Sergio Marchionne was an Italian-Canadian businessman known for his turnarounds of the automakers Fiat and Chrysler, his business acumen and his outspoken and frank approach when dealing with unpalatable issues related to his companies and the automotive industry. Marchionne was the chairman of CNH Industrial, the chief executive officer of Fiat Chrysler Automobiles, the chairman and CEO of FCA US LLC, the chairman and CEO of Ferrari, the chairman of Maserati, he was the chairman of Swiss-based SGS and vice chairman of UBS from 2008 to 2010, as well as the chairman of the European Automobile Manufacturers Association for 2012. He was a member of the Peterson Institute for International Economics, the chairman of the Italian branch of the Council for the United States and Italy. Noted for his keen observations of the automotive industry, Marchionne's insights ranged from frank criticism of his company's own products to a highly-regarded 2015 presentation titled Confessions of a Capital Junkie, extolling the benefits of industry consolidation.
Marchionne was recognized for turning around Fiat Group to become one of the fastest growing companies in the auto industry, in less than two years. In 2009, he was instrumental in Fiat Group forming a strategic alliance with the ailing US automaker Chrysler, with the support of the U. S. and Canadian governments and trade unions. Less than two years following its emergence from Chapter 11, Chrysler returned to profitability, repaying all government loans. In 2014, Fiat and Chrysler merged into a new holding company, Fiat Chrysler Automobiles, now the seventh-largest automobile manufacturer in the world. Following complications from surgery, Marchionne resigned from all of his positions in July 2018 and died a few days later; the American business channel CNBC described Marchionne as a "legend of automotive industry", while the British newspaper Financial Times considered him as having been "one of the boldest business leaders of his generation". Marchionne was born in Chieti, Italy, the son of Concezio Marchionne, from Cugnoli, Maria Zuccon from Carnizza near Pula in Istria.
His father served as a Carabiniere in Istria. Marchionne's grandfather, Giacomo Zuccon, was killed in September 1943 by Yugoslav Partisans near Barban in Istria, while his uncle Giuseppe Zuccon was killed by the Nazis the same year. In 1945, when the region was occupied by the Yugoslav army, Marchionne's parents moved to Chieti in Abruzzo, where Sergio was born. At 13, Marchionne emigrated with his family to Toronto, Canada, where they had relatives. Carrying dual Canadian and Italian citizenship, he spoke fluent English and Italian. Marchionne was a Canadian certified general accountant, a fellow of the Certified General Accountants of Ontario. Marchionne attended St. Michael's College School, before completing his undergraduate studies in philosophy at the University of Toronto and earning a bachelor of commerce degree and an MBA from the University of Windsor as well as a law degree from Osgoode Hall Law School of York University, he received an honorary doctorate from Walsh College. From 1983 to 1985, he worked as an tax specialist for Deloitte & Touche in Canada.
From 1985 to 1988, he was Group Controller and Director of Corporate Development at the Lawson Mardon Group in Toronto. In 1989, he moved to Glenex Industries. From 1990 to 1992, he was Chief Financial Officer at Acklands Ltd.. Between 1992 and 1994, he served as Vice President of Legal and Corporate Development and Chief Financial Officer of the Lawson Group, acquired by Alusuisse Lonza in 1994. From 1994 to 2000, he worked at Algroup based in Zurich, where he became Chief Executive Officer in 1997, he took the helm of the Lonza Group in Basel, after its spin-off from Algroup, serving first as Chief Executive Officer and Managing Director and as Chairman. In February 2002, he became Chief Executive Officer and Managing Director of SGS S. A. of Geneva where, in March 2006, he was appointed Chairman. Marchionne was elected as an independent member of the Board of Directors of Fiat S.p. A. in May 2003, until being appointed CEO in 2004. In June 2009, when Chrysler emerged from Chapter 11 bankruptcy protection, Fiat Group received a 20% stake in Chrysler Group LLC and Marchionne was appointed CEO, replacing existing CEO Robert Nardelli.
