In 1998, Tom Gale, Executive Vice President of Chrysler Product Development and Design, attended the 1998 Specialty Equipment Market Association (SEMA) Show in Las Vegas. He wanted to integrate the performance features he saw on the sport compact cars into Chrysler's compact production car, the Dodge Neon. A group of young Dodge and Chrysler talent was assembled to put together a vehicle to meet Gale's request. They created a concept car, the 2000 Neon SRT, in just 4 months. The executive committee rejected the production car proposal, but after three more versions of the car, the company's Specialty Vehicle Engineering (SVE) team took over the project and the executive committee gave the go ahead for the project in the spring of 2001. In January 2002, SVE became known as Performance Vehicle Operations (PVO). The PVO group was responsible for developing the concept car into a production car. In 2003, the Dodge Neon SRT-4 went on sale to the public. In 2004, PVO changed their name to Street & Racing Technology (SRT). In 2005, an American Club Racer (ACR) package and limited edition numbered Commemorative version of the SRT-4 were also offered. In 2008 Dodge introduced the Caliber SRT-4 as a replacement. Manufacturer's specification when the SRT-4 was released was 230 hp (170 kW). However, several independent tests have produced results indicating 230-238 whp and 250-262 lb-ft. This would indicate that the SRT-4 produces more power than the manufacturer claims. The flywheel power is estimated to be 255-265 hp (190-198 kW) and 260-270 lb-ft torque (352-366 N·m).
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