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Junkyard Gem: 1990 Chrysler LeBaron GT Convertible

When Chrysler sprang back to life under Lee Iacocca and his K-Cars, the flagship of the new front-wheel-drive order was the luxurious new 1982 LeBaron convertible, which shoved aside the drab and antiquated Dodge Diplomat-based 1981 LeBaron. The LeBaron sedan got the axe after 1989, with only sporty coupes and devil-may-care ragtops given LeBaron badges after that. Here's an example of the third-generation LeBaron convertible, found in a Colorado wrecking yard a few months ago. There were four trim levels of LeBaron convertible available for the 1990 model year: Highline, Premium, GT and GTC. Today's Junkyard Gem is a second-from-the-top GT, which had an MSRP of $17,799 (about $43,383 in 2023 dollars). The intake manifold may bear the Chrysler name, but this engine is three liters of pure Mitsubishi 6G72 power. With 141 horsepower and 171 pound-feet, this engine was  standard equipment on the GT convertible (if you bought the GTC Coupe, you got a 175-horse 2.5-liter turbocharged four-cylinder). The idea of a Detroit luxury machine with a manual transmission seems strange today… and it was also somewhat strange 33 years ago. The original buyer of this car almost certainly had the money for the optional automatic ($552, or $1,314 today) but preferred the five-on-the-floor manual. With a curb weight of just 2,775 pounds, this car would have been plenty of fun to drive with a three-pedal setup. The resemblance between this car and its far more expensive first cousin, Chrysler's TC by Maserati, was all too obvious to TC shoppers. Yes, that's genuine Corinthian Leather on the seats. Driver's-side airbags were rare on 1990 US-market cars, but Chrysler was ahead of the competition with this safety feature. This car nearly reached 275,000 miles during its life. Who says a convertible doesn't make a good daily commuter? It looks to have been in good condition at the end, though the driver's door latch mechanism needed to be reattached via welding repairs at some point. The retractable headlight covers are open in these photos. Chrysler ditched the hidden headlights for the 1993 LeBarons; production ended after 1995. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. There is no luxury without engineering. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. In Canada, Celine Dion pitched this generation of LeBaron convertible.

Fiat Chrysler to pay $40 million fine for inflating sales numbers

DETROIT — Fiat Chrysler is paying $40 million to settle with U.S. securities regulators who say the automaker misled investors by overstating its monthly sales numbers over a five-year period. The Italian-American company inflated sales by paying dealers to report fake numbers from 2012 to 2016, the U.S. Securities and Exchange Commission alleged in a complaint. Fiat Chrysler agreed to pay the civil penalty and to stop violating anti-fraud, reporting and internal accounting control regulations, the SEC said Friday in a statement. The automaker did not admit or deny the agency's allegations, the statement said. "This case underscores the need for companies to truthfully disclose their key performance indicators," Antonia Chion, associate director in the SEC's Enforcement Division, said in the statement. She noted that the new vehicle sales figures give investors insight into the demand for an automaker's products, a key to assessing the company's performance. Fiat Chrysler said it has reviewed and refined its sales reporting procedures. It said the payment will not have a large impact on its financial statements. The agency said the automaker boasted about a streak of year-over-year sales increases into 2016, when the streak actually was broken in September of 2013. When the company disclosed the sales scheme in 2016, it said that it had a "reserve" stock of cars that had been shipped to big fleet buyers such as rental car companies but not recorded as sales. The SEC said employees called this database of actual but unreported sales the "cookie jar." The company dipped into those sales to stop the streak from ending, or when it would have missed other sales targets. Fiat Chrysler said it now records sales as soon as vehicles are shipped to customers. It has also take steps to ensure that a sale is immediately subtracted from its books when it finds out the deal was scuttled because the buyer backed out or couldn't get financing. The SEC probe is another in a long string of legal troubles for Fiat Chrysler. It also faces federal investigations into illegal payments to union officials through a training center, and a criminal probe into allegations that its diesel-powered trucks were programmed to cheat on emissions tests. The company has denied cheating, but federal prosecutors charged an engineer earlier this week and said he conspired with others. In June, Fiat Chrysler's U.S.

Stellantis invests more than $100 million in California lithium project

Stellantis said it would invest more than $100 million in California's Controlled Thermal Resources, its latest bet on the direct lithium extraction (DLE) sector amid the global hunt for new sources of the electric vehicle battery metal. The investment by the Chrysler and Jeep parent announced on Thursday comes as the green energy transition and U.S. Inflation Reduction Act have fueled concerns that supplies of lithium and other materials may fall short of strong demand forecasts. DLE technologies vary, but each aims to mechanically filter lithium from salty brine deposits and thus avoid the need for open pit mines or large evaporation ponds, the two most common but environmentally challenging ways to extract the battery metal. Stellantis, which has said half of its fleet will be electric by 2030, also agreed to nearly triple the amount of lithium it will buy from Controlled Thermal, boosting a previous order to 65,000 metric tons annually for at least 10 years, starting in 2027. "This is a significant investment and goes a long way toward developing this key project," Controlled Thermal CEO Rod Colwell said in an interview. The company plans to spend more than $1 billion to separate lithium from superhot geothermal brines extracted from beneath California's Salton Sea after flashing steam off those brines to spin turbines that will produce electricity starting next year. That renewable power is expected to cut the amount of carbon emitted during lithium production. Rival Berkshire Hathaway has struggled to produce lithium from the same area given large concentrations of silica in the brine that can form glass when cooled, clogging pipes. Colwell said a $65 million facility recently installed by Controlled Thermal can remove that silica and other unwanted metals. DLE equipment licensed from Koch Industries would then remove the lithium. "We're very happy with the equipment," he said. "We're going to deliver. There's just no doubt about it." Stellantis CEO Carlos Tavares called the Controlled Thermal partnership "an important step in our care for our customers and our planet as we work to provide clean, safe and affordable mobility." Both companies declined to provide the specific investment amount. Controlled Thermal aims to obtain final permits by October and start construction of a commercial lithium plant soon thereafter, Colwell said. Goldman Sachs is leading the search for additional debt and equity financing, he added.