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Chrysler nets $1.6B income in Q4, Fiat profit up 5%

Chrysler announced its 2013 financial results today and unveiled its new name and decidedly bank-like logo. Amid the announcement, Chrysler posted big gains in income, while Fiat didn't perform to analysts' expectations.
For 2013, Chrysler had revenue of $72.1 billion, up 10 percent from 2012. Net income reached $2.8 billion, a 65-percent increase. It was the company's third straight year of annual profits.
In terms of unit sales, Chrysler sold 2.4 million cars worldwide in 2013, up 9 percent. According to Automotive News, 1.8 million of those vehicles were sold in the US, a 14-percent increase. The sales growth boosted Chrysler's US market share to 11.4 percent, up 0.2 percent.

Fiat 695 Abarth 70th Anniversary is the most absurd and awesome Fiat 500 variant yet

Fiat recently told us it would be discontinuing the Fiat 500 hatchback and convertible in America, but Europe still enjoys small cars. There, Fiat just took the wraps off the nuttiest and most shocking 500 variant of all, the 695 70th Anniversary edition. Although we won’t be getting it in America, we can't help but gawk at that spoiler. Look at it! Abarth went all out with this manually adjustable spoiler, naming it “Spoiler ad Assetto Variabile.” There are 12 different settings, varying from 0 degrees to 60 degrees in full attack. Fiat says its highest downforce setting provides 92.6 pounds of downforce at 124 mph. Testing was done in an Italian wind tunnel, ensuring the wingÂ’s functionality. It also says “Abarth” on it in big lettering, making it even cooler. The Fiat 695 Abarth is a tribute to the 70th anniversary of Abarth, which was founded in 1949 by Carlo Abarth. Only 1,949 will be made, and itÂ’s more than just the wing that sets it apart. All of the anniversary cars will get a full body kit, contrasting with the main paint color. A checkered roof and Abarth Scorpion stickers will also set it apart from other 500s. Additionally, Fiat is equipping all of them with the vocal Record Monza exhaust, a limited-slip differential, bright-red Brembo brake calipers and special 17-inch alloy wheels.  On the interior, folks will get “Sabelt Tricolor” seats only meant for this special edition car — theyÂ’re black, but they have the Italian flag colors on the headrest. Power remains the same as a regular 695 Abarth, putting out 180 horsepower and 185 pound-feet of torque from the 1.4-liter turbocharged four-cylinder. YouÂ’ll be able to hit 62 mph in 6.7 seconds with this Abarth and a top speed of 139.8 mph.

2016 Fiat 500X Long-Term Wrap Up | Exceeds expectations

Compact crossovers are on the rise. Most shoppers are young and the competition reflects that. Everything, from our long-term 2016 Fiat 500X to the new Toyota C-HR or the upcoming Hyundai Kona, sells just as much on style as it does on substance. Our time with the 500X shows Fiat's entry into the segment has plenty of both. It's not as compromised as something like the Nissan Juke and not as sterile as the Honda HR-V. It proved to be a solid if occasionally troublesome vehicle. What were those troubles? A few wiring issues within the steering column sent car alarms blazing in the middle of the night. The same issue turned on the wipers when using the turn signal. The issues were fixed after a couple trips to the dealer. So yes, the local Fiat dealer did indeed have to fix it again. We did not confirm if the mechanic was named Tony. Still, it was charming and exceeded most of the Autoblog staff's expectations. Based on previous experiences with Fiats, we weren't sure how the 500X would fare over a year. Not all of our long-term cars leave a lasting impression, but we were sure sorry to see this one leave. Editor-in-Chief Greg Migliore - I always enjoy a night or weekend in the 500X. In fact, it was one of my go-to sign-outs. It's functional. It looks cool inside and out, and it's easy to drive. I dig the small hatchback/crossover vibe. There's room in the trunk for plenty of stuff and the back seat is reasonable for adults. This is the kind of vehicle that could turn Americans on to Fiat. It meets their needs and it's stylishly different. I like driving it. The transmission is a little weird with its shifts, but you get used to it. Sport mode makes the car a lot more responsive and it's a nice feature. The saddle brown interior looks great and held up well, and the exterior is cute with its peering headlights and subtle curves. I actually like driving this car, as opposed to our other recent long-termer, the HR-V, which was dull, slow and lacking in character. You chose the Fiat. You had to take the Honda. Executive Producer Adam Morath - I wanted to love this car, but it just wouldn't let me. First, the good: It's the best looking of the 500 lineup, offers nice utility in a stylish, compact package. The seats aren't going to offer tons of bolstering support, but they are wide and comfortable. Visibility and spacious cabin feel are also pluses. Finally, I love that you can get unique-looking materials to cover the seats.