1970 Chrysler Newport Base Hardtop 4-door 6.3l on 2040-cars
Dickinson, North Dakota, United States
In an era when muscle cars dominated sales, advertising and speed records, this was Chrysler's full-size powerhouse. Chrysler focused on the full-size luxury market, beginning with its bread-and-butter nameplate, the Newport. Completely redesigned, the Newport was one of the few automotive lines that ushered in the 1969 model year with fresh styling. Clean lines, affordable pricing and longer, wider bodies for increased comfort--capped off by a trio of big-block V-8 engines--resulted in 111,499 Newports sold in the first year, effectively assisting in keeping the Chrysler marque ahead of Cadillac and Lincoln in sales. Despite having been redesigned for the 1969 model year, each Newport continued to use the basic 124-inch wheelbase unit-body from previous model years.Over 40 years later, these family-man leviathans are still overshadowed by their powerful mid-size cousins. That's good news for those looking to enter the hobby on a tight budget, because the entry fee for Mopar power seems like a bargain when you stop to consider that the Newport could contain the same engine as a desirable GTX or Road Runner, available today at a fraction of the price of one of those highly sought models. Here are a few facts to consider before embarking on a search for a Newport of your own.ENGINES The standard engine for Chrysler's entry-level luxury car was a 383-cu.in. V-8 that produced 290hp and 380-lbs.ft. of torque with a 9.2:1 compression ratio and a two-barrel carburetor. Other visual cues when identifying this engine today include a single-outlet exhaust system and a single-snorkel air cleaner assembly. For 1970, compression was reduced to 8.7, although factory power ratings remained unchanged. This car was manufactured in the month of September year 1969. TRANSMISSIONS REAR AXLE This is a great car and will give someone years of road cruising pleasure. Overall the car is in good condition, the floor pans are all solid as well as the door jams and the overall body of the car. Light rust is all that is visible and the car is sound and solid.
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Detroit automakers gain market share simultaneously for first time in 20 years
Wed, 01 May 2013While monthly sales figures might be an easy way of tracking the progression of the auto industry and individual automakers, looking at market share might be more indicative of how each company is actually standing up against its competitors. For the Detroit Three automakers, they have collectively lost almost 30 percent of the market over the last 20 years, but now, for the first time since 1993, Ford, General Motors and Chrysler have each posted market share gains at the same time.
According to Automotive News, Ford's share increased the most by 0.7 percent, GM was up 0.5 percent and Chrysler rose marginally by 0.2 percent, giving the Detroit automakers a total market share of 45.6 percent. As for the Japan's Big Three, the article reports that Toyota is up by 0.7 percent, Nissan is down the same amount and Honda has seen "little change."
Marchionne to take his sweater and go home after 2018
Wed, 08 Oct 2014The end is in sight for Fiat Chrysler boss Sergio Marchionne, who confirmed in an interview with Bloomberg that once FCA's sweeping five-year plan is completed, he'd be stepping down from his post to "undoubtedly" do something else that didn't involve turning around global corporations. That would mean he should finish up after 2018 if all goes according to plan.
"It's as important to walk away from the table as it is to sit down," Marchionne told Bloomberg.
Marchionne has been at Fiat since June of 2004 and is one of the chief architects behind the Italian company's acquisition of Chrysler. Despite his successes, he does sound quite ready to move beyond the auto industry, rhetorically asking his Bloomberg interviewers if there "are other things I like to do apart from this?"
Chrysler files for IPO
Tue, 24 Sep 2013Chrysler has had a lot of owners over the past few years alone, from Daimler to Cerberus to Fiat and the federal government. But it could be poised to gain some more before long. Like, a lot more.
The automaker has just announced that it has filed with the US Securities and Exchange Commission to issue an Initial Public Offering of common stocks. Chrysler hasn't revealed how many shares will be offered and at what price, however the shares in question will not come out of Fiat's approximate 60% majority shareholding but instead out of the 40% minority stock held by the UAW's VEBA retiree healthcare trust. Reports suggest that the IPO, which is being handled by JP Morgan, could encompass approximately 16% of Chrysler stock, initially valued at approximately $100 million.
Lest you think this is all part of Sergio Marchionne's grand plan to consolidate Chrysler and Fiat, the two auto groups over which he presides, think again. The filing, which still needs to be approved by the SEC, comes at the insistence of the UAW. Negotiations between Marchionne's management team and the union over Fiat's acquisition of the VEBA shares have stalled. If they manage to come to an agreement, however, the IPO would likely be taken off the table. So don't go calling your broker just yet, but you can analyze the official announcement below.