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FCA profits surge in second quarter

Fiat Chrysler Automobiles gave the cash register a beating in the second quarter, improving its net profit to 333 million euros ($364M US), which is a 263-percent jump over its reported Q1 profit of 92 million euros ($108M US). At the same time, FCA improved its global profit margin to 7.7 percent. Compared year-over-year, in Q2 2014 FCA reported net profit of 197 million euros making this year's Q2 a 69-percent increase, and profit margins a year ago were 4.9 percent. The two big factors for this increase are strong NAFTA sales and Jeep. In the US alone, Jeep sold 222,940 units in Q2 this year, a jump of almost 20 percent over the same period last year. Revenue in the NAFTA region totaled $18.8 billion, adjusted earnings before interest and taxes were $1.45 billion, both of those numbers more than doubling compared to 2014. The vastly better numbers come on marginally more global sales, 1,181,000 units sold in Q2 2014, 1,193,000 units sold in the same span this year. In the US, FCA began charging dealers one-percent more for vehicles to up the margins, a move that helped boost its US margin from 4.1 percent a year ago to 5.8 percent the first half of this year. The company is holding steady on its guidance of global deliveries at 4.8 million and its net profit guidance at $1.1 to $1.3 billion. It has increased its adjusted outlook for the year to $120.5 billion in revenue, and EBIT to "over $4.93 billion." News Source: Automotive News - sub. req.Image Credit: AP Photo/Carlos Osorio Earnings/Financials Chrysler Fiat Jeep FCA

Chrysler reveals 6.4-liter 2023 300C: Watch it live

[Update: The 2023 Chrysler 300C has been revealed.] Last week, Chrysler teased a new performance model to be unveiled on the eve of the Detroit Auto Show. The day has arrived, and Chrysler has remained tight-lipped about what exactly it plans to show, but based on the specs in the teaser (and Chrysler's diminutive lineup), we have a pretty good idea what we might see this evening.  Chrysler's teaser included a photo of the wheel from the 300 sedan, which not that long ago was offered in an SRT variant. The big, red Brembo caliper behind the face of this alloy suggests that we could be looking at a revival of the old SRT formula, likely with the combination of the 6.4-liter Hemi V8 and eight-speed automatic transmission — a pairing that was never offered on the old SRT model.  While this certainly isn't definitive, Chrysler said the new variant will be "one of the most powerful and luxurious special edition vehicles" in its brand history. The SRT model based on this generation of the 300 left the market in 2015 with 470 horsepower. Other models with the 6.4-liter offer as much as 485, so there's headroom here for a new model if Stellantis is so inclined. There's also the possibility that a supercharged Hemi could be introduced, or that AWD could enter the mix, but given the sunset status of Chrysler's current internal-combustion powertrains, it's unlikely that such a level of development money would have been thrown at a soon-to-be-discontinued model. But hey, Stellantis, we'd still love to see the Challenger SRT-10. Just saying.  Join us tonight at 6 p.m. EDT to find out exactly what Chrysler has in store. 

Chrysler withdraws from UK market

Ford factors big in the British market, as does GM's Vauxhall brand. But one automaker that will be missing from the UK from here on out will be Chrysler, as the latest reports coming in from the British Isles indicate that the American brand is closing up shop. For the past few years, Chrysler has been selling a combination of its own models as well as rebadged Lancias to British customers, but has been having a tough time making a go of it. After just a few short years of lackluster sales, Chrysler UK ceased selling the Delta, and according to Auto Express, is now withdrawing the 300C and Grand Voyager as well. That leaves just the Ypsilon, which will reportedly continue on an on-demand basis if customers ask for it, but even that will end by 2017. The withdrawal of the Chrysler brand from the British market mirrors that of Lancia, under whose name the same models are sold in continental Europe but which is now being confined strictly to Italy, where it will similarly continue to sell the Ypsilon. Of course that doesn't mean that FCA is withdrawing from the British market altogether. The Fiat, Abarth, Alfa Romeo and Jeep brands will continue being offered in the UK, as will Maserati and Ferrari. Just don't expect to see many wing-badged Chryslers on the high street anymore – not that you would have until now. Last year the Chrysler brand reportedly sold fewer than 2,000 units in the UK, compared to the 10,000+ examples of just the Fiat 500 it moves there every month. Related Video: Featured Gallery 2012 Chrysler Ypsilon News Source: Auto ExpressImage Credit: Chrysler Chrysler Lancia chrysler ypsilon