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Chrysler nets $1.6B income in Q4, Fiat profit up 5%

Wed, 29 Jan 2014

Chrysler announced its 2013 financial results today and unveiled its new name and decidedly bank-like logo. Amid the announcement, Chrysler posted big gains in income, while Fiat didn't perform to analysts' expectations.
For 2013, Chrysler had revenue of $72.1 billion, up 10 percent from 2012. Net income reached $2.8 billion, a 65-percent increase. It was the company's third straight year of annual profits.
In terms of unit sales, Chrysler sold 2.4 million cars worldwide in 2013, up 9 percent. According to Automotive News, 1.8 million of those vehicles were sold in the US, a 14-percent increase. The sales growth boosted Chrysler's US market share to 11.4 percent, up 0.2 percent.

2015 Jeep Renegade to start at $17,995, Trailhawk rings up at $25,995

Thu, Jan 22 2015

Prices for the 2015 Jeep Renegade have leaked onto a enthusiast forum ahead of the official embargo on pricing and driving impressions, which breaks at 12:01 AM Friday. They come from a video interview with Jeep CEO Mike Manley, that was allegedly set live accidentally. It's since been pulled down. At this point, it's unclear if the listed prices include any destination charges, so they could climb slightly higher or lower. In its most basic form, the two-wheel-drive Renegade Sport will go on sale for just $17,995. For that price, you get, um, not a lot. Really. The entry level Renegade doesn't even offer standard air conditioning – it's part of a package that includes heated power mirrors and cruise control. The $21,295 Latitude adds a leather-wrapped steering wheel, standard 16-inch wheels, air conditioning, five-inch touchscreen infotainment system with Bluetooth, a six-speaker stereo and USB connectivity. The top-end Renegade Limited, meanwhile, starts at $24,795 and makes standard items of the heated, powered leather seats, dual-zone climate control, seven-inch TFT display in the instrument cluster, auto-dimming mirror and 18-inch wheels. The Limited also adds a number of aesthetic tweaks that spruce up the Renegade's exterior, including brightwork around the grille, mirror caps, taillights and roof rails. The above prices, of course, are only for the front-drive Renegade. Add $2,000 to the above prices for all-wheel drive. You won't need to add that to the all-wheel-drive-only Trailhawk, which starts at $25,995 and comes with a slew of off-road features, including a bespoke front and rear fascia, with the former sporting the world's most adorable pair of red tow hooks. Mechanically, there's an exclusive version of the brand's Active Drive all-wheel-drive system that includes a 20-to-one crawl ratio and a dedicated Rock mode for the Selec-Terrain system and 17-inch wheels. The cabin, meanwhile, is home to Ruby Red accents. While we have basic trim prices, we're still without more specific details, including the cost of marquee options like the My Sky roof, as well as the plethora of options packages that will be available when the CUV arrives in dealers. We'll have our full review of the all-new Renegade available when the embargo on driving impressions breaks Friday. In the meantime, let us know what you think of these prices. Are they where you expected them to be? Higher? Lower? Have your say in Comments. Related Video:

Chrysler readying 20 Moparized vehicles for SEMA

Tue, 08 Oct 2013

The Las Vegas Convention Center has plenty of space for aftermarket companies and automakers to show off their wares, and it looks like Chrysler is taking advantage of the spacious floor plan. At next month's SEMA Show, Chrysler will have a full 20 cars from its six brands decked out with Mopar gear.
As a hint of what is to come, Chrysler released a handful of teaser sketches showing glimpses of modified Jeep Cherokee, Ram 1500, Fiat 500L and Chrysler 300 concept vehicles. The automaker will also use the venue to show off a new line of Jeep Performance Parts offered by the all-new Mopar Off-Road Division. In addition to the images, Chrysler also issued a brief press release - posted below - breaking down some of the "industry-first features" that Mopar has offered in recent years.