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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.

Ram Truck digs in with Laramie Longhorn-inspired Case backhoe

Some combinations seem natural immediately like chocolate and peanut butter, but others take a little more consideration before they begin make sense. That is exactly the situation with the new partnership between Ram and heavy equipment-maker Case to build a one-of-a-kind Ram 3500 with a matching, customized Case 580 Super N Wide Track Backhoe. The unique combo is currently on display at the CONEXPO-CON/AGG 2014 show in Las Vegas, NV, and afterwards will go on tour for the rest of the year at Ram- and Case-sponsored events.
While it is undoubtedly odd to see a modified backhoe, it almost gets cool when you se the interior. Both vehicles the same two-tone gold and black paint scheme, and the backhoe's cab has been refinished to match the truck with shades of brown leather, Laramie badges and chrome trim. If you have to be in a backhoe, this one looks like the one to choose. Plus, this might be the first backhoe ever with chrome wheels.
The truck that the backhoe is attached to a Ram 3500 Laramie Longhorn Crew Cab 4x4 with a 6.7-liter Cummins Turbo Diesel with 850 foot-pounds of torque, plus an improved transfer case and heavy-duty transmission. Like its matching heavy equipment friend, the truck is also supposed to offer a mix of luxury and working ability. Scroll down for the full press release on this very curious combo.

FCA fibbed on sales according to internal report

Following last week's news that Fiat Chrysler Automobiles (FCA) is under investigation by the Department of Justice and Securities and Exchange Commission for allegedly fudging sales figures, a new report in Automotive News says an internal investigation at FCA uncovered misreported sales. According to the AN story, 5,000 to 6,000 vehicles from various FCA brands were reported sold by dealers, but no customers existed for those cars. FCA sales chief Reid Bigland has already put a stop to the practice. One potential reason for the practice was to maintain the company's month-to-month sales increase streak, currently at 75 months. In April, FCA added a lengthy disclaimer to its sales announcements: "FCA US reported vehicle sales represent sales of its vehicles to retail and fleet customers, as well as limited deliveries of vehicles to its officers, directors, employees and retirees. Sales from dealers to customers are reported to FCA US by dealers as sales are made on an ongoing basis through a new vehicle delivery reporting system that then compiles the reported data as of the end of each month. "Sales through dealers do not necessarily correspond to reported revenues, which are based on the sale and delivery of vehicles to the dealers. In certain limited circumstances where sales are made directly by FCA US, such sales are reported through its management reporting system." FCA did not provide comment to Automotive News. Click through for the full story and more details. Related Video: Earnings/Financials Government/Legal Chrysler Dodge Fiat Jeep RAM sales Sergio Marchionne FCA USDOJ reid bigland