Once again, the Chrysler group was responsible for keeping the Fiat-Chrysler alliance in the black. Under IFRS, the American automaker earned $740 million (€604 million) in the second quarter of 2012, while Fiat reported a loss of $301 million (€246 million). After doing the simple math, group earnings netted to $440 million (€358 million).
This performance is made more impressive by the fact that Chrysler lost $370 million in the same quarter last year, a figure that included a one-time $551 million charge related to repayment of its government loans.
“Our results reflect a tireless pursuit by the people of Chrysler Group to deliver the very best quality and value across our brands,” said Sergio Marchionne, Chrysler Group LLC Chairman and CEP.
“Together, we are always striving to achieve more, to learn from the past and build upon our successes. Nowhere is our dedication more evident than in the all-new Dodge Dart, with up to 41 mpg highway and levels of customization not typically found in the compact car segment,” he added.
While Fiat continues to be pummeled by an ailing European market, Chrysler continues to ride high on strong North American sales. Expect similar results in the next two quarters.
Chrysler Celebrates 35 Years Of The Minivan With Special Edition Pacifica, Caravan
It’s been over three decades, since the American automaker gave birth to the minivan segment.
Chrysler introduced the first minivan — Dodge Caravan / Plymouth Voyager — in 1984, and has sold more than 14.6 million minivans over the proceeding 35 years, twice as many as any other automaker. It chose to celebrate the milestone with 35th Anniversary Edition versions of the Chrysler Pacifica, Pacifica Hybrid and Dodge Grand Caravan.
All three feature an all-black interior with Cranberry Wine accent stitching and special 35th anniversary badging.
Available on the Touring L, Touring L Plus and Limited models, the Chrysler Pacifica 35th Anniversary Edition has Cranberry Wine accent stitching on its McKinley and Nappa leather perforated seats, steering wheel, door trim, instrument panel and door handles. Designers the 35th Anniversary logo has on the front floor mats.
Touring L trim models come standard with memory driver’s seat, eight-passenger seating, Mopar overhead DVD, 18-inch wheels. Going for the Touring L Plus adds a dual-pane sunroof and the Limited further adds 20-inch wheels.
The Hybrid Touring L comes equipped with the premium Audio Group with 13 Alpine speakers, Uconnect 4C Nav with 8.4-inch display and 17-inch wheels, while the Hybrid Limited tosses in 18-inch wheels.
Only the Grand Caravan SE and SXT models get the 35th Anniversary treatment, boasting 17-inch tech silver aluminum wheels, 35th Anniversary fender badge and a Bright grille.
Inside, they features Cranberry Wine accent stitching on the steering wheel, seats and door trim; a Piano Black console and IP accent; and a 35th Anniversary embroidered logo on the front floor mats.
The 35th Anniversary edition Chrysler Pacifica and Dodge Grand Caravan go on sale in Summer 2019.
Chrysler 300 Sedan Will Be Discontinued In 2020
It will be the last Chrysler sedan.
Chrysler two model lineup will see the elimination of the Chrysler 300 in 2020 and the addition of a second people-mover.
According to , there is no replacement for the large sedan planned. Instead, we can expect a new model based on on the Pacifica by mid-2019, possibly a crossover.
A production version of the electric Portal concept is also planned and should arrive in 2020. Unveiled in 2017 at CES in Las Vegas, the concept featured retractable steering wheel and had autonomous driving capabilities.
The elimination of the Chrysler 300 in 2020 will end a 15 year run for the full-size sedan, which entered production in 2005.
It’s hard to imagine a Chrysler brand without a sedan, let alone a large one, but the segment is in a perceptible decline, leading several other automakers to also trim their sedan lineup, if not downright eliminate it.
With only three models in its lineup by 2020, will the Chrysler brand even be relevant? Share your thoughts in the comments below.
Mike Manley Becomes New Fiat Chrysler CEO, Marchionne Steps Down
Health complications has forced Sergio Marchionne to step down from his post as Fiat Chrysler Automobile’s CEO. He has been replaced by Mike Manley effective immediately.
Marchionne had been recovering from shoulder surgery for some months, but a deterioration in his condition has rendered him incapable of running the automaker effectively.
FCA did not elaborate, but having served as FCA CEO since 2004, the former tax account oversaw a controversial tenure that included the acquisition of Chrysler during the 2008 global financial crisis, saving it from bankruptcy; the reintroduction of the Fiat, Alfa Romeo and Maserati brands to North America; spinning off Ferrari; and killing off Chrysler’s passenger cars,
Marchionne was expected to retire at age 66 in 2019. His replacement, Manley was previously the boss of FCA’s Jeep and Ram brands and assumes all powers of the CEO by the board of directors. John Elkann will become chairman at Ferrari, a post Marchionne was expected to hold in until 2021.
Is Fiat Chrysler better off without Sergio Marchionne? Share your thoughts in the comments below.