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Stellantis expects strike to cost it $795 million in third-quarter profits

MILAN — Automaker Stellantis said Tuesday that the autoworkers strike in North America is expected to cost the company around 750 million euros ($795 million) in profits — less than its North American competitors. The Europe-based maker of Jeep, Fiat and Peugeot reported a 7% boost in net revenues to 45.1 billion euros, with production halts caused by the strikes costing the company 3 billion euros in sales through October. The net revenue boost was due to higher volumes in all markets except Asia. Chief Financial Officer Natalie Knight told journalists that StellantisÂ’ strike impact was lower than the other Big Three automakers due to its global profile as well as some high-profile cost-cutting measures, calculating the hit at around 750 million euros ($795 million.) GM, the last carmaker to reach a deal to end the strike, reported an $800 million strike hit. Ford has put its impact at $1.3 billion. “We continue to be in a very strong position globally and in the U.S. This is an important market for us, and weÂ’re highly profitable and we are very committed to our future," Knight said. “But mitigation is core to how we act, and how we proceed.” Stellantis has canceled appearances at the CES technology show in Las Vegas next year as well as the LA Auto Show, due to the strike impact. Stellantis on Saturday reached a tentative agreement with the United Auto Workers Union to end a six-week strike by more than 14,000 workers at its assembly plants in Michigan and Ohio, and at parts warehouses across the nation. Stellantis does not report full earnings for the third quarter, instead providing shipments and revenues. It said that global sales of electric vehicles rose by 37% over a year earlier, powered by the Jeep Avenger and commercial vehicle sales. North America continued to be the revenue leader, contributing 21.5 billion euros, an increase of 2% over last year, and representing nearly half of global revenues. Europe, the next biggest performing region, saw revenues grow 5% to 14 billion euros, as sales rose 11%. Related video: Earnings/Financials UAW/Unions Alfa Romeo Chrysler Dodge Fiat Jeep Maserati RAM

Dodge Journey to get a performance-focused replacement in 2022?

The Dodge Journey is neither fast nor agile, but it has proved a hard-to-hit target for everyone trying to figure out what the next generation will hold, including Fiat Chrysler. In 2014, the automaker's five-year plan for Dodge included an all-new Journey in 2016, and a hotted-up SRT version of the crossover come 2017. In 2016, "supplier sources" told Automotive News a new Journey on rear-drive Alfa Romeo's Giorgio platform would show for the 2019 model year, and production would be moved from Mexico to Italy, Those prognostications came to naught, the 11-year-old Journey riding on its Mitsubishi-based platform into 2020 with fewer options. Now Mopar Insiders says the next-gen Journey could come in 2022 as an early 2023 model, still on the Giorgio platform and given a performance-focused brief. According to MI, the new Journey — and it's not clear if the name will be retained — comes in strict two-row, five-seater guise. It "will be around the size of the Stelvio," the Alfa Romeo coming in at 184.5 inches. Previous reports have said the Journey will be shorter than the current 192.4-inch model, but longer than the Stelvio. The Dodge Charger is said to donate major styling cues, and there will supposedly be a Scat Pack trim. Under the hood, the entry-level engine will be the same GME 2.0-liter four-cylinder in that makes 276 horsepower and 306 pound-feet of torque in the Stelvio. MI believes a Hemi V8 will make the options list, hence the Scat Pack. Previously, other outlets have figured a turbo V6 like that in the Alfa Quadrifoglio models will stand in as the upgrade, although the model is "being developed with V8s in mind." Any engine choice is expected to be paired with an eight-speed transmission. All of those options far outdo the 2.4-liter four-cylinder with 172 hp and 165 lb-ft, shifting through a four-speed automatic, which is the only powertrain possible for the 2020 Journey. The platform switch and the change to rear-drive will greatly enhance on-road manners and performance, but MI believes an all-wheel-drive option should make the transition. If Journey production moves to Italy from Mexico, Fiat Chrysler will open up capacity in North America for big-profit crossovers and trucks, and get more from its underutilized European operations. Rumor says the Journey would roll down the same lines as the Stelvio in the Cassino Assembly Plant; the crossover is still sold in Europe and other markets as the Fiat Freemont.

Fiat Chrysler picks Google, Samsung for global connected car system

DETROIT — Fiat Chrysler said on Tuesday it will use technology from Alphabet Inc's Google and Samsung to connect all its vehicles by 2022, providing music and video and facilitating future car-sharing and self-driving capabilities. Fiat Chrysler Automobiles NV (FCA) will use Google's Android operating system globally instead of a mixture of software that varies by region, a spokesman said. The automaker will also use a cloud-based digital platform from Samsung Electronics Co Ltd's Harman unit. Unlike its rivals General Motors and Ford, FCA has spent virtually nothing on developing self-driving vehicle technology. This saves the company large amounts of money, but makes it reliant on outside parties to provide technology and systems. FCA said it will launch the new capabilities in the second half of 2019. The company said the system will aid owners "by predicting maintenance needs, locating fuel and charging stations, receiving traffic prompts and restaurant offers and providing live customer-care assistance at the push of the button." Chrysler Dodge Fiat Jeep RAM Technology Emerging Technologies connected car