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What does the future of Jaguar's lineup look like? According to Automobile Magazine, expect EVs and no replacement for the XK Coupe and Convertible. Let's begin with the EVs. First up is a replacement for the XJ known under the codename of X590. The report says X590 will be a four-door coupe with a liftback (something like an Audi A7). This is a compromise between infighting with Jaguar Land Rover boss Ralf Speth (wanted a three-box design to replace the XJ) and Jaguar design chief Ian Callum (wanted a big coupe). The underpinnings is a new architecture that is capable of handling the hardware needed for autonomous technologies. All-wheel drive will come standard. The plan is to have X590 possibly launch in 2018, beating models that are expected from Audi, BMW, and Mercedes-Benz. While Jaguar hopes this model is a success, the current XJ will be sold alongside it for a time in case it flops. (Secretly, we're hoping there is a new XJ coming as well.) Following a year later will be an electric SUV. Now this isn't an electrified version of the F-Pace. According to the report, this model was originally going to be a Range Rover before becoming a Jaguar. “Although it looks sleek, modern and aerodynamically efficient, this model will be rated as an SUV in North-America. All the SUV-defining hard points are there in place,” said a source about the design. This model will be offered with the choice of rear-wheel or all-wheel drive, and three different battery packs. The plan is to build around 20,000 to 30,000 X590s, and 30,000 to 50,000 of the new SUV. We should also mention the replacement for the XK has canceled, most likely due to Jaguar's electric ambitions. We know the replacement would have used a stretched version of the F-Type's platform. Source: Automobile Magazine View full article -
What does the future of Jaguar's lineup look like? According to Automobile Magazine, expect EVs and no replacement for the XK Coupe and Convertible. Let's begin with the EVs. First up is a replacement for the XJ known under the codename of X590. The report says X590 will be a four-door coupe with a liftback (something like an Audi A7). This is a compromise between infighting with Jaguar Land Rover boss Ralf Speth (wanted a three-box design to replace the XJ) and Jaguar design chief Ian Callum (wanted a big coupe). The underpinnings is a new architecture that is capable of handling the hardware needed for autonomous technologies. All-wheel drive will come standard. The plan is to have X590 possibly launch in 2018, beating models that are expected from Audi, BMW, and Mercedes-Benz. While Jaguar hopes this model is a success, the current XJ will be sold alongside it for a time in case it flops. (Secretly, we're hoping there is a new XJ coming as well.) Following a year later will be an electric SUV. Now this isn't an electrified version of the F-Pace. According to the report, this model was originally going to be a Range Rover before becoming a Jaguar. “Although it looks sleek, modern and aerodynamically efficient, this model will be rated as an SUV in North-America. All the SUV-defining hard points are there in place,” said a source about the design. This model will be offered with the choice of rear-wheel or all-wheel drive, and three different battery packs. The plan is to build around 20,000 to 30,000 X590s, and 30,000 to 50,000 of the new SUV. We should also mention the replacement for the XK has canceled, most likely due to Jaguar's electric ambitions. We know the replacement would have used a stretched version of the F-Type's platform. Source: Automobile Magazine -
By William Maley Staff Writer - CheersandGears.com January 30, 2013 Today, Chrysler announced its earnings for 2012 and the results are staggering. The company reported a net income of $1.7 billion, up substantially from minuscule $183 million profit earned in 2011. Chrysler also saw their 4th quarter net income increase from $225 million in 2011 to $378 million in 2012. The massive increases is due to Chrysler's market share increasing to 11.4%. Chrysler also unveiled a updated product plan for all of its brands. The big news is that Chrysler and Dodge have dropped their Fiat-based models. Instead, Fiat will introduce five new models including compact and subcompact cars. Here is the full breakdown: Alfa Romeo: 2013 will hopefully see the arrival of the 4C In 2015, four new models will be arriving. Chrysler: Originally Chrysler was to have three small vehicles built by Fiat in 2013. However those have been cut. New 200 is due out in 2014. Another model will get a refresh. 2015 sees three new models Dodge: Much like Chrysler, Dodge is dropping two Fiat built models. One model will see a refresh this year. Two models will get a refresh in 2014. New models are coming in 2015 and 2016. Fiat: The three Chryslers and two Dodges will become Fiats. Those will be coming in 2015 and 2016. 