Chrysler is back and in a big way!

Make no mistake about it my friends as Chrysler are back in the black in a big way! Give Sergio and his team credit for bringing Chrysler back from the brink with still plenty of new product on the way to continue to drive this turnaround story.

DETROIT — Chrysler Group said its first-quarter net income quadrupled on surging sales as the automaker set a profit target of $1.5 billion for the year.

Chrysler earned $473 million in the January-March period, up from $116 million a year earlier. Revenue rose 25 percent to $16.4 billion as U.S. vehicle sales increased 39 percent, the company said in a statement today.

“It’s fair to say that Chrysler is firing on all cylinders,” Chrysler-Fiat CEO Sergio Marchionne said. “It’s been a great quarter, and I think that the indications for the remainder of the year are absolutely positive.”

The 2012 target of $1.5 billion in net income would far outpace the $183 million earned last year as Chrysler posted its first annual profit since its 2009 bankruptcy.

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Chrysler leads the pack in Detroit for June growth

From the Detroit News:

The three Detroit-based automakers all reported double-digit U.S. sales increases in June, led by Chrysler Group LLC’s 30 percent increase from a year ago with 120,394 vehicles sold and the best June for the automaker since 2007.

That is followed by a 13.6 percent increase reported by Ford Motor Co. with 194,114 vehicles sold.

The third domestic automaker, General Motors Co., reported a 10.2 percent increase on sales of 215, 358 vehicles compared with June 2010.

Among the top Japanese automakers, who continue to struggle with earthquake-related shortages, Honda Motor Co. Ltd. reported a 27.1 percent decline for the month with total sales of 83,892. The Honda brand suffered a 27.4 percent drop in sales for the month while the luxury Acura brand was off pace by 24.5 percent.

Toyota Motor Corp. saw a 21.1 percent falloff for the month with 110,937 vehicles sold. The Toyota brand dropped 18.7 percent; Lexus division sales fell 37.8 percent compared with a year ago, when Japanese production was at full throttle.

“June marked a significant turning point for Toyota as sales moved up over last month (May),” said Don Esmond, head of U.S. operations. Supply and selection are improving daily, he said.

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Alfa Romeo to return to North America by 2012

Looks like the big Alpha will be rolling again in the US and Canada in 2012. This is really big news for Chrysler/Fiat and the dealers that get to sell these attractive cars. Look for sleek styling and hopefully top notch quality that could bring in buyers who want the right pricing with as much style as they can afford. Good to see Alpha Romeo coming back to the states!

From AutoGuide.com:

According to Fiat CEO Sergio Marchionne, his company’s stylish Alfa Romeo brand will return to North America in the next 24 months, meaning that models should be on sale in 2012. “I’m a lot more confident now that Alfa Romeo will reconstitute a product offering that is acceptable globally, and more in particular in the United States and Canada,” said Marchionne to Automotive News.

Read the full article here.

  

Chrysler comeback closer than people think?

With all the talk about the lack of product for Chrysler and Dodge, the Detroit Free Press takes a harder look and some feel there is a lot more in the works than most give credit. In the next 12 to 18 months, look for a totally new experience when you enter a Chrysler/Dodge/Fiat showroom. The Chrysler comeback might be closer to reality than most of us could have imagined.

We feel the barometer will be how well the Fiat 500 performs when hitting the showroom floors later this year!

We all know Chrysler won’t reap the benefits of its alliance with Fiat until 2012, but that doesn’t mean the cupboard is bare. To the contrary.

This year, Chrysler plans to introduce three new vehicles that are acknowledged leaders in their segments and one new model that gets it into a growing and potentially lucrative new market.

The first Fiat model, the 500, will also arrive, giving Chrysler dealers a sophisticated and chic little car that’s smaller and considerably less expensive than the Mini Cooper.

Read the full article here.

  

Chrysler to invest $179 million in its Dundee engine

Fiat/Chrysler is beginning to invest in the U.S. with this great news for Michigan! I still say if they (Fiat/Chrysler) can survive the next 12 – 18 months great things can happen under Marchionne.

From the Detroit News:

Auburn Hills — Chrysler Group LLC CEO Sergio Marchionne on Thursday morning confirmed plans to invest $179 million in its Dundee engine plant to build a fuel-efficient, four-cylinder Fiat SpA engine for use in the subcompact Fiat 500 and other cars.

The investment will create 155 Chrysler jobs on a single shift and another 573 spinoff jobs. It is too soon to begin hiring, executives said.

The automaker’s Global Engine Manufacturing Alliance LLC plant in Dundee currently employs 66 salaried and 184 hourly workers on two shifts.

To read the article in full, click here.


Photo from fOTOGLIF

  

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