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 has announced a recall for certain 2002-2003 Jeep Liberty and 2002-2004 Jeep Grand Cherokee SUV vehicles for airbags that could deploy unexpectedly. According to Chrysler, a component in the airbag control module could be a lemon, causing the front airbags, side curtain airbags, and/or seat belt pretensioners to deploy unexpectedly while the vehicle is being operated. Continue reading

Chrysler will be contacting owners of certain 2009-2010 Dodge Ram 1500 and 2009-2010 Dodge Dakota trucks about a problem with the rear axle pinion nut. Because of a lack of adhesive, the nut could loosen resulting in the rear axle locking up. If this happens while the vehicle is being driven the driver will experience a loss of control, increasing the chance of an accident. Chrysler will be contacting owners starting in November and dealers will secure the nut by installing a pinion nut retainer. For more information about the problem, owners may contact Chrysler at 1-800-247-9753.

According to a 2012 Strategic Vision (SV) survey, consumer’s rate Volkswagen and Ford as having the highest quality ratings of all 2011 vehicles surveyed. The difference between Strategic Vision’s survey as compared to J.D. Power’s Quality Reports, done earlier this year, is that Strategic Vision uses what it calls the “Total Quality Index” (TQI). TQI not only rates vehicles by consumer complaints, but also takes into consideration the customer buying experience, vehicle performance and all around customer satisfaction. Strategic Vision has been working directly with automotive consumers since 1995, as well as maintains relationships with all major automotive manufacturers. This allows them to report on all aspects of the new car buyer’s experience.

This year’s survey questioned almost 40,000 people who bought model year 2011 vehicles between September and December 2010. Volkswagen came in first, mostly due to the success of the Golf, Jetta, and Tiguan. Despite complaints about about Fords infotainment systems; strong designs, technological innovations, and brand equity in the Mustang, Flex and F-Series trucks, gave Ford a second place. The biggest surprise came from the most improved corporation, Chrysler Group, who’s Dodge Charger and redesigned Jeep Grand Cherokee excelled in innovation, influencing the perceptions of quality. Even though Toyota vehicles were reported to have the lowest actual problems, there were no Toyota vehicles in the top of the list. With all automobile manufacturers running the tightest “quality race” ever, customers are increasingly defining “quality” by using the Total Quality Index.

Chrysler will be contacting approximately 1,500 owners of certain 2013 Dodge Durango sport utility vehicles (SUV) about a possible problem with their vehicles supplemental side curtain air bags. According to the report filed with the National Highway Traffic Safety Administration (NHTSA), certain vehicles may have been manufactured with the incorrect airbag occupant restraint control (ORC) module. The incorrect module could result in the vehicles supplemental side curtain airbags not deploying properly if the vehicle is hit from the side or to the rear of the second row seat. Chrysler will be contacting owners, starting next month, and will correct the problem by replacing the the ORC module free of charge. Owners wanting more information on the problem can contact Chrysler at 1-800-853-1403.