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Chrysler earns $1.7B in 2012, revises product plans for US

Hot on the heels of Ford's earnings announcement for the year that was, Chrysler today reported a 2012 net income of $1.7 billion, up substantially from the comparatively minuscule $183 million profit earned in 2011 when it repaid its US government loans.
Chrysler's good year ended with an excellent fourth quarter that saw net income rise 68 percent from $225 million in 2011 to $378 million. Where are all those extra earnings coming from? Market share, which Chrysler saw increase to 11.4% last year on sales of 1.65 million vehicles. In fact, the Auburn Hills, MI-based automaker out-paced the industry's market growth of 13 percent last year with sales up 21 percent for the year.
The company also revealed an updated product plan for its Chrysler Group and Fiat brands that looks all the way out to 2016. It's an updated version of the plan introduced in 2009 shortly after Fiat took control of the American automaker, and includes such new additions as an Alfa Romeo model, likely the 4C, to be introduced in the US this year, as well five more Alfa models by 2016. Likewise, Fiat will be growing by an additional seven models in the coming few years.

2020 Alfa Romeo Giulia Luggage Test | Time for an Italian vacation

When it comes to handling and being fun to drive, the 2020 Alfa Romeo Giulia is right at the top. From its engaging and tossable Ti trim, to the totally bonkers Quadrifoglio, Alfa Romeo has some excellent options for those who love to drive. However, we aren’t exploring 0-60 mph times or steering feel today, so letÂ’s see how the Italian sedan holds up when it comes to suitcase stacking. Alfa Romeo doesnÂ’t list an official trunk capacity on its media website or its consumer-facing site, but itÂ’s very similar in size to the last luxury sedan I luggage tested: the 2020 Volvo S60. WeÂ’ll place the estimate to be around 12 cubic-feet. Just by eye-balling it, Alfa appears to be on the smaller side of the spectrum here, with its competition being the BMW 3 Series, Audi A4, Mercedes-Benz C-Class and several others. Note that I use different equipment than Riswick out in Portland: Two carry-on suitcases sized (24 inches long, 15.5 wide, 10 deep); one carry-on suitcase (21.7L x 13.7W x 9 D); one medium-size suitcase you have to check (24.5L x 16.8W x 11.5D) and two larger, full-size suitcases (33.8L x 21.5W x 13D) and (28.1L x 18W x 10.5D). It's not a power trunk, but you can pop it via the fob, a button by the driver footwell or a button on the trunk itself. Once open, I started with the carry-on suitcases. All three of those fit when turned on their sides, but a fourth would be impossible to squeeze in using that formation. ThatÂ’s due to the GiuliaÂ’s trunk becoming more restrictive in both depth and width deeper inside of it. YouÂ’ll notice the curved intrusions at the back of the trunk pictured below. They make shoving a suitcase all the way back in there impossible, as there isnÂ’t enough space next to the other three suitcases. The opening itself is rather small, too, forcing me to contort the suitcases as I lay them in. Instead, I decided to stick the fancy bag (22L x 8.8W x 12D) in there. ItÂ’s smaller and better suited to the space that remains, fitting perfectly within that nook. ThatÂ’s not ideal, but plenty of room for two people on a longer getaway. Next up: full-size suitcases. One of them fit right in without issue, but the second full-sizer I use for testing would not. Once again, this is due to the width restrictions imposed by the trunk walls coming in on both sides at the back. I did manage to fit the medium-size suitcase next to the one full-sizer if both were turned on an angle.

Audi rumored to buy Alfa Romeo, officials deny it

For more than two years, Volkswagen has been making public statements about its willingness to buy Alfa Romeo and quadruple the Italian brand's sales, and for just as long, Fiat CEO Sergio Marchionne has replied with some version of "Mr. Piëch, drop it." According to a report in Ward's Auto, all that jousting might be over: it claims that sources close to both Marchionne and Audi CEO Rupert Stadler admit that the two are in talks for Audi to buy not just Alfa Romeo, but a production plant in Italy. In fact, a final deal could possibly include partsmaker Magnetti Marelli.
Against that backdrop, a report by German news weekly Stern quotes a Fiat spokesmen as saying it doesn't comment on rumors and an Audi rep has said flatly that "There is no substance in the news." If a sale is being arranged, the timing would seem to point to how eager Fiat is to raise cash to complete its major initiatives. Even though Alfa Romeo continues to delay its return to the US, it just showed off the production version of the 4C at the Geneva Motor Show (shown above) and said that preferred Fiat dealerships here would get them. Then there's Alfa's recently concluded deal with Mazda to develop a roadster based on the next generation MX-5 Miata - a deal that would seem to help both the Italian and Japanese brands.
The monetary issues are troublesome, though. Fiat is taking a beating in the European market and its weak-kneed balance sheet is delaying gotta-have-it products like the Jeep Cherokee. Fiat has been talking to banks about getting money to buy the rest of Chrysler and those financial institutions have also raised issues about debt and cash reserves, and the nasty game of chess Fiat is playing with the United Auto Workers (and now the court system about the portion of Chrysler it doesn't own) could end up blowing another hole in Marchionne's plans. It is possible that this could finally have convinced Fiat to at least see how serious Audi's parent company, Volkswagen, is about buying Alfa Romeo. Or it could be just another rumor.