2014 Jeep Cherokee Latitude on 2040-cars

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Stellantis reports $15B profit in first year of merger

FRANKFURT, Germany — Automaker Stellantis said Wednesday that it made 13.4 billion euros ($15.2 billion) in its first year after it was formed from the merger of Fiat Chrysler Automobiles and PSA Group. The earnings nearly tripled profits compared with its pre-merger existence as two separate companies, as the maker of Jeep, Opel and Peugeot vehicles exploited cost efficiencies from combining the businesses. The result compared to a combined 4.79 billion euros for the separate companies in 2020 before the merger, which took effect on Jan. 17, 2021. Revenue for the combined business rose 14%, to 152 billion euros. CEO Carlos Tavares said the results “prove that Stellantis is well positioned to deliver strong performance" and had overcome “intense headwinds” during the year. Automakers have struggled with shortages of key parts such as semiconductor electronic components and rising costs for raw materials as the global rebound from the worst of the coronavirus pandemic brings more demand. The company said the benefits of the merger were worth some 3.2 billion euros during the year. Mergers can lead to streamlined costs as companies combine functions and spread fixed costs over a larger revenue base. The company accelerated its rollout of battery-powered vehicles, with sales of low-emission vehicles reaching 388,000 — an increase of 160%. Stricter environmental regulations in Europe and China are pushing automakers to roll out more electric vehicles with longer range. Stellantis started production of a hydrogen fuel cell commercial van under its Opel brand in December. Stellantis' other brands include Chrysler, Citroen, DS, Fiat, Maserati, Ram and Vauxhall. Related video: Earnings/Financials Chrysler Dodge Ferrari Fiat Jeep RAM Citroen Opel Peugeot Vauxhall

Chrysler recalling 644k more Dodge Durango and Jeep Grand Cherokee SUVs over brakes

Early last month, we reported on Chrysler issuing a preemptive, proactive recall for about 25,000 units of the Jeep Grand Cherokee and Dodge Durango. The issue revolved around a brake system that wasn't causing any actual problems, but delivered an unsatisfactory brake feel, so Auburn Hills called in a good 25,000 of SUVs around the world, including 18,700 in the United States.
Now Chrysler, having apparently determined that the brake problem on its sport utes is actually much bigger than it initially realized, has drastically broadened the scope of the recall. As a result, the National Highway Traffic Safety Administration has issued a recall for precisely 655,354 examples of the Grand Cherokee and Durango, covering the 2011 through 2014 model years. In addition, Chrysler is recalling 42,380 units in Canada, 21,376 in Mexico and 159,685 overseas.
The problem which Chrysler found revolves around the brake booster, whose center shell has been found to be subject to corrosion, allowing water to get into the brake system. That water in turn could freeze, preventing the brakes from working as well as expected.

2019 Jeep Renegade gets new turbo engine and new styling

We told you about the European-spec 2019 Jeep Renegade in June, but today we have the low-down on what the U.S. can expect from the refreshed crossover. New for 2019 is a 1.3-liter turbocharged four-cylinder engine that makes 177 horsepower and 200 pound-feet of torque. That means the 1.3-liter boosted four is actually more powerful than the outgoing 160 horsepower 1.4-liter. This engine will be standard on Limited and Trailhawk models but optional on the Sport and Latitude — those cheaper trims will get the carryover 2.4-liter naturally aspirated four-cylinder engine standard. If you option the 1.3-liter, it'll come with stop-start tech as well. Regardless of engine choice, you'll be getting a nine-speed automatic transmission because the existing six-speed manual is MIA for 2019. As a refresher from what we learned before, the Italian-built Jeep crossover gets new front and rear fascias plus new wheel designs to differentiate it from 2018. You can even get 19-inch wheels on Latitude and Limited trims. An available full LED lighting package brings LED headlights, daytime running lights, fog lamps and taillights. Driver assistance features including adaptive cruise control, parallel/perpendicular park assist and front parking sensors are optional as well. There aren't any pictures of the new colors yet, but you can get Slate blue, Sting grey and Bikini paint on your Renegade ... interesting name choice on the last one. Of course, the Renegade will be offered in both front-wheel and four-wheel drive, with the Trailhawk being the most capable of the bunch off-road. Jeep hasn't released official fuel-economy numbers for the 1.3-liter turbo, but it says the smaller engine and active grille shutters should yield an improvement over 2018. Pricing and availability remain a mystery, but we don't imagine it'll be much longer until that information is available. Featured video: