Fiat Chrysler Automobiles CEO Sergio Marchionne has a good morning today, after FCA announced boosted profit and earnings spurred by healthy sales in the U.S. and Europe.
First quarter net profits were up from just above the break-even point a year ago to 451 million euros ($539.4 million), according to The Detroit News, with pre-tax earnings up 88 percent to 1.3 billion euros ($1.6 billion). (Read More…)
Sergio Marchionne, CEO of Fiat Chrysler Automobiles, could shed light on the company’s uncertain future this Tuesday when the company reports earnings. However, as the Detroit Free Press reports, Marchionne may not take the opportunity to clear the air, which would leave employees at FCA plants wondering about their futures for months to come.
The sweatered one has already stated in no uncertain terms that the Chrysler 200 and Dodge Dart will get the axe. Just when that will happen, and what product will fill freed-up plant capacity and dealer lots, remains a guessing game.
Like an unoccupied Dodge Charger stuck in “Drive,” Fiat Chrysler Automobiles’ gear selector controversy was rapidly building momentum before yesterday’s announcement.
Responding to numerous instances of runaway vehicles and an expanding National Highway Traffic Safety Administration investigation, FCA voluntarily recalled 811,586 vehicles in the U.S. and 52,144 in Canada, and a further 265,473 in Mexico and overseas. (Read More…)
If you’re looking to get the most money back when you drop your car onto the used market in five years, better get into something large and utilitarian.
Large and midsize trucks and SUVs grab the top five-year resale values in Edmund’s 2016 Retained Value Awards, with conventional and luxury midsize and large cars depreciating the most. (Read More…)
A group of Jeep fans wants Fiat Chrysler Automobiles CEO Sergio Marchionne to make a Sophie’s Choice-style decision to save their beloved offroader.
To avoid the destruction of the storied brand at the hands of its parent company, FCA must cast it loose, the group states in a strongly-worded Change.org petition.
“As owners and fans of Jeep vehicles, we are calling on Fiat Chrysler Automobiles to separate Jeep from FCA’s stable of failing brands and debt,” the petition states. “We urge FCA to execute a spinoff to save Jeep.”
At Fiat Chrysler Automobiles, this much we know: 72 consecutive months of year-over-year U.S. growth, a market share increase in the United States from 9.4 percent to 12.8 percent between 2010 and 2015, routine record-setting U.S. sales performances at Jeep, and an overarching “light truck” division that now produces more than four out of every five U.S. sales for the automaker.
Chapter 11 reorganization was undoubtedly a painful process — bankruptcy isn’t supposed to tickle. And because of reliability woes, frequent Alfa Romeo delays, and poor passenger car demand, there are serious doubts about the automaker’s long-term plans.
Yet only a few quick glances at an FCA U.S. monthly sales report are necessary for observers to replace concerns with applause, at least in the here and now. The rate of growth is staggering. The U.S. auto industry grew its volume by 37 percent between 2011 and 2015, a period during which FCA — and formerly the Chrysler Group — grew 64 percent. (Read More…)
Examples of the XJ Jeep Cherokee are everywhere in Denver junkyards (nearly as numerous as late-1990s Subaru Outbacks, these days), and it takes a special one to make me deploy my camera. I thought the factory-installed orange tape stripes on this ’91 Cherokee Sport were interesting, and now today’s ’93 with innovative tree-branches-and-rattlecans camo job has made the cut. (Read More…)
If you didn’t think an electric car could stall, Volkswagen has a Golf-sized dose of reality for you.
That, Jeep’s Compass/Patriot successor wants to woo south of the Equator, General Motors gets some good legal news, there’s money in them there charging stations, and Volvo gets a PR boost … after the break!
Americans might finally start to see a few of these so-called “Jeeps” roaming around their hometown.
That, Mark Fields can pick up everyone’s tab, eight (speeds) isn’t enough at General Motors, the Phaeton ends its long farewell, and GM Korea wants out of its slump … after the break!
It can take you a long time to start truly missing someone. Three years ago, I was dating a lovely federal attorney who had ordered herself a six-speed Wrangler Unlimited Sahara as a sort of step-stool to get her to the more adventurous life she thought we’d end up living together. In March of 2013, after taking delivery of her Jeep, she left it in my custody, got on a plane, and joined one of her oldest friends on a sight-seeing trip to Utah. She’d asked me to go but I’d refused; I had a date with someone else planned for the same week and at the time I took a sort of cruel joy in crushing every dream she had about our future. “I’m busy. Go to Moab,” I told her, “and see the Delicate Arch.”
“Too far north,” she replied. “Anyway, I want to save it for a trip with you.” We never took that trip. The last time I saw her was when she came to visit me in the hospital eight months later, the day after my January 2014 crash. I was incandescent with pain and incoherent from painkillers. She did something to upset me. I told her to leave the room and never come back. In the years between now and then, I didn’t think about her much. Too many other people and things on my mind.
The Russian car market is looking grimmer than the last days of the Romanov family, but that’s proving to be a big opportunity for Kia.
That, a delay for Volkswagen’s overseas diesel fix, Porsche employees are rolling in dough, electric rallycross could be on the way, and FCA soars in Europe … after the break!
In anticipation of the 50th Easter Jeep Safari in Moab, Utah, Jeep turned its best and brightest designers loose and created seven concept vehicles you’ll probably never drive.
But you can gaze, and you can dream.
These rolling showcases for Jeep and Mopar performance parts crop up annually in advance of the off-road love-in (March 19 – 27), but this year Jeep delved deep into the history file to celebrate its 75th birthday.
We’ll highlight the standouts after the break. (Read More…)
Fiat’s American retailers are struggling to bring in buyers as well as pay the cost of their dealerships, but help is on the way from the parents.
On March 9, Fiat Chrysler Automobiles pitched a plan to stabilize dealers, offering Fiat stores the opportunity to combine their operations with the Chrysler-Jeep-Dodge-Ram dealers many are adjacent to, Automotive News reports.
Two months ago at the North American International Auto Show in Detroit, Jeep CEO Mike Manley confirmed that the next generation Wrangler will spawn a pickup. No other official announcements related to the exciting new product have been released. But as TTAC reported in October (The Untapped Potential of Wrangler), the move was entirely predictable. And it was made all the more inevitable when the company recently announced its intention to stop developing small cars.
The revelation of a forthcoming Wrangler pickup could have justified a front page New York Times headline. That is how important the new pickup is for the $10 billion company. Investors may not have valued the announcement, as Fiat Chrysler Automotive’s stock price continued its steep decline from $9.20 on December 31st to $5.88 in early February, but Wall Street analysts are not known for their long-term perspective. Regardless, Jeep is a well known bright spot under the sagging FCA umbrella and investing in its record-setting Wrangler nameplate is an action the company needs to take.
How will Jeep execute the Wrangler pickup and what will its real impact be?
The midsize sedan that can’t catch a break is continuing to darken a plant where workers can’t catch a shift.
The Sterling Heights, Michigan assembly plant that produces the Chrysler 200 will remain closed for another three weeks, Automotive News reports, extending the temporary closure to a total of nine weeks.
Slow sales and a steep inventory glut are to blame for the shutdown, which was needed for supply and demand to regain equilibrium. (Read More…)
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