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Submit your questions for Autoblog Podcast #321 LIVE!

We're set to record Autoblog Podcast #321 tonight, and you can drop us your questions and comments regarding the rest of the week's news via our Q&A module below. Subscribe to the Autoblog Podcast in iTunes if you haven't already done so, and if you want to take it all in live, tune in to our UStream (audio only) channel at 10:00 PM Eastern tonight.
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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

2020 Ram 2500 Power Wagon caught completely undisguised

The next-generation Ram 2500 Power Wagon was spied without a hint of camouflage covering it on the road. New headlights and taillights are full LED units, and they look epic. The design is reminiscent of the 1500, but Ram definitely put a slightly different spin on them. It resembles the Ram Rebel to a certain degree, but with a dose of more hardcore truck-style to it. We're digging the look for now. Traditionally, the Power Wagon is a much more off-road ready Ram. We'd expect this one to have the same locking differentials front and rear, a front anti-roll bar disconnect and a lead for a winch cable, leaving it the only factory truck that offers a winch. The engine is most likely the same 6.4-liter V8 with 410 horsepower too. Its bumpers are entirely new, along with the fender flare design on this truck. It all comes together and gives the Ram Power Wagon its traditional look while still meshing with the complete redesign the 2019 Ram 1500 received. How Ram let this 2020 model year truck venture out into the world uncovered is mighty confusing. Maybe Ram wanted everyone to see it? We'll only be guessing for the time being. The 2500 Power Wagon is expected to make its debut in 2019. We'd imagine the most likely scenario for that one is at the Detroit Auto Show in January where the redesigned 2019 1500 was revealed. For now, feast your eyes on the next Power Wagon to grace our roads. Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.