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Fiat Chrysler's profit boosted by Ram and Jeep in North America

MILAN/DETROIT — Fiat Chrysler took the market by surprise by sticking to its full-year profit guidance on Wednesday after a strong performance from its Ram pickup truck in North America helped it defy an industry slowdown. Chief Executive Mike Manley, in FCA's first earnings release since a failed attempt to merge with France's Renault, also left the door open to that or other deals. "We are open to opportunity," Manley said on a call with analysts. "I have no doubt why there still would be interest in it," he added, when pressed on what it would take to revive talks with Renault. Manley declined to comment further. FCA last month abandoned its $35 billion merger offer for Renault, blaming French politics for scuttling what would have been a landmark deal to create the world's third-biggest automaker. Manley said a merger was not a must-have and Fiat Chrysler's business plan was strong. The company said it remained confident its adjusted earnings before interest and tax (EBIT) would top last year's 6.7 billion euros ($7.5 billion). Given disappointing forecasts from other automakers this earnings season, FCA's confirmation of the outlook sent Milan-listed shares in the Italian-American automaker, whose other brands include Jeep, up over 4%. A broad-based auto sales downturn has rattled the sector, forcing FCA's competitors — including Renault, Daimler and Aston Martin — to cut their sales forecasts after second-quarter results, while U.S. carmaker Ford gave a weaker-than-expected 2019 profit outlook. Japan's Nissan, a long-term partner of Renault, said it would cut 12,500 jobs by 2023 after its earnings collapsed. In the second quarter FCA's adjusted EBIT totaled 1.52 billion euros, versus analysts' expectations of 1.43 billion euros, according to a Reuters poll. FCA's U.S. shipments were down 12% in the second quarter but the group said that the successful performance of its Ram brand resulted in an enhanced share of the large pickup truck market of 27.9%, up 7 percentage points from last year. Adjusted EBIT margin in North America rose to 8.9% from 6.5% in the first quarter, thanks to strong demand for the heavy-duty Ram and the new Jeep Gladiator pickup. Chief Financial Officer Richard Palmer also said FCA expected to report up to 10% margins in the region in both the third and fourth quarters.

The Hemi deserves to die | Opinion

Hi. I'm Byron and I love V8s. I want them to stick around for a long, long time. But not all V8s are created equal, and I will not mourn the passing of the modern Hemi. You shouldn't either. While we may agree that its death is untimely, if you ask me, that's only because it came far too late.  Stellantis’ announcement of its new, turbocharged inline-six that is all but guaranteed to kill off the Hemi V8 has led to quite a few half-baked internet takes. The notion being suggested by some, that automotive media were brainwashed into believing the Hemi was in need of replacement, is so far divorced from reality that I openly guffawed at the notion. Journalists have been challenging Chrysler, FCA and now Stellantis for years to deliver better high-performance engines. The response has always been the same: “Why?” Why replace a heavy V8 with a lighter, all-aluminum one? Why repackage powertrains for smaller footprints and better handling vehicles? Why be better when “good enough” sells really, really well? I too mourn the departure of good gasoline-burning engines, but since when was the Hemi one? HereÂ’s a quiz: Name every SRT model with an all-aluminum engine. TimeÂ’s up. If you named any, you failed. They donÂ’t exist. This isnÂ’t GMÂ’s compact, lightweight small-block, nor is it a DOHC Ford Coyote that at least revs high enough to justify its larger footprint. The Hemi is an overweight marketing exercise that happened to be in the right place at the right time. That time was 2003, when Chrysler was still Chrysler — except it was Daimler-Chrysler and the "merger of equals" was doing a bang-up job of bleeding the company's cash reserves dry while doing virtually nothing to address its mounting legacy costs. "That thang got a Hemi?" was emblematic of the whimsical, nostalgia-driven marketing of the colonial half of the "marriage made in heaven." That was 20 years ago. 20 years prior to that, emissions-choked American V8s were circling the drain faster than a soapy five-carat engagement ring in a truck stop sink.

2022 Ram 1500, HD lineup and ProMaster all updated with Uconnect 5 infotainment

Uconnect 5 is making its way through the Stellantis portfolio, and today it’s RamÂ’s turn to get the redesigned infotainment system. ItÂ’s coming to all 2022 Ram products, including the Ram 1500, Ram HD lineup and even the ProMaster. The most important of the above products getting Uconnect 5 is the 2022 Ram 1500, though. Ram has adapted its system to run on the vertical 12-inch touchscreen that debuted in that truck. WeÂ’ve enjoyed using the previous version of Uconnect with that screen layout, and given our pleasant experiences with Uconnect 5 already, we have a feeling this update will only make things better. You can check out some of the systemÂ’s nitty gritty details in our Uconnect 5 reveal post, but Ram also spelled out some of the important — and even truck-specific — details for us with its announcement today. For one, the Ram version of Uconnect 5 allows specific customization of the home screen to display a bevy of powertrain gauges during heavy towing scenarios. It also features RamÂ’s “Off-Road Pages” (similar to SRTÂ’s Performance Pages) to give you detailed off-road data for your truck. Fleets should enjoy newly-available telematics data, which is one reason Ram added this new system to the ProMaster (shown just above). Uconnect 5 allows third-party companies to collect data on vehiclesÂ’ status through the cloud in order to better monitor them. Ram suggests this will increase efficiency when it comes to reporting accidents, getting vehicles in for maintenance and making decisions about routes and vehicle appropriation. Of course, added efficiencies ultimately mean less money out of pocket for the folks running the fleet. Just like other Stellantis models with Uconnect 5, the Rams will enjoy wireless Apple CarPlay and wireless Android Auto (now capable of going full screen on the 12-inch display), an updated navigation system with more capabilities, Amazon Alexa integration for voice services and the ability to be updated via over-the-air updates. Ram did not specify when Uconnect 5 would start appearing in 2022 models, but we suspect itÂ’ll be soon for all of them. Related video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.