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Thursday 28 February 2013

Official USPS Muscle Cars stamps coming to a mailbox near you

Official USPS Muscle Cars stamps coming to a mailbox near you As much as our digital lives have cut down on our trips to the post office, there are still times that sending "snail mail" is necessary. With us car lovers in mind and philately in their hearts, the good folks at the United States Postal Service will introduce a new stamp design called "Muscle Cars" starting on February 22.

Official USPS Muscle Cars stamps coming to a mailbox near you

Official USPS Muscle Cars stamps coming to a mailbox near you

Official USPS Muscle Cars stamps coming to a mailbox near you

Designed by artist Tom Fritz, the new collection of stamps consist of five classic muscle cars: 1969 Dodge Charger Daytona, 1970 Chevrolet Chevelle SS, 1967 Shelby GT-500, 1966 Pontiac GTO and 1970 Plymouth Hemi 'Cuda. In addition to just the stamps, the USPS is also commemorating the new series with plenty of collectable memorabilia. Previous car-related stamps include 50s Sporty Cars from 2005 and 50s Fins and Chrome from 2008.

Official USPS Muscle Cars stamps coming to a mailbox near you

Chrysler earns $1.7B in 2012, revises product plans for US

Chrysler earns $1.7B in 2012, revises product plans for US Hot on the heels of Ford's earnings announcement for the year that was, Chrysler today reported a 2012 net income of $1.7 billion, up substantially from the comparatively minuscule $183 million profit earned in 2011 when it repaid its US government loans.

Chrysler earns $1.7B in 2012, revises product plans for US

Chrysler's good year ended with an excellent fourth quarter that saw net income rise 68 percent from $225 million in 2011 to $378 million. Where are all those extra earnings coming from? Market share, which Chrysler saw increase to 11.4% last year on sales of 1.65 million vehicles. In fact, the Auburn Hills, MI-based automaker out-paced the industry's market growth of 13 percent last year with sales up 21 percent for the year.

The company also revealed an updated product plan for its Chrysler Group and Fiat brands that looks all the way out to 2016. It's an updated version of the plan introduced in 2009 shortly after Fiat took control of the American automaker, and includes such new additions as an Alfa Romeo model, likely the 4C, to be introduced in the US this year, as well five more Alfa models by 2016. Likewise, Fiat will be growing by an additional seven models in the coming few years.

Chrysler earns $1.7B in 2012, revises product plans for US

As for the Chrysler Group's brands, many new models and refreshes are being delayed a year or two, including a Ram-badged version of the Fiat's small commercial van, a small Fiat-built Jeep and the return of the seven-seat Grand Wagoneer. A number of vehicles from Dodge, however, are getting surprise refreshes this year and next, and the new Viper looks scheduled for an update in 2015.Chrysler earns $1.7B in 2012, revises product plans for US

Jeep follows up Super Bowl spot with call to help the USO

Jeep follows up Super Bowl spot with call to help the USO Once again, Chrysler had one of the most talked about Super Bowl commercials with its two-minute Whole Again Jeep spot, which was used to highlight its Operation SAFE Return program for US military personnel returning home from active duty. As part of this campaign, Jeep announced today that it will be donating up to $300,000 to the United Services Organizations (USO), and you can help.

Jeep follows up Super Bowl spot with call to help the USO

Jeep follows up Super Bowl spot with call to help the USO

Jeep follows up Super Bowl spot with call to help the USO grill

Jeep follows up Super Bowl spot with call to help the USO

Jeep follows up Super Bowl spot with call to help the USO headlight

Jeep follows up Super Bowl spot with call to help the USO

Simply tweet using the joinOSR hashtag on Twitter, visit the Yahoo! homepage or go to the Jeep Operation SAFE Return website, and Jeep will donate $1 to a fund that provides returning troops things like employment assistance and incentives to buy new vehicles. Jeep is also donating to this charity to the tune of $250 for each Jeep Wrangler and Wrangler Unlimited (including the Freedom Edition model) and Jeep Patriot Freedom Edition model sold.Jeep follows up Super Bowl spot with call to help the USO

2013 Dodge Dart gets all Moparized

2013 Dodge Dart gets all Moparized Last year, Chrysler announced it would be offering more than 150 Mopar parts and accessories on the 2013 Dodge Dart, and we got a look at some of these parts firsthand at the Chicago Auto Show. Showing off all the optional parts at once would surely create a gaudy monstrosity, so Chrysler chose to equip this particular Dart GT with just a handful of Mopar goodies, which still gave the car a nice and tasteful custom look that is available straight from the dealership (and with a full warranty, too).

