Dodge and Mitsubishi to Share Neon Platform | [MERGED]
Newbie
Joined: Sep 2005
Posts: 37
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From: Fremont
Originally Posted by psycho 4 life
for those of you that think they are going to share same platform this was in the newspaper today and on the news yesterday
FRANKFURT, Germany - The automaker DaimlerChrysler AG said Friday it has sold its remaining 12.4 percent stake in Japan's Mitsubishi Motors Corp. to the U.S. investment firm Goldman Sachs Group Inc. The purchase price wasn't disclosed.
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But DaimlerChrysler said the sale would boost its revenue for 2005 by some 500 million euros ($588 million).
The German-American car maker once held 37 percent of Mitsubishi Motors as part of its goal to become a global auto powerhouse, but in 2004 the company decided against pumping more money into the troubled Japanese automaker.
As a result of the deal, Goldman Sachs now becomes Mitsubishi Motors' largest shareholder with a 13.4 percent stake. Before the latest share transaction, DaimlerChrysler was Mitsubishi Motors' fourth-largest shareholder.
Mitsubishi Motors, Japan's fourth-biggest carmaker, has seen its sales in Japan plunge after acknowledging five years ago that it had systematically hidden auto defects for more than two decades to avoid recalls.
Mitsubishi Motors, also known as MMC, said current cooperation projects with DaimlerChrysler would not be affected by the share sale.
The two carmakers jointly develop and produce engines and share use of vehicle architecture. They also jointly produce passenger cars, sport utility vehicles and pickup trucks in Europe, North America, China and South Africa.
"MMC will maintain the relationship with DaimlerChrysler as business partners where both parties continue working on individual alliance projects that are mutually beneficial," the company said.
On Friday, Rudiger Grube resigned from his position on the board of directors of Mitsubishi Motors. The company gave no immediate reason.
Shares of DaimlerChrysler gained 1.8 percent to 42.72 euros ($50.25) in Frankfurt trading.
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FRANKFURT, Germany - The automaker DaimlerChrysler AG said Friday it has sold its remaining 12.4 percent stake in Japan's Mitsubishi Motors Corp. to the U.S. investment firm Goldman Sachs Group Inc. The purchase price wasn't disclosed.
ADVERTISEMENT
But DaimlerChrysler said the sale would boost its revenue for 2005 by some 500 million euros ($588 million).
The German-American car maker once held 37 percent of Mitsubishi Motors as part of its goal to become a global auto powerhouse, but in 2004 the company decided against pumping more money into the troubled Japanese automaker.
As a result of the deal, Goldman Sachs now becomes Mitsubishi Motors' largest shareholder with a 13.4 percent stake. Before the latest share transaction, DaimlerChrysler was Mitsubishi Motors' fourth-largest shareholder.
Mitsubishi Motors, Japan's fourth-biggest carmaker, has seen its sales in Japan plunge after acknowledging five years ago that it had systematically hidden auto defects for more than two decades to avoid recalls.
Mitsubishi Motors, also known as MMC, said current cooperation projects with DaimlerChrysler would not be affected by the share sale.
The two carmakers jointly develop and produce engines and share use of vehicle architecture. They also jointly produce passenger cars, sport utility vehicles and pickup trucks in Europe, North America, China and South Africa.
"MMC will maintain the relationship with DaimlerChrysler as business partners where both parties continue working on individual alliance projects that are mutually beneficial," the company said.
On Friday, Rudiger Grube resigned from his position on the board of directors of Mitsubishi Motors. The company gave no immediate reason.
Shares of DaimlerChrysler gained 1.8 percent to 42.72 euros ($50.25) in Frankfurt trading.
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major diss to MMC right there
I wouldent buy a dodge product either. I dont like any thing they have built and they cant build an automatic trans to save their lives. they are useing mb trans now because of that. the biggest mistake benz ever did was takeing over chrysler. vipers are like vettes to me, if you gave me one I would sell it for the dough to be put torwards better use. like paying off my evo and my next 10 mortgage payments
some of dodge/chryslers new hot models use a signifgant amount of mb chassis designs if not reskining of mb models like the crossfire is the old slk
sorry if I came off as a hater, i just hate chrysler
some of dodge/chryslers new hot models use a signifgant amount of mb chassis designs if not reskining of mb models like the crossfire is the old slk
sorry if I came off as a hater, i just hate chrysler
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Joined: Jul 2003
Posts: 57
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From: Orange County, CA
Originally Posted by GngrbrdMR276
you'll be shaking hands with a 25% GM owned company, fuji heavy industries sold out to the americans too. And I doubt it will be a dodge evo it wil probably be a awd srt-4 of sorts with the evo for mitsubishi as its sister car
http://www.consumeraffairs.com/news0...yota_saab.html
Thread Starter
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Joined: Aug 2001
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FYI
2007 Dodge Caliber SRT-4 @ 2006 Chicago Show
2007 Dodge Caliber SRT-4 @ 2006 Chicago Show
Simon Elliott, Managing Director of Chrysler Group said: "The SRT-4 has been developed by Chrysler Group’s ‘Street Race Technology’ performance division. All SRT vehicles feature unique exterior details, lowered sports suspension, sports interior and a powerful engine - the all-new 2.4-litre turbocharged engine boasts a tyre-smoking 300 horsepower to deliver a level of power you’d expect from a V8!"
