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Stellantis financial report

Posted By: 360view

Stellantis financial report - 02/15/24 10:56 PM

https://www.arcamax.com/business/businessnews/s-3116621

Better than GM or Ford

$13,860 profit-sharing payment to United Auto Workers-represented employees.
Posted By: IMGTX

Re: Stellantis financial report - 02/16/24 12:33 AM

I think sales were good because everyone heard of the demise of the Hemi and bought high power / high dollar cars.

Without a good item to sell next year, besides the trucks and Jeeps, I am not sure that the sales will be so spectacular.

I personally don't see a good item for sale next year that the American public will want. That is the problem with a foreign country trying to market to Americans. They think Americans want the stuff Europeans buy. I don't think most Europeans want the stuff they sell over there but that is all they sell so they are stuck with it, laugh2
Posted By: 69Cuda340S

Re: Stellantis financial report - 02/16/24 04:06 AM

Originally Posted by IMGTX
I think sales were good because everyone heard of the demise of the Hemi and bought high power / high dollar cars.

Without a good item to sell next year, besides the trucks and Jeeps, I am not sure that the sales will be so spectacular.

I personally don't see a good item for sale next year that the American public will want. That is the problem with a foreign country trying to market to Americans. They think Americans want the stuff Europeans buy. I don't think most Europeans want the stuff they sell over there but that is all they sell so they are stuck with it, laugh2


Guy I know is general manager at large dodge jeep dealer is expecting the demise the hemi engine and lack luster line up he is expected very poor sales.

Recent article online says 470 days supply of chargers and challengers and dealers don't want to discount much because nothing is available to back fill once they all get sold.

But the Hemi cash cow was great while it lasted.
Posted By: 360view

Re: Stellantis financial report - 02/16/24 09:44 AM

The 5.7 V8 deserves some good “celebration” articles from automotive journalists that us “gearheads” can argue over.

That might seem selfish, but who knows what young person might read it and go on to further advance the art.
Posted By: bee1971

Re: Stellantis financial report - 02/16/24 01:52 PM

That’s OK - They have the OVERPRICED Dodge Hornet to keep the Hemis in check moving forward

https://www.youtube.com/watch?v=oXXLjBVUSw8
Posted By: 5thAve

Re: Stellantis financial report - 02/16/24 02:16 PM

Originally Posted by IMGTX
I think sales were good because everyone heard of the demise of the Hemi and bought high power / high dollar cars.

Without a good item to sell next year, besides the trucks and Jeeps, I am not sure that the sales will be so spectacular.

I personally don't see a good item for sale next year that the American public will want. That is the problem with a foreign country trying to market to Americans. They think Americans want the stuff Europeans buy. I don't think most Europeans want the stuff they sell over there but that is all they sell so they are stuck with it, laugh2


They did good with the RWD cars and trucks as far as making things people want. I liked the Journey I had as a rental several years back and would have gotten one if that's the kind if vehicle I wanted (we mainly have cars and full size SUVs in our driveway). But I agree. It's OK to push some foreign type cars because there is a market but they need to stay hands off for stuff truly designed to sell here.
Posted By: migsBIG

Re: Stellantis financial report - 02/16/24 05:44 PM

Originally Posted by bee1971
That’s OK - They have the OVERPRICED Dodge Hornet to keep the Hemis in check moving forward

https://www.youtube.com/watch?v=oXXLjBVUSw8



what a boring looking sh__tbox. Wonder if they figured out how to keep the engines from blowing up yet? Been alot of talk on that from last year. I Sure all The Demon owners and SRT Charger guys are lining up to trade in their cars for the Hornet.
laugh2
Posted By: oldjonny

Re: Stellantis financial report - 02/16/24 06:20 PM

Its very small for the market sector. I looked at one. Interior wise, its about as small as my DD Pontiac Vibe.
Posted By: Not_A_Duster

Re: Stellantis financial report - 02/17/24 02:42 PM

I think after 40 years of “nothing but Mopar” I’m officially done.

They offer nothing of interest to wifey & I for our next daily driver, so we are for the first time looking elsewhere.

And the lack of a V8 Ram means we will be doing something different for our business shop truck next year as well….
Posted By: Sniper

Re: Stellantis financial report - 02/17/24 05:49 PM

Originally Posted by Not_A_Duster
I think after 40 years of “nothing but Mopar” I’m officially done.

They offer nothing of interest to wifey & I for our next daily driver, so we are for the first time looking elsewhere.

And the lack of a V8 Ram means we will be doing something different for our business shop truck next year as well….


