Chrysler has been in the market selling automobiles since the early 1900s. It produces vehicles with the most advanced technologies and classy designs. Chrysler’s ME Four Twelve is another such vehicle with the most advanced technology that aims at delivering a high power performance. The car comes with great exteriors and interiors. It is a complete sports car styled with wonderful and stunning features.

The car is a two-door coupe and is the lightest super car across the globe. It is very light as it is made of carbon fiber. This Chrysler sports car comes with a 6.0 L V-12 engine that delivers 852 horsepower at 5750 rpm. The vehicle’s average speed is 248 mph that surely is exciting enough. In a mere 6.2 seconds, the vehicle gives you a speed of 0-100 mph. The car comes with an excellent braking system as well that ensures your safety even if you have to suddenly apply the brakes. It has a 7 speed sequential automatic gearbox that keeps things safe for you while driving. It is easy to adjust to the shocks caused by the road by just using a push button. (more…)

Chrysler LLC has filed a lawsuit against Getrag, which is a German parts maker.

The lawsuit has been filed because of the fact that Getrag misrepresented its ability to secure financing in order to build a transmission plant in Tipton, Ind. It was worth $530 million.

Chrysler said in a statement late Wednesday that Getrag and Getrag Transmission Manufacturing LLC failed to use good faith efforts to obtain financing for the joint venture. (more…)

Chrysler LLC is in talks with the German axle maker ZF Friedrichshafen AG to operate the automaker’s new axle plant in Marysville, Michigan. The plant is under construction now and it is expected to be operational in 2010.

According to sources, the $700 million Marysville axle plant would replace Chrysler’s Detroit Axle and would probably use a modified Mercedes axle-making technology, which will generate less internal friction, improving fuel economy. The new plant is part of the $3 billion investment, that Chrysler announced in April 2007 to produce more fuel-efficient V6 engines and other related components. (more…)

Chrysler LLC announced yesterday that, it is “exploring strategic options for the Dodge Viper business,” which could also include the sale of the brand in near future.

Bob Nardelli, Chrysler’s Chairman and CEO, said that the company has “been approached by third parties who are interested in exploring future possibilities for Viper.”

According to the company, “This strategic review comes as the Company focuses on enhancing its core business and leveraging its assets.” (more…)

Trevor Creed, the Senior Vice President- Design at Chrysler LLC, is retiring from the Auburn Hills, Michigan-based automaker on August 31, 2008, the company announced on Monday.

Creed, 63,  joined Chrysler LLC in 1985 as Director- Interior Design, after leaving Ford Motor Co. and he has designed some of the Chrysler’s most memorable concept and production cars. (more…)

At the Management Briefing Seminars on Friday, Chrysler LLC’s purchasing chief John Campi spoke about new approach to dealing with the automaker’s suppliers in order to maintain good relationships.

The purchasing chief also announced the automaker’s goal to cut its supply costs by 25 percent within three years with a new approach to launch a “supplier of choice” program in which Chrysler will have not more than ten suppliers. The suppliers will become partners of the automaker in the development for vehicles they supply. (more…)

Chrysler LLC plans to build the new Jeep Grand Cherokee in 2010, as said the company’s Vice chairman Tom LaSorda on Thursday. The new vehicle will get a unibody construction, variable valve timing and a fuel-efficient V6 engine.

The automaker also said that it will spend $1.8 billion in retooling the Jefferson North Assembly Plant in Detroit. The plant will produce the Jeep Grand Cherokee which will use Chrysler’s new Phoenix powertrains. 

LaSorda said, “This investment in our future products and at Jefferson North will enable the Company to produce a future generation of vehicles more efficiently, with world-class quality and an improved environmental footprint,” “Furthermore, this commitment reinforces the long-standing partnership between Chrysler LLC, the City of Detroit and the State of Michigan.” (more…)

In order to reduce travel and energy expense, Chrysler LLC is on negotiating terms with United Auto Workers Union, to put all the factory employees on four-working days with ten hour shifts from a five, eight hour days shift.

The manufacturing chief of the company, Frank Ewasyshyn said that this new curriculum would certainly affect most of its plants excluding those who are already involved in overtime, like Belvidere assembly in Illinois and Sterling Heights assembly in suburban Detroit. “The remaining plants likely would qualify,” Ewasyshyn confirmed the statement at the Management Briefing Seminars. (more…)

Just two weeks after Chrysler Financial annunciate that it was exiting the auto leasing business, company’s two top executives stepped down from their individual positions.
Paul Knauss, who was the financial president and CEO of the company and William Jones, who was the COO, both declared their retirement immediately after the announcement made by the company.

Thomas Gilman will take the place of Paul Knauss as the CEO and vice chairman of the company. He has earlier served as the Chief Financial Officer of the company and was most recently a senior advisor for Cerberus, which is the private equity owner of Chrysler. (more…)

Reports say that Chrysler LLC’s Vice President of Electrical/Electronics Engineering Core, William Mattingly will leave the company and will join one of the leading auto suppliers, Lear Corporation.

Mattingly will join the Lear Corp.’s electronics division under Ray Scott. Scott is the president of Lear’s electronics division.

Lear is one of the world’s largest suppliers of automotive interior systems and components. It provides complete seating systems, electronic products and electrical distribution systems. Lear’s world-class products are designed, engineered and manufactured by a specialized team of more than 90,000 efficient employees at 215 facilities in total 34 countries. (more…)