Positive Post of the Day: Chrysler Has Cash, Will Produce Diesel Wrangler
November 4th, 2009 8:52 PM
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Surprise! There’s some good news coming out of Chrysler’s five-year plan presentation. Okay, the really surprising part first: Sergio Marchionne has revealed that Chrysler has $5.7B in cash, up from $4B when it exited bankruptcy in June. The somewhat less surprising part: Jeep is bringing a stop-start-equipped, diesel-powered Wrangler. How niche-tastic is that?
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From what I remember, they sold way more Liberty CRDs than they ever planned on. I think the original plan was something like 5000 units but it ended up being double that number. If any vehicle needs a diesel, it's a "real" Jeep. VW is showing that there's still a healthy market for passenger cars with diesel engines even with the additional costs of advanced emission controls. So maybe it'll actually happen in a Wrangler. I think it would be a hot selling vehicle if they could keep the price competitive with a similarly equipped gas engine model.
^True about selling more Liberty CRDs then Chrysler expected. I test drove one and a TJ Wrangler, and they felt a lot a like in torque. I almost bought the CRD, but my wife already drove a V6 Liberty, so I went with the TJ. I just wish we didn't already have a Liberty as the CRD was fun!
Nice photo of the La Sals While the Liberty CRD has impressive numbers and performance to match, the fuel injectors on the euro-diesel are easily rendered useless on a bad batch of fuel and cost 1K each. If it's not a very well supported and reliable engine, no thank you.
"Sergio Marchionne has revealed that Chrysler has $5.7B in cash, up from $4B when it exited bankruptcy in June." I am a working, but financially struggling, entity. If some one dropped a wad of cash in my lap, then disolved all my debt (which is primarily mortgatge) in one months time, I could work at McDonalds and my improve my cash situation in 3 months time. So why the hell is this news? Why is it positive?