China prepares to buy Stellantis' iconic brands as Profits and sales CRASH

China prepares to buy Stellantis' iconic brands as Profits and sales CRASH
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[@electricviking]

The best solar company in Australia just installed my new solar system. Check them out here: www.resinc.com.au/electricviking

[@tismin2001]

I manage a stellantis dealership. By far this is the worst I've ever seen, lying, holding seperate meetings with dealerships, trying to get dealers to order more cars by giving empty promises.

[@manu.yt25]

Makes sense, that's why they're trying to get rid of dealerships and sell directly like Tesla to cut the middle men...

[@RedBatteryHead]

I believe you. Two face Stavares on the move. It's getting the worst car company. Such a shame of the brands they bought.

[@diegoharo7943]

Why did you “dealerships” do such high mark ups

[@tismin2001]

@@diegoharo7943 My store was one of the select few that didn't charge over MSRP or dealer add ons, which in some cases was tough because at the time it could take 8 months to a year just to get certain vehicles in. Can't speak for others of course

[@davidhunternyc1]

FIRE Stellantis CEO, Carlos Tavares !!! NOW !!! Tavares made $39 million in 2023 !!! Why? CEOs are to be rewarded when companies are making profits, not going bankrupt !!! Firing working and buying back stocks isn't growth. It's fake !!! The stock market is not an indicator of the economy. The stock market reflects shareholder profits. Workers be damned. Carlos Tavares drove Stellantis into the ground. While Japan is making Kei cars for $10,000 and Stellantis sells Jeeps at $80,000, it's abhorrent. The oligarchy is destroying the world economy for their own greedy profit at the expense of lives.

[@yuri-g5k]

I think it's important to stick to stocks that are immune to economic policies. AI stocks that have the potential to power and transform future technologies. It seems AI is the trajectory most companies are taking, including even established FAANG companies. Maybe there are other recommendations?

[@huong-f9t]

@nicolette-t2y That's a great analogy and I love the insight. Professionals could make a really big difference in investing, and I think everyone should have one. There are aspects of market trends that are difficult for the untrained eyes to see.

[@yuri-g5k]

@@huong-f9t That's a great tip. I'm setting out 50k to invest in the market this year. Any particularly useful tips you could offer to me?

[@huong-f9t]

@@yuri-g5k Victoria Carmen Santaella is the licensed coach I use. Just research the name. You'll find the necessary details to work with a correspondence to set up an appointment.

[@yuri-g5k]

@@huong-f9t Thank you for the lead. I searched for her, and I sent her an email. I hope she gets back to me soon.

[@davidnika446]

Another FAKE conversation that is an ad. So contrived. You SUCK.

[@lifeisgood141]

If I were Chinese companies, I would not buy American brands, Jeep, Chrysler, Dodge. I might consider Italian brands such as Maserati and Alfa.

[@SimeonToko]

BYD is already in Michigan going over what buildings and possible plants to buy in a package for Chrysler. Make them here and avoid the tarrifs.

[@MetaView7]

Many years ago, a Chinese company tried to buy Jeep, but was stopped by the govt.

[@user-zo4wp4lg8i]

They'll buy 'em all. They will not be picky as you are trying to be. There are many more Chinese companies then Western. And they all want one for the name.

[@FrunkensteinVonZipperneck]

Chinese automakers are smart. Too smart to be conned into buying the devalued “Jeep” name.

[@1rjona]

They’ll wait till Stellantis get desperate and sell their brands real cheap

[@eish3291]

This would be throwing good money away and helping Stellantis offload a" name" for good cash.

[@hiram1923]

How much money do the smart Chinese automakers earn per sold car? How much subsidies do the smart Chinese automakers receive to stay afloat?

[@undisclosedthai]

The Jeep brand is a special case. It must belong to the US. If China or an eastern country take over the Jeep brand, it will devalue the Jeep brand immediately.

[@1rjona]

@@undisclosedthai the brand got devalued when US army replaced them with a humvee. Brand is special because those army jeeps are tough and simple to maintain. In third world countries, they are still being used.

[@almostthere100]

Stellantis has already hit the iceberg. They're rearranging the proverbial deck chairs as the orchestra warms up.

[@VolkerHett]

PSA was doing quite well and when they bought Opel from GM it took just two years for Opel to turn its first profit in decades. The merger with FCA was too big a byte to swallow.

[@patricec.2957]

Despite Viking's doomsday theories, Stelantis is still going strong and remains one of the most profitable automotive companies in the industry.

[@rosetzu_nagasawa]

@@patricec.2957 hahahah sarcasm doesn't work on the internet. People don't get it.

[@kevinnicholson7722]

@@rosetzu_nagasawa i don't think he is being sarcastic. This guy is too much of a doom merchant. Full electric cars sales have plateaued here in UK. Hybrids are where the growth is

[@user-zo4wp4lg8i]

@@kevinnicholson7722 only if you have a majority of stupid buyers. Hybrid means double costs of everything.

[@user-zo4wp4lg8i]

@@patricec.2957 hahahahahahahahahaaahaaahahahahaha

[@freeheeler09]

Dodge and Jeep are toast. They are no longer affordable!

[@danielstefanovic2604]

Chrysler too

[@user-ln9bk7mo3l]

By you?....

[@sandorski56]

Jeep will live on. It has International appeal.

[@Kawasaki750H2stroke]

Honda should buy Jeep and put a reliable power-train into them. They would make a fortune

[@diegoharo7943]

@@danielstefanovic2604Chrysler is being sold off but they will keep jeep

[@chillfluencer]

Stellantis is what happens when a bunch of failing legacy auto companies tries to survive...

[@neilfromclearwaterfl81]

Add to that that their CEO has at times openly revealed he doesn't want to be in the automobile business. Perhaps he should be making oven mitts or disposable containers instead. Best!

[@hanswitvliet8188]

It is not that well known brands cannot come up with fresh and viable ideas. It’s their “stuck-in-the-mud” management, finding excuses in red-tape, unions, politics, or “difficult market situations”. Opel/vauxhall, Renault, Fiat did come up with new ideas, but were dragged back in the swamp.

[@Kawasaki750triple2stroke]

Actually worldwide Fiat has been a very successful company except in the USA.

[@shyviking]

Yes; strong British Leyland vibes...

[@DewtbArenatsiz]

​@@Kawasaki750triple2stroke The Euro currency killed fiat

[@michaelpatish7248]

The Chinese bought the GE brand of appliances a few years ago. They have brought that brand back from the dead. I manage apartments and find the GE brand of refrigerators and window A/C best in class. I wish whatever Chinese company well in the car market. What I see wrong with Stellantis as well as many companies is they are run by hedge fund managers that are not in the business of making good cars or products but in making as much profit as they can while lining their pockets. In other words "Corporate Greed" is killing off legacy companies.

[@MetaView7]

The Quarterly Report calls the shot. It is Sad !

[@EndOfThings77]

Well Corporate Greed was what ran America for decades. Sucker the middle class, milk them for what they are worth, tell them to buy " America Brands " while we exploit cheap foreign labor and pocket the profits. It lasted for years. But now, American middle class are poor, destitute, and mostly on social security. So, we have the rotting of America.

[@cub35guy]

Hedge Fund Group Stellantis did this to themselves -- I love it. Greed never ends well. It's very sad they've destroyed marquee named auto brands. But It's also to be expected when these companies try to run ANYTHING. If a hedge fund is running something -- you best believe it is going to be bean counted into the ground. JEEP is NOT a luxury brand -- so why is the freaking Wranger sold for upwards of 50K? That is insane. The prices for the Grand Cherokee -- outrageous. And no one needs a 115K Wagoneer! They've dug their grave -- now it's a matter of time before they are buried.

[@ChicagoBob123]

The brands were bought by stelantis but never improved. The only think that happened is they raised prices. You can only hide behind a brand name for so long before the truth comes out

[@Gabriel-bz2lt]

They just copied the chassis from one to another, the engines and put different body work. For example, fiat 500, opel cords, Peugeot 208, ds3, jeep renegade, Peugeot 2008, citroen c3 aircross, Opel Crossland are exactly the same car underneath. And there are more examples.

[@qimingw.4367]

If you were in Telecommunication industry, you will find out what happened in the last 25 years, and the Automotive industry WILL follow the same way :)

[@chadfaulkner3600]

They have a 10 year supply already on dealer lots

[@nerdbikes3841]

Who would have thunk that $100k ICE pickup trucks would not sell?

[@ABa-os6wm]

Nobody cares about pickups outside US.

[@user-kc1tf7zm3b]

@@ABa-os6wmFalse. Utes do matter in Australia, SE Asia, Africa and Middle East.

[@patricec.2957]

@@user-kc1tf7zm3b in your dream maybe

[@ashleighstone1219]

I work for the Company, it’s 100% management. They force us to put bad parts on the vehicles. Do we get bad parts from suppliers? Yes we do but instead of management taking the time to sort out the bad parts, notify the supplier and only have the line down for an hour or so, they force us to put the parts on just to get their numbers. We get shutdown by the firemarshall every year(sometimes a few times) because we have so many vehicles out in the yard that need to be repaired. Im tired of this company blaming us workers.

[@boballen9095]

Your assessment is on-the-money.

[@lincolnteh1963]

In SEA Maserati is known as a cheap expensive brand.

[@av_oid]

Always have been overpriced Fiats, sometimes with Ferrari engines.

[@joemoa]

Imagine if China bought every single car company.

[@eleetgroupvideo]

Americans protest by working from home nation wide!

[@carlosvandervaeren8871]

@@ArbitraryFilmings China is absolutely not a dangerous country. The Chinese are just very smart and hardworking people.

