2005 Jeep Liberty Limited on 2040-cars

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Stellantis lays off salaried workers, cites uncertainty in EV transition

DETROIT — Jeep maker Stellantis is laying off about 400 white-collar workers in the U.S. as it deals with the transition from combustion engines to electric vehicles. The company formed in the 2021 merger between PSA Peugeot and Fiat Chrysler said the workers are mainly in engineering, technology and software at the headquarters and technical center in Auburn Hills, Michigan, north of Detroit. Affected workers were notified starting Friday morning. “As the auto industry continues to face unprecedented uncertainties and heightened competitive pressures around the world, Stellantis continues to make the appropriate structural decisions across the enterprise to improve efficiency and optimize our cost structure,” the company said in a prepared statement Friday. The cuts, effective March 31, amount to about 2% of Stellantis' U.S. workforce in engineering, technology and software, the statement said. Workers will get a separation package and transition help, the company said. “While we understand this is difficult news, these actions will better align resources while preserving the critical skills needed to protect our competitive advantage as we remain laser focused on implementing our EV product offensive,” the statement said. CEO Carlos Tavares repeatedly has said that electric vehicles cost 40% more to make than those that run on gasoline, and that the company will have to cut costs to make EVs affordable for the middle class. He has said the company is continually looking for ways to be more efficient. U.S. electric vehicle sales grew 47% last year to a record 1.19 million as EV market share rose from 5.8% in 2022 to 7.6%. But sales growth slowed toward the end of the year. In December, they rose 34%. Stellantis plans to launch 18 new electric vehicles this year, eight of those in North America, increasing its global EV offerings by 60%. But Tavares told reporters during earnings calls last month that “the job is not done” until prices on electric vehicles come down to the level of combustion engines — something that Chinese manufacturers are already able to achieve through lower labor costs. “The Chinese offensive is possibly the biggest risk that companies like Tesla and ourselves are facing right now,Â’Â’ Tavares told reporters. “We have to work very, very hard to make sure that we bring out consumers better offerings than the Chinese.

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

Jeep Wrangler Scrambler pickup truck spy shots reveal top and lighting details

Several spy shots have come out that give us further insight into the new Jeep Wrangler Scrambler pickup truck. Among them are some photos of a prototype being driven near FCA test facilities. They show that the Wrangler will have LED headlights available similar to those on the SUV model, as well as the new Renegade revealed for Europe. They also show the taillights of the pickup, though they appear to be units from a previous-generation JK Wrangler. They're probably placeholders for the new model's lights. View 22 Photos These photos also include images of the truck's interior. The dashboard is a mash-up of old pieces, including a JK Wrangler dash, and a Chrysler-badged steering wheel. But the important part of these photos is that they show parts of a normal Wrangler SUV roll cage, and latches holding down roof panels. These are evidence that the production model will have a removable roof. Further evidence comes from photos taken by someone from the Jeep aftermarket part company Artec Industries was checking out the factory in Toledo, Ohio. The images were brought to our attention by Jeep Scrambler Forum, and they show an unfinished Wrangler pickup body sitting in the doorway to the painting facility. The photo is below, and it confirms a number of details. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. This body has the same style of roll cage as those found on the SUV versions of the Wrangler. Specifically, it looks like a combination of the upright rear cage of the two-door, with the length of the Wrangler Unlimited's cage. In addition to confirming the removable top, the windshield also appears to fold down, too. Beyond the confirmation of the top and windshield features, the rest of the cab looks almost identical to any other 2019 Wrangler Unlimited. The fenders and hood are the same, down to the fender vents, as are the doors. The cab shows that there was clearly room for full-size doors, which would have been welcome from an access perspective, but that would naturally cost more than already developed parts, It also means that any aftermarket doors or door accessories created for the Unlimited will work with the Scrambler. We can also see that there's a small diagonal indent in the cab where part of the rear fender will fit. It also matches up with the line of the rear door.