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China orders Jeep to investigate Wrangler fire risk

It's been some time since we've heard anything about fires related to the Jeep Wrangler (foreign or domestic), but it sounds like the go-anywhere SUV could be in hot water once again in China. Bloomberg is reporting that the Chinese government is ordering Jeep to investigate the matter and, in the meantime, also recommending Wrangler owners to not drive their vehicles in "extreme conditions" due to a "relatively high risk" of catching on fire.
There is no indication as to how many vehicles or which model years are affected, but the previous fire problems in both the US and China - which led to investigations but no recalls - were traced back to automatic transmission fluid leaks. The article, however, does not say what the potential problem is this time around as Jeep has not released a comment on the matter. The official notice, in Chinese, can be found here.

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.

Fiesta-sized Jeep coming in 2014

We've heard rumors before about a new, baby Jeep to slot below the new-for-2014 Cherokee (pictured) in the automaker's lineup. Now, Edmunds is reporting that the new crossover will arrive sometime in 2014, and will be about the same size as the Ford Fiesta. This currently unnamed vehicle will effectively replace both the Compass and Patriot in the Jeep lineup.
Speaking to Edmunds, Jeep CEO Mike Manley said that the new, small Jeep will be assembled in Italy and marketed globally beginning sometime next year. Manley did not provide many details on the new model, but did say that it will be 4.2-meters (165 inches) long. The Cherokee, by comparison, is 4.6-meters long (181 inches). Furthermore, Edmunds reports that while the new small Jeep will offer diesel power in other markets, there are no plans for an oil-burning version here in the US.
Many other automakers are exploring this smaller crossover segment here in the US. General Motors recently launched the Buick Encore, which is loosely based on the Chevrolet Sonic subcompact's platform. Ford has already launched its Fiesta-based EcoSport in other markets, and has reportedly been pondering the idea of offering it in the US, as well.