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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

2020 Dodge Challenger 50th Anniversary Commemorative Edition puts on a Smoke Show

To celebrate the semicentennial of the Dodge Challenger this year, last November the muscle car brand announced a Challenger 50th Anniversary Edition. Available in seven of Dodge's high impact colors, Dodge said production would be limited to 1,960 cars, being 70 examples in each of the seven colors. Keeping the good thing going, the brand has just announced another 50th anniversary special, this one a Commemorative Edition with no cap on build numbers. The Commemorative Edition can be ordered on three 2020 Challenger trims, the R/T, R/T Scat Pack, and R/T Scat Pack Widebody, omitting the rear-wheel drive V6 GT model that can be configured as a 50th Anniversary Edition.    The Commemorative car is nearly identical to the Anniversary car. Outside, that means a Satin Black, hand-painted hood and black-wrapped roof and decklid, the Hellcat's air intake headlights, Satin Black fuel filler cap, Gold School-colored wheels, Gunmetal-colored brake calipers on trims that come with red Brembo brakes, and tons of badging all over from the illuminated "50" logos in the headlamps to the Satin Black Dodge logo in the taillamps. The interior gets sepia stitching on the heated and cooled performance seats, more sepia thread on for the Alcantara door bolsters, white gauges with yellow accents, berber floor mats, real carbon fiber trim pieces, and a bunch more badging. Paying homage to its elder, on startup a 1970 Challenger appears in the gauge cluster animation. Dodge says dealers will begin taking orders for the new celebrant this month, with deliveries to commence in the fall. The optional package adds $4,995 to the price of a 2020 Challenger R/T, $5,495 to the price of the R/T Scat Pack, and $5,495 to the cost of the R/T Scat Pack Widebody before the $6,000 cost of the widebody package itself. Whereas the 50th Anniversary car came in any of Dodge's eye-candy colors — F8 Green, Frostbite, Go Mango, Hellraisin, Sinamon Stick, TorRed, or the all-new Gold Rush — the Commemorative Edition is limited to the tamer end of the color palette, available in Granite, Indigo Blue, Octane Red, Pitch Black, Triple Nickel, White Knuckle, and the new Smoke Show hue. That latter color replaces Destroyer Gray, and can be ordered on the Charger as well. Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.

Bob Bondurant driving school closes a month after entering Chapter 11

On Oct. 2, the Bob Bondurant School of High Performance Driving filed for Chapter 11 bankruptcy protection. In its filing, the 50-year-old racing school said it owed between 50 and 99 creditors an amount between $1 million and $10 million, and had $1 million to $10 million. The school released a statement at the time saying, "Our plan is to emerge from this process as a stronger company and continue to drive this company into the next 50 years." Instead, on Monday, Nov. 12, the Chandler, Arizona-based facility closed its doors with no official explanation. On top of its classes for aspiring racers, law enforcement authorities, and general population students, Bondurant has been the official driving school for Dodge SRT vehicles since 2015. Over the past two years, Dodge has included a one-day training course for any SRT buyers and lessees, redeemable within a year after finalizing the deal for the vehicle. To read the tale of one Hellcat owner at the Hellcat.org forum, even the school's instructors didn't see the closure coming. Forum member Av62nv arrived at Bondurant Monday to start his four-day experience. After a lengthy pause in the middle of the day, Av62nv wrote that the instructor walked in and told the class, "Sorry guys, don't know how to say this, but as some may know the school is in Chapter 11 bankruptcy, and it looks like 7 now. We are closed." Another poster in the forum, CubeMan, wrote that "Technicians and staff loaded their toolboxes, and paychecks have apparently bounced." Apparently family scion Jason Bondurant arrived and tried to explain; the short of it was that the good thing had come to an abrupt end, but there was "a chance it could come back." Other posters in the forum noted how they have reservations as far out as June 2019, or haven't been able to get to their classes yet because of delivery delays with their SRT cars, and have no idea what's happening. The website is still up, but a Bondurant spokesman confirmed the closure to Classic Cars, and a note on the school door reads, "School is closed. Direct all inquiries to Pat Bondurant." Pat is Bob Bondurant's wife, who married the former race driver in 2010 at the Monaco Grand Prix. A month ago, Bondurant's Chapter 11 bankruptcy statement said, "We will continue operating and serving our students and corporate groups as usual while we develop new business relationships to ensure the vitality of the company in the future." Obviously, that won't happen.