1998 Jeep Cherokee Xj 2 Door Rock Crawler 35" on 2040-cars

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Fiat Chrysler profit up as it closes in on retiring its debt

MILAN — Fiat Chrysler Automobiles reduced its debt by more than expected in the first quarter, putting the carmaker well on course to become cash positive later this year. Chief Executive Sergio Marchionne expects to cancel all debt during 2018 — possibly by the end of June — and generate around 4 billion euros ($5 billion) in net cash by the end of the year. Marchionne has said that forecast does not include any one-off measures, nor the impact of the planned spinoff of parts maker Magneti Marelli, which he hopes to execute by early 2019. The world's seventh-largest carmaker said on Thursday net debt had fallen to 1.3 billion euros ($1.6 billion) by the end of March, well below a consensus forecast of 2.6 billion euros in a Thomson Reuters poll of analysts. FCA said capital spending fell 900 million euros in the quarter due to "program timing," which analysts said implied higher investments for the rest of the year. The Italian-American group said first-quarter operating profit rose 5 percent to 1.61 billion euros, below a consensus forecast of 1.74 billion, as a weaker performance from its North American profit center weighed. Shipments there were higher due to the new Jeep Wrangler and Compass models. But currency moves hit revenues and earnings, and costs related to new product launches added to the pressure. FCA's shift to sell more trucks and SUVs boosted margins yet again in North America to 7.4 percent from 7.3 percent in the same quarter a year ago, although they were down from the 8 percent recorded in the preceding three months. Marchionne, preparing to hand over to an internal successor next year, is close to his goal of ending a margin gap with larger U.S. rivals General Motors and Ford. The 65-year-old has said becoming debt free and being able to compete on a par with U.S. peers would mean FCA no longer needed a partner to survive and could well succeed on its own. The CEO has previously said tying up with another carmaker would help to meet the huge costs in an industry investing in electric vehicles and automated driving. FCA shares fell immediately after the results, but recovered to trade up 3 percent at 19.71 euros by 1150 GMT, outperforming a 0.4 percent rise in Europe's blue-chip stock index. ($1 = 0.8214 euros) Reporting by Agnieszka FlakRelated Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.

2018 Jeep Grand Cherokee Trackhawk is more expensive than the Dodge Demon

Jeep has finally released pricing for its crazy, all-wheel-drive, Hellcat-powered Grand Cherokee, and it's seriously expensive. It starts at $86,995. That's a full $2,000 more than the limited-production, 840-horsepower Dodge Challenger SRT Demon. For 140 fewer horses, and a quarter-mile time that's 2seconds slower (11.6 seconds vs. 9.6), you'll spend more money. Then again, the Grand Cherokee can do things the Demon and the Hellcats can't. It's got more space than any of them, meaning you can carry quite a bit more. It's capable of towing up to 7,200 pounds of stuff. It also has all-wheel drive, which means you have a little extra traction in bad weather, and you have the opportunity to do spectacular four-wheel burnouts. And of course, the Trackhawk is still fast and capable by any measure. It's only a tenth of a second slower to 60 mph than the Challenger Hellcat Widebody. It also comes with massive Brembo brakes, with the largest front rotors fitted to a Jeep, to haul it down from 60 mph in a claimed 114 feet. Each corner features 295-mm tires that Jeep claims let the Trackhawk generate 0.88g circling a skid pad. If the Trackhawk sounds like just the absurd performance machine you've been waiting for, you'll be able to put your order in soon. Dealers will accept orders starting Aug. 10, and the vehicles will start arriving at dealer lots toward the end of the year. Related Video: Featured Gallery 2018 Jeep Grand Cherokee Trackhawk View 45 Photos Image Credit: Jeep Jeep SUV Performance

Jeep: Beautiful Lands

Jeep emphasized the global nature of its all-new Renegade in a 90-second spot during the 2015 Super Bowl. Starting out in America, and with This Land is Your Land playing in the background, the spot splices images of the all-new Renegade with scenery from across the United States. As a global product and the first Jeep built outside the US, though, the spot quickly moves beyond America's borders, showing Renegades, people and scenery from around the globe. As for the Renegade, you can read all about it in our First Drive.