Chrysler changes trim packages on Sebring, Avenger, 300

Chrysler has changed the trim lines on Chrysler Sebring, Chrysler 300, and Dodge  Avenger to match customer needs for the 2009 model year. The moves go beyond previously announced 2009 model-year changes, and are designed to provide customers with desirable options on lower-priced cars.

The Chrysler Sebring and Dodge Avenger lineups have been dramatically simplified, cutting costs while increasing value. The Limited has standard leather,

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Supplier: Phoenix V6 engines are “Chrysler’s hidden crown jewel”

Supplier: Phoenix V6 engines are “Chrysler’s hidden crown jewel”

A supplier who asked not to be named reported on Chrysler’s upcoming Phoenix V6 engines, saying that they would be certain to survive any takeovers or mergers. “They’re good on mileage and power, and they’re very quiet,” said the supplier, whose credentials have been confirmed. (Jim Press earlier confirmed that the Phoenix project was still alive and well.)

According to presentations given to numerous Phoenix suppliers by Chrysler engineers,

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Nissan ends talks with Chrysler

Nissan ends talks with Chrysler

The Detroit News reports that talks between the Renault-Nissan alliance and Cerberus Capital Management have ended. While future discussions have not been ruled out, sources say Cerberus would prefer to come to an arrangement with General Motors.

Neither automaker would comment, but those with knowledge of the negotiations say Cerberus believes a GM-Chrysler deal would be financially more advantageous as well as a better outcome for the U.S.

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Chrysler Financial looks to offshore IT department

Chrysler Financial looks to offshore IT department

The Detroit News reports Chrysler Financial is considering a plan to outsource 85 percent of its U.S. information technology staff with most of the work going offshore. The company believes it could save about $18.9 million in the first year and a similar amount in succeeding years under a program developed with Alsbridge Inc., a Dallas, Texas-based consulting firm.

Currently, Chrysler Financial employs 370 people in its Farmington Hills,

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Chrysler offering buyouts to all white-collar employees

Chrysler offering buyouts to all white-collar employees

Reuters reports that, for the first time since 1991, Chrysler is offering buyouts to every white-collar employee. The company is trying to slash 5,000 workers from its payrolls and is offering packages with up to $75,000 cash and vehicle vouchers worth up to $25,000. Employees who accept the offers are expected to leave by November 30. Company officials hope to achieve most of the cuts through buyouts and early retirements,

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Dodge-branded Nissan, Trazo C1.8, appears in South America

Chrysler launched the Trazo C1.8 by Dodge at the Sao Paulo Motor Show this today. The Trazo C1.8 four-door sedan will be sold in Brazil, Argentina, Paraguay and Uruguay. Built by Nissan, the Trazo C1.8 has a design consistent with the Dodge brand, a 102.4-inch wheelbase and short overhangs for ease of city driving.

The side profile of the Trazo C1.8 illustrates aerodynamic efficiency while highlighting generous passenger space inside.

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GM has asked for federal help to fund Chrysler merger

GM has asked for federal help to fund Chrysler merger

General Motors has asked the U.S. government for financial aid to help it complete a merger with Chrysler. According to sources, GM executives have asked the Treasury Department to consider taking a stake in the merged company.

One of the people with knowledge of the discussions said the government is reluctant. Treasury Secretary Henry Paulson wants any government funding for the auto industry to come from the $25 billion in low-interest loans approved last month to build more-efficient vehicles.

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Chrysler downsizes yet again – one quarter of salaried, supplemental jobs to go by 2009

Chrysler downsizes yet again – one quarter of salaried, supplemental jobs to go by 2009

Chrysler CEO Bob Nardelli announced that Chrysler would reduce its salaried and supplemental workforce beginning in November 2008.  According to Michigan congressional aides quoted in <i>Detroit News</i>, a full quarter of the salaried employees will be cut by January 1, including involuntary layoffs and buyouts. In additional, capital spending will be slashed.  This is in addition to previously announced moves.  Details will be made available in the next two weeks.

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