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Stellantis earnings rise along with EV sales

AMSTERDAM — Automaker Stellantis on Wednesday reported its earnings grew in 2022 from a year earlier and said its push into electric vehicles led to a jump in sales even as it faces growing competition from an industrywide shift to more climate-friendly offerings. Stellantis, formed in 2021 from the merger of Fiat Chrysler and FranceÂ’s PSA Peugeot, said net revenue of 179.6 billion euros ($191 billion) was up 18% from 2021, citing strong pricing and its mix of vehicles. It reported net profit of 16.8 billion euros, up 26% from 2021. Stellantis plans to convert all of its European sales and half of its U.S. sales to battery-electric vehicles by 2030. It said the strategy led to a 41% increase in battery EV sales in 2022, to 288,000 vehicles, compared with the year earlier. The company has “demonstrated the effectiveness of our electrification strategy in Europe,” CEO Carlos Tavares said in a statement. “We now have the technology, the products, the raw materials and the full battery ecosystem to lead that same transformative journey in North America, starting with our first fully electric Ram vehicles from 2023 and Jeep from 2024.” The automaker is competing in an increasingly crowded field for a share of the electric vehicle market. Companies are scrambling to roll out environmentally friendly models as they look to hit goals of cutting climate-changing emissions, driven by government pressure. The transformation has gotten a boost from a U.S. law that is rolling out big subsidies for clean technology like EVs but has European governments calling out the harm that they say the funding poses to homegrown industry across the Atlantic. Stellantis' Jeep brand will start selling two fully electric SUVs in North America and another one in Europe over the next two years. It says its Ram brand will roll out an electric pickup truck this year, joining a rush of EV competitors looking to claim a piece of the full-size truck market. The company plans to bring 25 battery-electric models to the U.S. by 2030. As part of that push, it has said it would build two EV battery factories in North America. A $2.5 billion joint venture with Samsung will bring one of those facilities to Indiana, which is expected to employ up to 1,400 workers. The other factory will be in Windsor, Ontario, a collaboration with South KoreaÂ’s LG Energy Solution that aims to create about 2,500 jobs. The EV push comes amid a slowdown in U.S.

500+ hp Stellantis 'Hurricane' I6 previews a world without Hemis

After years of rumored development, Stellantis has revealed its new six-cylinder engine family. The 3.0-liter, twin-turbocharged "Hurricane" I6 will offer V8 power, forced induction torque and six-cylinder efficiency in a package designed to fit into any of the company's North American rear-wheel-drive platforms.  What is "V8 power," exactly? Well, in standard output guise, the new I6 cranks out more than 400 horsepower (the specific figure will vary by application) and 450 pound-feet of torque, while the high-output variant is good for more than 500 horses and 475 lb-ft. The final figures will be dependent on the application. We'll save you a little legwork: In current Ram, Jeep and Dodge products, the 5.7-liter Hemi tops out at about 395 hp and 410 lb-ft, give or take, and the 6.4-liter around 485 hp and 475 lb-ft.    This is a clean-sheet design that is only related to the company's turbocharged four-cylinder by some common measurements. The I6 is exclusively direct-injection (no hybrid/port-injection here) and the two I6 variants share 96 common parts, including the block and oil pan design. The differences are found in their internals, intake plumbing, valvetrain components and the turbochargers themselves. Stellantis is not yet ready to share specs or supplier info for the turbos but says announcements will come from its partners soon.  The standard-output I6 has a compression ratio of 10.4:1 and revs to 5,800 rpm. It will run on regular fuel, albeit with reduced performance; 91 octane is recommended for maximum output. The high-output variant has a compression ratio of 9.4:1 and will rev to 6,100 rpm. That one will require premium. The new I6's advantages go beyond basic power output. Every Hemi family engine currently in production is based on an iron block design, so they're heavy. The aluminum-block I6 shaves weight off the total engine package, even if some of that gets added back thanks to the turbos and their associated plumbing. The standard-output I6 weighs 430 pounds, Stellantis engineers told us; the high-output adds just another 11. Fully dressed 5.7-liter V8s are in the 550-560-pound ballpark, and 6.4-liters close in on 600 pounds.  You may be wondering, "Why a clean-sheet gasoline engine now, when the industry is moving toward battery-electrics?" A valid inquiry, and one Stellantis was prepared to address. While the company will be pivoting to electrification over the next decade, it won't be instantaneous.

2020 Dodge Charger R/T and Scat Pack get Daytona Edition Packages

Dodge announced the Charger SRT Hellcat Widebody Daytona 50th Anniversary Edition late last year, limited to 501 examples, one of which has already gone to that big NASCAR infield in the sky. For the rest of the Daytona fandom, Mopar Insiders says Dodge has just opened the order books for the Daytona Edition Package available on the standard Charger R/T and Scat Pack. When optioned with the package, both trims get a Mopar cold air intake under the hood, a black spoiler, and a satin black Daytona graphic across the rear decklid and fenders. Both sedans also upgrade their side mirrors to automatically adjust downward when the transmission is put in reverse, plus an automatically-dimming driver's side mirror. Inside, they share power driver's and passenger's seats in Nappa leather and Alcantara with the Daytona logo, heated seats front and rear, a premium-stitched dash panel with gloss black instrument cluster rings, and a power tilt and telescoping steering wheel. Additional upper and lower LED lighting in the front of the cabin, plus illuminated rear cupholders, memory functions for the driver's seat, radio, and outside mirrors, and black-edge premium floor mats complete the interior changes.  The Charger R/T sits on 20 x 9-inch Lights Out painted wheels, and installs a heated steering wheel and security alarm. The Charger Scat Pack sits on 20 x 9.5-inch forged and painted aluminum wheels, and affixes more satin black decals on the roof and the hood on top of a Daytona badge on the grille. The mirrors are luxxed up further than on the R/T, being powered and heated as well as fold-away, and including a blind-spot warning. Inside the Scat Pack, a Daytona badge on the instrument panel mixes with Carbonite accents throughout the interior.  The Daytona Edition Package can be ordered in any of the 12-strong color palette, including Frostbite (pictured), Hellraisin, and Sinamon Stick that are new for 2020. The kit adds $3,495 to the prices of both cars, so before any other options, the 2020 Charger R/T Daytona comes to $41,385 after destination, the 2020 Charger Scat Pack Daytona comes to $44,985. Related Video: