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Chrysler reports $166M net income for Q1, down $307M vs. 2012

Preliminary first-quarter results from 2013 have been announced by Chrysler, and the company is reporting a net income of $166 million on revenue of $15.4 billion. Compared to this period last year, net income is down $307 million and revenue has dropped $1 billion.
Chrysler says that its quarter was negatively affected by the costs associated with launching its 2013 Ram Heavy Duty, 2014 Jeep Grand Cherokee and preparation for the return of the all-new 2014 Jeep Cherokee pictured above. The launches should provide a strong second half of 2013, says the automaker. "We remain on track to achieve our business targets, even as the first-quarter results were affected by an aggressive product launch schedule," said Chrysler Group LLC Chairman and CEO Sergio Marchionne.
On a positive note, the automaker says worldwide vehicle sales are up 8 percent from one year ago, a number pushed by a 12 percent bump in U.S. retail sales. In addition, domestic market share has risen slightly, up to 11.4 percent from 11.2 percent last year. Read more in the official statement below.

Mopar stuffs the Jeep Performance Parts catalog with 200 accessories

We don't get to savor the all-new 2018 Jeep Wrangler until sometime in November. Today at SEMA, however, we get to sample some of the more than 200 Jeep Performance Parts that Mopar designed for America's off-road mascot. Among the totally new offerings are a roof rack and a stowable tailgate table. The roof rack can accommodate the standard carriers, such as those for skis, snowboards, and bicycles. The tailgate table flips down from the rear hatch, creating a workspace complete with a beverage holder. Urbanites can get down with the mesh and solid bikini tops, a cargo tray that extends to the back seat and doubles the surface area, logoed door sills, and new fuel doors. Redesigned tire covers flash new graphics and incorporate an aperture for the backup camera. When distant GPS points require low-range four-wheeling, redeveloped goodies include 17-inch beadlock aluminum wheels, a two-inch lift kit that permits 37-inch tires when paired with high-top fender flares, thicker, wider rock rails coated with Ram bedliner material, and hard-secured grab handles. Five-inch LEDs throwing 4,080 lumens and seven-inch LEDs throwing 8,000 lumens work with a new mount kit to attach to windshield, winch guard, or frame rails. An auxiliary switch bank with a dedicated power distribution center means convenient access to controls for auxiliaries like those lights and the Mopar Warn winch. A screen protector keeps dust and debris from damaging the Uconnect screen. When the inevitable boo-boo happens, grab for help from the improved emergency first-aid kit and roadside assistance kit. Mopar says the entire range of Jeep Performance Products will be available at dealerships as soon as the Wrangler goes on sale. Related Video: Featured Gallery Jeep Performance Parts: SEMA 2017 View 17 Photos Related Gallery 2018 Jeep Wrangler Mopar accessories View 14 Photos Image Credit: Live photos copyright 2017 Drew Phillips / Autoblog.com Auto News Aftermarket SEMA Show Jeep SUV Off-Road Vehicles SEMA 2017

GM being sued over imploding Bosch fuel pumps in Duramax diesel trucks

Texas-based law firm Hilliard Martinez Gonzalez (HMG) this week filed a class-action lawsuit against General Motors over an alleged issue with Bosch CP4 fuel pumps. The suit claims Bosch designed the CP4 pump to work with European diesel fuel, which is thicker than U.S. diesel. When GM installed that pump in the 6.6-liter Duramax engine used from the 2011 to 2016 model years, the lawsuit claims the thinner U.S. fuel didn't provide enough lubrication, allowing air pockets to form in the fuel pump. That, in turn, allegedly let metal rub against metal inside the pump, causing the pump to eventually disintegrate and "send thousands of metal shards into the fuel injection system and every part of the engine." The Detroit News reported on the most recent lawsuit filed in Michigan's Eastern District Court, but the case is another piece of nationwide legal maneuvering going on since at least last September. Every U.S. truck maker used the Bosch CP4 fuel pump, and HMG originally went after all of them, as well as Bosch. On September 30, 2018, HMG filed a class-action suit in Texas on behalf of eight plaintiffs. The law firm wanted to prosecute the affair under RICO — the Racketeer Influenced and Corrupt Organizations Act — and named 10 defendants: FCA US LLC, FCA North America Holdings, LLC, F/K/A Chrysler Group, Fiat Chrysler Automobiles, N.V., Ford Motor Company, General Motors LLC, Robert Bosch GmbH, Robert Bosch LLC, VM North America, Inc., and VM Motori S.P.A.  The firm filed another suit in Florida on Nov. 2, 2018, against the same 10 defendants, again under the RICO statute, this time on behalf of more than 30 plaintiffs. We don't know how many other suits might have been filed, but the two suits mentioned apparently didn't have legs — the courts dismissed both quickly. So HMG shifted its strategy away from the RICO angle, and focused its efforts on GM, filing suit in California on Nov. 20, 2018. Instead of trying to catch 10 fish with a small net, HMG wants to score one fish with a big net. The results have borne more promise for the plaintiffs. In July this year, a judge in California denied GM's motion to dismiss, noting "the alleged defect is central to the vehicleÂ’s function." This latest suit filed on Aug. 6 in Detroit singles out GM again.  The Bosch CP4 is known to be problematic, however.