; Edmunds.com estimates the company lowered incentive spending by nearly $1,000 per vehicle in the quarter, the article said. Revenues rose 35 percent, the Times said.
Car-chase flick 'Fast Five' opens, Wall Street Journal, April 29
o If you are a motor-head moviegoer still seeking satisfaction from a car-chase film, "Fast Five," should do the trick, the Wall Street Journal said. The fifth film in the "Fast &
Furious" series that began in 2001 brings car maker Chrysler Group LLC into the mix, the Journal said. The company put together a highly orchestrated series of product placements focusing on its 2011 Dodge Charger, the article said. Once on screen, the menacing-looking Dodge cars that many people are accustomed to seeing as police cruisers fit pretty seamlessly into the plot, the Journal said.
Compass points way to some good, dirty fun, Montreal Gazette, May 2
o Although it's one of the smaller Jeeps, the Compass shows a big ability to handle the muck, the Montreal Gazette said. The new styling is a big step toward acceptance into the Jeep clan, the paper said. The paper's auto writer "pushed the Compass pretty hard on dry gravel roads, axle-deep muddy ruts and huge puddles of water and the Compass handled it all," the article said. Besides that, it was a whole lot of dirty fun, the review said.
Chrysler 200 is a contender, but not a champ, Minneapolis Star Tribune, April 29
o The Chrysler 200, a thoroughly reworked update of the Sebring, gives the company a viable, albeit still-compromised competitor for the segment, the Minneapolis Star Tribune said. The refreshed look is simpler and cleaner, the article said. Other highlights to the interior include wonderfully comfortable and supportive seats and great noise isolation from the road, the review said. The 200's cabin has a greater attention to detail, with better materials and a higher level of fit and finish than the Sebring, the article said. Power from the Pentastar engine is smooth and linear; it has an assertive but refined voice to it, the review said. The ride quality of the 200 is also much improved, the paper said. Chrysler made a point of updating the suspension and steering, and it shows, the review said. Perhaps the best thing this Chrysler has going for it is its overall value a similarly equipped Honda Accord or Toyota Camry would run at least $4,000 more, the article said.
Daily News Summary from Chrysler Group on April 28, 2011
- The first minivan, improved, makes its return
- Chrysler expected to erase its debt to government
- Avenger rally car marks Mopar parts deal
- 2012 Fiat 500 Cabriolet: Highest gas-mileage convertible you can buy
- 2011 Mopar Ram Runner TORC Series pace truck is here
The
first minivan, improved, makes its return, Philadelphia Inquirer, April 27
o The 2011 Dodge Caravan is the
minivan that started it all, improved for 2011, the Philadelphia Inquirer said.
Lots of features, attractively packaged, but there's a nagging quality issue,
the article said. The Crew has all the thoughtful touches to keep a family and
its stuff mobile, head and shoulders above the other vans I've tested, the
reviewer said.
Chrysler
expected to erase its debt to government, New York Times, April 28
o Chrysler Group will announce a
milestone in its comeback effort, declaring its intention to repay its $7.5
billion in high-interest loans -- $5.8 billion to the United States government
and $1.7 billion to Canada's -- as soon as next month by selling new bonds to
investors, the New York Times said. Once it pays back the loans, Chrysler can
strengthen its ties to Fiat, its Italian partner, and begin adding more
fuel-efficient cars to its truck-heavy lineup, the Times said. Although details
of the debt offering, to be led by Goldman Sachs, are still being negotiated,
Chrysler intends to use the proceeds of the sale to help it pay off all of the
government loans, according to people familiar with Chrysler's plans, the Times
said. "They are making progress both in the product area and the financial
area," said Dennis Virag, president of the Automotive Consulting Group in
Ann Arbor, Mich., the Times article said.
Avenger
rally car marks Mopar parts deal,
Detroit News, April 28
o Turning a Dodge Avenger into a
rally car? That's precisely what Chrysler's Mopar team has done to showcase its
new relationship with Magneti Marelli, the well-known aftermarket and
motorsports parts supplier based in Milan, Italy, the Detroit News said. Mopar
will become the North American distributor of Magneti Marelli parts, so instead
of parts exclusively for Chrysler products, it can offer aftermarket equipment
for all brands, the News said. To demonstrate some of the possibilities,
engineers from Mopar and Magneti Marelli took a 2011 Dodge Avenger Heat and in
three weeks transformed it into the Dodge Avenger Rally Car, the article said.
