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Ashton, Illinois, US
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Chrysler future products: Only one minivan, no Jeep Compass
Tue, 29 May 2012In 2014, Chrysler Group will drop the Jeep Compass and replace the Chrysler Town & Country minivan with a crossover, Fiat-Chrysler CEO Sergio Marchionne has revealed. The changes are part of a long-term effort by Marchionne to give each Chrysler Group brand a more distinct identity and eliminate product overlaps. Brand identity is crucial for Chrysler because more than 90 percent of its dealerships now sell all four volume brands: Chrysler, Dodge, Jeep and Ram.
Gibbs Sports Amphibians launches the Quadski
Tue, 16 Oct 2012Gibbs Sports Amphibians has unveiled the Quadski, an amphibious all-terrain vehicle that, according to company founder Alan Gibbs, obliterates the distinction between land and water transportation. The 1,300-pound, 10.5-foot-long Quadski looks a bit like a jet-powered personal watercraft sitting on top of a single-seat ATV, but it's what's underneath the vehicle's molded composite body that separates the high-speed Quadski from larger, slower amphibious predecessors. The Quadski draws power from a BMW K 1300 Motorrad motorcycle engine capable of producing 175 hp.
Ford posts $2.1 billion profit on rising sales, lifts production plan
Tue, 27 Apr 2010Ford Motor Co. posted net income of $2.1 billion in the first quarter, almost twice the figure projected by analysts, fueled by a 37 percent rise in U.S. sales.