2021 Ram 1500 Rebel on 2040-cars

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270,000 Ram pickups in ‘salt belt’ recalled to fix sagging fuel tanks

Drive a Ram 1500? Maybe it's time to give your fuel tanks a look. FCA is issuing a voluntary recall of over 270,000 Ram 1500 pickups to prevent their fuel tanks from sagging. A corrosion-related problem, the issue can be identified either visually by looking at the undercarriage, or by listening to any scraping noises, as the brackets for the fuel tanks straps corrode and can cause the tanks to hang low. FCA says in its statement that the recall is limited to 270,254 model year 2009-2012 Ram 1500 pickups that have been registered in states belonging to what is called the "salt belt," that is, the District of Columbia and the following states: Connecticut, Delaware, Illinois, Indiana, Iowa, Maine, Maryland, Massachusetts, Michigan, Minnesota, Montana, New Hampshire, New Jersey, New York, Ohio, Pennsylvania, Rhode Island, Vermont, Wisconsin and West Virginia. Some 27,000 trucks will also be recalled in Canada, a thousand in Mexico and some 5,300 others. The tanks themselves are made of high-density polyethylene, and as such do not rust out: The problem is related to their fixings. The tanks won't be detached, as if a bracket fails, the remaining structural components will still hold the tanks. FCA also says no related incidents or injuries have been reported, nor have there been any fires — but the brackets are definitely worth getting fixed. Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.

Stellantis moves to set up its own lending unit

Stellantis is buying Houston-based auto lender First Investors Financial Services Group to set up its own finance arm in the U.S., a move that should support sales and eventually boost profit. The only major traditional automaker in the U.S. without its own finance company agreed to pay $285 million to a group of investors led by Gallatin Point Capital and Jacobs Asset Management, according to a statement. The transaction is expected to close by year-end. Stellantis was formed via the merger between Fiat Chrysler and PSA Group early this year. Carlos Tavares, the PSA boss who became the combined company’s chief executive officer, called the deal to acquire First Investors a milestone that will increase earnings and enhance customer loyalty. “Direct ownership of a finance company in the U.S. is a white-space opportunity which will allow Stellantis to provide our customers and dealers a complete range of financing options,” Tavares said Wednesday in the statement.  Having an in-house finance company has helped rivals General Motors Co. and Ford Motor Co. pad profits, especially during the global semiconductor shortage that has limited production and crimped sales. GM bought subprime lender AmeriCredit Corp. in 2010 and renamed it GM Financial. The operation generated a $2.76 billion profit in the first half -- roughly a third of the companyÂ’s adjusted earnings before interest and taxes. Trouble for Santander? The First Investors acquisition could spell trouble for Chrysler Capital, the operation that Santander Consumer USA Holdings Inc. and Chrysler set up in 2013 before the U.S. automaker completed its merger with Fiat. In a statement, Santander Consumer said itÂ’s committed to supporting Stellantis through the term of their existing agreement and its transition. Santander Consumer will also have “ongoing conversations with Stellantis about long-term mutually beneficial opportunities beyond 2023,” the company said, adding that its consumer business remains strong and has “delivered solid results for our shareholders.” This, along with support from its parent company, will allow the lender to “pursue additional opportunities as they arise.” The lenderÂ’s U.S.-listed stock fell 1.5% in New York trading Wednesday after Bloomberg reported Stellantis was preparing to announce a new finance partner. Stellantis shares rose as much as 1.3% in Paris trading Thursday.

Ram to debut electric truck concept this fall

Another day, another tease. Ram is clearly enjoying the super-slow reveal of its upcoming electric pickup truck, but at least this time they've included a date. Sort of; it's actually a season, not a specific date. We assume the exacting timing will be clarified in the coming months, but in a tweet today, Ram says we should expect the teasing to end and will debut an electric concept in the fall of 2022. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. We also get a new and predictably dark view of the truck, this time a straight-on shot of the EV hauler's face. As before, the highlights are all lit up, which we are currently assuming means they are the actual lighting elements. The R-A-M lettering in the middle of the grille is similarly radiant, which again makes us think it will be that way for the production version. We don't yet know its official name. We've been told the truck will go into production in 2024, that it will use the STLA Frame EV platform with a battery capacity up to 101-118 kWh and a range of up to 500 miles. That means prospective buyers will have quite a wait ahead of them even after it makes its official debut. By that time, the Ford Lightning should be a fairly common sight on America's roadways, the Hummer EV will have been on sale for a couple of years and the Chevy Silverado EV will similarly be ready to make its appearance. Ram is also promising to have a range-extended electric truck to show off, but we don't yet know if that will make its online debut this fall alongside the full EV. Lastly, we're not entirely sure what "thunder" Ram is stealing with its teaser and date announcement today. It could be a little shade thrown in the direction of the electrified Corvette, which was also announced today, or it could just be a play on words since Ford's truck is called the F-150 Lightning. We suppose it doesn't much matter, though. Thunder, shade, rain or snow, we're just happy to see the electrified truck game continue to intensify. Related video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.