Auto News Blog » Chrysler

2012 Laramie Limited Ram 1500 to be unveiled at motor show in Chicago

Brandon — Fri, 17 Feb 2012 14:11:25 +0000

The Laramie Limited 2012 Ram 1500 that surely catches the eyes of opulent pickup truck consumers will be officially unwrapped during the auto show in Chicago this February.

The tag price for this special edition Ram 1500 which is set to go on sale by the second quarter of this year has not been announced yet. Pricing though is expected to kick off at roughly $45,000. The current flag carrier of the line up, the Laramie Longhorn Ram 1500 goes for $44,120 inclusive of a destination fee of $995.

The Laramie Limited will be rolled out as 3500, 2500, and 1500 HD with versions that have, single rear wheel or dual rear wheel; mega cab and crew cab version; and 4-wheel drive and 2-wheel drive; long- and short- wheelbase variants.

The top of the line Laramie Limited gets a leather treatment for its seats, ambient lighting for the cabin, and its cluster of gauges with markings saying “Designed in Detroit”. The pickup also has a remote start, navigational radio, camera to aid backing up, adjustable pedals, heated seats and steering wheel.

The brand is expecting to attract a good amount interest with the release of the Laramie Limited in addition to their other luxury models.

Earlier this year, Chrysler shared the information that the sales of Ram trucks jumped by 21% comparing the same period between 2011 and 2010. The vehicle manufacturer was able to deliver 212,952 trucks and 212,952 trucks for 2011 and 2010, respectively. The report did not indicate the breakdown of sales per particular unit.

Why would you not get a free Auto Insurance Quote right now? Think about it: it takes just a few minutes, it's absolutely free, it can save you hundreds of dollars per year (sometimes even thousand) and you might even be able to get better coverage! Why not? No reason!

Chrysler makes profits in 3Q, ups forecast

Brandon — Mon, 31 Oct 2011 15:33:12 +0000

The Chrysler Group after a review of their third quarter finances found out that they turned some earnings. The good news allowed the auto manufacturer based in Detroit to raise their profit forecast for the coming months. Chrysler which is at present majority owned by Italian company Fiat, had a 3Q income of $212 million which is a big leap to the $84 million loss for the same period back in 2010.

The profits that came in during the third quarter is consistent with the projection of the analysts. The carmaker raised its earnings forecast to $600 million for 2011 instead of the max of $500 million projected earlier. This year will be the first full year earnings since their bankruptcy declaration bacik in 2009.

The positive results in the finances and the increased sales are both in line with the plan drawn back in 2009. Recently, the company and the United Autoworkers, signed a four year pact to ensure the growth of the company, and make sure to reward the workers who helped revive the brand.

Throughout this year, Chrysler has been outpacing the automotive industry in the United States when you look at the sales primarily attributed to their revamped range of vehicles. Vehicles like the Grand Cherokee by Jeep and the Chrysler 300 and Chrysler 200 spearheaded the good comeback of Chrysler. The sales of the brand were up by as much as 23.1% compared to the 3rd quarter sales of 2010, and an improvement of 26.1% for the first nine months of the year. Overall, the auto industry in the U.S. improved its sales by 6% for the third quarter.

The excellent sales performance of Chrysler translates to their increase market share of the U.S. market to 11.6% or 1.9% points.

The car manufacturer also scaled back their incentives which in turn raised their transaction prices. For the quarter, Chrysler’s incentive per transaction is $2,859 which is a big decline from last year’s.

The net revenue of Chrysler for the quarter is $13.1 billion reflecting a 19% improvement looking at their 2010 numbers.

Select from a variety of Class B Motorhomes to find that special one for you!

Big Auto Makers Seek Government Lifeline

Brandon — Sun, 16 Nov 2008 20:34:42 +0000

Record plunge in sales and tight cash flow situation, big car manufacturers like GM, Ford, and Chrysler are pleading for help from the US federal government. They need billions more in addition to the $25 billion loan to build more fuel efficient cars.

Democrats in Congress are pushing for a bill that will release a $25 billion loan for the big car companies in exchange that they will give the government ownership stakes. They are hoping for the fast passage of the auto bail out bill.

The plan is to get a chunk from the $700 billion allocated for the Wall Street life line to help the big car manufacturers. The White House has declared that it is open to the idea. President-elect Obama calls for more help to be given to the soul of US manufacturing.

The additional help from the government still needs to pass a lot of road blocks. Car makers are crossing their fingers that it will not be derailed if it goes through the Senate. They are also hoping that the aid will still be able to reach them in time so the industry will be able to survive.

Some politicians are gearing towards hastening for the release of the $25 billion fund for car makers to develop more fuel efficient vehicles. Other lawmakers are thinking of rescue plans going beyond the big three car front liners.

Both Democrats and Republicans also realize that the bail out plan for the auto industry must be planned well so it will benefit both car manufacturers and car buyers.