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Stellantis says its 2021 performance has been better than expected

MILAN — Stellantis softened up investors ahead of its electrification strategy event on Thursday by flagging that 2021 got off to a better-than-expected start despite a chip shortage that has hit automakers worldwide. Stellantis, which was formed in January from the merger of Italian-American automaker Fiat Chrysler and France's PSA, faces an investor community keen to hear how it plans to come up with a range of electrified vehicles (EVs) to rival Tesla. At its "EV Day 2021" kicking off at 1230 GMT, Stellantis will disclose significant investments in electrification technology and connected software as it aims to be an industry frontrunner, it said in a statement. In April, Chief Executive Carlos Tavares said it would offer low-emission versions — either battery or hybrid electric — of almost all of its European models by 2025, and they should make up 70% of European sales and 35% of U.S. sales by 2030. Stellantis, the world's fourth-biggest automaker, has 14 brands in its stable, including Jeep, Ram, Opel, Fiat, Peugeot and Maserati.   Stellantis EV Day coverage: Dodge will launch the 'world's first electric muscle car' in 2024 Fully electric Ram 1500 will begin production in 2024 Jeep will have 4xe plug-in hybrid models across the lineup by 2025 Stellantis teases mystery electric Chrysler concept Stellantis previews 4 electric platforms: Here's how they'll be used Fiat says all Abarth models to be electric from 2024 Opel Manta E will be the electric revival of the classic German coupe Stellantis says its 2021 performance has been better than expected   At a similar EV strategy event last week, French rival Renault announced that 90% of its main brand models would be all-electric by 2030, whereas previously it had included hybrids in its target. Germany's Volkswagen, the world's second-biggest automaker after Toyota, expects all-electric vehicles to make up 55% of its total sales in Europe by 2030, and more than 70% of sales at its Volkswagen brand. Stellantis said its margins on adjusted operating profits in the first half of 2021 were expected to exceed an annual target of between 5.5% and 7.5%, despite production losses due to a global shortage of semiconductor supplies. Stellantis shares listed in Milan were down 2.6% at 0920 GMT, underperforming the broader European car index. Bestinver analyst Marco Opipari said Thursday's news was positive but that the stock was suffering from profit taking as it had moved up about 20% since the end of April.

Dominic Toretto's 'Fast and Furious' Lego Dodge Charger lives its life a quarter mile at a time

Fan of the "Fast and Furious" franchise and Lego kits? You're in luck. The brick-builder announced that it is now taking pre-orders for a new kit dedicated to the 1970 Dodge Charger widebody driven by Dominic Toretto (Vin Diesel) in the car heist film series.  The release of the latest installment in the "F&F" franchise may have been delayed until next year, but for better or worse, a lot of merchandising that was in the works to cross-promote the new film is still in the pipeline.  The approximately 1,100-piece Technic-line kit can be posed both on four wheels and in a wheelie stance thanks to a flip-down prop stand (which itself looks a bit like a misplaced wheelie bar). The kit includes details such as a trunk-mounted dual-bottle nitrous kit, a detailed roll cage, and other nods to the long-running movie car.  "With 1,077 pieces, this cool building set provides a fun challenge for kids who love toy model cars. Inspired by the original 1970s Dodge Charger R/T, this faithful replica is packed with realistic details," Lego's product page says. The kit features several moving parts, too, including the wheels, suspension, supercharger induction system and steering. It measures more than a foot long (15") and even comes with authentic California replica plates.  Those who want a kit will be able to pre-order it from the Lego website, with shipments starting on April 27. Those who want to roll the dice on retail availability will be able to shop for it in local stores the same day, provided those stores are open, of course.  Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Building The Fate Of The Furious Cars | Autoblog

NHTSA investigating power modules on Chrysler Group SUVs and minivans

The Center for Auto Safety is officially petitioning the National Highway Traffic Safety Administration to begin scrutinizing alleged problems with the totally integrated power module (TIPM) on about 24 Chrysler Group SUVs and minivans. The advocacy group claims that the part's failure can cause affected vehicles to stall or not start at all. NHTSA is still looking into the accusations and deciding whether a full investigation is actually warranted.
The CAS petition claims at least 70 TIPM failures, but according to NHTSA, six of the complaints are for models that don't have the modules. In 34 of the reported cases, the vehicles refused to start, and in 17 of them the engine stalled. There were also two allegations of smoke and one of a fire. However, none of these affected airbag deployment or resulted in a crash.
This petition isn't the first TIPM-related problem for Chrysler Group. A recent report in the New York Times alleged that it found 240 complaints potentially related to the issue on NHTSA's website alone. In September, the automaker also recalled 230,760 examples worldwide (188,723 in the US) of the 2011 Jeep Grand Cherokee and Dodge Durango replace the fuel pump relay circuit inside of the TIPM-7 with one external to the unit. The original part could allegedly cause the models to stall without warning. Even earlier, the company also recalled about 80,000 examples of the Jeep Wrangler and Dodge Nitro in 2007 to have the module reprogrammed.