2013 Fiat 500 Abarth 5speed Heated Leather Alloys 3k Mi Texas Direct Auto on 2040-cars

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Chrysler nets $1.6B income in Q4, Fiat profit up 5%

Chrysler announced its 2013 financial results today and unveiled its new name and decidedly bank-like logo. Amid the announcement, Chrysler posted big gains in income, while Fiat didn't perform to analysts' expectations.
For 2013, Chrysler had revenue of $72.1 billion, up 10 percent from 2012. Net income reached $2.8 billion, a 65-percent increase. It was the company's third straight year of annual profits.
In terms of unit sales, Chrysler sold 2.4 million cars worldwide in 2013, up 9 percent. According to Automotive News, 1.8 million of those vehicles were sold in the US, a 14-percent increase. The sales growth boosted Chrysler's US market share to 11.4 percent, up 0.2 percent.

Fiat takes the 500 into Mercedes territory with La Prima limited-edition

Fiat is celebrating the launch of the third-generation 500 by releasing an array of limited-edition models that move the electric city car upmarket. The latest installment in the series is a variant named La Prima (which means "the first" in Italian) based on the hatchback version and priced well into Mercedes-Benz territory. The first limited-edition 500 introduced in March 2020, when the car made its debut, is sold out. The second chapter in the story is similar to the first but it's offered exclusively as a hardtop. Hard doesn't mean metal, though, and it comes equipped with a panoramic sunroof. The list of standard equipment also includes 17-inch alloy wheels, full LED headlights, and edition-specific emblems below the rear windows. Buyers can choose one of three paint colors named Ocean Green, Mineral Grey, and Celestial Blue, respectively. Inside, Fiat added a seven-inch digital instrument cluster, a horizontal 10.25-inch touchscreen that displays its fifth-generation Uconnect software, plus cow-less upholstery on the seats and on the dashboard. The stitching on the middle section of the seats spells out Fiat, which is a nifty touch that adds a bit of flair to the cabin.  There are no powertrain modifications, meaning the La Prima gets a 42-kilowatt-hour lithium-ion battery pack that spins a 118-horsepower electric motor. Its maximum driving range checks in at 199 miles, though Fiat obtained that figure by putting the 500 through the optimistic WLTP testing cycle. Hitting 60 mph from a stop takes nine seconds, a respectable time for its segment, and it stops accelerating when it reaches 93 mph. It can fast-charge at up to 85 kilowatts, which is more Abarth 500-quick than Porsche 911 GT2 RS-fast. However, because the battery pack is small, it takes five minutes to zap it with up to 31 miles of driving range. Achieving early adopter status by being one of the first motorists to be seen behind the wheel of the new 500 is costly. Fiat priced the La Prima hatchback at ˆ34,900, which represents nearly $40,000 at the current conversion rate. That figure generously includes a home charger and it excludes available incentives that vary from market to market, but it catapults this once-humble city car into Mercedes-Benz's domain.

FCA goes all-in on Jeep and Ram brands on cheap gas bet

It's no surprise that as SUV and truck sales remain strong in the wake of unusually cheap gas, Jeep and Ram sales are taking off. What is a surprise is that FCA CEO Sergio Marchionne thinks that cheap gas will be a "permanent condition," and feels strongly enough about it to change up North American manufacturing plans. Jeep appears to be the biggest beneficiary of the product realignment. In addition to increasing the sales estimates for the brand worldwide upwards to 2 million units a year by 2018, the brand will get a flood of investment for new product and powertrains. Consider the Wrangler Pickup to be part of the salvo, as well as the Grand Wagoneer three-row announced in 2014 as part of the original five-year plan. The Wrangler four-door will get at least two new powertrains, a diesel and mild hybrid version, in its next generation. That mild hybrid powertrain may utilize a 48-volt electrical system like the one that's being developed by Delphi and Bosch – which the suppliers think will be worth a 10 to 15 percent fuel economy gain at a minimum. Down the road, in the 2020s, the Wrangler could adopt a full hybrid system. The diesel powertrain is planned for 2019 or 2020. The Ram 1500 is also pegged to receive a mild hybrid system, again potentially based on 48-volt architecture, sometime after 2020. Lastly, Jeep and Ram will take over some of the production capacity of existing plants. The Sterling Heights, MI, plant that builds the Chrysler 200 will now build the Ram 1500; the Belvidere, IL, facility that produces the Dodge Dart will take over Cherokee output; the big Jeep facility in Toledo, OH, will be used for increased Wrangler demand. In 2015, according to FCA's numbers, car and van demand went down by 10 percent, but SUV demand went up 8 percent and truck demand 2 percent. Considering that these are high-margin vehicles, FCA can't ignore the math. FCA also won't build any new factories to supplement production to meet demand, but instead are reshuffling production priorities. Think of it this way: FCA is gambling on cheap gas being a permanent part of our lives, at least into the 2020s. By doubling down on SUVs and trucks, the company stands to win big, unless a spike in gas prices changes the landscape. FCA isn't talking about a Plan B, so they're all in. It'll be interesting to see how this plays out.