[@petervan7372]

​@@ArbitraryFilmingsthe most dangerous country is that evil empire not china, u pathetic

[@btroy3768]

That will never happen

[@davidlloyd1526]

The Chinese Government is only doing what every other country said they would do (but don't): investing in Green Tech. Once EVs are 90% of car sales, the money will go elsewhere and it'll be survival of the fittest, as per usual. As Communist countries can't seem to stop constantly meddling with their companies... it probably won't end well for them in the longer term. How many potentially great companies were killed in the USSR?

[@fortheloveofnoise]

Most of it is because of them doing some of the worst markups ever in history during the tail end and after the pandemic....it was so bad, some people have swore off the brands.

[@dave1704fornow]

It is simple Europe has too much pride in their brands. It is emotional. Your first love next to you in your small 500cc fiat cruising through Toscane. Fiat is a feel. Not only a brand. It has nostalgia. Europe is not getting it. That time has past. We need a clean planet with new transportation . China took the lead since they do not have any sentiment and are looking forward. I predict that the Europeans will soon build cars for the Chinese to keep Jobs. It is over with luxury european lifestyle. Pronto

[@DYP1]

Only if everybody thinks this way. I don’t see Europe turning to Chinese auto. I might be wrong

[@gianluigicassin868]

​@@DYP1as an Italian, I agree with the former comment instead. It seams European brands made a big fuss in the past about the feel and pleasure of driving, etc. Now we're moving (slowly) to evs and European brands are struggling to quickly adopt the latest tech. Look at lfp, the want now to move to lfp, but the Chinese are there already since 2-3 years. The pace in innovation adoption is simply to slow. And theres no going back, but still a lot of people, including politicia s, bad mouth evs. I'd like "a little less conversation, a little more action"

[@rantanamo]

@@gianluigicassin868 sorry, but as actual vehicles get compared to even mid level vehicle we are seeing the Chinese vehicles are overblown a bit. Good cars, but the prices aren't as low as advertised and they aren't better model to model. Profit margin will be an issue for them as well.

[@DewtbArenatsiz]

That's the real purpose of the EU. The Euro currency destroyed Fiat

[@hellomeatrobots]

Chrysler and Dodge ruined their lineups. They discontinued everything they made between then except the Pacifica minivan and Durango SUV with no replacements ready, or realistically in sight.

[@terl99]

That's not correct, Stellantis is centralizing their production. The Italian State is not happy about it because currently Stellantis is not giving the italian production sites a priority. So, multiple production sites in italy are not in use. The state was threatening Stellatis to inappropriate 2 historic car brands (Innocenti, Autobianchi) and offer the brands to cinese manufacturer if they agree to produce the cars in italy.

[@notroll1279]

I didn't know about this attempt to take the Innocenti/Autobianchi brands - could you provide a link for further reading please? I have only a vague understanding of written Italian but I'd give it a try. Do Italians really still attribute value to those brands or are they just dead and gone?

[@terl99]

@@notroll1279 I have to appologize, the news about Innoccenti and Autobianchi is older. Recently Stellantis has published the Half-Year figures and there is a sharp decline in profitability. The CEO of Stellantis made the statement that in Stellantis there would be no place for unprofitable brands. He did not say what brands he was referring to but there are some speculations that Maserati, Alfa Romeo and DS could be at risk being discontinued.

[@DewtbArenatsiz]

Italy needs to exit the euro. Otherwise it's manufacturing is dead

[@thomasmerrill3585]

I have had 2 jeep Cherokees in last 7 years loved them both stayed to buy another nothing in stock and no answer when? The price point was great and a med. Size suv.

[@jeffnapoli1705]

I have a Volvo EX30. What a crap. Bugs all over the places Yesterday I was charging I could not open my car to remove the plug it took 4 mn. The screen did freeze several times. Terrible quality. I’ve read that many people just gave their car back to the dealer. I understand these guys

[@eish3291]

Volvo's are still designed by the Swedish engineers even though it,s owned by Geely. Look at Zeekr which is the sister brand in China and you can see the difference in quality and engineering.

[@davidlloyd1526]

Sounds like a "you" problem.

[@manuelferreira4622]

@@eish3291 So, swedish is crap and chinese is great, are you real!

[@eish3291]

@@manuelferreira4622 Ask people who have seen and compared the 2 cars.

[@huntermad5668]

​​@@manuelferreira4622 Chinese brands are eating many Foreign brands in China. The competition there is the most intense in the world. U need to be in top form to survive. This is 2024, China automakers had decades to learn and catch up.

[@terryward1422]

Having European executive Carlos run groups like Jeep or RAM and expecting them to do well is pure hubris. He would have no concept of the ethos either of those brands.

[@dbrew2u]

Auto Makers are on their own this time around . The US Government is in no position to Bail them out for their insane decision making .

[@bekind2047]

Nobody can bail them out as they have nothing to offer anymore. The legacy industry is already a bottom less pit.

[@jeromecastonguay]

Good for you calling out on their lies

[@electricviking]

Thanks Mate!

[@terryward1422]

I would suggest that the real problem with all of the legacy automakers are their boards of directors. The choose the executives who run these companies and they set the agenda. Herbert was removed from his position by the board of directors of the VW group and look how bad that turned out for VW.

[@hiram1923]

VW is profitable. As is Stellantis. How many Chinese EV automakers are profitable?

[@jantjarks7946]

​@hiram - The EVs of Stellantis and VW are profitable, or their ICE?

[@hiram1923]

@@jantjarks7946 ICE of course. :) No EVs sold from any manufacturer make a profit, with the only exception of Tesla (not even the Cybertruck though as the Viking recently reported). But they receive of course also a lot subsidies and CO2 credits (paid by ICE manufacturers to them). And maybe BYD, but I think what's profitable there is only their battery business, with which their are subsidizing their car business.

[@larryevans6739]

Realistically, if you exclude regulatory credits, Stellantis did better in their latest financial reporting than Tesla. Tesla's net profit for the quarter when excluding regulatory credits was down over 75% YoY. Most of Tesla's net income last quarter was regulatory credits. As Tesla sales are down, they likely pulled some of those credit sales forward to inflate quarterly numbers. Subsidies made them profitable, and Tesla is far more vulnerable to political shifts than Stellantis. Neither one is growing, but Stelantis has a forward P/E ratio of around 3, while Tesla is around 100. In other words, for the each dollar of profit they make this year, you have to pay ~33 times more for Tesla shares.

[@martinwhatman5027]

MG and Volvo were rebuilt by their Chinese owners. I think more brands will be sold to them. Japan might have to follow when they start to fold. I'm thinking Nissan, Diahatsu, Suzuki, Mazda and eventually Mitsubishi and Subaru. With a 70+% reduction in the motor vehicle market worldwide, there are not going to be many brands left unscathed.

[@asajelfs8170]

Stellantis is cooked, their production lines are old and expensive to run making unaffordable cars.

[@theblackhand6485]

Correct. Well they have a modern plant but the Chinese and Tesla are using just an newer processing method. Bit strange the Western car companies didn't pick it up because the technique and machines are coming from Italy!

[@MetaView7]

After looking at the videos of BYD and Xiaomi robotic factories, I would say it does not matter anymore; even the newest and most efficient Ford/GM production lines are no match.

[@jeffnapoli1705]

Stellantis has been one of the most profitable car company in the world. I think they went too far in the premiumisation.

[@sebastian_arroyave_author]

Chinese have reshaped the mentality of consumers around the world. With upward wealth transfers, growing wealth gaps and shrinking middle class, people now are starting to think in terms of value and cost-benefit ratio. Luxury mentality is dying slowly. People can see they're being scammed with a myth

[@anthonyxuereb792]

Useless, underperforming and grossly overpaid CEO, did I mention that he is GROSSLY overpaid?

[@larryevans6739]

Excluding regulatory credits, Tesla's YoY earnings decline was greater than Stellantis... who is overpaid again?

[@neilfromclearwaterfl81]

@@larryevans6739 Only due to Speculators upset when Musk keeps his promises to lower prices and keep things affordable. All the stock market wants in unsustainable ROI 24/7 400 days a year since unrealistic ROI 365 days a year isn't enough for them. Someone has to push back against these Greedflationists. Best!

[@anthonyxuereb792]

@@larryevans6739 So that makes two, any others?

[@SuperHfhgfh]

RIP Stellantis

[@paulc6766]

The British Leyland of the 21st Century

[@manu.yt25]

They still got a net profit of $6.07 billions, they will be fine. Note that their affordable EVs will be laucnhed/shipped soon like the new Panda and e-C3.... They will be fine.

[@user-kc1tf7zm3b]

@@manu.yt25 It is all too bloody late. The Chinese understood way back in the 2000s that EVs will replace petrol cars and have been developing EVs ever since. This explains why apart from Tesla the Chinese EVs are the world’s leading EVs with their superior performance, features as value. There is no way that the Japanese, European and American legacy car marques can ever catch up as the Chinese have been hard at work for the past 20 years. Moreover, the legacy auto is obviously legally committed to existing petrol car owners for essentially forever, which is massive drag on company finances, resources and energy. The Chinese car marques do not have these lingering encumbrances, especially for those who only make EVs. In Japan, Mazda and Nissan will be the first to fail. Dodge and Chrysler in the United States are on the way out as well as no one wants their large and inefficient petrol guzzling cars.

[@manu.yt25]

@@user-kc1tf7zm3b We will see but Stellantis at least the PSA side is much better placed than manufacturers like Toyota or others, they are still some of the best sellers of EVs in Europe (e208/eCorsa, then coming soon eC3/Panda, thay also have the 500e, 600, Jeep Avenger, e308, e3008, etc....). So far the e208 alone is one of the most sold car in Europe despite not having a dedicated platform for EV. I'm curious to see how their new affordable small cars (eC3/Panda) will do as they will be the cheapest option on the European market along the old and shabby Dacia Spring. For me he's a bit too alarmist about Stellantis, as long as Tesla is not building smaller cars in Europe and while the Chinese are not manufacturing in Europe yet and Chinese imports are being made difficult by tariffs, I don't see an immediate threat for Stellantis, and the eC3 and Panda laucnhing this year shows that they are ready to make mass market affordable EVs.... so yeah let's see how it will go from there, I'm pretty sure that Stellantis has more to offer and will unveil more appealing EVs in a near future.

[@patricec.2957]

@@user-kc1tf7zm3b So it's too late for Stelantis to start selling EVs at €22,000 but not too late for Tesla to still not have a car to sell under €40k?

[@brendanpells912]

Funny how Tesla profits collapse by 50% but you don't consider that to be a crisis.

[@mikafiltenborg7572]

Tesla Record revenue, over 25.000.000.000$,... And Tesla have 30,700,000,000 $ in the Bank...

[@brendanpells912]

@@mikafiltenborg7572 Selling more cars but making less and less money on each car.

[@manuelferreira4622]

@@mikafiltenborg7572 Is that so...

[@mutton_man]

​@@mikafiltenborg7572 stellantis has $85b revenue and over $50b cash. So triple the revenue and almost double the cash on hand. What's your point?

[@Lwpi20]

Stellantis destroyed Citroen and Chrysler.

[@lowket]

Autobianchi and Innocenti will be the first sold brands to China.

[@terryward1422]

Would I be too pessimistic if I said that none of the North American automakers have a reasonable chance of making an affordable EV because they are not vertically integrated which will limit production efficiency. The North American do not have the ability to manufacture an EV battery to compete with the batteries now produced by CATL or BYD. I doubt if they ever will...

[@Gabriel-bz2lt]

You can make affordable EV if you give people what they want. For example nornal door handles that cost 5$ instead of fancy stupid ones that cost 30$ and they break.

[@stonker77]

Not surprising if it goes through. The Chinese have done a great job with Volvo, MG and Lotus.

[@hiram1923]

How much money do they earn selling these cars?

[@manuelferreira4622]

@@hiram1923 None!

[@orhanmekic9292]

Most of legacy will just disappear. They have been in bed with oil industry for the last 100 years, it is difficult to break that bond.

[@marcbjorg4823]

BYD is at Chrysler HQ, they have visited factories and they are looking into buying Chrysler and Dodge. It is actually very good news for consumers a Peugeot can't even make a reliable engine.

[@dougsheldon5560]

And Carlos keeps cashing his checks right?

[@terrymoore861]

As more countries join BRICS and China buys up all the car brands, the increased market for cars from the BRICS countries could use up all the Chinese produced vehicles leaving none for USA and Europe.

[@duanebonney]

Sam, can you please cover the new Electric Dodge Charger? I think it looks great.

[@johnscollection7816]

It has a mixture of brands and factories like British Leyland

[@sainta2667]

The problem is that the EV market is collapsing! And Stelantis with it's stupidity was trying to go all electric with Maserati and Alfa and other sportive brands, people don't want EV, they woke up! the second hand EV market is crushing! Let's hope Stelantis will wake up too.

[@eman67rp]

That's not true. ICE cars aren't selling either. No one "woke up" from anything. It's clear you have a bias against EV. Can't when people keep trying to push an agenda behind everything

[@neildolan7177]

Sam, you should embrace any EV as it is better for the environment in the long run. To get over the crisis, your company, BYD, had pivoted to hybrids, which is less effective. What is better, a Stalantis EV or a BYD hybrid?

[@zoransarin5411]

I have followed Sam for over 2 years. He has consistently been a hybrid hater, as he rightly should be, and argues against PHEVs being counted as new energy vehicles, given they are ICE cars in the main. I think he would agree with your last statement that a Stellantis EV is better than a BYD hybrid.

[@ensteffo]

But BYD make more EV`s than Stellantis anyway regardless of how many hybrids they make so as of right now (and in the future, lets be real) who is better for the environment BYD or Stellantis, BYD of course and with a gigantic margin.

[@neildolan7177]

@@ensteffo Is this true outside China & how long can BYD continue to trade at a loss?

[@zoransarin5411]

@@neildolan7177 Neil. Have a look at the history of BYD. 1995 - BYD started as a battery production company. In 2023 it was second only to CATL. 2003 - BYD starts BYD Auto. The first car designed by BYD, the BYD F3, entered production in 2005. 2008 - BYD started producing its first plug-in hybrid electric vehicle, the BYD F3DM 2009 - BYD started producing its first production battery electric vehicle, the BYD e6 2022 - BYD ended production of purely internal combustion engined cars to focus on new energy vehicles. 2023 - BYD sold 3 million cars, 1.6 million BEVs and 1.4 million hybrids, so 53% BEV. The growth of BYD as a car company over a relatively small period (20 years) is impressive. The speed at which it has swung towards EVs and abandoned pure ICE altogether is also refreshing. Makes you wonder why every automaker on the planet hasn't been able to transition as fast given there significant years of experience. Toyota is at 1% EV. That's just embarassing. GM was 2.9% last year.

