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Chrysler CEO vows never to repeat mistakes from Cherokee launch
Thu, 31 Oct 2013Chrysler Group CEO Sergio Marchionne acknowledged mistakes in the way the company developed and launched the 2014 Jeep Cherokee, and vowed to never repeat them. "What we've learned is that we'll never repeat it. We're never going to take a plant down and be out of the market for over a year," Marchionne told analysts in a conference call today.
Jeep Grand Cherokee debuts Chrysler V6
Thu, 09 Apr 2009The 2011 Jeep Grand Cherokee will be the first Chrysler LLC vehicle to feature the company's new Pentastar V6 engine. The new engine greatly simplifies Chrysler's powertrain offerings and helps the company save money by improving economies of scale. The redesigned Grand Cherokee will appear in dealerships in spring 2010 as a 2011 model.
Congress scales back tax break for car buyers
Thu, 12 Feb 2009A proposed tax break for new-vehicle buyers is dramatically scaled back in the final version of the economic stimulus bill. Auto dealers and their allies had sought to make interest on auto loans and the sales and excise taxes on new-vehicle purchases deductible from federal taxes. Proponents say those measures are needed to boost showroom traffic and sales.