- Filed under: Tech, Chrysler, LLC., Ford, GM, Honda, Nissan, Toyota
Diesel's near-term prospects in America took a huge hit with the revelation that nine diesel-powered 2010 models are on hold. Ford, General Motors, Chrysler, Toyota, Honda, and Nissan have put the kibosh on rolling out more oil burners due to cost and perception issues.
Toyota's obviously on a hybrid run and doesn't want to expel the effort or expense of investing in diesel for the American market -- and having to overcome America's dirty diesel perceptions. The others, as mass market manufacturers, simply need more justification for the cost and complexity of oilburners in order to make the case for consumers to spend more.
Additionally, diesel's benefits are weighted differently according to EPA or CAFE standards. The EPA mileage numbers present diesels well, but CAFE's differing fuel mileage equation makes gas-hybrids look better than diesels, and CAFE is something all automakers are looking at. However, you'll notice that German brands aren't mentioned -- their price premium and European diesel volumes make a worthwhile case for diesels, so those diesel Jetta Sportwagons won't be going away any time soon.
[Source: Automotive News - Sub. Req.]Dead Diesels: Six automakers reportedly kill plans for oil burners originally appeared on Autoblog on Wed, 01 Jul 2009 16:57:00 EST. Please see our terms for use of feeds.
Read | Permalink | Email this | Comments - Filed under: Chrysler, LLC., Dodge, Jeep
Chrysler Firepower Concept - Click above for a high-res image gallery
When Sergio Marchionne revamped Fiat, he installed new designers at each company division and charged them with creating products that would define each brand and move metal. Marchionne has apparently done the same with Chrysler, putting Brandon Faurote in charge of Chrysler, Joseph Dehner in at Dodge, and Mark Allen in at Jeep.
Faurote has been with the Pentastar since he was 22, and has worked on offerings like the 1999 Jeep Cherokee and the 2001 Chrysler and Dodge minivans. Since 2003, his title has been Chief Designer - Advanced Product Design, and he's given us concept cars like the 2005 Chrysler Firepower (pictured). He's also given us the Chrysler Imperial, so we pray his eye for the brand leads more toward artillery than royalty.
Joseph Dehner leads the Dodge charge and has the Crossfire and 2001 Chrysler Sebring in his quiver... but also the exterior design of the 2007 Sebring. Mark Allen has the the 2006 Jeep Wrangler and 2009 Dodge Ram 150 to take credit for, as well as super cool Jeep concepts like the Jeep JT and Jeep J8 Sarge. Here's to hoping Fiat encourages - and pays for - them to give us their best. Hat tip to 13enS!
[Source: The Motor Report]REPORT: Chrysler christens Brandon Faurote as new chief designer originally appeared on Autoblog on Wed, 01 Jul 2009 09:26:00 EST. Please see our terms for use of feeds.
Read | Permalink | Email this | Comments - Filed under: Sedans/Saloons, Chrysler, LLC., GM, Pontiac, Humor, Special/Limited Editions
Pontiac G6 "Super Bee" - Click above for photo gallery
While Pontiac gets ready to take a dirt nap next to Oldsmobile and the folks at Chrysler's Auburn Hills HQ brush up on their Italian, at least one American driver is showing us what might have been if the once-proposed Chrysler/GM merger (remember those days?) had come to be. Consider the perfect storm of hideous product decisions that could have ensued under such a tie-up.
What's that? Your mind's eye can't envision a scenario so horrifying? No worries. Autoblog reader Berto snagged some photos illustrating just how kooky things could have gotten. Imagine one automaker's muscle heritage fused with the base-level front-drive mediocrity of another. Imagine, friends, the Pontiac G6 V6 Super Bee. Thanks, Berto!
[Photos: Berto]Nopar: Pontiac G6 "Super Bee" originally appeared on Autoblog on Sun, 28 Jun 2009 15:40:00 EST. Please see our terms for use of feeds.
Permalink | Email this | Comments - Filed under: Government/Legal, Videos, Chrysler, LLC., GM
Commercial regarding GM and Chrysler's liability claims -- Click above to view the after the jump
A group called the Ad Hoc Committee of Consumer Victims of GM and Chrysler put together a commercial to run on Comcast throughout the weekend. The group numbers 460 people, 300 of whom are plaintiffs against GM, the rest against Chrysler, all of whom claim catastrophic injuries or the deaths of relations due to defective vehicles from the two companies.
The ad attacks the issue of New GM not being responsible for such liabilities. The claims, said to add up to about $1.25 billion for just the GM parties, would be addressed by the Old GM and lumped in with every other unsecured creditor's claims. That means that if the plaintiffs received anything at all, it wouldn't be much. GM is just following the government's orders -- it was the Administration that decreed post-bankruptcy Chrysler and GM won't be responsible for vehicles sold previous to bankruptcy.
GM's attorneys called Comcast, and Comcast explained pulling the ad by saying "We have temporarily stopped airing the ad while we conduct a review of the claims it makes." The commercial only asserts a few facts which could be easily checked, and makes a generalization about claims that won't be reported if people know nothing will come of them. Comcast hasn't given any timeline for that review, though. You can watch the ad after the jump and see for yourself.
[Source: Washington Post via TTAC]
Continue reading Comcast pulls ad criticizing GM, Chrysler to review claims
Comcast pulls ad criticizing GM, Chrysler to review claims originally appeared on Autoblog on Fri, 26 Jun 2009 15:26:00 EST. Please see our terms for use of feeds.