[@f.s.monster3765]

Dodge and Jeep have been sold many times, nobody could make money with the two brands.

[@MikeekiM-vh5se]

Lie.. Dodge was with Chrysler since 1926 or 1928 as the Dodge Brothers passed away..Dodge was always Chrysler.. Chrysler bought Jeep in 1988 and made huge profits on Dodge and Jeep and Chrysler! Only reason Dodge wasnt making profits as much in 2024 they only have the Durango and Hornet..Dodge made huge profits on Caravans,Journey,Charger and Challenger but they quit them all... Dodge also produced 2023 models until midnight Dec 31 2023 so they could have enough prtoduct for 2024,albeit dealers scammed people by adding $20,000 on a RT and $200,000 for a Hellcat last call..Yes,Demons were $300k thats $200k more than the sticker..Even a $80,000 hellcat dealers want $150,000! Thus you can understand sales dropped,,,Now,a lot of dealers are selling the cars at or even below msrp..I bought a 717 hp Hellcat Challenger for $68,000 thats $3k under msrp..Love the car! Dodge also had RAM and they always made a profit, Chrysler was the most profitable car company in the 80's and 90's until Eaton screwed Chrysler shareholders and forced a merger..Even in the 00's and 10's Chrysler group was the cash cow they always made a profit.. Today Chrysler is the best selling minivan they just need more products same with Dodge the Challenger even out sold the Mustang and the Charger left the Mustang in the dust in sales, doubling and nearly tripling their sales some years! The problem is the 2023 Last Call models Dodge dealers are asking double for the cars,thus sales slowed to a crawl...Started in 2022 prices sky rocketed RAM trucks also jumped in price $50,000 for a plain stripper model and $80,000 on average for a decent model.Jeep still sells good,but they dropped the Cherokee and the sales numbers they are down is exactly what the good selling Cherokee were doing.Remember RAM also stopped production of the Classic 1500 thats 50% of sales they were doing!! Lots of people prefered that truck,nice truck,better price and V8. It is bad management at Stellantis,too many cooks in the kitchen deal and infighting screwed them over! RAM 1500 now with only a 6 cyl no V8 will hurt sales and Dodge Charger whenever it comes out again no V8 only electric anbd 6 cyl sales wont be as good as the previous Charger..But I could be wrong,but they need product NOW

[@andyfreeze4072]

these brands all needed a massive injection of funds when stellantis was born. They were corporatised and now are dead in the EV age. As you say SAM, the lies are there to prop up the share price, to keep the music going.

[@chrisnewman7281]

Stalans can only get in trouble if they falsify their financials or provide bogus investor guidance. Consumers can sue them over a defect in one of their cars. I’m not sure what other grounds they could be sued on.

[@grahamkearnon6682]

MG, chinese nice legacy brand. Its the end for the dinosaurs, VW brought out the id buzz, who are the customers, too expensive, poor range ?

[@aureliancozma251]

ID Buzz £ 65 k and 200 mile range ((((

[@jrherita]

Merging a bunch of money losing brands together will somehow succeed..

[@FrunkensteinVonZipperneck]

They’ll make a profit on volume - Volume 11😂

[@DewtbArenatsiz]

Bigger is never better. Look at history

[@user-hq8lb1yv9k]

The Chinese are only interested in the name, so it makes sense to buy Maserati. Also they can sell more expensive cars with higher margin, because of the name. Very clever.

[@JorgeLausell]

did you say hurricane powered?

[@eish3291]

Chinese automakers should not buy their brand names because I remember during my school days 40 yrs ago that Alfa and Fiat cars were highly unreliable. Why would I want to associate myself with such a tarnished reputation.

[@undisclosedthai]

That brands are still very useful for making Euro images, hiding Chinese images, like the SAIC-MG.

[@markuc]

Buying a brand is an organic way to enter a new market. Makes sense for Chinese companies to do that to differentiate themselves from domestic competition. Also might pick up good local talent... Win win

[@guilleport]

​@@undisclosedthaiVolvo Cars-Polestar.

[@Bora_H]

Car sales collapse when people can't afford them. The biggest market is the bottom end. There must be a lower limit to cost, just based on the cost of materials. Even if your factory is all automation and robots, you still need to hire people to take care of the machines, and move material.

[@rosetzu_nagasawa]

in the history of Maserati, they NEVER made a quality car. Not one day.

[@Bora_H]

Some of them looked cool. That's the only thing they have that's of any value.

[@Bora_H]

What do car companies really own? Factories and machines. An available workforce that can operate the machines, near the factories. A design 'language' that has a proven market ( 'Intellectual Property' ). Many foreign companies compete unfairly because their countries have little or no standards for pay, safety or pollution. And plentiful corruption! I don't want to live that way - and I bet you don't either. We should not allow them to be imported.

[@kevinmoffatt]

Absolutely, and, in the case of the Chinese, massively subsidised by the state.

