There has been so much Chrysler news this week with the possibility of a GM/ Chrysler merger in the headlines. Now there are rumors that Chrysler has killed the development of its new $3 billion Phoenix V6 engine program.
The killing of its new V6 engine program makes sense if Chrysler is about to merge with GM or even Renault/ Nissan. Both GM and Nissan have their own V6 engines that are definitely better than anything currently under the hood of a Chrysler. Last week Chrysler also killed the development of dual-clutch automatic transmissions. According to analysts a Chrysler merger is expected and Chrysler doesn't need to spend money on engine and transmission programs if GM and Renault/Nissan already have them.
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