2005 Chrysler Pt Cruiser Gt Convertible 2-door 2.4l on 2040-cars

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U.S. auto sales in April expected to drop despite big discounts

DETROIT — U.S. auto sales in April likely fell nearly 8 percent from the same month in 2017 despite big discounts for consumers, industry consultants J.D. Power and LMC Automotive said on Thursday. For much of the past two years, the discounts offered by automakers have remained at levels that industry analysts say are unsustainable and unhealthy in the long term. April U.S. new vehicle sales will likely be about 1.31 million units, down from 1.42 million units a year earlier, the consultancies said. The forecast was based on the first 17 selling days of April. Automakers, including Ford and Fiat Chrysler Automobiles, will release April U.S. sales results on May 1. Earlier this month, No. 1 U.S. automaker General Motors said it will stop reporting monthly U.S. sales because the 30-day snapshot does not accurately reflect the market. GM will instead issue quarterly sales reports. U.S. new vehicle sales fell 2 percent in 2017 to 17.23 million units after hitting a record high in 2016. Sales are expected to drop further in 2018 as interest rates rise and more late-model used cars return to dealer lots to compete with new ones. LMC expects full-year 2018 U.S. new vehicle sales to come in at around 17 million units. "Uncertainty and unfavorable factors appear to be mounting for autos, including a volatile stock market, rising interest rates, rising oil prices and potential trade roadblocks," Jeff Schuster, LMC's head of global vehicle forecasts, said in a statement. The seasonally adjusted annualized rate of sales for April will be 16.6 million vehicles, down more than 2 percent from 17 million units in April 2017, the consultancies said. Retail sales to consumers, excluding lower-margin fleet sales to rental agencies, businesses and government, were set to decline about 9 percent in April. The level of consumer discounts, which can erode profit margins and undercut resale values, "remains the larger concern," the consultancies said. The average discount was $3,698, up $187 from April 2017. Discounts on trucks and SUVs were up $426, but down $226 on passenger cars. Reporting by Nick CareyRelated Video: Image Credit: Reuters Earnings/Financials Chrysler Ford GM JD Power

Stellantis and LG announce Canadian EV battery joint venture

SEOUL — South Korean battery giant LG Energy Solution (LGES) said on Wednesday it plans to invest $1.5 billion to set up a joint venture with Stellantis in Canada. LGES owns 51% of the joint venture, tentatively named "LGES-STLA JV" and Stellantis owns 49%, LGES said in a regulatory filing. In October, LGES and Stellantis NV struck an electric vehicle (EV) battery production joint venture, targeting to start production by the first quarter of 2024 and aiming to have an annual production capacity of 40 gigawatt hours of batteries. In a separate regulatory filing, LGES said it plans to acquire a stake worth $542 million in ES America to respond to demand from EV startups in the United States. LGES is considering building a factory in Arizona to meet demand in the United States, two people familiar with the matter told Reuters, adding that the plant is expected to primarily produce cylindrical battery cells. LGES has its own factory in Michigan and two battery joint ventures with General Motors in Ohio and Tennessee. "We are considering a new production site, but nothing has been decided yet," said a spokesperson at LGES. LGES, which counts Tesla, GM and Volkswagen among its customers, currently has battery production sites in the United States, China, Poland, Indonesia and South Korea. Related video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Green Plants/Manufacturing Chrysler Dodge Fiat Jeep RAM Electric

Junkyard Gem: 2006 Chrysler Sebring Touring Convertible

Quick, what was the cheapest new convertible Americans could buy in 2006? If you guessed "Chrysler PT Cruiser" ($19,890 MSRP) you're right, but the Pontiac Solstice cost just 25 additional bucks. After that came the likes of the Miata, Mustang, New Beetle, and so forth, all priced below $25,000 in their most affordable ragtop versions that year. The Chrysler Sebring was the cheapest midsize convertible in 2006, with a price starting at just $26,115 (about $39,005 in 2022 dollars), edging out the Toyota Camry Solara SE by 825 bucks. Here's one of those roomy-yet-reasonably-priced Chrysler convertibles, now absolutely used up and residing in a Colorado self-service wrecking yard. Chrysler sold Sebrings from the 1995 through 2010 model years, in three generations. The convertible version appeared early on, starting in 1996; it started out on the same platform as the now-long-forgotten "Cloud Cars" (Chrysler Cirrus, Plymouth Breeze, Dodge Stratus), then moved in 2007 to a Mitsubishi/DaimlerChrysler-developed platform that went under everything from Outlanders to Avengers. That makes today's Junkyard Gem one of the newest American members of the Cloud Car family tree, though GAZ built Sebring-derived Volga Sibers in Russia for a few more years. By the time it got to this place, it had become a total hooptie. Rattle-can paint, duct-tape trim repair, the works. Just 16 years old, but it's done. The baling-wire repair to the torn convertible top shows ingenuity on the part of a former owner. Plywood appears to be keeping the roof from collapsing. Because so many Sebrings were invisible fleet cars, it's easy to forget that a convertible even existed. In fact, the Sebring was the best-selling new convertible in America in the middle 2000s. When the 24 Hours of Lemons race series first went to Sebring International Raceway in 2014, I used my vast powers as Chief Justice of the Lemons Supreme Court to get entry fees waived for Chrysler Sebring race cars. We got two Sebrings that year, both convertibles. The base Sebrings for 2006 got the 2.4-liter straight-four out of the just-discontinued Neon, while the Touring, GTC, and Limited trim levels got this 200-horsepower DOHC V6 (originally developed for the Chrysler LH cars) displacing 2.7 liters. Early U.S.-market Sebrings could be purchased with five-speed manual transmissions, but a four-speed automatic was mandatory by the time this car was built.