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Fiat Chrysler's profit boosted by Ram and Jeep in North America

MILAN/DETROIT — Fiat Chrysler took the market by surprise by sticking to its full-year profit guidance on Wednesday after a strong performance from its Ram pickup truck in North America helped it defy an industry slowdown. Chief Executive Mike Manley, in FCA's first earnings release since a failed attempt to merge with France's Renault, also left the door open to that or other deals. "We are open to opportunity," Manley said on a call with analysts. "I have no doubt why there still would be interest in it," he added, when pressed on what it would take to revive talks with Renault. Manley declined to comment further. FCA last month abandoned its $35 billion merger offer for Renault, blaming French politics for scuttling what would have been a landmark deal to create the world's third-biggest automaker. Manley said a merger was not a must-have and Fiat Chrysler's business plan was strong. The company said it remained confident its adjusted earnings before interest and tax (EBIT) would top last year's 6.7 billion euros ($7.5 billion). Given disappointing forecasts from other automakers this earnings season, FCA's confirmation of the outlook sent Milan-listed shares in the Italian-American automaker, whose other brands include Jeep, up over 4%. A broad-based auto sales downturn has rattled the sector, forcing FCA's competitors — including Renault, Daimler and Aston Martin — to cut their sales forecasts after second-quarter results, while U.S. carmaker Ford gave a weaker-than-expected 2019 profit outlook. Japan's Nissan, a long-term partner of Renault, said it would cut 12,500 jobs by 2023 after its earnings collapsed. In the second quarter FCA's adjusted EBIT totaled 1.52 billion euros, versus analysts' expectations of 1.43 billion euros, according to a Reuters poll. FCA's U.S. shipments were down 12% in the second quarter but the group said that the successful performance of its Ram brand resulted in an enhanced share of the large pickup truck market of 27.9%, up 7 percentage points from last year. Adjusted EBIT margin in North America rose to 8.9% from 6.5% in the first quarter, thanks to strong demand for the heavy-duty Ram and the new Jeep Gladiator pickup. Chief Financial Officer Richard Palmer also said FCA expected to report up to 10% margins in the region in both the third and fourth quarters.

Jeep Rubicon Alaska Cannonball overlanding trip, part 6 | Mucking with the Mudbudz

Our man Jonathon Ramsey is driving a Jeep Wrangler Rubicon on a 14-week, 14,000-mile journey across North America. Check out his first, second, third, and fourth, and fifth installments. GREAT FALLS, Montana — This is not the last time I'll write this: No stock vehicle on sale in the U.S. today can match the capabilities of the 2018 Jeep Wrangler Rubicon. I discovered that during the first here-goes-nothing off-road excursion on my Rubicon Alaska Cannonball run, two days of crashing around Cadomin in Alberta, Canada. This adventure is also where I discovered muskeg, a bog muck I prefer to call "swamp guts." That's a picture, above, of our first meeting. Getting high-centered was my fault, not the Wrangler's. You'd get hung up on things, too, if you were carrying 800 pounds in your rear. But we'll get to that. We left off in Tuktoytaktuk. I departed the Arctic on a Sunday afternoon with my patched spare tire, headed for a meet-up with the MudBudz Wheelin' crew in Hinton, Alberta. Turning back from boreal climes, the whole ball of Earth welcomes all who return. Sparkling lakes and mossy tundra framed Yellow Brick Roads made of dirt. This time I'd drive slow enough to avoid another unfortunate meeting with volcanic shard, if possible. E-load-rated BFGs, the equivalent of a 10-ply tire, were stock fitment on the JK Wrangler. On the JL, Jeep switched to a C load rating, the equivalent of a six-ply tire. The thinner construction means lower rolling resistance, a softer sidewall for a better ride, and better gas mileage. For 2.5 hours, I bounded and rebounded over 90 miles of pulverized highway to Inuvik. I filled the tank, then hit the Dempster at the onset of another drawn-out Arctic twilight. A hazy moon hung above the spruce as I descended to the MacKenzie River ferry crossing. As on the drive up, a million times I wanted to stop for photos, but I had to get across the Peel River further down the road before the ferry stopped. I never got to see the southern stretch of the Dempster in daylight. On the run north, I'd arrived at the Peel at dawn. I did get to see the Northern Lights again, the fifth straight night of " Star Trek" interludes. The lights were so bright I could shoot them with my phone. I also saw two bright yellowish dots glowing down the road, reflecting the wave of illumination thrown by the Mopar five-inchers. Eyes. Around 50 yards away, I made out a massive moose. I crept closer. Moose are crazy.

FCA cuts powertrain warranties to 60k miles

FCA US is cutting back the mileage of its powertrain warranty on some 2016 model year vehicles. Rather than the current five years/100,000 miles of coverage, the new amount is five years/60,000 miles for gasoline-fueled models from Chrysler, Jeep, Dodge and Ram. In March 2015, General Motors made a similar switch to five-years/60,000-miles of coverage for Chevrolet and GMC, and FCA US seems to be citing this as part of the reason for the shift. "Following changes already made by competitors, FCA US is adjusting powertrain warranty coverage for 2016 model year vehicles to be more consistent with industry practices," the automaker said in a portion of its statement. The bumper-to-bumper warranty for these vehicles is unchanged at three years/36,000 miles. According to Automotive News, Fiat's warranty is remaining at four years/50,000 miles. When it changed the mileage limit, GM also halved the number of free service visits for Chevy, GMC, and Buick to two from the previous four. The automaker claimed that the reason for the adjustments to its coverage was that a long warranty was seldom a reason for customers to buy a vehicle. Related Video: Response to Query: 2016MY Powertrain Warranty Adjustment Following changes already made by competitors, FCA US is adjusting powertrain warranty coverage for 2016 model year vehicles to be more consistent with industry practices. For 2016MY, Chrysler, Jeep®, Dodge and Ram Truck vehicles with gasoline engines will be covered by a 5 year/60,000 mile powertrain warranty. The basic coverage, also known as "bumper to bumper," remains at 3 years/36,000 miles. # # # News Source: FCA US, Automotive News - sub. req.Image Credit: Mark Ralston / AFP / Getty Images Chrysler Dodge Jeep RAM Car Buying Maintenance Ownership FCA warranty fca us powertrain