Latest news with #FiatChryslerAutomobiles
Yahoo
21-05-2025
- Automotive
- Yahoo
Stellantis Plans $388 Million Spare Parts Facility in Detroit
As legacy European automakers have been significantly hit by Trump's tariffs, Stellantis N.V. (NYSE:STLA) is finally attempting a bold move to potentially get ahead of its competition. The Netherlands-based company announced on Wednesday morning its plans to invest $388 million to build a spare parts plant in Detroit. The hub is expected to launch in 2027 in Van Buren Township, Michigan, and will support at least 488 union-represented jobs. A close-up view of a modern automobile with its sleek curves and luxurious body. The announcement comes weeks after STLA stock posted a multi-year low around "Liberation Day", as the new tariffs with the US created another major risk for European OEMs, which have already been disrupted by Chinese car makers. STLA sold more than 1.3 million cars to the US in 2024, which represents 23% of its total sales base. The new fab on US soil is likely to increase the company's immunity to tariffs and support its existing manufacturing base of 18 facilities in the US. By producing more spare parts directly in the US, STLA will decrease the portion of its supply chain that could potentially be subject to tariffs. After a challenging 2024 in which STLA stock lost more than half of its value amid intensifying competitive threats from Chinese brands, Stellantis N.V. (NYSE:STLA) is already outperforming the broad market since April, suggesting that management is taking the right strategic steps to protect its North American market. STLA was formed in 2021 through the merger of Fiat Chrysler Automobiles and France's PSA Group, and owns 14 iconic brands, including Jeep, Ram, Chrysler, Dodge, Fiat, Peugeot, and Maserati, among others. While we acknowledge the potential of STLA to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than STLA and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: and Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
USA Today
20-05-2025
- Automotive
- USA Today
Stellantis struggles to rebuild supplier trust despite legal win
Stellantis struggles to rebuild supplier trust despite legal win Show Caption Hide Caption Stellantis: The automaker's history, legacy Explore the history of Stellantis, the automotive giant formed in 2021 through the merger of Fiat Chrysler Automobiles and PSA Group. Stellantis ranked at the bottom of an annual survey of supplier relations. Toyota, Honda and General Motors saw their scores improve. Attorneys representing Stellantis were in a courtroom in Detroit earlier this month, arguing a case before the Michigan Court of Appeals. That hearing, involving the contract between the company's U.S. operating arm known as FCA US LLC and supplier Kamax, resulted in a decision that went in the automaker's favor. While it's not unusual for automakers to deal with lawsuits, industry watchers say it is unusual for automakers and their suppliers to engage in public fights. But it's not a new story for Stellantis, and the challenges the owner of the Jeep, Ram, Chrysler, Dodge and Fiat brands has had in dealing with its suppliers was on display again this week with the release of a supplier sentiment survey. Automaker advertising: Ford and Stellantis address tariff turmoil with bold 'made-in-America' ad campaigns Here again, Stellantis stood out, ranking last among the automakers surveyed in the 25th annual North American Automotive OEM-Supplier Working Relations Index Study from Plante Moran (OEM is an abbreviation used to refer to automakers as "original equipment manufacturers"). In order, from best to worst, Toyota, Honda and General Motors each saw their scores increase over last year, while Nissan, Ford and Stellantis saw their scores drop. Other automakers, including Tesla, don't participate. The order of rankings is unchanged from last year. Stellantis, however, has had the worst score since 2021 — the same year it was formed from the merger of Fiat Chrysler Automobiles and Peugeot maker PSA Group — and going back earlier, the automaker had the worst, next-to-worst or tied-for-worst score since 2008. This year's results also represent the largest gap since 2008 between the top automaker and the bottom one, according to Dave Andrea, principal in Plante Moran's Strategy and Automotive and Mobility Consulting Practice. The results are based on responses from 665 supplier executives from 398 Tier 1 suppliers at a time when the auto industry deals with volatility from changing market conditions and is now facing the uncertainty caused by tariffs. The companies that do well on the survey tend to be known for better communication, responsiveness and treating their suppliers like partners. 'The top three are doing the things better that enable suppliers to better control their costs, achieve equitable cost-sharing and better navigate uncertainty,' according to Angela Johnson, a principal in Plante Moran's Management Consulting, Supplier Relations Analytics. She said suppliers aren't expecting automakers to bear all the costs. Stellantis provided a statement through spokeswoman Jodi Tinson acknowledging that it has work to do: "Despite increasing our engagement activities with our suppliers since Stellantis was formed, we recognize that more work is needed to continue building trust. This remains a priority for Stellantis, and we will continue exploring strategic initiatives while working with our suppliers to focus on improving where it matters most." Regarding the Kamax suit, which stems from an Oakland County court case, the automaker said it was pleased 'a court has once again ruled that our purchase order contracts are enforceable requirements contracts. As we've