1971 Dodge Challenger on 2040-cars

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Macron and Le Pen decry 'shocking' Stellantis CEO pay

PARIS — French President Emmanuel Macron and his far-right challenger in the French presidential vote, Marine Le Pen, on Friday both decried as “shocking” the multimillion euro payout to the CEO of carmaker Stellantis. Stellantis CEO Carlos TavaresÂ’ remuneration package of 19.15 million euros just a year after the company was formed became an issue as Macron and Le Pen campaigned ahead of the April 24 runoff vote. Polls show purchasing power and inflation are a top voter concern. Stellantis was formed last year through the merger of PSA Peugeot and Fiat Chrysler Automobiles. Centrist President Emmanuel Macron, perceived by many voters as being too pro-business, called the pay package “astronomical” and pushed for a Europe-wide effort to set ceilings on “abusive” executive pay. “ItÂ’s shocking, itÂ’s excessive,” he said Friday on broadcaster France-Info. “People canÂ’t have problems with purchasing power, difficulties, the anguish theyÂ’re living with, and see these sums. Otherwise, society will explode.” Far-right leader Marine Le Pen, who enjoys support from many working-class voters, called for bringing in more workers as shareholders. “Of course itÂ’s shocking, and itÂ’s even more shocking when it is the CEOs who have pushed their society into difficulty,” she said Friday on BFM television. “One of the ways to diminish this pay, which is often out of proportion with economic life, is perhaps to allow workers in as shareholders.” Stellantis continued to back the package despite a 52.1% to 47.9% vote rejecting it at an annual shareholders' meeting chaired from the Netherlands, where the company is legally based, on Wednesday. The company, citing Dutch civil code, noted that the vote is advisory and not binding. The company later said in a statement that it took note of the vote, and will explain in an upcoming 2022 remuneration report “how this vote has been taken into account.” In the 2021 report, the company identified peer group companies that it used as a salary benchmark, including U.S. companies like Boeing, Exxon Mobile, General Electric as well as carmakers Ford and General Motors. Stellantis, whose brands include Peugeot, Fiat, Jeep, Opel and Maserati, reported net profits last year had tripled to 13.4 billion euros ($15.2 billion). The French government is the third-largest shareholder in Stellantis, with a 6.15% stake through the Bpifrance Participations S.A. French public investment bank.

2020 Dodge Durango SRT Drivers' Notes | When excess is a good thing

Performance SUVs and crossovers from non-luxury brands are still in a nascent stage of development. Models like the Porsche Cayenne Turbo, BMW X5 M and others are on subsequent generations of their high-performance high-riding machines. Meanwhile, the 2019 Dodge Durango SRT is still refreshingly new. It’s also about as American as it gets. Dodge shoehorned in the 6.4-liter V8 and gave it an exhaust system that screams ‘Murica at anyone who strays too close. It makes a glorious 475 horsepower and 470 pound-feet of torque, completing the sprint to 60 mph in 4.4 seconds. An eight-speed automatic transmission sends power to all four wheels, which means you have traction — something the Challengers and Chargers with this engine could use a bit more of. Despite the Dodge being far cheaper than other big, high performance luxury SUVs out there, it still isnÂ’t cheap. The SRT has a base price of $64,490. Ours stickers for a much higher $78,235. Unsurprisingly, Dodge makes you pay the big bucks for most of the luxury features and customization options. A $2,395 Technology Group adds adaptive cruise control, lane departure warning and forward collision avoidance systems. Fancy interior materials like a suede headliner, nicer materials on the instrument panel and carbon fiber inserts can be had in a $2,495 package. The stripes are $1,295, and the 20-inch wheels cost $995. To get the second row console with an armrest and storage, youÂ’ll have to pay an extra $595. A $78,235 Durango might sound like a completely egregious amount of money, but itÂ’s still far below what youÂ’ll pay for a BMW X7 or Mercedes-Benz GLS that goes just as fast. ItÂ’s no muscle SUV for the people, but it is a muscle SUV for more people than could afford one previously. Assistant Editor Zac Palmer: An American SUV with a giant V8 feels like a superior descendant of muscle cars than most other “muscle cars” on sale today. Both the Mustang and Camaro slant toward the sports car side of things, leaving FCA to carry on the muscle car tradition. And man, Dodge carries it on well. FCA could slot its 6.4-liter V8 into nearly anything and IÂ’d love it, so it was no surprise that I enjoyed it thrashing it about in this behemoth of an SUV. Traction off the line was one major benefit in the Durango over the Charger and Challenger. Matt the throttle and it just leaps forward, similar to the Jeep Grand Cherokee SRT.

I sold my Viper, but the memories I'll keep

The following is written by auto industry veteran Tow Kowaleski. The words are his own, but the memories now belong to everyone thanks to his willingness to share. If you're an industry veteran with a story to share, contact us at tipsATautoblogDOTcom.
It became the flame that started the fire of belief in the next life of Chrysler.
I just sold a car. Nothing new. Millions do it every day. But my car was a 1995 Dodge Viper, so maybe it was a bit more unique since just 12,000 were built. And like others selling a car that's been a part of the family for close to 20 years, this was a confluence of emotions for me. I was sad to see it go, but happy to have the cash and one less big, shiny, under-utilized object in my life.