2004 Chrysler Sebring Touring on 2040-cars

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Chrysler purchases remaining shares from VEBA Trust, announces funding plan

It's official: The Detroit Three is now The Detroit Two and The Fiat Subsidiary, Chrysler. Both the Italian carmaker and The Pentastar announced the completion of cash payments and a Memorandum of Understanding (MOU) on future payments necessary to make the Chrysler Group a wholly-owned subsidiary of Fiat. As previously detailed, Chrysler made a cash payment of $1.9 billion and Fiat North America made a cash payment of $1.75 billion to the Voluntary Employment Benefit Association (VEBA) run by the United Auto Workers union.
On top of that, Chrysler Group signed an MOU that agrees to payments of $700 million to the VEBA in four installments, the first of which was made concurrently with the other cash payments. And for you trivia mavens, the full name of the UAW is the International Union, United Automobile, Aerospace and Agricultural Implement Workers of America. So go impress your loved ones with that nugget after you check out the press release below.

Move over Audi, now Chrysler has a beef with Tesla's claims

In the same week that Audi said "not so fast" to some claims from Tesla, Chrysler has responded to a new press release from the California-based EV-maker by saying "not exactly, Tesla." The statement, released through the company's blog, comes in response to Tesla claiming it was "the only American car company to have fully repaid the government." Chrysler notes that it, too, recently paid back Uncle Sam from its 2008 bailout. Similar to Audi's recent press release, which was eventually and mysteriously deleted from the German automaker's site, Chrysler is both right and wrong in its statement.
Tesla specifically said that it had paid back the Department of Energy loans that many automakers received - including Fisker and VPG Autos - while Chrysler's retort argues Tesla is "unmistakably incorrect" since it repaid the government in 2011 a full six years early. Technically, the statements from both automakers are correct, but Tesla's startup loan originated from the DoE, while Chrysler's loan came in bailout form from the Troubled Asset Relief Program (TARP). Further, as The Detroit News notes, Chrysler's loan still cost taxpayers well over a billion dollars after all was said and done - those negative assets tied to "old Chrysler" in the bankruptcy did not require repayment.

Are you the 2015 Chrysler 300?

When Chrysler showed us its hand and revealed its five-year product plan to the world, we learned that the updated 300 sedan will bow at the LA Auto Show in November. Now, thanks to Allpar, we might have our first (super grainy) look at the new sedan a full two months ahead of its official debut.
Unlike its Dodge Charger platform mate, the new 300 isn't really all that different from the model currently on sale. That said, we're not sure if the changes shown here really reflect styling that we'd call "better," with the company's logo sort of floating at the top of the grille, and a more simplistic front end that lets the schnoz stick out a bit. Again, nothing drastic to talk about, but the new tweaks are kind of weak. Of course, we'll wait until we see the finished product in the metal before we make up our minds.
Don't expect things to change too much in terms of interior refinement or powertrain offerings, as well, with all the same leather and technology we've enjoyed in the 300 before, and the usual 3.6-liter Pentastar V6 and 5.7-liter Hemi V8 powertrain options. We'll know for sure when the car shows its freshened face in Los Angeles in November.