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.

The interiors are very carefully and beautifully designed. Inside, the car is very spacious. The seats are very comfortable and are built of the finest leather. The steering wheel is also covered with leather. Its key features include dual zone climate control system, a glass roof and a classy audio system. This gives the car a very impressive look and attracts potential buyers all the more. The exteriors of the car are equally attractive. The headlights, the back lights, the view mirrors- they all add to the car’s looks and designs.

Chrysler ME Four Twelve is an outstanding vehicle that offers power-packed performances while accommodating stylish features. It took less than a year’s time to design this vehicle. Its ultra light design makes it the most sought after car. It makes the ride more smooth and easy. Chrysler offers tough competition to the great Bugatti Veyron, Ferrari and other similar sports cars.

It is the most desirable and ultimate super and adventure car. It is built with materials of top quality. It is completely reliable and dependable. Chrysler is a car with the most desirable features and provides complete fuel-efficiency. It leaves behind all the other cars in the similar segment. If you are looking for a perfect sports vehicle, then Chrysler ME Four Twelve surely is the perfect choice.

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.

The automaker added that it is seeking damages for "wrongful conduct" and a release from reimbursing Getrag’s costs related to the plant.

Randy Cyman, who is the human resources director for the Tipton facility, said Thursday that Getrag had no comment on the lawsuit. He said construction at the plant, which he described as "80 percent complete," was continuing.

Chrysler spokesman David Elshoff said the plant’s future was unknown. He added the reasons behind the lawsuit were unrelated to the recent tightening in the credit markets.

"This suit is a result of breach of contract and fraudulent misrepresentation," Elshoff said. "It is not related to today’s credit issues."

The plant is an integral part of what the automaker calls its "powertrain offensive." The plant was indulged in a $3 billion investment in order to launch new engines as well as fuel-efficient, dual-clutch transmission developed with the German parts maker, Getrag.

It was expected that the facility would employ 1,400 workers : 1,170 would be working at the plant and 230 would be working for other complimentary jobs in the nearby Kokomo.

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.

ZF is one of the world’s largest auto parts makers, that produce transmissions, steering systems, axles and chassis components. It supplies axle to the Mercedes SUV assembly plant in Vance, Alabama.

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.”

“As the Company evaluates strategic options to maximize core operations and leverage its assets, we have agreed to listen to these parties. We will do so keeping in mind the best interests of those who have shown tremendous support for the
vehicle- including employees, suppliers, dealers and a worldwide group of loyal Viper owners and enthusiasts,” said Nardelli.

“Viper is an integral part of this Company’s heritage. While this is a strategic review, our intent would be to offer strong operational and financial support during any potential transaction, in order to ensure a future for the Viper business and perpetuate the legacy of this great vehicle,” he added.

The Dodge Viper is a low-volume, V-10 powered sports car, that was introduced at Detroit Auto Show in 1989. The car was first produced in 1992 and Chrysler has made about 25,000 Vipers since then.

The 600-hp sports car is built at the Chrysler’s Conner Avenue assembly plant in Detroit, which employs about 110 workers. The plant makes about 11 Viper cars daily.

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.

“Trevor has led a distinguished automotive design career,” said Chrysler LLC Chairman and CEO Robert L. Nardelli. “He played a key leadership role in the design of award-winning vehicles such as the new Dodge Challenger, Chrysler 300C, Chrysler PT Cruiser, Dodge Viper, Dodge Ram and the Plymouth Prowler. We thank him for his contribution to the Company and wish him well in his retirement,” Nardelli added.

Ralph Gilles, 38, will replace Creed as the Vice President- Design. He will take over the reins of the automaker’s design operations on September 1. 

Gilles has been instrumental in a number of Chrysler’s most eye-catching designs in recent years, including the Chrysler 300, Dodge Charger, Magnum and Viper.

Along with this announcement, Chrysler has also named Andreas Schell the Vice President of Electrical/Electronics Engineering. Schell replaces Bill Mattingly, who left Chrysler in July.

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.

Campi however said that Chrysler has already named the Japan-based Denso Corp. as the first “supplier of choice.” According to Campi, as a partner, Denso will  participate fully in product development on the programs it supplies and also briefed  that because of the supplier’s global capabilities it won the designation.
 

Chrysler will have about ten suppliers in the select group and the automaker is likely to reveal the other suppliers’ names within next 30 days.

The automaker has about 300 important component suppliers out of about 800 that are basically North America-centric. And out of the 300 suppliers, 200 to 250 will remain long-term suppliers, including 100 new suppliers, said Campi.

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.”

The company said that the renovation program will include product development functions and new, state-of-the-art manufacturing systems in the plant. The total investment will go towards the design, development, components and supplier support associated with the new vehicle programs.

Frank Ewasyshyn, Chrysler LLC Executive Vice President of Manufacturing said, “We believe the Jefferson North makeover will give the facility and our Company the upper hand on how responsive we can be to shifts in consumers’ needs and changing market demands.” “We also believe this will be achieved while continuously improving the quality of our vehicles that will be produced in Detroit,” he added.

The Jefferson North assembly was opened  in 1991. It presently builds the Jeep Grand Cherokee for the North American market and the Jeep Commander.

The plant will complete its retooling by the end of 2009 and be operational in early 2010. The retooling will create roughly 400 jobs at the plant, said the company officials.

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.

Ewasyshyn further said the schedule is very analogous to what some of the other government bodies are adopting to reduce their energy and travel expense. They are also going for a four-day 10 hour schedule rather than implementing five eight-hour working days.

To approve the new schedule for the employees, Ewasyshyn said Chrysler is having talks with the international UAW and the locals who represent the affected plants. It reduces costs for workers and "reduces our operating costs," Ewasyshyn said.

Chrysler is further testing this new schedule in a parts distribution center in Atlanta.

Ewasyshyn said that he would not be able to elaborate on specific savings, but he said it was less than 10 million dollars annually

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.

Darryl Jackson will take the place of William Jones as the COO of the company and will also handle the sales and marketing department of the company as well. Jackson previously headed Chrysler’s U.S. Sales as he was the vice president of the company.

Knauss and Jones "have made significant contributions to Chrysler Financial’s success over the years," Gilman said in a statement.

"While it is difficult to lose two seasoned leaders, Chrysler Financial is on solid ground, and I appreciate their dedication and commitment to ensuring the company is well positioned for the future."

The company announced that it will merge the positions by naming Gilman executive vice chairman and CEO. It also said the decision will allow the organization to "focus on its core business."

The company decided to exit the leasing business because of declining residual values on leases.

Companies like General Motors and Ford Motor Co. have taken billion-dollar charges just because they run their leasing businesses. As Chrysler is a privately held company, it is not needed for the company to disclose its charges.

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.

The auto supplier generated $16 billion in global sales last year, out of which about 80 percent came from its seat products. Significantly, its electronics division has been growing very fast and its annual sales would reach $3 billion.

Mattingly joined Chrysler Corporation in May, 1983, as a summer intern student and in the following years, he has held a number of positions in Electrical Engineering, B-I-W Engineering and Resident Engineering. He was appointed vice president of Electrical/Electronics Engineering Core in on June 4, 2003. Mattingly is responsible for the design, development and release of core electrical/electronics components and systems