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Chrysler earns $1.7B in 2012, revises product plans for US

Hot on the heels of Ford's earnings announcement for the year that was, Chrysler today reported a 2012 net income of $1.7 billion, up substantially from the comparatively minuscule $183 million profit earned in 2011 when it repaid its US government loans.
Chrysler's good year ended with an excellent fourth quarter that saw net income rise 68 percent from $225 million in 2011 to $378 million. Where are all those extra earnings coming from? Market share, which Chrysler saw increase to 11.4% last year on sales of 1.65 million vehicles. In fact, the Auburn Hills, MI-based automaker out-paced the industry's market growth of 13 percent last year with sales up 21 percent for the year.
The company also revealed an updated product plan for its Chrysler Group and Fiat brands that looks all the way out to 2016. It's an updated version of the plan introduced in 2009 shortly after Fiat took control of the American automaker, and includes such new additions as an Alfa Romeo model, likely the 4C, to be introduced in the US this year, as well five more Alfa models by 2016. Likewise, Fiat will be growing by an additional seven models in the coming few years.

The Effeffe Berlinetta is a brand new 1960s Italian GT

You're looking at a brand new car, not one that has spent 50 years under a tarp in some barn in the Italian countryside. The vintage-looking Berlinetta, dreamed up by the brothers Frigorio, has been in the works for a number of years now. It was initially unveiled at the Concorso d'Eleganza Villa d'Este two years ago, and the official introduction will be held at the Top Marques show in Monaco next week. As it stands, it offers a fascinating glimpse into the way sports cars used to be built, with virtually nothing to let a casual observer know that it's factory fresh. The drivetrain on the two-seater Berlinetta is classic Italian, using a front-mid-mounted Alfa Romeo Twin Cam four-cylinder, which originally dates back to 1971 in design. Naturally, the two-liter unit is coupled to a five-speed manual gearbox, and the two Weber DCOE carburetors finish off the power figures at 180 horsepower at 6,500 rpm. The car follows classic Alfa Romeo lines, but isn't a direct replica, rather a tribute to Italian GT car building half a century ago – the chassis is a handmade tubular spaceframe and the entire Berlinetta will weigh less than 1,760 lbs. There are disc brakes front and rear, and while the front suspension is independent, the rear relies on a solid live axle complete with a Watt's linkage setup. And – of course – it sits on wire wheels with center knock-off lugs. As for the interior, it will all be custom-made and tailored to the buyer's taste, and each car will be unique. The full Matteograssi leather interior includes a matching luggage set, too, and the driver will be holding a wooden Nardi steering wheel. What kind of price would you expect for something like this? The Frigerio brothers have priced their small-series creation at nearly $320,000. That includes some track time to get to grips with one's new 1960s sportscar, and the chassis settings will be fine-tuned to one's personal preferences. There are plans to widen the portfolio with another model, and we're hoping that will be a drop-top Spider made in the same style. Related Video: Featured Gallery Effeffe Berlinetta View 9 Photos Alfa Romeo Automakers Coupe Special and Limited Editions Classics top marques monaco

Alfa Romeo Stelvio to get a new rear-drive base version

Good news for those who want an Alfa Romeo Stelvio but do not have the need for all-wheel drive: Alfa is reportedly introducing a cheaper, solely rear-drive version. It will still have plenty of power. Car & Driver is reporting that there will be a new, rear-wheel-drive base Stelvio for 2019, one that undercuts the current cheapest Q4 model by $2,000. That would mean a starting price of $41,440. However, the gap will widen slightly as the all-wheel-drive cars will see a price bump for 2019. The base model's only engine option will be the four-cylinder turbo, offering 280 horsepower and 306 lb-ft of torque. The transmission is the eight-speed automatic. C&D also says that the RWD versions will be kitted out more cheaply than AWD models, as a posher Ti version will always come standard with AWD. The new base models are likely to bear Q2 badging to differentiate them from the "quattro per quattro" Q4 models. And, if you're still willng to add a little something to the RWD Stelvio, there will be an available Sport package that offers 19-inch wheels and performance-oriented accessories such as aluminum pedals, painted brake calipers, paddle shifters and more. This does almost negate the price difference between the 2018 and 2019 base models, as it is said to cost $1,800.