The Caliber is a roomy 5-door hatchback powered by a variety of 4-cylinder engines. The wild and crazy SRT4 features a 2.4L four cylinder turbo boosted to 280-bhp, with 265-lb.-ft. of available torque. All the horsepower is funneled through the front wheels, via a 6-speed manual and a limited-slip differential. Unlike other competitors, the SRT4 is equipped with standard 19-inch alloy wheels and P225/45R19 tires. Interior upgrades include aluminum pedal pads, and a simulated carbon-fiber steering wheel rim. An optional 13-speaker Kicker audio system has 322-watts, plus a 100-watt subwoofer. Although the SRT4 has more power than other compact performance cars, the FWD layout puts it at a disadvantage compared to its more expensive AWD competitors.

The Caliber receives a number of feature and option package changes. Chrysler added additional insulation in the engine compartment and floors to reduce noise in the cabin. The all-wheel-drive model has been dropped. All Calibers are FWD only.