2012 Jeep Patriot Latitude on 2040-cars

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Chrysler reports $166M net income for Q1, down $307M vs. 2012

Preliminary first-quarter results from 2013 have been announced by Chrysler, and the company is reporting a net income of $166 million on revenue of $15.4 billion. Compared to this period last year, net income is down $307 million and revenue has dropped $1 billion.
Chrysler says that its quarter was negatively affected by the costs associated with launching its 2013 Ram Heavy Duty, 2014 Jeep Grand Cherokee and preparation for the return of the all-new 2014 Jeep Cherokee pictured above. The launches should provide a strong second half of 2013, says the automaker. "We remain on track to achieve our business targets, even as the first-quarter results were affected by an aggressive product launch schedule," said Chrysler Group LLC Chairman and CEO Sergio Marchionne.
On a positive note, the automaker says worldwide vehicle sales are up 8 percent from one year ago, a number pushed by a 12 percent bump in U.S. retail sales. In addition, domestic market share has risen slightly, up to 11.4 percent from 11.2 percent last year. Read more in the official statement below.

2015 Jeep Renegade

It's no secret that the midsize crossover segment is one of the most hotly contested battlegrounds in the automotive industry. Long have vehicles like the Ford Escape, Honda CR-V and Toyota RAV4 duked it out for those ever illusive consumer dollars. For many customers, though, even something like a Nissan Rogue is too big, whether in terms of price, fuel economy or just plain size.
For those customers, a growing market segment seems poised to fulfill their needs. Compact crossovers and tall wagons like the Nissan Juke and Kia Soul offer the high-riding driving experience with all the utility that comes from their two-box layout. It's an underrepresented segment among manufacturers, with big names like Toyota, Ford, General Motors and Honda lacking a true competitor.
To capitalize on this growing class, Chrysler's Jeep brand has readied this: the Renegade. That's right. Not Jeepster - Renegade. This diminutive off-roader, which rides on Fiat Chrysler's new small-wide 4x4 architecture, represents Jeep's first foray into the subcompact CUV segment as we know it, and it's making its official debut this week, on the floor of the 2014 Geneva Motor Show. Join us as we take a close look at one of Jeep's most important products in some time.

Daily Driver: 2015 Jeep Renegade Sport 4x4

Daily Driver videos are micro-reviews of vehicles in the Autoblog test fleet, reviewed by the staffers who drive them every day. Today's Daily Driver features the 2015 Jeep Renegade Sport 4x4, reviewed by Adam Morath. Something to note: The vehicle tested here is a pre-production unit, and we had some issues with the MySky removable roof system. (Associate editor Brandon Turkus mentioned these problems in his Quick Spin.) FCA confirms that improvements were made for production-spec cars. You can watch the video above or read a transcript below. Watch more Autoblog videos at /videos. [00:00:00] Hey, this is Adam Morath with another Daily Driver. Today, we're in the 2015 Jeep Renegade and I'm excited to be driving this in a Sport trim level. That's the lowest trim that they offer it in. I say I'm excited, because often we get the cars to totally spec-ed out to the max, the automaker trying to show off what they can do with the car but it doesn't always give you a realistic view of how most customers are going to spec the car, and I think with the Renegade being the entry-level model for Jeep now [00:00:30] replacing the outgoing Patriot and Compass, it makes sense to drive this in the Sport trim. We do have it in 4x4, comes in at just around $23,000. It's powered by a turbocharged 1.4 liter inline 4 and we've got it, made it to the 6-speed manual transmission, which is pretty cool. Again you can see FCA's fingerprints on this car. If they wanted to do well in Europe, of course you've got to offer it with a manual and that's nice for consumers here to have that choice of having a stick shift in the Jeep again. [00:01:00] That's kind of fun. It produces 160-horsepower, 184 pound-feet of torque. It's got a little pack to it. I wouldn't call it sporty but it's enough for a vehicle of this size. This is a pretty basic version of the renegade. The only options we have on it are the AC, the roof rails, 4-wheel drive, which is a must here in Michigan and then these MySky roof panels, which I'll get to in a minute, but that takes us from a base price of $18,000, the cheapest you'll be able to get into a Renegade for [00:01:30] up to about $23,700, which is where we're at. Yes, these are MySky roof panels. It's a totally new feature on the Renegade that Jeep is trying out and I think it's pretty cool. It's like a tee top system, except the panels aren't side by side. You have one in the front and one in the back.