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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’.

Automotive X Prize teams begin performance testing in Michigan

The 28 teams competing in the Progressive Insurance Automotive X Prize will begin performance testing this week at Michigan International Speedway in Brooklyn, Mich. The teams are vying for $10 million in prizes, which will be awarded to consumer-friendly vehicles that exceed 100 mpg. This week begins the first of the three on-track performance testing stages: shakedown, knockout qualifying and finals.

£2m McLaren P1 GTR for Pebble Beach

McLaren McLaren will show its new P1 GTR – pictured here for the first time in an official teaser shot above – at the Pebble Beach Concours d’Elegance car show next month. The P1 GTR will feature a number of circuit-biased modifications – including a 1,000hp engine – and will cost £1.98 million. McLaren P1 GTR: track-focused modifications The GTR is based on McLaren’s P1 hybrid hypercar, itself designed not to be the fastest, but the most focused, involving and advanced driver’s car there is.