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Chrysler says it needs another $2 billion in aid
Tue, 17 Feb 2009In submitting its viability plan to the federal government on Tuesday, Chrysler asked for an additional $2 billion beyond the $7 billion in loans it sought late last year and outlined further steps to cut costs. Chrysler said it will reduce fixed costs by an additional $700 million, cut 100,000 more units of production capacity, discontinue three more model lines and sell $300 million more in assets.
Infiniti at the Paris motor show 2008
Thu, 02 Oct 2008By Ben Pulman Motor Shows 02 October 2008 09:35 Infiniti kicked off its Mondial de l'Automobile on the eve of the show by opening its Parisian dealership, the brand's first showroom in Western Europe. Sales started in Russia in 2006, but this was our first taste of how Nissan is going to scale Fortress Premium. On the Avenue de Versailles, in an understated (and perhaps – whisper it – sterile bland) showroom and slap-bang next to a BMW dealer, executive vice president of Nissan Carlos Tavares outlined Infiniti’s ambitious expansion plans and confirmed new models for Europe. The range starts with the G37, which comes as a 3-series rival in saloon and coupe form, and our first drive of the latter confirmed it as a credible BMW rival.
2014 Jeep Liberty prototype caught in spy photos
Wed, 06 Jun 2012The vehicle in these photos might resemble an Alfa Romeo Giulietta from some angles, but the raised ride height, chunky all-terrain tires and slotted grille hiding behind the camouflage suggest a prototype of the 2014 Jeep Liberty. Code-named UJ, the new Jeep Liberty will be built at Chrysler's Toledo, Ohio, assembly plant. A new 3.2-liter V6 will power the Liberty, which will come with a nine-speed automatic transmission.