In February 2011 Marchionne sparked widespread controversy in the U. S. when he remarked at the J. D. Power & Associates International Automotive Roundtable that Chrysler's bail-out loans from the U. S. government carried "shyster rates". Marchionne issued a public apology, stating "I regret the remark and consider it inappropriate" and going on to explain that "As the only parties willing to underwrite the risk associated with Chrysler’s recovery plan, the two governments levied interest rates that, although appropriate at the time, are above current market conditions."In July 2011, following the purchase of the ownership interests held by Canada and the US Treasury, Fiat’s stake in Chrysler increased to 53.5% and in September 2011, Marchionne was elected Chairman of Chrysler. Fiat and Chrysler merged under Marchionne's leadership on August 1, 2014. Following the 2015 Volkswagen emissions scandal, in January 2017, the EPA accused Fiat Chrysler of illegally installing software that allowed excess diesel emissions to go undetected.
Marchionne denied any wrongdoing. Therein he
History of Chrysler
Chrysler, a large automobile manufacturer, was founded in the 1920s and continues today under the formal name FCA US LLC. The history of Chrysler involves engineering innovations, high finance, wide alternations of profits and losses, various mergers and acquisitions, multinationalization. Chrysler was founded by Walter Chrysler on June 6, 1925, when the Maxwell Motor Company was re-organized into the Chrysler Corporation. Walter Chrysler had arrived at the ailing Maxwell-Chalmers company in the early 1920s, having been hired to take over and overhaul the company's troubled operations In late 1923 production of the Chalmers automobile was ended. In January 1924, Walter Chrysler launched an eponymous automobile; the Chrysler 70 was a 6-cylinder automobile, designed to provide customers with an advanced, well-engineered car at a more affordable price than they might expect.. The original 1924 Chrysler included a carburetor air filter, high-compression engine, full pressure lubrication inside the engine, an oil filter, at a time when most autos came without all these features.
Among the innovations in its early years would be the first practical mass-produced four-wheel hydraulic brakes, a system nearly engineered by Chrysler with patents assigned to Lockheed. Chrysler pioneered. Chrysler developed a road wheel with a ridged rim, designed to keep a deflated tire from flying off the wheel; this safety wheel was adopted by the auto industry worldwide. Following the introduction of the Chrysler, the Maxwell marque was dropped after the 1925 model year; the new, lower-priced 4-cylinder Chrysler introduced for 1926 year was a badge-engineered Maxwell. The advanced engineering and testing that went into Chrysler Corporation cars helped to push the company to the second-place position in U. S. sales by 1936, a position it would last hold in 1949. Chrysler 70 Chrysler Touring In 1928, Chrysler Corporation began dividing its vehicle offerings by price class and function; the Plymouth brand was introduced at the low priced end of the market. At the same time, the DeSoto marque was introduced in the medium-price field.
Shortly thereafter, Chrysler bought the Dodge Brothers automobile and truck company and launched the Fargo range of trucks. By the late 1930s, the DeSoto and Dodge divisions would trade places in the corporate hierarchy; this proliferation of marques under Chrysler's umbrella might have been inspired by the similar strategy employed by General Motors. Beginning in 1955, Imperial the top model of the Chrysler brand, became a separate make of its own, in 1960, the Valiant was introduced as a distinct marque. In the U. S. market, Valiant was made a model in the Plymouth line and the DeSoto make was discontinued for 1961. With those exceptions per applicable year and market, Chrysler's range from lowest to highest price from the 1940s through the 1970s was Valiant, Dodge, DeSoto and Imperial. After acquiring AMC in 1987, Chrysler fulfilled one of AMC's conditions of sale by creating the Eagle marque in 1988 to be sold at existing AMC-Jeep dealers; the Eagle brand lasted a decade, being discontinued in 1998, while Plymouth was ended three years later.
