The Chrysler Group plans to sell about $7 billion worth of new debt to repay loans it received from the American and Canadian governments as part of its reorganization, people briefed on the matter told DealBook on Friday.
By repaying the government loans, Chrysler will take a major step toward eventually holding an initial public offering, now expected either late this year or sometime next year.
Continue reading Chrysler Plans $7 Billion Debt Offering
The Ford Ranger Wildtrak is just the type of smaller pickup that truck-loving Americans would go crazy for. Why, then, would it be introduced here rather than somewhere perhaps more market-appropriate, like during the Detroit auto show in January or the Chicago auto show last month?
Because Ford says the new Ranger will not be sold in America, even though it will be sold in 180 other markets worldwide. Again, why?
Continue reading Ford Ranger Wildtrak: Built Ford Tough, but Not Tough Enough for U.S.
The Dodge brand is bringing two of its most popular muscle cars to auto enthusiasts and Dodge fans across the country as the brand kicks off a multi-state tour with the new 2011 Dodge Charger R/T and the new 2011 Dodge Challenger SRT8® 392. These two new Dodge vehicles will make stops at more than 25 enthusiast clubs, tuner shops, Dodge dealers and automotive events across the country.
“The Dodge Charger and the Dodge Challenger are true American icons that have earned their place in automotive history and their legacy continues with the introduction of the all-new models for 2011,” said Ralph Gilles, President and CEO – Dodge Brand, Chrysler Group LLC. “The Dodge Brand DNA is deeply rooted within automotive enthusiast clubs and local car shows where people gather to talk about cars, power and performance – and, nothing else. To bring the new 2011 Dodge Charger and Challenger 392 to these types of events is inherent to the brand’s history.”
Continue reading The Dodge Brand Hits the Road With the New 2011 Dodge Charger R/T and Dodge Challenger SRT8® 392