Read | Permalink | Email this | Comments - Filed under: Chrysler, LLC., Alfa Romeo, FIAT
Alfa Romeo has been toying with the idea of returning to America for years, but now that Fiat CEO Sergio Marchionne is working from Auburn Hills, the time seems more ripe than ever as details emerge on Fiat/Chrysler's strategy vis-a-vis the North American market. While Marchionne implements management restructuring designed to reduce Chrysler's executive hierarchy and separate its divisions into more independent units, a product strategy is rapidly being put into place to make up for lost time during the bankruptcy procedure and get the company back on track.
With Maserati and Ferrari already present in North America and Lancia offering little to entice North American buyers, the Italian side of the partnership looks poised to enter the market with Fiat and Alfa Romeo models. However, while future Chryslers, Dodges and Jeeps will share underpinnings with their Fiat and Alfa Romeo counterparts - including an Alfa GTX to be based on the new Jeep Grand Cherokee - the Fiat brand itself will have a very limited presence in the North American market, offering only the 500 retro hatchback as a stand-alone model... not unlike BMW's Mini brand. Other Fiat models will carry Chrysler, Dodge and Jeep badges, while Alfa Romeo will take the higher profile on this side of the Atlantic, offering cars under the stoic marque to compete with other European luxury brands. As the Freep points out, Chrysler and Alfa had collaborated in the early '90s to bring Alfas Stateside with limited success, but Marchionne evidently thinks it'll have better luck this time around.
[Source: Detroit Free Press]REPORT: Alfa Romeo to lead American charge, Fiat 500 to go it alone originally appeared on Autoblog on Fri, 26 Jun 2009 09:55:00 EST. Please see our terms for use of feeds.
Read | Permalink | Email this | Comments - Filed under: Government/Legal, Chrysler, LLC.
During bankruptcy, just about everyone involved with the affected company is going to feel the pain in some form. That is, of course, unless you're a lawyer. New York law firm Jonas Day has represented Chrysler during its time spent in Chapter 11 bankruptcy, and Automotive News is reporting that the firm billed $12.7 million for the month of May alone. That figure included 72 partners working on the case, in addition to another 193 lawyers chipping in. About $256,000 of that figure accounts for expenses, and the rest encompasses some hefty legal fees.
We're not all that surprised that it takes over 250 lawyers to execute a Chapter 11 bankruptcy of Chrysler's magnitude in only 40 days, but the figures for the firm's head lawyer, Corinne Ball, are staggering. Ball booked 15 hours a day, seven days per week for the entire month, at a bill rate of $900 per hour! That's $401,310 to you and I. On average, lawyers on the case billed $477 per hour, while paralegals came in at $224.
How much does it cost to feed 266 lawyers for a month? $5,878. That's about $20 per person for three meals, seven days a week. Taxi fees? $4,247. Document copying was a hefty $52,000 and hotel bills rang up at $62,000. Recession? What recession? Those numbers are pretty large, but in the end, results are worth big money. And getting a company the size of Chrysler out of bankruptcy in 40 days is no small task.
[Source: Automotive News, sub. req'd | Photo by Joe Raedle/Getty]Chrysler bankruptcy lawyers rack up $12.7M bill in first month originally appeared on Autoblog on Thu, 25 Jun 2009 14:29:00 EST. Please see our terms for use of feeds.
Read | Permalink | Email this | Comments - Filed under: Trucks/Pickups, Chrysler, LLC., Dodge
2009 Dodge Ram - Click above for high-res image gallery
One week after Chrysler announced that it was re-opening seven of its plants, one truck plant is being put back on the shelf. Automotive News reports that the Fenton, MO Dodge Ram 1500 plant will close on July 10, yet the facility will still reopen on June 29.
After the July 10 re-shutdown, the plant will remain closed "contingent upon volumes." In other words, Chrysler already has 68,000 Rams sitting on dealer lots -- a 115 day supply. The Missouri plant is already scheduled for ultimate closure sometime in the third quarter, and since July 10 officially qualifies as being in the third quarter, we've got the feeling the Fenton plant isn't coming back. The 1,200 UAW workers in Fenton will receive buyout package offers and, in some cases, the opportunity to transfer to other plants.
[Source: Automotive News - Sub. Req.]Chrysler idling Ram plant it just reopened originally appeared on Autoblog on Thu, 25 Jun 2009 09:01:00 EST. Please see our terms for use of feeds.
Read | Permalink | Email this | Comments - Filed under: Podcasts, Etc., Government/Legal, Buick, Chrysler, LLC., Ford, GM, Hyundai, Opinion/Editorial
Click above for the Autoblog Podcast in iTunes, RSS or listen now!
The dynamic duo of Chris and Sam carry off Episode #133 of the Autoblog Podcast without a hitch. Though down a man, the pair didn't cheap out on topics or duration, it's the same podcast goodness. It kicks off with Hyundai's impressive showing in the recently released Initial Quality Survey results. From there, they hit Chrysler's RWD/FWD dilemma with its Sebring/Avenger replacement, the rumor that Mustangs could have had IRS for $100 per car, and reports of an Ecotec engine for the Buick LaCrosse. Keeping it on the Buick tip, spyshots of a Tri-Shield variant of the new 2010 Astra get mentioned. The nullification of all pre-bankruptcy liability claims against GM and Chrysler is next before talk settles briefly on Hyundai's 2010-on lineup and then turns to your questions. It almost seems like the Chris and Sam show is a juggernaut without that other guy. Thanks for listening, and please, keep your questions and comments rolling in to Podcast at Autoblog dot com.
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Autoblog Podcast #133 originally appeared on Autoblog on Wed, 24 Jun 2009 13:29:00 EST. Please see our terms for use of feeds.
