Hints and tips:
...But Stellantis has strengths, not least a vibrant US operation, with the profitable RAM pick-up trucks and Jeep vehicles. Yet ultimately this is a tale of two cultures....
...Tavares, whose company owns the Jeep and Ram brands that compete directly with Ford and GM, said that slowing EV demand globally was due to high prices, but warned companies against cutting them on vehicles...
...But Fiat-Chrysler was larger, owned the highly profitable Jeep and Ram brands, and “could have negotiated a more balanced board composition”, said Chiaroni....
...The average price of a Stellantis vehicle, which includes the Ram and Dodge brands, in the US rose to $53,000, giving the North American division a margin of 16.4 per cent last year....
...That could change if the next round of strikes hits plants that manufacture more lucrative trucks such as Ford’s F-series, GM’s Chevrolet Silverado or Stellantis’s Ram, or if the union selects a facility...
...It will launch the first electric pick-up truck, a battery version of its best-selling Ram 1500, next year....
...Stellantis, which also has the Ram, Alfa Romeo and Peugeot brands, was formed last year by the merger of Fiat Chrysler and Peugeot owner PSA, and was initially slow to embrace electric vehicles....
...The company derives more sales from the US, where it is known for its Ram trucks and Chrysler cars, and Europe....
...Half of the sales from the Jeep and Ram owner in the US will be fully electric by the end of the decade, while upmarket brands Alfa Romeo and Maserati will only launch battery models after 2025, the company...
...Jeep, historically a major profit generator for Fiat Chrysler, promised to release a battery model in every segment by 2025, while its Ram brand will produce a fully electric pick-up truck in 2024....
...Ford, which competes directly with FCA’s brands such as Jeep and Ram, expects to lose half its production in the second quarter, in a setback that will cost the carmaker billions, while Renault has also...
...The Jeep- and Ram-owner suffered a global sales drop of 63 per cent to 424,000 vehicles, with revenues declining 56 per cent to €11.7bn, as the global pandemic hit consumer spending....
...The carmaker, which owns the Jeep and Ram brands, expects a “significant loss” in the second quarter, which will be the “worst quarter” in the year....
...The F-series comprised 29 per cent of US light truck sales in 2019, ahead of the Ram pick-up from Fiat Chrysler Automobiles and Chevrolet Silverado from General Motors, which had 20 and 18 per cent of the...
...FCA’s brands, including RAM, Jeep, Alfa Romeo and Maserati, have the growth prospects it needs. With two-thirds of its sales coming from North America, it will be a good fit....
...With a portfolio of brands covering the luxury, premium and mainstream passenger car segments, the new group’s marques will include Citroën, Opel and Vauxhall from PSA, with FCA contributing Jeep, Dodge...
...Its Ram pick-up trucks and sales of the new Jeep Gladiator — also a pick-up truck — boosted profits from North America to €1.6bn, a record for the quarter, in spite of a 12 per cent fall in deliveries to...
...FCA, with its North American-heavy RAM pick-up trucks, global Jeep brand, and Alfa Romeo and Maserati nameplates, offers all the growth prospects PSA needs....
...With a quick “Add to basket”, the decision to dodge the balloon payment and upgrade within Fiat Chrysler had been made....
...The company, which owns Jeep, Ram, Dodge, Alfa Romeo and Maserati, said the results were in line with its own expectations and maintained its annual profits forecasts of €6.7bn, figures it downgraded three...
...Sales across the Dodge, Chrysler, Fiat and Alfa Romeo brands also fell....
...FCA’s line-up of sport utility vehicles and pick-up trucks through the Jeep and Ram brands contrast with Renault’s slim selection of larger vehicles....
...Fiat Chrysler Automobiles will spend $4.5bn building a new plant in Michigan and extending two others to produce future Jeep models, in a boost to President Donald Trump’s ambition to revive the US motor...
...Its Ram pick-up trucks and sales of the new Jeep Gladiator boosted profits from North America to €1.6bn, a record for the quarter, in spite of a 12 per cent fall in deliveries to 596,000 as the company reduced...
...The company, which owns the Jeep, Fiat, Ram, Alfa Romeo and Maserati brands, had intended to remove the diesel option from its cars by 2022 as part of a plan that includes more investment in electric vehicles...
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