[@nickcheema907]

I'm happy to see this. This is all a result of greed. They pulled these "make believe" MSRP's out of their arses in the hopes that suckers would buy. Let the vehicles pile up on dealer lots.....LOL

[@derek-j3v]

Jeep and Ram have the highest average price of any automaker in the US. There is plenty of room to discount. Leapmotor will be assembled in Italy to comply with EU import regulations. The LM cars have a much lower price point than any Chinese manufacturer and will completely blow away SAIC and BYD,.

[@SimeonToko]

BYD will do to Chrysler what Geely did to Volvo.

[@neildolan7177]

Did you day Stalantis made a profit. That's a novelty in the car industry atm.

[@notroll1279]

No, it isn't... says a satisfied Hyundai shareholder.

[@neildolan7177]

@@notroll1279 I was aiming at China. LOL

[@tego999]

Stellantis made a profit, and that is not a novelty. They are doing well since many years. If you make half the profit you made a year ago, you are still making a profit, you are not lossing money. The problem his mainly in the American brands.

[@undisclosedthai]

Peugeot and Jeep brands are entered Thailand officially. (I am not sure about the other Stellantises.) They are in premium segments, due to expensive prices. Very low sales there.

[@bekind2047]

Peugeot and Jeep Premium?!? That is funny!😂

[@c.bro.572]

If they sell jeep and ram to China, it won't work out too well for that Chinese company.

[@mfmf100]

In addition to Maserati, Alfa is a luxury brand. Chrysler Peugeot and Citroen used to compete for luxury but not recently. The highest price Jeeps are de-facto luxury vehicles but it is not a luxury brand.

[@sb-fx3cp]

They have way too many brands, their brands are competing with each other not with the other groups or Chinese cars! No competitive advantage except very small cars in very low price points in ICE vehicles. Their electric offerings will be in trouble as soon as Tesla have a smaller model and BYD starts production in Europe. They are already hopeless in other markets.

[@America_bombsTSMC]

american should allow chinese car battery imported to facilitate their ev industry competition. and keeps 100% tariffs(i am not agree) on chinese ev car. so american ev industry can survive and grow up.

[@manuelferreira4622]

So naive!

[@America_bombsTSMC]

@@manuelferreira4622 4 naive vs 1 fool

[@grahamsmith6443]

The problem stelantis has is that every make is competing in the same segment. Which is the Daca competitor, alpha and ds should be against audio (that is a laugh) fiat is probably different if it stays to being specialised in small/supermini cars. The rest are fighting against each other

[@Carl_in_AZ]

What I find interesting is US auto dealerships are complaining about declining sales, but their owners are making money. The auto manufacturers may follow the Cummins and Pepsi mold and purchase all their US distributorships. Not only will the manufacturers make more money by cutting overhead, but they will also be closer to their end customers.

[@FrunkensteinVonZipperneck]

Manufacturers don’t have the credit to borrow money to buy dealers…

[@bekind2047]

@@FrunkensteinVonZipperneckand they have no interesting product for tomorrow.

[@diegoharo7943]

@@FrunkensteinVonZipperneckthey don’t need to buy dealerships, fyi dealerships don’t own the cars they have. Dealerships have floor plans

[@diegoharo7943]

Manufacturers could just sell directly like Tesla and Rivian…….if the laws were to be changed

[@manuelsmiley7125]

BYD might come and restore Chrysler Corporation back to Chrysler Corporation and hand them the tools needed.

[@user-tk2xl5cx8z]

BYD should buy them and save the company and also enter the USA and European market because they are the best. Buffet is a smart guy ...he bought BYD long time ago.

[@contraplano3157]

citroen e-c3 and pegueot e-3008 seems a good car to me

[@stevencole7331]

There is a huge opportunity in the US to sell EVs . Tesla is on its heals a bit and ev buyers are looking for a alternative . Who will that be .

[@jimgraham6722]

US definitely needs more EV models. In Australia Tesla is still a big player but there are lots of Korean and Chinese EVs as well. The Chinese compete on value (they are already less expensive than many comparable ICEV). Tesla competes on brand and the Koreans try to present themselves as being at the luxury end of the EV market.

[@neildolan7177]

I would say that having your cars made in China levels the playing field & is a smart move. It also spreads the risk.

[@mauricedegroff5669]

Coming out with new gasoline cars isn’t gonna work that’s the long in the short of it. I think people are tired of going in and spending $200-$1000 to change the oil and listen to somebody hustle them about something that might be wrong with their car, build a good electric car and your problems will go away

[@1millionstartups]

Italians might be too proud to part with Maserati or any real italian brands but Jeep has a deep imprint in China being one of the oldest nameplates, and the first foreign one (along with VW) there. So it would make most sense for Chinese to buy jeep if the price is right, but of course no price is right with a dying brand with lousy product lines and even lousier UAW contract.

