All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC and/or its affiliates. Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. ![]() Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. Your CNN account Log in to your CNN account ![]() While the Airflow is now regarded as an important step in the history of automotive design and engineering, it was a sales flop and went out of production after only three years. While aerodynamic testing and design is a part of virtually all new car development today, the Airflow’s novel appearance was apparently a turn-off to customers in Depression-era America. It set speed records at the Bonneville Salt Flats and one drove across America achieving the remarkable – at the time – fuel economy of 18 miles per gallon. The original Airflow also featured a number of other design and engineering advancements. Chrysler constructed a wind tunnel, one of the first in the industry, to test its shape. Orville Wright, of the famous airplane-inventing Wright brothers, was a consultant on the project, according to Chrysler marketing materials from that era. The original Airflow, introduced in 1934, was one of the first American cars designed with aerodynamics as a major consideration. ![]() The Airflow concept is named after a famous 1930s Chrysler model. “Chrysler is going to focus on on-road performance, connected experiences and delivering both extended high battery electric range and fast charging capabilities,” she said. By going fully electric while the other brands change over to EVs more gradually, Chrysler can help usher in Stellantis’s transition to full electrification, said Feuell. With the brand lying largely fallow, the transition to electric vehicles gives Chrysler hope for a renewed purpose. Most Chrysler dealers, however, also sell other Stellantis brands such as Jeep and Dodge, so Chrysler’s lack of offerings in the most popular market segment hasn’t been a major issue for dealers. Tesla delivered over 240,000 vehicles in the third quarter alone.Ĭar buyers have largely shifted to SUVs, which Chrysler doesn’t offer. In 2021, Chrysler sold 98,000 Pacifica vans and just over 16,600 of the 300 sedan. The Chrysler Airflow concept vehicle shows what a future electric crossover SUV from the Stellantis brand might look like. ![]() After that, Chrysler will become Stellantis’ first all-electric car brand in North America by 2028, said Chrysler chief executive Christine Feuell. The Chrysler Airflow concept provides a preview of an electric crossover SUV available for sale by 2025, according to Chrysler. The other is a minivan.Ĭhrysler’s new parent company, Stellantis, has now announced a plan to return Chrysler to its former glory, with the company hoping to bring it back to relevance with an all-electric lineup. One is a sedan that hasn’t been substantially updated in 16 years. Today, Chrysler is a shadow of its former self, offering just two models. Cars like the Chrysler New Yorker, the Imperial and the classic Chrysler 300 helped it become a solid competitor to brands like General Motors’ Buick which founder Walter P. Chrysler was once one of the biggest names in the American auto industry, famous for flashy cars with chrome, fins and style that belied their relatively affordable prices.
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