1984 Lebaron Convertible on 2040-cars

Auto blog

Junkyard Gem: 1993 Plymouth Voyager SE AWD

Under Lee Iacocca's leadership, Chrysler printed bales of money by designing a small, front-wheel-drive van based on the versatile K platform. Chrysler didn't invent the minivan, of course, but those first 1984 Dodge Caravans and Plymouth Voyagers instantly put small vans square in the middle of the American vehicle mainstream (and began the long downward spiral of the station wagon here). For the 1991 model year, the second generation of Chrysler minivans hit our roads, and they were bigger, better-appointed and available with all-wheel-drive. Here's one of those early second-gen vans, found in a Denver-area boneyard a few months back. The 1984 Voyager was a genuine minivan, scaling in at a mere 2,984 pounds (about the same as the current Toyota Corolla). The wheelbases of the second-generation Voyager and Grand Voyager grew just a fraction of an inch longer, but the vans themselves got longer and heavier anyway. The curb weight of today's Junkyard Gem was 4,008 pounds. By 1993, minivans were under sales assault by a new crop of SUVs, particularly the Ford Explorer (which debuted for the 1991 model year) and Chrysler's own Jeep Grand Cherokee (which first appeared as a 1993 model). Chrysler's XJ Cherokee had been siphoning away minivan sales since Day One, having first hit Jeep showrooms at the same time as the first Voyagers and Caravans went on sale. Still, the 1993 Caravan/Grand Caravan, Voyager/Grand Voyager and Town & Country obliterated those trucks when it came to usable interior space, safety, ride comfort and fuel economy. Plymouth used the Voyager name on rebadged Dodge Sportsman full-size vans from the 1974 through 1983 model years, during which time Chrysler attempted to sell their big fuel-swilling passenger vans as sensible station wagons. The Grand Voyager had a wheelbase stretch of just over seven inches versus that of the regular Voyager; the SE was the lower of the two trim levels available for the AWD-equipped version in 1993. In 1993, base-grade front-wheel-drive Voyagers had 2.5-liter Chrysler four-cylinder engines as standard equipment, while front-wheel-drive Grand Voyagers got Mitsubishi 6G72 V6 engines. If you bought a new all-wheel-drive Grand Voyager that year, your van had this Chrysler 3.3-liter pushrod V6, rated at 150 horsepower and 180 pound-feet. Sadly, Chrysler stopped installing turbocharged 2.2 engines in their minivans after 1990.

Fiat Chrysler cuts 2018 outlook, shares tumble on weaker quarterly profit

MILAN — The news of former Fiat Chrysler chief executive Sergio Marchionne's death arrived Wednesday moments before the group reported a surprisingly heavy drop in profit. The death of one of the auto industry's most tenacious and respected CEOs overshadowed a big selloff in Fiat Chrysler shares. FCA's scheduled second-quarter earnings presentation, led by Marchionne's successor and former lieutenant Mike Manley, began on Wednesday afternoon with a moment of silence. As eulogies flooded in, FCA shares fell as much as 10 percent as investors digested an unexpected 35 percent fall in net profit, well below market forecasts. Marchionne rescued Fiat and Chrysler from bankruptcy after taking the wheel of the Italian carmaker in 2004 and he multiplied Fiat's value 11 times through 14 years of canny dealmaking. He was due to step down at FCA in April next year. "The best way to honor his memory is to build on the legacy he left us, continuing to develop the human values of responsibility and openness of which he was the most ardent champion," Chairman John Elkann added. On Saturday, FCA named Jeep division head Mike Manley, 54, as head of the world's seventh-largest carmaker, saying the Briton would execute a strategy that Marchionne had outlined in June. FCA has said Manley will work to ensure a "strong and independent" future for the group. Underlining the task facing Manley, FCA cut its full-year earnings outlook after the weaker-than-expected quarterly earnings. Having to deliver the bad news four days into his new job, Manley blamed the result on a weaker performance in China, a market that represents one of new CEO's immediate headaches. "The biggest challenges we face and frankly we're going to continue to face ... are all focused in China," Manley said. FCA has yet to make any significant inroads in China. In Marchionne's June plan, FCA pledged to boost production of sport utility vehicles and invest in electric and hybrid cars to double operating profit by 2022. It unveiled bold targets for Jeep, FCA's profit engine. FCA said adjusted earnings before interest and tax (EBIT) for the April-June period fell 11 percent to 1.7 billion euros ($1.99 billion), compared with 2 billion euros in a Reuters poll of analysts. Chinese demand slumped in the quarter ahead of a July cut in import duties, resulting in higher incentive spending and an increase in unsold vehicle stocks that "particularly affected Maserati," Manley said.

For thousands of US auto workers, the downturn is already here

LORDSTOWN, Ohio - Wall Street is fretting that the auto industry is heading for a downturn, but for thousands of workers at General Motors factories in the United States, the hard times are already here. Matt Streb, 36, was one of 1,200 workers laid off on Jan. 20 - inauguration day for President Donald Trump - when GM canceled the third shift at its Lordstown small-car factory here. Sales of the Chevrolet Cruze sedan, the only vehicle the plant makes, have nosedived as consumers switch to SUVs and pickup trucks. Streb is looking for another job, but employers are wary because they assume he will quit whenever GM calls him back. "I get it," said Streb, who has a degree in communications, "but it's frustrating." Layoffs at Lordstown and other auto plants point to a broader challenge for the economy in Midwestern manufacturing states and for the Trump administration. "This is about economics, not what Trump says. Even if Trump went out and bought 10,000 Cruzes a month, he wouldn't get the third shift back here." The auto industry's boom from 2010 through last year was a major driver for manufacturing job creation. The fading of that boom threatens prospects for US industrial output and job creation that were central to Trump's victory in Ohio and other manufacturing states. "This is about economics, not what Trump says," said Robert Morales, president of United Auto Workers (UAW) union Local 1714, which represents workers at GM's stamping plant at Lordstown. "Even if Trump went out and bought 10,000 Cruzes a month, he wouldn't get the third shift back here." Last week the Federal Reserve said factory output fell 0.4 percent in May, the second decline in three months, due partly to a 2 percent drop in motor vehicles and parts production. Mark Muro, a senior fellow at the Brookings Institution, has compiled data from government sources that show the auto industry punching higher than its weight in job creation in recent years - accounting for between 60 percent and 80 percent of all US manufacturing jobs added in 2015 and 2016. In the first quarter of this year, the auto industry accounted for less than 2 percent of the 45,000 manufacturing jobs created. "There's no argument with the idea that auto has been pulling the manufacturing sled up the mountain for the last three or four years," Muro said.