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Maserati will get its own SUV model next year, built on the platform of Jeep Grand Cherokee at the Chrysler Group plant in Detroit, the companies announced Tuesday.
Sergio Marchionne, the CEO of Jeep parent Chrysler Group and Maserati parent Fiat, said that the new vehicle will debut in 2012 and that it will contain an engine designed by another Fiat unit, Ferrari. Get the full story »
Fast growing Korean manufacturer Hyundai Motor and its Kia Motors affiliate shared the top spot for crash safety in a broad review of 2011 models. (See the full list)
Volkswagen and its luxury Audi brand also were among the 66 passenger cars and sport utilities garnering the highest ratings published by the Insurance Institute for Highway Safety. Get the full story »
Chrysler Group LLC said Tuesday it is looking to invest $843 million to improve its Kokomo, Indiana, plants to produce a new transmission and retain about 2,250 jobs.
Chrysler said the Kokomo improvements would push its total investment in U.S. facilities to nearly $3 billion since the automaker emerged from a government-funded bankruptcy under the management control of Italy’s Fiat SpA in June 2009. Get the full story »
A 2011 Jeep Grand Cherokee at the Jefferson North Assembly in Detroit. (AP Photo/Carlos Osorio)
Chrysler cut its losses in half between the second and third quarters as a new version of the Jeep Grand Cherokee notched strong sales.
The automaker raised its full-year profit forecast, its confidence boosted by the arrival of nearly a dozen new or revamped vehicles in the next few months.
Three new models crucial to U.S. automakers received four-star ratings in U.S. government crash-safety tests that were toughened in response to concerns voiced by safety and consumer groups.
But the latest version of the Toyota Camry, the best-selling car in North America, earned an average three stars and was outperformed by virtually every other vehicle in a first analysis of fifty-five 2011 models conducted by the Transportation Department. Get the full story »
Safety regulators have opened a preliminary investigation of about 3 million older Jeep Grand Cherokees with fuel tanks that may present a fire risk in a crash, the regulators’ website showed Tuesday.
The investigation was opened Monday by the National Highway Traffic Safety Administration. The action is short of a recall, and a Chrysler spokesman said owners of the 1993-2004 model year vehicles should take no action at this time. Get the full story »
