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Chrysler investing $20M in Toledo plant to support 9-speed auto production

In 2011, Chrysler announced a $72-million investment in its Toledo Machining Plant to modernize production of the eight- and nine-speed torque-converters for automatic transmissions made there. That upgrade work won't be finished until Q3 of this year, but Chrysler has already announced a further $19.6-million investment to increase production capacity for the nine-speeders.
The extra units will be necessary because the nine-speed transmission they'll be mated to is going into three popular models: it will debut on the 2014 Jeep Cherokee, then go into the Chrysler 200 and Dodge Dart. The company predicted that this year alone it would sell 200,000 units equipped with the nine-speed tranny, and it is spending some $374 million in addition to the investment in Toledo to upgrade production capacity for it.
The work attached to this new investment won't begin until Q3 of 2014, and it will be finished by the end of that year. There's a press release below with all the details.

2014 Chrysler 300S gets all black and blue

Outside of the SRT variant, if you want the sharpest-looking Chrysler 300, you'll probably want the 300S trim. This showy variant has traditionally sported larger wheels and some subtle body changes to set it apart from the herd, along with its own unique take on the big sedan's interior.
For 2014, the S will be set apart even further. A number of exterior items will be blacked-out, including black chrome around the grille and Chrysler badges finished in a liquid-chrome finish with a black center. Black moldings are standard, while owners can get an extra dose of style by opting to have the roof painted Gloss Black. Hyper Black 20-inch wheels are standard on the rear-drive model, while 19s are fitted to the all-wheel-drive variant. Smoked tail and headlights round out the package.
The cabin, meanwhile, gets a new trim option - Ambassador Blue. The pale, blue Nappa leather features contrasting, silver French stitching found on the seats and the door armrests.

Ferrari stock sale pegged for October, or later

The Ferrari IPO is still coming, but it won't be before Columbus Day (Monday, October 12, that is), according to Fiat Chrysler Automobiles CEO Sergio Marchionne. The outspoken exec is blaming tax reasons for the fourth-quarter date, according to a report from Reuters. Marchionne said a full year needed to pass between FCA's October 13, 2014 Wall Street debut and any additional listing. This isn't the first delay in the Ferrari IPO. FCA was originally supposed to make a 10-percent offering of Ferrari during second or third quarter of 2015, before officially pushing things back to the third quarter of this year. Now, it's unclear if Ferrari will even go public before the dawn of 2016. Related Video: News Source: ReutersImage Credit: Marco Vasini / AP Earnings/Financials Government/Legal Chrysler Ferrari Fiat Sergio Marchionne FCA fiat chrysler automobiles