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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.

Jeep Grand Cherokee redesign delayed

The launch of the next-gen Jeep Grand Cherokee is being now being pushed back until late 2018 or even into 2019, Jeep CEO Mike Manley indicated Friday, according to Automotive News citing a Reuters report. Under the original five-year plan, the SUV was supposed to be replaced in the third quarter of 2017. That would have made for a big year for Jeep with a refreshed Renegade and new Wrangler also slated for 2017. A delayed Grand Cherokee could send ripples through Jeep's product plans. The three-row Grand Wagoneer is meant to give the brand a vehicle to take on the Land Rover Range Rover, but it's supposed to use the same platform as the Grand Cherokee. This change is rumored to push that important model's launch further back. There's less uncertainty when it comes to the next-gen Wrangler. Manley said that the model was "broadly on track," according to Automotive News. The five-year plan aimed for a launch in the second quarter of 2017. Controversy, however, has swirled over possible plans to move the Wrangler from its longtime Toledo, OH, factory. One problem Jeep doesn't have to worry about right now is sales. According to Automotive News, Manley said volume was up 20 percent globally and could reach 1.2 million by the end of the year. He also indicated the brand was "on pace" to reach its 1.9-million-vehicle goal for 2018. The Grand Cherokee delay comes in the wake of rumors that FCA US is shuffling around its previous five-year vehicle launch plan to postpone several models. Related Video:

Jeep Wrangler pickup's rear suspension is inspired by Ram

Although we've learned about all there is to know about the new Jeep Wrangler, there is still more to discover about its upcoming truck sibling, such as the rear suspension. We knew it would be coil-sprung, but these new spy shots also indicate that the suspension is more similar to what's under a Ram 1500 than the Wrangler SUV. In the gallery above, the first two images compare the rear suspension of a new-generation 2018 Wrangler (left) and the Wrangler pickup (right). Immediately obvious is that the shocks on the Wrangler SUV are mounted at the back of the axle, while the truck's shocks are mounted at the front. It's also possible to see that the anti-roll bar on the SUV is mounted quite high up, while the truck's bar sits much lower, near the base of the rear axle. The third image shows a Ram 1500 on the left and the Wrangler pickup on the right. Here we can see that the Ram shares the same sort of low-mounted anti-roll bars and forward-mounted shocks, along with a Panhard rod. The two aren't quite the same, though. For one thing, the Wrangler pickup's rear axle looks more like the Wrangler SUV's than the one on the Ram. It's possible that these suspension changes were made in an effort to boost the Wrangler truck's payload capabilities. It's also possible that there are some handling quirks to the long truck body style for which a Ram-style suspension was better suited. We'll look forward to learning more about the differences when the truck is revealed, likely in early 2019. Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.