By 2001 and as of September 2009, the company had three marques worldwide: Dodge and Chrysler. Effective October 2009, however, a fourth brand was established with the creation of the Ram brand, a breakout from the Dodge marque; the new brand consisted of the Ram full-size pickup, Dakota compact pickup and the Sprinter van. During the unveiling of Chrysler's business plan on November 5, CEO Sergio Marchionne indicated that the Ram brand will be augmented by Fiat-sourced vehicles, including a smaller van than the Sprinter, which itself would be replaced by a Fiat-based vehicle. In 2011, Fiat became Chrysler's fifth brand with the North American introduction of the Fiat 500. In the 1930s, the company created a formal vehicle parts division under the MoPar brand, with the result that "Mopar" remains a colloquial term for vehicles produced by Chrysler Corporation; the MoPar brand was not used in Canada, where parts were sold under the Chryco and AutoPar brands, until the Mopar brand was phased into the Canadian market beginning in the late 1970s.
Many Chrysler Corporation vehicle parts bore variants of the DPCD monogram, for Dodge-Plymouth-Chrysler-DeSoto, well after the 1961 end of DeSoto production. Chrysler's Airtemp marque for stationary and mobile air conditioning and climate control was launched with the first installation in 1930's Chrysler Building, though the Airtemp Corporation would not be incorporated until 1934, when it used a former Maxwell factory. Airtemp invented capacity regulators, sealed radial compressors, the self-contained air conditioning system, along with a superior high-speed radial compressor, by 1941 had over 500 dealers selling its air conditioning and heating systems; the company supplied medical refrigeration units in World War II, dominated the industry in the 1940s but fell behind. By the 1970s Airtemp was losing money and was sold to Fedders in 1976. In 2012 the name was reborn as a Nordyne byproduct sold by the R. E. Michel Company. In the 1980s, Chrysler formed a subsidiary business called Acustar to sell parts to other automakers as well as supplying parts for Chrysler-built vehicles, similar
Highland Park Ford Plant
The Highland Park Ford Plant is a former Ford Motor Company factory located at 91 Manchester Avenue in Highland Park, Michigan. It was the second American production facility for the Model T automobile and the first factory in history to assemble cars on a moving assembly line, it became a National Historic Landmark in 1978. The Highland Park Ford Plant was designed by Albert Kahn Associates in 1908 and was opened in 1910. Ford automotive production had taken place at the Ford Piquette Avenue Plant, where the first Model Ts were built; the Highland Park Ford Plant was 4 miles northwest of the original Dodge Brothers factory who were subcontractors for Ford, producing precision engine and chassis components for the Model T. It was approximately 1 mile northwest of the former Brush-Maxwell plant, which became the headquarters for the Chrysler Corporation; the complex included factories, a power plant and a foundry. About 102 acres in size the Highland Park Plant was the largest manufacturing facility in the world at the time of its opening.
Because of its spacious design, it set the precedent for many factories and production plants built thereafter. On October 7, 1913, the Highland Park Ford Plant became the first automobile production facility in the world to implement the moving assembly line; the new assembly line improved production time of the Model T from 728 to 93 minutes. The Highland Park assembly line lowered the price of the Model T from $700 in 1910 to $350 in 1917, making it an affordable automobile for most Americans. On January 5, 1914, Ford announced that factory wages would be raised from a daily rate of $2.34 to $5.00, that daily shifts would be reduced from nine hours to eight. After the increase in pay, Ford claimed that the turnover rate of 31.9 percent in 1913 decreased to 1.4 percent in 1915. Ford offered nearly three times the wages paid at other unskilled manufacturing plants. In the late 1920s, Ford moved automobile assembly to the River Rouge Plant complex in nearby Dearborn. Automotive trim manufacturing and Fordson tractor assembly continued at the Highland Park plant.
The 1,690 M4A3 Sherman tanks built by Ford from June, 1942 to September, 1943 were assembled in this factory, as well. During the 1940s through 1960s, the Highland Park plant was a principal location for Ford U. S. tractor manufacture. In the 1970s, the Romeo, plant displaced it for that role. By the mid-1990s neither plant was producing tractors or tractor parts, as Ford had sold off its tractor and implement interests in stages during the 1990-1993 period. By 2011 it was being used by Ford Motor Company to store documents and for artifact storage for the Henry Ford Museum. A portion is occupied by a Forman Mills clothing warehouse that opened in 2006; the Woodward Avenue Action Association has a purchase agreement with the complex's owner, National Equity Corp. to pay $550,000 for two of eight buildings at the historic Ford manufacturing complex: a four-floor, 40,000-square-foot administration building and the 8,000-square-foot executive garage near it. The center would include a theater with continuous videos, informational kiosks, interpretive displays on automotive history and a gift/coffee/snack shop.