Read | Permalink | Email this | Comments - Filed under: Hybrids/Alternative, Trucks/Pickups, Government/Legal, Green, Chrysler, LLC., Dodge, GM
Our friends at PickupTrucks.com are reporting that General Motors has filed documents in court in an attempt to get "New" Chrysler to honor its full pre-bankruptcy debt of $531,275 (of which Chrysler has so far only agreed to pay back about a third) for work on the sophisticated Two-Mode hybrid powertrain that was jointly developed by the two American automakers along with Daimler and BMW.
Chrysler and General Motors have both filed for Chapter 11 protection from creditors, which allows the automakers to renegotiate - or in many cases completely cancel - past contracts that are no longer desirable. It seems that Chrysler's contract with The General, which is supplying the hybrid transmissions to Chrysler, has yet to be picked up by New Chrysler.
This case is a bit more intriguing than most - such as Chrysler's canceled contract with Cummins for light-duty diesel engines for the Ram pickup - as it pits General Motors across the courtroom and on the other side of bankruptcy negotiations. We suspect that New Chrysler may be keen to pick up its old tab since the automaker is still planning to use the Two-Mode Hybrid technology for future vehicles, starting with the 2010 Dodge Ram, though possibly with more favorable terms.
[Source: PickupTrucks.com]REPORT: GM pursuing Chrysler for repayment of Two-Mode Hybrid development originally appeared on Autoblog on Tue, 23 Jun 2009 19:28:00 EST. Please see our terms for use of feeds.
Read | Permalink | Email this | Comments - Filed under: Car Buying, Government/Legal, Chrysler, LLC., GM
America's "Cash for Clunkers" bill is on the cusp of being signed by President Obama, but according to a new survey by Rasmussen Reports, a majority of U.S. citizens aren't in favor of the plan.
According to the telephone survey, fully 54% of those queried are against the measure, while 35% are in favor and 12% aren't sure how they feel about it. That's up from a similar survey done last month, in which just 34% were against consumer vouchers for trading in older, less efficient cars and trucks. In fairness, Rasmussen Reports indicates that the change could have been influenced by a change in the wording of the respective surveys (the initial survey did not indicate how much the program might cost the government).
While that news may not perk up the spirits of Capitol Hill, the survey's findings that 17% of those asked say they are "very likely" to purchase a new vehicle this year because of the program (and a further 18% admit they are somewhat likely) ought to cheer up a few members of Congress.
Perhaps most interesting of all is news that many Americans would appear to have little faith in the ability of the government to help General Motors improve its fortunes, with 41% expecting for GM's quality to deteriorate under federal ownership. (Presumably, this leaves 59% of those surveyed that feel otherwise or are undecided). Perhaps more damaging is that the study's findings say that fully 57% of those questioned believe that the government is likely to pass laws and regulations that give Chrysler and General Motors unfair advantages over other automakers that did not receive bailout funds.
Oddly, Rasmussen Reports' findings to not disclose the number of people it surveyed, or any +/- accuracy estimates. Perhaps one has to have a 'premium membership' to get access to that data. In any case, check out the link for more of the study's findings.
[Source: Rasmussen Reports via Instapundit | Image: Matt Cardy/Getty]POLL: 54% of Americans against Cash for Clunkers, 59% expect GM quality to dip under gov't. ownership originally appeared on Autoblog on Tue, 23 Jun 2009 14:29:00 EST. Please see our terms for use of feeds.
Read | Permalink | Email this | Comments - Filed under: Government/Legal, Chrysler, LLC., GM
Outside of bankruptcy, General Motors and Chrysler were no longer competitive enough to remain solvent. After Chapter 11 reorganization, the two automakers will have a clean financial statement and a whole lot fewer employees, plants, and dealers. Another area where the two automakers will receive a clean bill of health is product liability lawsuits, and the savings will be huge, The Detroit News reports. GM, for example, had $928 million in liability expenses (including court costs and lawyer fees) in 2008 and $1.1 billion in 2007.
The government has ruled that the new GM and Chrysler will not be held liable for vehicles sold by the old GM and Chrysler. Lawyers are still debating whether or not cars and trucks purchased after bankruptcy proceedings began will be covered, but anything before bankruptcy is apparently out of the picture. University of Michigan law professor and bankruptcy scholar John Pottow told the DetNews that GM lawyers gave him the impression that it was the government that was driving this issue:
"What's fascinating about this is that it is the government taking the hard line here, insisting that the new company should emerge free of those liabilities. It's the government actually thinking like hardheaded investors instead of taking the more predictable, more socialist line."
While the two companies' ledgers will look better without the threat of liability, the move is brutal for those who are awaiting trial or have already been awarded money but have yet to receive any funds. Those who have been permanently disabled as a result of alleged vehicle defects will now likely never receive a dime for their injuries. While pre-bankruptcy liabilities will be swept under the rug, GM and Chrysler will continue to cover all applicable warranties both pre- and post-bankruptcy.
In the meantime, attorneys general from a number of states aren't taking the matter lying down - eight separate states have filed objections to the provision in federal bankruptcy court on Friday.
[Source: The Detroit News]Bankruptcy filing reportedly allows GM, Chrysler to shed hundreds of product liability lawsuits originally appeared on Autoblog on Mon, 22 Jun 2009 14:27:00 EST. Please see our terms for use of feeds.
Read | Permalink | Email this | Comments - Filed under: Concept Cars, Sedans/Saloons, Chrysler, LLC., Alfa Romeo, FIAT
Chrysler 200C concept car - click above for high-res image gallery
Setting the Challenger and 300 aside, what Chrysler needs now most of all is a C/D segment car that moves more metal than the pitiful performance of its current offerings. According to Automotive News, Chrysler shifted just 133,626 of its Sebring and Dodge Avenger platform-mates, a number that pales in comparison to class leaders like the Toyota Camry (436,617) and Honda Accord (372,789). The constant clamor to put the 200C concept into production in some form has got Chrysler looking for ways to make that car a reality, but finding a platform that will play on Main Street is a thorny little chestnut.
