The Car and Truck Fleet and Leasing Management Magazine

Chrysler to Drop New Sedan, Cites Fuel Curb-Report

August 27, 2007

The Chrysler Group is abandoning a plan to build a new luxury sedan, citing fuel regulations currently on the table in Washington that could push U.S. automakers to increase vehicle fuel mileage, the New York Times reported.

Chrysler is the first carmaker to announce a change in production plans related to the push in Congress to require that vehicles sold in the U.S. consume less gasoline, the Times report said.

A Chrysler spokesperson told the Times the environment was no longer favorable for a luxury Imperial model.

"We decided in an era of $3 gas and more regulations headed this way that it didn't amount to a good business case — a profitable business case," Ed Saenz said, adding that the decision was reached by the automaker three weeks ago and was not related to the group's impending sale to Cerberus Capital Management.

Twitter Facebook Google+

Comments

Please note that comments may be moderated. 
Leave this field empty:
 
 

Fleet Incentives

Determine the actual cost of owning and running a vehicle in your fleet. Compare vehicles by class and model.

FleetFAQ

Fleet Tracking And Telematics

Todd Ewing from Fleetmatics will answer your questions and challenges

View All

 

Fleet Management And Leasing

Merchants Experts will answer your questions and challenges

View All

 

Sponsored by

Universal fleet cards offer fleets optimized fuel data management and give broad station access. A universal fuel card usually is used only for fuel; however, in recent years, controls have been added to allow use at repair shops for a limited number of repairs or limited dollar amount.

Read more

Up Next

More From The World's Largest Fleet Publisher