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Stellantis says its 2021 performance has been better than expected

MILAN — Stellantis softened up investors ahead of its electrification strategy event on Thursday by flagging that 2021 got off to a better-than-expected start despite a chip shortage that has hit automakers worldwide. Stellantis, which was formed in January from the merger of Italian-American automaker Fiat Chrysler and France's PSA, faces an investor community keen to hear how it plans to come up with a range of electrified vehicles (EVs) to rival Tesla. At its "EV Day 2021" kicking off at 1230 GMT, Stellantis will disclose significant investments in electrification technology and connected software as it aims to be an industry frontrunner, it said in a statement. In April, Chief Executive Carlos Tavares said it would offer low-emission versions — either battery or hybrid electric — of almost all of its European models by 2025, and they should make up 70% of European sales and 35% of U.S. sales by 2030. Stellantis, the world's fourth-biggest automaker, has 14 brands in its stable, including Jeep, Ram, Opel, Fiat, Peugeot and Maserati.   Stellantis EV Day coverage: Dodge will launch the 'world's first electric muscle car' in 2024 Fully electric Ram 1500 will begin production in 2024 Jeep will have 4xe plug-in hybrid models across the lineup by 2025 Stellantis teases mystery electric Chrysler concept Stellantis previews 4 electric platforms: Here's how they'll be used Fiat says all Abarth models to be electric from 2024 Opel Manta E will be the electric revival of the classic German coupe Stellantis says its 2021 performance has been better than expected   At a similar EV strategy event last week, French rival Renault announced that 90% of its main brand models would be all-electric by 2030, whereas previously it had included hybrids in its target. Germany's Volkswagen, the world's second-biggest automaker after Toyota, expects all-electric vehicles to make up 55% of its total sales in Europe by 2030, and more than 70% of sales at its Volkswagen brand. Stellantis said its margins on adjusted operating profits in the first half of 2021 were expected to exceed an annual target of between 5.5% and 7.5%, despite production losses due to a global shortage of semiconductor supplies. Stellantis shares listed in Milan were down 2.6% at 0920 GMT, underperforming the broader European car index. Bestinver analyst Marco Opipari said Thursday's news was positive but that the stock was suffering from profit taking as it had moved up about 20% since the end of April.

2022 GMC Sierra Denali Ultimate vs. 2022 Ram 1500 Limited Longhorn vs. Ford F-150 Limited | Luxury truck interior face-off

GMC's new uber-expensive 2022 Sierra Denali Ultimate is the latest luxury truck to nudge toward six-figure territory. With demand for upmarket half-tons surging, GMC's otherwise-solid pickup found itself in desperate need of an interior remodel. For 2022, we're getting just that, and it appears ready to take the fight to the segment's best, including the 2022 Ram 1500 Limited and 2022 Ford F-150 Limited. Here's the new Denali Ultimate interior in all of its full-grain, open-pore glory. 2022 GMC Sierra 1500 Denali Ultimate vs. 2021 GMC Denali  Not only did the material quality and styling both improve greatly, but the new truck also gets a completely different shifter setup (truck buyers don't like column shifters anymore, apparently). It would actually be difficult to overstate the quality of the upgrade here; the photos really speak for themselves. It's also worth noting that in addition to looking significantly more upscale than the model it's succeeding, the new Denali interior also differs a bit more from its Chevy counterpart than its predecessor did. Here's the new Silverado High Country for reference: While some elements do carry over, the entire dash design is different, down to the positioning of the heating and cooling vents. While the main HVAC controls are essentially carried over, note that they're pretty much the only ones. Even the horizontal bar of switches running along the center stack is positioned differently between the two. Yep. This is a pretty big upgrade over the 2021 cabin, and clearly the range-topper in GM's truck hierarchy. But what of the competition? 2022 GMC Sierra 1500 Denali Ultimate vs. 2022 Ram Limited Longhorn Southfork This one's tough. We're going to have to spend time in them back to back, but the Ram Limited, with its various anniversary editions and other special permutations, is certainly the interior to beat. To our eyes, the Sierra's more horizontal layout is a bit more modern and perhaps luxurious-looking than the more upright cabin treatment of the Ram, but it's tough to say for certain from photos. Both the Denali Ultimate and Ram Limited carry their upscale feel into their back benches too, which is something we can't say quite as confidently about our next contestant.  2022 GMC Sierra 1500 Denali Ultimate vs. 2021 Ford F-150 Limited The Ford F-150 Limited holds its own, but it's probably the least photogenic of the models we've looked at here, at least apart from the outgoing Denali.

2019 Ram 1500 Warlock is priced right and revives a retro name

Few car companies have a history as rich and fun as Mopar, and few companies take advantage of it like Fiat Chrysler. Bringing back fantastic colors such as Sublime, or exciting models such as Power Wagon, FCA is an ace at retro vehicles. Well, it is most of the time. Then there are things like the 2019 Ram 1500 Warlock. But before we dig into the new one, we need to talk about the original, which was a trim introduced in 1976 on Dodge's old full-size truck. It was part of a line of pre-customized Dodges called "Adult Toys" ( we're not making that up). The Macho Power Wagon was one of them, and the modern Power Wagon's stripes come from that truck. The Warlock was likewise a pre-customized truck that came with gold pinstripes, wheels and upholstery, bucket seats and oak bed rails. It was also available with a six- or eight-cylinder engine and two- or four-wheel drive. The new Warlock does fit some of the original's spirit, since it's customized from the factory. It has a one-inch lift over the stock truck, powder-coated bumpers, fender flares, 20-inch wheels and decals aplenty. It's even available with six or eight cylinders and rear- or four-wheel drive. But our two main problems are that this doesn't look any different than other special Ram models, and nothing about it references the old Warlock. As for the first problem, we've seen all the parts and most of the stickers on this truck before, especially on the Rebel that has the same lights, grille, bumpers and fender flares. And for the second, this was a big missed opportunity to try out some cool retro touches, such as the gold wheels and pinstripes. A custom interior would have been especially nice. The new Warlock has just the plain "Diesel Gray" interior found on most basic Rams. And this is all without something unique like the original's wood bed rails. There is an upside to all of this, though, and it's that the Warlock offers truck buyers a way to get a new Rebel-style Ram for a lot less than the real thing. The Rebel trim no longer exists on the Ram 1500 Classic (what the Warlock is based on), and it starts at $46,635. The Warlock starts at just $37,040 with two-wheel drive and the standard V6. Buyers can also add a V8 and four-wheel drive as options. So the Warlock isn't a great Warlock, but it's a solid budget Rebel. Related Video: