2002 Chrysler Sebring Limited Convertible 2-door 2.7l on 2040-cars

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Former Treasury boss unaware auto task force fired GM's Wagoner

We dig a good political tell-all every once in a while (how else will we get our political fix while waiting for House of Cards' third season?). Today, we get just that from former Treasury Secretary Timothy Geithner's new book, "Stress Test," which details, among other parts of the 2009 financial catastrophe, the structured bankruptcy that allowed Chrysler and General Motors to emerge as competitive players in the auto industry.
In the book, which is nicely recapped by The Detroit News, Geithner discusses the firing of GM CEO Rick Wagoner while explaining how much trust he had in the auto industry task force that executed the move without his knowledge.
Auto Czar Steve Rattner "didn't even consult me before he fired General Motors CEO Rick Wagoner; if anything, that move increased my confidence in Team Auto," Geithner wrote.

Junkyard Gem: 1995 Eagle Vision TSi

Lee Iacocca's main motivation to have Chrysler buy the American Motors Corporation in 1987 was to grab the Jeep brand, but it turned out that getting all the chassis engineering that went into the Eagle Premier paid off handsomely as well. The Premier's ancestry was Wisconsin-tinged Renault, a mashup of Renault 25 and 21 chassis and suspension design, and Chrysler later based the very successful LH series of sedans on the Premier. The Eagle-badged version of the LH was the Vision, sold for the 1993 through 1997 model years. Here's one of those cars, heavily battered and its once-lurid purple paint now faded, found in a self-service yard south of Denver, Colorado. The Eagle brand was named after the AMC Eagle, and it was used for both ex-AMC vehicles and Mitsubishi machinery. It got the axe after 1998, when the final Talons were sold. The first-generation LH cars included the Vision, the Chrysler Concorde, the Chrysler LHS, the Chrysler New Yorker and the Dodge Intrepid. A Plymouth version known as the Accolade was planned but never went into production. The crash that mangled the front end made it impossible for me to open the hood, but the '95 Vision TSi got a 3.5-liter OHC V6 with 214 horsepower and 221 pound-feet. Every production Vision ever built came with a mandatory four-speed automatic transmission. This car made it just a bit past 167,000 miles during its life. All in all, a comfortable Detroit sedan on a French suspension that sold fairly well and then faded into oblivion. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. So much cheaper than the Acura Legend! This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Virtual reality speculation was all the rage during the first half of the 1990s. And, hey, it still is! This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. The middle 1990s were a strange time.

FCA workers get raises, health care co-op in new UAW deal

The pending labor agreement between FCA US and the United Auto Workers is now in the hands of union members to confirm. It's expected to be accepted, but a final decision could take weeks, The Detroit News reports. Employees didn't get everything they were hoping for, and contrary to earlier reports, the two-tier wage system remains in place. However, there are attempts to lessen the difference between the levels in this four-year deal. Assuming FCA US workers agree to this offer, the starting pay for tier-two workers would go up around a dollar to $17 an hour. The other level would now begin at $25.35, about a $6 increase, and they would receive 3 percent raises in the first and third year of the deal. Both groups also get $800 in profit sharing for each percent the automaker's profit margin rises above two percent. Extra money kicks in for the second tier above eight percent. Union members get a $3,000 bonus for accepting this contract, as well. The other major change under the pending agreement is the previously rumored switch to a healthcare co-op. The goal is to collect members from the Big Three together to create a huge member base for leverage to negotiate better rates with insurance companies. The UAW is promising no increase in cost to workers, according to The Detroit News. The idea was inspired by the similar structure for the Voluntary Employee Beneficiary Association for union retirees. UAW boss Dennis Williams expects the agreement to be approved. "Once the membership looks at it, hears the explanation for it, I think they'll ratify it," he said, according to The Detroit News. The next step is to craft similar deals with General Motors and Ford. Related Video: