Latest news with #STLA
Business Insider
3 days ago
- Automotive
- Business Insider
Here's Why Automakers Are Reviving Extended-Range EVs despite Initially Flopping
Major automakers are bringing back a type of hybrid vehicle that had mostly disappeared from the U.S. a few years ago. Known as extended-range electric vehicles (EREVs), these plug-in hybrids work mainly like electric vehicles (EVs) by using a battery-powered motor to drive. However, they also have a small gas engine that acts like a generator to recharge the battery when needed, which is different from regular hybrids, where the gas engine helps power the car directly. As a result, EREVs have bigger batteries and smaller gas engines that focus more on electric driving with gas as a backup. Confident Investing Starts Here: Interestingly, it is worth noting that earlier models, such as the Chevy Volt (GM) and BMW i3 (BAMXF), never sold well, and EREVs have mostly vanished after 2022. Nevertheless, Ram (STLA) is planning an EREV pickup truck in 2026 that can go up to 690 miles using both gas and electric power. Volkswagen (VWAGY), Jeep, and Nissan (NSANY) are also working on their own EREV models. These vehicles are useful for people who drive long distances or live in places without easy access to charging, which helps reduce range anxiety while keeping costs lower than full EVs. In fact, EREVs are cheaper to make than full EVs because they use smaller batteries and are less complex than regular plug-in hybrids. They also hold their value better than gas cars or full EVs, which lose most of their resale value within five years. In addition, sales of hybrids and plug-in hybrids are growing faster than fully electric cars, especially as more buyers focus on price and practicality. Therefore, EREVs may help more drivers transition to electric vehicles while avoiding issues like limited charging infrastructure or high upfront costs. Which Auto Stock Is the Better Buy? Turning to Wall Street, out of the stocks mentioned above, analysts think that STLA stock has the most room to run. In fact, STLA's average price target of $10.98 per share implies more than 8% upside potential. On the other hand, analysts expect the least from BAMXF stock, as its average price target of $92.82 equates to a gain of 5%.
Top Gear
3 days ago
- Automotive
- Top Gear
Here's your first look at the new sixth-gen Jeep Cherokee
The famous name is back for 2026 with a new face and a platform Turn on Javascript to see all the available pictures. Welcome to the new Jeep Cherokee, the sixth generation of a nameplate that stretches back to the early Seventies, revealed here ahead of a full launch later this year. It'll go on sale in 2026. It'll be underpinned by the STLA Large platform shared among other big-boned Stellantis SUVs. That architecture is built to accommodate multiple powertrains, ranging from pure ICE, to hybrid, to full-electric. Jeep hasn't said exactly what'll power the new Cherokee just yet, but there will be... power.
The Citizen
3 days ago
- Automotive
- The Citizen
Boxy and rugged returns as Jeep starts teasing all-new Cherokee
Sixth generation moves the STLA platform with a choice of electric, plug-in hybrid and combustion engine options, but seemingly no longer with right-hand-drive. Spied undergoing testing for the first time two months ago, Jeep has disclosed the first official teaser image of the all-new Cherokee ahead of its global unveiling later this year. New everything Set to become the sixth generation, and the first completely new iteration since the infamously panned fifth generation KL went on-sale 11 years ago, the newcomer dispenses with its predecessor's controversial styling for a boxier look and borrowed styling elements from the new Compass. ALSO READ: Next Jeep Cherokee makes debut spy shot appearance More squared off than the KL that rode on the Fiat-developed Compact Wide LWB 4×4 platform, the new Cherokee will reportedly ride on parent company Stellantis' STLA Large foundation and, as confirmed by Jeep, offer fully electric, plug-in hybrid and combustion engine options. Cherokee it is At the same time, it retains the Cherokee name after a much publicised backlash four years ago by the Cherokee National tribal group over alleged racism against the name first used on the original in 1974. 'The best way to honour us is to learn about our sovereign government, our role in this country, our history, culture and language and have meaningful dialogue with federally recognised tribes on cultural appropriateness,' head of the Cherokee Nationa, Chuck Hoskin, told Car and Driver at the time. The discontinued KL Cherokee received extensive backlash for not being a 'proper' Cherokee throughout its nine year production run. Image: Jeep In a statement shortly after, Jeep stated, 'Our vehicle names have been carefully chosen and nurtured over the years to honour and celebrate Native American people for their nobility, prowess and pride. 'We are, more than ever, committed to a respectful and open dialogue with Cherokee Principal Chief Chuck Hoskin Jr'. RHD off the table? Reportedly on track to be build at the Toluca Plant in Mexico instead of the Belvidere facility in Illinois where the final KL Cherokee departed from in 2023, the new Cherokee will enter production within the coming months and start arriving at dealership before the end of the year. According to a report by Australia's sales Down Under won't be taking place, suggesting right-hand-drive production has having been ruled-out entirely. The automaker's local arm did, however, approve the new Compass from 2026, which could also be the case for South Africa despite no official confirmation from Stellantis South Africa. As it stands, expect more teasers and an official date of reveal for the new Cherokee to emerge over the coming months. ALSO READ: Jeep boss confirms Cherokee's return in 2025 as a hybrid