It could be a place where visitors could pick up historical automotive tours, such as the current tour offered by the Woodward group, "In the Steps of Henry." The plant was used as a location for director Shawn Levy's 2011 Disney/Touchstone Pictures film Real Steel. List of Ford factories The Moving Assembly Line Debuted at the Highland Park Plant, Historic Sites, Ford Motor Company official site. National Register of Historic Places Inventory - Nomination Form, May 1977. Ford's Highland Park plant a manufacturing pioneer, MotorCities National Heritage Area, Detroit News article, May 21, 2009. National Historic Landmarks in Michigan, Michigan Historical Center, State Historic Preservation Office, Michigan State Housing Development Authority. Ford search results - Historic Sites Online, Michigan Historical Center, State Historic Preservation Office, Michigan State Housing Development Authority
Humber Limited was a British manufacturer of bicycles and motor vehicles incorporated and listed on the stock exchange in 1887. It took the name Humber & Co Limited because of the high reputation of the products of one of the constituent businesses that had belonged to Thomas Humber. A financial reconstruction in 1899 transferred its business to Humber Limited. From an interest in motor vehicles beginning in 1896, the motor division became much more important than the cycle division and the cycle trade marks were sold to Raleigh in 1932; the motorcycles were withdrawn from sale during the depression of the 1930s. Humber is now a dormant marque for automobiles as well as cycles. Following their involvement in Humber through Hillman in 1928 the Rootes brothers acquired 60 per cent of Humber's ordinary capital, sufficient for a controlling interest; the two Rootes brothers joined the Humber board in 1932 and began to make Humber the holding company for vehicle manufacturing members of what became their Rootes Group.
By 1960 annual production was around 200,000 vehicles. Previous insistence on Rootes family control, may have led to under-capitalisation of the business. Building a brand new car, the Hillman Imp, proved beyond Humber and Rootes Group resources and their businesses were bought by the Chrysler Corporation in 1967. Private investors from incorporation and first listing in 1887 Amalgamation with Hillman 1928, Hillman newly controlled by Rootes brothers Rootes Securities acquires 60 per cent of Humber, Hillman is made a Humber subsidiary 1932 Chrysler Corporation acquires control of Rootes Motors 1967Wholly owned operating subsidiariesCommercial Cars 1925 Hillman Thrupp & Maberly 1926 — ex Rootes Securities 1932 Clément-Talbot 1935 renamed Sunbeam-Talbot Sunbeam Motor Car Company 1935 trolleybuses only Karrier Motors 1934 British Light Steel Pressings 1937 Tilling-Stevens 1950 Singer Motors 1956 Cycle industry The cycle industry was consolidating in the late1880s and partners Thomas Humber and fledgling company promoter T Harrison Lambert sold their Humber Cycles business to investors who added a number of other substantial cycle manufacturers and floated the new combine on the stock exchange.
Such was the public's recognition of Humber products and their high quality and reliability the whole new organisation was named Humber & Co Limited though Humber's was not the largest component. Thomas Humber agreed to manage the whole enterprise with its works in Coventry and Wolverhampton as well as Beeston, he retired in 1892 at the end of his 5-year contract. Humber expanded into Europe and in 1896 their subsidiary, joined with La Société des Vélocipedes Clément and La Société des Cycles Gladiator obtaining stock exchange listings in order to form "one of the largest Cycle monopolies in Europe" and with the intention of improving the position of Humber; the directors expressed the greatest interest in the new industry of motor carriages and cycles for which extensive works were to be erected by the monopoly at Levallois Perret. At the time of the flotation prospective investors were told that agencies were established in all principal towns in France, the cities: St Petersburg, Milan, Brussels, Amsterdam, Buenos Ayres, Constantinople, Sfax, Alexandria, Hong Kong, Port Said and throughout the whole of South America.
