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Fiat Chrysler CEO: No plans to sell brands to Chinese

DETROIT — Fiat Chrysler Automobiles (FCA) has no intention of breaking up the company or selling individual brands to China or other parties, the company's chief executive said on Monday at the Detroit Auto Show, adding that the group was counting on its coveted Jeep brand to drive future profits. "We're not going to break up anything," Chief Executive Sergio Marchionne said at a news conference at the Detroit Auto Show. "We have no intention of breaking it up and giving anything to the Chinese." Marchionne said the Jeep sport utility vehicle brand could help FCA double its net profit. FCA's portfolio also includes luxury Maseratis, sporty Alfa Romeos and tiny Fiats. FCA's share price has jumped more than 30 percent this year on a bullish outlook for the auto sector, Jeep growth expectations and speculation that Marchionne's final year at the helm could prompt strategic deals such as spinoffs, technology alliances and disposals. The popularity of the Jeep brand, which is targeting sales of 2 million vehicles this year, has prompted talk it could be spun off from the group, as happened with tractor maker CNH Industrial and supercar group Ferrari, or sold off. Rumors have resurfaced that Guangzhou Automobile Group might be interested in snapping up part of FCA. Marchionne said on Monday that while GAC has partnered to deliver Jeeps to the Chinese market and FCA is talking to the Chinese automaker about helping it enter the U.S. market, "none of these things are designed to impact on the independence of FCA." FCA has often been the subject of merger speculation, especially after its unsuccessful 2015 attempt to tie up with larger U.S. rival General Motors. Its share price jumped to record highs in August after reports of interest from China's Great Wall Motor Co and South Korea's Hyundai. Marchionne said while both Jeep and truck brand Ram are strong enough to exist on their own, "we need to talk about ... what will be left behind." Marchionne said he has recommended to the company's board that the automaker spin off Magneti Marelli, a maker of components for lighting, engines, electronics, suspension and exhausts, to shareholders by the end of 2018. Marchionne confirmed FCA's targets for 2017 and for 2018, including a plan to erase all debt and generate up to 5 billion euros ($6.14 billion) in net cash.

2.1 million vehicles recalled again over faulty airbags

Fiat Chrysler Automobiles, Honda and Toyota will recall 2.1 million vehicles to fix faulty airbag modules "after the manufacturers' original attempts to fix the defects proved ineffective in some vehicles." These vehicles had all previously been recalled, but the National Highway Traffic Safety Administration found that the airbags could still potentially malfunction. This recall will cover Acura MDX, Dodge Viper, Jeep Grand Cherokee, Honda Odyssey, Pontiac Vibe, Toyota Corolla, Toyota Matrix and Toyota Avalon models made in the early 2000s. NHTSA has reportedly received about 40 reports of airbag deployment in such vehicles, even though the vehicle had not been involved in a crash. Roughly one million of these same vehicles, all from Honda and Toyota, are also subject to recalls due to faulty Takata airbag modules, though this particular recall is for "an electronic component manufactured by TRW" that is separate from the actual airbags from Takata. According to NHTSA Administrator Mark Rosekind: "This is unfortunately a complicated issue for consumers, who may have to return to their dealer more than once. But this is an urgent safety issue, and all consumers with vehicles covered by the previous recalls should have that remedy installed. Even though it's a temporary solution until the new remedy is available, they and their families will be safer if they take the time to learn if their vehicle is covered and follow their manufacturers' instructions. A hassle is much better than a family tragedy." If you're the owner of an affected car, expect to hear more from the official automaker and government channels in short order. In the meantime, we'd suggest getting your car checked and fixed at your local dealer. The official statement and recall information can be found below. Previously Recalled Vehicle Remedies Not Working as Designed; NHTSA Announces Follow up Recall of 2.12 Million Cars and SUVs Saturday, January 31, 2015 Contact: Gordon Trowbridge, 202-366-9550, Public.Affairs@dot.gov WASHINGTON – U.S. Transportation Secretary Anthony Foxx announced today the recall of more than 2.12 million Acura, Dodge, Jeep, Honda, Pontiac, and Toyota vehicles for a defect that may cause airbags to deploy inadvertently. The recalls will provide vehicle owners with a new remedy after the manufacturers' original attempts to fix the defects proved ineffective in some vehicles.

2018 Jeep Wrangler spy shot mega gallery

We've already seen the 2018 Jeep Wrangler in official shots from the automaker. But there were only three, and they showed off only two of the many trim levels we're sure will be offered. So, feast your eyes on this spy shot mega gallery, which puts on display both two- and four-door Wrangler models in Sport, Sahara, Rubicon, and Overland guises. There are more than 40 images here, so take your time before coming back to finish reading. Done? OK, good. There are a few interesting bits worth obsessing over, starting with the two-door Rubicon in black. Obviously, there's no front bumper on this prototype. We can't say for sure whether that's because it's been out testing in its natural habitat, but we can clearly see the potential for top-shelf approach angles. We also get a good look at the removable soft top, which has nice, big, open side windows without the diagonal strip of opaque vinyl cutting through. There are five different four-door Wrangler Unlimited models in this gallery (not including the Wranglers of the last slide that are shot from further away), in Sport, Sahara, and Rubicon trim levels. We see soft tops (with what we hope are preproduction rear windows that don't line up very well) and hard tops in both matte black and body color. Clearly, the hardtops have removable sections for an open-air experience without the hassle of completely pulling off the entire outer shell. Also note that the black Unlimited Overland (with silver highlights and mirrors) is an export-only trim. Finally, take a look at the interior shots at the end of the gallery. We're not sure which model we're looking at, but it's a bit incongruous to see a contrast-stitched and leather-covered dash with a small UConnect touchscreen surrounded by a bunch of hard plastic. Thankfully, we're sure that a larger LCD will be optional, along with a cool body-color dash panel and an additional screen between the two main gauges. The interior we see in this spy gallery shows the eight-speed automatic shifter sitting next to a console-mounted four-wheel-drive shift lever. We've heard that multiple 4x4 systems will be available, including one safe to engage for full-time four-wheel-drive. Related Video: