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The Goss Blog

Chrysler Group Repays Federal Loans

Chrysler Group LLC marked a major milestone, paying back $7.6 billion in loans to the U.S and Canadian governments, the Detroit News said.

This is such an amazing story about (Chrysler Group's) determination to survive, said a PBS Nightly Business Report anchor.

The New York Times said that with the loan repayments complete, Chrysler can focus on maintaining its slow but steady resurgence in the marketplace.

Including interest, Chrysler said it has…

Fiat Plots Controlling Chrysler Stake

Italian auto maker Fiat SpA is mulling a plan to quickly take a majority stake in Chrysler Group LLC by purchasing shares from the U.S. Treasury and a United Auto Workers health trust fund, people familiar with the matter said.

A purchase could come within the next few months, these people said, moving up the timetable for majority control. Fiat already owns a 46% stake and has been expected to gain an additional 5…


CEO says payoff removes 'taint' of federal involvement

Alisa Priddle and Christina Rogers/ The Detroit News

Now that its government loans are repaid, Chrysler Group LLC hopes consumers will measure it - and make it solidly profitable - by buying its cars and trucks.

As expected Tuesday, Auburn Hills-based Chrysler repaid $7.6 billion in outstanding loans, interest and fees. That wipes its slate clean with the U.S. and Canadian governments less than two years after…
Fortune notes that Detroit automakers are outperforming expectations this year, but none more so than Chrysler Group, which is staging a "Phoenix-like" recovery.

"Masterminding its revival has been CEO Sergio Marchionne, who has displayed an instinctive understanding of the American psyche as well as the Chrysler customer, making deft improvements in a struggling product line while displaying a knack for connecting with his audience," the story said.

Fortune listed 10 reasons to love Chrysler Group…



The workers who helped create and build the 2011 Dodge Charger should be congratulated because "they've created the best American sedan on the on market," said an Automobile Magazine editor.

Automobile's Phil Floraday also said the Charger's interior is "class leading."

"The Dodge Charger, to my eyes, looks exactly right," said Automobile Deputy Editor Joe DeMatio. "It's got American swagger, sure, but it's also got finesse, style, and elegance."

Assistant…


Seven-time and defending ACT Late Model Tour Champion Brian Hoar of Williston, VT claimed his second straight Spring Green and his second win of the 2011 season at Devil's Bowl Speedway on Sunday, May 21. Hoar won a hard fought battle with leader Craig Bushey and later John Donahue to lead the final 36 laps and earn the win. Hoar's win came in his first event in his new Ford powered ride out…



In as much as renaissance can apply to an automaker, Chrysler is amidst a modern day revival, Auto123.com said.

There may still be some doubters out there, but San Antonio Express News auto reviewer G. Chambers Williams counts himself among the believers after recent reviews of Chrysler Group vehicles. After driving the Chrysler 300, Chambers turned "from believer into a disciple," he said.

"Simply put, this car just blew me away," Chambers wrote.

Dealers…

Chrysler Launches New Ads For 300



A New York Times review of the Chrysler 300 proclaims that the all-new 2011 sedan is more competitive in terms of refinement, features and standard powertrain.

The Times review comes just as the Chrysler brand launches its national advertising campaign for the all-new Chrysler 300.

Autoblog.com reported that Chrysler's "Imported from Detroit" advertising campaign continues to march on, and a new face has joined the party. Detroit Lion Ndamukong Suh takes the 300…

Those of you who are familiar with Dodge know that the American automaker prides itself on creating supercharged vehicles with attitude. We love models like the Dodge Viper, Challenger, and Avenger that stand out as examples of Dodge's commitment to creating some seriously edgy rides. Now, with this year's Super Bee variant of the Dodge Charger, their tradition of supercharged vehicles continues, and we could not be more excited!

This year's Super Bee is likely to be made on Charger's SRT-8 chassis, featuring a 6.1L V8 engine. Other features will include "unique pastel colors" and spoilers and other bodywork.



The Dodge Charger is "loaded with attitude and innovation" and is "thoroughly competitive" according to recent reviews.

Automedia.com quoted Dodge CEO Ralph Gilles saying the Charger provides "iconic styling, benchmark performance, precision handling, the latest technology and high quality materials" and is "loaded with attitude and innovation."

A Consumer Reports blog said the first impressions are that the "transformed" Charger is now a "thoroughly competitive sedan," although the magazine has not finished testing yet…
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