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Chrysler banks $507 million in Q2, trims 2013 earnings forecast

Chrysler has some good news and some bad news. First, profits were up 16 percent over the second quarter of 2012, bringing the Auburn Hills, Michigan-based manufacturer $507 million on the back of strong demand for trucks and SUVs (a recurring theme this quarter, particularly in the US). Q2 revenue was up as well, from $16.8 billion in 2012 to $18 billion in 2013. The bad news is that the Pentastar's overall earnings forecast for net income in 2013 has been trimmed from $2.2 billion to between $1.7 and $2.2 billion, according to Automotive News.
In addition to the adjusted net income forecast, Chrysler tweaked its operating profit from $3.8 billion to between $3.3 and $3.8 billion. This has gone largely unexplained by Chrysler, perhaps hoping the news of a three-percent increase in its transaction prices for Q2 will allow it to sweep this adjustment under the rug.
The star of the show for Chrysler has been its US sales, which saw a 10-percent jump, both bettering the industry average of eight percent and improving over the same stretch of 2012. As with the increase in transaction prices, Chrysler has the new Ram pickup and Jeep Grand Cherokee to thank. Perhaps most worrying from this report, though, is that every brand in the automaker's stable saw an increase in sales... except for the Chrysler brand itself.

Jeep Grand Cherokee SRT gets power increase, minor tweaks for 2015

As a brand within Fiat Chrysler Automobiles, SRT may have an uncertain future, but it's pumping out some seriously mean machines anyway. The supercharged Hellcat V8 may be gobbling up most of the headlines with its 707 horsepower, but even the Grand Cherokee SRT is getting some small updates for the 2015 model year.
Most importantly for many enthusiasts, the Grand Cherokee SRT is getting a slight power bump. Don't expect the 700+ hp from the Hellcat, but this SUV sees a modest 5-hp and 5-pound-feet of torque improvement to bring output to 475 hp and 470 lb-ft for its 6.4-liter V8 with an eight-speed automatic. The minor change doesn't change the sprint to 60 miles per hour, clocking in at the same 4.8 seconds, or the tow rating at 7,200 pounds. Still, more grunt is never a bad idea.
Another new addition is the Active Noise Canceling system as a standard feature for this powerful SUV. It adds four microphones around the vehicle and uses the stereo system to nullify extraneous sound. However, Jeep claims that the meaty exhaust note from the V8 still gets through into the cabin for driver enjoyment.

2015 Jeep Cherokee finds a bit more fuel mileage thanks to stop/start and aero tweaks

Just a year after it burst onto the scene, Jeep has already made a pretty substantial addition to its V6-powered Cherokee, which has proven to be an extremely popular seller so far for the brand, adding a new stop-start system for the midsize, off-road-ready CUV.
The addition of stop-start included a few aerodynamic tweaks to the Cherokee's polarizing body, resulting in a wallet-pleasing increase in fuel economy. According to the EPA, the front-drive, V6-powered Jeep will now return 21 miles per gallon in the city and 29 mpg on the highway, up from 19 city and 28 highway. Four-wheel-drive, V6-powered Cherokees, meanwhile, will now return 20 mpg in the city and 28 mpg on the highway, up from 19 mpg in the city and 27 mpg.
With 271 horsepower, 239 pound-feet of torque and these newly enhanced figures, it's refreshing to see a larger, naturally aspirated engine that is still able to take the fight to today's crop of small-displacement, turbocharged four-cylinders.