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Stellantis earnings rise along with EV sales

AMSTERDAM — Automaker Stellantis on Wednesday reported its earnings grew in 2022 from a year earlier and said its push into electric vehicles led to a jump in sales even as it faces growing competition from an industrywide shift to more climate-friendly offerings. Stellantis, formed in 2021 from the merger of Fiat Chrysler and FranceÂ’s PSA Peugeot, said net revenue of 179.6 billion euros ($191 billion) was up 18% from 2021, citing strong pricing and its mix of vehicles. It reported net profit of 16.8 billion euros, up 26% from 2021. Stellantis plans to convert all of its European sales and half of its U.S. sales to battery-electric vehicles by 2030. It said the strategy led to a 41% increase in battery EV sales in 2022, to 288,000 vehicles, compared with the year earlier. The company has “demonstrated the effectiveness of our electrification strategy in Europe,” CEO Carlos Tavares said in a statement. “We now have the technology, the products, the raw materials and the full battery ecosystem to lead that same transformative journey in North America, starting with our first fully electric Ram vehicles from 2023 and Jeep from 2024.” The automaker is competing in an increasingly crowded field for a share of the electric vehicle market. Companies are scrambling to roll out environmentally friendly models as they look to hit goals of cutting climate-changing emissions, driven by government pressure. The transformation has gotten a boost from a U.S. law that is rolling out big subsidies for clean technology like EVs but has European governments calling out the harm that they say the funding poses to homegrown industry across the Atlantic. Stellantis' Jeep brand will start selling two fully electric SUVs in North America and another one in Europe over the next two years. It says its Ram brand will roll out an electric pickup truck this year, joining a rush of EV competitors looking to claim a piece of the full-size truck market. The company plans to bring 25 battery-electric models to the U.S. by 2030. As part of that push, it has said it would build two EV battery factories in North America. A $2.5 billion joint venture with Samsung will bring one of those facilities to Indiana, which is expected to employ up to 1,400 workers. The other factory will be in Windsor, Ontario, a collaboration with South KoreaÂ’s LG Energy Solution that aims to create about 2,500 jobs. The EV push comes amid a slowdown in U.S.

FCA recalling Chrysler and Dodge minivans, Dodge Nitro SUVs for faulty airbag covers

Fiat Chrysler Automobiles said on Friday it would recall about 925,239 of its older model vehicles in the United States to replace airbag covers on their steering wheels after 14 potentially related injuries. The recall is limited to 2007-2011 Dodge Nitro SUVs, 2008-2010 Chrysler Town & Country and Dodge Grand Caravan minivans, the Italian-American automaker said. The move follows an FCA investigation that found these vehicles were equipped with certain clips that may loosen and disengage over time, and in case of a driver-side airbag deployment the clips could act as projectiles. Fiat Chrysler said none of the potential injuries involved occupants of front-passenger or rear seats and that the airbags were not supplied by Takata. Reporting by Sanjana Shivdas in Bengaluru; Editing by Amy Caren Daniel. Related Video:   Recalls Chrysler Dodge Minivan/Van SUV

2020 Dodge Challenger celebrates 50th anniversary with a golden special edition

Next year will mark the 50th anniversary of the original Dodge Challenger. And obviously Dodge wouldn't let that significant date go by without a special version of the 2020 Dodge Challenger. Meet the limited production Dodge Challenger 50th Anniversary Edition. The package is offered on the V6-powered GT with rear-wheel drive, as well as the R/T, R/T Scat Pack and R/T Scat Pack Widebody. The Hellcat and Hellcat Redeye are left out, but every 2020 example will get special 50th Anniversary badges to make up for that. On the outside, the package features a matte black hood, roof and trunk lid. V8 models get a body-color Shaker scoop. This marks the first time the Shaker scoop has been available on a Widebody Challenger. Despite having a Shaker scoop, the special edition cars also get the air intake headlights pioneered by the Hellcat, and they have a "50" printed on them to go with the other 50th Anniversary badging. All models get 20-inch wheels. These are finished in what Dodge calls "Gold School." These Challengers can be painted in one of seven colors: Frostbite, Hellraisin, Sinamon Stick, Go Mango, TorRed, F8 Green or the all-new Gold Rush. Inside the Challenger 50th Anniversary Edition are Nappa leather and Alcantara-covered seats and "Sepia" stitching and embroidery. It's all matched by carbon fiber trim with copper threads woven into it. The instrument cluster and the air vent badge are finished in the car's exterior color. Dodge will build only 70 of each model in each color as a tribute to the original car's 1970 model year. This means that there will be 490 GTs, 490 R/Ts, 490 R/T Scat Packs and 490 R/T Scat Pack Widebody models for a grand total of 1,960 cars. Each model has a different price for the 50th Anniversary package. It costs $4,995 for the GT, $5,495 for the R/T, and $5,995 for the Scat Pack models. The cars go on sale this coming spring.