[@PD55_]

Let's just get this over with, bury Stellantis and Tavares' ridiculous undeserved compensation. Unfortunately, they will probably get more government handouts, protections and cheap loans even as working consumers must pay massive tariffs for the affordable clean daily transportation they really need. Stellantis has developed a portfolio of brands that now have reputations for being overpriced junk, the brand values have plummeted.

[@deshkabhaloo]

I highly doubt the French government will let them sell off Citroen and Peugeot to Chinese firms. Too much French pride in them, and rightfully so. Citroen has a humongous legacy!

[@sevesellors2831]

Here in the UK Stellantis cars expensive moved them to premium. Not going to happen. I can see a few brands going,,

[@icosthop9998]

*"**#Stellantis** is in the fight of its *"Life"* without a doubt !❗️!

[@btroy3768]

Tesla needs a challenger in the US

[@bekind2047]

Why?

[@yvesgomez]

Instead of "making money" in the short term to please the shareholders, they should focus on succeeding their transition to ev, which can cost money during some time. Is that basic common sense have left them ?

[@stryker120ski4]

how about no, the government should step in at least in the na market,

[@charliebrushwood9019]

people in us have been waiting along time first evs like charger, of course gm still has not come out with blazer ev ss. they keeps dragiing there feet and will bite them in the butt

[@user-kc1tf7zm3b]

This is not going to happen. The legacy American auto companies are totally structured and focussed on petrol cars.

[@terryward1422]

Stellantis backed out of building a 2 billion dollar battery plant here which shows that it is not going to persue seriously making EVs in North America.

[@onederment]

It's not looking rosie but that is a perception issue. Let's ask for the miracle and let me see differently

[@JorgeLausell]

What about Tesla buying the brands?

[@bekind2047]

Why?

[@JorgeLausell]

@@bekind2047 One of the aspects of tesla's self definition was that the real product was the factories. Presenting a division as a contract manufacturer that provide services from consultancy through design, program management, and even operations, All available on an ala carte basis is in keeping with that ethos. Buying the brands opens the option to build more of an adaptable inner structure that is then fitted with the design. The brands get saved. Tesla gets to diversify. They become holder of the iconics! Consider this is why those companies that bought legacy brands are doing with them. Volvo and MG help those companies to added welcome. Were tesla to build a dodge muscle car, it would go a long way to bridge hold outs. I suggest that legacy close off ICE. Contract with tesla to build their designs until they get it together to run the engineering too.

[@keithnewton8981]

Stellantis business model was to purchase brands and then remove from the market place. But got the story wrong its not Stellantis threatening its the Italian government because the Italian government own the rights to names of many of the FCA products. Now due to where car are made Italy is saying if they are not made in Italy then the name will be sold to chinese. As for the American brand they where given a set time to turn things around and produce new models they failed. Don't forget stellantis parent compony is still peugeot steel , parts and kitchen ware. Peugeot societies are is the top if tree. They will end brands and close factories to protect core french company don't forget chrysler dodge this is a second time for Peugeot.

[@HeyErnie007]

You know you can just look at the financials to tell if a business is or is not making money, it's pretty subjective. As for whether or not Stellantis is making money selling EVs, the CEO said they were and if he were lying there would be consequences for such statements. I don't know why you're suggesting someone would put their career in jeopardy to lie to the public about making a profit on a new technology, it just does not make sense.

[@quentinprather607]

It would be cool if Rivian could buy Jeep

[@undisclosedthai]

I agree with that. Rivian or Lucid owning Jeep, make Jeep great and American again.

[@Bora_H]

All the management at Jeep above the factory floor level has to be replaced. The bet really is whether Rivian or Lucid have better managers. Still unproven.

[@bekind2047]

I suppose with VW’s money 😂😂😂😂

[@frankcoffey]

Chrysler is down to one vehicle now, time to put it down. Mitsubishi has 3 and looks more like a full line company compared to Chrysler. It should go the way of Mercury and Pontiac.

[@hanneshonigmeister8454]

Well, they are in a transistion phase. How long was e.g. Tesla not profitable? Like 10 years? Stellantis is still making a few billions of PROFIT. I personally dont have a problem with chinese cars, but tbh - they dont need to buy everything. I think Stellantis is going to be fine in the long run. Other than VW, I hope they get a reality check ...

[@geraldstephens6612]

Isn't there talk of Elon Musk buying Chrysler?

[@samshi4177]

How much ? The brands should not worth much, so pls don't waste too much

[@dylanjimenez1952]

Chinese cars manufacturers should expand into the USA market

[@johnlamb3101]

Import duties - to protect local manufacture!

[@bekind2047]

You cannot make money if there is no compelling product behind. Try to sell Coke if it is not Coke inside.

[@brawnbenson552]

Ignoring customer feedback and lack of meaningful investments in products people want, at prices their willing to pay. Leads to closing factories, selling off your struggling brands. Carlos is an ineffective leader.

[@aeromtb2468]

dont let them buy jeep

[@hau8072]

Stellantis will suffer the same fate as the British Leyland....