The chairman of the new monopoly was chairman of Dunlop Pneumatic Tyre Co and another director was the manager of Dunlop. Negotiations between the parties were completed by Ernest Terah Hooley; the ambitious new monopoly was not successful, disputes between the partners dragged through the English courts until the turn of the century. A severe economic recession in 1899 brought about a financial reconstruction and the incorporation of a new company, Humber Limited, to continue the existing business. First series production carsIn 1896 Humber built a prototype and nine production motorcars in their new Coventry premises. In November 1896 a car was exhibited at the Stanley Cycle Show in London, they are claimed to be the first series production cars made in England. At Humber & Company's next general meeting in 1897 the managing director said they had received many letters asking if they would produce a motorised vehicle, that they had in fact been working on this project for 2 years, but had delayed production until they found a suitably reliable engine.
Having now found an engine they were gearing up for production. The first Humber car was produced in 1898 was a three-wheeled tricar, their first conventional four-wheeled car appeared in 1901. Cars went into production in Beeston near Nottingham as well as Stoke, Coventry but to separate designs. Just as with bicycles Beeston Humber products retained their high quality image; the Beeston works closed in 1908 on the opening of the new works at Stoke. Humber's profit went from £16,500 in 1905 to £106,500 the next year and £154,400 in 1907. On 12 March 1908 the new works was opened at Stoke just outside the city of Coventry. New buildings allowed for the employment of 5,000 hands; the new works was designed to be capable of producing 1,500 cycles per week. Another financial reconstruction was made in 1909. In 1911 they took over the Centaur Cycle Company. By this time a wide range of cars was produced from the 600 cc Humberette to several six-cylinder 6-litre models. In 1913 Humber was second only to Wolseley as the largest manufacturer of cars in the United Kingdom.
Revived by the war Humber produced motorcycles and bicycles for the War Office as well as cars. There were postwar slumps in the earl
The Detroit metropolitan area referred to as Metro Detroit, is a major metropolitan area in the U. S. State of Michigan, consisting of the city of its surrounding area. There are varied definitions of the area, including the official statistical areas designated by the Office of Management and Budget, a federal agency of the United States. Metro Detroit is known for its automotive heritage, entertainment, popular music, sports; the area includes a variety of natural landscapes and beaches, with a recreational coastline linking the Great Lakes. Metro Detroit has one of the largest metropolitan economies in the U. S. with seventeen Fortune 500 companies. The Detroit Urban Area, which serves as the metropolitan area's core, ranks as the 11th most populous in the United States, with a population of 3,734,090 as of the 2010 census and an area of 1,337.16 square miles. This urbanized area covers parts of the counties of Macomb and Wayne; these counties are sometimes referred to as the Detroit Tri-County Area and had a population of 3,862,888 as of the 2010 census with an area of 1,967.1 square miles.
The Office of Management and Budget, a federal agency of the United States, defines the Detroit–Warren–Dearborn Metropolitan Statistical Area as the six counties of Lapeer, Macomb, Oakland, St. Clair, Wayne; as of the 2010 census, the MSA had a population of 4,296,250 with an area of 3,913 square miles. The nine county area designated by the OMB as the Detroit–Warren–Ann Arbor Combined Statistical Area includes the Detroit–Warren–Dearborn MSA and the three additional counties of Genesee and Washtenaw, it covers an area of 5,814 square miles. Lenawee County was removed from the CSA in 2000, but added back in 2013. With the adjacent city of Windsor and its suburbs, the combined Detroit–Windsor area has a population of about 5.7 million. When the nearby Toledo metropolitan area and its commuters are taken into account, the region constitutes a much larger population center. An estimated 46 million people live within a 300-mile radius of Detroit proper. Metro Detroit is at the center of an emerging Great Lakes Megalopolis.
