For those who are interested, here's the real story on Chrysler's TC by Maserati, not the tripe written by a bunch of old hippies and basement dwellers on TTAC. I've actually read the product planning memos which still exist in a dark corner of a Detroit warehouse...
There are of course people who work in product planning who's main job is to keep eyes on what the competition is doing. 'Round about 1984, rumors were flying that Cadillac was going to build a two-seater to compete with the Mercedes SL series. It would have an Italian connection, to help get over coastal buyer’s anti-Detroit hump. Concurrently, Chrysler had just introduced the internal code “G24” 2+2 Laser and (Dodge) Daytona coupes. The Chrysler Laser differed from the Daytona only in the rear spoiler treatment; it mostly existed to give Chrysler dealers something to sell (since few were paired with Dodge dealers). There was always a plan to further differentiate the Chrysler version, but the budget didn’t exist for another set of body tooling.
Lee Iacocca, probably keeping the rumors of an Italian-influenced Caddy in mind, decided to call upon his friend Alejandro de Tomaso (of Ford-powered de Tomaso Pantera fame) with the idea of doing a limited run of “halo” roadsters, based from the Daytona FWD platform (At this time, Alejandro was running Maserati. ) It does seem that Iacocca had a real thing for roadsters, because I’ve also read product planning notes for a 2-seater targa-top version of the ’81-’83 Imperial, which obviously never saw production.
The original plan called for the Q-coupe (eventually given the awkward TC by Maserati name) to debut 18 months
before a new aero-inspired LeBaron coupe/convertible 2+2. The thinking was that a similar appearance to the more exclusive TC, would add some “pizazz” to the more pedestrian and backseat-equipped LeBaron. While the overall look was similar, the cars shared nothing more than (certain) powertrains and electrical architecture. All of the sheet metal and trim was different, as was the wheelbase, suspensions, brakes and even the unseen floorpans.
Well Italian boutique car-builders have never been known for their ability to meet deadlines… Something to do with 6 weeks of annual vacation and 3-hour pasta lunches, I’d imagine. The first examples produced were deemed “unsalable” by Chrysler executives because of fit/finish issues. Meanwhile, work on the LeBaron pressed forward and the car was ready for a 1987 model year introduction. The convertible even paced the Indy 500. The need for a halo car no longer seemed a priority and the TC became a back-burner project. Engineers were called back to Detroit and reassigned elsewhere in the company. Many of them eventually became part of a much more successful roadster project done in-house, utilizing a V-10 engine breathed on by Lamborghini.
But the TC project was too far along to simply cut bait. A skeleton crew of Chrysler people stayed behind to try and create a salable product and salvage some of the investment. One of the measures taken was dropping the idea of an exclusive 16 valve engine co-developed with Maserati (and later Cosworth), as this project had also fallen behind. This left a standard Chrysler turbo engine, paired to an automatic transmission which made the turbo good for about 500 RPM of fun before it up-shifted. Eventually the 16 valve version appeared, but this was well after the early press had panned the car… Now a $30,000 car with an appearance similar to a $15,000 car that had been in production for 2 years. The TC finally appeared in US showrooms for 1989 but it’s doubtful that many sold anywhere near their sticker price, further lessening their status.
So where does this leave the TC today? Nowhere in terms of value, but taken just as a “car” and ignoring the market flop there is nothing at all wrong with owning one. It’s a fun piece of history with an over-the-top, all-leather interior. Mechanical parts are dirt cheap and it’s far more reliable than any true Italian car.
I picked up a very pampered example locally (with a mis-installed timing belt) for under a grand. I fixed it and enjoyed the car for a few summers, even driving it in local parades. I toyed with the idea of swapping in a 5-speed from a Daytona, and even the idea of converting it to an electric car! (You can find drivetrains pretty cheap if you know where to look.) However, good sense and the need to work on my ’70 Fury prevailed and I sold it this summer.
…but part of my willingness to do so is because I know where a 16v example sits inside a local garage. Basically untouched and waiting for me to drop by with some cash.
Here's a shot of mine with a much larger ancestor!