How did Chrysler do last year? It all depends on how you slice the numbers, isn’t it? As warned, Chrysler’s Q4 was a bit of a letdown, as net revenues dropped from $11.018b in Q3 to $10.763b, resulting in a $199m Q4 net loss. Interest expenses continue to be a major drag on Chrysler’s performance, costing $329m in Q3 and a whopping $1.228b over the course of the year. Cash dropped by nearly a billion dollars from Q3 to Q4, ending the year at $7.347b (not counting $2.3b in undrawn government facilities). Chrysler nearly hit the 1.6m worldwide sales number touted in its Five Year restructuring plan, as well as the 1.1m US-market target (although fleet mixes appear to have been higher than anticipated). Chrysler also hit its goal of $40b+ in net revenues and exceeded Operating Profit and EBITDA projections, but as the slide from Chrysler’s Q4 financial presentation [PDF here] shows, Both debt (which will likely be restructured this year to reduce costs) and depreciation/amortization have killed Chrysler this year… which is why EBITDA and Modified Operating Profit take the top billing in Chrysler’s financial reporting.

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In October, Jefferson County, Missouri signed a contract with American Traffic Solutions (ATS) allowing the Arizona-based company to issue red light camera tickets in return for a cut of the profits. Now just three months later, the county council wants out of the deal. All seven members were unanimous in the desire to change direction, even signing a letter to lawmakers urging them to adopt a statewide ban on automated ticketing.

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Our not-quite-colleagues at AutoWeek are between a rock and a hard place nowadays. Back in the dinosaur days of the biz, subscribing to AW made sense. The writing was usually auto-weak, and there wasn’t much insight to be found in the reviews, but it was far more timely than the rest of the color rags. If you wanted up-to-date news on the auto shows, the press-preview events, and European rallies, there was only one magazine with the goods.

Needless to say, the Mandel clan’s rather cozy little empire ran into an Outside Context Problem when the World Wide Web arrived on their shores, chock-full of Jalopniks, Autoblogs, and TTACs. I can’t think of any reason to subscribe to AutoWeek, and judging by the increasing desperation with which they are soliciting me as a subscriber, neither can anyone else.

How, then, can Dutch and company keep the lights on at AW headquarters? I dunno… how about renting press cars?

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When January sales numbers will be announced tomorrow, just about everybody should have reason to celebrate. Analysts from J.D. Power to TrueCar, along with industry watchers of major banks and brokerage houses, expect a strong January. They predict the highest seasonally adjusted annual rate, or SAAR, since the shortlived cash for clunkers episode in August 2009.

The results of a poll by Bloomberg go like this: Read More >

The new 2012 Mercedes-Benz SLK could give you reason to keep its trick roof up at all times, especially if you wrinkle your nose at diesel smell. Yes, the Daimler’s new roadster will be available with an oil burning option. Read More >

“Honda Reports First Profit Drop In Five Quarters”

Headline of a story about Honda’s October-December results, published in  The Nikkei [sub].

And then, there is: Read More >

Today, none of the 50,000 workers employed at Volkswagen’s Wolfsburg plant have to punch in at work. The factory is waiting for parts. You may think that is their good or tough luck.

Not so, says Dan Sharkey, a Detroit lawyer who counts many auto suppliers as his clients. The shortages affect us all. Parts shortages are “”beyond a trend; it’s an epidemic,” Sharkey told Automotive News [sub]. These shortages are stopping assembly lines around the world, just when demand is beginning to pick up.

Here is a current snapshot, taken by Automotive News: Read More >

Back in 2003, nearly a third of the vehicles I bought were either Volvos or Subarus. An auctioneer friend of mine described these cars as ‘wanna-be’s’. Since most of the buyers of these vehicles at his uncle’s car lot seemed to all fit the bill of an aspiring Yuppie. A lot of education. A lot of debt. Very little knowledge about cars beyond the Consumer Reports and monthly car mags. These buyers were a near nuisance in the Atlanta outskirts due to their pickiness and excessive question asking. For me though it was a different story.

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125 years ago yesterday, Carl Benz was granted the first patent for his Motorwagen, marking the birth of the automotive industry, as well as the company that would become Mercedes-Benz. Both have come a long way in the last century and a quarter, and the mind boggles at what might be in store for the next 125 years. Especially if they keep building the kinds of cars that outshine everything else on the road for decades after they’re built.

Well, the problem isn’t so much that compact cars aren’t youthful… it’s that the buyers of compact cars are surprisingly un-youthful. The C-Segment, compact cars in the class of Honda’s Civic, Toyota’s Corolla, Ford’s Focus and Chevy’s Cruze, are typically thought of as “Kid Cars,” or first-time automobile purchases for younger buyers. That stereotype may still be true, but if it is, the young buyers aren’t actually buying the cars. This week, Ford’s executive in charge of launching compact cars like the forthcoming 2012 Focus turned my perspective on the C-Segment upside down by telling me that Ford’s research showed that the average age of a compact car buyer was… get this… 57 years old. Given that TTAC has questioned the viability of the Buick brand for having an average buyer age in the low-to-mid 60s, it’s worth considering the reasons for the surprising age of C-segment buyers. And while we’re at it, let’s throw another stereotype on the fire, namely the old chestnut that compact cars are “basic transportation” for folks who can’t afford a car in the next class up. According to Ford’s data, 50 percent of C-Segment buyers come from households making $75,000 per year or more.

I wish TTAC had more of this kind of demographic data to share, so we could track changes in compact car-buying demography over time, but it seems fairly clear that the compact class is attracting older, more affluent buyers than it once did. So we want to know: how do you interpret these trends? Will older, richer buyers continue to downsize, or is this a short-term phenomenon driven by gas prices and economic recession? Meanwhile, what impact will this shifting demography have on compact cars themselves?

Again, China’s vaunted export machine received a black eye: China imported more cars in 2010 than it exported. Of the 18.27 million cars China produced in2010, a pittance of 2.98 percent left the country according to statistics released by China Association of Automobile Manufacturers (CAAM) via China Autoweb. Read More >

Another indicator that the Chinese car market is not about to collapse, as projected (hoped?) by some: Daimler is guiding towards robust sales in January. “I hope that we will see double digit gains again in January,” Mercedes sales Chief Joachim Schmidt told Reuters. With the month nearly over, executives won’t “hope” what they don’t already know. And what does that have to do with China? Read More >

In 1961, President John F. Kennedy said in a speech to a joint session of Congress: “I believe that this nation should commit itself to achieving the goal, before this decade is out, of landing a man on the Moon and returning him safely to Earth.” On 21 July 1969, Neil Armstrong became the first man to set foot on the Moon. The Apollo 11 crew returned safely to Earth on 24 July. Three years later, the Moon had its last visitors. The Sea of  Tranquility lives up to its name.

In last week’s State of the Union speech, President Barack Obama’s set an even more audacious goal. Read More >

In my Nissan Frontier Capsule Review, I briefly mentioned the fact that I’d had a Saab 9-3 prior to said Frontier. Well, as it turned out, I ended up having the Saab after the Frontier, as well. Before I could take possession of said little turbocharged hatchback for the second time and send it back to the lease company where it belonged, however, I had to beg, threaten, and — depending on your definition of the word — perhaps steal.

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Porsche’s legal troubles aren’t over yet. A group of hedge funds appealed the dismissal of their $2 billion lawsuit against Porsche. The lawsuit had been thrown out by U.S. District Judge Harold Baer on December 31 for lack of jurisdiction. Read More >