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Chrysler reports $166M net income for Q1, down $307M vs. 2012

Preliminary first-quarter results from 2013 have been announced by Chrysler, and the company is reporting a net income of $166 million on revenue of $15.4 billion. Compared to this period last year, net income is down $307 million and revenue has dropped $1 billion.
Chrysler says that its quarter was negatively affected by the costs associated with launching its 2013 Ram Heavy Duty, 2014 Jeep Grand Cherokee and preparation for the return of the all-new 2014 Jeep Cherokee pictured above. The launches should provide a strong second half of 2013, says the automaker. "We remain on track to achieve our business targets, even as the first-quarter results were affected by an aggressive product launch schedule," said Chrysler Group LLC Chairman and CEO Sergio Marchionne.
On a positive note, the automaker says worldwide vehicle sales are up 8 percent from one year ago, a number pushed by a 12 percent bump in U.S. retail sales. In addition, domestic market share has risen slightly, up to 11.4 percent from 11.2 percent last year. Read more in the official statement below.

2014 Jeep Patriot and Compass ditch CVT for six-speed auto

It was reported in Automotive News a few months ago, but a new report on Allpar.com adds some details to news that the 2014 Jeep Compass and Patriot will get a six-speed automatic to replace the CVTs they currently use. According to a tip provided to Allpar, the 2014 models will begin production in March and be on sale sometime in the summer. The Jatco-sourced CVT in use until now - Jatco is owned by Nissan and Mitsubishi - has been often criticized, and many won't be sad to see it go.
The incoming six-speed automatic is said to be an all-wheel-drive cog-swapper that's the work of Hyundai and Magna and has been paired with the DynaMax AWD system used in the Hyundai ix35 and Kia Sportage. It won't be the only Chrysler product using a transmission with ties to Hyundai: the six-speed automatic in the Dodge Dart comes from Powertech, which is a wholly-owned subsidiary of Hyundai. With the Patriot and Compass said to be driving down the trail for the last time this year, it will be a short run for the new tranny and the rumored addition of a backup camera and power rear liftgate on the Compass.

Jeep Wrangler Mojo and Cherokee Dakar teased ahead of Moab Easter Safari

Jeep has an annual tradition of debuting wild, new concepts during its Easter Jeep Safari, and this year looks to be no different. The automaker has already confirmed two of the six vehicles for 2014 - the Cherokee Dakar (pictured above) and Wrangler Mojo. This year's event runs in Moab, Utah, from April 12-20.
There are no official details about either of the concepts yet - Jeep will release more info on the new models next week. Judging by the pictures, though, the Cherokee Dakar appears to be lifted with some knobby off-road tires. The Wrangler Mojo looks to have a bulging hood that might hide a more powerful engine underneath.
Past vehicles at the Easter Jeep Safari have included a Hemi V8-powered Wrangler, a classically inspired pickup and modernized Jeep Forward Control. Since this is the brand's chance to express itself every year, hopefully it has some more sensational concepts up its sleeve. Scroll down to read the little information that has been revealed about this year's models so far.