Chrysler Group is Being Ripped Apart at the Seams! Stellantis CEO's True Motivation

Recently Stellantis CEO Carlos Tavares visited US based production and corporate facilities and determined that the FCA group will need to cut costs by a further 30% to meet profitability expectations. I give you my thoughts on what this means for the company and his possible motives for these demands. I take a hard look at the numbers to see what is really going on.
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[@RacerX9]

Here is the link to my Etsy shop where you can get one of my brand-new hats: www.etsy.com/listing/1753603671/racerx-launch-edition-hat

[@cart-wheels]

Saw the shipped notice. Can't wait to receive. 🤩

[@garymartin1045]

This is intentional by the Chinese s*** From Communist China. Thanks to its Biden supporters and friends. Shows the Democrats puppets string being pulled by these kind of Why is Dodge a Chrysler even with a stupid company. Bring them back home at f Joe Biden.

[@garymartin1045]

They already had a deal with China. 1/3 of the project will be made there. Just keep lying Democrat Communist Now you know what Biden and the Democrat party are working for and who's pulling their puppet strings?

[@haroldbirge6881]

Says it'll be here on the 🍀 7th 👀✌️

[@cart-wheels]

Got mine today! I really appreciate the bonus with it. Thanks!

[@bedvyr]

It's hard to be loyal to a company that has no loyalty to you. In fact, most of these companies seem to hate their own customers these days.

[@jeffnoob8448]

Such a valid point

[@S8ER]

Dodge treated me so shitty after dropping over 100k on a Durango Hellcat that I’ll never spend another penny with Stellantis. They can go F themselves honestly… I’m sure they were upset that 2021 owners sued them but no direct connect support, no Uconnect software updates and no Rf Hub lockout was a middle finger to us on their part.

[@joel6513]

I remember 2021 when I wanted a scat pack widebody and every dodge dealer around me had them at ~$65-72k. I'm now the proud owner of a Camaro SS ($44k msrp and what I paid) and will never buy a dodge again. Dodge knowingly let dealers screw us to help pay for the EV transformation they are attempting (along with the Hornet, and what genius decided to end the Hemi cars before the replacement is even available?).

[@notorious_H.A.N]

It’s greed…

[@S8ER]

I feel like I’ve been censored.. my comments keep disappearing😞

[@bondobilly9369]

Ask boeing how outsourcing engineering worked out

[@ronpflugrath2712]

Hazard pay whisleblowers

[@jajsamurai]

I tried to ask a boing engineer that question, but he mysteriously died just before answering my question. weird coincidence huh?

[@matthewgibbs6886]

they are making billions thats how its working out for them as long as they have military contract welfare they will never fold

[@bondobilly9369]

@matthewgibbs6886 boeing makes actually very little from the military stuff, the general aviation is the main source.

[@MrKitrellr1]

The right thing to do is Send the Foreign leadership packing. Dodge should be an American owned company

[@jointhefist1016]

Someone will have to be willing to buy a declining car brand then

[@MrKitrellr1]

@@jointhefist1016 of course. But it's only a declining brand because stellantis killed it

[@DavidSmith-tu1nd]

Preach on Brother!!!

[@jointhefist1016]

@@MrKitrellr1 It's been declining for a while before stellantis I'd say

[@AP383BB]

​@jointhefist1016 it's been declining ever since they pulled Ram out. The trucks kept Dodge alive. Once Ram separated, Dodge was performance car or bust, which isn't a good business model. You need economy cars and traditional SUVs, which Dodge hasn't brought to market.

[@pontiacGXPfan]

In a few years people are going to be saying "remember when Chrysler actually had cars?"

[@pontiacGXPfan]

@knightofelemia1567 ya see?

[@timothydubois5834]

And now since Tim left the woman running Chrysler is taking over Ram. RIP Ram.

[@pontiacGXPfan]

@timothydubois5834 how stupid or desperate do you have to be to have a female CEO who has no idea how men think?

[@gphilipc2031]

What's a Chrysler?

[@pontiacGXPfan]

@@gphilipc2031 exactly

[@charlespapineau5428]

Stellantis prices have gone up 50% since 2019. That is not inflation or supply chain issues, just greed. These cars that sold so well at 2019 prices are sitting on lots now due to their ridiculous stickers and high interest rates. Tavares wants to maintain a profit per vehicle target like he did 2021-2023 when supply was low and people bought because they were stuck. They also had government stimulus checks from COVID. How are those loans doing now? Until you accept reality and bring prices down, the company will struggle. He cut key R & D jobs earlier this year in North America. If he cuts more, just remember that low-cost engineers in Turkey and Morocco are low-cost for a reason. When you cut experienced talent like that, it shows you are desperate. Those people will find jobs and never come back.

[@asajayunknown6290]

All of the manufacturers have embraced planned obsolescence. Built to the warranty. And lowest cost sourcing. As you said: Things are lowest cost for a reason. It's hardly ever because they bidder has a better process using a similar quality of materials. 😮

[@garymartin1045]

So they could Help China build their mega company's in Mexico. Wake up, that's Who's? Behind this electric Push, that's why they control our government. Biden in this left-wing liberal crew wake up.

[@davek9378]

‘Heels Up’ Harris said ground beef & bread is up 50%...nothing to do with greed, it’s inflation - just like everything that’s up 50% since 2019. Your (and my) dollar is becoming worthless.

