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Chrysler in crisis

By Liz Turner, in the US Motor Industry 02 March 2007 04:28 The trouble with Chrysler: the background In 1996 when Chrysler opened its $1.1bn headquarters in Auburn Hills, 30 miles north of Detroit, executives joked that if things didn’t work out, they could always sell it as a shopping mall. Following DaimlerChrysler’s annual press conference on 14 February, local realtors are, no doubt, sneaking in to take measurements. Chrysler Group announced a staggering operating loss of $1.5 billion for 2006, and in the subsequent question time, DaimlerChrysler’s CEO Dieter Zetsche said the company ‘will examine far-reaching strategic options with partners’.

Report: New-vehicle purchase price on the rise

The average purchase price of a new car is on the rise, according to a recent report from automotive analysts at truecar.com. The average transaction price for passenger cars and trucks in the United States was $31,087 last month, up $339 from March 2012. Transaction price, or the out-the-door price, includes taxes, titles and fees.

Geneva Show 2014: Adam gets hot

VAUXHALL’S stylish baby car has appeared in a more performance-oriented form at the Geneva Motor Show. The Adam S uses the familiar 1.4-litre engine already seen in the standard Adam but here it comes in turbocharged form to release 148bhp and 162lb.ft of torque, significantly more than the current most powerful Adam model. As with other sporty Vauxhall models the Adam S has chassis upgrades including bigger wheels and tyres, stiffened and lowered suspension and high specification brakes.