Chrysler revived the Newport name for their new, full-size entry-level model for 1961. At a base price of US$2,964 (equal to $23,285 today), the Newport was intended to fill the price gap between Chrysler and Dodge that was created when DeSoto was discontinued. While the Newport was successful and comprised the bulk of Chrysler production, the base Newport sedans were detrimmed versions of Chrysler's traditional upmarket models, featuring small hubcaps instead of full-wheel covers, plain interiors and a minimal amount of exterior trim. The perception of an inexpensive Chrysler hurt the marque in the long run by cheapening the brand's cachet.
In 1961, the Newport was available as a 2-door convertible, 2-door hardtop, 4-door sedan, 4-door hardtop and 4-door station wagon. The base engine for the Newport was the 361 cu in (5.9 L) V8 engine rated at 265 hp (198 kW), most were equipped with this. Optional was the 413 and the 383, however the 383 was mostly used in the Town and Country station wagons.
All Newports could have been ordered with the 413 either single 4 bbl carb or dual 4 bbl carbs and most of the 300 letter car options, except the four bucket seats, center consol and tach. 1962 Chryslers continued to use the 1961 body, but were shorn of their trademark tailfins.
Source: Wikipedia, 2012