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Chrysler earns $1.7B in 2012, revises product plans for US

Hot on the heels of Ford's earnings announcement for the year that was, Chrysler today reported a 2012 net income of $1.7 billion, up substantially from the comparatively minuscule $183 million profit earned in 2011 when it repaid its US government loans.
Chrysler's good year ended with an excellent fourth quarter that saw net income rise 68 percent from $225 million in 2011 to $378 million. Where are all those extra earnings coming from? Market share, which Chrysler saw increase to 11.4% last year on sales of 1.65 million vehicles. In fact, the Auburn Hills, MI-based automaker out-paced the industry's market growth of 13 percent last year with sales up 21 percent for the year.
The company also revealed an updated product plan for its Chrysler Group and Fiat brands that looks all the way out to 2016. It's an updated version of the plan introduced in 2009 shortly after Fiat took control of the American automaker, and includes such new additions as an Alfa Romeo model, likely the 4C, to be introduced in the US this year, as well five more Alfa models by 2016. Likewise, Fiat will be growing by an additional seven models in the coming few years.

Car dealership in East Texas destroyed by tornado

Few things are as fundamentally and unconditionally destructive as a tornado. These cataclysmic phenomena pass through towns, leaving nothing in their wake but ruin and despair. According to an NBC affiliate in the Dallas-Fort Worth region, a car dealership in nearby Canton was hit by a tornado Saturday night. No employees were hurt. Four other people in the area weren't so lucky. Chrysler Dodge Jeep Ram of Canton's new showroom and service center were pounded by the storm, leaving dozens of cars in various states of ruin. Some merely lost windows, while others were flipped and left on their sides or roofs. Photos show piles of cars stacked up like Hot Wheels dumped on the ground. According to a statement from the National Weather Service, winds reached speeds of up to 140 mph. Two other tornadoes were reported in the region. The area has been declared a disaster zone and first responders from up to 100 miles away have swarmed in to help out those in need. According to Reuters, the storms Saturday killed 11 people nationwide. Related Video: News Source: NBC DFW, National Weather Service, Reuters via Automotive NewsImage Credit: Reuters Chrysler Dodge Jeep RAM tornado

Jeep Wrangler Polar Edition coming to America

Jeep originally took the wraps off its Polar Edition Wrangler at the Frankfurt Motor Show in September, and at the time, we figured this would be a Europe-only affair. (Perfectly fine, since we US customers haven't exactly been lacking special edition Wrangler models over the years.) But now, and as Jeep says, just in time for winter, the automaker has announced that the ice cold Wrangler will be hitting North American showrooms in November.
Based on the Wrangler Sahara model, the Polar Edition can be had in either two- or four-door body styles, with a unique Hydro Blue paint job as the featured color. (Buyers can also opt for less-special Billet Silver and Bright White hues.) Other exterior enhancements include a body-colored hardtop, 18-inch gloss black wheels, the Powerdome (power bulge) hood, and unique decals all around the body.
But the Polar Edition isn't just about some paint and stickers. Jeep has fitted this Wrangler with a Dana 30 front axle and Dan 44 rear axle, as well as the Trac-Lok anti-spin electronic rear differential. Like all US-spec Wranglers, the Polar Edition uses Jeep's 3.6-liter Pentastar V6, producing 285 horsepower and 260 pound-feet of torque. Both a six-speed manual and five-speed automatic transmission are available.