Replacing the universally jeered Sebring and Dodge Avenger (and their Mitsubishi platform) by going rear-wheel drive is a possibility. The 200C show car sat on a shortened version of the LX platform, in theory inviting both rear-wheel and all-wheel drive configurations. Fiat's D-Evo platform, debuting with the replacement for Alfa Romeo's 159, is another possibility, but there are concerns it may not be flexible enough to grow to the size the 200C needs. Fiat's bid for General Motors' Opel unit brought with it speculation that the 200C could snag the Epsilon platform, but that's since fallen off the radar.
While a rear-drive Chrysler midsizer sporting the sharp exterior and interior design of the 200C and priced like a Fusion would be something distinctive, the sales case for such a departure from the class-norm of FWD remains yet to be convincingly argued. Tuned properly, such a vehicle could give much higher-zoot iron a run for its money, and performance enthusiasts likely would embrace such a model; though they may not actually buy one. Chrysler needs to close sales, not set internet chatrooms abuzz, so regardless of how it comes to market, the 200C must be more fully realized than the current Chrysler midsizers.
[Source: Automotive News (subs req)]Chrysler pondering whether Sebring/Avenger replacements should go rear-wheel drive? originally appeared on Autoblog on Mon, 22 Jun 2009 11:00:00 EST. Please see our terms for use of feeds.
Read | Permalink | Email this | Comments - Filed under: Concept Cars, Coupes, Sports/GTs, Videos, Chrysler, LLC., Dodge, Rendered Speculation
Plymouth Road Runner Concept - Click above for image gallery
Nearly a year ago, the cover of Mopar Enthusiast asked the question: Could the Plymouth Road Runner be reborn? The obvious answer: No. But that didn't stop the buff book from publishing a host of gorgeous renderings by Michael Leonhard, an independent artist hailing from Austria.
Based on the Dodge Challenger, the Road Runner concept takes its cues from the '71-72 models, and in Leonhard's active imagination, it would be powered by a choice of 5.7-, 6.1- or 7.0-liter engines, each available with either a six-speed manual or six-speed automatic gearbox, complete with paddle shifters. The 20-inch (front) and 22-inch (rear) wheels combine a little old-school nostalgia with a new-school flavor, along with a glowing Roadrunner logo placed between the LED tail lamps. We'll let the artist and his work speak for themselves, so check out the gallery below and make the jump for Leonhard's own description, along with a brief video of the concept.
Continue reading Return of the 'Runner: Plymouth Road Runner Concept shackled to the virtual world
Return of the 'Runner: Plymouth Road Runner Concept shackled to the virtual world originally appeared on Autoblog on Fri, 19 Jun 2009 14:57:00 EST. Please see our terms for use of feeds.
Permalink | Email this | Comments - Filed under: Economy, Sedans/Saloons, SUVs, Plants/Manufacturing, Crossovers/CUVs, Hatchbacks, Chrysler, LLC., Dodge, Jeep, Alfa Romeo, FIAT, Rumormill
Alfa Romeo Kamal concept - Click above for high-res image gallery
According to automotive consulting firm IHS Global Insight, the Chrysler, Dodge and Jeep lineups are going to look drastically different over the next few years under Fiat control. No surprises there, but the report goes on the forecast which current Chrysler vehicles will be dropped and which ones will be transferred to new platforms. We've already heard that the next Alfa Romeo 169 sedan will be built atop Chrysler's LX platform in Ontario, Canada and that the Fiat 500 will be built ASAP in Toluca, Mexico, but that's only the beginning.
If IHS is right, joining the 500 in Toluca will be the Jeep Panda, which, as you may have guessed, will be a version of the Fiat Panda wearing Jeep's trademark seven-slot grille. Furthermore, Alfa Romeo may get two new SUVs that would be built in Jeep factories in Jefferson, Michigan and Toledo, Ohio - one midsize 'ute called the GTX that's based on the WL platform that underpins the Jeep Grand Cherokee and a smaller one built on Fiat's C-EVO platform, which will also underpin the next Jeep Liberty. That leaves the unloved Jeep Compass and its somewhat more likable brother, the Patriot, to die slow and inglorious death.
Fiat's C-EVO platform will also spawn the next-gen Dodge Journey, Chrysler Sebring (and presumably the Dodge Avenger if it survives past its current form), and Dodge Caliber. Moving downward in size a notch will (finally) be the Dodge Hornet, which will forgo Bad Chrysler's old deal with Nissan in order to share its Fiat 199 platform with the Alfa Romeo MiTo, both of which will be assembled in Belvidere, Illinois sometime in 2011. Thanks for the tip, Dad!
[Source: Global Insight]Future Chrysler, Alfa Romeo and Fiat product plans revealed? originally appeared on Autoblog on Fri, 19 Jun 2009 14:01:00 EST. Please see our terms for use of feeds.
Read | Permalink | Email this | Comments - Filed under: Trucks/Pickups, Green, Chrysler, LLC., Dodge
2009 Dodge Ram - Click above for high-res image gallery
According to court documents, Chrysler has put at least a temporary halt to the expected light-duty Cummins diesel engine for the Dodge Ram 1500. Mark Land, director of public relations at Cummins, tells our sleuthy friends at PickupTrucks.com:This is not a surprise. We're OK with this. We've been trying to rework development of the [light-duty diesel] engine over the last several months, given the current economic climate.
It may not come as too much of a shock to anyone that's been paying attention, but it's unwelcome news nonetheless. Just like all other contracts that Chrysler had with its suppliers, the agreement between Dodge and Cummins to build the diesel powerplant was voided when the automaker filed for bankruptcy and the deal was not transferred to New Chrysler. Fortunately, there's still a ray of hope that the engine program will live on. Says Land:
Chrysler hasn't told us they don't want to [build the engine], it just won't happen under the terms of the original contract with the New Chrysler.
