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Fiat Chrysler dumped 40,000 unordered vehicles on dealers

In a move that echoes recent history, Fiat Chrysler has been making more cars and trucks than dealers in the U.S. are willing to accept, with Bloomberg reporting that at one point the automaker had built up a glut of around 40,000 unordered vehicles. That’s led some dealers to accuse FCA of reviving the dreaded “sales bank” accounting practice of obscuring inventory to improve the balance sheet. The company reportedly began building up its inventory of unordered cars this summer despite an industrywide slowdown in sales and an eagerness by some dealers to thin their inventories because rising interest rates are making it more expensive to hold unsold cars. The inventory build-up also coincided with Fiat ChryslerÂ’s efforts to find a merger partner, first with Renault, which fell through, then last monthÂ’s announcement that it will merge with FranceÂ’s PSA Group. FCA denies any such scheme and tells Bloomberg the rising inventory is down to a new predictive analytics system designed to better square supply with demand from dealers that is helping the company save money and narrow the numbers of unsold vehicles. The company recently agreed to pay a $40 million civil penalty to the U.S. Securities and Exchange Commission to settle a complaint that it paid dealers to report fake sales figures over a span of five years. While no one is suggesting that FCA is in dire financial straits — the company saw higher than expected earnings in the third quarter and record profits in North America — the practice has strong historical precedent by Chrysler, which built up bloated inventories in the run-up to its two federal bailouts, in 1980 and 2009. It was also common at GM and Ford during the 2000s, when all three Detroit automakers struggled with excess manufacturing capacity and plummeting sales in the lead-up to the Great Recession. Back in 2012, CFO Magazine wrote about a report that explained automakersÂ’ rationale for the practice and how it works: Say fixed costs for a given factory are $100, and that the factory can make 50 cars. Consumers, however, demand only 10. Under absorption costing, if the company makes all 50 cars, its cost-per-car is $2. If it makes only up to demand, or 10 cars, the cost-per-car is $10. Although each car adds variable costs for steel and other parts, if those costs are low, the company still has an incentive to make more cars to keep the cost-per-car down.

Mopar teases a big Hemi crate engine for SEMA

Mopar has released a new video teaser hinting at the release of a large and powerful crate Hemi engine at SEMA later this month in Las Vegas. The video functions like a lesson on symbolism in an English lit class. It opens with smoke and settles on a pair of backlit, large-clawed paw prints that look to be feline in origin. Then we hear earth-shaking pounding sounds of something larger than the paw prints that stomps over them. Then cue an overhead shot of what looks to be a vintage-model Dodge Charger and its growly Hemi engine entering the frame and then gunning the engine. Mopar already offers three crate Hemi V8 engines, topped by the 6.2-liter supercharged Hellcat, good for 707 horsepower and 650 pound-feet of torque, found in the Dodge Charger SRT Hellcat and marketed for pre-1976 classic muscle cars. So promising that "Something big is coming" is really saying something. Could it be a crate version of the 808-hp Hemi 6.2 that was found in the Dodge Demon, which was rated at 840 hp on racing fuel? Or is it something different? Curiously, Mopar says its reveal is planned for Tuesday, Oct. 30 at the odd time of 4:26 p.m. Could that time be a reference to the 426 Hemi — and specifically the Generation III 426 Hemi "Elephant" that Chrysler made several years ago? That technically qualifies as "bigger," and it would also align with both the muscle car-era Charger and round, earth-shaking footprints shown in the video. Time will prove whether we were right. Related Video: Image Credit: Mopar SEMA Show Chrysler Dodge Performance Classics dodge demon dodge charger srt hellcat

2022 Chrysler Pacifica gets price hike, starts at $38,160

Mopar Insiders says its Chrysler dealer contacts gave the outlet a glimpse at what's coming for the 2022 model year. The most important change to the Pacifica range — we're not including the Voyager and Pacifica Hybrid in this — is the addition of a front-wheel-drive model to the penultimate Limited and top Pinnacle trims. Both are available only with all-wheel drive at the moment, so the change will lower their MSRPs when next year's models arrive on lots. There are a few price increases, however, so the savings won't be as large as one might wish. Pricing for the range based on info from MI's dealer sources, including the $1,495 destination charge, and the increase compared to 2021, is: Pacifica Touring: $38,160 ($845) Pacifica Touring L: $41,785 ($1,170) Pacifica Touring L AWD: $44,780 ($1,170) Pacifica Limited FWD: $49,815 (new for 2022, $495 less expensive than the 2021 Limited AWD) Pacifica Limited AWD: $52,410 ($2,100) Pacifica Pinnacle FWD: $54,270 (new for 2022, $1,320 less expensive than the 2021 Pinnacle AWD) Pacifica Pinnacle AWD: $56,865 ($1,275) Across the range, all the minivans get a rear seat reminder safety alert and the Stellantis Clean Air Filtration System that acts like the minivan's wearing an N95 mask, capturing 95% of particulates in the air including bacteria, allergens, and pollen. Looks like Chrysler's going to start charging for certain exterior colors on a reduced palette. There are ten colors now, all of which are free. Next year there will be seven, and only Bright White, Brilliant Black, and Ceramic Grey will be no charge. Granite Crystal and the new Silver Mist, which replaces Billet Silver, will cost $95. And Fathom Blue and Velvet Red will cost $395.  The entry-level Touring pulls the opposite trick from the Limited and Pinnacle, losing its AWD option. Driving the rear axle cost an extra $2,995 on this trim, perhaps why Chrysler said only 2% of Touring buyers chose the option this year. Next year's Touring gets the Cold Weather Group, with features like heated front seats and a heated steering wheel, as standard equipment. That option cost $495 this year and its inclusion might be responsible for the trim's price increase.  The Touring L gets the makes this year's optional $995 Safety Sphere Group standard equipment for next year. That installs features like ParkSense for front, parallel, and perpendicular parking, and a 360-degree surround view camera.