2001 Dodge Neon Se Sedan 4-door 2.0l on 2040-cars

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EV cost burden pushing automakers to their limits, says Stellantis' CEO Tavares

DETROIT — Stellantis CEO Carlos Tavares said external pressure on automakers to quickly shift to electric vehicles potentially threatens jobs and vehicle quality as producers struggle with EVs' higher costs. Governments and investors want car manufacturers to speed up the transition to electric vehicles, but the costs are "beyond the limits" of what the auto industry can sustain, Tavares said in an interview at the Reuters Next conference released Wednesday. "What has been decided is to impose on the automotive industry electrification that brings 50% additional costs against a conventional vehicle," he said. "There is no way we can transfer 50% of additional costs to the final consumer because most parts of the middle class will not be able to pay." Automakers could charge higher prices and sell fewer cars, or accept lower profit margins, Tavares said. Those paths both lead to cutbacks. Union leaders in Europe and North America have warned tens of thousands of jobs could be lost. Automakers need time for testing and ensuring that new technology will work, Tavares said. Pushing to speed that process up "is just going to be counter productive. It will lead to quality problems. It will lead to all sorts of problems," he said. Tavares said Stellantis is aiming to avoid cuts by boosting productivity at a pace far faster than industry norm. "Over the next five years we have to digest 10% productivity a year ... in an industry which is used to delivering 2 to 3% productivity" improvement, he said. "The future will tell us who is going to be able to digest this, and who will fail," Tavares said. "We are putting the industry on the limits." Electric vehicle costs are expected to fall, and analysts project that battery electric vehicles and combustion vehicles could reach cost parity during the second half of this decade. Like other automakers that earn profits from combustion vehicles, Stellantis is under pressure from both establishment automakers such as GM, Ford, VW and Hyundai, as well as start-ups such as Tesla and Rivian. The latter electric vehicle companies are far smaller in terms of vehicle sales and employment. But investors have given Tesla and Rivian higher market valuations than the owner of the highly profitable Jeep and Ram brands. That investor pressure is compounded by government policies aimed at cutting greenhouse gas emissions. The European Union, California and other jurisdictions have set goals to end sales of combustion vehicles by 2035.

Dodge Demon gets official insurance from Hagerty

Hagerty Insurance has been covering enthusiast and classic cars for years, and now it will be offering special policies just for 2018 Dodge Challenger SRT Demon owners – all 3,000 of them in the US and 300 in Canada, if they want. The big advantage to the Hagerty policies will be the Guaranteed Value coverage. Demon owners won't have to haggle about what the car's worth; Hagerty will set the value at the time the policy is issued, so there's no question about coverage should an owner total a Demon. Trust us: At least one owner will total a Demon, and that's a very conservative estimate. Dodge seems to be happy about the arrangement. Tim Kuniskis, who heads up the North American passenger car brands division, said in a statement that, "We didn't build the Demon to be a halo car that never sees the light of day – we want to make sure that Demon owners have access to the insurance they need to get these cars out on the street, for all the Dodge/SRT enthusiasts to see and appreciate their performance." Ordered a Demon and interested in coverage? There's a dedicated hotline for Demon owners at (844) 840-8733, or you can visit Hagerty's site and start a quote online. You're probably wondering if any of these policies will cover you at the strip. So are we. We're asking Hagerty and will fill you in when we have information. Related Video:

Here's how to build the Hellcat-powered Dodge Magnum/Charger widebody wagon of your dreams

Dodge would undoubtedly offer a fire-breathing, Hellcat-powered variant of the Magnum if the model was still in production. It retired in 2008, and it's not coming back anytime soon, so Las Vegas-based tuner Jaye Fab is taking the matter into its own hands. It's developing a conversion kit that transforms an unsuspecting Magnum into a wide-bodied Charger wagon, and it plans to make it available to the public in the near future. If the name Jaye Fab sounds familiar, it's likely because it already made headlines in 2015 when it grafted the front end of a Charger onto a Magnum, gave the wagon a coat of can't-miss-it red paint, and drove it to SEMA. Its latest project takes the concept of a modern-day Dodge wagon a step further with a full body kit that includes wide fender flares and side skirts, among other add-ons. It's a work in progress, but we can already tell it's going to turn more than a few heads when it's finished. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. We don't know which engine the donor Magnum was powered by when it drove into Jaye Fab's shop. What's more interesting is the one it will leave with: a supercharged 6.2-liter Hellcat V8 from a Charger. The eight-cylinder develops 707 horsepower and 650 pound-feet of torque in its standard configuration, and we wouldn't be surprised if it picks up a few additional horses before Jaye Fab lets it loose on the streets of Las Vegas. The firm has done a stellar job at documenting the build on its Instagram account, and AutoEvolution learned it plans to make the kit available to Magnum owners who want a more modern-looking front end in the not-too-distant future. The mighty Hellcat V8 isn't included, but Mopar sells crate engines in search for tires to roast.