Chrysler’s new owners, Cerberus Capital Management has announced that the upcoming Dodge Challenger will not be sold on the European market. The decision comes as a result of the limited numbers of the Challenger that are going to be produced, the company telling that a lot of American fans will also miss it.

The upcoming Challenger will be unveiled at the 2008 Chicago Auto Show and will go into production shortly after.

The 2008 Dodge Challenger will use the updated version of the LX platform (called the LY platform) already under the Dodge Charger, Chrysler 300, and the Magnum, but it will be a coupe (with only two doors) like the vintage Dodge Challengers. As back in the early 1970’s the new Challenger is set to compete with the Ford Mustang and it said that it will be produced in 60,000 - 70,000 units a year. The starting price for the 2008 Dodge Challenger will be around $28,000.

The concept vehicle shown at NAIAS had a 6.1-liter V8 Hemi V8 under the hood but hat engine is expected to be used on the SRT version of the production car. Instead of that, the standard 5.7-liter Hemi V8 is more likely to be used. According to Dodge, the power-train in the concept could deliver 0-60 mph in 4.5 seconds, a quarter-mile run in 13 seconds flat, and a top speed of 174 mph. There is also highly probable that the base version will equip a V6 engine, just as the Mustang does.