1970 Chrysler Newport Base Hardtop 4-door 6.3l on 2040-cars
Dickinson, North Dakota, United States
In an era when muscle cars dominated sales, advertising and speed records, this was Chrysler's full-size powerhouse. Chrysler focused on the full-size luxury market, beginning with its bread-and-butter nameplate, the Newport. Completely redesigned, the Newport was one of the few automotive lines that ushered in the 1969 model year with fresh styling. Clean lines, affordable pricing and longer, wider bodies for increased comfort--capped off by a trio of big-block V-8 engines--resulted in 111,499 Newports sold in the first year, effectively assisting in keeping the Chrysler marque ahead of Cadillac and Lincoln in sales. Despite having been redesigned for the 1969 model year, each Newport continued to use the basic 124-inch wheelbase unit-body from previous model years.Over 40 years later, these family-man leviathans are still overshadowed by their powerful mid-size cousins. That's good news for those looking to enter the hobby on a tight budget, because the entry fee for Mopar power seems like a bargain when you stop to consider that the Newport could contain the same engine as a desirable GTX or Road Runner, available today at a fraction of the price of one of those highly sought models. Here are a few facts to consider before embarking on a search for a Newport of your own.ENGINES The standard engine for Chrysler's entry-level luxury car was a 383-cu.in. V-8 that produced 290hp and 380-lbs.ft. of torque with a 9.2:1 compression ratio and a two-barrel carburetor. Other visual cues when identifying this engine today include a single-outlet exhaust system and a single-snorkel air cleaner assembly. For 1970, compression was reduced to 8.7, although factory power ratings remained unchanged. This car was manufactured in the month of September year 1969. TRANSMISSIONS REAR AXLE This is a great car and will give someone years of road cruising pleasure. Overall the car is in good condition, the floor pans are all solid as well as the door jams and the overall body of the car. Light rust is all that is visible and the car is sound and solid.
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Not surprisingly, the issue with the Chrysler IPO is the same as it's always been - a disagreement between parent company Fiat, which owns 58.5 percent of the Chrysler Group and a UAW healthcare trust, which owns 41.5 percent. Fiat wants to buy out the UAW VEBA healthcare trust, which is responsible for shouldering retiree healthcare costs, but the two sides are hung up on an actual price tag for the remaining two-fifths of the company.
The original idea saw an IPO as a way of setting a fair market price for the remaining shares, although it's not entirely clear what broke down and led to a delay of the IPO plan. As Forbes points out, by waiting until 2014, Chrysler could be risking a cool-off in the IPO market, which could mean less money in its pocket when the automaker finally goes public.
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