CHRYSLERS COMING NEXT DOOR TO A GARAGE NEAR YOU SOON

POSH INSIDE OF A CHRYSLER WITH ITS LEATHER

ANOTHER SECTION OF A CHRYSLER'S DASHBOARD

A CHRYSLERS DASHBOARD

CHRYSLERS IN A GARAGE

Good News, Bad News as Fiat Chrysler, Ford Report 2016 Earnings

by Paul A. Eisenstein

There was a mix of good news and bad coming from Detroit Thursday morning as two of the three Motor City automakers closed their books on 2016.
On the upside, earnings jumped to 1.81 billion euros, or $1.92 billion, for Fiat Chrysler Automobiles, which is officially registered in Amsterdam but operates one of its primary headquarters in the Detroit suburb of Auburn Hills. On the downside, Ford reported a net income of $4.6 billion, a 38 percent year-over-year decline.

President Trump meets auto industry CEOs, talks bringing back jobs 0:35

But even Ford turned out to do slightly better than expected. The decline in net income largely resulted from accounting changes regarding pensions. The nation's second-largest automaker actually saw adjusted, pre-tax earnings hit $10.4 billion for 2016. That was $200 million higher than expected, and marked the maker's second-best number since 2000.
Ford had previously signaled the revisions to its pension and retirement plans would hit its pre-tax numbers to the tune of around $3 billion. Nonetheless, CEO Mark Fields called the carmaker's overall performance, "solid," declaring in a statement that, after factoring in the one-time hit, Ford built on the all-time record earnings reported in 2016.

America Loves Its Big Vehicles

Both automakers benefited from the ongoing surge in demand for higher-profit SUVs, crossovers and pickups, though they struggled on the passenger car side of the ledger. Ford in 2016 announced it would move all small car production to Mexico, a plan it says it is going ahead with despite threats of a border tariff by President Donald Trump.
FCA, meanwhile, closed two sedan plants in the Midwest, both now being converted to production of light truck models, such as the Ram 1500 pickup. Slow sales of sedans and other passenger cars resulted in a slight decline in overall North American sales and revenues for Fiat Chrysler, though it offset those declines because of the typically higher profit margins on truck models like the Ram 1500 and Jeep Grand Cherokee.
Related: The Ford Mustang Just Got a Pretty Nifty Update
Globally, FCA also benefited from improving sales in the long-struggling European market and saw global sales of its high-line Maserati brand rebound, in large part due to the introduction of the marque's first sport-utility vehicle, the Levante.
Both automakers also fared well in China, despite being latecomers to the world's largest automotive market. Ford has rapidly been adding both plants and new products, including the launch of its high-line Lincoln brand. FCA is just beginning to gain momentum with the launch of Chinese production of its Jeep brand.

What 2017 Holds

How Ford and FCA will fare in 2017 is far from certain, according to industry analysts. The U.S. automotive market is expected to slip a bit from the 17.4 million new vehicles sold in 2016 — the industry's third consecutive record.
The question is how much the numbers will decline. Forecasters have estimated a dip of about 200,000 to 400,000 units for the year. But the final numbers will likely be influenced by what the Trump administration does with the economy as well as its trade strategy. The new president has threatened to enact a major tariff, possibly as much as 35 percent, on Mexican-made autos and possibly those built in other parts of the world.
The CEOs of all three Detroit makers met with Trump on Tuesday, the discussion reportedly focusing not only on trade but also the desire by the auto industry for both regulatory relief and cuts in corporate taxes.
 

 

 

 

CHRYSLER HISTORY

• CHRYSLER HISTORY 1920's Walter P. Chrysler with original 1924 Chrysler Six
  1920-1924: Chrysler teamed up with three ex-Studebaker engineers, Fred Zeder, Owen Skelton and Carl Breer, to design a revolutionary new car. They defined what the products of the Chrysler brand would be - affordable "luxury" vehicles known for innovative, top-flight engineering.
  1924: The first was the 1924 Chrysler Six, an all-new car priced at $1,565 that featured two significant innovations - a light, powerful, high-compression six-cylinder engine and the first time four-wheel hydraulic brakes were standard on a passenger car. The well-equipped Chrysler Six also featured aluminum pistons, replaceable oil and air filters, full-pressure lubrication, tubular front axles, shock absorbers and indirect interior lighting.
  

SINN FEIN LEADER PICKED

THE RT HONORABLE MICHELLE O'NEILL IS NEW SINN FEIN LEADER

SINN FEIN PICKS  NEW LEADER

Irish political and cultural group,Sinn Fein has picked Michelle O”Neil as its new leader.

In a video sent to The News Office Desk of The Paedia Express Multimedia Group in Lagos,Nigeria on the 23^rd of January,2017,it was discovered that the mother of two had been given a  mandate at making sure that the peace process with the United Kingdom continues in the light of the expectations of the global community.

Michelle O'Neill (born 10 January 1977) is an Irish politician who is the Leader of Sinn Féin in Northern Ireland,^[1][2][3] and MLA for Mid Ulster since 2007.^[4]

She is also the Minister of Health in the Northern Ireland Executive and was previously the Minister for Agriculture and Rural Development.

Family

O'Neil comes from a republican family in Clonoe, County Tyrone. Her father, Brendan Doris, was an IRA prisoner and is a former Sinn Féin councillor.^[5] Her uncle, Paul Doris, is a former national president of NORAID.^[6] A cousin, Tony Doris, was one of three IRA members shot dead by the SAS in 1991.^[7] After Brendan died in 2006, Martin McGuinness - not yet deputy First Minister - gave tribute to the Doris family, "a well-known and respected republican family [who] have played a significant role in the republican struggle for many years".^[8]

O'Neill and her husband, Paddy O'Neill, have two adult children: daughter Saoirse and son Ryan.^[9][8]

Political career

This section needs expansion. You can help by adding to it. (January 2017)

O'Neill became involved in republican politics in her teens,^[5] assisting her father with constituency work in his role as a Dungannon councillor.^[6] She joined Sinn Féin after the Good Friday Agreement in 1998, at the age of 21,^[9][7] and started working as an advisor to Francie Molloy in the Assembly. She kept this role until 2005,^[8] when she was elected to represent the Torrent electoral area on Dungannon and South Tyrone Borough Council, taking the seat which had been vacated by her father. She held the council position until 2011, while also becoming MLA for Mid Ulster in 2007. In 2010, O'Neill became Mayor of Dungannon and South Tyrone.^[10][11] She was the first woman to hold the position of Mayor, as well as one of the youngest people.^[5]

O'Neill replaced Michelle Gildernew as Minister for Agriculture and Rural Development after the 2011 Assembly election.^[12] One of her key decisions in the role was to move the Department's headquarters from Belfast to a former Army barracks in Ballykelly, County Londonderry, overruling an internal report in the process.^[9] She became Minister for Health after the 2016 election, soon revealing an ambitious 10-year plan to make Northern Ireland's health and social care system fit for the 21st Century.^[13]

On 23 January 2017, O'Neill was named as Martin McGuinness's replacement as Sinn Féin's leader in the Northern Ireland Assembly.^[2]

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