House approves automaker loans; bill goes to Senate

House approves automaker loans; bill goes to Senate

The House of Representatives overwhelmingly voted to approve a larger spending bill which includes an initial $7.5 billion to fund loans to automakers and administration of the loan program, with a goal of retooling older plants to build more fuel efficient vehicles. The vote was 370 to 58; the bill will keep the government running in the new fiscal year, which starts on October 1, and is expected to win easy passage.

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Cerberus to buy the rest of Chrysler from Daimler: no longer a rumor

Cerberus to buy the rest of Chrysler from Daimler: no longer a rumor

According to Reuters, as quoted in Automotive News, Cerberus is planning to buy the remaining 19.9% of Chrysler from Daimler. The deal could be finalized by the end of October, and would be a strong vote of confidence in Chrysler’s future.

Daimler spokesman Han Tjan has confirmed that Daimler is talking with Cerberus about selling its remaining stake in Chrysler.

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Chrysler shows 4 new electric models on CNBC (updated)

Chrysler CEO Bob Nardelli appeared on CNBC’s “Squawk Box” this morning to discuss the state of Chrysler, the auto industry, government funding and to unveil four new Chrysler vehicles.

Nardelli and Lebeau drove the all-electric Dodge EV sports coupe with a lithium-ion battery pack which can hit 60 in under five seconds and has a range of 150-200 miles between charges. Recharging takes 4 hours on 220V and 8 hours on 110V household current.

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Chrysler hikes up gas mileage by 8% on 4-liter minivans

Chrysler modified the powertrain of the 4-liter Chrysler Town & Country and Dodge Grand Caravan to achieve a landmark 17 mpg city, 25 mpg highway, which the company claims is unbeaten among minivans. The engine is assisted by a “minivan first” six-speed automatic transmission, and previously was rated at 16 mpg city, 23 mpg highway.

The optimized 4-liter engine now produces 251 hp (189kW) and 259 lb.-ft.

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Jeep J8 now available in Europe, Asia, Latin America, and the Middle East

The Jeep J8, a heavy duty version of the Jeep Wrangler Unlimited, is now available in Europe, the Middle East, Asia, and Latin America. It was engineered for military use, and is also appropriate for commercial, government, and humanitarian applications. Journalists who drove the J8 at Euro Camp Jeep were generally enthusiastic about the vehicle.

Jeep is the most popular Chrysler brand outside North America,

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Dodge Viper sets new track record in Germany

The 2009 Dodge Viper ACR has broken the street-legal production car record at Germany’s Nürburgring race track, with a third-party certified time of 7 minutes, 22.1 seconds.

The 12.93-mile Nürburgring is a race track in Nürburg, Germany, built in the 1920s and considered by many to be the most demanding purpose-built race track in the world. SRT engineers with no experience at the track had one day to prepare,

Read the full story: Dodge Viper sets new track record in Germany  »


Press says Chrysler will shrink to match “reality”

Chrysler Vice Chairman Jim Press predicts the company should return to profitability as it cuts its operations to match “reality.”

“We could be the company that makes this transition to a viable model for a U.S.-based manufacturer going forward, if we base it on reality,” Press, said at a Motor Press Guild presentation in Los Angeles.

Press told the audience that Chrysler has determined that it has a better chance of turning a profit by selling fewer cars.

Read the full story: Press says Chrysler will shrink to match “reality”  »


Kuwait buys 150 Dodge Charger police cars

Kuwaiti representatives visited Chrysler in Warren to approve the design of three different types of Dodge Charger police cars, 150 of which will be exported to Kuwait. This was the final step of a procurement process begun nearly 11 months ago; the police version of the Charger has been available in the Middle East for around a year.

The cars will be experimental models for around six to nine months,

Read the full story: Kuwait buys 150 Dodge Charger police cars  »



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