As Chrysler strives to put together its reorganization plans to satisfy the requirements for its federal loan, the automaker may be in talks to sell assets to Nissan-Renault or auto parts supplier Magna to possible as part of a restructuring plan.
The current discussions between Chrysler and Nissan-Renault have reportedly gained ample momentum, with a possible sale of the iconic Jeep brand in the works. Sources have indicated that Renault-Nissan is looking into whether such a sale would jeopardize the company’s access to federal funding.
Although no official comments to any sale of Chrysler assets have been made, Chrysler Chief Executive Bob Nardelli has repeatedly said that a sale of the automaker is not currently in the works, which Used Cars Hays and politicians alike have questioned. Meanwhile Nissan-Renault executives have implied that spending considerable cash in the current unstable market is simply unlikely. In addition to selling off entire brands, one of Chrysler’s goals may be to sell off parts and tooling assets relating to specific Chrysler models.
With billions of federal dollars at stake, Chrysler is searching for any option that would enable the automaker to streamline its operations and boost sales, while used truck St Louis dealers patiently wait and hope for quick results. This year, Chrysler sales have dropped 30 percent, with further drops likely.
A relationship between Chrysler and Nissan is not new. In April the two automakers had entered an alliance, with Nissan building a small car for Chrysler, and Chrysler helping build a full-size truck for Nissan. Another possible relationship with parts supplier Magna, which made a bid for Chrysler when it was sold by Daimler AG, could be in the works. With decreased interest of the PT Cruiser at Lubbock used cars dealers and at many other dealers, Chrysler may also be hoping to sell the PT Cruiser brand and tooling to a Chinese automaker for sale in China.
Volvo Dives into Plug-in Hybrid Technology
Volvo has been struggling amid slumping global sales, but that hasn’t stopped the automaker from diving into research and development. One such as product of its R&D efforts is a new plug-in hybrid that will be due by 2012. Volvo has committed itself to producing a high mileage diesel-electric plug-in hybrid, but it has yet to confirm its plans to sell the vehicle in the U.S.
Lexus ES Still Critical to Luxury Brand Lineup
As one Lexus’ most popular models, there will be plenty of drivers that will be happy to see a revamped Lexus ES 350 coming to showrooms later this month. While it may not be a full redesign, the updating certainly brings needed enhancements.
Euro Civic Type-R Teases U.S. Consumers
In the U.S., Honda is mostly known for producing somewhat conservative, economical cars. However, the image of Honda outside of the States is far more performance oriented. This is attributed to a range of models that can be had overseas, but remain unavailable here.
