Details on Chryslers debt payback/5 year plan.

Chrysler’s road show for investors to back its $6 billion debt plan has met just so-so reviews, forcing the company to pare back its plan for a $3.5 billion loan by $1 billion, and add that $1 billion to its bond sale.

Dodge brand chief Ralph Gilles also told The Detroit News that the company isn’t speeding up the five-year plan it laid out in 2009. That means Chrysler’s newest compact car — a replacement for the Dodge Caliber — is still about a year away.

MP notes – what will replace the Caliber ? It will be interesting to see..

Written by Modern Performance

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Picture of a Forge Diverter valve installed on a 08-10 Cobalt SS Turbo

Some interesting photos/observations on direct injection motors (ie, Cobalt Turbo)