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Stellantis expects strike to cost it $795 million in third-quarter profits

MILAN — Automaker Stellantis said Tuesday that the autoworkers strike in North America is expected to cost the company around 750 million euros ($795 million) in profits — less than its North American competitors. The Europe-based maker of Jeep, Fiat and Peugeot reported a 7% boost in net revenues to 45.1 billion euros, with production halts caused by the strikes costing the company 3 billion euros in sales through October. The net revenue boost was due to higher volumes in all markets except Asia. Chief Financial Officer Natalie Knight told journalists that StellantisÂ’ strike impact was lower than the other Big Three automakers due to its global profile as well as some high-profile cost-cutting measures, calculating the hit at around 750 million euros ($795 million.) GM, the last carmaker to reach a deal to end the strike, reported an $800 million strike hit. Ford has put its impact at $1.3 billion. “We continue to be in a very strong position globally and in the U.S. This is an important market for us, and weÂ’re highly profitable and we are very committed to our future," Knight said. “But mitigation is core to how we act, and how we proceed.” Stellantis has canceled appearances at the CES technology show in Las Vegas next year as well as the LA Auto Show, due to the strike impact. Stellantis on Saturday reached a tentative agreement with the United Auto Workers Union to end a six-week strike by more than 14,000 workers at its assembly plants in Michigan and Ohio, and at parts warehouses across the nation. Stellantis does not report full earnings for the third quarter, instead providing shipments and revenues. It said that global sales of electric vehicles rose by 37% over a year earlier, powered by the Jeep Avenger and commercial vehicle sales. North America continued to be the revenue leader, contributing 21.5 billion euros, an increase of 2% over last year, and representing nearly half of global revenues. Europe, the next biggest performing region, saw revenues grow 5% to 14 billion euros, as sales rose 11%. Related video: Earnings/Financials UAW/Unions Alfa Romeo Chrysler Dodge Fiat Jeep Maserati RAM

Radical 2016 Jeep Wrangler suggested by job listings?

With most inside the industry expecting the next-generation Jeep Wrangler to arrive for the 2016 model year, it makes sense that the automaker would be looking for some choice candidates to to fill program openings as the off-roader goes through its development. A recent ad on Chryslercareers.com suggests to some that the lightweight Wrangler Stitch Concept, revealed just two months ago and shown above, provides some clues about the off-road icon's next iteration.
According to Automotive News, the job descriptions - which don't name the model specifically - hint that the next-generation Wrangler will benefit from a serious diet. The ads appear to seek those familiar with advanced high-strength steels, hinting that lightweight aluminum body panels may appear on the 4x4. In addition, there are suggestions that Jeep may fit the Wrangler replacement with air suspension, as seen on the Ram and Grand Cherokee, to retain ample off-road clearance yet lower that chassis to improve aerodynamics at highway speeds. The job postings reportedly also lend credence to the idea of a diesel Wrangler.
It seems every bit of the next-generation Wrangler is up for review, as it will be the first time this iconic model is redesigned under Fiat ownership. Questions remain whether or not the Jeep will retain its clip-down hood, easy-to-remove door pins and folding front windshield - loyalists expect them, but fuel economy and safety standards may crimp their cases for survival.

Jeep Wrangler likely to get aluminum body, will stay in Toledo

Perhaps more than any other vehicle currently for sale in the United States, the Jeep Wrangler is viewed by purist fans as a vehicle that simply must maintain the status quo. In this case, that means a body-on-frame design, solid axles, a relatively large engine sitting up front and a removable top. It's always been that way, and it always will be.
Maybe.
According to the most recent reports, the next-generation Jeep will continue to soldier forth with a full steel chassis underneath its stamped bodywork. The biggest change, reports Automotive News, will be that said panels will be hewn from aluminum instead of steel, a seismic shift of a transition not unlike what's happened with the new Ford F-150. Because it won't be a unibody, the SUV will likely continue to be assembled in Toledo, OH as it (almost) always has been - the latter has been a source of heartburn in recent weeks for the Northwestern city in the Buckeye State.