2014 Ram 2500 Slt on 2040-cars

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Stellantis reports surprising 2020 results, is 'off to a flying start'

MILAN — 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.

2020 Ram 1500 EcoDiesel fuel economy numbers are right in the zone

Every new truck spec gets it own awards show nowadays. In this next envelope we have EPA fuel economy ratings for the 2020 Ram 1500 EcoDiesel — drumroll, please: 22 miles per gallon in the city, 32 mpg highway, 26 mpg combined for the 4x2 trim; 21 mpg city, 29 mpg highway, 24 mpg combined for the 4x4. As one would expect, the numbers plop the EcoDiesel in the middle of the pot with light-duty diesel versions of the 2020 Chevrolet Silverado 1500 and 2019 Ford F-150. In 4x2 guise, city mileage for the EcoDiesel ties the F-150 and is one mpg short of the Silverado, highway mileage rates two mpg more than the F-150 and one mpg short of the Silverado. In 4x4 trim, EcoDiesel city mpg is one mpg more than the F-150 and two mpg short of the Silverado, EcoDiesel highway number is four mpg more than the F-150 and ties the Silverado.    Of course, Ram would also like you to know that when it comes to output and carrying, the third-generation oil-burner tops the half-ton trio with 480 pound-feet of torque, 20 lb-ft more than the Silverado, and posts the highest tow rating at 12,560 pounds. Buyers who opt for the 4x2 diesel Ram and the 33-gallon tank will be able to travel the furthest, too, going beyond 1,000 miles before the fumes give out. Every trim gets the new EcoDiesel option for 2020, including the Ram Rebel for the first time. The 3.0-liter V6 is a $4,995 option, making it either $3,000 or $3,300 more than the 5.7-liter Hemi V8 eTorque trim depending. The EcoDiesel price ladder starts with the Tradesman Quad Cab at $36,890 plus a $1,695 destination charge, for $38,585 total. The 2019 Ram 1500 Classic will continue offering the second-generation 3.0-liter EcoDiesel, starting at the unchanged price of $40,835 for the Tradesman Crew Cab 4x2.

FCA is setting a five-year strategy: Here's how the last one played out

We're slightly more than four years removed from Sergio Marchionne last five-year plan for FCA, a tell-all where the Italian-American automaker divulged its plans for the 2014 through 2018 model years. It was a grand affair, where Sergio told FCA investors that all was right in Auburn Hills, Alfa Romeo and Maserati were making comebacks, and the fifth-gen Dodge Viper received a mid-cycle refresh. You can read every last one of those past predictions right here. We're on our way to Europe to see Sergio's sequel, coming out Friday straight from FCA's Italian headquarters. (Bloomberg reports a plan to expand Jeep and Ram globally, combine Alfa Romeo and Maserati into a single division for an eventual spinoff, and downsizing Fiat and Chrysler. Also, EVs.) But before we arrive in Italy and find out exactly what Marchionne has planned for 2019 through 2023 as his last act as CEO, let's take a minute to tally up the results of his last term based on the same scoresheet we used in 2014. Now, we're only five months into 2018, so much of this — including vehicles like the Ram HD and Jeep Grand Wagoneer — could still debut this year. For those, we'll mark things TBD. We're not going to draw any conclusions or make any objectionable remarks. We're simply going to let the stats speak for themselves.