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Chrysler: Imperial on 2040-cars

US $22,000.00
Year:1960 Mileage:39155 Color: White

Hagatna, Guam, United States

Hagatna, Guam, United States

This Imperial Crown Convertibles are a classic in very good general condition. Paint was painted back in 2013 and there are no rust or never done any major repairs.
by 1960 the Imperial offered not only exclusivity and grand style but also strong performance with its powerful 413 cubic inch engine, and excellent handling thanks to its torsion-bar suspension. Much more than “upscale Chryslers”, the 1960 Imperial line shared only its strong power-train with other Chrysler products, and ever since 1955, the Imperial was considered a separate marque all its own. Series P1Y-M. 350 bhp, 413 cu. in. V-8 engine, Torqueflite three-speed automatic transmission, independent front suspension with torsion bars and semi-floating rear axle with tapered semi-elliptic leaf springs, and four-wheel power-operated hydraulic drum brakes. Wheelbase: 129 in.• Interior and trunk completely reupholstered• Full mechanical sorting • One of 618 builtWalter P. Chrysler formed Chrysler Corporation in 1924, and the fledgling company quickly matured into one of America’s top three automakers.
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Chrysler recalling 278,222 trucks and SUVs over bad rear axles

Thu, 14 Feb 2013 13:29:00 EST

Chrysler has issued a recall of 278,222 light trucks and sport utility vehicles here in the United States. The reason: bad rear axles. Specifically, according to the National Highway Traffic Safety Administration, the rear axle pinion nut may lack a necessary adhesive patch, which could cause the nut to loosen. If this happens, the axle can lock up, which could cause all sorts of havoc on the road.
This is an expansion of the rear axle recall announced in October of last year, where 44,300 Ram 1500 and Dodge Dakota models were being called in. At that time, 12 accidents had been reported due to the faulty axle pinion nut.
Affected vehicles include Ram 1500 trucks from the 2009 to 2012 model years, Dodge Dakota models from the 2009 to 2011 model years, and both the Chrysler Aspen and Dodge Durango SUV twins, both from the 2009 model year only.

Fiat to list on New York Stock Exchange?

Mon, 06 Jan 2014 09:59:00 EST

Citing the ever-nebulous "two sources close to Fiat," Reuters is reporting that the Italian automaker and owner of the Chrysler brand is likely to list itself on the New York Stock Exchange. The move could reportedly happen as soon as 2015, marking the end, at least in the minds of investors, of Fiat's 115-year base in Turin, Italy.
The Italian government is not likely to react favorably to Fiat's potential move from Italy to the United States, despite initially positive reactions to Fiat's landmark final purchase of Chrysler, the third-largest automaker in the US. Fiat spent $3.65 billion to buy out the 41.46-percent stake in Chrysler that had been owned by the United Auto Workers' VEBA trust fund.
With little sign of a swift European recovery, Fiat has little choice but to focus on markets outside its traditional home, and a listing in New York could potentially be a boon for investors. According to International Strategy and Investment analyst George Galliers, speaking to Reuters, "People [would be] more likely to think of the entity in the same context as they do Ford and GM" if it were listed on the NYSE.

Marchionne's pay as Fiat CEO falls to $5M

Wed, 12 Mar 2014 14:15:00 EST

Sergio Marchionne will be buying fewer of his iconic sweaters, as his 2013 pay from Fiat took a dip from $6.24 million to an even $5 million. Marchionne, who was also CEO of Chrysler, made $307,989 thanks to some stocks and benefits from the American company, although he didn't take a salary. Of that $5 million paid by Fiat, $3.19 million came from Marchionne's fixed salary while the remaining $1.8 million was paid for hitting unspecified performance targets.
The news comes from Fiat's compensation reports, which also showed that the 61-year-old, who already owned three million shares in Fiat at the end of 2013, was able to receive an additional 2.3 million shares through a stock incentive program. According to Automotive News Europe, the additional shares would be worth about $25 million at today's prices, although so far, Marchionne has declined to claim the extra shares.
According to ANE, Fiat reported a 2013 trading profit of $4.7 billion.