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Fiat Chrysler's profit boosted by Ram and Jeep in North America

MILAN/DETROIT — Fiat Chrysler took the market by surprise by sticking to its full-year profit guidance on Wednesday after a strong performance from its Ram pickup truck in North America helped it defy an industry slowdown. Chief Executive Mike Manley, in FCA's first earnings release since a failed attempt to merge with France's Renault, also left the door open to that or other deals. "We are open to opportunity," Manley said on a call with analysts. "I have no doubt why there still would be interest in it," he added, when pressed on what it would take to revive talks with Renault. Manley declined to comment further. FCA last month abandoned its $35 billion merger offer for Renault, blaming French politics for scuttling what would have been a landmark deal to create the world's third-biggest automaker. Manley said a merger was not a must-have and Fiat Chrysler's business plan was strong. The company said it remained confident its adjusted earnings before interest and tax (EBIT) would top last year's 6.7 billion euros ($7.5 billion). Given disappointing forecasts from other automakers this earnings season, FCA's confirmation of the outlook sent Milan-listed shares in the Italian-American automaker, whose other brands include Jeep, up over 4%. A broad-based auto sales downturn has rattled the sector, forcing FCA's competitors — including Renault, Daimler and Aston Martin — to cut their sales forecasts after second-quarter results, while U.S. carmaker Ford gave a weaker-than-expected 2019 profit outlook. Japan's Nissan, a long-term partner of Renault, said it would cut 12,500 jobs by 2023 after its earnings collapsed. In the second quarter FCA's adjusted EBIT totaled 1.52 billion euros, versus analysts' expectations of 1.43 billion euros, according to a Reuters poll. FCA's U.S. shipments were down 12% in the second quarter but the group said that the successful performance of its Ram brand resulted in an enhanced share of the large pickup truck market of 27.9%, up 7 percentage points from last year. Adjusted EBIT margin in North America rose to 8.9% from 6.5% in the first quarter, thanks to strong demand for the heavy-duty Ram and the new Jeep Gladiator pickup. Chief Financial Officer Richard Palmer also said FCA expected to report up to 10% margins in the region in both the third and fourth quarters.

2021 Alfa Romeo Stelvio and Giulia get revamped trims and pricing

After a major interior and infotainment update last year, the 2021 Alfa Romeo Stelvio and Giulia get a more mild update consisting of a smaller trim lineup and a couple of extra features for some trims. The update also includes small price increases across the board. Four new colors are available, too, including Ocra GT Junior, Verde Montreal, Rosso GTA and Rosso Villa d'Este. The first two of those are shown in the galleries. Available trims have dropped from seven to four, with a couple of them simply becoming option packages for the remaining trims. The base trim is now called Sprint, a callback to Alfas of the past. Standard equipment for this trim is unchanged, including standard 10-way power adjustable leather seats, 8.8-inch touchscreen infotainment with Apple CarPlay and Android Auto, remote start, proximity key and automatic emergency braking. As such the price only increases by $50 to $40,745 for the Guilia and $42,745 for the Stelvio. All-wheel drive is a $2,000 option on all Giulias and the Stelvio Sprint. Higher trim Stelvios get all-wheel drive standard. 2021 Alfa Romeo Giulia Quadrifoglio View 14 Photos The Ti and Ti Sport get the most additional standard equipment over last year's versions. They now get dual-pane sunroofs, navigation and HD radio. The Ti Sport also picks up a standard limited-slip rear differential. The Giulia and Stelvio Ti increases in price by $1,300 to $43,995 and $48,395 respectively. The Giulia Ti Sport price goes up by $1,500 to $47,195 while the Stelvio Ti Sport sees a $2,000 increase to $51,595. The Quadrifoglio trim, with its twin-turbocharged V6 is unchanged for 2021. It does get a $250 price increase with the Giulia starting at $76,345 and the Stelvio at $82,345. Related Video:

332,000 Jeep, Fiat and Alfa Romeo models recalled over faulty seat belt buckle sensors

Stellantis has recalled 332,000 Alfa Romeo, Jeep, and Fiat vehicles in the United States due to faulty seat belt sensors. Included in the recall are certain 2017-2024 Alfa Romeo Giulia and 2018-2025 Stelvio models along with 2019-2023 Fiat 500X, Jeep Renegade, and 2024 Fiat 500E models. According to documents posted by the National Highway Traffic Safety Administration, "A disrupted connector on the buckle switch hall effect may affect the conduction on the connectors of the seat wiring and buckle which may cause the front seat air bag to not perform as expected during a crash." In more simple terms, the sensor that tells the vehicle's onboard computer if an occupant's seat belt is buckled may fail. If this happens, an airbag may not inflate in the event of a crash as intended. As of June 26, 2024, Stellantis says it has identified 578 field reports in North America potentially related to this issue. "The remedy will be to replace the connector by directly wiring the sensor to the harness with a solder tube," according to documentation provided by Stellantis. All repairs will be made free of charge.