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Auto blog
Submit your questions for Autoblog Podcast #317 LIVE!
Tue, 22 Jan 2013We record Autoblog Podcast #317 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.
Discussion Topics for Autoblog Podcast Episode #317
Mitsubishi Mirage
Stellantis ready to kill brands and fix U.S. problems, CEO Tavares says
Thu, Jul 25 2024Â MILAN — Stellantis is taking steps to fix weak margins and high inventory at its U.S. operations and will not hesitate to axe underperforming brands in its sprawling portfolio, its chief executive Carlos Tavares said on Thursday. The warning for lossmaking brands is a turnaround for Tavares, who has maintained since Stellantis was created in 2021 from the merger of Italian-American automaker Fiat Chrysler and France's PSA that all of its 14 brands including Maserati, Fiat, Peugeot and Jeep have a future. "If they don't make money, we'll shut them down," Carlos Tavares told reporters after the world's No. 4 automaker delivered worse-than-expected first-half results, sending its shares down as much as 10%. "We cannot afford to have brands that do not make money." The automaker now also considers China's Leapmotor as its 15th brand, after it agreed to a broad cooperation with the group. Stellantis does not release figures for individual brands, except for Maserati which reported an 82 million euro adjusted operating loss in the first half. Some analysts say Maserati could possibly be a target for a sale by Stellantis, while other brands such as Lancia or DS might be at risk of being scrapped given their marginal contribution to the group's overall sales. Stellantis' Milan-listed shares were down as much as 12.5% on Thursday, hitting their lowest since August 2023. That brings the loss for the year so far to 22%, making them the worst performer among the major European automakers. Few automotive brands have been killed off since General Motors ditched the unprofitable Saturn and Pontiac during a U.S. government-led bankruptcy in the global financial crisis in 2008. Tavares is under pressure to revive flagging margins and sales and cut inventory in the United States as Stellantis bets on the launch of 20 new models this year which it hopes will boost profitability. Recent poor results from global carmakers have heightened worries about a weakening outlook for sales across major markets such as the U.S., whilst they also juggle an expensive transition to electric vehicles and growing competition from cheaper Chinese rivals. Japan's Nissan Motor saw first-quarter profit almost completely wiped out on Thursday and slashed its annual outlook, as deep discounting in the United States shredded its margins. Tavares said he would be working through the summer with his U.S. team on how to improve performance and cut inventory.
2021 Dodge Durango gets upgraded interior and new R/T Tow N Go package
Thu, Jul 2 2020The addition of a 710-horsepower Hellcat edition is surely the biggest headline-grabbing announcement for the 2021 Dodge Durango lineup. But the truth is that’s an extremely limited model. Dodge will sell many times more non-Hellcat Durangos for the 2021 model year, and there are some interesting improvements and additions worth talking about for those lesser models. The 2021 Durango gets some fairly mild exterior updates, including a new front end that features a grille thatÂ’s canted forward in a way that mimics the Charger Widebody sedan. The updated fascia is flanked by slim LED headlamps and topped by a newly sculpted hood with scoops and extractors on some models and sharp-edged bulges on others. SRT models get a new chin spoiler, and all models gain a rear spoiler atop the back hatch. More important than the exterior changes are the sweeping upgrades to the DurangoÂ’s interior. The heavily redesigned cockpit gains a redesigned instrument panel, center console and front door panels. Everything is canted slightly toward the driver, including the 10.1-inch touchscreen (an 8.4-inch is standard on SXT and GT) in the console, which runs DodgeÂ’s latest Uconnect 5 software. Apple CarPlay and Android Auto standard across the range, and wireless charging comes on any Durango equipped with the larger infotainment screen. In addition to the styling updates, Dodge has added a new Tow N Go package for the Durango R/T. This model gets some of the upgrades of the SRT models, including exterior fender flares, SRT-edition 20-inch wheels shod in Pirelli Scorpion Zero all-season tires, an SRT-tuned exhaust, active noise cancelation, electronic limited slip differential, active damping suspension and Brembo brakes. The 5.7-liter Hemi maintains the same 360-horsepower and 390-pound-foot of torque as the regular R/T, but the suspension upgrades allow it to boost its tow rating from 7,400 pounds to an SRT-matching 8,700 pounds. It also has a top-speed boost to 145 miles per hour, not that anyone will want to push it that far. We have a feeling the R/T with the Tow N Go package may prove to be a sweet spot in the Durango lineup, offering the looks of an SRT with legitimate performance and utility upgrades baked in for good measure. Check it out in our image gallery up above in red, and be sure to scroll through the more luxurious white Durango in Citadel trim, which includes shots of the new interior, below. Related Video: Â Â