Even without Chrysler, Cummins plans to eventually put the light-duty diesel engine into production. There remains a possibility that another automaker (Nissan perhaps?) may pick up the powerplant for use in a consumer-grade vehicle.
[Source: PickupTrucks.com]REPORT: Chrysler kills light-duty Cummins engine for Dodge Ram 1500, at least for now originally appeared on Autoblog on Fri, 19 Jun 2009 10:31:00 EST. Please see our terms for use of feeds.
Read | Permalink | Email this | Comments - Filed under: Sedans/Saloons, Euro, Hatchbacks, Daimler, Lexus, Mercedes-Benz, Toyota
According to a report from Auto Motor und Sport, Toyota is considering a partnership with Daimler to build Mercedes-Benz' A- and B-Class sub-compacts on the Japanese automaker's MC platform. The idea is to maximize the efficiency and output of Toyota's European plants, and could also include sharing development costs on each brand's next generation flagships: the Lexus LS and Mercedes S-Class. Daimler has dismissed the report as "speculation," while a Toyota Motor Europe spokesman toed the company line, only saying "It's part of our normal business practice that we regularly talk to other carmakers but there are no specific projects planned at the moment."
[Source: Auto Motor und Sport via Reuters]REPORT: Toyota considering cooperation with Daimler on compact, full-size models originally appeared on Autoblog on Wed, 01 Jul 2009 15:41:00 EST. Please see our terms for use of feeds.
Permalink | Email this | Comments - Filed under: Hybrids/Alternative, Green, Daimler, Mercedes-Benz
Mercedes-Benz/Tesla press conference - Click above for ABG's liveblog coverage
During a press conference held at the Mercedes-Benz Museum in Stuttgart this morning, Dr. Thomas Weber, the head of research and development for Mercedes-Benz, announced that Daimler is buying a 10% stake in Tesla Motors. Tesla CEO Elon Musk was also on hand for the announcement. The companies did not specify the amount paid by Daimler, other than it was in the double digit millions. Daimler will be providing Tesla with engineering support and possibly parts that may go into the Model S. Tesla, meanwhile, will continue providing battery packs for the second-generation Smart ED starting later this year. Tesla will also focus on battery pack integration and battery management systems for Daimler going forward.
The deal will also give Tesla access to the automotive lithium ion cells being produced by Daimler's investment in Li-Tec, a joint venture between Evonik and Daimler. Weber announced that Daimler would commence series production of electric Smarts in 2012, with volume projections in the five digits.
Daimler's Prof. Herbert Kohler (who is in charge of e-drive systems at the German automaker) will take up a board seat at Tesla and oversee development at the California company. We live blogged the conference at AutoblogGreen this morning and the official press release is after the jump.
[Source: Daimler]
Continue reading Daimler buys 10% stake in Tesla, will supply parts and engineering
Daimler buys 10% stake in Tesla, will supply parts and engineering originally appeared on Autoblog on Tue, 19 May 2009 09:27:00 EST. Please see our terms for use of feeds.
Permalink | Email this | Comments - Filed under: Chrysler, LLC., Daimler, Earnings/Financials
Hot on the heels of the Chrysler's tentative deal with the UAW to cut the automaker's VEBA obligations, Daimler AG has announced it's finally reached an agreement to unload its remaining stake in Chrysler. According to Daimler's release, the company's 19.9% stake in Chrysler will be redeemed and Daimler write off a $1.5 billion loan which will help (if it can) avoid putting Chrysler into bankruptcy and facilitate the automaker's deal with Fiat. The agreement is likely to reduce Daimler's second-quarter earnings (before interest and taxes) by around $700 million, however, the German giant had already written down its stake in Chrysler last year. The agreement also includes Daimler paying $200 million into Chrysler's pension plans once the agreements are definitive, and another $200 million each year until 2011. All the gritty details are available in the press release below the fold.
[Image: Bill Pugliano/Getty]Continue reading Daimler agrees to give up remaining stake in Chrysler
Daimler agrees to give up remaining stake in Chrysler originally appeared on Autoblog on Mon, 27 Apr 2009 18:32:00 EST. Please see our terms for use of feeds.
Permalink | Email this | Comments - Filed under: Chrysler, LLC., Daimler, Earnings/Financials
Nerves are frazzled in Stuttgart over the troubles facing Chrysler. Let's not forget that Daimler still has a skin in the Chrysler game, and while everyone natters and frets about whether or not Fiat will prove to be the Savior Of Auburn Hills, execs are also thinking about the worst-case scenario in the halls of Daimler.
According to the Detroit Bureau, Bodo Uebber, Daimler's Chrysler guy, reported recently that concerned shareholders are rightfully nervous, as Daimler could be stuck with a $1 billion liability if Chrysler ist kaput. Unfunded pensions and potential claims from suppliers could result in very bad things for Daimler. Cerberus and the German automaker are also duking it out over whether Chrysler's health was honestly disclosed at the time of the deal, tying up any developments with the remaining 19.9 percent of Chrysler that Daimler still owns. Both Uebber and Dieter Zetsche, Daimler's CEO, are actively trying to unload the company's stake in Chrysler to Cerberus, but predictably, that conversation isn't going anywhere at the moment.
[Source: The Detroit Bureau | Image: Bill Pugliano/Getty]
REPORT: If Chrysler goes down, it could cost Daimler $1 billion originally appeared on Autoblog on Fri, 10 Apr 2009 11:29:00 EST. Please see our terms for use of feeds.
