2024 Jeep Grand Cherokee Altitude 4x4 on 2040-cars

Auto blog

Stellantis sees vehicle loan durations extended amid banking turmoil

Stellantis is seeing clients seeking longer-term financing and leasing deals for their vehicles as a consequence of higher global interest rates, the carmaker's head for the business said. Chief Affiliates Officer Philippe de Rovira said loans which normally had a three-year maturity were now increasingly moved to four years. "This allows customers to get a car for a monthly instalment that is similar to that they had before," he said. The world's third largest carmaker by sales on Tuesday announced it had completed a plan announced in late 2021 to reshuffle and simplify its leasing and financing operations in Europe. Under its terms, Stellantis created a 50-50 single long term multi-brand leasing company named Leasys with Credit Agricole Consumer Finance. It also set up local joint ventures in European countries for its new Stellantis Financial Services unit, formerly Banque PSA Finance, with BNP Paribas Personal Finance and Santander Consumer Finance. "These banks have always had better funding conditions than those we can have as an automaker," de Rovira said. Benefits of the plan included cutting the number of financing and leasing entities the group runs in each country and the number of IT systems it uses, with expected savings exceeding 30% in this particular area, he added. De Rovira said the group had a huge portfolio of orders it had not yet delivered due to supply chain shortages impacting production. "Demand is not our main issue. The issue is to deliver as fast as we can cars that are in our order portfolio, which is still at record levels," he said. The group aims to expand its corporate leased vehicle fleet to more than one million units in 2026 and to double net income from its so-called banking activities to 5.8 billion euros ($6.3 billion) by 2030. De Rovira said Stellantis was not seeing a downward trend in vehicle pricing. "Probably the significant price increases we have seen in 2021 and 2022 will not be repeated because the context is changing, but for the moment we don't see decreases, we see stabilisation". ($1 = 0.9188 euros) (Reporting by Giulio Piovaccari and Gilles Guillaume; Editing by Jan Harvey) Earnings/Financials Plants/Manufacturing Alfa Romeo Chrysler Dodge Jeep RAM

Why the 2020 Jeep Gladiator isn't called a Scrambler

After years of development and constant digging by spy photographers and forum users alike, there wasn't a whole lot surprising about the 2020 Jeep Gladiator reveal. But one thing that was a bit unexpected was the name. While never officially announced, the Internet had accepted the name Scrambler for the Jeep pickup and it was referred to as such until just before the reveal. There are reasons for the Gladiator name choice. Jeep representatives explained that one of the reasons for the choice of Gladiator is because of the Jeep Gladiator concept truck from 2005. That concept led to many rumors of a Wrangler-related pickup truck, and you can see some design influence from it on the current truck. Of course the concept was just a two-door extended-cab pickup. Also, besides the concept heritage, the Gladiator name was shared with the longest-running Jeep pickup truck line, the Gladiator and J-Series. The Jeep folks also noted that they wanted to avoid the Scrambler name because they felt the old Scrambler wasn't enough of a full-on truck, and the company wanted to emphasize that the new Gladiator is a true truck designed to be a truck. The original '80s Scrambler was effectively a stretched CJ-7, and practically called CJ-8, with a longer cargo area. It was mainly a truck because it was available with a half-cab top. But it was also available for a full-length wagon top eventually. So the Scrambler was more related to the first Wrangler Unlimited, which was a stretched two-door Wrangler, than to the new Gladiator, which has a unique frame, unique rear suspension and a separate bed and cab. If we're being honest, we don't think the Scrambler name would have been a problem. It's clear that Jeep fans are very fond of the name, and it would fit the idea of a Wrangler truck. But we also certainly don't have a problem with the Gladiator name either. It's equally historic, and even if it wasn't, it sure sounds great, evoking toughness and capability. Perhaps if people are really bothered by the truck not being called Scrambler, Jeep can roll out a graphics package as a tribute to the old models. Related Video:

FCA Recalls Jeep in Wake of Wireless Hack | Autoblog Minute

Carjacking has gone wireless, as automakers and Congress scramble for a solution. Adam Morath reports on this edition of Autoblog Minute.