Fiat Chrysler Automobiles CEO Sergio Marchionne on Wednesday said the automaker would rely more heavily on profitable Jeeps and Rams in North America and Europe to help its business remain profitable in other sagging areas and regions.
“We are not of the view that this industry is facing an impending demise,” Marchionne said before announcing FCA’s adjusted earnings of $1.78 billion in the fourth quarter.
Marchionne and CFO Richard Palmer said Jeep’s success in North America and Europe led the company last year and would be the “bedrock” for the automaker’s future. The automaker laid out specific plans to bring forward a Jeep pickup and Wagoneer, and let wither less-profitable models such as the Chrysler 200 and Dodge Dart. (Read More…)
On Wednesday, Fiat Chrysler Automobiles CEO Sergio Marchionne will update investors on his long-term plans and fourth-quarter profits — namely, how many Jeeps it sold — during his scheduled earnings conference call.
It’s widely expected that Sergio will address the near-certainty that Jeep will build a pickup based on the Wrangler, as well as the future for the Jeep Compass that’ll likely survive from the Patriot/Compass twin billing, and Jeep’s potential to keep afloat fledgling FCA brands such as Maserati and Alfa Romeo.
Analysts say FCA’s ambitious target of $5 billion profit by 2018 would be almost unattainable at this point.
“‘Ambitious’ is not really an adequate word to describe it, ‘fantasyland’ might be more appropriate,” Bernstein’s Max Warburton told Automotive News.
BFGoodrich’s All-Terrain T/A tires can be found everywhere, from your local construction site to the most grueling of off-road races. I’ve fitted some of my trucks with the original KO and used them on and off-road, so I was curious what improvements BFGoodrich could bring to its latest iteration: the new KO2.
BFGoodrich brought me up to Bethel, Maine to test out its new tire in the nearby hills — and to catch this year’s Red Bull Frozen Rush.
The Frozen Rush trucks run a one-off spiked version of the same tire, but I was more interested in the street version that might adorn one of my (or your) vehicles.
If you didn’t know it was Jeep’s 75th anniversary this year, it’s your fault for not paying attention. Pretty much all of the automaker’s SUVs are rolling billboards for its “Since 1941” branding, and now Jeep is officially doing something to celebrate.
Jeep launched its 75th Anniversary lineup Wednesday, which includes special editions for all its models. All of the Jeeps are candied in some sort of “macho” green — Jungle Green, Sarge Green or Recon Green — with bronze wheels, some sort of opening roof, and available cloth.
Oh, and there are a bucket-full of badges everywhere so you can feel special edition too.
Subaru and Lexus brands topped Kelley Blue Book’s annual resale list for the second year in a row, the auto industry group announced Tuesday.
Subaru claimed four model winners for 2016 and Lexus nabbed six honors in the annual survey that measures projected retained value for five years of ownership. Toyota and General Motors each earned five segment winners this year and Tesla earned its first award for its Model S.
According to KBB, the top 10 cars with the best resale value were: Chevrolet Camaro and Colorado; GMC Canyon and Sierra; Jeep Wrangler; Subaru Forester and WRX; Toyota 4Runner, Tacoma and Tundra. (Read More…)
Is there a self-respecting automotive enthusiast alive, myself included, who wouldn’t love to see Ford resurrect the Bronco? Answer: Absolutely, the fun loving folks in Auburn Hills.
Ford may not need to develop a new Bronco, but it absolutely should. And it should use the Jeep Wrangler as its benchmark.
Like an NFL expansion team in Los Angeles, music in the hallways during passing periods, “welfare queens” and the full-time McRib, Jeep’s mid-sized Wrangler-based pickup might be the only thing we ever talk about. Guess which one may happen now?
According to Automotive News, the Wrangler-based pickup may make an appearance in 2018-ish, after the iconic Jeep platform gets is overdue overhaul, moves to an 8-speed automatic (maybe diesel, too) and incorporates more aluminum into its structure.
The General Motors twins prove there’s room in the segment for something not called a Tacoma or Frontier, so a mid-size makes sense — but a seven-slot grille up front may not.
Automotive News is reporting that Jeep will produce a Wrangler-based pickup at its Toledo, Ohio plant and shift production of its Cherokee to another site.
The details were reported by the outlet as part of Fiat Chrysler Automobiles’ ongoing negotiations with the United Auto Workers union.
Officials from FCA didn’t comment on the report. (Read More…)
Fiat Chrysler Automobiles may be showing off a Dodge Barracuda convertible, a next-generation Charger, Jeep Grand Cherokee Trackhawk and a Grand Wagoneer — they probably put root beer in the fountains too — according to multiple media reports.
At the dealer meeting in Las Vegas, FCA executives outlined the future for the brands (Jeep, Chrysler, Dodge, Alfa Romeo, Maserati and Fiat) that may include up to 30 new or refreshed products within two years.
According to reports, FCA CEO Sergio Marchionne also addressed reports that the automaker was seeking a merger with another automaker, and any potential deal would be “to strengthen the competitive position of the companies involved,” he said according to Automotive News.
Fiat Chrysler Automobiles may have only one new model built in North America over the next 18 months after executives pushed back development of others due to brisk sales of current models, Reuters is reporting.
The redesigned Chrysler Town and Country minivan may be the only new car built stateside that FCA plans to launch in the next 18 months, sources told Reuters. The company is planning to bring to the United States three Italian cars — the Fiat Spider, Maserati’s crossover and the Alfa Romeo Giulia — in the same timeframe.
This is the part where we would like to mention that a new Jeep Grand Cherokee and Wrangler are seriously overdue.