Today, record March new car sales will be announced. We will keep our eyes on the numbers throughout the day, come back for details. The so far best numbers were released by Chrysler. Chrysler reports U.S. sales of 163,381 units, a 34 percent increase compared with sales in March 2011. According to Chrysler, these are “the group’s best monthly sales in four years.”
Best performing brand in Chrysler’s stable is Fiat. (Read More…)
Chrysler most likely will announce record growth in market share for March. No such luck for Chrysler’s owner FIAT. Again, Fiat’s Sergio Marchionne is getting in front of a horrible story in order to soften its inevitable blow. Sergio told Italy’s newswire AGI that “March will be a terrible year for the Italian market.” (Read More…)
Dodge attempted to perpetrate yet another annoying Facebook teaser campaign, telling their fans that if they got 2013 “likes”, they’d be able to see another picture of the 2013 SRT Viper ahead of its New York Auto Show debut. The only problem is that the campaign failed.
Chrysler dealers who were terminated and then re-instated have been left out in the cold, after a federal judge ruled that the Federal Appropriations Act, a 2010 law that opened the door for dealers to regain their franchises via arbitration, did not overrule state dealer laws that deal with dealer markets.
With the government still waiting to see how much it will get out of its equity in General Motors, The General seems to be attracting more of the media commentary than Chrysler these days. And not without good reason: GM saw the greatest drop in market share last month of any Detroit automaker, its government-hyped Volt is flopping, Opel continues to be an open sore and it can’t help but flaunt its cluelessness about youth marketing. But interest in GM’s shortcomings seems to be driven by little more than election-year political implications, which Chrysler was able to avoid by borrowing cash and misleadingly claiming to have squared up with the American taxpayer. After all, Chrysler is facing just as many challenges as GM, if not more. And despite having formally closed the bailout chapter of its history, Chrysler’s performance still bears on the decision to rescue America’s weakest major automaker.
Iraq hasn’t had anything noteworthy in the automotive space since the Iraqi Taxi debacle of the 1980’s, but with a population larger than Saudi Arabia, substantial oil reserves and increasing stability, Iraq is becoming a new target for automakers eager to sell cars to a population that’s been barred from Western vehicles due to international sanctions.
Unions in the U.S. are happy with Chrysler’s resurgence. Meanwhile in Italy, unions are being blamed for the woes of Chrysler’s parent. (Read More…)
The Fiat 500L may be joined by another Fiat product, but the brand’s North American head said that it won’t necessarily resemble the 500 vehicles.
Sergio Marchionne told Auto Express that Fiat may stick to small cars in the future, with vehicles like the 500L and the much-lauded Panda acting as Fiat’s “bigger” offerings. The reason behind the move appears to be greater consolidation with Chrysler and Fiat’s larger cars meeting a cool reception in the market.
Chrysler’s owner Fiat is in trouble. Fiat has a (declining) market share of 28.3 percent in its home market Italy, a market that had tanked 19 percent in February, and 18 percent in the first two months of the year. Fiat’s sales in Italy, down 20 percent in February, slowed more than the floundering market. Fiat’s southern exposure to the ailing parts of Europe is disproportional. Fiat’s top executives will now have an emergency meeting with Italy’s Prime Minister Mario Monti, Reuters reports. Possibly on the agenda: A closure of another Italian factory, and a cutback on investments in Italy. (Read More…)
While both General Motors and Chrysler are putting their money on Compressed Natural Gas options for their pickup-truck lineups, Ford is going with pretty much everything but CNG as it examines alternative fuel strategies for future vehicles – and for now, the 3.5L Ecoboost V6 will be the standard bearer for light duty versions of the Ford F-Series.
Bob Nardelli will be leaving Cerberus Capital Management, the private equity firm that famously owned Chrysler during the company’s 2009 bankruptcy. Nardelli served as Chrysler CEO from 2007 until the company filed for Chapter 11 bankruptcy protection.
It was just a couple of months ago that I shot this blue ’82 Sapporo in a California junkyard… and now here’s another Sapporo in the same yard. (Read More…)
For quite some time, Fiat-Chrysler CEO Sergio Marchionne has been busy lamenting the dreadful overcapacity in the European auto industry. He’s doing I so much that slowly, people begin thinking that Marchionne is honestly concerned. “If I would be in his shoes, I would be concerned too,” said an audibly unconcerned European auto exec, who requested anonymity. My friend thinks that when Marchionne talks about the European car industry, he is talking about Fiat.
Now, Marchionne has a plan how to fix the chronic overcapacity at Fiat in Europe. (Read More…)
Back in the day, “American cars” were vast pieces of rolling sculpture powered by low-revving V8s driving the rear wheels through three-speed slushboxes. With a column shifter and bench front seat, they were designed to float effortlessly along in a straight line. The “imports” were the opposite of all of the above. Today these distinctions have all but disappeared. Four-wheeled wretched excess—in styling, in horsepower, in features, in sheer mass—has become much more typical of Munich and Stuttgart than Detroit. Neither GM nor Ford even offers a large rear-wheel-drive sedan to Americans. If you want the most traditionally American car available—that isn’t a truck—your only options come from an Italian-controlled plant in Canada. The 2011 Dodge Charger (in 370-horsepower R/T form) and I didn’t hit it off. Perhaps the Dodge, with its “four-door muscle car” exterior and 4/3-scale instrument panel, was just too American for me. So I requested the Chrysler variant to test the 470-horsepower SRT mill. Is the 2012 Chrysler 300C SRT8 too American, appropriately American, or not American enough?
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