Chrysler 2011 Annual Report Download - page 39

38 Report on
Operations
Key Events
in 2011
Launch of the Fiat Freemont.
Chrysler elevates its Street and Racing Technology (SRT®) team to
a distinct performance brand. SRT designs, engineers and builds
benchmark American high-performance models for Chrysler, Jeep
and Dodge.
The 2011 Chrysler Town & Country and Dodge Challenger rank
highest in the minivan and mid-size sport car segments, respectively,
in the J.D. Power and Associates 2011 U.S. Initial Quality StudySM.
July
Issue of €900 million bond (6.125%, due 2014) and €600 million
bond (7.375%, due 2018) by Fiat Finance and Trade Ltd. S.A. (a
wholly-owned subsidiary of Fiat S.p.A.) under the Global Medium
Term Note program guaranteed by Fiat S.p.A.
On July 21st, following receipt of regulatory approvals, Fiat
purchases U.S. Treasury’s 6% fully-diluted ownership interest in
Chrysler for $500 million. On the same date, the UST assigns Fiat
its rights under the Equity Recapture Agreement for consideration of
$75 million. Fiat also purchases the Canadian government’s 1.5%
fully-diluted ownership interest in Chrysler for $125 million.
An historic milestone for the Fiat Panda as the 2 millionth vehicle rolls
off the production line in Tychy, Poland. Fiat 500 receives the “ADI
Compasso d’Oro”.
September
Fiat launches 3rd generation Panda at the
Frankfurt Motor Show. The new model is
offered with 4 engines (85 hp 0.9 TwinAir
turbo, 65 hp 0.9 TwinAir, 69 hp 1.2 Fire
and 75 hp 1.3 MultiJet II), 3 trim packages
and other options providing more than 600
different combinations. Also unveiled in
Frankfurt is the new All-Wheel Drive Freemont
offered with two engines (170 hp 2.0 MultiJet
II diesel and 280 hp 3.6 V6 gasoline) and
automatic transmission.
September
Lancia showcases the Thema and Voyager at
the Frankfurt Motor Show (the first 2 models
resulting from its partnership with Chrysler).
The Thema is offered with 3 trim packages
and 3 engines (286 hp 3.6 V6 gasoline with
8-speed automatic transmission and a 190
hp & 239 hp 3.0 V6 diesel). The new Voyager
comes with a 283 hp 3.6 V6 gasoline with
6-speed automatic transmission and a 163
hp 2.8 diesel.
September
Ferrari premieres the 458 Spider at the
Frankfurt Motor Show, the marque’s first ever
mid-rear engined 8-cylinder with an innovative
folding aluminum hard-top.