Read | Permalink | Email this | Comments - Filed under: Coupes, Economy, Hatchbacks, Daimler, SMART, Lifestyle
Last October we advised you not to hold your breath for Daimler's Car2Go program to come to America. You can breathe again. If you live in Austin, Texas you'll be able to rent a mild hybrid Smart ForTwo by the minute this fall. Austin was chosen because of its university population and its concern for the environment.
Car2Go makes its fleet available on-demand, with a clear price structure, and you can keep the car as long as you wish. Those in the program access the vehicles by swiping a tag on their driver's licenses over a card reader on the car. As with the pilot program in Ulm, Germany the service will start in Austin with an initial fleet, expected to consist of around 200 Smarts that will be available to city employees first and then expand to public use at the conclusion of a trial period.
[Source: Canadian Driver]Daimler's Car2Go program coming to Austin, Texas this fall originally appeared on Autoblog on Thu, 02 Apr 2009 08:28:00 EST. Please see our terms for use of feeds.
Read | Permalink | Email this | Comments - Filed under: Green, Commercial Trucks, Daimler
Click above for a high-res gallery of the Freightliner Innovation Truck
Daimler Trucks North America has used the Mid-America Trucking Show in Kentucky to release its latest concept in commercial-grade hauling. The Innovation Truck concept takes the fuel-saving innovations introduced on the Freightliner Cascadia, already the most aerodynamic of the company's trucks, and turns them up to eleven.
Included in the aero tweaks are rear wheel fairings, underbody panels, a roof deflector and a front air splitter. Further, the side mirrors were replaced with cameras to reduce drag. Once up to speed, the Innovation Truck can lower its ride height using air bladders, further reducing fuel usage. Wireless tire pressure monitoring also sends data to an onboard navigation/infotainment screen in the cabin. Also present on the truck is Freightliner's new RunSmart Predictive Cruise control.
With such a focus on fuel savings, it's not surprising that Daimler has fitted the diesel powerplant with its BlueTec emissions after-treatment system, which injects a urea-based fluid directly into the exhaust to reduce nitrogen oxide emissions. Lastly, ParkSmart VHAC technology allows the truck's climate control systems to operate without running the truck's engine using electricity from a second bank of batteries.
Daimler says that the Innovation Truck concept is meant to "show our customers what they can expect from us in the near future," so we'll be on the lookout for menacing flat black semi trucks the next time we're headed out for a road trip.
[Source: Daimler]Continue reading Freightliner unveils big rig concept showcasing future technology
Freightliner unveils big rig concept showcasing future technology originally appeared on Autoblog on Thu, 26 Mar 2009 09:58:00 EST. Please see our terms for use of feeds.
Permalink | Email this | Comments - Filed under: Concept Cars, Convertibles, Economy, Etc., Green, Tech, Daimler, Mercedes-Benz
Mercedes-Benz F-Cell Roadster - Click above for high-res image gallery
Times may be tough, but that isn't stopping Daimler from having a bit of expensive-looking fun with its trainees... so long as there's an educational bent to it. What you see before you isn't an artful series of renderings, it's an actual time-warping fuel cell concept dubbed "F-CELL Roadster."
It took a year and more than 150 trainees to create, but the entire project involved using "junior employees", giving the company's up-and-coming employees a creative way to learn how alternative-fuel systems come together.
The F-CELL Roadster marries Benz Patent Motor Car stylings with 21st century tech wonderfully, including that legendary vehicle's general aesthetic and proportions, along with old-meets-new technologies like carbon-fiber buckets capped in hand-stitched leather and a drive-by-wire central control joystick.
The centerpiece, of course, is the Roadster's fuel cell powertrain, which has a power rating of 1.2 kilowatts, a top speed of 25 kilometers-per-hour, and a range of 350 kilometers. That means you'll have a long, slow trip, just like those adventuring motorists back at the turn of the century. Official press release posted after the jump.
[Source: Mercedes]Continue reading Mercedes-Benz unveils retrofuturistic F-Cell Roadster built by trainees
Mercedes-Benz unveils retrofuturistic F-Cell Roadster built by trainees originally appeared on Autoblog on Wed, 25 Mar 2009 11:25:00 EST. Please see our terms for use of feeds.
Permalink | Email this | Comments - Filed under: SUVs, Plants/Manufacturing, Daimler, Mercedes-Benz, Rumormill
Last week, we told you how despite the downturn, Daimler is upping its investment in the state of Michigan, coming to terms with the city of Ann Arbor to build a new hybrid and electric R&D facility. Now, Automotive News is reporting that the automaker is expected to actually expand its Vance, Alabama production plant.
If the rumors are true, the Mercedes-Benz plant (which currently builds GL, M, and R class vehicles) will benefit from a $290 million investment that is to begin within 60 days. The news evidently leaked out after company officials contacted the Tuscaloosa County Industrial Development Authority about property and sales tax breaks (which it apparently received).
The expansion news comes at an odd time, as not only has the automaker's sales been flagging in the U.S. (down 20 percent in February year-over-year, admittedly much better than the market plunge of 41.4 percent), but sales of Vance-built SUVs in particular have fallen off, with Benz responding by reducing the plant's workforce.
Automotive News says the expansion effort won't be completed until 2011, but word yet on how much capacity this will give the plant (and what it will be used for) is not yet known.
[Source: Automotive News - subs. req'd]
Rumormill: Mercedes-Benz expected to expand Alabama plant originally appeared on Autoblog on Mon, 23 Mar 2009 10:58:00 EST. Please see our terms for use of feeds.