500L coming sometime this year Jeep: 2013 will see new Liberty/Cherokee 2014 is the new subcompact model based on a Fiat platform 2015 sees two new models. One of them is expected to be a new seven-seat Grand Wagoneer 2016 will see two models be refreshed Ram: Ram ProMaster (Sprinter replacement) due out sometime in 2013. 2014 will see the Ram van based on the Fiat Doblo 2016 will see two new Rams SRT: 2014 will see the 300, Charger, and Challenger get a refresh. 2015 is the Viper refresh. A new model is expected to join in 2016. Source: Chrysler William Maley is a staff writer for Cheers & Gears. He can be reached at [email protected] you can follow him on twitter at @realmudmonster. Press Release is on Page 2 Chrysler Group Reports Full-year 2012 Net Income of $1.7 Billion Full-year Modified Operating Profit Totaled $2.9 Billion, Up 47 Percent, and Free Cash Flow Was $2.2 Billion Chrysler Group LLC’s full-year 2012 net income improved more than eight-fold to $1.7 billion, from $183 million a year ago Net revenue for the year was $65.8 billion, up 20 percent from $55.0 billion a year ago; fourth-quarter revenue was up 13 percent to $17.2 billion Modified Operating Profit(b) improved to $2.9 billion for the year, up 47 percent from the prior year; fourth-quarter Modified Operating Profit was up 40 percent to $711 million Cash(d) at year’s end was $11.6 billion compared with $9.6 billion a year ago and $11.9 billion at Sept. 30, 2012; Free Cash Flow(e) for the year was $2.2 billion compared with $1.9 billion a year ago Net Industrial Debt(f) was $1.0 billion at Dec. 31, 2012, an improvement of $1.9 billion from a year ago Worldwide vehicle shipments were 2.4 million for the year, up 20 percent from 2.0 million a year ago; fourth-quarter shipments were 613,000 Worldwide vehicle sales for the full year 2012 totaled 2.2 million, up 18 percent from a year ago; fourth-quarter sales were 533,000 January 30, 2013 , Auburn Hills, Mich. - Chrysler Group LLC today reported preliminary net income of $1.7 billion for the full year 2012, up from net income of $183 million a year ago, exceeding the guidance provided earlier in the year. Full-year 2011 Adjusted Net Income(a) was $734 million, after adjusting for the $551 million loss on extinguishment of debt recognized in the second quarter of 2011. “While we are pleased to have achieved strong financial results in 2012, the enterprise we are crafting is not complete,” Chrysler Group LLC Chairman and CEO Sergio Marchionne said. “The goals we’ve set for the year ahead reflect a common desire by everyone from leadership to the shop floor to succeed and sustain the power of the house we are building. Our aim is meaningful, but it is not complicated, and only a preoccupation with quality can achieve it. We pause for a moment to enjoy our accomplishments, but we will not stop. Our continued achievement relies upon maintaining a humble spirit and an intense focus on the integrity of our work. And so we press on.” For the fourth quarter, net income was $378 million on revenue of $17.2 billion, up 68 percent from $225 million a year earlier. For the year, the Company reported revenue of $65.8 billion, an increase of 20 percent from a year ago, primarily due to higher vehicle shipments. Modified Operating Profit was $2.9 billion for the year, or 4.4 percent of revenue, up 47 percent from $2.0 billion reported in the prior year. The increase resulted from continuing strong sales and pricing, partially offset by an increase in the proportion of sales from passenger cars, including the Dodge Dart and Fiat 500, versus trucks and SUVs; increased research-and-development costs for future models; and increased spending on advertising. Modified Operating Profit for the quarter was $711 million, a 40 percent increase from the same period last year. Modified EBITDA© was $5.5 billion for the year, or 8.3 percent of net revenue, an increase of 15 percent from the prior year. For the fourth quarter, Modified EBITDA was $1.3 billion. View full article
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Chrysler Announces $1.7 Billion In Net Income, Revises Product Plan
William Maley posted an article in Chrysler
