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Posts Tagged ‘chrysler news’

Fiat Profits Plunge 55%

CEO Marchionne points to runaway incentives costs.

by on Jul.30, 2014

FCA CEO Sergio Marchionne said the automaker needed to have great results in the next two quarters.

Fiat says its second-quarter profits plunged 55% as the maker’s U.S. partner Chrysler struggled to move old product with new incentives, while the Fiat side of the company dealt with a slowdown in South America.

Fiat, which expects to complete its takeover of the U.S. maker in October, earned a net profit of 197 million Euros, or $264 million, for the three-month period ending on June 30, compared with 435 million Euros a year before. On an EBIT – or earnings before interest and taxes – basis, the numbers dipped to 961 million Euros, or $1.3 billion, from 1.1 billion Euros a year earlier.

Insight!

“We had a crappy first quarter, a halfway decent second, and we need to have outstanding quarters in the third and fourth,” Sergio Marchionne, CEO of both Fiat and Chrysler, said bluntly during a conference call. (more…)

Chrysler Recalling 800,000 Vehicles for Ignition Switch Problem

by on Jul.22, 2014

Jeep Grand Cherokees from model years 2005-2007 are part of a larger recall of Chrysler vehicles with ignition problems.

Chrysler is expanding an earlier recall, targeting nearly 800,000 older Jeep models because of an ignition switch problem that could cause the vehicles to stall and disable their airbags and other safety systems.

The move comes as federal safety regulators investigate reports that drivers inadvertently can bump the keys on as many as 1.2 million Chrysler products, causing them to turn from the On to Off or Accessory position. The problem is similar to one that has led to the recall of millions of General Motors products in recent months. But the National Highway Traffic Safety Administration is looking into the possibility the problem could occur on products built by other manufacturers, as well.

Keeping You Safe!

While Chrysler and its dealers prepare to notify customers and schedule repairs, the maker is advising owners to remove everything but the ignition key from their key rings to reduce the risk of an unintended stall-out. (more…)

First Drive: 2015 Dodge Challenger

Redefining the muscle car.

by on Jul.22, 2014

At 707-hp, the 2015 Dodge Challenger SRT Hellcat claims to be the most powerful muscle car ever to roll out of a Big 3 plant.

If you thought the golden age of muscle cars was gone and forgotten, Dodge has a big surprise coming for you next year — actually, a whole bunch of them.

After bringing back its retro-styled Challenger coupe in 2009, the Chrysler performance brand has made steady gains on the stalwarts of the modern muscle car era, the Ford Mustang and Chevrolet Camaro. And for 2015, Challenger is getting not only a major design update, but a host of new variants including the new SRT Hellcat which, at a smoking 707 horsepower, is being billed as the most powerful factory- assembled muscle car ever.

We Give You the Muscle!

While modern muscle cars aren’t for everyone, models like the Challenger are gaining traction not only with the Baby Boomers who grew up listening to the squeal of rubber, but also younger buyers looking for something out of the ordinary.

(more…)

Chrysler Recalls Nearly 700,000 Minivans and SUVs

Expands earlier ignition switch issue.

by on Jul.01, 2014

The 2007 Chrysler Town & Country is one of the vehicles covered by the maker's expanded recall.

General Motors isn’t the only automaker watching its recall count rise fast, Chrysler saying it will also take action to fix nearly 700,000 faulty minivans and SUVs.

In fact, the problem at the smaller maker is one GM is quite familiar with, Chrysler saying the vehicles are equipped with faulty ignition switches that could inadvertently switch from the On to Accessory position, potentially leading to a crash while also disabling the vehicles’ airbags.

Beyond the Headlines!

The announcement helped push the U.S. auto industry to an all-time record for recalls – and after just six months. It also marked one of the busiest months for recalls in automotive history. GM alone staged 24 recalls in June, impacting a total of nearly 12 million cars, trucks and crossovers in the U.S. and over a million more abroad.

(more…)

Chrysler the Latest Maker to Add Stop/Start Technology

Fuel-saving system to debut on new Chrysler 200, Jeep Cherokee.

by on Jun.24, 2014

The 2015 Chrysler 200 will be the first vehicle to get stop-start technology with the Jeep Cherokee coming along later this year.

Chrysler will offer the new stop-start technology on two of its newest models for 2015, with more products likely to get the fuel-saving system over the next few years.

Stop-start will become standard on the 2.4-liter version of the all-new 2015 Chrysler 200 sedan, as well as on the Jeep Cherokee equipped with the maker’s 3.2-liter Pentastar V-6.

The Word is "Free"!

