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Dodge, Jeep and Ram could soon be owned by Chinese automakers

For the past several years, Fiat Chrysler CEO Sergio Marchionne has made it widely known that the automaker he helms is up for grabs. First, he sent an email to GM CEO Mary Barra, who immediately refused to even discuss a merger. Later, Marchionne set his sights on Volkswagen. That too was swiftly rebuffed. It seemed like no global automaker was remotely interested in a partnership. Now, Automotive News reports that several Chinese automakers have come calling, only FCA isn't ready to answer. At least not yet. The news broke this morning that a major Chinese automaker had made an offer to purchase FCA for slightly above market value. FCA refused, saying the offer wasn't quite generous enough. It's unclear which automaker made the offer, but Automotive News says there's more than one interested party. FCA representatives have recently traveled to China to meet with Great Wall Motors, while Chinese representatives were seen at FCA corporate headquarters in Auburn Hills, Mich. The Chinese government has a lot of money invested in local automakers. It's putting pressure on these automakers to expand globally, including to the United States. As it stands, it's a matter of when a Chinese automaker will start selling cars here, not if. Purchasing an established automaker with a wide range of products and a huge dealer network would do wonders in giving the Chinese a foothold here. Sure, Geely owns Volvo, but a luxury automaker doesn't have nearly as much reach as a more mainstream company like FCA. This seems like the best case scenario for both a Chinese automaker looking to move into the U.S. and for FCA, at least from a business standpoint. The latter doesn't seem to have any other interested parties. It will be interesting to see how FCA would sell a deal like this to the public. We're not sure everyone will be happy with Dodge, Jeep and Ram falling under Chinese ownership. FCA didn't turn down the Chinese because they didn't like the idea. It turned down the offer because there wasn't enough money on the table. Related Video: News Source: Automotive News Earnings/Financials Alfa Romeo Chrysler Dodge Fiat Jeep RAM

Radical 2016 Jeep Wrangler suggested by job listings?

With most inside the industry expecting the next-generation Jeep Wrangler to arrive for the 2016 model year, it makes sense that the automaker would be looking for some choice candidates to to fill program openings as the off-roader goes through its development. A recent ad on Chryslercareers.com suggests to some that the lightweight Wrangler Stitch Concept, revealed just two months ago and shown above, provides some clues about the off-road icon's next iteration.
According to Automotive News, the job descriptions - which don't name the model specifically - hint that the next-generation Wrangler will benefit from a serious diet. The ads appear to seek those familiar with advanced high-strength steels, hinting that lightweight aluminum body panels may appear on the 4x4. In addition, there are suggestions that Jeep may fit the Wrangler replacement with air suspension, as seen on the Ram and Grand Cherokee, to retain ample off-road clearance yet lower that chassis to improve aerodynamics at highway speeds. The job postings reportedly also lend credence to the idea of a diesel Wrangler.
It seems every bit of the next-generation Wrangler is up for review, as it will be the first time this iconic model is redesigned under Fiat ownership. Questions remain whether or not the Jeep will retain its clip-down hood, easy-to-remove door pins and folding front windshield - loyalists expect them, but fuel economy and safety standards may crimp their cases for survival.

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.