Marchionne: Fiat and Chrysler Could Merge into a Single Entity in a Few Years

Speaking at the J.D. Power and Associates International Automotive Roundtable, Fiat and Chrysler CEO Sergio Marchionne today told reporters that the two companies could merge into a single entity based in the U.S. in the near future. Until then, Chrysler first has to refinance its government loans and launch an initial public stock offering, but Marchionne hopes that both will happen this year.

“Who knows? In the next two or three years, we could be looking at one entity. It could be based here”, said Marchionne. The companies are considering various “alternatives and scenarios. First we need to integrate them operationally and then look at governance”, he added.

Ever since the Fiat Group acquired a stake in Chrysler, in June 2009, the Italian company's main goal was to revamp the American brand’s portfolio. Models like the recently introduced 2011 Chrysler 200, 2011 Chrysler 300 and 2011 Chrysler Town & Country are just the tip of the iceberg, as the automaker wants to launch a total of sixteen all-new or revised models in 2011.

The automakers are also working on sharing an increasing number of platforms and technologies, which will help them to further expand their lineups. For example, early 2012 will mark the debut of a new Dodge compact sedan, built using Fiat underpinnings, with other models expected to follow afterwards.

Fiat currently owns 25 percent of Chrysler, a stake that could rise to 35% if a series of performance-related targets are achieved.

By Csaba Daradics

Source: Autonews

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2011 Chrysler 200 Convertible to get its First Public Outing at the Chicago Auto Show

The new 200 Convertible will make its motorshow premiere at the upcoming 2011 Chicago Auto Show, which runs for the public from February 11 to 20, Chrysler confirmed today. Essentially a re-packaged, re-designed and partially re-engineered version of the drop-top Sebring, the 200 Convertible will soon go on sale in the States with a starting price of $27,195, and a choice of two powerplants, a 173HP 2.4-liter four-pot and a new 283HP 3.6-liter V6, both matched to a six-speed automatic transmission.

“The coming out of the stylish new 200 Convertible at the Chicago Auto Show completes the brand transformation in conjunction with the largest consumer auto show in the country,” said Olivier Francois, CEO — Chrysler Brand, Chrysler Group LLC. “The 200 Convertible is the fourth new vehicle introduced in the last three months coming on the heels of the debuts of the new 2011 Chrysler 200 sedan and 2011 Town & Country minivan in Los Angeles and the introduction of the all-new flagship Chrysler 300 in Detroit. Starting in Chicago, the entire Chrysler product lineup is new for 2011.”

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New Chrysler 200 Convertible Prices Announced, Four-Cylinder Starts from $27,195, V6 from $31,990

We've already had our first in-depth look at the revised Sebring Convertible, which has been renamed to 200 Convertible, but now, Chrysler has releasing pricing a couple of months ahead of its market launch in the States. The new 200 Convertible is available in three trim levels (Touring, Limited and S), two engine choices including a 2.4-liter four-cylinder and a 3.6-liter V6, plus the option of a traditional soft top or a retractable metal hard top.

The range begins with the entry-level Touring model powered by a 173HP 2.4-liter four-banger matched to a six-speed automatic transmission, which is priced at $27,195 including a $750 destination fee. That brings the 200 Convertible in the same price range as Ford's 305HP Mustang Convertible V6, which starts at $27,495 (including destination and a $500 cash back).

Standard features on the Touring model include a cloth soft-top, leather-wrapped steering wheel with integrated controls for audio and speed control; leather-wrapped shifter knob; air conditioning; MP3 radio with six speakers; front and side air-bags, electronic stability control with brake assist and traction control; automatic headlamps with LED light pipe accents; LED taillamps; power windows and locks; remote keyless and 17-inch alloy wheels.

Next up is the 200 Limited that is powered by the 283HP-strong 3.6-liter Pentastar engine mated to a six-speed automatic transmission. It has a starting MSRP of $31,990 including a $750 destination fee.

On top of the standard features of the Touring, the Limited adds leather heated front seats; remote start; Media Center 730 touchscreen with 30 gigabyte HDD/CD/DVD/MP3 radio; Uconnect handsfree phone with Bluetooth; USB port for iPod/MP3 connectivity; electrochromatic rearview mirror; universal garage door opener; fog lamps; exterior chrome details and 18-inch alloy rims.

Following the launch of the Touring and Limited variants, Chrysler will further enhance the 200 Convertible's range with the addition of the 'S' model. Offered exclusively with a V6 engine, the 'S' will come with several unique styling features such as a special finish on the grille, dark headlamp surrounds, bespoke 18-inch "tuner-inspired" aluminum wheels, black leather seats with suede inserts and a Boston Acoustics speaker system. The Detroit automaker did not announce pricing details on the 200 Convertible S.

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