Permalink | Email this | Comments - Filed under: Daimler, Mercedes-Benz
The global auto industry is enduring its worst crisis in decades, and iconic companies with 100-year histories are being pushed to the brink. Luxury automaker Daimler is no different, with Mercedes-Benz sales down 17% in the past quarter and posting a loss of $1.95 billion in the fourth quarter alone. To help alleviate the a major cash crunch, Daimler has sold off 9.1% of the company to Abu Dhabi firm Aabar Investments PJSC.
Aabar purchased 96.4 million shares at a 5% discount under the stock price of 21.34 euros. Daimler shares were selling for 45 euros a piece before the rug was pulled out from under global luxury car sales. Both companies consider the partnership to be a long-term investment, as Daimler will need all the help it can get weathering brutal automobile sales slump. The two companies will also collaborate on electric vehicle development and Daimler will build a training center in Abu Dhabi. Thanks for the tip, Abdul!
[Source: Bloomberg | Photo: Torsten Silz/Getty]REPORT: Daimler sells 9.1% stake to Abu Dhabi firm for $2.7 billion originally appeared on Autoblog on Mon, 23 Mar 2009 07:58:00 EST. Please see our terms for use of feeds.
Read | Permalink | Email this | Comments - Filed under: Tech, Commercial Trucks, Daimler
The next step in cruise control comes courtesy of Freightliner semis and GPS data company NAVTEQ. Freightliner broadened communication between the cruise control and map data: the GPS transmits information on the road ahead up to a mile, and then the cruise control computes the best speed at which to cover the distance with the greatest fuel efficiency.
It's called RunSmart Predictive Cruise, and it employs slope data from the NAVTEQ system that has been collected on 200,000 miles of the most used truck routes. While RunSmart is looking for peak efficiency, it won't sacrifice speed; the system remains within 6% of the set speed. It's an available option on Freightliner's Detroit Diesel DD15-equipped Cascadia model with the 72-inch raised roof.
[Source: Daimler]Freightliner debuts RunSmart Predictive Cruise Control originally appeared on Autoblog on Sun, 22 Mar 2009 13:34:00 EST. Please see our terms for use of feeds.
Read | Permalink | Email this | Comments - Filed under: Hybrids/Alternative, Government/Legal, Green, Plants/Manufacturing, Tech, Daimler, Mercedes-Benz
In an all-too-rare win for Detroit's automaker base, the state of Michigan and Daimler have reportedly reached a deal to see a new Mercedes-Benz hybrid and electric car research and development facility built in neighboring Ann Arbor. Among other things, the facility will develop hybrid transmissions, electric motors, and powertrain management software.
The German automaker is reportedly seeking a 65,000 square-foot facility to house the R&D works, and the development will also see the relocation of an existing facility currently located in Troy. Over the course of the next decade, the new operation is expected to represent a $9.9 million investment and generate 454 jobs - 223 of them directly. However, in order to secure the facility in Michigan (California and South Carolina were reportedly also considered), the state has had to cough up a tax break package worth some $7.5 million over 10 years.
[Source: MLive]REPORT: Daimler to open Mercedes hybrid electric research base in MI originally appeared on Autoblog on Thu, 19 Mar 2009 13:56:00 EST. Please see our terms for use of feeds.
Permalink | Email this | Comments - Filed under: BMW, Daimler
Luxury automobile sales have been hit especially hard during the global economic disaster, and Daimler and BMW may become much closer allies as a result. German magazine Der Spiegel published a report stating that the two luxury giants are working to combine their purchasing power to save hundreds of millions of dollars. But the really interesting cooperation will reportedly happen in the form of a stock swap.
Under the alleged agreement, each company would give the other a 7% stake in the other. The move would strengthen the German automaker's new bond and perhaps lead to further cash-saving collaboration down the road. The magazine reports that the Quandt family, who own 46% of BMW, isn't keen on the idea due to Daimler's 1998 takeover of Chrysler. But the German government has allegedly been contacted to gauge the possibility of overriding any opposition to the deal. Talk of a BMW/Daimler tie up have been circulating for years, but the rumor tree has yet to bear any fruit. Due to the shabby state of the global automotive market, that could change quickly.
[Source: Automotive News - Sub. Req.]BMW and Daimler consider swapping shares in cross-ownership plan originally appeared on Autoblog on Mon, 09 Mar 2009 10:02:00 EST. Please see our terms for use of feeds.
Read | Permalink | Email this | Comments - Filed under: Daimler, Mercedes-Benz, Earnings/Financials
Daimler is the latest in a long line of automakers to post a heavy decline for Q4 earnings in 2008. The German automaker was in the red to the tune of $1.95 billion, which is isn't a surprise considering October through December was among the worst periods for car sales in modern times. The loss was also a big swing from the $2.14 billion in profit Daimler posted in Q4 2007. Sales shrunk by 17% for the quarter as well, with net cash flow down by 12% to $26.9 billion. A big portion of Daimler's loss came courtesy of Chrysler, as the German automaker's 19.9% stake resulted in $1.4 billion in losses. Daimler is looking to unload it's share of Chrysler, but at this point will likely have to pay a massive premium to take the Auburn Hills, MI-based automaker off its books.
Daimler still managed a $1.77 billion profit in 2008, though that's down from $3.77 billion just one year earlier. Don't expect Daimler to make any predictions for 2009, either. The automaker is expecting continued struggles ahead for Mercedes-Benz, as the economic downturn is pinching wealthier buyers just as much as the rest of us.
[Source: Detroit News | Photo by TORSTEN SILZ/AFP/Getty]Daimler posts $1.95 billion fourth-quarter loss originally appeared on Autoblog on Tue, 17 Feb 2009 15:59:00 EST. Please see our terms for use of feeds.
