2.4l Air Conditioning Dual Air Bags Intermittent Wipers **** No Reserve**** on 2040-cars

Auto blog

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.

Here's how to build the Hellcat-powered Dodge Magnum/Charger widebody wagon of your dreams

Dodge would undoubtedly offer a fire-breathing, Hellcat-powered variant of the Magnum if the model was still in production. It retired in 2008, and it's not coming back anytime soon, so Las Vegas-based tuner Jaye Fab is taking the matter into its own hands. It's developing a conversion kit that transforms an unsuspecting Magnum into a wide-bodied Charger wagon, and it plans to make it available to the public in the near future. If the name Jaye Fab sounds familiar, it's likely because it already made headlines in 2015 when it grafted the front end of a Charger onto a Magnum, gave the wagon a coat of can't-miss-it red paint, and drove it to SEMA. Its latest project takes the concept of a modern-day Dodge wagon a step further with a full body kit that includes wide fender flares and side skirts, among other add-ons. It's a work in progress, but we can already tell it's going to turn more than a few heads when it's finished. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. We don't know which engine the donor Magnum was powered by when it drove into Jaye Fab's shop. What's more interesting is the one it will leave with: a supercharged 6.2-liter Hellcat V8 from a Charger. The eight-cylinder develops 707 horsepower and 650 pound-feet of torque in its standard configuration, and we wouldn't be surprised if it picks up a few additional horses before Jaye Fab lets it loose on the streets of Las Vegas. The firm has done a stellar job at documenting the build on its Instagram account, and AutoEvolution learned it plans to make the kit available to Magnum owners who want a more modern-looking front end in the not-too-distant future. The mighty Hellcat V8 isn't included, but Mopar sells crate engines in search for tires to roast.

MotorWeek revisits the awesome, original Dodge Viper

MotorWeek is bringing the automotive world a wonderful blast from the past with its latest Retro Review. Not only does the video feature the now-famous, original Dodge Viper, but this is also a chance to watch one lapping Pocono International Raceway in a test of track prowess. This segment was MotorWeek's first chance to unleash the Viper around a racecourse, and the show took advantage of the opportunity. In addition to the usual 0-60 mph and quarter-mile tests, the 400-horsepower V10 is let loose to do lap after lap. The clip offers a great dose of nostalgia and is worth a watch to remember the intense enthusiasm surrounding the Viper at the time.