The SRT-4 is a performance version of the Dodge Caliber and offers 260 lb. ft. of torque from a 2.4-litre turbocharged engine to reach 0-60 mph in less than 6 seconds.
The SRT-4 is a performance version of the Dodge Caliber and offers 260 lb. ft. of torque from a 2.4-litre turbocharged engine to reach 0-60 mph in less than 6 seconds.
Evolved Member
Joined: Mar 2002
Posts: 4,312
Likes: 3
From: Birmingham, AL
A wagon? Hahaha... that's failure before it even launches...
List of wagons that have FAILED in the sport compact market:
- PT Cruiser - only old people buy this ****
- Mazda MP5 Protege
- Toyota Matrix / Pontiac Vibe
- Chevy HHR - yeah, it's just been released but the same crowd that bought the PT Cruiser is gonna buy this piece of shiet
Chalk up this new SRT-4 as a failure in the making.
List of wagons that have FAILED in the sport compact market:
- PT Cruiser - only old people buy this ****
- Mazda MP5 Protege
- Toyota Matrix / Pontiac Vibe
- Chevy HHR - yeah, it's just been released but the same crowd that bought the PT Cruiser is gonna buy this piece of shiet
Chalk up this new SRT-4 as a failure in the making.
Originally Posted by evo77
Caliber SRT-4 = The uber hideous. It looks like a Durango, Pontiac Vibe, and a Chevy Malibu Maxx wagon all got into a collision and everyone died. That's the ugliest new car I've seen in awhile. I miss the Neon already.
If Dodge thinks this is on the pulse of young buyers, they've completely lost touch with reality.
Evolved Member
Joined: Sep 2003
Posts: 562
Likes: 0
From: Zion, IL
Originally Posted by PurgeIt
A wagon? Hahaha... that's failure before it even launches...
List of wagons that have FAILED in the sport compact market:
- PT Cruiser - only old people buy this ****
- Mazda MP5 Protege
- Toyota Matrix / Pontiac Vibe
- Chevy HHR - yeah, it's just been released but the same crowd that bought the PT Cruiser is gonna buy this piece of shiet
Chalk up this new SRT-4 as a failure in the making.
List of wagons that have FAILED in the sport compact market:
- PT Cruiser - only old people buy this ****
- Mazda MP5 Protege
- Toyota Matrix / Pontiac Vibe
- Chevy HHR - yeah, it's just been released but the same crowd that bought the PT Cruiser is gonna buy this piece of shiet
Chalk up this new SRT-4 as a failure in the making.
And what did people say when the Neon SRT-4 came out? "Nobody is gonna want to buy a Neon even if it has a turbo...". And yet 25,000 were sold on a LIMITED edition vehicle.
This thing has 300 hp and will have the capability to double that number on the stock block. Not to mention the Mopar staged turbo upgrades which will make this thing rip even harder.
I agree, the exterior of the Caliber leaves one to be desired however that SRT nameplate is what will make this baby sell like hot cakes! Mark my words!
Evolved Member
Joined: Mar 2002
Posts: 4,312
Likes: 3
From: Birmingham, AL
Originally Posted by evo77
I agree, the exterior of the Caliber leaves one to be desired however that SRT nameplate is what will make this baby sell like hot cakes! Mark my words!
Evolved Member
Joined: Sep 2003
Posts: 562
Likes: 0
From: Zion, IL
Originally Posted by GPTourer
I thought even the SRT-4 people had disowned this vehicle and turned their backs on it. They already have a PT Cruiser Turbo, I didn't think they were that big a success, but who knows, this has a different look to it. Maybe they will work out better then the Vibe/Matrix did.
But the thing is, Dodge isn't aiming this car towards those that currently own a srt-4 because well... they already own a srt product. Their aiming it at the segment of consumers that didn't buy the neon srt-4 and are looking for something a little different (you know... the crowd that just wouldn't dare be seen driving a neon... ).Personally I don't think it looks all that bad.