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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.

2019 Jeep Renegade Limited and Trailhawk revealed with updated styling

A few weeks back, we got our first glimpse of the refreshed 2019 Jeep Renegade. The Italian-built compact crossover is currently the smallest model in Jeep's lineup. Details were scarce, but we now have some new info on the European-spec model as well as a whole batch of photos of both the Renegade Limited and Renegade Trailhawk. Visually, both the Limited and Trailhawk models get revised front fascias with dark LED and Xenon lighting that mimics the new Jeep Wrangler JL. The Limited's bumper includes more body-color panels with new turn signals, fog lights and a lower air intake. Outside of the new lighting, the only real change to the front of the Trailhawk is the lack of a bright red front tow hook. In the rear, both models get new taillights, though the bumpers appear to be the same. The Renegade Limited now comes with 19-inch wheels. The Renegade now has new gasoline and diesel engines, though it's unclear which — if any — will make it to the U.S. market. There's a 1.0-liter turbo inline-three that makes 120 horsepower, a 1.3-liter turbo inline-four that makes either 150 or 180 horsepower. That makes it as powerful as the 2.4-liter naturally-aspirated inline-four that's currently available. The 1.6-liter and 2.0-liter turbo diesel engines — not available in the U.S. — both get updated European emissions equipment. There are three transmissions: a six-speed manual, a six-speed dry dual-clutch and a nine-speed auto. The Renegade is still available with both front- and four-wheel drive. There are two four-wheel drive systems, with one slightly more sophisticated system reserved for the Trailhawk. Other carryovers include the removable My Sky roof panels and most of the interior. The Renegade also gets the latest version of FCA's UConnect infotainment system that is compatible with Apple CarPlay and Android Auto. Pricing hasn't been announced, but look for U.S.-specific details sometime later this summer. Related Video:

Finding surfing spots in the UK is tough work, even in a Jeep

You truly have to love surfing to practice the sport in the United Kingdom. The area isn't exactly teeming with warm beaches full of sunbathers, and absolutely no easy spots to find big waves. To be a UK surfer, you need to be a fearless adventurer, not to mention quite lucky. And driving a Jeep might help, too.
Surfers Oli Adams and Micah Lester are traveling around the British Isles in a Jeep Wrangler Overland trying to find the best surf spots out there. These guys don't fit the laid-back surfer stereotype, but that's because finding waves in the UK is hard work. They say that the waves at some of these spots only exist for about three hours every year when the current and winds are just right.
To find these surf spots, the Jeep's offroad capabilities are paramount. In some areas, as you'll see in the video, there isn't even a beach, just jagged rocks. It would be like the movie Endless Summer, that is, if it could start snowing at any moment. These guys are clearly dedicated to their sport.