Yahoo
4 days ago
- Automotive
- Yahoo
Stellantis to End In-Car Technology Partnership With Amazon
Stellantis N.V. STLA is reportedly winding down its collaboration with Amazon AMZN to create in-car software with connected products and services. The joint project, Stellantis SmartCockpit, was started three years ago as part of STLA's goal to generate $22.5 billion annually from software. The JV aimed to transform the driving experience by integrating sophisticated vehicle software enabling detection of the driver, personalization of the thermostat, navigation and other settings. Stellantis hoped this technology would enhance its competitiveness against software-focused rivals like Tesla. However, in the process, Stellantis faced the challenge of implementing software across 14 brands. Other traditional automakers have also struggled to add sophisticated software. It is reported that Amazon staff working on this project have either been reassigned or no longer with the company. The in-car software revenue strategy laid out by Stellantis included three key components, an electrical and software architecture system called Brain, a platform to deliver applications to the driver called STLA SmartCockpit and an automated driving platform called AutoDrive. While the partnership with Amazon on SmartCockpit is ending, Stellantis remains committed to the broader SmartCockpit concept and is now expected to pivot to a Google Android-based system for its future software interface. Having said that, STLA's relationship with AMZN is not fully ending. Stellantis will continue to use Amazon Web Services as its preferred cloud provider for vehicle platforms. Amazon Alexa voice assistant will still be available in Stellantis vehicles. Some other upcoming software-related projects announced by Stellantis are STLA Autodrive, an automated driving system for speeds up to 37mph, and an AI-driven project in partnership with Mistral AI to include an artificial intelligence-powered in-car assistant. STLA stock has lost 54.4% over the past year compared with the industry's 16.4% decline. Image Source: Zacks Investment Research STLA currently carries a Zacks Rank #5 (Strong Sell). Some better-ranked stocks in the Auto space are Rivian Automotive RIVN and Standard Motor Products SMP, each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. The Zacks Consensus Estimate for Rivian's current-year loss is pegged at $2.49 per share. The figure implies a 38.37% year-over-year increase. Its earnings beat the Zacks Consensus Estimate in two of the trailing four quarters while missing the rest. Rivian delivered an average earnings surprise of 10.81%. The Zacks Consensus Estimate for SMP's current-year earnings is pegged at $3.57 per share, indicating a 12.62% year-over-year earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with an average surprise of 38.55%. SMP's shares have gained 2.5% in the past year. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Inc. (AMZN) : Free Stock Analysis Report Standard Motor Products, Inc. (SMP) : Free Stock Analysis Report Stellantis N.V. (STLA) : Free Stock Analysis Report Rivian Automotive, Inc. (RIVN) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
4 days ago
- Automotive
- Yahoo
Alfa Romeo could postpone launch of new Stelvio SUV, sources say
MILAN (Reuters) -Alfa Romeo is set to postpone the launch of the new version of its Stelvio large SUV as it reassesses its strategies amid tepid demand for electric vehicles, two sources told Reuters on Thursday. The new Stelvio, which is due to be produced in Cassino, central Italy, will not start deliveries before September or October next year, one of the sources said. It was previously set to be unveiled later this year and sold in the first quarter of 2026. Alfa Romeo - part of the Stellantis group which also owns Fiat, Jeep and Peugeot - is developing a hybrid version of the model, which was initially planned to be sold only in full-electric (EV) guise, a second source said. The rescheduled launch could slow, at least in the short term, a wider plan to revive production and jobs in Italy that Stellantis presented to the Italian government at the end of last year. Stellantis on Wednesday appointed its North American chief Antonio Filosa as its new CEO. Earlier this month, the head of the automaker's European operations said the company was working on an update of the plan. Although the new Stelvio is based on Stellantis' multi-powertrain "STLA large" platform, it will take some time for the group to also develop its hybrid version, the second source said. Assessments of powertrain options are not currently affecting plans for the new version of Alfa Romeo's Giulia sport sedan, whose launch is foreseen for next year, the same source added. A spokesman for Stellantis said the revision of the group's plan for Italy "includes an expansion and reshaping of activities in the country, in light of current market conditions, uncertainties surrounding EU regulations, and the impact of tariffs". Demand for EVs is struggling to pick up in Europe and many expect the European Union could slow the shift towards electrification in the industry. In the U.S., which accounts for around 15% of Alfa Romeo's volumes, tariffs could impact sales of the brand's European-made cars. Stellantis earlier this year hired consultant McKinsey to advise on the effects of U.S. tariffs on Alfa Romeo and its Maserati luxury brand. 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
