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Chrysler banks $507 million in Q2, trims 2013 earnings forecast

Chrysler has some good news and some bad news. First, profits were up 16 percent over the second quarter of 2012, bringing the Auburn Hills, Michigan-based manufacturer $507 million on the back of strong demand for trucks and SUVs (a recurring theme this quarter, particularly in the US). Q2 revenue was up as well, from $16.8 billion in 2012 to $18 billion in 2013. The bad news is that the Pentastar's overall earnings forecast for net income in 2013 has been trimmed from $2.2 billion to between $1.7 and $2.2 billion, according to Automotive News.
In addition to the adjusted net income forecast, Chrysler tweaked its operating profit from $3.8 billion to between $3.3 and $3.8 billion. This has gone largely unexplained by Chrysler, perhaps hoping the news of a three-percent increase in its transaction prices for Q2 will allow it to sweep this adjustment under the rug.
The star of the show for Chrysler has been its US sales, which saw a 10-percent jump, both bettering the industry average of eight percent and improving over the same stretch of 2012. As with the increase in transaction prices, Chrysler has the new Ram pickup and Jeep Grand Cherokee to thank. Perhaps most worrying from this report, though, is that every brand in the automaker's stable saw an increase in sales... except for the Chrysler brand itself.

2019 Jeep Renegade gets new turbo engine and new styling

We told you about the European-spec 2019 Jeep Renegade in June, but today we have the low-down on what the U.S. can expect from the refreshed crossover. New for 2019 is a 1.3-liter turbocharged four-cylinder engine that makes 177 horsepower and 200 pound-feet of torque. That means the 1.3-liter boosted four is actually more powerful than the outgoing 160 horsepower 1.4-liter. This engine will be standard on Limited and Trailhawk models but optional on the Sport and Latitude — those cheaper trims will get the carryover 2.4-liter naturally aspirated four-cylinder engine standard. If you option the 1.3-liter, it'll come with stop-start tech as well. Regardless of engine choice, you'll be getting a nine-speed automatic transmission because the existing six-speed manual is MIA for 2019. As a refresher from what we learned before, the Italian-built Jeep crossover gets new front and rear fascias plus new wheel designs to differentiate it from 2018. You can even get 19-inch wheels on Latitude and Limited trims. An available full LED lighting package brings LED headlights, daytime running lights, fog lamps and taillights. Driver assistance features including adaptive cruise control, parallel/perpendicular park assist and front parking sensors are optional as well. There aren't any pictures of the new colors yet, but you can get Slate blue, Sting grey and Bikini paint on your Renegade ... interesting name choice on the last one. Of course, the Renegade will be offered in both front-wheel and four-wheel drive, with the Trailhawk being the most capable of the bunch off-road. Jeep hasn't released official fuel-economy numbers for the 1.3-liter turbo, but it says the smaller engine and active grille shutters should yield an improvement over 2018. Pricing and availability remain a mystery, but we don't imagine it'll be much longer until that information is available. Featured video:

Jeep Cherokee appears in Chrysler's second Super Bowl spot

The second of three spots produced by Fiat Chrysler Automobiles for this year's Super Bowl featured the all-new 2014 Jeep Cherokee. Aired during the game's half time show, the minute-long ad didn't strike as anything new or innovative from an automaker with a reputation for above average Super Bowl spots, but it did show the controversially styled Cherokee in the best light possible.
Called Restless, the commercial shows young, adventurous types doing the sorts of things that young, adventurous types do: surfing, skateboarding, cliff jumping, staring off into the sky with a pensive expression, etc. Scroll down to watch Restless for yourself and let us know in Comments if Jeep managed to hold your attention during half time.