2002 Dodge Stratus Vehicle on 2040-cars
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Stellantis earnings rise along with EV sales
Wed, Feb 22 2023AMSTERDAM — Automaker Stellantis on Wednesday reported its earnings grew in 2022 from a year earlier and said its push into electric vehicles led to a jump in sales even as it faces growing competition from an industrywide shift to more climate-friendly offerings. Stellantis, formed in 2021 from the merger of Fiat Chrysler and FranceÂ’s PSA Peugeot, said net revenue of 179.6 billion euros ($191 billion) was up 18% from 2021, citing strong pricing and its mix of vehicles. It reported net profit of 16.8 billion euros, up 26% from 2021. Stellantis plans to convert all of its European sales and half of its U.S. sales to battery-electric vehicles by 2030. It said the strategy led to a 41% increase in battery EV sales in 2022, to 288,000 vehicles, compared with the year earlier. The company has “demonstrated the effectiveness of our electrification strategy in Europe,” CEO Carlos Tavares said in a statement. “We now have the technology, the products, the raw materials and the full battery ecosystem to lead that same transformative journey in North America, starting with our first fully electric Ram vehicles from 2023 and Jeep from 2024.” The automaker is competing in an increasingly crowded field for a share of the electric vehicle market. Companies are scrambling to roll out environmentally friendly models as they look to hit goals of cutting climate-changing emissions, driven by government pressure. The transformation has gotten a boost from a U.S. law that is rolling out big subsidies for clean technology like EVs but has European governments calling out the harm that they say the funding poses to homegrown industry across the Atlantic. Stellantis' Jeep brand will start selling two fully electric SUVs in North America and another one in Europe over the next two years. It says its Ram brand will roll out an electric pickup truck this year, joining a rush of EV competitors looking to claim a piece of the full-size truck market. The company plans to bring 25 battery-electric models to the U.S. by 2030. As part of that push, it has said it would build two EV battery factories in North America. A $2.5 billion joint venture with Samsung will bring one of those facilities to Indiana, which is expected to employ up to 1,400 workers. The other factory will be in Windsor, Ontario, a collaboration with South KoreaÂ’s LG Energy Solution that aims to create about 2,500 jobs. The EV push comes amid a slowdown in U.S.
2019 Dodge Challenger, Charger get retro Sublime paint options
Thu, Jan 31 2019Editor's note: An FCA spokesman wrote to clarify that Sublime will be available on all 2019 Challenger and Charger models, including Hellcats. The story has been updated accordingly. Dodge's SRT performance division wants those of us who live in the nation's midsection to look past the current subarctic temps that are causing everything from "frost quakes" in Chicago to temporary shutdowns at auto plants in Michigan and envision the upcoming muscle car season with its balmier cruising weather. To help with that vision, SRT announced it's bringing back the heritage-inspired Sublime color and making it available for the first time on all 2019 Dodge Charger and Challenger models to help your metal pop. The lime-green Sublime color debuted way back during the 1970 model year on most Dodge vehicles, and it returned in 2007 for a limited number of Charger R/T Daytona models, then again across the Challenger lineup for 2015. It even made an appearance in 2017 on the limited-edition Ram 1500 Sublime Sport pickup truck. Sublime will be available for all models, including the 2019 Charger Scat Pack, with its 392 Hemi V8, the 707-horsepower Charger SRT Hellcat and the 797-hp Challenger SRT Hellcat Redeye. The color also makes its return to the Challenger T/A for the first time since 1970. It joins an extensive palette of color options for both models that include Go Mango orange, Plum Crazy purple and B5 Blue Orders start in February. The brand will have examples of both models on display next month at the Chicago Auto Show. Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.
Jeep Grand Cherokee, Dodge Durango to lose color options temporarily
Wed, 19 Nov 2014In the market for a Jeep Grand Cherokee or Dodge Durango? Well, if you fancy a more expressive color for your new SUV, you'd better get your order in, or plan on waiting until well into 2015.
The SUVs will be limited to just four monochromatic shades - black, white, silver and gray - until at least February, thanks to an upgrade to the paint shop at the two vehicles' Jefferson North factory. For the Grand Cherokee, that means it's losing more than half its color palette while the Durango is dropping two-thirds of its color catalog.
The loss of colors is inconvenient, but the upgrade will have a slightly bigger effect on the overall supply of SUVs, as Chrysler will need to end its relentless build pace at the factory for a three-week shutdown starting on December 22. The good news for fans of the SUVs is that once the work is completed, we should see a gradual expansion of the color palettes for both the Durango and Grand Cherokee, beyond even what's offered now.




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