stated in the past, it is never our intent to use the court system to resolve such disputes; however, certain situations unfortunately require it. Stellantis remains committed to working with our suppliers, so that we can continue to build the vehicles that our customers desire." The recent ruling from the Michigan Court of Appeals deals with Kamax's effort in 2023 and 2024 to push the automaker to renegotiate the prices it pays for automotive fasteners because, Kamax said, the costs to produce the parts had skyrocketed. Kamax later said it would stop deliveries but relented following a decision in Oakland County Circuit Court, and the case eventually made its way to the Court of Appeals. It's one of numerous court cases involving Stellantis and its suppliers in recent years. Detroit-based attorney Dan Rustmann, whose firm, Butzel, represents numerous suppliers, called litigation between suppliers and automakers very unusual and typically a last resort. Rustmann, who noted that he represents 'a lot of Tier 1 suppliers,' said that 'in my experience dealing with many different carmakers … anecdotally Stellantis has been the most difficult of any of the customers that I had to deal with on behalf of my clients.' In times of rising costs, for instance, some automakers are more willing than others to provide relief, he said. 'In my experience, Stellantis has not been so willing and that's why they're facing all this litigation and disruption from their supply chain,' he said. Rustmann said his firm's experience aligns closely with the results of the Plante Moran survey. Although Rustmann said he can't make a direct connection to the impact on the end product, meaning the vehicle that a consumer purchases, he said it's common sense to treat others fairly. 'When you treat a supplier poorly and beat them down and don't give them relief when they have a cost increase … you're not going to get the best (technology) from them,' he said. Contact Eric D. Lawrence: elawrence@ Become a subscriber. Submit a letter to the editor at
USA Today
18-05-2025
- Automotive
- USA Today
Dodge is pulling the plug on electric Charger Daytona R/T amid lackluster sales
Dodge is pulling the plug on electric Charger Daytona R/T amid lackluster sales Show Caption Hide Caption Stellantis: The automaker's history, legacy Explore the history of Stellantis, the automotive giant formed in 2021 through the merger of Fiat Chrysler Automobiles and PSA Group. Fewer than 2,000 electric Dodge Charger Daytonas sold in the United States in the first three months of 2025. Dodge will launch gas-powered Chargers later this year. Dodge is pulling the plug, so to speak, on its base model electric Charger Daytona, the R/T, as it deals with slow sales, but don't expect what appears to be a limited-edition run of vehicles to turn into collector's items, according to a key industry watcher. 'Rarity does not make a collectible. You need to have demand for it,' said Sam Fiorani, vice president of global vehicle forecasting for AutoForecast Solutions. 'You can't presume that this will be a Charger Daytona of 1970. They couldn't sell those originally and years later they were collectible.' Fiorani said it's risky to bet on a car of today becoming something that brings big dollars in the years to come, even when the numbers of those made and sold are relatively small. Still, Dodge will continue to offer the more powerful and expensive electric Charger Daytona Scat Pack for the upcoming model year, even as it prepares to launch several gas-powered versions. While it's not clear how many Dodge Charger Daytonas will be produced this year, so far the sales picture is showing a fairly light impact. Electric Charger sales – the company did not distinguish between versions – for the first three months of this year were at 1,947. Granted, they were just beginning to arrive in showrooms in January after months of delays. However, the automaker likely had higher hopes. Fiorani noted that he'd recently driven by a Dodge dealership and saw a row of Chargers waiting to be sold. In a statement, Dodge CEO Matt McAlear said 'production of the Dodge Charger Daytona R/T is postponed for the 2026 model year as we continue to assess the effects of U.S. tariff policies. The Charger's flexible, multi-energy STLA Large platform allows us to focus on the Charger Daytona Scat Pack's performance as the world's quickest and most powerful muscle car, add the new four-door model to the Charger mix for the 2026 model year and lean into the new Charger SIXPACK models that will launch in the second half of the year.' Sixpack refers to the engine, the inline-six Hurricane, which will come in 550-horsepower or 420-horsepower variants. The current electric Scat Pack promises a peak power base of 630 horsepower with a limited push-button burst to 670 horsepower called the Power Shot. The Dodge website lists the Scat Pack all-wheel drive with a starting price of $73,985, excluding destination charge. Adding gas-powered versions to the lineup is not a surprise, as Dodge had previously said that was the plan. However, the decision, reported earlier by to end the electric R/T's run so soon does highlight how the market has changed, both in terms of the slower adoption of electric vehicles and President Donald Trump's embrace of tariffs. The Charger Daytona is assembled at the Windsor Assembly Plant in Ontario, but the batteries initially were to come from South Korea. Fiorani offered some perspective on the potential tariff impact, however. 'Everybody is leaning on tariffs for every change in production or sales, whether real or not,' he said. Market realities are, however, what they are. 'The idea that an internal combustion engine version would hit the market better at the moment is a strong one,' according to Fiorani. 