1973 Chrysler Newport A Gem on 2040-cars

Auto blog

Ford tops GM in US vehicle sales in May, driven by fleets

DETROIT - Ford, bolstered by heavy sales to fleet customers, surpassed General Motors in US new vehicle sales in May, according to figures reported Thursday. Ford said May sales rose 2.2 percent from a year ago to 241,126 units. GM sales dropped 1.3 percent to 237,364. GM said it had been trimming sales of heavily discounted vehicles to car rental companies. Such fleet sales made up about 19 percent of its total sales in May. Ford's fleet sales rose 8.4 percent, representing more than 34 percent of total sales. The industry average is around 20 percent. Analysts had expected mixed results for the industry, with sales likely propped up by heavy discounts. Fiat Chrysler Automobiles said May sales dipped 0.9 percent to 193,040. Toyota's US sales dropped 0.5 percent to 218,248. Nissan said US sales in May rose 3.0 percent, to 137,471. After demand fell in March and April, analysts estimated May sales at just over 1.5 million. The seasonally adjusted annual rate of sales in May was estimated at 16.8 million to 16.9 million vehicles, about the same as April. A year earlier, sales stood at 17.55 million vehicles. Early reports indicated that sales over the three-day Memorial Day weekend were helped by heavy discounts. "While demand for new vehicles is still relatively strong, it's a bit of smoke and mirrors," said Jessica Caldwell, executive director of industry analysis at Edmunds, the car shopping website. Manufacturers and dealers "really pushed the deals over the holiday weekend to prop up their May numbers," she said. "Incentives were up sharply, and it seems automakers are putting more cash on the hood to nudge car shoppers to buy versus lease." General Motors dealers were offering discounts of up to $12,000 on the full-size Chevrolet Silverado pickup, while some dealer discounts on Ford Motor Co's F-series pickups were more than $10,000 on 2017 models and more than $14,000 on leftover 2016 models. The 2017 model year started eight months ago. Reporting by Paul LienertRelated Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Earnings/Financials Chrysler Fiat Ford GM Nissan Toyota US

2023 Chrysler Pacifica Review: Hybrid is still the one to get, but it's pricey

Pros: Unique plug-in hybrid; versatile Stow ‘n Go seats; great entertainment features; good looks Cons: No cheaper base trim; top trims and Hybrid are really expensive; less-comfy second-row Stow ‘n Go seats The 2023 Chrysler Pacifica represents the seventh year of this latest generation of ChryslerÂ’s minivan, which is usually a year past when a car would be completely redesigned. Despite this advanced age, the Pacifica was so well done from the get-go that it remains fully competitive, and in Hybrid form, one of our top choices in the admittedly small minivan segment. Key updates two years in particular ensured that its in-car tech remained just as state-of-the-art and well-executed as itÂ’s always been. Indeed, if thatÂ’s a priority, the Pacifica should be at the top of your list. Ditto fuel economy, because with its plug-in hybrid powertrain and 32 miles of electric range, itÂ’s possible for the Pacifica Hybrid to best even the sensationally efficient, hybrid-only Toyota Sienna. This efficiency is a key reason why that pair represents our top minivan choices, as they can save you $1,000 or more versus V6-only vans (including the regular Pacifica) in gas per year. That said, we put the Sienna on top in a comparison test because of price, and the scales have only tipped further since then after Chrysler jacked the price up by about $8,000 in the last two model years. The base Pacifica Hybrid is now more than $50,000 with the Pinnacle living up to its name with a price tag over $60,000. The $7,500 federal tax credit should help, but itÂ’s unclear at this point if it'll still apply in calendar year 2023. Basically, we really like the Pacifica Hybrid, but the economics might be tricky. So could finding one at a dealer given supply, demand and potential mark-ups.   Interior & Technology   |   Passenger & Cargo Space   |   Performance & Fuel Economy What it's like to drive   |   Pricing & Trim Levels   |   Crash Ratings & Safety Features What's new for 2023? The Pacifica gets a new Road Tripper package for 2023. Available on the Touring L trim levels of both gas and hybrid versions, it adds special graphics and wheels in Luster Gray with orange highlights. ThereÂ’s also “Granite Crystal” exterior trim, all-weather floor mats and a roof rack (though itÂ’s unclear whether its different than the PacificaÂ’s usual Stow ‘n Place rack). The gas-only version also includes the Trailer Tow group.

Marchionne completed Fiat-Chrysler deal from a Florida beach

Sergio Marchionne is the CEO of Fiat, which as you may have heard, has finally worked up a deal to finish acquiring the Chrysler Group after months of bargaining with the United Auto Workers and its VEBA healthcare trust, which owned just over 40 percent of the American brand. Where was Marchionne when the deal was finally hammered out? Well, not tucked away in a frigid Detroit board room until the wee hours of the morning.
Nope, one of the largest deals in automotive history was reportedly hammered out on the beach - at the home of a banker, in the Florida resort town of Vero Beach. Marchionne traveled to the home of Alain Lebec, a senior managing director at Brock Capital LLC, one of the advisory companies for the VEBA fund, where both sides met to make final arrangements in the $4.35-billion exchange. The location of the final deal, though, is nearly as remarkable as the pace with which it came about.
According to anonymous sources pinned down by Automotive News Europe, before the meeting, the two sides were meeting in Detroit as recently as December 19, which is where Fiat made one of its final revised offers. Naturally, the VEBA made a counter offer, which led Marchionne to initiate the Vero Beach meeting.