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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.

JL Jeep Wrangler experiencing death wobble, NHTSA checking into it

The redesigned 2018 JL Jeep Wrangler is selling remarkably well, but it looks like it's still susceptible to age-old Jeep solid front axle vehicle issues. Recently, the NHTSA has received 11 JL Wrangler-specific complaints for a problem referred to as "death wobble" in the Jeep community. It's currently looking into the complaints to see if further action is necessary. Death wobble is a term used predominantly by Jeep and specifically Wrangler owners to describe a violent steering wheel oscillation, typically caused by hitting some form of bump or pothole at higher speeds. For it to occur, there has to be something loose or damaged within the front steering or suspension system. The death wobble gets its name, because the vibrations through the steering wheel are far more frightening than any kind of a wheel imbalance problem. However, using the word "death" would be a misnomer as well, because there are no reported deaths due to the issue over decades of Jeeps experiencing the issue. A little over a month ago, FCA decided it needed to recall 18,000 JL Wranglers because of a faulty weld around where the track bar is welded to the frame. As of now, there's no evidence linking this faulty weld with death wobble (an FCA spokesperson told us as much), but one of the most common causes of death wobble is a track bar issue. If a bad track bar weld is your problem, you're in far worse shape than any death wobble, because you'll end up with a complete loss of steering. We asked Jeep about death wobble and a company spokesperson said that it "is not a widespread condition, nor is it a safety issue." FCA also said most of the incidents are linked to poorly installed suspension modifications, such as a lift-kit. However, the most current complaints for JL Wranglers describe unmodified and recently purchased vehicles. This means some vehicles still experience the issue despite being stock Wranglers. For now, if you experience the death wobble in your new Jeep, it's best to slow down immediately in a safe place. Most are taken by surprise by the sudden oscillations from the wheel, but you should still be able to control the car. FCA says that even if you do experience the issue, it is routinely corrected on its own. We'll keep tabs on this, and update if there are any developments. Related video:

FCA joining virtual CES with in-depth tours and Jeep Wrangler 4xe in AR

CES is sort of, technically happening, but it won’t be the CES weÂ’ve all become accustomed to over the years. Automakers will be doing their best to participate virtually, assuming they decide to join in the festivities at all. FCA is one that will have a little nugget of tech to share with us. A few main experiences will be made available to anybody with a computer. FCAÂ’s main draw is meant to be “highly detailed interactive product tours” where you can get to know a number of vehicles in a virtual world and hear from a “virtual brand ambassador” throughout the tour. You wonÂ’t be able to sit in and crawl through the cars like a normal auto show for the public, but FCA is promising a rather immersive experience online. The guided tour through the cars and technologies will be available in 12 FCA vehicles, two of those being the new Jeep Grand Wagoneer Concept and Alfa Romeo Stelvio Quadrifoglio. FCA plans to offer in-depth talks about how it tests vehicles, too. There are demonstrations planned for wind tunnels, the four-post shaker, an advanced drive simulator and general performance testing. Additionally, FCA plans on providing more insight into Uconnect 5 and vehicle electrification systems. WeÂ’re guessing the latter will offer up details on the Wrangler 4xe. The plug-in hybrid Wrangler will also be the star of FCAÂ’s AR play at CES. Everybody will be able to scan a QR code on FCAÂ’s site, then have access to a Wrangler 4xe on their phone. YouÂ’ll be able to “put it” in your driveway virtually, change the colors and get up close and personal with the interior.  All of this will launch on fcaces2021.com at 9 a.m. ET on January 11 (official first day of the virtual CES show), so surf on over there next week if you want to check it out. Related video: