Chrysler Financial which is owned by Cerberus Capital Management has just announced that it will cut of about 12 percent of its 3,000-strong workforce. That will be around 360 workers, the lay off will made from the company’s Farmington Hills, Michigan, headquarters and its field offices scattered across the United States.

“Chrysler Financial continues to offer dealership insurance and consumer retail financing products and is focused on servicing and collecting its ongoing loan portfolio of approximately $26 billion,” Chrysler Financial said in the statement released to the media.

Cerberus owns more than 80 percent of Chrysler’s car producing operations; it also owns Chrysler Financial and GMAC Financial Services which was formerly owned…

It has been reported that Chrysler will offer jobs in Michigan to its workers at a plant in Twinsburg, Ohio, as it closes that facility. The American car maker will create new jobs at its Sterling Heights and Warren, Michigan, stamping plants as it revise the unpopular Chrysler Sebring and Dodge Avenger.

The Twinsburg stamping plant is the plant that makes body panels for Chryslers minivans will be closing later this year. The worker of the plant received some good news when the union officials confirmed that most workers could be transferred to the automaker’s Sterling Heights and Warren, Michigan, plants. Sterling Heights would get most of the new workers.

Still, the…

After revealing the redesigned versions of the 2011 300, Dodge Charger, and Jeep Grand Cherokee, Chrysler has also confirmed that it will do five other major ‘facelifts’ of key vehicles in its lineup.  These changes are all part of Fiat CEO Sergio Marchionne five year strategy plan for the brand.

The vehicles nominated for redesign are the Dodge CaliberYour browser may not support display of this image. , Jeep Compass, Jeep Patriot, ChryslerYour browser may not support display of this image. Town & Country, and Dodge Caravan, according to the Detroit Free Press. According to Fiat they are hoping that the redesigned cars will be ready for production within 18 months.…

As we have previously reported, Fiat has a new master plan for the Chrysler Group. The plan includes making Dodge into a sports car brand and making Chrysler into a Cadillac killer. But the question is how will Dodge’s pickups fit into the sports car lineup? Well according to reports they won’t have to.

Edmunds reported that a proposal is being considered by Fiat, it would see Dodge’s trucks removed from the line up and put into a whole new section called, not surprisingly, Ram. With this move Dodge will be now free of its commercial trucks and will now be able to concentrate on sports cars.

However the company has not…

For 2010 there were a few model changes made by Chrysler, and the changes made were very subtle. And one stylistic modification was almost unnoticed by us. Chrysler’s Sebring sedan and convertible will lose its much talked about creased hood design for 2010. Chrysler has made the hood to a more conventionally flat metal style.

Even if the Sebring is one of the slowest sellers in its class, Chrysler didn’t make a lot of changes to the car except some minor revisions to the gauges and some changes in the options.

The original hood of the Sebring has been shared at least in concept with the other Chrysler model the Crossfire, so…