Chrysler is reluctantly preparing for an initial public offering (IPO) of shares owned by the United Auto Workers (UAW) trust after failing to reach an agreement on the value of the stock with the trust. Chrysler shares haven’t been publicly traded since 1998, when the company merged with Daimler AG who is now a majority owner of Italian automaker Fiat SpA. Continue reading

Chrysler will be recalling an estimated 442,000 Chrysler, Dodge, and Jeep vehicles due to an electrical problem in the occupant restraint circuitry. Because of an electrical overstress condition in a resistor within the occupant restraint control module, some vehicles may illuminate an airbag warning lamp that could cause the active head restraints to not deploy in certain rear impact collisions. Non deployment of the active head restraints during a rear impact collision could increase the risk of injury to occupants. Continue reading

Owners of certain 2006 – 2008 Chrysler, Dodge, or Jeep vehicles may not have any Basic Limited Warranty left on their vehicles, but in July, 2007, at the expiration of the 3 year/36,000 mile Basic Limited Warranty, Chrysler Motors LLC offered owners an extended Lifetime Powertrain Limited Warranty. The warranty covers the engine, transmission, and drive systems, which are costly repairs, but are also the parts least likely to break. Continue reading