Dodge Ram Crew Cab Cummins Diesel 4x4 Custom New Lift Wheels Tires Low Miles Tow on 2040-cars

Auto blog

Stellantis reports $15B profit in first year of merger

FRANKFURT, Germany — Automaker Stellantis said Wednesday that it made 13.4 billion euros ($15.2 billion) in its first year after it was formed from the merger of Fiat Chrysler Automobiles and PSA Group. The earnings nearly tripled profits compared with its pre-merger existence as two separate companies, as the maker of Jeep, Opel and Peugeot vehicles exploited cost efficiencies from combining the businesses. The result compared to a combined 4.79 billion euros for the separate companies in 2020 before the merger, which took effect on Jan. 17, 2021. Revenue for the combined business rose 14%, to 152 billion euros. CEO Carlos Tavares said the results “prove that Stellantis is well positioned to deliver strong performance" and had overcome “intense headwinds” during the year. Automakers have struggled with shortages of key parts such as semiconductor electronic components and rising costs for raw materials as the global rebound from the worst of the coronavirus pandemic brings more demand. The company said the benefits of the merger were worth some 3.2 billion euros during the year. Mergers can lead to streamlined costs as companies combine functions and spread fixed costs over a larger revenue base. The company accelerated its rollout of battery-powered vehicles, with sales of low-emission vehicles reaching 388,000 — an increase of 160%. Stricter environmental regulations in Europe and China are pushing automakers to roll out more electric vehicles with longer range. Stellantis started production of a hydrogen fuel cell commercial van under its Opel brand in December. Stellantis' other brands include Chrysler, Citroen, DS, Fiat, Maserati, Ram and Vauxhall. Related video: Earnings/Financials Chrysler Dodge Ferrari Fiat Jeep RAM Citroen Opel Peugeot Vauxhall

2014 Ram Promaster pricing starts at $26,030*

Looking to get back into the thick of things in the commercial van market, Chrysler has set the pricing for the Fiat Ducato-based 2014 Ram Promaster. When it goes on sale by the end of this year, the new Promaster will have prices that range from $26,030 for the Promaster 3500 chassis cab cutaway with a 136-inch wheelbase and topping out at $36,150 for the long-wheelbase, high-roof 3500 cargo van (*prices don't include the $995 destination charge).
While pricing was released for a total of 14 build configurations (including the addition of a 2500 cargo van equipped with rear windows that was not previously announced last month), Chrysler has still not announced how much it will cost to get the optional combination of the EcoDiesel engine and the six-speed automated manual transmission and if it will be available in all styles. To see the full pricing breakdown for each Promaster model and body configuration, scroll down for Chrysler's official press release.

Ram adds 875,000 pickups to tailgate recall now totaling 2.4 million

DETROIT — Fiat Chrysler is adding more than 875,000 Ram pickup trucks worldwide to a series of recalls to fix tailgates that can open while the trucks are being driven. The expansion covers certain Ram 1500, 2500 and 3500 pickups from the 2013 through 2018 model years that have power locking tailgates. Affected 2015 through 2017 trucks have 8-foot beds, and the affected 2013, 2014 and 2018 trucks have beds of other sizes and were built before April 1, 2018. Fiat Chrysler says it's not aware of any injuries or accidents caused by the problem. The company recalled about 1.1 million trucks in the U.S. in 2018 for the same problem, and added 410,000 in May of 2019, for a total of more than 2.4 million. Most of the recalled trucks are in the U.S. and Canada. A tailgate tab can fracture and cause the tailgates to unlatch, increasing the risk of cargo spilling onto the road. Dealers will repair the tailgate latch. Owners of the latest batch of recalled trucks will get letters starting around Oct. 18 notifying them to take their trucks to a dealer for service. Fiat Chrysler says the recall expansions came because of reviews of customer data as it monitors vehicles in the field. The company says that all loose cargo in the bed should be secured before driving.