1997 Dodge Neon Sport 2-door Dohc Custom Turbo Build Needs Work on 2040-cars

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Fiat Chrysler profit up as it closes in on retiring its debt

MILAN — Fiat Chrysler Automobiles reduced its debt by more than expected in the first quarter, putting the carmaker well on course to become cash positive later this year. Chief Executive Sergio Marchionne expects to cancel all debt during 2018 — possibly by the end of June — and generate around 4 billion euros ($5 billion) in net cash by the end of the year. Marchionne has said that forecast does not include any one-off measures, nor the impact of the planned spinoff of parts maker Magneti Marelli, which he hopes to execute by early 2019. The world's seventh-largest carmaker said on Thursday net debt had fallen to 1.3 billion euros ($1.6 billion) by the end of March, well below a consensus forecast of 2.6 billion euros in a Thomson Reuters poll of analysts. FCA said capital spending fell 900 million euros in the quarter due to "program timing," which analysts said implied higher investments for the rest of the year. The Italian-American group said first-quarter operating profit rose 5 percent to 1.61 billion euros, below a consensus forecast of 1.74 billion, as a weaker performance from its North American profit center weighed. Shipments there were higher due to the new Jeep Wrangler and Compass models. But currency moves hit revenues and earnings, and costs related to new product launches added to the pressure. FCA's shift to sell more trucks and SUVs boosted margins yet again in North America to 7.4 percent from 7.3 percent in the same quarter a year ago, although they were down from the 8 percent recorded in the preceding three months. Marchionne, preparing to hand over to an internal successor next year, is close to his goal of ending a margin gap with larger U.S. rivals General Motors and Ford. The 65-year-old has said becoming debt free and being able to compete on a par with U.S. peers would mean FCA no longer needed a partner to survive and could well succeed on its own. The CEO has previously said tying up with another carmaker would help to meet the huge costs in an industry investing in electric vehicles and automated driving. FCA shares fell immediately after the results, but recovered to trade up 3 percent at 19.71 euros by 1150 GMT, outperforming a 0.4 percent rise in Europe's blue-chip stock index. ($1 = 0.8214 euros) Reporting by Agnieszka FlakRelated Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.

The Dodge Demon's massive hood scoop sucks air like a jet intake

You know what they say about cars with big hood scoops? They usually hide big blowers. At least that's the case with the Dodge Demon and its 45-inch wide hood scoop, the largest ever fitted to a factory production car. The fifth Demon teaser, "Forced Induction," shows off the increased capacity of the car's air intake and the resurrection of the Air Grabber hood scoop on Dodge's upcoming quarter-mile killer. View 4 Photos As with previous teasers, few details have been given outside of the Subaru-trouncing scoop's dimensions. Dodge says the scoop drops air inlet temperatures by more than 30 degrees. Where the more pedestrian Hellcat only has one air catcher headlight, both inner lights on the Demon are used to feed in air. The hood itself appears to channel air in and to the right into a new airbox that appears to be fitted with a K&N-style filter. Dodge seems intent on preventing any asthma issues with the new car. Standing in front of the car might literally take your breath away. Outside of that, the images don't show any new cryptic messages like previous teasers, or at least none that we can spot. One thing we did notice was that the engine block appears to be painted red, not orange like on the Hellcat. Doing some back and forth comparison also shows that the supercharger appears to be the same size as the current one. Of course, this is all speculative, so if you spot anything, drop a note in the comments. Related Video:

South Dakota dealer filled to brim with classic cars

Other than the Sturgis Motorcycle Rally and Mount Rushmore, South Dakota isn't generally a hot topic, but that just means that cool stuff can hide in the open waiting to be discovered. Case in point: the classic car dealer Frankman Motor Company that operates three locations in Sioux Falls, SD.
Unearthed by the folks at Bring a Trailer, Frankman is a treasure trove of vintage, American iron. Their collection is full of the type of vehicles your irresponsible but cool uncle would show up with when you were a kid. Even better, these cars are priced at a level a working man can afford.
If you are lusting about a cruiser then Frankman has a 1956 Cadillac Deville Hard Top Sedan (pictured right) with 82,896 miles for $12,975. It's painted a color called Cascade Grey, but looks more like a pastel purple in pictures. While it needs some repairs to the accessories, the Caddy runs and drives, which is all you really need.