raise Archives | AutoDepot

Filed under: Government/Legal, Safety, Autoline on Autoblog

Ever since automobiles first appeared over 100 years ago, every automaker has tried to make them go faster. And they succeeded. Nearly every year, cars became more powerful with higher top-end speeds. But then, in the mid-1950s, we hit a plateau. The national speed limit was set at 70 miles per hour, and we’ve been stuck at that rate ever since. As a result, the automobile has made absolutely no progress as a transportation device in over half a century.

Speed itself is not a safety hazard. It’s the difference in speeds between cars that lead to accidents.

Actually, in 1974, it got worse. The national speed limit was lowered to 55 mph, ostensibly to save fuel and lives (it did neither). Such an agonizingly slow rate of travel proved too much to take for most Americans. We demanded that the limit be raised, and we got it back to 70 mph. Now it’s time to demand another raise.

I’m not talking about some sort of modest increase to, say, 85 mph. We need to put a comprehensive plan in place to gradually move the limit up, over the next couple of decades, to 150 miles an hour. And we need to do that with no sacrifice in fuel economy or safety.

Continue reading Opinion: Time to raise the speed limit, how does 150 MPH sound?…

[Image: Getty]

Continue reading Opinion: Time to raise the speed limit, how does 150 MPH sound?

Opinion: Time to raise the speed limit, how does 150 MPH sound? originally appeared on Autoblog on Mon, 11 Apr 2011 17:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments

Continue reading “Opinion: Time to raise the speed limit, how does 150 MPH sound?”

Filed under: Etc., Chrysler, Earnings/Financials, Fiat

Sergio Marchionne, CEO of Fiat and Chrysler, has reportedly indicated that the Italian automaker is interested in raising its stake in the Auburn Hills automaker. Currently, Fiat owns 20 percent of Chrysler and it wants to raise that figure to 35 percent by the end of 2011. Fiat has had a strong third quarter, earning around $236 million.

According to the Detroit Free Press, in order to increase its ownership stake by 15 percent, Fiat has to hit three specific targets that are worth five percent apiece. The first goal is to launch the 1.4-liter MultiAir engine being built at Chrysler’s plant in Dundee, Michigan. That engine is slated to go into the upcoming Fiat 500.

Second on the task list is for Chrysler to produce a car that achieves 40 miles per gallon. Marchionne believes this vehicle will enter production towards the end of 2011. It will be a compact hatchback branded as a Dodge.

The final five percent will be earned when Chrysler increases its sales outside of the US. Specifically, it will focus sales efforts to increase volume in South America. Per Marchionne, this last objective will prove the most difficult because of the way Brazil regulates its dealer networks. In fact, Fiat is looking for alternative ways to earn the final five percent stake it seeks from Chrysler.

Thirty-five percent is a hefty piece of the Chrysler pie, but much more can be made available in the not-too-distant future. Once Chrysler is able to repay both the Canadian and U.S. governments for the $8 billion in loans it received, the Italian automaker will be able to raise its stake to 51 percent.

[Source: Detroit Free Press | Image: Massimo Pinca/AP]

Fiat reportedly set to raise stake in Chrysler originally appeared on Autoblog on Fri, 22 Oct 2010 16:41:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments

Continue reading “Fiat reportedly set to raise stake in Chrysler”