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Chrysler reports $166M net income for Q1, down $307M vs. 2012

Preliminary first-quarter results from 2013 have been announced by Chrysler, and the company is reporting a net income of $166 million on revenue of $15.4 billion. Compared to this period last year, net income is down $307 million and revenue has dropped $1 billion.
Chrysler says that its quarter was negatively affected by the costs associated with launching its 2013 Ram Heavy Duty, 2014 Jeep Grand Cherokee and preparation for the return of the all-new 2014 Jeep Cherokee pictured above. The launches should provide a strong second half of 2013, says the automaker. "We remain on track to achieve our business targets, even as the first-quarter results were affected by an aggressive product launch schedule," said Chrysler Group LLC Chairman and CEO Sergio Marchionne.
On a positive note, the automaker says worldwide vehicle sales are up 8 percent from one year ago, a number pushed by a 12 percent bump in U.S. retail sales. In addition, domestic market share has risen slightly, up to 11.4 percent from 11.2 percent last year. Read more in the official statement below.

FCA's shifter fiasco proves novel gear selectors are a bad idea

What's wrong with PRNDL? Why are automakers trying to overly complicate the simple task of selecting gears? If there's any lesson to learn from the recent news that NHTSA is investigating 853,000 Fiat Chrysler vehicles over its problematic gear selectors, it's that the trend of fancy shifters needs to stop. Now. Last year, NHTSA opened an investigation into Jeep Grand Cherokee models, and has now expanded this probe to include the 2012-14 Chrysler 300 and Dodge Charger. The problem? The shifter – assembled by ZF – is confusing for many drivers. "Testing ... indicates that operation of the (electronic) shifter is not intuitive and provides poor tactile and visual feedback to the driver, increasing the potential for unintended gear selection," a NHTSA document states. More than 100 crashes and over a dozen injuries are linked to this problem, according to The Detroit Free Press. To us, the problem isn't just limited to FCA. These unnecessarily novel gear selectors are spreading like wildfire across the industry. Honda and Acura use a weird pushbutton setup. Lincolns have buttons on the dashboard. Jaguar's shifter electronically raises out of the center console. Mercedes uses a stalk with up-for-Reverse, down-for-Drive, push-for-Neutral arrangement. And what the hell is BMW thinking with its M cars? FCA has since abandoned the confusing shifters in question. The 300, Charger, and Grand Cherokee now use the rotary shift dial that's quickly proliferating across the company's brands. Simplistic gear selectors might not be sexy, but no one ever complained about not being able to find the right gear in a Hyundai Sonata. What's most interesting is that this NHTSA investigation could push FCA – and possibly other automakers – to redesign vehicle functions that otherwise operate as designed. Just because most people will never have a problem putting a Dodge Charger in Reverse doesn't mean there isn't a flaw with the design. But perhaps a more simplistic solution – good ol' PRNDL – would have prevented these issues from the start. Related Video: News Source: The Detroit Free PressImage Credit: Copyright 2016 AOL Government/Legal Chrysler Dodge Jeep FCA shifters

2017 Jeep Compass debuts with tiny Grand Cherokee looks

Meet the Jeep Compass. It is, thankfully, completely new and entirely unrelated to the Jeep Compass and Patriot that are on sale now. Bet you almost forgot about that pair. As the new C-Segment SUV in Jeep's lineup, it'll replace both of those models and take a spot in between the Renegade and Cherokee. The new Compass is based on a stretched version of the Renegade platform, what Fiat Chrysler Automotive in a fit of eloquence calls the "Small Wide 4x4" architecture. We expect front-wheel drive as standard and four-wheel drive as a very commonly selected option. The Compass should offer either a 2.0-liter turbo inline-four or a naturally-aspirated 2.4-liter inline-four, both mated to a nine-speed automatic transmission. There's a chance it'll get a manual, but it's a very slim chance. That being said, globally there will be 17 powertrain options, according to FCA, and that may mean US consumers will have more than one choice in the matter. Judging by the first photo above, a an off-road-ready Trailhawk model is a good bet. We've already seen this thing completely uncovered in these spy shots, which were taken in Brazil, where it will be produced, so the overall mini-Grand Cherokee aesthetic isn't a surprise. The interior looks more like the Cherokee's than the Renegade's, however, and you'll notice there's no controversial T-handle shifter in sight. So why didn't we see the new Compass at the New York Auto Show, like everybody expected? Jeep says it's because it wanted the reveal to occur at the plant that's going to build the thing, highlighting the importance of the South and Central American markets for the brand. There will be a North American debut with more information coming at the LA Auto Show in November, so we won't have too long to wait for more details. As originally planned, the Compass should hit American dealerships in early 2017. Featured Gallery 2017 Jeep Compass Revealed in Brazil Jeep Crossover SUV Off-Road Vehicles jeep compass jeep patriot