If you think a V8 is going to be an option in other trucks, it won't be for long. At least for half tons anyway. My new brand C work truck has a turbo 4 and it gets along as well as the 6.0 the 3/4 ton had before it. Only thing I dislike, well specific to the 4, is the turbo whine, makes it sound like an 18 wheeler. This ain't my first turbo motor, but it is the first to be noisy like that.
Posted By: Dart 500

Re: Stellantis financial report - 02/17/24 06:29 PM

They made money but it was at great expense. They sold half the vehicles as usual but they had 50% higher prices. Sounds good right - not really. They invoice the dealer once it rolls off the line, so its not really sold yet and we just saw how many of these vehicles are starting to pile up. Now the lines are going to have to stop or slow down. The places they build these factories dont give millions in tax breaks for them to play games like that - they are meant to keep the lines running and employ people. This is like them saying its all good, they made 5 billion dollars - but they only sold 5 cars for 1 billion each. Its not how it works. Mark my words, new CEO inbound
Posted By: Not_A_Duster

Re: Stellantis financial report - 02/18/24 03:59 AM

Originally Posted by Sniper


If you think a V8 is going to be an option in other trucks, it won't be for long. At least for half tons anyway. My new brand C work truck has a turbo 4 and it gets along as well as the 6.0 the 3/4 ton had before it. Only thing I dislike, well specific to the 4, is the turbo whine, makes it sound like an 18 wheeler. This ain't my first turbo motor, but it is the first to be noisy like that.


Actually, GM has developed a new small block V8 specifically for light trucks because they understand the need for cargo/towing capacity.

https://www.hagerty.com/media/opinion/gms-new-v-8-workhorses-are-vital-to-the-ev-transformation/

I don’t want the high operational costs associated with turbos eating away our bottom line.

Posted By: Sniper

Re: Stellantis financial report - 02/18/24 11:26 AM

Originally Posted by Not_A_Duster
Originally Posted by Sniper


If you think a V8 is going to be an option in other trucks, it won't be for long. At least for half tons anyway. My new brand C work truck has a turbo 4 and it gets along as well as the 6.0 the 3/4 ton had before it. Only thing I dislike, well specific to the 4, is the turbo whine, makes it sound like an 18 wheeler. This ain't my first turbo motor, but it is the first to be noisy like that.


Actually, GM has developed a new small block V8 specifically for light trucks because they understand the need for cargo/towing capacity.

https://www.hagerty.com/media/opinion/gms-new-v-8-workhorses-are-vital-to-the-ev-transformation/

I don’t want the high operational costs associated with turbos eating away our bottom line.



A fairly useless article. No mention of what they might be going into. Such as 3/4 tons and larger perhaps? Which would match my claim. Not too much serious towing being done by half tons, mostly they are show poodles.
Posted By: Not_A_Duster

Re: Stellantis financial report - 02/18/24 02:06 PM

Originally Posted by Sniper


A fairly useless article. No mention of what they might be going into. Such as 3/4 tons and larger perhaps? Which would match my claim. Not too much serious towing being done by half tons, mostly they are show poodles.


There are several other articles detailing the new GM V8 if you don't like that one....all of which claim it's destined for light truck and SUV use. You can choose to accept or deny whatever you want from them.

https://www.motortrend.com/news/v-8-not-dead-gm-confirms-new-sixth-gen-small-block/

https://www.roadandtrack.com/news/a42618499/gm-gen-vi-small-block/

https://driving.ca/auto-news/indust...mall-block-v8-gas-engine-billion-dollars

Reality in this part of the world is that visiting dealerships over the past few weeks, GM & Ford dealers both had naturally aspirated V8s in the vast majority of their full size trucks on the lot, (including half tons & SUVs) and were confident that they would continue to do so for at least the next few years. I will choose to spend my money accordingly.
Posted By: 360view

Re: Stellantis financial report - 02/19/24 09:45 AM

Very basic question - is an I6 or V8 better given today’s level of IC engine knowledge.

Will it cost less if made in Mexico (Satillo) ?

GM culture versus Peugeot culture?

10 years from now we will know.
Posted By: 360view

Re: Stellantis financial report - 02/21/24 09:45 AM

https://www.arcamax.com/business/businessnews/s-3124799

sample quote

"My only option is to go head-on and that's what we are doing," he said, pointing to the Citroën ë-C3, a small EV hatchback produced in Slovakia for Europe from one of Stellantis' French brands. The model starts at about $21,600 (19,990 euro).

Stellantis will seek to achieve a $25,000 EV vehicle in the U.S. market, though Tavares didn't provide a timeline for that. It's been made more challenging because Americans prefer larger vehicles that would require a larger battery pack, the most expensive part of an EV, for desirable ranges. He said there will have to be changes in supply chains, including using more suppliers in low-cost countries. The United States isn't a low-cost country.

end quote
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