2011 Jeep Wrangler Unlimited Sahara Hard Navigation Lifted!! Must See!!! on 2040-cars

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Stellantis reports surprising 2020 results, is 'off to a flying start'

MILAN — Low global car inventories and cost cuts should boost Stellantis's profit margins this year, though a shortage of semiconductors and investments in electric vehicles could weigh on results, the newly-formed automaker said on Wednesday. The forecast came as Stellantis, created by the January merger of Peugeot-maker PSA and Fiat Chrysler (FCA), reported better-than-expected results for 2020 that sent its shares up around 3% in morning trading. "Stellantis gets off to a flying start and is fully focused on achieving the full promised synergies (from the merger)," Chief Executive Carlos Tavares said in a statement. Stellantis is the world's fourth largest carmaker, with 14 brands including Fiat, Peugeot, Opel, Jeep, Ram and Maserati. It said 2021 results should be helped by three new high-margin Jeep vehicles in North America and a strong pricing environment there. The U.S. market has driven profits for years at FCA and starts off as the strongest part of Stellantis. The group's guidance assumes no more significant lockdowns caused by the global COVID-19 pandemic, which shuttered auto plants around the world last spring. Stellantis should also get a lift as its starts to implement a plan aimed at delivering over 5 billion euros a year in savings, without closing any plants. Tavares has also pledged not to cut jobs. But a pandemic-related global shortage of semiconductors, used for everything from maximizing engine fuel economy to driver-assistance features, could hurt business. Auto industry executives have said the shortage should ease by the second half of 2021. Stellantis said its "electrification offensive" could also weigh on results this year. Automakers are racing to develop electric vehicles to meet tighter CO2 emissions targets in Europe and this week Volvo joined a growing number of carmakers aiming for a fully-electric line-up by 2030. Stellantis plans to have fully-electric or hybrid versions of all of its vehicles available in Europe by 2025, broadly in line with plans at top rivals such as Volkswagen and Renault-Nissan, although Stellantis has further to go to meet that goal. The carmaker is targeting an adjusted operating profit margin of 5.5%-7.5% this year. That compares with a 5.3% aggregated margin last year: 4.3% at FCA and 7.1% at PSA excluding a controlling stake in parts maker Faurecia, which is set to be spun-off from Stellantis shortly.

Stellantis won't race to split electric vehicles from fossil fuel cars

MILAN - Stellantis is not considering splitting its electric vehicle (EV) business from its legacy combustion engine operation, its finance chief said on Thursday, as the carmaker presented above-expectation revenue data for the first quarter. Chief Financial Officer Richard Palmer told analysts he did not see huge benefits in the kind of separations pursued by rivals such as France's Renault and U.S. Ford. "We need to manage the company and the assets we have through this transition," he said. "There are benefits to having the cash flow being generated by the internal combustion business for the investments we need to make." Palmer said the group, formed by a merger last year of Fiat Chrysler and Peugeot maker PSA, was not averse to considering adjusting its structure "but we aren't anticipating any big changes." Palmer's comments came after the world's fourth largest carmaker said its net revenue rose 12% to 41.5 billion euros ($44.1 billion) in the January-March period, as strong pricing and the type of vehicles sold helped offset the impact of the semiconductor shortage on volumes. That topped analyst expectations of 36.9 billion euros, according to a Reuters poll. Milan-listed shares were up 0.5% by 1415 GMT, in line with Italy's blue-chip index. The impact of the chip crunch was evident in the decline in shipment figures which fell 12% in the quarter to 1.374 million vehicles. It was a similar story for Germany's BMW which posted higher revenues on Thursday and a decline in car sales. Riding the Recovery Stellantis, whose brands also include Citroen, Jeep and Maserati, confirmed its 2022 forecasts for a double-digit adjusted operating income margin, after 11.8% last year, and a positive cash-flow despite supply and inflationary headwinds. Morgan Stanley analysts said after the results that Stellantis had better management than many peers and benefited from its significant exposure to a stronger U.S. economy and a European recovery from the COVID-19 pandemic. They also said it was less affected by a slowing Chinese economy. Palmer said it was important for the group to maintain double-digit margins and keep delivering positive cash flows. "A 12% increase in revenue with a 12% decrease in volumes indicates a very strong performance on price and mix, which augurs well for our margin performance," he said. He said semiconductor supply problems were expected to ease this year with continued improvements in 2023.

It lives! Our first glimpse of the Jeep Wrangler pickup

Okay, it's real now. We've been hearing rumors for years, and Jeep officials have confirmed a pickup will be added to the next-gen Wrangler lineup, but now we have our first photographic evidence of the long-awaited variant. It looks huge, and we're totally okay with that. These photos show a very-long-wheelbase Wrangler with a decent-size pickup bed. It looks to be about the same overall size as the AEV Brute Double Cab Wrangler pickup conversion, which itself is about the length of a Suburban. The bed appears to be in the five-foot range, maybe slightly shorter than the standard box of a half-ton truck. And those taillights, or at lest the covers on them, recall the shape of the lights on a Ram. These overhead shots also give a better look at the next Wrangler's evolved seven-slot grille. We see bigger spacing between thinner ribs, which would seem antithetical to the goal of improving the Wrangler's traditionally poor aerodynamics. It's possible FCA is using an air shutter to manage airflow, as it does on the Ram pickups and some other products. Related Gallery 2018 Jeep Wrangler Detailed Spy Photos View 18 Photos To recap what we know about the next Wrangler: It's expected to offer a gas V6 once again, as well as a turbocharged four-cylinder nicknamed Hurricane and an EcoDiesel-branded diesel engine. There have also been rumors of a hybrid powertrain. We don't yet know how many of those engines will make it to the pickup, but at least one gas engine and the diesel are safe bets. People love the idea of diesel Jeep pickups. We also know from interior spy photos that at least some of those new powertrains will use an eight-speed automatic. That, the modern engines, and improved aero will help the Wrangler be more efficient while still retaining much of its rugged, blocky look. The two- and four-door Wranglers are expected for the 2018 model year, with the pickup following for 2018 or 2019. Related Video: