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Chrysler first-quarter profits down
Mon, 29 Apr 2013Chrysler Group said net income fell to $166 million in the first quarter as costs of two large product launches crimped the automaker's seventh consecutive quarterly profit. Profit fell 65 percent from the $473 million posted during the same quarter of 2012, Chrysler said in a statement today. First-quarter revenues dropped 6 percent to $15.4 billion.
Ram truck gets new V6, eight-speed transmission
Thu, 08 Mar 2012The Ram pickup scheduled to be introduced in April will offer both the Pentastar 3.6-liter V6 and an eight-speed transmission, according to a Chrysler Group filing with the Securities and Exchange Commission. The voluntary annual filing--which appeared Tuesday on the automaker's corporate Web site, chryslergroupllc.com--laid out many new features of the upcoming version of the automaker's top-selling vehicle. The new eight-speed transmission "reduces fuel consumption by up to 12 percent over our current five-speed transmissions," such as the one now in the Ram, the filing said.
Stratospheric price for Volkswagen's 'future car'
Mon, 30 Jun 2014IF YOU want tomorrow's car today, you're going to have to pay for it. Volkswagen has announced that the ultra-futuristic XL1 will sell in the UK for more than £98,000. The first XL1 was delivered to a German customer in May, with UK buyers now lined up to take a share of the 200 that are due to be built.