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The high-powered Caliber SRT4 is being cut from the Dodge lineup. The folks over at Car & Driver noticed the absence of the vehicle in Dodge’s 2010 product lineup and have confirmed with Chrysler PR that this is no mix-up. The SRT4 is dead. Sadly, this also means that no model in the company’s new lineup will feature the Caliber’s 285-hp, 2.4-liter turbocharged four-cylinder.
Under new ownership by Fiat since the U.S. automaker emerged from bankruptcy protection, Chrysler’s Dodge brand will instead focus on moving more high-volume Caliber models.
The Caliber SRT4 is just the latest high-performance vehicle to become a casualty of the recession, with one of the car’s main competitors, the Chevy Cobalt SS Sedan having been eliminated from GM’s product lineup earlier this year.
Under new ownership by FIAT? since when does like 10% stake = ownership? Unless I missed something.. pretty sure FIAT only owns like 10% share.
Its a 35% stake actually, which is the largest share compared to the rest of it's share holders. In a sense, this does make them "owners", more like "co-owners " though.
EDIT* 20% is their's NOW, they have to meet a couple guidlines to get the other 15%, which will be granted in 5% increments.