2013 Dodge Dart gets all Moparized

2013 Dodge Dart gets all Moparized

2013 Dodge Dart gets all Moparized

2013 Dodge Dart gets all Moparized front view

2013 Dodge Dart gets all Moparized rear view

2013 Dodge Dart gets all Moparized headlight

2013 Dodge Dart gets all Moparized

Decked out in a factory color called Header Orange Clear Coat – also a very appropriate show car hue – this car added exterior styling parts such as the vented, carbon fiber hood, the bolt-on front chin spoiler and a matte black decklid spoiler. Looking inside the car, you'd think the red-accented interior is part of the Mopar parts bin, too, but this is actually what the standard Dart GT cabin will look like when it goes on sale.

2013 Dodge Dart gets all Moparized

Treasury says auto bailout tally drops to $20.3 billion

Treasury says auto bailout tally drops to $20.3 billion The Treasury now owns 19 percent of GM, but if all goes well, there will be no more cause for anyone to utter "Government Motors" by the end of Q1 next year. A loss of some kind is still expected, however. Although GM's stock price is close to $29 at the time of this writing, that's still $4 below its IPO price and well below the $72 share price necessary for the government to come out even on its GM investment. On second thought, maybe the ribbing will continue.

Treasury says auto bailout tally drops to $20.3 billion

In December, the US Treasury announced that it was going to sell all of its shares in General Motors within 12 to 15 months. The first tranche of the 500-million total shares was purchased by GM, which took 200 million of them at $27.50 per share. That price represents an eight-percent premium over the market price at the time. The remaining 300 million shares will be sold "through various means in an orderly fashion."

Treasury says auto bailout tally drops to $20.3 billion

Of the $418 billion disbursed through the Troubled Asset Relief Program (TARP), a report in Automotive News indicates that "about 93 percent" has been paid back, and the latest figures put Treasury's loss from the program overall at $55.58 billion. That's a $4.1 billion improvement on the last figure, when the expected red ink added up to $59.68 billion. The auto industry's portion of that loss is estimated to be $20.3 billion, a 16-percent drop from the earlier estimate of $24.3 billion.

Treasury says auto bailout tally drops to $20.3 billion

Fiat talking with banks about buying rest of Chrysler

Fiat talking with banks about buying rest of Chrysler All that stands in the way of Fiat's total ownership of Chrysler is a 41.5-percent stake currently held by the United Auto Workers healthcare trust, but according to SFGate.com, Sergio Marchionne is currently trying to raise the capital to complete the acquisition. The article says that a deal could be completed in as soon as 12 months, and the estimate for the remaining stake could cost Fiat SpA around $2.98 billion.

Fiat talking with banks about buying rest of Chrysler

With a goal of completing the deal by the end of 2014, Marchionne is said to be in talks with various banks to help finance some of the deal. According to the report, the banks have indicated a need for a stronger balance sheet, controlled debt and reserve cash.

Fiat talking with banks about buying rest of Chrysler

Two things that don't seem to be on the table to get the deal completed include issuing new shares to raise the capital or selling a stake in Ferrari. Fiat started with a 20 percent share of Chrysler in June 2009, and it raised its stake up to 58.5 percent in January 2012.Fiat talking with banks about buying rest of Chrysler

Chrysler recalling 278,222 trucks and SUVs over bad rear axles

Chrysler recalling 278,222 trucks and SUVs over bad rear axles The official recall will kick off in March, where owners will be able to take their vehicles to dealerships and have a pinion nut retainer installed, free of charge. Scroll down for the official NHTSA bulletin.

Chrysler recalling 278,222 trucks and SUVs over bad rear axles

Chrysler recalling 278,222 trucks and SUVs over bad rear axles

Chrysler recalling 278,222 trucks and SUVs over bad rear axles

Chrysler has issued a recall of 278,222 light trucks and sport utility vehicles here in the United States. The reason: bad rear axles. Specifically, according to the National Highway Traffic Safety Administration, the rear axle pinion nut may lack a necessary adhesive patch, which could cause the nut to loosen. If this happens, the axle can lock up, which could cause all sorts of havoc on the road.

Chrysler recalling 278,222 trucks and SUVs over bad rear axles

This is an expansion of the rear axle recall announced in October of last year, where 44,300 Ram 1500 and Dodge Dakota models were being called in. At that time, 12 accidents had been reported due to the faulty axle pinion nut.

Affected vehicles include Ram 1500 trucks from the 2009 to 2012 model years, Dodge Dakota models from the 2009 to 2011 model years, and both the Chrysler Aspen and Dodge Durango SUV twins, both from the 2009 model year only.Chrysler recalling 278,222 trucks and SUVs over bad rear axles