Chrysler recently submitted their viability plan to the government to request for a supplementary$2 billion to exceed the $7 billion loan fund and also included in the report are the actions that they will do to cut costs.
The car manufacturer also declared that they will decrease fixed costs by adding $700 million, cutting 100,000 more of its units of production ability, suspending three more concept array and selling $300 million more in their assets.
Chrysler assured that they will complete their viability plan by its deadline on March 31.
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General Motors will trim down its workforce by fourteen percent around the globe by the end of this year and will also slash down the salaries of those who will remain in the car company.
From the current number of 73,000 salaried workforces, they will have a dreadful decline to a difference of 63,000 that is according to the statement made by General Motors. In the United States, approximately 3,400 of the car company’s 29,500 salaried workforces, mostly in southeast Michigan, will be removed by the first of May. These workers are eligible to receive severance pay and some financial assistance as declared by General Motors. The rest of the affected workforces will be from the European offices and from other parts of the world.
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Automotive journalists and enthusiasts alike were at the Detroit Auto Show, which served as the venue for the world premiere of Chrysler LLC’s four electric vehicles. Adding to the excitement was the surprise unveiling of the concept car for the company’s upcoming electric vehicle called the 200C EV.
The 200C EV concept car donned the similar electric drive system used in the other Chrysler EVs shown in Detroit, such as the Jeep Wrangler Unlimited EV, Town & Country EV minivan, and the Jeep Patriot EV. According to Jim Press, Chrysler co-President, the line of EVs showcased at the Detroit show serves as evidence of the company’s ongoing plan to invest in EVs that will continue well into the next years.
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Rising fuel costs and the global financial crisis may
have changed a lot of aspects of how people live on a daily basis. This includes how people choose their cars. The Chrysler 300C is a big car that is a big proof that big cars are not out.
The 300C signaled the return of the car manufacturer to the sedan rear wheel drive market. It conquered the market and became the top product of Chrysler.
The 300 follows the architecture of the Dodge Charger, Magnum, and Challenger all built in the same LX Platform of Chrysler. The LX platform is patterned after the architecture of the E Class of Mercedes released in 2002.
The power plant under the hood of the rear-wheel-drive 300 LX has an output of 178 horsepower at 5500 rpm for the 2.7L V6 version. At 4000 rpm, it has an excellent torque of 190 lb-ft.
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Although there is still two months left before the 2010 Dodge Ram 2500/3500 Mega Cab is unveiled to the world, some car enthusiasts were able to shoot a few snap pictures of the said unit while the models were taken out for a final shakedown.
Chrysler’s Dodge Ram Mega Cab is said to feature optional 8-foot beds in its availability in 2010. The said humongous foot box will provide more space for the fifth-wheel trailer—a feature that could be of extreme use and service when the unit is faced with tight and difficult turns.
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Samuel Hubinette, whose drift skills earned him a drift title in 2004 and 2006, is set to test the limits of the new Chrysler’s Dodge Challenger in the next race season. The parts division of Chrysler introduced the Drift Dodge Challenger at SEMA with no less than two-time Formula drift champion Samuel Hubinette himself. Complementing the celebration is an open bar.
There are a lot of expectations from the Drift Dodge Challenger. The car is expected to perform with ultimate accuracy and speed. For example, the Challenger is expected to have around 850 hp and 849 lb-ft of torque, which comes from an all-aluminum engine. The Challenger is expected to weigh lighter than the Viper, with an estimated weight of 2,900 pounds.
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