Van Wheelchair Handicap Dodge Grand Caravan 2004 Rear Entry With Ezy Lock on 2040-cars

Auto blog

Stellantis moves to set up its own lending unit

Stellantis is buying Houston-based auto lender First Investors Financial Services Group to set up its own finance arm in the U.S., a move that should support sales and eventually boost profit. The only major traditional automaker in the U.S. without its own finance company agreed to pay $285 million to a group of investors led by Gallatin Point Capital and Jacobs Asset Management, according to a statement. The transaction is expected to close by year-end. Stellantis was formed via the merger between Fiat Chrysler and PSA Group early this year. Carlos Tavares, the PSA boss who became the combined company’s chief executive officer, called the deal to acquire First Investors a milestone that will increase earnings and enhance customer loyalty. “Direct ownership of a finance company in the U.S. is a white-space opportunity which will allow Stellantis to provide our customers and dealers a complete range of financing options,” Tavares said Wednesday in the statement.  Having an in-house finance company has helped rivals General Motors Co. and Ford Motor Co. pad profits, especially during the global semiconductor shortage that has limited production and crimped sales. GM bought subprime lender AmeriCredit Corp. in 2010 and renamed it GM Financial. The operation generated a $2.76 billion profit in the first half -- roughly a third of the companyÂ’s adjusted earnings before interest and taxes. Trouble for Santander? The First Investors acquisition could spell trouble for Chrysler Capital, the operation that Santander Consumer USA Holdings Inc. and Chrysler set up in 2013 before the U.S. automaker completed its merger with Fiat. In a statement, Santander Consumer said itÂ’s committed to supporting Stellantis through the term of their existing agreement and its transition. Santander Consumer will also have “ongoing conversations with Stellantis about long-term mutually beneficial opportunities beyond 2023,” the company said, adding that its consumer business remains strong and has “delivered solid results for our shareholders.” This, along with support from its parent company, will allow the lender to “pursue additional opportunities as they arise.” The lenderÂ’s U.S.-listed stock fell 1.5% in New York trading Wednesday after Bloomberg reported Stellantis was preparing to announce a new finance partner. Stellantis shares rose as much as 1.3% in Paris trading Thursday.

2015 Dodge Challenger SRT Hellcat has 707 glorious horsepower [w/video]

Hold onto your butts. "600-plus horsepower" is what we were told to expect from the 2015 Dodge Challenger SRT with its 6.2-liter supercharged Hellcat V8 engine. But as we've just learned, those were incredibly conservative numbers. Dodge has officially announced that the range-topping Challenger will hit the asphalt with 707 - seven hundred and seven - horsepower, making it the "most powerful muscle car ever."
Of course, 707 hp is only part of the story, as the Hellcat has also been confirmed to produce 650 pound-feet of torque. All that power will run exclusively to the rear wheels through an eight-speed automatic transmission that differs from other Challengers. The new gearbox, 8HP90 (rather than the 8HP70) is "upgraded to handle the extra power and torque," says Dan Reid, SRT's manager of product design and motorsports.
We certainly hope you're prepared to spend a ton of money replacing tires.

Dodge Challenger Shaker cars get Shakedown package stripes

In 2016, Dodge brought a custom 1971 Dodge Challenger to the SEMA show called the Shakedown. It melded modern Challenger parts with the classic model's body, and did so almost seamlessly. It of course featured a shaker hood scoop, and it also had a set of stripes to one side that gradually decreased in size to give the feeling of vibration and movement. The reception was clearly good, because Dodge has created a set of stripes just like those on the show car for modern shaker Challengers and made them available in a package with the Shakedown name. The Shakedown package is new for 2018 and available only on Challengers with the shaker hood scoop. These include the R/T Shaker, R/T Plus Shaker, and 392 Scat Pack Shaker. Just like on the concept, the stripes are all to one side and wrap around the hood scoop. The only difference is that they're all one color, whereas the '71 custom car had one stripe in red. In addition to the stripes, the package adds white-face gauges and an upgraded Alpine audio system. On R/T and R/T Plus models, this system has six speakers with a 275-watt amplifier, while the system on the Scat Pack has nine speakers with a 506-watt amplifier. The cost of the Shakedown package is $995, and it's available with any color of Challenger Shaker. And on the topic of colors, Dodge has also revived Plum Crazy and B5 Blue for 2018 Chargers and Challengers. Those colors will be available on any Charger or Challenger regardless of trim level. Related Video: Dodge Coupe Performance