1997 Chrysler Sebring Jxi Convertible Gt Conversion Kit 2-door 2.5l on 2040-cars

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Fiat buying rest of Chrysler in $4.35 billion deal, IPO avoided

Chrysler will now become a wholly owned member of the Fiat family, as it's been announced that the 41.46-percent stake in the Auburn Hills, MI-based manufacturer owned by the United Auto Workers' VEBA trust fund will be sold to the Italian company. Concluding the agreement will mark the closure of a piecemeal purchase process that could have resulted in an initial public offering.
The total cost of the sale will see the VEBA healthcare trust receive $4.35 billion, $3.65 billion of which will come from Fiat. $1.75 billion of that will be cash, while an additional $1.9 billion will be part of a "special distribution." An additional $700 million will be paid over four separate installments according to reports from Automotive News Europe and USA Today, although the shares will belong to Fiat following the first payment. The deal was reportedly initially struck on Sunday (though it is just being announced today), and is being portrayed as particularly good news for Fiat and Chrysler, which have now prevented the remaining shares going to the stock market in a UAW-forced IPO.
"The unified ownership structure will now allow us to fully execute our vision of creating a global automaker that is truly unique in terms of mix of experience, perspective and know-how, a solid and open organization that will ensure all employees a challenging and rewarding environment," Fiat CEO Sergio Marchionne said in a statement.

Next-gen Jeep Wrangler to pack 300-hp Hurricane turbo four

Fiat Chrysler has been working for some time now on a new turbocharged four-cylinder engine. Dubbed "Hurricane," the engine is now said to produce nearly 300 horsepower. And its first application could be in the next-generation Jeep Wrangler. With that much power coming from such a small engine, the Hurricane would offer an even higher level of specific output than the 1.75-liter engine in the Alfa Romeo 4C – one of FCA's highest-stressed engines – far eclipsing the 4C's 120 horsepower per liter with 150 hp/l. By way of comparison, the latest 2.0-liter, four-cylinder version of Ford's EcoBoost engine produces "only" 245 hp (122.5 hp/l). The 2.0-liter turbo four in the latest Mercedes-AMG CLA45 and GLA45, however, produces 375 hp. To get so much out of so little an engine, FCA will utilize a twin-scroll turbocharger and variable valve timing. That could make it ideally suited towards a compact performance model, but according to Automotive News, its first application could be in the new the Wrangler. The larger 3.6-liter Pentastar V6 produces 285 hp, nearly as much as the Hurricane will. But with a smaller engine, an eight-speed transmission, and aluminum construction, the new Jeep will likely benefit from dramatically-improved fuel consumption. Related Video:

Sell your own: 1969 Plymouth Barracuda

Looking to sell your car? We make it easy and free. Quickly create listings with up to six photos and reach millions of buyers. Log in and create your free listings. Always the "third" element in Detroit's Big Three, Chrysler and its Dodge, Plymouth and Chrysler divisions, usually played catchup to GM and Ford. However, Plymouth actually arrived to the ponycar segment on time, with its launch of the Valiant-based Barracuda almost on top of Ford's Mustang. That said, the segment became named for ponies, not an aggressive fish. By 1969, the Ford Mustang and Chevy Camaro were becoming bigger and more sophisticated. The Barracuda, by contrast, held on to its essential simplicity. We'd prefer the fastback and a small-block V8, but in the context of 2017 collectible-car values for Mopar, even a Slant Six coupe with unknown mileage might be worth checking out. From the supplied pics, this '69 Cuda looks to be in good condition; if it weren't, the asking price would likely be south of $10,000 – not north. Scarcity's not an issue, so this Barracuda would seem well-suited for the resto-mod treatment (above and beyond the aftermarket hood scoops), while keeping the post-purchase investment as minimal as the original outlay. Chrysler Used Car Buying Buying Guide Ownership Coupe Performance