Chrysler, Dodge, and Jeep news from Allpar

Chrysler performance: close to 2009 plan

According to Chrysler’s Five-Year Plan, Chrysler Group hopes to have 2.8 million units in annual sales by 2014. Chrysler ended 2012 with 2.2 million sales (just under 1.7 million in the US). Worldwide sales increased 18% from 2011, and U.S. sales increased by 21%.

Overall, Chrysler Group was just 206,000 vehicles below the plan for 2012, admirable performance given the economic issues in Europe.

Estimated 2012 Sales
(Five-Year Plan)
Actual 2012 Sales Difference
U.S. 1,800,000 1,652,000 - 148,000
Canada 200,000 244,000 + 44,000
Mexico 100,000 88,000 - 12,000
International 300,000 210,000 - 90,000
Chrysler Group Global Total 2,400,000 2,194,000 - 206,000

Sales by brand, in 2011 and 2012, were:

2011 Sales 2012 Sales Difference
Fiat 26,000 53,000 + 27,000
Ram 349,000 396,000 + 47,000
Chrysler 250,000 348,000 + 98,000
Dodge 638,000 695,000 + 57,000
Jeep 592,000 702,000 + 110,000

Financial numbers also improved, greatly exceeding or coming close to Five-Year Plan estimates. Chrysler’s net income last year was $183 million; for 2012 it increased to $1.7 billion. Revenue increased 20% over 2011 to about $66 billion.

Chrysler ended the year with $11.6 billion in cash and $2.2 billion in free cash flow. Because of the positive free cash flow, net industrial debt decreased from $2.9 billion in 2011 to $1 billion in 2012.

Estimated for 2012
(Five-Year Plan)
2012 Actual Difference
Net Revenue $57.5 billion $65.8 billion + $8.3 billion
Modified Operating Profit $3-3.5 billion $2.9 billion - $0.1-0.6 billion
Free Cash Flow $1 billion $2.2 billion + $1.2 billion

The modified EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) went up 15% compared to 2011 to $5.5 billion. Estimates for 2013 are:

Worldwide Vehicle Shipments 2.6-2.7 million
Net Revenue $72-75 billion
Modified Operating Profit $3.8 billion
Net Income $2.2 billion
Free Cash Flow ≥ $1 billion

Fiat 500L recall


Chrysler Group has announced it will recall an estimated 29,500 2014 and 2015 Fiat 500L vehicles shipped in the U.S. and Canada to replace their knee airbags. Of the total, an estimated 25,500 are in the U.S. with the other 4,000 in Canada. Based on U.S. sales reported through the end of June, the recall appears to cover all of the 500Ls sold or shipped since the model went on the market....

2015 300 spotted

Robert C. Evans wrote, “I caught these right outside my office this morning. It appears to be an updated 2015 Chrysler 300, with a much larger front grill than the current generation. It seems it is almost returning to the original 300 grill and squared off front end. You will also see integrated exhaust in the rear much like the 2015 Chrysler 200.” Most of the sheet metal should be similar to the current version, as the 2015 will be a relatively minor refresh — except for the use of eight-speed automatics across the board and UConnect upgrades....

Hellcat ring-tones

If you can’t afford $60,000 or more for the real thing, or the insurance surcharges for driving a 707 horsepower car (even if you promise to use the 500-hp black fob), Dodge will help out by providing a Hemi Hellcat ring-tone for your phone. The ringtone can be heard and downloaded from Deeper looks: 2015 Challenger SRT: Hellcat and 392 2015 Dodge Challenger Hellcat at the track HellCat: supercharged Hemi engines...

Categories: Chrysler, Sales.

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