2005 Jeep Liberty Sport Sport Utility 4-door 3.7l on 2040-cars

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Stellantis reports record margins, $7B profits despite chip shortage

MILAN — Automaker Stellantis on Tuesday said it achieved faster-than-expected progress on synergies and record margins in its first six months as a combined company, despite suffering 700,000 units in lower production due to interruptions in the semiconductor supply chain. The company — formed from French carmaker Peugeot PSAÂ’s takeover of the Italian-American company Fiat Chrysler — reported net profit of 5.9 billion euros ($7 billion) in the first half of 2021, compared with a loss 813 million euros during the same period a year earlier, which was impacted by the coronavirus restrictions around the globe. Shipments rose 44% to 3.2 million units, while revenues rose 46% to 75 billion euros. “We are very pleased with the speed with which the new team has begun to execute as one company, as Stellantis,Â’Â’ Chief Financial Officer Richard Palmer told reporters. Semiconductor shortages accounted for 200,000 units of production losses in the first quarter and 500,000 in the second quarter. Semiconductors are used more than ever before in new vehicles with electronic features such as Bluetooth connectivity and driver assist, navigation and hybrid electric systems. Stellantis achieved 1.3 billion euros in cost savings in the first half, mostly by sharing investments in new technologies and platforms, which Palmer said was a faster rate than initially forecast. It aims to achieve 80% of the targeted 5 billion in cost savings by 2024. “These synergies allow us to continue to invest in the electrification strategy, which we talk about every day,” Palmer said. Stellantis, which lags competitors in rolling out electric vehicles, plans to launch 21 fully electric or plug-in gas electric hybrid vehicles over the next two years. North American posted record profitability on global sales of Ram trucks and the strong launch of the Jeep Wrangler 4xe, which was the best-selling plug-in gas electric vehicle in the United States in the second quarter. Stellantis was the market leader in South America and second in Europe. The results were presented on a pro-forma basis, taking into account the performance of each of the carmakers as separate entities during 2020. Related video: 2021 Jeep Wrangler Rubicon 392 Inside and Out

EPA posts 2018 Jeep Wrangler Unlimited fuel economy

When Jeep loosed a trio of 2018 Wrangler photos in October, Jeep cognoscenti parried over details like radio antenna placement and painted tailgate hinges, while every other viewer merely noted, "It's still a Wrangler." Now that the Environmental Protection Agency's listed fuel economy ratings for the 2018 Wrangler Unlimited with the 3.6-liter V6, Jeep savants will again parry over details. Every other viewer will merely note, "It's still got Wrangler gas mileage." According to the EPA, the current Wrangler Unlimited with the 3.6-liter V6 and six-speed manual clocks 16 miles per gallon in the city, 21 on the highway, and 18 combined. The 2018 version with the same six-speed manual comes in at 17/23/19. Switching transmissions, the current model with the five-speed automatic hooks up 16/20/18, the 2018 model with an eight-speed automatic does 18/23/20. Those numbers might not jump off the page, yet according to the EPA's cost calculator, you'll save $250 per year on gas with the eight-speed auto 2018 Wrangler Unlimited, $150 per year with the coming six-speed manual. The eight-speed auto option also exceeds Chrysler's prediction from 2014 of a nine-percent improvement in fuel economy over the five-speed auto. Now we wait for numbers on the dark horse four-cylinder, which we'd expect to best the sixer's numbers, unless the rumors are true and the four-pot really is packing every wild horse it can handle. In that case, we'll turn to the EcoDiesel for frugal kicks. If we don't find out beforehand, we can expect those goodies and more at the LA Auto Show in December. Related Video: News Source: FuelEconomy.gov via Motor Trend Auto News Government/Legal Jeep SUV Off-Road Vehicles

Key-swapping thieves steal Jeep Grand Cherokee SRT from FL dealer

Just a few weeks back, we reported on the theft of an Audi RS5 by a pair of creative thieves who managed to swipe the car's keys when the salesperson stepped away from their desk. Now, a Florida dealership is missing a Jeep Grand Cherokee SRT8 after some crooks switched the Jeep's keys with an identical, non-functioning set.
According to the report from local NBC affiliate WPTV, the men went in and spoke to a dealer about the Jeep. They walked outside, took a look at it, started it up and in the process managed to switch out the fobs. After doing their time with the salesperson, the thieves walked back out to the car, got in and drove away.
"I mean obviously, the way it was done, I think that they were professionals and they knew what they were doing," said Arrigo Jeep General Manager Joe Tufo. "The fact that they did it in broad daylight and switched the key fob and it was like it was nothing. That's what makes it unique," he added.