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Alfa Romeo will gain a Jeep Compass-based SUV

It was reported earlier this week that FCA would invest into its Italian factories to ramp up production at currently underutilized locations. Those plans have now been clarified with official information from FCA, as reported by Automotive News. The entire investment is worth $5.7 billion. First of all, Alfa Romeo will gain a new compact SUV based on the Jeep Compass architecture. The still-unnamed model will be available as a plug-in hybrid, and it will be built in Pomigliano, Italy. No U.S. availability has yet been announced, but it would not be odd to see the Compass-based model sold below the Stelvio in the States. The last time Alfa Romeo had anything similar in its model portfolio was when it offered Crosswagon-badged four-wheel-drive versions of the 156 and 159 wagons. As for the Jeep Compass itself, it will begin to be built at the Melfi plant in Italy. The rumored small "baby" Jeep slotting under the Renegade has not yet been officially mentioned. Fiat will introduce a battery electric 500, built in Turin, and the Pomigliano plant that will make the compact Alfa Romeo SUV will also be used to build a mild hybrid version of the Panda city car. The 500X will gain a PHEV variant. The Stelvio platform will also spawn a corresponding SUV for Maserati, and FCA also mentioned Maserati will introduce a new, unnamed model it will make in Modena. Automotive News quotes Italian press as saying this will be the Alfieri coupe and convertible, also offered as battery electric versions. Related Video:

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.

Next-generation Jeep Wrangler arriving at the end of 2017, diesel for 2019 model year

The folks at JL Wrangler Forums have come across some very juicy information regarding the next-generation Wrangler, thanks to an anonymous source who got the details from a dealer meeting. Among the information provided by the source is the timeline for the new Jeep's release. It will be fully revealed at this year's Los Angeles Auto Show, and it will hit dealers this December. At launch, the next-gen Wrangler will be available with both a 3.6-liter V6 with either a manual or automatic, and a 2.0-liter four-cylinder that can only be had with an automatic. We expect this engine to be turbocharged and pack as much as 300 horsepower. It also seems Chrysler is still making good on its promise of a diesel Wrangler for this generation. Photos taken by a JL Wrangler Forums user show what looks like a diesel exhaust fluid tank underneath one of the prototypes seen above. There could be a bit of a wait on that powertrain, though. According to the JL Wrangler Forums source, it won't be arriving until near the end of the 2019 model year, so potentially at the end of the 2018 calendar year, and possibly early 2019. The other big news is that the anonymous source confirmed that there will in fact be a hardtop with a power sliding opening. The feature was rumored years ago, and we may have had our first look at it thanks to earlier spy shots also taken by a JL Wrangler Forums member. The photos showed a mysterious set of switches on the windshield header that may have been controls for the power top. This feature won't be available at launch according to the anonymous source, and will instead debut near the end of the 2018 model year, so likely early- to mid-calendar year 2018. Some other minor changes to colors and equipment were revealed also, and can be seen at the forum website, here. Related Video: