2013 Srt8 Superbee New 6.4l V8 16v Automatic Sedan Premium on 2040-cars

Auto blog

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 Charger Hellcat Widebody to race at Pikes Peak

The 2020 Dodge Charger Hellcat Widebody may be world's most badass Charger right now, but it won't be for long. This weekend, Dodge will unveil an even more serious Charger, a one-off racer that will run at Pikes Peak. Tim Kuniskis teased the race car during the Widebody reveal. It will have more power, more tire and more brakes than the road car. He didn't provide exact numbers for any of that, but we at least know it will have more than 707 horsepower, tires wider than 305 millimeters, and better brakes than the regular Hellcat. He said it will have an upgraded version of the Hellcat's 6.2-liter engine. We wouldn't rule out 797 horsepower like in the Hellcat Redeye and in the company's One Lap of America Dodge Durango. We suspect we'll have more concrete details and photos of the car very soon, since the Pikes Peak International Hill Climb takes place this Sunday. One other tidbit: Kuniskis said that we shouldn't expect any of the parts from the race car to show up as Mopar accessories. But we bet there will be plenty of aftermarket companies more than happy to help paying customers recreate it.

Fiat Chrysler recalls 320,000 Dodge Darts that could roll away

WASHINGTON — Fiat Chrysler Automobiles NV said Friday it is recalling more than 320,000 Dodge Dart compact cars in North America that could roll away because of a defective part that could allow the shift cable to detach from the transmission. The Italian-American automaker said the recall covers 2013 through 2016 model year automatic transmission Dart cars and that the defect could prevent drivers from shifting vehicles into park. The company said it is not aware of any crashes or injuries related to the issue but has several thousand reports of related repairs to vehicles. The company said a cable bushing may degrade after prolonged exposure to high ambient heat and humidity. The company said owners should make sure they shut off the vehicle and engage the parking brake. Fiat Chrysler will replace the transmission side shifter cable bushing, the company said. The company did not said when repairs will be ready. The recall covers about 298,000 U.S. vehicles, 20,117 in Canada, 3,400 in Mexico and about 900 outside of North America. Fiat Chrysler ended production of the Dart in 2016. FCA has had a number of recalls over shifter problems in recent years. Some 1.5 million Ram trucks were recalled in 2017 for a shifter problem, and another 228,000 were recalled in 2018. And 1.1 million Chrysler, Dodge and Jeep models were recalled in 2016 over what the National Highway Traffic Safety Administration called an "unintuitive" shifter design that caused drivers to exit their vehicles thinking they were in Park when in reality they were still in Drive or Reverse. The shifter in Dodge Chargers, Chrysler 300s and Jeep Grand Cherokees was implicated in more than 120 accidents, more than 40 injuries, and in the death of "Star Trek" actor Anton Yelchin.