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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.

EPA posts 2018 Jeep Wrangler Unlimited fuel economy

When Jeep loosed a trio of 2018 Wrangler photos in October, Jeep cognoscenti parried over details like radio antenna placement and painted tailgate hinges, while every other viewer merely noted, "It's still a Wrangler." Now that the Environmental Protection Agency's listed fuel economy ratings for the 2018 Wrangler Unlimited with the 3.6-liter V6, Jeep savants will again parry over details. Every other viewer will merely note, "It's still got Wrangler gas mileage." According to the EPA, the current Wrangler Unlimited with the 3.6-liter V6 and six-speed manual clocks 16 miles per gallon in the city, 21 on the highway, and 18 combined. The 2018 version with the same six-speed manual comes in at 17/23/19. Switching transmissions, the current model with the five-speed automatic hooks up 16/20/18, the 2018 model with an eight-speed automatic does 18/23/20. Those numbers might not jump off the page, yet according to the EPA's cost calculator, you'll save $250 per year on gas with the eight-speed auto 2018 Wrangler Unlimited, $150 per year with the coming six-speed manual. The eight-speed auto option also exceeds Chrysler's prediction from 2014 of a nine-percent improvement in fuel economy over the five-speed auto. Now we wait for numbers on the dark horse four-cylinder, which we'd expect to best the sixer's numbers, unless the rumors are true and the four-pot really is packing every wild horse it can handle. In that case, we'll turn to the EcoDiesel for frugal kicks. If we don't find out beforehand, we can expect those goodies and more at the LA Auto Show in December. Related Video: News Source: FuelEconomy.gov via Motor Trend Auto News Government/Legal Jeep SUV Off-Road Vehicles

WWII Jeep 'found in crate' set to cross Greenwich auction block

Fans of old military vehicles might want to pay extra close attention to the Greenwich Concours d'Elegance coming up this weekend. Crossing the Bonhams auction block on Sunday are a pair of seemingly flawless World War II Jeeps, which are both expected to fetch serious dollars.
Lot Number 305 at the auction is a 1945 Ford GPW Jeep that has been fully restored, which is expected to command between $35,000 and $45,000. Shortly after the Ford GPW, a potentially more interesting 1944 Willys MB (shown above) will be auctioned off, but Hemmings raises some red flags about this Jeep. First, it is claiming to have been "discovered in its original crate about 30 years ago," but there is no proof or documentation of any sort. Also, it is claiming to be all original, but it was given a paint job "shortly after it was discovered." Even with these questionable descriptions, this Willys could reach between $20,000 and $30,000. Head over to Bonhams' site and Hemmings for more information on both WW2-era Jeeps.