2012 Ram 1500 Slt on 2040-cars

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Stellantis won't race to split electric vehicles from fossil fuel cars

MILAN - Stellantis is not considering splitting its electric vehicle (EV) business from its legacy combustion engine operation, its finance chief said on Thursday, as the carmaker presented above-expectation revenue data for the first quarter. Chief Financial Officer Richard Palmer told analysts he did not see huge benefits in the kind of separations pursued by rivals such as France's Renault and U.S. Ford. "We need to manage the company and the assets we have through this transition," he said. "There are benefits to having the cash flow being generated by the internal combustion business for the investments we need to make." Palmer said the group, formed by a merger last year of Fiat Chrysler and Peugeot maker PSA, was not averse to considering adjusting its structure "but we aren't anticipating any big changes." Palmer's comments came after the world's fourth largest carmaker said its net revenue rose 12% to 41.5 billion euros ($44.1 billion) in the January-March period, as strong pricing and the type of vehicles sold helped offset the impact of the semiconductor shortage on volumes. That topped analyst expectations of 36.9 billion euros, according to a Reuters poll. Milan-listed shares were up 0.5% by 1415 GMT, in line with Italy's blue-chip index. The impact of the chip crunch was evident in the decline in shipment figures which fell 12% in the quarter to 1.374 million vehicles. It was a similar story for Germany's BMW which posted higher revenues on Thursday and a decline in car sales. Riding the Recovery Stellantis, whose brands also include Citroen, Jeep and Maserati, confirmed its 2022 forecasts for a double-digit adjusted operating income margin, after 11.8% last year, and a positive cash-flow despite supply and inflationary headwinds. Morgan Stanley analysts said after the results that Stellantis had better management than many peers and benefited from its significant exposure to a stronger U.S. economy and a European recovery from the COVID-19 pandemic. They also said it was less affected by a slowing Chinese economy. Palmer said it was important for the group to maintain double-digit margins and keep delivering positive cash flows. "A 12% increase in revenue with a 12% decrease in volumes indicates a very strong performance on price and mix, which augurs well for our margin performance," he said. He said semiconductor supply problems were expected to ease this year with continued improvements in 2023.

Pickup prices rising at 2x industry average

We've said it before, but bears repeating: Pickup trucks are the financial engines of America's automakers. Good thing, then, that the segment is in rude health - in fact, Automotive News is suggesting that pickup truck sales are arguably healthier than they were pre-recession, even though the segment's volume is still significantly down from where it was before the bottom fell out of the US economy. That's because per-unit profits on full-size trucks are skyrocketing, outpacing the industry's average price increases by more than double since 2005. According to data from Edmunds, the average transaction price of a full-size pickup is now $39,915 - a heady increase over the $31,059 average price in 2005 - a gain of over 8 percent after inflation is factored in.
Just how important are trucks to automakers' bottom lines? Automotive News quotes a Morgan Stanley analyst as saying the Ford F-Series is responsible for 90 percent of the company's 2012 profits, and General Motors isn't far behind, with the Chevrolet Silverado and GMC Sierra twins chipping in about two-thirds of the automaker's earnings.
Automotive News points out that Detroit's automakers now have the money to invest in modernizing their full-size truck offerings, in part because they don't have the same overhead and legacy costs that pushed General Motors and Chrysler into bankruptcy. Certainly, the pickup segment has seen a lot of innovations as of late, including turbocharged V6s, coil-spring rear suspensions and active aero. Those improvements in important areas like fuel economy and ride comfort have given existing pickup buyers new reasons to upgrade. In addition, automakers are piling on the tech and luxury goodies, creating more and more high-content, high-profit models like the Ford F-150 King Ranch, Ram 1500 Laramie Longhorn and Chevrolet Silverado High Country (shown).

2023 Ram TRX priced at $81,150

The relentless rise of the MSRP on the Ram TRX has slowed. In January of this year, the super truck's base price had climbed to $74,085 after the $1,695 destination charge. Six weeks later, it jumped up $2,295 and the destination charge rose $100, taking matters to $76,880. Since then February, Ram pushed the mark up another $1,910 to $80,585 after destination. Mopar Insiders sourced the pricing sheet for the 2023 Ram TRX and reports next year's truck is only going to be $565 more dear, costing $81,150. MI didn't note any substantive changes to the pickup, which wouldn't be surprising in just its third year on the market. There are other price bumps among the options, however. Diamond Black Crystal will hold over as the only monotone available and cost the same $100 as now. But the 2022 TRX offers six two-tone hues that, according to this early list, will drop to five. Granite Crystal Metallic will go up from $200 to $450; Billet Silver Metallic increases from $200 to $250, and Hydro Blue Pearl climbs from $100 to $350. The other two, Flame Red Clear and Bright White Clear, will cost $250, same as now. On the 2022 rig, however, choosing those latter two-tone paint jobs automatically adds a little more than $10,000 in options with the TRX Level 2 Equipment Group. The Ignition Orange two-tone exterior isn't included on the list MI received, the end of the $9,200 Ignition Edition Package that also required the Level 2 group and so added nearly $20,000 to the price. The $100,080 Sandblast Edition is the special trim for next year. Big-ticket prices like the Equipment Groups and a la carte options such as the dual-pane sunroof, 19-speaker Harmon Kardon audio system, and surround-view camera system don't appear to have budged. We think that's called "small favors." The reptile's heart hasn't changed either, that continuing to be the supercharged 6.2-liter Hellcat V8 with 702 horsepower and 650 pound-feet of torque. We think that's called, "If it ain't broke." The 2023 TRX isn't on the Ram configurator as of writing, but dealers are ready to take orders. Related video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.