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Jeep will show new Grand Wagoneer to dealers this summer

It's generally accepted that the Jeep Cherokee was the first real midsize sport utility vehicle to make headway into the hearts, minds and driveways of American consumers in 1984. While that SUV was aimed at the mainstream, it could be argued that the vehicle that made the idea of a luxury SUV possible was the seminal Jeep Grand Wagoneer. We've been hearing rumblings of a revived Grand Wagoneer for years, but if a report from Automotive News is accurate (despite the fact that it seemingly contradicts an earlier report from the same outlet), the wait may nearly be over. Jeep plans to show off its new Grand Wagoneer at the upcoming dealer show in Las Vegas in August, and while that doesn't give any real indication of when such a vehicle may make it into the hands of consumers, such news probably at least means the automaker has a finalized design. While we're mostly over retro-inspired cars, we'll happily cast a vote toward a three-row Grand Wagoneer with faux woodie body sides, if anyone cares to tally it... Featured Gallery Jeep Wagoneer through the years View 12 Photos News Source: Automotive News - sub. req. Jeep Automotive History SUV

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.

Mazda2 nets Japan Car of the Year, Cherokee first US model to ever crack top 10

The 2015 Mazda2 is quite high up on our must-drive list. Yes, the teeny, tiny successor to the 100-horsepower five-door is worth getting excited over, largely because the previous generation was one of the absolute best smiles-per-dollar values on the market.
While we eagerly await for our opportunity to take to the 2's helm, our expectations of the new car have just been heightened thanks to its win in Japan's Car of the Year competition. Called "Demio" in the land of the rising sun, Japanese journalists handed out Mazda's second COTY award since the CX-5 took the title in 2012.
In more surprising news, the new Jeep Cherokee has made the list of 10 Best Cars in Japan. The Jeep's triumph marks the first time an American car has cracked the top ten, finishing eighth. It's not, however, the first Fiat Chrysler vehicle to snag the title, following in the footsteps of the Alfa Romeo Giulietta and Fiat Panda. Still, the fact that an American brand can make such impressive inroads into the traditionally tough-to-crack Japanese market is a seriously big deal.