Read | Permalink | Email this | Comments - Filed under: Hirings/Firings/Layoffs, Daimler, Mercedes-Benz
Wolfgang Bernhard is coming back to Daimler. The man who helped facilitate the sale of Chrysler to Cerebus, was instrumental in the Chrysler ME Four-Twelve supercar concept, and, most notably, the guy that drove the V10-powered Tomahawk motorcycle onto the stage at the 2003 Detroit Auto Show, will take over the van division of Mercedes-Benz on April 1st.
Bernard's return to Daimler comes as a bit of shock, considering he was the assumed successor to Dieter Zetsche as the head of M-B before he left under duress after a ten-year stint with the automaker. Soon afterward, he took the top position at Volkswagen and was later ousted after some boardroom shenanigans involving Ferdinand Piech.
Recently, Bernard was reportedly working as an advisor to Magna International, but in these tumultuous times, we're sure Wolfgang was looking for a more steady position.
[Source: Reuters]Baby Come Back: Wolfgang Bernhard returns to Daimler originally appeared on Autoblog on Tue, 10 Feb 2009 13:01:00 EST. Please see our terms for use of feeds.
Permalink | Email this | Comments - Filed under: Chrysler, LLC., Daimler, FIAT
For over a decade, ownership of Chrysler has been bouncing back and forth over the Atlantic like an Airbus jet. Since its founding in 1925, it was independently owned and operated right out of Detroit, then Daimler bought controlling interest in 1998, only to sell it to U.S.-based Cerberus Capital Management. Now Fiat is poised to assume a 35% stake in the company. So the question is, who holds controlling interest? Well in short, nobody does. Daimler holds nearly 20%, Fiat's taking over 35%, leaving Cerberus with 45% - the lion's share, but short of controlling interest.
But while the majority of Chrysler's shares may be back in Europe, Daimler isn't interested in holding onto its stake. Daimler and Cerberus had been talking about transferring ownership of the remaining 20% for a while already, but with America's financial institutions in shambles, who knows if the capital management company can even manage to find the capital to buy the rest of the company. In the meantime, it looks like Chrysler's at the whim of European automakers... yet again.
[Source: Reuters]Who's the Boss? Daimler still wants to offload remaining stake in Chrysler originally appeared on Autoblog on Wed, 21 Jan 2009 07:58:00 EST. Please see our terms for use of feeds.
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Archive for the 'CHRYSLER' Category
Saturday, September 29th, 2007
Filed under: Economy, Geneva Motor Show, Euro, Chrysler, Dodge
The Dodge Hornet is about to be officially a go. Dodge’s Euro B-segment entrant will be produced with Chinese automaker Chery, and won’t have a Chrysler-branded counterpart. The show car, from the 2006 Geneva show, had a supercharged 4-cylinder with 170 hp, and got to 60 in 6.7 seconds. Autocar believes the production version may bow as early as this September at the Frankfurt Motor Show, though we think that’s a bit optimistic.
The good thing is that the Hornet’s impending production is part of Chrysler’s 3-year, $3-billion product renewal program, which has been “confirmed” since Cerberus bought the company. Though it will likely debut at a European auto show, we have high hopes that Chrysler will bring its Chinese-built B-car to the U.S., as well.
[Source: Autocar]
Posted in World Cars, Passenger Cars, Automotive News, CHRYSLER, DODGE, Concept Cars | No Comments »
Saturday, January 27th, 2007
2007 Chrysler Nassau concept. Charles V. Tines / The Detroit News
Posted in World Cars, Passenger Cars, Tuning Cars, Automotive News, CHRYSLER | No Comments »
Tuesday, December 27th, 2005
Details info:
Alternative names:
Sales Company:
Available version:
3.5 V6 24v 4wd AutoStick
Previous version:
Variation:
Startech (Germany) Chrysler tuning
Donors:
Posted in CHRYSLER | No Comments »
Tuesday, December 27th, 2005
Details info: Alternative names:
Crossfire (Chrysler Europe - Germany)
Chrysler Crossfire Roadster 2d
Sales Company:
Chrysler Europe (Germany)
Available version:
3.2 V6 18v 160kW
3.2 V6 18v aut. 160kW
SRT-6 - 3.2 V6 18v 246kW Supercharged
SRT-6 - 3.2 V6 18v 246 kW Supercharged aut.
Previous version:
Assembly Plans:
Karmann (Germany)
Info:
Chrysler Crossfire was developed after a concept version of the car was revealed at the 2001 North American International Auto Show in Detroit. A production version was unveiled one year later at the 2002 Los Angeles Auto Show. Manufactured by Karmann in Germany this new sporting coupe is a symbol of the possibilites of the DaimlerChrysler Group. Powertrain and axle components are shared from Mercedes-Benz cars.
11000 cars are scheduled to be produced in 2003.
Donors:
Posted in CHRYSLER | No Comments »
Monday, December 26th, 2005
Details info: Alternative names:
Chrysler Crossfire Coupé 3d
Sales Company:
Chrysler Europe (Germany)
Available version:
3.2 V6 18v 160kW
3.2 V6 18v aut. 160kW
SRT-6 - 3.2 V6 18v 246kW Supercharged
SRT-6 - 3.2 V6 18v 246kW Supercharged
Previous version:
Variation:
Startech (Germany) Chrysler tuning
Startech (Germany) Coupé
Info:
Chrysler Crossfire was developed after a concept version of the car was revealed at the 2001 North American International Auto Show in Detroit. A production version was unveiled one year later at the 2002 Los Angeles Auto Show. Manufactured by Karmann in Germany this new sporting coupe is a symbol of the possibilites of the DaimlerChrysler Group. Powertrain and axle components are shared from Mercedes-Benz cars.
11000 cars are scheduled to be produced in 2003.
Assembly Plants:
Karmann (Germany)
Donors:
Posted in CHRYSLER | No Comments »
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