By William Maley Staff Writer - CheersandGears.com January 30, 2013 Today, Chrysler announced its earnings for 2012 and the results are staggering. The company reported a net income of $1.7 billion, up substantially from minuscule $183 million profit earned in 2011. Chrysler also saw their 4th quarter net income increase from $225 million in 2011 to $378 million in 2012. The massive increases is due to Chrysler's market share increasing to 11.4%. Chrysler also unveiled a updated product plan for all of its brands. The big news is that Chrysler and Dodge have dropped their Fiat-based models. Instead, Fiat will introduce five new models including compact and subcompact cars. Here is the full breakdown: Alfa Romeo: 2013 will hopefully see the arrival of the 4C In 2015, four new models will be arriving. Chrysler: Originally Chrysler was to have three small vehicles built by Fiat in 2013. However those have been cut. New 200 is due out in 2014. Another model will get a refresh. 2015 sees three new models Dodge: Much like Chrysler, Dodge is dropping two Fiat built models. One model will see a refresh this year. Two models will get a refresh in 2014. New models are coming in 2015 and 2016. Fiat: The three Chryslers and two Dodges will become Fiats. Those will be coming in 2015 and 2016. 500L coming sometime this year Jeep: 2013 will see new Liberty/Cherokee 2014 is the new subcompact model based on a Fiat platform 2015 sees two new models. One of them is expected to be a new seven-seat Grand Wagoneer 2016 will see two models be refreshed Ram: Ram ProMaster (Sprinter replacement) due out sometime in 2013. 2014 will see the Ram van based on the Fiat Doblo 2016 will see two new Rams SRT: 2014 will see the 300, Charger, and Challenger get a refresh. 2015 is the Viper refresh. A new model is expected to join in 2016. Source: Chrysler William Maley is a staff writer for Cheers & Gears. He can be reached at [email protected] you can follow him on twitter at @realmudmonster. Press Release is on Page 2 Chrysler Group Reports Full-year 2012 Net Income of $1.7 Billion Full-year Modified Operating Profit Totaled $2.9 Billion, Up 47 Percent, and Free Cash Flow Was $2.2 Billion Chrysler Group LLC’s full-year 2012 net income improved more than eight-fold to $1.7 billion, from $183 million a year ago Net revenue for the year was $65.8 billion, up 20 percent from $55.0 billion a year ago; fourth-quarter revenue was up 13 percent to $17.2 billion Modified Operating Profit(b) improved to $2.9 billion for the year, up 47 percent from the prior year; fourth-quarter Modified Operating Profit was up 40 percent to $711 million Cash(d) at year’s end was $11.6 billion compared with $9.6 billion a year ago and $11.9 billion at Sept. 30, 2012; Free Cash Flow(e) for the year was $2.2 billion compared with $1.9 billion a year ago Net Industrial Debt(f) was $1.0 billion at Dec. 31, 2012, an improvement of $1.9 billion from a year ago Worldwide vehicle shipments were 2.4 million for the year, up 20 percent from 2.0 million a year ago; fourth-quarter shipments were 613,000 Worldwide vehicle sales for the full year 2012 totaled 2.2 million, up 18 percent from a year ago; fourth-quarter sales were 533,000 January 30, 2013 , Auburn Hills, Mich. - Chrysler Group LLC today reported preliminary net income of $1.7 billion for the full year 2012, up from net income of $183 million a year ago, exceeding the guidance provided earlier in the year. Full-year 2011 Adjusted Net Income(a) was $734 million, after adjusting for the $551 million loss on extinguishment of debt recognized in the second quarter of 2011. “While we are pleased to have achieved strong financial results in 2012, the enterprise we are crafting is not complete,” Chrysler Group LLC Chairman and CEO Sergio Marchionne said. “The goals we’ve set for the year ahead reflect a common desire by everyone from leadership to the shop floor to succeed and sustain the power of the house we are building. Our aim is meaningful, but it is not complicated, and only a preoccupation with quality can achieve it. We pause for a moment to enjoy our accomplishments, but we will not stop. Our continued achievement relies upon maintaining a humble spirit and an intense focus on the integrity of our work. And so we press on.” For the fourth quarter, net income was $378 million on revenue of $17.2 billion, up 68 percent from $225 million a year earlier. For the year, the Company reported revenue of $65.8 billion, an increase of 20 percent from a year ago, primarily due to higher vehicle shipments. Modified Operating Profit was $2.9 billion for the year, or 4.4 percent of revenue, up 47 percent from $2.0 billion reported in the prior year. The increase resulted from continuing strong sales and pricing, partially offset by an increase in the proportion of sales from passenger cars, including the Dodge Dart and Fiat 500, versus trucks and SUVs; increased research-and-development costs for future models; and increased spending on advertising. Modified Operating Profit for the quarter was $711 million, a 40 percent increase from the same period last year. Modified EBITDA© was $5.5 billion for the year, or 8.3 percent of net revenue, an increase of 15 percent from the prior year. For the fourth quarter, Modified EBITDA was $1.3 billion.