The technology briefly shuts the engine off when the vehicle comes to a halt at a stoplight or on, say, a fast food line, automatically firing back up when the driver’s foot lifts off the brake. Estimates of the benefits vary, though Chrysler predicts stop-start should improve fuel economy by about 3% on the Chrysler 200 and Jeep Cherokee, while reducing emissions by about 3%, as well. (more…)

Unexpected Canadian Election Results Could be Good News for Automakers

Liberals route Ontario Conservatives – and are likely to restore aid package to Chrysler.

by on Jun.13, 2014

Fiat Chrysler CEO Sergio Marchionne had weighed in with criticism of ruling Conservative leader.

With growing concerns about the economic viability of producing cars and car parts in Canada, an unexpected upset in provincial elections may wind up keeping makers like General Motors, Ford and Toyota — as well as numerous parts makers — from fleeing the country.

There’s been a sharp divide over aid for the auto industry, but as the dust settles after the vote in Ontario, Chrysler could turn out to be the most immediate winner. A proposed $2 billion package for the maker had been put on hold, and possibly scuttled as a result of a political controversy leading up to the election.

Global News!

How that will play out for the rest of the auto industry operating North of the Border remains to be seen, but observers warn that with the Canadian currency running close to par with the American dollar in recent years, it is becoming increasingly difficult for automakers to justify continuing operations that may suffer from serious cost penalties.

(more…)

Feds Investigating Chrysler for Possible Faulty Recall Repairs

Recall for 2012 SUVs for airbag issue at center of query.

by on Jun.02, 2014

The 2004 Jeep Grand Cherokee is one of several models subjected to a recall in 2012 that is under investigation again.

The spotlight of the National Highway Traffic Safety Administration is now being shone on Chrysler and its 2012 recall of more than 740,000 SUVs due to an issue with airbags and the repairs made to them.

Six owners of the vehicles repaired for the problem have had airbags deploy without explanation. According to the safety agency, no deaths have resulted from the deployments, but some burns and other injuries have been reported.

We'll Keep You Up-to-Date!

In November 2012 the automaker recalled 744,000 2002-03 Jeep Liberty and 2002-04 Jeep Grand Cherokee SUVs after a NHTSA investigation in 2011. The recall also included another 175,000 vehicles outside the United States. (more…)

Fiat Loses $14K on Each 500e Sold

Marchionne encourages potential buyers to rethink purchase.

by on May.22, 2014

Each Fiat 500e sold costs Fiat Chrysler $14,000, making the little EV possibly CEO Sergio Marchionne's least favorite vehicle.

One of the gaps in the FCA product line-up is a shortage of hybrid or electric vehicles. However, the company does have one available – the new Fiat 500e – whether CEO Sergio Marchionne likes it or not.

The charismatic leader of the newly merged companies has never been a big fan of hybrids or EVs in large measure because, well, they’re not profitable. In fact, the new 500e is going to cost FCA more than $10k each time one rolls out of the showroom.

We'll Keep You Up-to-Date!

Viscerally opposed to losing money, Marchionne actually appeared to be campaigning against his own product recently. He may not be alone. There are several manufacturers that are less than enthusiastic about their entries into the small, but growing market for electrified vehicles. (more…)

Marchionne Hires Consultants to Review FCA Recalls

CEO wants to open UAW contract talks next month.

by on May.22, 2014

FCA CEO Sergio Marchionne (r), with outgoing UAW Pres. Bob King at the Sterling Heights, Michigan, plant recently. Marchionne said he wants to open UAW contract talks next month: a year early.

The ongoing saga of recalls from General Motors is having a spillover effect on the competition: FCA CEO Sergio Marchionne said he’s bringing in outside consultants to examine the company’s recall practices.

Speaking to reporters after an event at the Brookings Institution, Marchionne said that he’s beginning to see a new level of attentiveness by Chrysler executives when it comes to safety.

Beyond the Headlines!

“It can’t be that all of a sudden we woke up and we realized we had these issues, so there must be a change in attitude,” he said, according to the Detroit News. “We’re beginning to see people getting truly, truly cautious.” (more…)

Chrysler Kicks Off Nine-Speed Production in Indiana

Company uses old plant for new gearbox.

by on May.14, 2014

FCA CEO Sergio Marchionne told a crowd at the dedication of the new Tipton, Indiana, plant, it will play a vital role with the company.

Chrysler raised an Indiana plant from the dead to build its new nine-speed transmission that will be used to save fuel in the company’s passenger cars and utility vehicles and future fuel-efficiency targets.

Chief Executive Sergio Marchionne said at the company’s official dedication of the Tipton, Indiana, plant, which was basically abandoned five years ago, the facility is will play a vital role in creating prosperity for the both the company and for communities in north central Indiana.

Insight!

“My confidence is rooted firmly in the knowledge that those of you who work in this area have shown a consistent dedication to delivering products with outstanding quality,” said Marchionne, who also told reporters is looking at ways to expand Jeep production in the U.S. but offered no specifics. (more…)