Chrysler

Fire risk forces Chrysler to recall 87,000 Jeep Wranglers

Fire risk forces Chrysler to recall 87,000 Jeep Wranglers

A risk of fire Jeep Wrangler has forced auto giant Chrysler to recall as many as 87,000 units of the SUV in the U. S., Canada and some other parts of the world.

According to the National Highway Traffic Safety Administration (NHTSA), the recall has affected the 2010 models of the Jeep Wranglers that feature automatic transmissions and were manufactured before 14th of July 2010.

The auto giant admitted that the skid plate on the affected models of the SUV is very close to the catalytic converter and can collect debris and could eventually lead to fire.

Chrysler’s Dodge Dart to roll off assembly line soon

Chrysler’s Dodge Dart to roll off assembly line soon

Automaker Chrysler Group's Dodge Dart is surmounting problems and will soon start rolling off the assembly line.

George Welitschinsky, the president of United Auto Workers Local in Belvidere, Illinois, said that finished Darts would start rolling off the assembly line on 3rd of May.

In a recent phone interview, Welitschinsky said, "We're working with our suppliers. Very shortly, that's not going to be an issue. We're rolling, we're putting it out, and we're moving forward.

Chrysler has big investment plans for its Indiana plants

Chrysler has big investment plans for its Indiana plants

On Wednesday, Chrysler Group LLC said that it is going to make big investments in its two plants. The money, it said, will be to the tune of $300 million and shall be used in building more efficient eight-speed automatic transmission units.

This is being done so that the automaker is able to meet the demand for a fuel efficient economy.

It said that with all the money, it will make improvements in the casting and transmission plant of Kokomo and Indiana. For the same, it has entered into an agreement with a Germany-based company, ZF Group.

After Exiting Bankruptcy, Chrysler Reported a Loss of $4 Billion

Sergio Marchionne

In 2009, Chrysler Group LLC lost nearly $4 billion after moving out of liquidation, but the firm reported a first-quarter working revenue and raised its cash funds. This strengthened Chief Executive, Sergio Marchionne's statement that the auto manufacturer would break even by the end of the year.

During the first quarter, the auto manufacturer lost $197 million and $3.78 billion for the period covering June 10 through Dec. 31 after the firm had exited bankruptcy.

TCS Signs Multi-Year Pact With Chrysler

India’s largest software exporter Tata Consultancy Services (TCS) has signed up a multi-year agreement worth $120 million with US automaker Chrysler to offer up a complete range of IT services.

Under the deal, TCS will deliver application, maintenance and support services to Chrysler. The IT services initiative will cover a part of the functional areas within Chrysler including sales and marketing and shared services.