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It looks like the Hemi engine, an icon for the Chrysler Corporation, won't be included in forthcoming applications due to changing fuel economy standards. Rising gas prices have already hurt sales of vehicles featuring these engines, causing Chrysler to cut back production. Now co-president Jim Press has declared, "The Hemi is not the powertrain of the future." Similar to the direction taken by GM, Chrysler is banking on newly developed V6 powerplants to take the reigns from current V8 options. These Phoenix engines are scheduled to hit production in 2009.
Chrysler is privately owned and was sold off by Dodge ( Diamler? ).
They are basically 2 seperate companies now.
Curious, everything I have read states Daimler sold Chrysler Group/Holding to Cerberus Capital Management of New York, which included Dodge & Jeep. Now Daimler still holds a 19 or 20 % share.
I have never heard only Chrysler was sold, but Daimler kept Jeep/Dodge? Do you have a source? Otherwise I'd have to say Dodge & Jeep will be doing away with the HEMI too.
Curious, everything I have read states Daimler sold Chrysler Group/Holding to Cerberus Capital Management of New York, which included Dodge & Jeep. Now Daimler still holds a 19 or 20 % share.
I have never heard only Chrysler was sold, but Daimler kept Jeep/Dodge? Do you have a source? Otherwise I'd have to say Dodge & Jeep will be doing away with the HEMI too.
It's now called the Chrysler Corporation.
Private investment group Cerberus bought 83% of the Chrysler Division of Daimler/Chrysler (which includes Dodge, Freightliner, Sterling Trucks....and the REAL prize = Jeep).
Daimler-Benz AG retains 17%.
Last edited by NumberDummy; Jan 22, 2008 at 01:55 PM.
Private investment group Cerberus bought 83% of the Chrysler Division of Daimler/Chrysler (which includes Dodge, Freightliner, Sterling Trucks....and the REAL prize = Jeep).
Daimler retains 17%.
That's what I thought, just didn't understand the point that SMIGGS was trying to get across.
At least you have vailidated my thoughts, since I was confused there for a moment. Thanks!
So far...Cerberus has cancelled the Dodge Magnum, PT Cruiser and the Chrysler Crossfire.
Next to go (say Detroit insiders) Chrysler Aspen, Jeep Commander.
More cuts are coming after these two are gone.
The Hemi, despite rumors of cancellation, will be around at least two more years.
I could see the Magnum & Crossfire going, very rarely see them. But the PT is all over here, but I never liked them.
Aspen, I've seen a couple but many more Durangos and the Commander has some nice style, but like the Crossfire, Magnum and Aspen, I just don't see enough of them.
What about Jeeps new Compass and the other tiny SUV they recently released? I've barely seen any of them. Usually the Liberty, Cherokee and Wrangler.
Private investment group Cerberus bought 83% of the Chrysler Division of Daimler/Chrysler (which includes Dodge, Freightliner, Sterling Trucks....and the REAL prize = Jeep).
Daimler-Benz AG retains 17%.
My bad, you are right there Bill.
Sorry for the confusion V8 and RedStar!
On a side note, did you know Ford owns Cummins....
I could see the Magnum & Crossfire going, very rarely see them. But the PT is all over here, but I never liked them.
Aspen, I've seen a couple but many more Durangos and the Commander has some nice style, but like the Crossfire, Magnum and Aspen, I just don't see enough of them.
What about Jeeps new Compass and the other tiny SUV they recently released? I've barely seen any of them. Usually the Liberty, Cherokee and Wrangler.
Rezvani's Latest Post-Apocalyptic Monster Is a Ford F-150 Raptor Underneath
Slideshow: Called the Fortress, the 850-horsepower pickup combines Raptor underpinnings with military-inspired features, survival equipment, and a starting price of $285,000.