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Chrysler killing off the 200 Convertible, Dodge Avenger

When Chrysler rolled out the first-generation 200 to replace the Sebring range in 2010, it included replacements for both the sedan and the convertible. The Sebring Coupe, however, was left out of the mix. And now that the second-generation Chrysler 200 is descending upon us, Auburn Hills is paring things down even further. But this time, it's the convertible that reportedly isn't making the cut. Shame, too, since the rendering above shows what could have been quite an attractive droptop.
As our compatriots at Edmunds point out, sales of the convertible model accounted for less than five percent of overall Chrysler 200 sales, and at those numbers, the considerable cost of engineering a new drop-top couldn't be justified. With the Toyota Camry Solara and Volkswagen Eos also gone from the market (well, the VW isn't gone quite yet), the discontinuation of the Chrysler 200 Convertible leaves the affordable convertible segment largely to the sportier likes of the Ford Mustang and Chevy Camaro and smaller European offerings like the Mini Cooper and VW Beetle.
The Chrysler 200 Convertible isn't the only derivative being left behind with the new model: so too is the Dodge Avenger. That will leave a glaring hole in the Dodge lineup, with nothing to bridge the gap between the compact Dart and the larger Charger. Whether the Dodge brand has any plans to replace the Avenger with another model, not to be based on the 200, remains to be seen.

Will the Dodge Charger keep a gas engine? It's always been a possibility

The automotive rumormill has been working at a frenetic pace ever since images of what's thought to be the upcoming Dodge Charger Daytona body-in-white hit the internet a week or so ago. When we initially posted the pictures, which had been uploaded to various social media channels and web forums, we took immediate note of the presence of an unmistakable transmission tunnel. We wondered out loud (virtually, at least) "if there have been some changes to battery and component layout, or if this is to allow for an internal-combustion powertrain option early on." Well, if you believe a report from "a source connected to a supplier with firsthand information of Dodge's production plans" who reportedly "agreed to speak about the next-gen Charger program in exchange for anonymity" to The Drive, that transmission tunnel is for — you guessed it! — a transmission. An upcoming and updated version of the eight-speed automatic currently in use in any number of Chrysler, Dodge, Jeep and Ram vehicles, to be specific, hooked up to the Hurricane-branded inline-six-cylinder engine that debuted under the hood of the Jeep Wagoneer. That engine is destined to replace the Hemi-branded V8 engines that have admirably served across the Stellantis portfolio for just about as long as anyone can remember. Here's where things get tricky. There's actually zero reason to be surprised that there's a transmission tunnel buried inside the Dodge Charger Daytona. Dodge boss Tim Kuniskis basically said there would be a transmission tunnel a year ago. "I've been very transparent that our next cars are built on the STLA Large platform, and the STLA Large is a multi-energy platform," he said. He further reinforced the point, adding, "I can put an ICE engine in there. Doesn't mean we're going to. We're certainly not launching with anything like that." Removing all further doubt about the matter, Kuniskis concluded, "We're launching with full battery-electric and we think that by the time we get to that point the offering we're going to have is going to be really attractive in the marketplace. If some day we want to add ICE to that car, could we? It's totally [possible], but maybe we'll never get there." Is there any way to reconcile the information anonymously provided to The Drive with the statements made earlier by Dodge honchos? Sure. It's entirely possible that we don't know all the vehicles, or the names of those vehicles, that will be built atop the STLA Large platform.

Ferrari officially files SEC paperwork to register future IPO

Late last year FCA announced plans to spin off Ferrari into a separate company, and after a long wait that process has finally become official. The Prancing Horse has now filed the necessary prospectus and other documents with the Securities and Exchange Commission to hold an initial public offering on The New York Stock Exchange. The paperwork doesn't mention a specific date for the Italian sportscar maker's IPO, but it's expected sometime in October. At this point, the documents also don't include some other vital data about the IPO. Ferrari lists neither the number of shares being offered nor their price. The company also doesn't have a stock symbol yet. UBS, BofA Merrill Lynch and Santander are acting as joint book runners for the deal. As part of the IPO, FCA initially intends to sell 10 percent of Ferrari's shares on the stock market. Another 10 percent of the company still belongs to Piero Ferrari. FCA is holding onto the remaining 80 percent in the short term for financial reasons but intends to distribute them to shareholders in early 2016. After the spin-off, about 24 percent of Ferrari would be owned by Exor, 10 percent by Piero Ferrari, and 66 percent by public shareholders, according to the SEC documents. FCA boss Sergio Marchionne believes that Ferrari could be worth over $11 billion. Although, his estimate might be slightly high. According to Reuters, Wall Street is actually putting the value somewhere between $5.5 billion and $11 billion. If you're thinking about investing in the company or just want to read the nitty-gritty about the brand's financial health, the entire SEC filing can be read here. Ferrari Files for Initial Public Offering LONDON, July 23, 2015 /PRNewswire/ -- Fiat Chrysler Automobiles N.V. ("FCA") announced today that its subsidiary, New Business Netherlands N.V. (to be renamed Ferrari N.V.), has filed a registration statement on Form F-1 with the U.S. Securities and Exchange Commission ("SEC") for a proposed initial public offering of common shares currently held by FCA. The number of common shares to be offered and the price range for the proposed offering have not yet been determined, although the proposed offering is not expected to exceed 10% of the outstanding common shares. In connection with the initial public offering, Ferrari intends to apply to list its common shares on the New York Stock Exchange.