About the 2006 Chrysler Pacifica

The Chrysler Pacifica was a mid-size crossover introduced in 2004 to take advantage of the new CUV market. It competed with other crossovers like the Nissan Murano and was developed remarkably quickly. Unfortunately, the quick development of the Pacifica may have added to significant reliability issues, fuel economy problems, and relatively poor consumer ratings, and the Pacifica was phased out in 2008.

Assembled in Windsor, Ontario, the Pacifica was developed by Chrysler-DaimlerBenz and initially had a 3.5-liter 250 horsepower V6 with a 3,500 pound towing capacity, five seats, and a four-speed automatic transmission. Later models had upgraded engines. The 2008 model, for instance, had a 4.0-liter 253 horsepower V6. Fuel economy on the Pacifica was generally poor, hovering around 14 mpg in the city and 22 mpg on the highway. Both forward and all-wheel drive were available.

When the Pacifica was introduced, it was based on the aforementioned burgeoning crossover market and a concept minivan, also called Pacifica, that Chrysler had shown in 1999. The Chrysler-DamlerBenz development team created a fairly large vehicle that married a minivan interior to SUV control. However, there were issues; Chrysler overestimated sales of the Pacifica, which fell with later models. A poor fuel economy and generally poor reliability may have hurt the vehicle's reputation. It also carried a fairly high price tag. Ultimately, the Pacifica didn't meet the expectations of either consumers or Chrysler-DaimlerBenz and may have even contributed to the dissolution of the two car companies' brands.

Several trim options were available with the Pacifica, including the Touring edition, Limited edition, and a final Signature series. The Signature series had a sunroof, built-in GPS, and a DVD player, while the touring edition was popular for its extra seating and a luxury interior. Every model was available in front-wheel and four-wheel drive and all came with built-in CD players. Options included heated seats, leather, and an exterior rack.

The Pacifica was notable for its luxurious interior and its blend of minivan and SUV features. However, fuel economy issues and an underpowered engine plagued early versions of the Pacifica, as did the aforementioned reliability issues. The 2007 and 2008 models are generally considered to be the best of the series, as the 3.8-liter V6 and optional 4.0-liter SOHC V6 helped to overcome many of earlier models' flaws. The Pacifica was an especially safe vehicle. The IIHS awarded the 2007 a five star front and side crash rating and a Best Pick" award in frontal collisions

Safety:

In 2006 the Chrysler Pacifica won an award from the Insurance Institute for Highway Safety as the “best pick frontal”. In 2007, the Pacifica won a five star front and side crash test rating. The Pacifica received this award for being equipped with traction control, four wheel disc brakes with anti-lock braking system, all-row side curtain air bags, Electronic Stability Program, and tire pressure monitoring system.

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Fiat shareholders green-light Chrysler merger, end of an Italian era

Fri, 01 Aug 2014

Fiat has just taken a major step away from its Italian heritage, as shareholders officially approved the company's merger with Chrysler. That move will lead to the formation of Fiat Chrysler Automobiles NV, a Dutch company based in Great Britain and listed on the New York Stock Exchange, according to Automotive News Europe.
The company captured the two-thirds majority at a special shareholders meeting, although there are still a few situations that could defeat the movement. According to ANE, roughly eight percent of shareholders opposed the merger, which is a group large enough to defeat the plan, should they all exercise their exit rights outlined in the merger conditions.
Meanwhile, Fiat Chairman John Elkann (pictured above, right, with CEO Sergio Marchionne and Ferrari Chairman Luca Cordero di Montezemolo), the great-great-grandson of Fiat founder Giovanni Agnelli, reaffirmed his family's commitment to the company beyond the merger. Exor, the Agnelli family's holding company, still maintains a 30-percent stake in Fiat.

Merged Fiat-Chrysler HQ will be in London

Fri, 09 May 2014

You won't be seeing Sergio Marchionne in his famous sweaters running day-to-day operations of Fiat Chrysler Automobiles from Michigan. Although, he won't be doing it from Italy, either. The FCA CEO recently announced that the company's corporate headquarters would be located in London.
"Headquarters will be in London. It's clear that group executive functions, the board, my office, some of my functions, need to operate out of London, but that doesn't mean that I'm giving up my operational responsibilities of the US," said Marchionne to Automotive News at a press conference.
When the creation of FCA was announced, the company said its tax domicile would be in the United Kingdom. But it gave no specific location at that time. The business is still keeping most of the details under wraps.

Fiat stock rockets up after word of Chrysler deal

Thu, 02 Jan 2014

Now that Fiat has finalized a deal to purchase the outstanding shares of Chrysler owned by the United Auto Workers' VEBA retiree heathcare fund without having to file for an IPO, you can count the Italian automaker's stockholders among the happy. The Detroit News reports that Fiat stock closed Thursday with a 12-percent gain for the day on the Borsa Italiana, having been up by as much as 15.8 percent during the day's trading, at prices not seen since mid-2011. One trader reasoned the run was because Fiat "paid less than the market had expected and there will be no capital increase to fund this."
But there are some who worry, including bank analysts and unions. The final price of the stake will be $4.35 billion - $1.9 billion in cash from Chrysler, $1.75 billion from Fiat and extraordinary dividends in the amount of $700 million paid over three years. Adding that sum to its ledger will raise Fiat's debt level to roughly 10 billion euros ($13.8 billion), which Citibank says will make it the most indebted OEM in Europe.
Italian unions are also concerned about what the deal means for the future. Fiat CEO Sergio Marchionne has had an at-times contentious relationship with both unions and the Italian government over the future of Italian manufacturing, a fact that makes headlines because Fiat is Italy's largest private employer. At least two left-leaning unions have publicly called on Fiat to give guarantees and to explain what the deal means for its Italian operations, while a centrist union argues this is "good news for Fiat workers, for the auto industry and for our country."

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