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Stellantis reports surprising 2020 results, is 'off to a flying start'
Wed, Mar 3 2021MILAN — 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.
2018 Jeep Wrangler spy shot mega gallery
Thu, Nov 9 2017We've already seen the 2018 Jeep Wrangler in official shots from the automaker. But there were only three, and they showed off only two of the many trim levels we're sure will be offered. So, feast your eyes on this spy shot mega gallery, which puts on display both two- and four-door Wrangler models in Sport, Sahara, Rubicon, and Overland guises. There are more than 40 images here, so take your time before coming back to finish reading. Done? OK, good. There are a few interesting bits worth obsessing over, starting with the two-door Rubicon in black. Obviously, there's no front bumper on this prototype. We can't say for sure whether that's because it's been out testing in its natural habitat, but we can clearly see the potential for top-shelf approach angles. We also get a good look at the removable soft top, which has nice, big, open side windows without the diagonal strip of opaque vinyl cutting through. There are five different four-door Wrangler Unlimited models in this gallery (not including the Wranglers of the last slide that are shot from further away), in Sport, Sahara, and Rubicon trim levels. We see soft tops (with what we hope are preproduction rear windows that don't line up very well) and hard tops in both matte black and body color. Clearly, the hardtops have removable sections for an open-air experience without the hassle of completely pulling off the entire outer shell. Also note that the black Unlimited Overland (with silver highlights and mirrors) is an export-only trim. Finally, take a look at the interior shots at the end of the gallery. We're not sure which model we're looking at, but it's a bit incongruous to see a contrast-stitched and leather-covered dash with a small UConnect touchscreen surrounded by a bunch of hard plastic. Thankfully, we're sure that a larger LCD will be optional, along with a cool body-color dash panel and an additional screen between the two main gauges. The interior we see in this spy gallery shows the eight-speed automatic shifter sitting next to a console-mounted four-wheel-drive shift lever. We've heard that multiple 4x4 systems will be available, including one safe to engage for full-time four-wheel-drive. Related Video:
Jeep Grand Cherokee, BMW i8, Ford F-150 win 2015 Green Car Awards in DC [w/video]
Tue, Jan 27 2015There were three shiny trophies handed out at the Washington Auto Show last week by Green Car Journal, and they went to three different examples of what "green" means in the automotive industry today. The Jeep Grand Cherokee EcoDiesel won the award for the 2015 Green SUV of the Year, the BMW i8 was named the 2015 Luxury Green Car of the Year and the Ford F-150 took the 2015 Green Car Technology Award honor. There is a case to be made that the aluminum body of the new Ford truck will make a bigger impact in the overall fuel usage in the US than almost any other vehicle, given the numbers of F-150s that Ford sells each year. The B20 biodiesel-capable Jeep gets up to 30 miles per gallon on the highway. And the i8 puts all sorts of new, fuel-saving technologies into an attractive package. Looking over the winners, and the list of finalists you can see in our photo gallery, and you can see that the definition of green is expanding every year. You can watch Green Car Journal editor Ron Cogan hand out the 2015 awards in the video below and we'll for sure be paying attention to what wins next year. 2015 Luxury Green Car of the Year, Green SUV of the Year and Green Car Technology Winners Announced WASHINGTON, Jan. 22, 2015 /PRNewswire/ -- Green Car Journal has named the Jeep Grand Cherokee EcoDiesel its 2015 Green SUV of the Year™ and the BMW i8 its 2015 Luxury Green Car of the Year™, with the aluminum-bodied Ford F-150 earning the magazine's 2015 Green Car Technology Award™. Winners were determined by a jury of Green Car Journal editors and automotive experts. The prestigious awards were announced in Washington, D.C. today at a Green Car Awards™ press conference held during the Washington Auto Show's Public Policy Day at the Washington Convention Center. "These are truly commendable vehicles representing the 'best-of-the-best' in so many ways," said Ron Cogan, editor and publisher of the Green Car Journal and CarsOfChange.com. "The auto industry's very early focus on small cars and efficiency-for-environment tradeoffs has evolved to now include a more dynamic field of 'greener' models in all vehicle classes. Those wanting greater efficiency or better environmental performance are no longer constrained by limited choices or vehicle types that fall outside their top purchase preferences.