Conan Smith, a businessperson quoted in a 2012 article by The Ann Arbor News, stated the most significant reason Washtenaw County, including Ann Arbor, is not included in definitions of Metro Detroit is that there is a "lack of affinity that Washtenaw County as a whole has with Wayne County and Detroit or Oakland County and Macomb". Ann Arbor is nearly 43 miles by car from downtown Detroit, developed separately as a university city, with its own character. Smith said that county residents "just don't yet see ourselves as a natural part of that region, so I think it feels a little forced to a lot of people, they're scared about it". Detroit and the surrounding region constitute a major center of commerce and global trade, most notably as home to America's'Big Three' automobile companies: General Motors and Chrysler. Detroit's six-county Metropolitan Statistical Area has a population of about 4.3 million and a workforce of about 2.1 million. In December 2017, the Department of Labor reported metropolitan Detroit's unemployment rate at 4.2%.
The Detroit MSA had a Gross Metropolitan Product of $252.7 billion as of September 2017. Firms in the region pursue emerging technologies including biotechnology, information technology, hydrogen fuel cell development. Metro Detroit is one of the leading health care economies in the U. S. according to a 2003 study measuring health care industry components, with the region's hospital sector ranked fourth in the nation. Casino gaming plays an important economic role, with Detroit the largest US city to offer casino resort hotels. Caesars Windsor, Canada's largest, complements the MGM Grand Detroit, MotorCity Casino, Greektown Casino in the city; the casino hotels contribute significant tax revenue along with thousands of jobs for residents. Gaming revenues have grown with Detroit ranked as the fifth-largest gambling market in the United States for 2007; when Casino Windsor is included, Detroit's gambling market ranks either fourth. There are about four thousand factories in the area; the domestic auto industry is headquartered in Metro Detroit.
The area is an important source of engineering job opportunities. A rise in automated manufacturing using robotic technology has created related industries in the area. A 2004 Border Transportation Partnership study showed that 150,000 jobs in the Detroit–Windsor region and $13 billion in annual production depend on the city's international border crossing. In addition to property taxes, residents of the City of Detroit pay an income tax rate of 2.50%. Detroit automakers and local manufacturers have made significant restructurings in response to market competition. GM made its initial public offering of stock in 2010, after bankruptcy and restructuring by the federal government. Domestic automakers reported significant profits in 2010, interpreted by some analysts as the beginning of an industry rebound and an economic recovery for the Detroit area; the region's nine-county area, with its population of 5.3 million, has a workforce of about 2.6 million and about 247,000 businesses. Fourteen Fortune 500 companies are based in metropolitan Detroit.
In April 2015, the metropolitan Detroit unemployment rate was 5.1 percent, a rate lower than the New York, Los Angeles and Atlanta metropolitan areas. Metro Detroit has made Michigan's economy a leader in information technology and advanced
Street & Racing Technology
Street & Racing Technology is a high-performance automobile group within Fiat Chrysler Automobiles. SRT began as "Team Viper" to develop the Dodge Viper, it merged with "Team Prowler", the developers of the Plymouth Prowler, to become Specialty Vehicle Engineering. This was renamed Performance Vehicle Operations in January 2002. Since all PVO vehicles used the SRT name, the PVO development group was renamed SRT in 2004. SRT tunes and produces vehicles for the Chrysler and Jeep brands; the naming convention used by SRT for its models are indicative of the vehicle's engine type. The number that follows the "SRT" prefix denotes the number of engine cylinders the vehicle has. For example: the Chrysler 300C SRT8 has a 6.1 liter Hemi V-8. The Dodge Viper SRT-10 along with the Dodge Ram SRT-10 had an 8.3 L V-10. The fastest SRT production models are the 2018 Challenger Demon with a quarter mile time of 9.65 seconds, the 2015 Charger Hellcat with a quarter mile time of 11.0 seconds, the 2013 Dodge Viper SRT with a quarter mile time of 11.1 seconds, the 2015 Challenger Hellcat with quarter mile time of 11.2 seconds.
