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Stellantis expects strike to cost it $795 million in third-quarter profits

MILAN — Automaker Stellantis said Tuesday that the autoworkers strike in North America is expected to cost the company around 750 million euros ($795 million) in profits — less than its North American competitors. The Europe-based maker of Jeep, Fiat and Peugeot reported a 7% boost in net revenues to 45.1 billion euros, with production halts caused by the strikes costing the company 3 billion euros in sales through October. The net revenue boost was due to higher volumes in all markets except Asia. Chief Financial Officer Natalie Knight told journalists that StellantisÂ’ strike impact was lower than the other Big Three automakers due to its global profile as well as some high-profile cost-cutting measures, calculating the hit at around 750 million euros ($795 million.) GM, the last carmaker to reach a deal to end the strike, reported an $800 million strike hit. Ford has put its impact at $1.3 billion. “We continue to be in a very strong position globally and in the U.S. This is an important market for us, and weÂ’re highly profitable and we are very committed to our future," Knight said. “But mitigation is core to how we act, and how we proceed.” Stellantis has canceled appearances at the CES technology show in Las Vegas next year as well as the LA Auto Show, due to the strike impact. Stellantis on Saturday reached a tentative agreement with the United Auto Workers Union to end a six-week strike by more than 14,000 workers at its assembly plants in Michigan and Ohio, and at parts warehouses across the nation. Stellantis does not report full earnings for the third quarter, instead providing shipments and revenues. It said that global sales of electric vehicles rose by 37% over a year earlier, powered by the Jeep Avenger and commercial vehicle sales. North America continued to be the revenue leader, contributing 21.5 billion euros, an increase of 2% over last year, and representing nearly half of global revenues. Europe, the next biggest performing region, saw revenues grow 5% to 14 billion euros, as sales rose 11%. Related video: Earnings/Financials UAW/Unions Alfa Romeo Chrysler Dodge Fiat Jeep Maserati RAM

2019 Chevy Blazer vs Honda Passport, other midsize crossovers: How they compare

The two-row midsize crossover market is a sizable one that just keeps growing. The two newest additions being the 2019 Chevy Blazer and the 2019 Honda Passport, additions we just recently drove. As such, it seemed like a good time to see how their numbers compare with the veterans of the segment: Ford Edge, Jeep Grand Cherokee, Hyundai Santa Fe and Nissan Murano. In this comparison to see where it lands in the numbers game, we'll take a look at everything including power, torque, towing, ground clearance, passenger room, cargo space, fuel economy and pricing. Cue the chart. Powertrain The Passport only has one engine option, Honda's trusty 3.5-liter V6. You can find this engine in both the Pilot and Ridgeline, and we like it in all its applications. But if you're looking for something more affordable or more frugal, you're out of luck. The Passport is one of just two that offer just one engine option. Most of the others have two choices, and Jeep even offers three. Compared with similar engine options, the Passport is pretty middling. The Ford Edge ST's turbo V6 makes the most power and torque at 335 ponies and 380 pound-feet. Next up is the Blazer, the only other to break 300 horsepower, and then the 295-horsepower Grand Cherokee. The Passport does beat the V6 Murano and the turbocharged Santa Fe, though. 2019 Chevrolet Blazer View 37 Photos For vehicles with smaller engines, the Edge wins again with its 250-horsepower turbocharged four-cylinder. The Chevy Blazer is next, but at 193 horsepower, it's barely ahead of the 185-horsepower Santa Fe. The Jeep Grand Cherokee has a couple of powertrain aces, though. It's the only vehicle available with a V8, and it makes an impressive 360 horsepower and 390 pound-feet of torque. There's even a turbodiesel model with 240 horsepower and 420 pound-feet of torque, the most twist of the group. The Grand Cherokee is also the choice if you want to tow much. The V6 models will pull 6,200 pounds, and the V8 and diesel can handle 7,200 pounds. Add 200 more pounds to the diesel if it only has rear drive. 2019 Honda Passport View 19 Photos When it comes to fuel economy, the front-drive four-cylinder Edge and Santa Fe are tied for the best, with the all-wheel-drive Edge getting one more mpg on the all-wheel-drive Santa Fe on the highway. The Murano comes up next.

Jeep Liberty replacement takes shape

Now that the Liberty has left us for greener pastures, it's time to start looking into the future of the midsize Jeep model. The next all-new vehicle for the off-road brand will be the SUV you see here, effectively replacing the Liberty, and not necessarily carrying on with that name.
From the sides, the prototype you see here sort of looks like a miniature version of the handsome Grand Cherokee, albeit with a bit more in the way of body sculpting. Up front, the seven-slat grille will be front and center, with completely revised headlamp designs that are reportedly angular and sweep well into the front fenders (you can sort of see what we're talking about in the side profile). That doesn't sound very Jeep-like, but we'll reserve judgment until we, you know, see the thing.
The bigger question with the Liberty replacement will be whether or not its off-road chops will be up to snuff. After all, the two previous generations of Liberty models were body-on-frame traditional SUVs, whereas this new Jeep rides on a larger version of the Dodge Dart platform.