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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

Watch the video that inspired Ram's Farmer Super Bowl commercial

Chrysler may have the Super Bowl's most popular commercial for a third year in a row. Eminem and Eastwood helped it earn that distinction the last two years, and while Oprah did the voiceover for this year's Jeep ad, it's Chrysler's other spot that's in the running for Most Valuable Ad after the big game this year.
So where did the Ram brand's commercial about farmers come from? As it turns out, the ad appears to be inspired, shall we say, by a video produced by Farms.com that was uploaded to YouTube in June, 2011. Greg Mitchell of The Nation pointed out the similarities between the two in an article published this morning. The video uses the same speech given by famed radio broadcaster Paul Harvey played over a slideshow of farming images. It's the same concept as Ram's ad, though the truck brand did go out and commission its own images shot by very well-known photographers for its version.
Did Ram steal the idea? That does not appear to be the case. A message left on the Farms.com YouTube video says "Farms.com is pleased to be working with Ram Trucks and support the 'Farmer' Super Bowl commercial." When you play the video, a link even pops up to watch Ram's version.

2022 Ram 1500, HD lineup and ProMaster all updated with Uconnect 5 infotainment

Uconnect 5 is making its way through the Stellantis portfolio, and today it’s RamÂ’s turn to get the redesigned infotainment system. ItÂ’s coming to all 2022 Ram products, including the Ram 1500, Ram HD lineup and even the ProMaster. The most important of the above products getting Uconnect 5 is the 2022 Ram 1500, though. Ram has adapted its system to run on the vertical 12-inch touchscreen that debuted in that truck. WeÂ’ve enjoyed using the previous version of Uconnect with that screen layout, and given our pleasant experiences with Uconnect 5 already, we have a feeling this update will only make things better. You can check out some of the systemÂ’s nitty gritty details in our Uconnect 5 reveal post, but Ram also spelled out some of the important — and even truck-specific — details for us with its announcement today. For one, the Ram version of Uconnect 5 allows specific customization of the home screen to display a bevy of powertrain gauges during heavy towing scenarios. It also features RamÂ’s “Off-Road Pages” (similar to SRTÂ’s Performance Pages) to give you detailed off-road data for your truck. Fleets should enjoy newly-available telematics data, which is one reason Ram added this new system to the ProMaster (shown just above). Uconnect 5 allows third-party companies to collect data on vehiclesÂ’ status through the cloud in order to better monitor them. Ram suggests this will increase efficiency when it comes to reporting accidents, getting vehicles in for maintenance and making decisions about routes and vehicle appropriation. Of course, added efficiencies ultimately mean less money out of pocket for the folks running the fleet. Just like other Stellantis models with Uconnect 5, the Rams will enjoy wireless Apple CarPlay and wireless Android Auto (now capable of going full screen on the 12-inch display), an updated navigation system with more capabilities, Amazon Alexa integration for voice services and the ability to be updated via over-the-air updates. Ram did not specify when Uconnect 5 would start appearing in 2022 models, but we suspect itÂ’ll be soon for all of them. Related video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.