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Chrysler Group LLC Posts 2Q Operating Profit

Green Car Congress

Chrysler Group LLC posted a second quarter operating profit of $183 million, and a first half 2010 operating profit of $326 million. Although it is holding to its earlier targeted financial metrics for the year, Chrysler said that it might upgrade its guidance for 2010 when announcing Q3 results. Dodge Nitro sales (2,186 units) up 96%.

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Chrysler Disbands ENVI Electric Vehicle Group; Function Absorbed into Traditional Line Organization

Green Car Congress

Reuters reports that Chrysler has disbanded its ENVI team, formed in 2007 to bring electric-drive vehicles and related advanced-propulsion technologies to market. At the North American International Auto Show in January 2009, Chrysler had introduced two new EV concepts and updates on three earlier EV concepts developed by the ENVI group.

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Chrysler LLC Requests $224M from DOE for the Rapid Development and Manufacturing of Electrified Vehicles; Total Investment of $448M

Green Car Congress

A prototype electric minivan for the USPS. Chrysler LLC has submitted three proposals representing a request for $224 million in funding to two US Department of Energy (DOE) initiatives: the Electric Drive Vehicle Battery and Component Manufacturing Initiative and the Transportation Electrification Initiative. Click to enlarge.

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Chrysler Changes Its Mind About EVs

Revenge of the Electric Car

As the race to produce mass market EVs heats up, Chrysler has pulled out of the contest. More details below: Chrysler dismantles electric car plans under Fiat. “As late as August, Chrysler took $70 million in grants from the U.S. Chrysler dismantles electric car plans under Fiat. by Kevin Krolicki, for Reuters.

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Chrysler Readying Roll-out of Pentastar V-6 Engine Across 13 Models; Average 7% Fuel Efficiency Improvement

Green Car Congress

Chrysler Group Pentastar V-6 with VVT. Chrysler has provided additional details on its Pentastar V-6 ( earlier post ), which is slated to be the workhorse engine across 13 models and will eventually replace seven different V-6 engines over the next three years. liter it replaces in the Chrysler 300 application. Click to enlarge.

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ENVI still has a future for Chrysler

Green Cars News

Despite the doom and gloom however, Chrysler insists that its day to day operations won’t be affected and that its green ENVI division will continue. The ENVI sector had plans to produce at least one of its prototypes with the Dodge Circuit EV listed as a 2010 product in the company’s viability plan.

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Will Chrysler deal put more electrics on US roads?

Green Cars News

Just days after we told you that Chrysler’s ENVI division will continue after the company’s bankruptcy, now it appears that the agreement with Fiat could even put more green cars on to US roads. Tags: Chrysler Electric cars Fiat Green cars Latest news Chrysler Fiat deal ENVI.