'Buyers haven't warmed up to EVs as a performance vehicle yet, especially since every EV is a performance model now.' Fiorani noted also that the company's planned shift in production volume toward the gas-powered Charger would also take the focus off the less expensive EV version – the R/T was listed with a starting price of $59,595, not counting destination. '(They) kind of want to focus on the vehicle that will make money versus the entry-level models that will sell on price,' Fiorani said. New car prices surge: Car-buying frenzy continues, pushing new vehicle prices higher The moves for Dodge follow news that Ram is also adjusting its electric plans. Crain's Detroit Business, citing a memo to suppliers, reported this week that the electric Ram 1500 REV would be delayed until summer 2027, a year later than what the automaker told the Free Press in January, and the extended range Ramcharger is being pushed from later this year to early next year. The company, in a statement provided by spokesman Nick Cappa, cited "slowing consumer demand for half-ton" battery electric pickups and noted that "we also are extending the quality validation period for the Range Extended Ram to support a successful launch and the highest build quality." Contact Eric D. Lawrence: elawrence@ Become a subscriber. Submit a letter to the editor at
USA Today
17-04-2025
- Automotive
- USA Today
Easter Jeep Safari 2025: Introducing 7 stunning Jeep concept vehicles you can't miss
Easter Jeep Safari 2025: Introducing 7 stunning Jeep concept vehicles you can't miss Show Caption Hide Caption Stellantis: The automaker's history, legacy Explore the history of Stellantis, the automotive giant formed in 2021 through the merger of Fiat Chrysler Automobiles and PSA Group. The Easter Jeep Safari is an annual off-roading celebration in Moab, Utah. The 2025 event is scheduled for April 12-20. Every year at about this time, the folks at Jeep get to show off their creative side with some off-roading concept vehicles that also double as eye candy. The occasion is the Easter Jeep Safari, now in its 59th year. It's a celebration of off-roading in Moab, Utah, said to attract more than 20,000 enthusiasts. This year, the dates are April 12-20. Seven wild Jeep concept vehicles have been created by the Stellantis brand this year. Here's how Jeep describes them: Reviving Jeep: New leadership and fresh lineup set the brand back on track Jeep Convoy Concept — Military-inspired, classic workhorse Jeep Gladiator. Jeep Bug Out 4xe Concept — Extended carbon-fiber Jeep Wrangler that "unites ultralight camping with overlanding." Jeep Rewind Concept — "Nostalgic take on a Jeep Wrangler that gives all the feels of an era when loud neon colors were all the rage." Jeep Wrangler 4xe Blueprint Concept — "Rolling catalog of nearly 40 factory-tested and factory-backed items." Jeep Wrangler 4xe Sunchaser Concept — Features a "striking" solar flash and satin black two-tone exterior. Jeep Gladiator High Top Honcho Concept — Heritage-inspired truck popularized in the mid-1970s. Jeep J6 Honcho Concept — Mixes the late-1970s Jeep Honcho theme with concept and production Jeep Performance Parts and accessories from Mopar. The vehicles are scheduled to be on display April 17 and 18 at Walker Drug in Utah, where a Jeep consumer display is planned as well during the week of April 14-18. Contact Eric D. Lawrence: elawrence@ Become a subscriber. Submit a letter to the editor at
Yahoo
04-03-2025
- Automotive
- Yahoo
2020 Alfa Romeo 4C Spider 33 Stradale Tributo #33 On Bring A Trailer
⚡️ Read the full article on Motorious An exceptionally rare 2020 Alfa Romeo 4C Spider 33 Stradale Tributo, the final of just 33 units built for the North American market, has surfaced for sale with only 396 miles on the odometer. The limited-production model was designed to pay homage to the iconic 1967 Alfa Romeo 33 Stradale while marking the end of 4C production. Originally allocated to a Fiat Chrysler Automobiles executive and later registered to a board member, the car changed hands in 2021. The current seller has added approximately 125 miles to the ultra-low-mileage sports car, which remains in pristine condition. Finished in Rosso Villa d'Este tri-coat, the 4C Spider 33 Stradale Tributo boasts a striking red-finished carbon-fiber monocoque chassis. The exterior is complemented by gold five-hole alloy wheels, carbon-fiber trim, a piano black rear diffuser, and a removable fabric soft top. The race-tuned suspension, Akrapovič exhaust system, and Brembo brakes further enhance the performance-focused package. Inside, the cockpit is adorned with tobacco leather sport seats featuring black Alcantara inserts, contrast stitching, and a serialized plaque identifying the car as #33 of 33. The driver-centric layout includes a flat-bottom leather-wrapped steering wheel, paddle shifters, and a digital TFT gauge cluster. Modern amenities such as air conditioning, keyless entry, power windows, and an Alpine premium sound system with Bluetooth connectivity add to the package. Under the hood, the mid-mounted 1.7-liter turbocharged inline-four engine produces 237 horsepower and 258 lb-ft of torque, sending power to the rear wheels through a six-speed dual-clutch automatic transaxle. Weighing just over 2,400 pounds, the lightweight Alfa delivers an exhilarating driving experience. This collector-grade 4C Spider is offered with Alfa Romeo-branded accessories, a commemorative book detailing the history of the 4C, a car cover, a battery tender, and two key fobs. With its rarity, meticulous preservation, and direct connection to Alfa Romeo's racing heritage, this final-edition 4C is poised to attract serious collectors and enthusiasts alike.
