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It's evident that Cerberus is inclined to divest itself of Chrysler, with challenging economic conditions dampening prospects for potential buyers. Doubts have arisen regarding the commitment of the Pentastar team to new product development. However, Frank Klegon, Vice President of Product Development, asserts that new models from Chrysler, Dodge, and Jeep are indeed in the works, citing the forthcoming redesign of the 300 and Charger as evidence.

Speaking at the LA Auto Show to Automotive News, Klegon revealed that the 2011 revamp of these large, rear-wheel-drive sedans will surpass projected 2011 CAFE standards. This achievement will be attained through enhancements in aerodynamics, axle ratios, and engine upgrades. Klegon noted that the upcoming Phoenix engines, whose development remains ongoing, will power the Charger and 300. The new Phoenix V6 engine family will incorporate technologies such as variable valve timing, cylinder deactivation, and direct injection to enhance efficiency. Moreover, there's speculation that Chrysler may adopt an eight-speed automatic transmission to further enhance performance and fuel economy. While Chrysler hasn't embarked on such an ambitious transmission project before, suppliers like Aisin and ZF have already introduced 8-speed transmissions to the market, despite Daimler currently utilizing only seven speeds in its Mercedes lineup.