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Stellantis reports surprising 2020 results, is 'off to a flying start'

MILAN — Low global car inventories and cost cuts should boost Stellantis's profit margins this year, though a shortage of semiconductors and investments in electric vehicles could weigh on results, the newly-formed automaker said on Wednesday. The forecast came as Stellantis, created by the January merger of Peugeot-maker PSA and Fiat Chrysler (FCA), reported better-than-expected results for 2020 that sent its shares up around 3% in morning trading. "Stellantis gets off to a flying start and is fully focused on achieving the full promised synergies (from the merger)," Chief Executive Carlos Tavares said in a statement. Stellantis is the world's fourth largest carmaker, with 14 brands including Fiat, Peugeot, Opel, Jeep, Ram and Maserati. It said 2021 results should be helped by three new high-margin Jeep vehicles in North America and a strong pricing environment there. The U.S. market has driven profits for years at FCA and starts off as the strongest part of Stellantis. The group's guidance assumes no more significant lockdowns caused by the global COVID-19 pandemic, which shuttered auto plants around the world last spring. Stellantis should also get a lift as its starts to implement a plan aimed at delivering over 5 billion euros a year in savings, without closing any plants. Tavares has also pledged not to cut jobs. But a pandemic-related global shortage of semiconductors, used for everything from maximizing engine fuel economy to driver-assistance features, could hurt business. Auto industry executives have said the shortage should ease by the second half of 2021. Stellantis said its "electrification offensive" could also weigh on results this year. Automakers are racing to develop electric vehicles to meet tighter CO2 emissions targets in Europe and this week Volvo joined a growing number of carmakers aiming for a fully-electric line-up by 2030. Stellantis plans to have fully-electric or hybrid versions of all of its vehicles available in Europe by 2025, broadly in line with plans at top rivals such as Volkswagen and Renault-Nissan, although Stellantis has further to go to meet that goal. The carmaker is targeting an adjusted operating profit margin of 5.5%-7.5% this year. That compares with a 5.3% aggregated margin last year: 4.3% at FCA and 7.1% at PSA excluding a controlling stake in parts maker Faurecia, which is set to be spun-off from Stellantis shortly.

Why the Charger Hellcat can't be ordered with a manual transmission

Fans of truly irreverent amounts of horsepower will find lots to love in the form of the 2015 Dodge Challenger and Charger Hellcat models. Both of them send 707 ridiculous horsepower to the rear wheels; the only question is whether you want your absurdity delivered with two or four doors. Oh, and whether or not you want the option of a manual transmission.
If you prefer rowing your own gears, the choice is made for you; there is no manual gearbox option available on the Charger Hellcat, or any Charger model at all, for that matter. Wonder why? Well, besides the fact that almost nobody - sorry, clutch fans, but it's true - would choose to buy a Charger with a manual transmission, that is? The answer, according to an industry insider in a post written on Jalopnik's Opposite Lock forum, is the floorpan.
It's probably not a surprise to most of our readers that the Dodge Challenger and Charger share a large portion of their chassis structure, which is codenamed LX at Chrysler, but there are still some significant differences under the skin due to the shorter wheelbase and two-door coupe bodyshell of the Challenger, as opposed to the sedan shape of the Charger. One of the differences is the floorpan, the huge chunk of sheetmetal that makes up the floor of the car and props up such essential items as the car's seats.

2021 Dodge Charger SRT Hellcat Redeye Widebody: Bring your friends on a 797-hp thrill ride

For a couple years now, if you wanted the ultimate in Dodge performance, your only option was the Dodge Challenger SRT Hellcat Redeye. The 797-horsepower engine was exclusive to it and its widened body, and if you needed four-doors, you were out of luck. But following the addition of a widebody Charger, the company has finally seen fit to create the 2021 Dodge Charger SRT Hellcat Redeye, complete with the monster Hemi. Unsurprisingly, the addition of 90 extra horsepower makes the Charger Redeye significantly quicker than the standard Hellcat. On a 2.1-mile road course Dodge tested at, the Redeye lapped 1.2 seconds faster than the regular car. The Redeye also finishes the quarter-mile in 10.6 seconds, close to 0.4 second faster than the standard Hellcat Widebody. Top speed also increases from 196 mph to 203 mph. Visually, there are a few subtle cues that distinguish the Redeye from the Hellcat Widebody. It of course gets Hellcat badges with red eyes, but it also gets a unique hood. The hood, in combination with the Widebody front fascia and a special air intake opening near the wheel liner give the Redeye the maximum amount of air flow to the engine bay of any Charger variant. While the big news is the Redeye coming to the Charger, prospective Hellcat buyers have some good news, too. All 2021 Hellcats pick up 10 horsepower for 717 total. This matches the limited-edition Charger Hellcat Widebody Daytona 50th Anniversary Edition. So even if you can't reach a Redeye, the regular Hellcat will be even more potent than before. Pricing for the new Redeye has not yet been announced. Dealers will be able to start ordering 2021 Chargers this fall, so we should have pricing around that time. Cars should begin arriving at lots in early 2021. Related Video: