Sergio Marchionne's last hurrah as CEO of Fiat Chrysler entails betting the carmaker's future on Jeeps and Maserati luxury cars while downsizing its namesake brands, people familiar with the matter told Bloomberg. The company is considering ending sales of Fiat cars in North America and China in the coming years, while mostly confining Chrysler to the United States.
A new 2.0-liter turbo-four engine, more gears in the transmission, close attention to aerodynamics and greater use of lightweight materials helped give the redesigned 2018 Jeep Wrangler JL a nice bump in fuel economy.
Sales at FCA US climbed 4.5 percent in April to 184,149 on the strength of a 20 percent gain at Jeep. The company's fleet mix was 22 percent for the month, up from 17 percent a year ago, while retail sales fell 1 percent.