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Posts Tagged ‘jeep production’

Chrysler Earnings Jump 16% – Give Boost to Italian Partner Fiat

But production issues, recalls, were costly problems

by on Jul.30, 2013

Fiat/Chrysler CEO Sergio Marchionne.

Despite paying a heavy price for a string of recent recalls, Chrysler Group LLC reported a 16% increase in earnings during the second quarter of 2013 and the company’s chief executive said he expects even stronger numbers during the second half of the year – though earnings are still expected to fall short of earlier expectations..

But Chrysler earnings would have been even stronger were it not for a major recall to address a Jeep safety issue as well as production shortfalls. Even so, the Detroit maker’s results were enough to provide a much-needed boost to its Italian partner Fiat which quadrupled its own net income for the second quarter despite ongoing problems in its home European market.

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The automaker posted net income of $507 million, compared to $436 million during the same quarter a year earlier. The second quarter marked Chrysler’s eighth consecutive quarter of positive net income. Net revenue increased 7% to $18 billion and Chrysler’s operating profit also increased 7% to $808 million from $755 million a year ago.

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Chrysler Grabs #1 Spot in Canada

Strong demand “North of the Border” offsets other problems.

by on Apr.04, 2013

Oh, Canada! Chrysler takes a rare lead.

Fiat/Chrysler boss Sergio Marchionne has had some tough times lately trying to launch production in China while hoping to revive a faltering deal in Russia. Then there’s the challenge of a crumbling European car market that has hammered the Italian side of the trans-Atlantic automaker – so it’s good to be getting a lift from one corner of the globe.

Chrysler is now the sales leader in Canada, nudging its way in the relatively small market past traditional industry leader General Motors, as well as rival Ford Motor Co. and Japanese giant Toyota. With its strong network of rural dealers, Chrysler’s unexpected dominance “North of the Border” serves to provide some credibility to Marchionne’s ongong efforts to build Chrysler/Fiat into a global power house.

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(It also comes as a point of personal celebration for the Fiat/Chrysler CEO who grew up in Canada.)

Up until now, Marchionne’s efforts, while scoring some impressive results in the U.S., have still been greeted by a large measure of skepticism by analysts who don’t believe the American-Italian company can compete long-term.

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Chrysler Scrambling to Boost Jeep Production, Add New Models

Toledo plant could near 500,000 annually.

by on Mar.21, 2013

Jeep is struggling to meet surging demand for the flagship Grand Cherokee - the 2014 model shown here.

Chrysler is looking to kick up production of Jeep vehicles as it stretches to reach its objective of selling 800,000 Jeeps annually. More than half of those are to come from the SUV brand’s expanded plant in Toledo, Ohio.

The ramp-up of Jeep production is happening significantly faster than outlined in the playback Fiat/Chrysler CEO Sergio Marchionne unveiled in late 2009, shortly after the U.S. maker emerged from bankruptcy. But Jeep’s aggressive growth plans can’t soon enough for the Italian side of the company.

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Marchionne told reporters in Italy earlier this week that a lack of Jeeps caused by the work at its factories – and a changeover to new models — will hurt the company’s finances during the first quarter. But he is hoping that the trans-Atlantic alliance can more than recover from that shortfall by year-end.

Chrysler’s Jefferson North plant in Detroit is still ramping up production of the new 2014 Jeep Grand Cherokee, which is also being prepared for expanded export as Marchionne pushes to transform Jeep into a truly global brand.

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Jeep – Imported From Italy

Next-gen “small Jeep” to be Produced Overseas.

by on Dec.21, 2012

The replacement for the Jeep Patriot and Compass will be produced in Melfi, Italy and share underpinnings with the new Fiat 500X.

This story has been updated following clarification from Chrysler about plans for Jeep.

A new small Jeep will be produced in Italy and then exported to the U.S. and other markets, according to Fiat/Chrysler CEO Sergio Marchionne, a move the maker hopes will help improve capacity utilization as European car sales collapse.

While Marchionne did not specifically identify the Jeep product, company officials have since advised TheDetroitBureau.com that the new product would be an “additional model to the (brand) and not (a) replacement for the current Jeep Compass or Patriot models, as had been earlier reported.

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The new products will be based upon a crossover chassis developed by Fiat and Chrysler using their new Small-Wide “architecture.”  That platform will be shared with several Fiat additions, the recently-introduced 500L and the new 500X.

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Romney’s Jeep Claim called the Political “Lie of the Year”

Campaign ad wins “four Pinocchios.”

by on Dec.13, 2012

GOP candidate Romney wound up taking fire from both Chrysler and General Motors for his claims during the final weeks of campaigning.

It looks as if Mitt Romney won something after all for his expensive campaign to become President of the United States despite his loss to the Democratic incumbent, Barack Obama.

PolitiFact has selected Romney’s claim that Barack Obama “sold Chrysler to Italians who are going to build Jeeps in China” at the cost of American jobs as the 2012 “Lie of the Year.” The site itself has notably been praised for holding politicians on all sides of the spectrum accountable for comments, claims and ads.

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“People often say that politicians don’t pay a price for deception, but this time was different: A flood of negative press coverage rained down on the Romney campaign, and he failed to turn the tide in Ohio, the most important state in the presidential election,” the influential web site noted.

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Chrysler Looking to Further Boost Jeep Production

“We need more,” says CEO Marchionne.

by on Nov.19, 2012

Marchionne's biggest problem at Chrysler, for now, is a shortage of capacity.

Chrysler is looking for ways to increase production of its Jeep models at a key plant in Toledo, Ohio.

Chrysler chief executive officer Sergio Marchionne says the company is looking for ways to increase production and may add even more to the already announced commitment to invest $500 million to re-tool the Toledo assembly complex.

Chrysler needs more production of vehicles such as the Jeep Wrangler, which is in particularly short supply, Marchionne said. “We need more of everything,” but especially Jeeps, he said, noting that Chrysler has seen 31 months of consecutive, year-over-year sales increases.

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Marchionne’s comments come in sharp contrast to the picture portrayed by Republican presidential candidate Mitt Romney during the final weeks of the 2012 campaign. Incorrectly interpreting a wire service report, the GOP nominee declared that Chrysler was going to transfer Jeep production from the U.S. to China, a claim that continued to be used on the campaign trail despite Chrysler’s efforts to correct the confusion.

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