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Fiat Chrysler's profit boosted by Ram and Jeep in North America

MILAN/DETROIT — Fiat Chrysler took the market by surprise by sticking to its full-year profit guidance on Wednesday after a strong performance from its Ram pickup truck in North America helped it defy an industry slowdown. Chief Executive Mike Manley, in FCA's first earnings release since a failed attempt to merge with France's Renault, also left the door open to that or other deals. "We are open to opportunity," Manley said on a call with analysts. "I have no doubt why there still would be interest in it," he added, when pressed on what it would take to revive talks with Renault. Manley declined to comment further. FCA last month abandoned its $35 billion merger offer for Renault, blaming French politics for scuttling what would have been a landmark deal to create the world's third-biggest automaker. Manley said a merger was not a must-have and Fiat Chrysler's business plan was strong. The company said it remained confident its adjusted earnings before interest and tax (EBIT) would top last year's 6.7 billion euros ($7.5 billion). Given disappointing forecasts from other automakers this earnings season, FCA's confirmation of the outlook sent Milan-listed shares in the Italian-American automaker, whose other brands include Jeep, up over 4%. A broad-based auto sales downturn has rattled the sector, forcing FCA's competitors — including Renault, Daimler and Aston Martin — to cut their sales forecasts after second-quarter results, while U.S. carmaker Ford gave a weaker-than-expected 2019 profit outlook. Japan's Nissan, a long-term partner of Renault, said it would cut 12,500 jobs by 2023 after its earnings collapsed. In the second quarter FCA's adjusted EBIT totaled 1.52 billion euros, versus analysts' expectations of 1.43 billion euros, according to a Reuters poll. FCA's U.S. shipments were down 12% in the second quarter but the group said that the successful performance of its Ram brand resulted in an enhanced share of the large pickup truck market of 27.9%, up 7 percentage points from last year. Adjusted EBIT margin in North America rose to 8.9% from 6.5% in the first quarter, thanks to strong demand for the heavy-duty Ram and the new Jeep Gladiator pickup. Chief Financial Officer Richard Palmer also said FCA expected to report up to 10% margins in the region in both the third and fourth quarters.

2022 Ram 1500, HD lineup and ProMaster all updated with Uconnect 5 infotainment

Uconnect 5 is making its way through the Stellantis portfolio, and today it’s RamÂ’s turn to get the redesigned infotainment system. ItÂ’s coming to all 2022 Ram products, including the Ram 1500, Ram HD lineup and even the ProMaster. The most important of the above products getting Uconnect 5 is the 2022 Ram 1500, though. Ram has adapted its system to run on the vertical 12-inch touchscreen that debuted in that truck. WeÂ’ve enjoyed using the previous version of Uconnect with that screen layout, and given our pleasant experiences with Uconnect 5 already, we have a feeling this update will only make things better. You can check out some of the systemÂ’s nitty gritty details in our Uconnect 5 reveal post, but Ram also spelled out some of the important — and even truck-specific — details for us with its announcement today. For one, the Ram version of Uconnect 5 allows specific customization of the home screen to display a bevy of powertrain gauges during heavy towing scenarios. It also features RamÂ’s “Off-Road Pages” (similar to SRTÂ’s Performance Pages) to give you detailed off-road data for your truck. Fleets should enjoy newly-available telematics data, which is one reason Ram added this new system to the ProMaster (shown just above). Uconnect 5 allows third-party companies to collect data on vehiclesÂ’ status through the cloud in order to better monitor them. Ram suggests this will increase efficiency when it comes to reporting accidents, getting vehicles in for maintenance and making decisions about routes and vehicle appropriation. Of course, added efficiencies ultimately mean less money out of pocket for the folks running the fleet. Just like other Stellantis models with Uconnect 5, the Rams will enjoy wireless Apple CarPlay and wireless Android Auto (now capable of going full screen on the 12-inch display), an updated navigation system with more capabilities, Amazon Alexa integration for voice services and the ability to be updated via over-the-air updates. Ram did not specify when Uconnect 5 would start appearing in 2022 models, but we suspect itÂ’ll be soon for all of them. Related video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.

1.8 million Ram trucks recalled to fix shifter problem

Fiat Chrysler is recalling 1.8 million mostly heavy-duty Ram pickups to fix a part that could allow the truck to shift out of park and roll without depressing the brake pedal, a problem the automaker knows to be potentially related to seven injuries and a "small number" of accidents. The company says tests revealed that the interlock, which is supposed to keep the transmission from shifting out of park without the driver's foot on the brake and without a key in the ignition, may malfunction if subjected to high temperatures for long periods. The recall is limited to vehicles equipped with shifters mounted on the steering columns; those with rotary-dial shifters or floor-mounted shifters aren't affected, and model-year 2017 trucks built after Dec. 31, 2016, are excluded. Trucks covered by the recall are certain 2010-2017 Ram 2500 and 3500 pickups; 2011-2017 Ram 3500, 4500 and 5500 chassis cabs; and 2016 and 2017 Ram 3500 chassis cabs of less than 10,000 pounds gross vehicle weight. Certain 2009 through 2017 Ram 1500 pickups are also included in the recall. Most of the affected trucks are in the U.S., with the rest in Canada and Mexico, plus about 15,000 outside of the North American Free Trade zone. FCA recommends that customers always use parking brakes and not leave children unattended in parked cars.Related Video: Featured Gallery Mojave Road in a 2017 Ram 2500 Power Wagon View 31 Photos Recalls RAM Truck ram 5500 ram 4500