Fiat Chrysler Automobiles CEO Sergio Marchionne has a good morning today, after FCA announced boosted profit and earnings spurred by healthy sales in the U.S. and Europe.
First quarter net profits were up from just above the break-even point a year ago to 451 million euros ($539.4 million), according to The Detroit News, with pre-tax earnings up 88 percent to 1.3 billion euros ($1.6 billion). (Read More…)
Sergio Marchionne, CEO of Fiat Chrysler Automobiles, could shed light on the company’s uncertain future this Tuesday when the company reports earnings. However, as the Detroit Free Press reports, Marchionne may not take the opportunity to clear the air, which would leave employees at FCA plants wondering about their futures for months to come.
The sweatered one has already stated in no uncertain terms that the Chrysler 200 and Dodge Dart will get the axe. Just when that will happen, and what product will fill freed-up plant capacity and dealer lots, remains a guessing game.
Like an unoccupied Dodge Charger stuck in “Drive,” Fiat Chrysler Automobiles’ gear selector controversy was rapidly building momentum before yesterday’s announcement.
Responding to numerous instances of runaway vehicles and an expanding National Highway Traffic Safety Administration investigation, FCA voluntarily recalled 811,586 vehicles in the U.S. and 52,144 in Canada, and a further 265,473 in Mexico and overseas. (Read More…)
If you’re looking to get the most money back when you drop your car onto the used market in five years, better get into something large and utilitarian.
Large and midsize trucks and SUVs grab the top five-year resale values in Edmund’s 2016 Retained Value Awards, with conventional and luxury midsize and large cars depreciating the most. (Read More…)
A group of Jeep fans wants Fiat Chrysler Automobiles CEO Sergio Marchionne to make a Sophie’s Choice-style decision to save their beloved offroader.
To avoid the destruction of the storied brand at the hands of its parent company, FCA must cast it loose, the group states in a strongly-worded Change.org petition.
“As owners and fans of Jeep vehicles, we are calling on Fiat Chrysler Automobiles to separate Jeep from FCA’s stable of failing brands and debt,” the petition states. “We urge FCA to execute a spinoff to save Jeep.”
At Fiat Chrysler Automobiles, this much we know: 72 consecutive months of year-over-year U.S. growth, a market share increase in the United States from 9.4 percent to 12.8 percent between 2010 and 2015, routine record-setting U.S. sales performances at Jeep, and an overarching “light truck” division that now produces more than four out of every five U.S. sales for the automaker.
Chapter 11 reorganization was undoubtedly a painful process — bankruptcy isn’t supposed to tickle. And because of reliability woes, frequent Alfa Romeo delays, and poor passenger car demand, there are serious doubts about the automaker’s long-term plans.
Yet only a few quick glances at an FCA U.S. monthly sales report are necessary for observers to replace concerns with applause, at least in the here and now. The rate of growth is staggering. The U.S. auto industry grew its volume by 37 percent between 2011 and 2015, a period during which FCA — and formerly the Chrysler Group — grew 64 percent. (Read More…)
Examples of the XJ Jeep Cherokee are everywhere in Denver junkyards (nearly as numerous as late-1990s Subaru Outbacks, these days), and it takes a special one to make me deploy my camera. I thought the factory-installed orange tape stripes on this ’91 Cherokee Sport were interesting, and now today’s ’93 with innovative tree-branches-and-rattlecans camo job has made the cut. (Read More…)
If you didn’t think an electric car could stall, Volkswagen has a Golf-sized dose of reality for you.
That, Jeep’s Compass/Patriot successor wants to woo south of the Equator, General Motors gets some good legal news, there’s money in them there charging stations, and Volvo gets a PR boost … after the break!
Americans might finally start to see a few of these so-called “Jeeps” roaming around their hometown.
That, Mark Fields can pick up everyone’s tab, eight (speeds) isn’t enough at General Motors, the Phaeton ends its long farewell, and GM Korea wants out of its slump … after the break!
It can take you a long time to start truly missing someone. Three years ago, I was dating a lovely federal attorney who had ordered herself a six-speed Wrangler Unlimited Sahara as a sort of step-stool to get her to the more adventurous life she thought we’d end up living together. In March of 2013, after taking delivery of her Jeep, she left it in my custody, got on a plane, and joined one of her oldest friends on a sight-seeing trip to Utah. She’d asked me to go but I’d refused; I had a date with someone else planned for the same week and at the time I took a sort of cruel joy in crushing every dream she had about our future. “I’m busy. Go to Moab,” I told her, “and see the Delicate Arch.”
“Too far north,” she replied. “Anyway, I want to save it for a trip with you.” We never took that trip. The last time I saw her was when she came to visit me in the hospital eight months later, the day after my January 2014 crash. I was incandescent with pain and incoherent from painkillers. She did something to upset me. I told her to leave the room and never come back. In the years between now and then, I didn’t think about her much. Too many other people and things on my mind.