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Junkyard Gem: 1991 Chrysler LeBaron GTC Convertible

Chrysler's versatile front-wheel-drive K Platform saved the company from certain doom during the early 1980s, then spawned so many derivatives — including the vehicle that started the minivan revolution — that we can't keep track of all of them. One of the original K-cars was the affordably luxurious 1982 Chrysler LeBaron, which evolved into a snazzy convertible later in the decade. The LeBaron disappeared after 1995, replaced by the Sebring and the Cirrus, and I'm seeing fewer and fewer of these cars during my wrecking-yard explorations. Here's a sporty '91 convertible in a Denver-area yard. The top-of-the-line LeBaron convertible in 1991 was, in fact, badged by Maserati and came only with a Mitsubishi V6. That 141-horse engine was the base powerplant for the '91 LeBaron GTC, though an optional 2.5-liter, 152-horsepower straight-four could be purchased for the LeBaron (but not for the TC By Maserati). The "litre" spelling was considered very classy by Detroit during the 1975-2000 period. Whoever bought this car in the first place must have been a bit of a hell-raiser, because here's the 5-speed manual transmission that became increasingly rare in members of the K-Car family as automatics got cheaper. It also has the driver's-side airbag, which meant that those horrible automatic seat belts that ruined early-1990s cars weren't required. The interior has suffered much fading from the Colorado sun, but it started life as an exquisitely 1980s/1990s Bordello Red palace, all done up in pseudo-velour and hard plastic. Not quite 150,000 miles on the clock. 1992 was the last year for the LeBaron's pop-up headlights. That's just as well, because the mechanisms that opened the "eyelids" tended to get flaky as the years went by. ] This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. There Is No Luxury Without Engineering.

Ferrari to be spun off from Fiat Chrysler

The recently merged Fiat Chrysler Automobiles empire has ambitious plans for growth, and it's going to need some big bucks in its coffers in order to enact them. Part of that cash injection is coming from the floating of its IPO on the New York Stock Exchange, but now FCA has announced a further capital campaign to be based on the enormous asset that is Ferrari.
FCA's board of directors has just approved the separation of Ferrari from the rest of the group as a separate entity. Once that separation is complete, Ferrari will put 10 percent of its shares on the stock market "in the United States and possibly a European exchange" as well.
This isn't the first time that the idea of a Ferrari IPO has been raised. Sergio Marchionne, chief executive of Chrysler, Fiat and Ferrari (pictured above), first raised the idea four years ago. Former Ferrari chairman Luca di Montezemolo nixed the idea, but now that he's been discharged, it appears there's nothing to get in the way of Marchionne's desires.

Weekly Recap: Chrysler forges ahead with new name, same mission

Chrysler is history. Sort of. The 89-year-old automaker was absorbed into the Fiat Chrysler Automobiles conglomerate that officially launched this fall, and now the local operations will no longer use the Chrysler Group name. Instead, it's FCA US LLC. Catchy, eh? Here's what it means: The sign outside Chrysler's Auburn Hills, MI, headquarters says FCA (which it already did) and obviously, all official documents use the new name, rather than Chrysler. That's about it. The executives, brands and location of the headquarters aren't changing. You'll still be able to buy a Chrysler 200. It's just made by FCA US LLC. This reinforces that FCA is one company going forward – the seventh largest automaker in the world – not a Fiat-Chrysler dual kingdom. While the move is symbolic, it is a conflicting moment for Detroiters, though nothing is really changing. Chrysler has been owned by someone else (Daimler, Cerberus) for the better part of two decades, but it still seemed like it was Chrysler in the traditional sense: A Big 3 automaker in Detroit. Now, it's clearly the US division of a multinational industrial empire; that's good thing for its future stability, but bittersweet nonetheless. Undoubtedly, it's an emotion that's also being felt at Fiat's Turin, Italy, headquarters as the company will no longer officially be called Fiat there. Digest that for a moment. What began in 1899 as the Societa Anonima Fabbrica Italiana di Automobili Torino – or FIAT – is now FCA Italy SpA. In a statement, FCA said the move "is intended to emphasize the fact that all group companies worldwide are part of a single organization." The new names are the latest changes orchestrated by CEO Sergio Marchionne, who continues to makeover FCA as an international automaker that has ties to its heritage – but isn't tied down by it. Everything from the planned spinoff of Ferrari, a new FCA headquarters in London and the pending demise of the Dodge Grand Caravan in 2016 has shown that the company is willing to move quickly, even if it's controversial. While renaming the United States and Italian divisions were the moves most likely to spur controversy, FCA said other regions across the globe will undergo similar name changes this year. Despite the mixed emotions, it's worth noting: The name of the merged company that oversees all of these far-flung units is Fiat Chrysler Automobiles. Obviously the Chrysler corporate name isn't completely history.