FCA’s sweater-in-chief Sergio Marchionne has a plan to turn around the debt-laden and ailing automaker: stop building cars that lose money. That sounds like common sense, so long as oil prices stay low and the demand for trucks, SUVs and crossovers remains high.

But that plan introduces a new set of problems, chief among them the fact that ditching the car market leaves FCA exceptionally exposed to future volatility in oil prices. Crude prices affect prices at the pump, which affects the demand for certain types of vehicles. Sergio is betting oil prices will stay low by focusing on vehicles with ever-increasing price tags and ever-growing gas tanks.

Still, there will always be some demand for small cars. It was true in 1950 and it is true today. So what will Mr. Sweater do to meet that demand? Simple: he’ll buy those vehicles from another automaker and badge engineer them the old-fashioned way.

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Ford announced Thursday that it had earned a record pre-tax profit of $10.8 billion for 2015 — including $2 billion in the fourth quarter — bolstered by pickup sales in the U.S. and strong growth in China.

The record-setting year for the automaker wasn’t much of a surprise — second- and third-quarter results set records along the way — but Ford’s ability to finally turn a profit in Europe may be the most unexpected news. The automaker had lost money in Europe since 2011.

Latin America, notably Brazil, will continue to be a sore spot for Ford and other automakers. Ford said Thursday it expects to lose more money there in 2016 than the $832 million it lost there in 2015.

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China’s finance minister said Saturday that the government will end green car subsidies by 2021 and let its market dictate whether EVs or plug-in hybrid can sell on their own in the country, Reuters reported.

Lou Jiwei told reporters that the government would cut subsidies by 20 percent over the next two years, by 40 percent before 2020 and eventually end subsidies altogether by 2021, according to the report.

China surpassed the U.S. last year in electric car sales, in part because of the government’s aggressive support. Few electric cars made in China are available outside the country, however its expected that Cadillac will build in China and sell in the U.S. a plug-in version of its CT6 sedan.

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Volkswagen’s chief in China says they’re probably not retaking the crown from General Motors there anytime soon.

That, Apple’s lead car guy is gone, Takata’s in trouble and more … after the break!

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Volkswagen to European diesel owners: “Why you mad?”

That, the mailman can’t deliver on the first lawsuit against GM, Caddies built in China and 51.3 million cars were recalled in 2015 … after the break!

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Investors aren’t necessarily drinking automakers’ Kool-Aid that 2016 will be full of beer and Skittles.

That, the China-made Cadillac CT6 that’ll eventually get here, El Chapo’s cheapo getaway car and General Motors’ questions get down and dirty … after the break!

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“What do I gotta do to get you to drive out of here in a brand-new 2016 Chevrolet Malibu today?”

That, Ford and Google are moving to the country, Hyundai halts in China and Volvo’s wagon spied in some guy’s garage … after the break! Read More >

Man, people are really pumped about the cool, expensive cars they just bought.

That nugget of wisdom, Russia’s perpetual Cash for Clunkers program, VW’s appeal to Colorado and Washington buyers and GM’s knows what way the wind is blowing now … after the break! Read More >

A picture is worth a thousand words, or millions of dollars worth of cars not built by the United Auto Workers.

That, and Buick is planning a surprise for Detroit, oil prices are ever-so-slightly up, a super mullet El Camino, and Manny, Moe and Jack … after the break!

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You’ve made some bad decisions at the holiday office Christmas party. We’ve all done it. Don’t compound it by using a (probably inaccurate) free breathalyzer that you picked up at a Honda dealer instead of a cab ride.

That, and Subaru is turning production up to “11,” Hyundai was hit hard in China and Nevada’s rolling the dice on electric cars … after the break. 

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A Utah judge has blocked the sale of Miller Motorsports Park to a Chinese investment firm because county commissioners may have illegally lowered the price to below fair-market value, KSL reported Thursday.

In a filing, Judge Robert Atkins said Tooele county officials tasked with selling the shuttered racetrack ignored higher bids to sell the racetrack for $20 million to Geely-backed Mitime Investment and Development Group. According to the report, county tax officials estimated the value of the track at $28.1 million.

A competing bidder, Center Point Management, said it offered $22.5 million for the park. The Wyoming-based company filed a lawsuit to stop the sale because they said county officials ignored their bid based on unverified promises by the Chinese group. Read More >

The nice people at Marketplace, who provided the above photo, have a fun website where you can put Chinese smog on your favorite city. Thankfully, most American cities haven’t had a smog problem in the 21st century. Beijing, on the other hand, is experiencing the proverbial terrible, horrible, no good, very bad day.

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Buick announced Friday that it will bring from China the Buick Envision to sell in the U.S. next summer, two years after that car was introduced overseas, and that it will be the first Chinese-made car from a domestic manufacturer.

Automotive News reported that the small crossover would go on sale sometime around August, earlier than expected from initial reports last month.

When it goes on sale, the Envision will be powered by a 2-liter turbocharged four that makes 252 horsepower and will only be offered in all-wheel drive to start. The model will be bookended by the subcompact-sized Encore and full-size Enclave and fill a substantial need for the premium automaker.  Read More >

General Motors announced Thursday it will import a Buick crossover from China to the United States by the end of 2016, much to the UAW’s disappointment.

According to the Detroit Free Press, the crossover in question, the Envision, is currently produced at a facility in the Shandong province. The Buick brand itself is doing well for itself in China, where it’s GM’s best-known brand, and in the U.S., where the brand is experiencing rapid growth as of late. In both instances, the main draw for Buick is its small and medium crossovers and SUVs.

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Ford fanboys (this one included) will finally get the Wrangler-fighting sport utility they’ve been yearning for since the demise of the Blue Oval’s two-door SUV in the mid ’90s.

According to the Detroit Free Press, Ford is looking to get back into the newly re-energized midsize truck game with its global Ranger, and that truck brings with it a sport utility based on the same architecture. It’s widely believed that SUV will be none other than Bronco.

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