According to Getrag Transmission Manufacturing LLC, Chrysler has canceled the construction of advanced, efficient dual-clutch transmissions by Getrag in Indiana, as of Friday. Chrysler has sued Getrag over its inability to borrow $300 million to pay for tooling; Getrag said it would sue Chrysler for damages and reimbursement for the expense of building the plant, which is fairly advanced in construction and was set to start building the transmissions in 2009.
Getrag issues a press release, which stated, in part:
Chrysler LLC has rejected the financing structure that GETRAG had offered together with its banks, which required Chrysler to secure some of their obligations under the supply agreement, and has elected to terminate the supply agreement and related documents.
GETRAG is astonished by this action and will pursue all rights and remedies under the terms of the supply agreement for, among other things, reimbursement of all expenses incurred by GETRAG and its suppliers in connection with the project.
With respect to the pending lawsuit, GETRAG maintains that Chrysler’s claims are without merit. GETRAG intends to vigorously defend the lawsuit and file counterclaims against Chrysler to recover damages suffered by GETRAG caused by Chrysler’s conduct.
We may have the first clear 2017 Chrysler Town & Country minivan spy shots, adding to a small “phone pic” shot posted some time ago. The vehicle, parked with the Chrysler Technical Center in sight, has camouflage and padding, but you can clearly see the openings for the side and front door handles. The photo gives some idea of the relatively length [...]
FCA CEO Sergio Marchionne has long expressed his desire to slash the number of Fiat and Chrysler platforms, emulating Volkswagen’s “back to the future” move of putting just about everything onto a single platform. Mr. Marchionne has allowed major exceptions; the combination of an over-ambitious plan and a grip on reality delayed the Jeep Renegade and some other cars, because the [...]
The Ram 1500 faced down the aluminum-bodied Ford F-150 and new Chevrolet Silverado in Motor Trend’s half-ton truck shootout. The three contenders were put through a broad array of testing, including a 260-mile drive through California and Arizona. Measurements included: Testing without load: 0-60 mph and 1/4-mile acceleration, 60-0 mph braking, and maximum lateral grip (Ram was Limits-handling without load: closed-course cornering, braking, [...]
Some time ago, Sergio Marchionne, head of Fiat Chrysler, said that the only way to reboot Alfa Romeo would be by amortizing engineering costs with Dodge. That’s gone down the memory hole, now. It had to. The Alfisti will have fitsies if they overtly share with Chrysler. The D-RWD platform is now Giorgio, an Italian name for something developed largely in Auburn [...]
This year’s winners of the prestigious Ward’s Top Ten were (in alphabetical order) the BMW 5-series electric motor, the Corvette Stingray’s 6.2 liter V8, the Dodge Challenger SRT Hellcat V8, the Ford Fiesta three-cylinder, one-liter turbo, Hyundai Tuscon fuel cell vehicle, Mini Cooper 1.5 turbo three cylinder, the Ram 3-liter VM diesel, Subaru WRX four-cylinder turbo, VW Golf 1.8 liter [...]