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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.

New 2018 Jeep Wrangler is definitely a Jeep Wrangler

Jeep is hiding details on the new Wrangler about as well as a colander holds water. The good people over at JL Wrangler Forums have managed to get ahold of some new images of the next-gen Wrangler. Surprise! It looks exactly how we expected it to look. These new images give us our best view yet, showing a number of details that we couldn't even glean from spy photos. Enthusiasts can put down their pitchforks. The Wrangler can still go topless. The two images - one of the front and one of the rear - show off what appears to be a Wrangler Unlimited Rubicon. The second photo is notable since it finally confirms that the doors and roof are fully removable, a feature that some feared would disappear with the new model. It looks like a fixed roll cage will help strengthen the Wrangler and protect occupants in the case of an accident. Hinges up front mean the windshield is still able to fold forward as well. The rest of the Wrangler, though all new, just updates the Jeep's timeless design. Up front, the grille is canted rearward at the top, the fog lights move to the ends of the bumper, the turn signals move to the front of the fender, and the hood latches are pushed forward a bit. The windshield appears to be a bit more upright and less curved than the current model. Around the side, we can see new vents behind the rear fenders. The door hinges looks smaller, and the mirrors have integrated side marker lights. There is a new line that cuts below the windows, flowing to the rear of the Wrangler. At the back, we can see that the tail lights now wrap around to the Wrangler's side, though they still look like the square lights we've always had. There is no sight of a rear-mounted spare, but plenty of spy shots have shown that it should carry over, new backup camera and all. It also looks like the new mounting points for the roll cage should provide a bit more cargo space. Look for more news, images, and renders as the Wrangler's development moves along. Related Video:

Jeep Wagoneer, Grand Wagoneer, and pickup confirmed for production, all built in the US

Jeep has confirmed some much-anticipated future models: a new Wagoneer and Grand Wagoneer as well as a pickup truck, which we expect to be based on the Wrangler. FCA has also announced where these new vehicles be produced, the investment involved, and that adding the models will create 2,000 American jobs. The Wagoneers will be built at FCA's Warren Truck Assembly Plant in Michigan, which currently produces the Ram 1500. The overhaul required to add the Jeeps will also set the plant up to build Ram Heavy Duty models, which are currently made in Mexico. (It's not clear whether this would be additional Heavy Duty capacity or a complete move of production of those trucks to the US.) The confirmed Jeep pickup will be built at the Toledo Assembly Complex in Ohio as expected. This is the same plant that builds Wranglers today and will produce the new JL Wrangler that the pickup version is expected to use. View 30 Photos All of these factory upgrades are part of a $1 billion investment by FCA. The retooling is scheduled to be completed by 2020, which means these models are likely to come online for the 2021 model year, which jibes with the rumors that the Wagoneers have been delayed. That the large Jeeps will be built at the plant that currently produces Ram 1500s also leads us to believe that they will in fact use a version of the Ram truck platform instead of being built off the Grand Cherokee platform as originally planned. The timing of this announcement and its mention of Mexico and US jobs may have something to do with recent talk from President-elect Trump about US auto industry jobs and possible tariffs to be imposed on vehicles built across the border. Marchionne says these plans have been in discussion "for some time" but it's not clear what that timeframe was. Trump has targeted Ford, General Motors, and Toyota in recent tweets but has stayed quiet on FCA. While the announcement may have been political in nature, Jeep fans will no doubt welcome the news of the returning nameplates and the long-awaited pickup model. Related Video: Featured Gallery 2019 Jeep Grand Wagoneer Dealer Leak Spy Shots Jeep Crossover SUV Luxury Off-Road Vehicles jeep wrangler pickup