2013 Chrysler 300c Base on 2040-cars

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Stellantis reports record margins, $7B profits despite chip shortage

MILAN — Automaker Stellantis on Tuesday said it achieved faster-than-expected progress on synergies and record margins in its first six months as a combined company, despite suffering 700,000 units in lower production due to interruptions in the semiconductor supply chain. The company — formed from French carmaker Peugeot PSAÂ’s takeover of the Italian-American company Fiat Chrysler — reported net profit of 5.9 billion euros ($7 billion) in the first half of 2021, compared with a loss 813 million euros during the same period a year earlier, which was impacted by the coronavirus restrictions around the globe. Shipments rose 44% to 3.2 million units, while revenues rose 46% to 75 billion euros. “We are very pleased with the speed with which the new team has begun to execute as one company, as Stellantis,Â’Â’ Chief Financial Officer Richard Palmer told reporters. Semiconductor shortages accounted for 200,000 units of production losses in the first quarter and 500,000 in the second quarter. Semiconductors are used more than ever before in new vehicles with electronic features such as Bluetooth connectivity and driver assist, navigation and hybrid electric systems. Stellantis achieved 1.3 billion euros in cost savings in the first half, mostly by sharing investments in new technologies and platforms, which Palmer said was a faster rate than initially forecast. It aims to achieve 80% of the targeted 5 billion in cost savings by 2024. “These synergies allow us to continue to invest in the electrification strategy, which we talk about every day,” Palmer said. Stellantis, which lags competitors in rolling out electric vehicles, plans to launch 21 fully electric or plug-in gas electric hybrid vehicles over the next two years. North American posted record profitability on global sales of Ram trucks and the strong launch of the Jeep Wrangler 4xe, which was the best-selling plug-in gas electric vehicle in the United States in the second quarter. Stellantis was the market leader in South America and second in Europe. The results were presented on a pro-forma basis, taking into account the performance of each of the carmakers as separate entities during 2020. Related video: 2021 Jeep Wrangler Rubicon 392 Inside and Out

Junkyard Gem: 2006 Chrysler 300C

During my wrecking-yard travels, I tend to focus on old, rare, and/or strangely badge-engineered vehicles when I decide what is worth documenting. Sometimes, though, a fairly mainstream vehicle from our current century catches my eye, and this 2006 Chrysler 300C in a Charlotte, North Carolina, junkyard is such a car. The current Chrysler Hemi engine family first appeared in 2003 Dodge trucks, and so the revival of the legendary Hemi name was still pretty new when the 300C went on sale. This car had 340 horsepower when new, which almost certainly meant more power at the wheels than the 426 Hemi cars of the late 1960s and early 1970s (the differences between gross and net horsepower ratings tend to result in inflated power numbers for cars of a half-century back). At considerably more than 2 tons, however, the 300C wasn't likely to humiliate a '70 Hemi 'Cuda in a drag race. This car appears to be in reasonably solid condition, so we can assume that something very expensive went wrong with the engine and/or transmission. That won't stop some eager junkyard shopper from grabbing the Hemi, though. The same junkyard had a 2001 Audi S8 when I stopped by, with 360 horsepower, but nobody will want that engine for their work truck. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. There's a lot of stuff in this ad that could be interpreted much differently in 2018, compared to 2006, starting with the Aung San Suu Kyi reference. Featured Gallery Junked 2006 Chrysler 300C Hemi View 15 Photos Auto News Chrysler Automotive History

UAW prepares for more strikes in the U.S. as Ford Canada talks extend

DETROIT — The United Auto Workers union said it would announce on Friday more U.S. plants to strike if no serious progress was made in talks with the Detroit 3 automakers, as a Canadian union held off on an immediate walkout at Ford's operations in Canada. The UAW last week launched a strike against Ford, General Motors and Chrysler parent Stellantis, targeting one U.S. assembly plant at each company. "We're not going to keep waiting around forever while they drag this out," UAW President Shawn Fain said in a video message late on Monday setting the new deadline after complaining about a lack of progress in recent talks. "We're not messing around." Ford's contract with Canadian union Unifor, which represents about 5,600 workers at three plants in Canada, expired at 11:59 p.m. EDT on Monday (0359 GMT on Tuesday). The union said early on Tuesday that negotiations had been extended for 24 hours after it received a "substantive offer" from Ford. "Unifor members should continue to maintain strike readiness," it added. Ford said in a statement it had agreed to continue negotiations beyond the contract deadline in hopes of reaching a tentative agreement. The company has two engine plants in Canada that build V8 engines for F-Series and Super Duty pickups assembled in the United States. It also has an assembly plant in Ontario. Any walkout by Canadian workers that would shut down those engine plants could cripple U.S. production of Ford's most profitable vehicles, even if the UAW decides not to order walkouts at truck plants in Kentucky; Dearborn, Michigan; and Kansas City, Missouri. "Ours is a small but highly consequential footprint for Ford operations in North America and this is our leverage, and we will use it," Unifor National President Lana Payne said in a video message earlier on Monday. Unifor has been seeking improved wages and pensions, as well as support in the transition to electric vehicles and additional investment commitments by Ford. Once the Ford deal is completed, Unifor will turn to getting agreements with GM and Stellantis, whose deadlines were extended during the talks with Ford. U.S. NEGOTIATIONS CONTINUE Talks between the UAW and the Detroit automakers continued on Monday as the U.S. strike dragged on for a fourth day with little sign of progress toward a deal. Some 12,700 workers are striking at the three U.S. plants. The union and companies are at loggerheads over pay and benefits for workers.