2024 Ram 2500 Laramie on 2040-cars

Auto blog

Stellantis says its 2021 performance has been better than expected

MILAN — Stellantis softened up investors ahead of its electrification strategy event on Thursday by flagging that 2021 got off to a better-than-expected start despite a chip shortage that has hit automakers worldwide. Stellantis, which was formed in January from the merger of Italian-American automaker Fiat Chrysler and France's PSA, faces an investor community keen to hear how it plans to come up with a range of electrified vehicles (EVs) to rival Tesla. At its "EV Day 2021" kicking off at 1230 GMT, Stellantis will disclose significant investments in electrification technology and connected software as it aims to be an industry frontrunner, it said in a statement. In April, Chief Executive Carlos Tavares said it would offer low-emission versions — either battery or hybrid electric — of almost all of its European models by 2025, and they should make up 70% of European sales and 35% of U.S. sales by 2030. Stellantis, the world's fourth-biggest automaker, has 14 brands in its stable, including Jeep, Ram, Opel, Fiat, Peugeot and Maserati.   Stellantis EV Day coverage: Dodge will launch the 'world's first electric muscle car' in 2024 Fully electric Ram 1500 will begin production in 2024 Jeep will have 4xe plug-in hybrid models across the lineup by 2025 Stellantis teases mystery electric Chrysler concept Stellantis previews 4 electric platforms: Here's how they'll be used Fiat says all Abarth models to be electric from 2024 Opel Manta E will be the electric revival of the classic German coupe Stellantis says its 2021 performance has been better than expected   At a similar EV strategy event last week, French rival Renault announced that 90% of its main brand models would be all-electric by 2030, whereas previously it had included hybrids in its target. Germany's Volkswagen, the world's second-biggest automaker after Toyota, expects all-electric vehicles to make up 55% of its total sales in Europe by 2030, and more than 70% of sales at its Volkswagen brand. Stellantis said its margins on adjusted operating profits in the first half of 2021 were expected to exceed an annual target of between 5.5% and 7.5%, despite production losses due to a global shortage of semiconductor supplies. Stellantis shares listed in Milan were down 2.6% at 0920 GMT, underperforming the broader European car index. Bestinver analyst Marco Opipari said Thursday's news was positive but that the stock was suffering from profit taking as it had moved up about 20% since the end of April.

Fiat Chrysler posts record Q3 profit thanks to U.S. trucks and Jeep

MILAN — A rebound in car production in Fiat Chrysler on Wednesday reported record third-quarter earnings as production returned to nearly pre-pandemic levels. The Italian-American automaker, which is finalizing its full merger with French rival PSA Peugeot, reported a net profit in the three months ending Sept. 30 of $1.4 billion (1.2 billion euros). That compares with a loss of 179 million euros a year earlier. The carmaker reported adjusted earnings before tax and interest in North America of 2.5 billion euros. That offset deepening losses in Europe, Asia and at its Maserati luxury marquee. Latin America, the only other region to post a profit, saw it narrow by two-thirds to 46 million euros. “Our record results were driven by our teamÂ’s tremendous performance in North America,” CEO Mike Manley said in a statement. Overall, the carmaker said global earnings before tax and interest were a record 2.3 billion euros despite a 6% fall in revenues to 26 billion euros. Global shipments were down 3%, due largely to plant retooling in North American to produce the new Jeep Grand Wagoneer in the luxury SUV segment and the discontinuation of the Dodge Grand Caravan classic minivan. Fiat Chrysler announced earlier Wednesday that its merger with PSA Peugeot is on track to be finalized by the end of the first quarter of 2021, as planned. To meet regulatory concerns, the French carmaker is selling a small stake in a components maker to get below 40% ownership. The new automaker, to be called Stellantis, will be the fourth biggest producer in the world. Earnings/Financials Chrysler Dodge Fiat Jeep RAM Citroen Peugeot

Raminator sets world record for fastest monster truck [w/video]

Monster trucks are made for a lot of things: crushing jalopies, jumping over jalopies, wowing spectators while crushing and jumping over jalopies, and so on. But powerful as they tend to be, monster trucks are not built for outright speed. Still, one has to be faster than another, and as it turns out, Raminator is the fastest of them all. Alongside Rammunition and the new Mopar Muscle, Raminator is one of three Ram-based monster trucks run by the Hall Brothers Racing Team with support from Chrysler. It's been named Truck of the Year by the Monster Truck Racing Association a record eight times, its driver Mark Hall has been named the association's Driver of the Year nine times and its crew chief Tim Hall its Mechanic of the Year five times. And now Raminator and the Hall Brothers have claimed the Guinness World Record for the fastest monster truck, recording a top speed of 99.10 miles per hour to break the previous record of 96.8 mph. The record was set at the Circuit of the Americas, the 3.4-mile track built on the outskirts of Austin, Texas, to host the United States Grand Prix. Aside from Formula One, the track has hosted endurance racing, touring cars and motorbikes, and while Raminator may not be the fastest vehicle ever to lap the circuit, it's surely one of the biggest. Scope out the video from the record run below. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Raminator Monster Truck and Hall Brothers Racing Team Shatter Guinness World Records® Record: Fastest Speed for a Monster Truck America's fastest growing truck brand breaks speed record for monster trucks at Circuit of the Americas in Austin, Texas December 15, 2014 , Auburn Hills, Mich. - Raminator, a monster truck sponsored by the Ram Truck brand, has broken the Guinness World Records® record for the "Fastest Speed for a Monster Truck" at Circuit of The Americas in Austin, Texas. Hitting a new record speed of 99.10 miles per hour (mph), Raminator and driver Mark Hall secured the Guinness World Records title at 8:44 a.m. (CT), breaking the previous record of 96.8 mph. As the fastest growing truck brand in America, the Ram Truck brand is a long time sponsor of the fastest Monster Truck, the Raminator. The Ram-sponsored monster truck lineup includes the 2014 Monster Truck Nationals Champion Raminator and Rammunition, sponsored since 2002. In 2014, Mopar also introduced Mopar Muscle; the monster truck it sponsors.