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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.

Florida Highway Patrolman seen watching YouTube in traffic

The Florida Highway Patrol is investigating allegations of a trooper watching YouTube videos on his official in-car laptop while driving. Lee County Florida resident James Peebles caught the alleged offender during his morning commute in early April, NBC2 reported. After exiting I-75, Peebles said that the FHP cruiser rolled up next to him at a stop light where he could clearly see the trooper inside watching a car race on Youtube on an official FHP laptop. Peebles put his car in park and snapped a picture of the cruiser before continuing to work. Later that day, he posted the photo to Facebook where it quickly went viral. "It blew my mind," Peebles told NBC2. "Everybody's human though, so I do know that we all make mistakes." NBC2 contacted the FHP for a statement after speaking to Peebles. An FHP spokesperson told the station that troopers are allowed to use their laptops while driving squad cars when carrying out official duties such as "simple inquiries" and "reviewing the nature of incoming messages". Other Florida motorists, like Jim Kosmerick who was interviewed by NBC2 for this story, don't consider watching an old race on YouTube to be official FHP business. "It's not official business, there's no way you can convince me otherwise," said Kosmerick. The FHP says that they are now aware of this fast moving viral image, and that they are taking the issue very seriously. They state that an investigation into the matter is underway, and that troopers are expected to abide by department policy and lead by example. Related Video News Source: NBC2 Government/Legal Weird Car News Dodge Driving Safety Police/Emergency Videos Sedan distracted driving Dodge Charger Pursuit

Official USPS Muscle Cars stamps coming to a mailbox near you

As much as our digital lives have cut down on our trips to the post office, there are still times that sending "snail mail" is necessary. With us car lovers in mind and philately in their hearts, the good folks at the United States Postal Service will introduce a new stamp design called "Muscle Cars" starting on February 22.
Designed by artist Tom Fritz, the new collection of stamps consist of five classic muscle cars: 1969 Dodge Charger Daytona, 1970 Chevrolet Chevelle SS, 1967 Shelby GT-500, 1966 Pontiac GTO and 1970 Plymouth Hemi 'Cuda. In addition to just the stamps, the USPS is also commemorating the new series with plenty of collectable memorabilia. Previous car-related stamps include 50s Sporty Cars from 2005 and 50s Fins and Chrome from 2008.