Other SRT models have recorded quarter mile performances, from 12.8 seconds for the AMG-based Chrysler Crossfire SRT-6 to the Dodge Neon SRT-4 at 13.9 seconds. Chrysler released the 6.4L Hemi engine in early 2011. New SRT-8 versions have 392 HEMI engine, rated at 470 hp and 470 lb⋅ft; the new engine is used in the 2012 Dodge Challenger SRT8, Dodge Charger SRT8, Chrysler 300 SRT8 and the Jeep Grand Cherokee SRT8. With the improved engine, current SRT8 model are not only faster than the previous model, but has better fuel efficiency than the previous one. In 2012 Chrysler implemented a plan to turn SRT into a separate brand under the Chrysler Group umbrella. During the 2013 and 2014 model years, the Dodge Viper was sold under the model name SRT Viper. In May 2014, the SRT brand was re-consolidated under Dodge, with former SRT CEO Ralph Gilles continuing as senior vice president of product design and as the CEO and president of Motorsports. In late 2014, Chrysler announced a new variant of the Dodge Challenger and Charger models named "SRT Hellcat" and another variant called the "SRT Demon" in early 2017.
The current lineup from SRT are the Chrysler 300 SRT, Dodge Challenger SRT 392, Dodge Challenger SRT Hellcat, Dodge Challenger SRT Demon, the second generation facelifted Dodge Charger SRT 392, Dodge Charger SRT Hellcat, Jeep Grand Cherokee SRT, Jeep Grand Cherokee Trackhawk. As for the Chrysler 300 SRT, the car is only sold in Australia, New Zealand, the Middle East, whereas the US version has been discontinued. In terms of future cars, the only car to be considered for the future is the SRT Tomahawk, a Vision Gran Turismo car; the car's projected production start is around the year 2035, but SRT is waiting until technology catches up so they can produce the car, since the car shows what "supercars could look like in 20 years". SRT has made six engines so far, one derived engine, their first two engines were the third generation ZB I's 8.3-liter aspirated Viper V10 and the Neon SRT-4's 2.4-liter turbocharged Inline-4. SRT's 2.4-liter turbocharged Inline-4 for the Neon SRT-4 had produced 215 hp in 2003 and 230 hp in 2004 and 2005.
Another 2.4-liter inline-4 was made, but this time was based on the Chrysler World Engine, was made for the Caliber SRT-4. That engine made 285 hp; the Crossfire SRT-6 never had a SRT-made engine, instead sourcing the M112k engines from Mercedes-Benz, which produced 350 hp. SRT has built four V8s, which it has applied to five vehicles: Chrysler 300, Dodge Challenger, Dodge Charger, Dodge Magnum and Jeep Grand Cherokee, their first V8 was a 6.1-liter aspirated HEMI V8 engine that made 425 hp. However, the Jeep Grand Cherokee SRT-8 only had 420 hp, their second unit is a 6.4-liter aspirated Apache V8 engine that made 470 hp but was upgraded to produce 485 hp after 2014. SRT's most powerful variant is a 6.2-liter supercharged V8, with two separate units used on the Hellcat and Demon models. The Hellcat's version makes the Demon's makes 808 hp. On 100-octane fuel, the Demon's engine makes 840 hp. SRT's 10-cylinder engines have only been used in two models, the Viper and the Ram 1500 SRT-10; the first unit, an 8.3-liter aspirated Viper V10 had made 500 hp.
The second unit used a larger bore and stroked 8.4-liter aspirated Viper V10, which increased the power output to 600 hp. The last generation Viper still kept the 8.4-liter displacement. The engine produced 640 hp, which increased to 645 hp after the Dodge-SRT absorption; the Jeep Grand Cherokee SRT-8 is being sold in China by dealer import methods. Due to increasing interest in American muscle cars, dealers are considering importing the Dodge Charger and Challenger SRT-8 into China. After two years of SRT as an independent division, the formed Fiat Chrysler Automobiles "FCA" announced on May 4, 2014, that the SRT family of vehicles will be consolidated under the Dodge brand; this includes renaming the "SRT Viper" back again to the legendary "Dodge Viper". This will expand the Dodge lineup to focus it as a performance-dedicated brand. Dodge R/T Vehicles Official SRT Drive Website