Dodge Durango Slt 2002 on 2040-cars

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Chrysler banks $507 million in Q2, trims 2013 earnings forecast

Chrysler has some good news and some bad news. First, profits were up 16 percent over the second quarter of 2012, bringing the Auburn Hills, Michigan-based manufacturer $507 million on the back of strong demand for trucks and SUVs (a recurring theme this quarter, particularly in the US). Q2 revenue was up as well, from $16.8 billion in 2012 to $18 billion in 2013. The bad news is that the Pentastar's overall earnings forecast for net income in 2013 has been trimmed from $2.2 billion to between $1.7 and $2.2 billion, according to Automotive News.
In addition to the adjusted net income forecast, Chrysler tweaked its operating profit from $3.8 billion to between $3.3 and $3.8 billion. This has gone largely unexplained by Chrysler, perhaps hoping the news of a three-percent increase in its transaction prices for Q2 will allow it to sweep this adjustment under the rug.
The star of the show for Chrysler has been its US sales, which saw a 10-percent jump, both bettering the industry average of eight percent and improving over the same stretch of 2012. As with the increase in transaction prices, Chrysler has the new Ram pickup and Jeep Grand Cherokee to thank. Perhaps most worrying from this report, though, is that every brand in the automaker's stable saw an increase in sales... except for the Chrysler brand itself.

1985 Dodge Omni GLH | eBay Find of the Day

Cars from the 1980s weren't exactly known for performance. The muscle car days had ended a decade prior, and computer controls and precision engineering standards were still in their infancy. But that doesn't mean the decade was a complete loss for automotive enthusiasts. For proof, take a look at this 1985 Dodge Omni GLH that's currently for sale on eBay. Carroll Shelby's affiliation with Ford was in hiatus (and under litigation in court), but the legendary tuner wasn't content to sit around and do nothing. Shelby turned to Dodge right around the time that the American company was dipping its toes into turbocharging. The partnership led to several interesting vehicles, but perhaps none of them were as unexpected as the Shelby-modified Omni hatchback. The '85 GLH you see above is powered by a turbocharged 2.2-liter four-cylinder engine that sends 146 horsepower to the front wheels through a five-speed manual transmission. These days, that might not sound like a lot of power. But when you consider that the base LG4-code 305-cubic-inch V8 in the Chevy Camaro Z28 spun out 155 hp that same year, you start to understand why the Shelby Omni was a big deal. Suspension changes to the Omni GLH included stiffer springs, firmer shocks, and a lowered ride height that dropped the bodywork closer to its 15-inch aluminum wheels. GLH badging — which, in true Shelby fashion stood for "Goes Like Hell" — and blacked-out bodywork rounded out the updates. Dodge sold 6,513 Omni GLH models in 1985, and just 3,509 were equipped with the turbocharged engine. You'll have to look long and hard to find one that's nicer than this on eBay. The seller claims it's mostly in original condition, and its low odometer reading of 15,901 miles seems to back that up. It's located in Wixom, Michigan, with an asking price of $18,900.

Dodge has released 500 million horsepower onto American roads since 2005

Dodge started using horsepower to measure sales when it launched its Power Dollars rebate program in August 2019. The clever campaign has paid off, and the company reached its goal of putting 500 million horsepower in the hands of enthusiasts two months ahead of schedule. The ongoing Power Dollars program rewards buyers who think big when it comes to their car's specifications sheet. Motorists in the market for a 2019 Challenger, a 2019 Charger, or a 2019 Durango can save $10 for every horsepower their future car's engine generates. There's no replacement for displacement here; the more horsepower you take on, the more discount you'll see when you sign the dotted line. The 797-horsepower Challenger Hellcat Redeye is eligible for a $7,970 discount, for example, while the tamer Charger SXT with a 3.6-liter, 292-horsepower V6 between its fenders costs $2,920 less. The Journey got excluded from the deal. When Dodge announced the program, it explained it had put 485 million horsepower in the hands of enthusiasts since bringing back the Charger and the Challenger in 2005 and 2008, respectively, and it hoped to break the 500 million threshold by the end of 2019. Mission accomplished. Putting horsepower in the bargain bin lured a surprising number of buyers into showrooms. Dodge notably sold 18,031 examples of the Challenger during the third quarter of 2019, a record-setting figure that represents a 21% increase over the same time period in 2018. The Challenger was more popular than the Ford Mustang and the Chevrolet Camaro, its main rivals. The Charger posted its best third quarter in 13 years with 26,060 sales, a 46% increase over the third quarter of 2019, which is remarkable considering its age. Finally, 2019 might end up being the Durango's best year since 2005. As of the third quarter, year-to-date sales are up 6% to 52,622. Enthusiasts who want to configure the Challenger, Charger, or Durango of their dreams need to act quickly, because Dodge will stop taking orders for 2019 model-year cars on October 23 — that's this Wednesday. Those willing to take home a car from a dealer's inventory will be able to claim the Power Dollars rebate until January 2, 2020.