2012
Fiat 500 Cabriolet: Highest gas-mileage convertible you can buy, Green Car Reports.com, April
27
o What's the best gas mileage
you can get in a new drop-top car? The answer is the 2012 Fiat 500 Cabriolet,
Green Car Reports.com said. The EPA rated the 2012 Fiat 500 three-door
hatchback fitted with a five-speed manual transmission at 30 mpg city, 38 mpg
highway, for a combined rating of 33 mpg; the version of the 500 fitted with a
six-speed automatic is rated at 27 city, 34 highway, and 30 mpg combined, the
website said. Ratings for the Cabrio should be similar or perhaps 1 mpg lower,
the article said.
o Ram Truck ? the newly announced Official Vehicle of the Traxxas TORC Series, presented by AMSOIL and Mopar, Chrysler Group's accessories and performance parts supplier, have recently rolled out the new Mopar Ram Runner TORC's new series pace truck for 2011, Autoevolution.com said. Set to debut at TORC's Memorial Day 2011 season opener at RedBud (Buchanan, Mich.) May 28-29, the Mopar Ram Runner's a production truck inspired by high-speed desert off-road racing, the website said. "The TORC Series gives us the opportunity to showcase our off-road capabilities and expand upon our short course racing heritage," said Mopar's Jim Sassorossi, Head of Sales and Product Development, the article said. "And the Mopar Ram Runner kit turns an otherwise perfect work truck to the best off-road production truck on the market."
All-new 2011 Dodge Charger R/T AWD Wins New England Motor Press Association Winter Vehicle Award
Auburn Hills, Mich. , Feb 16,
2011 - Demonstrating its winter-driving prowess, the all-new 2011 Dodge Charger
R/T all-wheel drive (AWD) equipped with its segment-exclusive front-axle
disconnect and active transfer case AWD system is the winner of the coveted New
England Motor Press Association's (NEMPA) 2011 Winter Vehicle Award ?
Sedan/Wagon $25,000 to $35,000.
"Dodge Charger is a great looking car with a high-quality interior," said John
Paul, Winter Vehicle Awards Team Leader ? NEMPA. "Add in its dedicated
all-wheel-drive system, and the Charger feels like it was designed just for New
England winters. Oh and by the way, it has a Hemi!"
The New England Motor Press Association is unique among regional motor press
groups. Its media members represent all six New England states, reaching one of
the largest populations in America. These automotive writers and talk show
hosts influence consumers who are in the market to buy cars and trucks to cope
with the region's punishing weather conditions.
This February, more than 50 members of NEMPA gathered in Bridgewater, Mass.,
for the group's annual Winter Vehicle voting day. Vehicles were chosen based on
how they met specific driver needs of New England's tough winter driving
conditions, especially this season with more than 80 inches of snowfall in
Boston alone.
"When designing the all-new Dodge Charger R/T AWD, the team pushed the fastback
sedan's capabilities further, delivering a highly capable and precise
all-season performance street weapon that thrives in any 'snowpocolypse,'" said
Ralph Gilles, President and CEO ? Dodge Brand, Chrysler Group LLC. "With its
state-of-the-art AWD system combined with a new world-class chassis,
best-in-class horsepower, the all-new Dodge Charger R/T AWD is designed to
deliver performance and grip even during one of the harshest of winters this
country has seen in years."
With its iconic character, contemporary fastback four-door coupe proportions,
legendary HEMI® V-8 engine with 370 best-in-class horsepower, clever
four-cylinder mode Fuel Saver Technology delivering up to 20 percent improved
fuel efficiency, the segment's most innovative all-wheel-drive system,
world-class performance, craftsmanship and refinement, and state-of-the-art
connectivity features, the all-new 2011 Charger R/T AWD is the Dodge brand's
flagship, and it proudly delivers premium, world-class E-segment sedan
precision at an incredible value.
The all-new 2011 Dodge Charger R/T AWD model features a segment-exclusive
active transfer case and front-axle disconnect system to improve fuel economy
by up to 5 percent. No other major automotive manufacturer offers the
combination of these two independent technologies. Dodge Charger's innovative
AWD system seamlessly transitions between rear-wheel drive and AWD with no
driver intervention. When all-wheel drive is not required, the system
automatically disconnects the front axle to maximize fuel economy while still
providing the outstanding fun-to-drive performance and handling inherent in
rear-wheel-drive vehicles.
With its new second-generation E-segment rear-wheel drive (RWD) architecture,
Dodge Charger R/T AWD features a world-class suspension-tuning with re-designed
geometry making for a nimble, balanced chassis that will build the Charger's
legend as one of the best driving sedans in the world. In addition, 19-inch
aluminum wheels and a lowered ride height with tighter tire-to-fender fitment
make it much more appealing than ever before.
The Manufacturer's Suggested Retail Price (MSRP) for the 2011 Dodge Charger R/T
AWD is $33,145 (excluding an $825 destination charge) and is now available at
Dodge dealerships nationwide.