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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

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.

Dodge pulls New Girl and The Office stars for new Dart spots

Dodge is hoping that a heavy dash of humor helps it move some more units of the Dart with a hilarious ad campaign called Don't Touch My Dart. The spots star actors Craig Robinson, best known for his role as Darryl on The Office, and Jake Johnson from New Girl as neighbors and friends playing a game of one-upmanship over Robinson's new car. Johnson is envious of the ride and just wants to touch it.
The ads are pretty funny if you're a fan of somewhat absurdist humor, and Robinson has just the right amount of over-the-top seriousness to really make the commercials work. They have kind of a Roadrunner and Wile E. Coyote vibe with Johnson constantly in inept pursuit of what he wants, but he clearly isn't getting it.
The first four spots in the campaign are already online, but according to Dodge this is just the beginning. The company says that it's planning about 24 different versions of these ads in various lengths to play on TV and online. You can check out the ads titled First Scratch, Birdhouse Police Garage Door and Voice Touching below, along with the brand's release about the new ads. There's also a pretty good gag on its YouTube page with Robinson protecting his Dart.