Chrysler, Dodge, and Jeep news from Allpar

VEBA demands Chrysler share registration – first step to IPO?

Chrysler says it has received a “registration demand” from the United Auto Workers union Retiree Medical Benefits Trust (usually called the “VEBA”) under the terms of the June 2009 Shareholders Agreement. The demand requests the registration with the Securities and Exchange Commission of 270,769.6 Class A Membership Interests now owned by the VEBA. The shares represent about 16.6% of Chrysler Group’s outstanding equity interests.

Demand registration rights allow an investor to require a company to register shares of common stock with the SEC in order to for the investor to sell them on the market. In this case, Chrysler most likely will have to undertake, and fund, an initial public offering which can be expensive (GM’s IPO cost $118 million and it was widely held that GM got a bargain).

Fiat had hoped to be able to buy out the VEBA stake, but the Italian company recently admitted that the collapse of the European vehicle market and the need for investment in production left the company short on cash. Even with an IPO, Fiat will hold a controlling interest in Chrysler.

In a statement, Chrysler Group said it will comply with its obligations.

Hellcat vs ZL1, GT500

Motor Trend recently dyno-tested a Challenger SRT Hellcat and Camaro ZL1. They found that the Challenger peaked at 635 horsepower and 591 lb-ft at the rear wheels, far more than the Camaro’s 472 hp and 482 lb-ft of toque....

Chrysler 300 one of the “Most Comfortable Cars”

Chrysler-300-2014-Web

The 2014 Chrysler 300 equipped with the Pentastar V6 has been named one of KBB.com’s “10 Most Comfortable Cars under $30,000.” “For many car shoppers, comfort is among the top factors in their choice of a new vehicle, especially with so many Americans spending countless hours commuting,” said Jack R....

Supercharged Viper? (Updated)

SRT-Viper-TA-R34-Web

With the supercharged 6.2 Hemi delivering 707 horsepower to the Dodge Charger and Challenger, the Viper boys are reportedly looking for ways to get back on top. While the Viper may be superior on a tight racing course, the straight-line performance of Charger and Challenger, in five-seaters with all the amenities, large trunks, and automatic or manual transmissions, is a challenge for Team Viper — as is the current series of Corvettes....

Categories: Chrysler.


srt dashboard
Hellcat “Easter egg?”
Mello-Yello-Drag-Racers-Web
NHRA standings races come down to the wire

Hellcat vs ZL1, GT500
Chrysler-300-2014-Web
Chrysler 300 one of the “Most Comfortable Cars”


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