Chrysler Group Repays US and Canadian Government Loans in Full

The Chrysler Group announced the repay of U.S. and Canadian government loans totaling $7.6 billion (€5.39 billion), more than six years ahead of schedule. More specifically, the Detroit automaker made a payment of $5.9 billion to the U.S. Treasury (UST) and $1.7 billion to Export Development Canada (EDC) to retire the loans granted in June 2009. EDC is the holding company through which the Canadian federal and Ontario provincial governments provided loans to Chrysler Group. Read more »

2011 Jeep Grand Cherokee Overland Road Test & Review

2011 Jeep Grand Cherokee Overland Road Test & Review
it's only years after the big divorce that the Jeep brand finally benefits from the DaimlerChrysler marriage. An all-new Jeep Grand Cherokee debuts for 2011, and it now shares its underpinnings with the Mercedes-Benz M-class SUV.

Better late than never, we suppose.
he next generation of Jeep Grand Cherokee is built on the same rear-wheel drive unibody platform is based on the new Mercedes-Benz ML. And ‘one of the few things that left her ill-fated Chrysler “merger of equals” with German car manufacturer.

Chrysler Reports Net Profits for the First Time Since Emerging from Bankruptcy

On Monday, the Chrysler Group LLC reported its first quarter gains since exiting bankruptcy almost two years ago in June 2009. The Auburn Hills-based automaker, which is now operated by Fiat S.p.A., said net income totaled $116 million in the first quarter of 2011 compared to a net loss of $197 million in the same period last year.

At the same time, the company’s revenues grew 35 percent from $9.7 billion in Q1 2010 to $13.1 billion in Q1 2011. In addition, the automaker said it had $9.9 billion in cash reserves at the end of the first quarter compares to 2.5 billion in December 31, 2010.

Read more »

Chrysler Group to Repay $7.5 Billion of Government Loans by the End of June

In order to pave the way for Fiat to reach 51 percent ownership of the Chrysler Group, the Auburn Hills-based automaker announced today that it intends to repay in full the loans provided by the U.S. and Canadian governments back in 2009 ($7.53 billion in total).

The Chrysler Group said it plans to complete the repayment during the second quarter of 2011 (ending in June). The company will use money from a new term loan facility plus a new issue of debt securities that will be sold to institutional investors in a private offering along with proceeds from Fiat’s recent cash infusion to increase its stake in Chrysler.

Read more »

Jeep Betting on Three New SUVs to Boost European Sales Five-Times by 2014

Jeep has disclosed plans to increase European sales from 25,000 units this year to 125,000 units by 2014. Europe will play a key role in Chrysler CEO Sergio Marchionne’s plans to double the brand’s global sales from 420,000 units last year to 800,000 units in 2014.

"Our plans for Europe are ambitious but doable. Europe for Jeep is an incredibly important market. We have been here for 30 years and half of our international sales historically were in Europe," Jeep CEO Mike Manley told Autonews Europe.

Read more »

2009 Jeep Commander Interior cars specification and prices

2009 Jeep Commander Interior cars specification and prices
2011 Upcoming Audi Cars features: http://car-wheelx.blogspot.com/2011/04/2011-audi-r8-spyder-2011-review-and.html

2011 jeep grand cherokee accessories specification

2011 jeep grand cherokee accessories specification
Jeep SRT8 to hold 0.92g on the skid-pad. A road test of the 2006 model by Road & Track magazine yielded a 0 to 60 mph time of 4.6 seconds and a quarter mile dragstrip of 13.2 seconds at 104.1 miles per hour (167.5 km/h).

Such numbers made the SRT-8 Grand Cherokee the fastest accelerating vehicle within the SRT8 lineup (which at the time included the Chrysler 300C, Dodge Charger, Dodge Challenger
2011 upcoming Ford cars News: http://wheelx.blogspot.com/search/label/Ford%20Cars

2011 jeep navigation wallpapers and specification prices

2011 jeep navigation wallpapers and specification prices
Jeep is celebrating 65 years of go anywhere, do anything capability with a 65 day sale, offering free GPS navigation across its range and special pricing on selected Wrangler, Cherokee and Grand Cherokee models.

Hot on the heals of the arrival of the all-new seven-seat Commander, joining the Wrangler, Cherokee and Grand Cherokee in the range – all new Jeep vehicles sold during the 65 day sale will receive a free navigation system.
2011 upcoming Volkswagen cars News: http://wheelx.blogspot.com/search/label/Volkswagen%20cars

2011 jeep mountain wallpapers and specification prices

2011 jeep mountain wallpapers and specification prices
2011 Jeep Wrangler Call of Duty: Black Ops Edition It is called the 2011 Jeep Wrangler Call of Duty: Black Ops Edition, and this (almost) all-black Jeep ... the appearance features found on the Wrangler's Mountain Edition.

What does it mean to be Rocky Mountain certified? Well for the new 2010 Jeep Wrangler X it means the difference between getting stuck in the mud and making your own roads. Still not convinced though. I guess it means that the new Jeep is certified to take whatever the great Rocky Mountains can dish out at it.
2011 upcoming Volkswagen cars News: http://wheelx.blogspot.com/search/label/Volkswagen%20cars

2011 jeep grand cherokee overland review and specification prices

2011 jeep grand cherokee overland review and specification prices
Jeep Grand Cherokee SRT-8 (Street and Racing Technology V8) version of the Grand Cherokee debuted at the 2005 New York International Auto Show.

Powered by a 420 hp (313 kW) version of the 6.1 L Hemi, it also features upgraded Brembo brakes, large dual performance exhaust with polished tips (exiting out the middle of the rear),

Bilstein performance gas charged shocks and modified suspension components, Mercedes-Benz NAG1 (WA580) 5-speed transmission, unique NV146 transfer case
2011 upcoming Cadillac cars News: http://wheelx.blogspot.com/search/label/Cadillac%20Cars%20news

New Footage of Jeep’s Build-it-Yourself Wrangler JK8 Independence Pickup Truck

Earlier this month, the Chrysler Group’s Mopar division unveiled a new do-it-yourself pickup conversion kit for the latest generation of the Wrangler modeled after the 1980’s Scrambler CJ-8. Called the JK-8 Independence, the kit allows the transformation of a four-door 2007-2011 Wrangler Unlimited into a two-door, two-seater pickup truck with a 50-inch long cargo bed.

Now, the Detroit automaker has released new running footage of the JK-8 Independence pickup conversion shot at the Easter Jeep Safari in Moab, Utah, as well as a walkaround clip with Steve Hautman, a Mopar Performance Offroad Team engineer, providing us a brief explanation on the build. You can watch both clips right after the break.

Read more »

2011 Jeep Wrangler Unlimited Rubicon Performance and Features with wallpapers

2011 Jeep Wrangler Unlimited Rubicon Performance and Features with wallpapers
Upcoming 2012 dodge Car News: http://car-wheelx.blogspot.com/search/label/dodge%20cars