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Stellantis expects strike to cost it $795 million in third-quarter profits
Tue, Oct 31 2023MILAN — 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
The $100,000 Winnebago Solis is a Ram ProMaster camper with a pop-top
Wed, Oct 2 2019Think of it as bunk beds for the outdoors. Maximum personal space, and the campsite has plenty of room for activities. It's an overall win-win. Camper vans with pop-tops are some of the most useful and versatile adventuremobiles out there, and now Winnebago has created its first entry into the growing market. For the first time, Winnebago is entering the Class B pop-top camper van business with the new Solis. Based on a Ram ProMaster chassis, the Solis' exterior is 19-feet-6-inches long, 8-feet-11-inches tall, and 6-feet-8-inches wide. Inside, the ceiling is 6-foot-2-inches high, and campers have access to 21 gallons of stored water. Power comes from a 280-horsepower 3.6-liter V6 and a 220-volt solar panel is integrated into the roof. In the video below, Winnebago Product Manager Russ Garfin says the goal with the Solis was to maintain durability while keeping things as simple as possible to get the job done. With the front captain's chairs swiveled around to face inward, they look at a cabin that is basic but comfortable. The driver's seat pairs with a removable swiveling plywood table with two more seats on the other side. Behind the rear passenger seats, there is a tri-purpose heated bathroom. The toilet is technically in the shower, and the space can also be used as a drying room for wet gear or laundry. The cassette toilet holds five gallons, and the shower has hot or cold water. The gray tank holds 20 gallons. Opposite the bathroom, the kitchenette is on the passenger-side wall. On the end near the door is a 12-volt compressor-driven fridge and freezer. The cooking unit also includes a countertop extension, built-in storage, a two-burner stovetop with backsplash, and a full faucet and sink. All of the insulation and plumbing on the Solis is four-season ready, as well, so adventuring can be done anywhere at any time. In the rear, the Solis has a murphy bed that flips up and out of the way. It sleeps two adults and stores a new "movable table" underneath. When the bed is up, that table can be put down to make a working space or for hanging out at the rear of the vehicle. There is also more storage under the rear floor space. Doubling the sleeping space is the fiberglass pop-top. The roomy space sleeps two more adults and is easily accessible thanks to a folding ladder that can be stored above the driving cabin. The Solis simplifies the camping experience by packaging full amenities and lots of sleeping space within a small van.
The AEV Recruit is a tough and capable Ram 1500, for a price
Fri, Apr 7 2017American Expedition Vehicles, or AEV, has been doing some wonderful things with Jeep and Ram trucks for the past 20 years. It's been the best source for the long-desired Jeep Wrangler pickup and for beefy overlanders like the Ram Prospector. The company's latest package, the Recruit, turns the already tough Ram 1500 into something that looks particularly fierce. Since it is an AEV product, you can be assured that it has the capabilities to back up the appearance. The Recruit package comes with a whole host of goodies like upgraded suspension and a huge snorkel. The AEV DualSport SE suspension uses Bilstein parts to increase wheel travel and adjust the suspension to balance on and off-road capabilities. The suspension, combined with the 35-inch tires, greatly increase the Recruit's ground clearance. A 4mm thick skid plate helps keep the engine from spilling its black, oily guts in the case that the increased height just isn't enough. A new hood provides better heat ventilation while a big, black filtered snorkel allows the Recruit to breathe easy, even if it's going for a swim. The AEV front bumper comes with Vision X fog lights and is capable of handling up to a 10,000 lbs winch. An optional Vision X LED light bar can provide even better visibility. Other optional features include a leather interior upgrade, a tonneau cover, retractable running boards, and a rear bumper step. All that kit doesn't come cheap. The Recruit starts at $14,950, and that doesn't include the price of the Ram 1500 that provides the canvas for AEV's artisans. Options can easily push the price to nearly $30,000. The good news is that AEV provides a 12 month, 12,000 mile warranty on their builds, so you're paying for quality from a company that stands behind its products. If you want a truck that's willing to go anywhere you want to push it, the new AEV Recruit is hard to beat. Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.