[@reddog3544]

Dodge was a AMERICAN made car and should still be an AMERICAN owned and made car. Not interested in foreign owned and built products. This is a big problem in our country. How in hell Mopar/Chrysler got sold around like this sucks. Lee Iaccoca would have never let this happen. I want nothing to do with EV's, Hurricane 6's, and the green new deal horse 💩. Also SCREW the EPA. You did an excellent review RacerX. At 80 yrs.; I will drive my HEMI until either I croak or the Hemi croaks.😎

[@jointhefist1016]

Money talks. Hard to stop that happening

[@manuelsmiley7125]

Lee I acocca hired a GM guy who sold Chrysler to Daimler, remember?

[@ArshAZ83]

@@manuelsmiley7125 and Daimler realised Chrysler was too far gone as a brand even they couldn't save it and turned it loose to fiat. That said GM and Ford mostly are made in Mexico so they aren't AMERICAN made cars either. You want an AMERICAN made car, buy a Toyota Camry or a Honda Accord, those are actually made here...

[@turbopickle9720]

American built cars aren't very high quality compared to many European cars. Its always been that way.

[@manuelsmiley7125]

@@ArshAZ83 you have no idea what you are saying. Chrysler didn't need Diamler, it was the other way around. Chrysler was the most respected car company worldwide in the late 90s, so much so that Daimler approached Chrysler about merging, Why? Because Chrysler had billions of dollars in the Bank and Daimler was struggling, Why was Daimler struggling? Lexus, Infiniti and BMW. Chrysler was looted by the Europeans.

[@matthewbellardini4176]

Yea, Carlos wants to cut costs in USA but he took a 60% pay increase equalling 39 million dollars this year. And you’re telling us he needs to reduce the cost to build performance cars by outsourcing them over seas. Give me a break

[@Jeez001]

His Netherlands executive team got huge pay raise and engineering there have vastly underperformed but have gotten paid ton of $$

[@garymartin1045]

​@@Jeez001 Guarantee the money's come from China.

[@stevemccarty6384]

Lee IaCola is turning over in his grave!

[@rogercrawford8372]

Prices go UP, quality goes DOWN you can’t afford to save the empire. Bye, bye.

[@chriscolyer8959]

F@ck Stellantis

[@MrPeinakatsuki11]

Amen

[@richardbeckmann6720]

Fuck all all new American cars

[@SovereignKnight74]

I really hate what has happened to Dodge. 😕

[@tigerhoods7927]

Lots of people seem this coming

[@duomaxwell5807]

I just put in my two week notice on Monday...even the dealership is going down..sad state of affairs.

[@haroldbirge6881]

Amen 👀✌️

[@turbopickle9720]

They did it to themselves, most companies adapted to this change they knew was coming a long time ago.

[@comicrandomness3289]

I actually wanted a challenger but it is too expensive and it's being discontinued. Tough.

[@Edsrt-]

I do believe this is what happens when you allow foreign companies to purchase American companies

[@sunj1339]

This raises the question why Chrysler was being sold in the first place. Because Chrysler was so successful? Without foreign ownership Chrysler would have been dead already.

[@ADUSN]

Most big businesses are publically traded though. Everyone owns them.

[@bigstevesnostalgiadragraci4240]

I'm 72 and have never had my name on the titleold man of anything that was not a Chrysler product. I've been racing a 1965 Dodge Hemi Coronet for 54 years. I'm retired, my paersonal cars are a 2015 Chrysler 200, and a 2005 Dodge Durango Hemi with 200K miles on it. I loved since new. This beaks my heart to see Chrysler go away, and honestly I doubt any of the manufacturers are doing well, the cost of all of them is out of control. Frankly, I could not be remotely interested in an electric car or truck. I'm glad I'm an old man.

[@Gudi102]

I agree with you wholeheartedly 100%. Me too, all my cars are Mopars, 2012 Grand Cherokee that I love, 2009 Chrysler Town & Country Limited, 1995 Grand Cherokee Limited V8 in mint condition. I feel your heartbreak, I feel it too, deeply...

[@garymartin1045]

You could guarantee one thing China's behind it.

[@cliffm6566]

Sadly “Stellantis” is a Euro focused company which has zero respect or interest in the North American market. They want Jeep bc they think they can make that a global brand but the other FCA/Chrysler brands are going away. The vans are still made in Windsor and they will stay for now and they will fiddle around with Jeep. Ram trucks might be on a death watch. There are no other Stellantis brands that American buyers want. The new Euro management team is clueless and are there to downsize the American Chrysler business. Lee Iacocca must be turning in his grave😨

[@j.celgoog3275]

I'm French, and if you believe a single second that they show interest into french or italian interest, you couldn't be more wrong. But meanwhile, as it is said in the video, Marocco will gain lots of R&D, don't worry.

[@stevemccarty6384]

It wasn't long ago when everybody who was anybody owned a Jeep Cherokee.

[@doctorj3837]

Who knew that if to raised your prices in this economy. Less people will buy

[@jetliorigami]

Looks like our buddy Tim seen the writing on the wall

[@machdaddy6451]

The ICEman leaveith...

[@stephenwalling5878]

He's not my friend. He can suck weeds for all I care.

[@billybruticus4719]

They will not pass that savings on to the consumer. You can forget about that. You don't raise your prices that much to pass it on.

[@ex.spaceshuttle.worker]

I agree, they cut costs so they can have a higher profit margin they will not pass the savings on to the consumer.

[@ArshAZ83]

Passing savings on the consumer under the myth of 'cheaper products' is the bullshit neo-con lie that never stops being spewed.

[@dmart8451]

Interest rates for new Car loans are also a large factor for a lot of people. Very high interest rates on very expensive cars is a hard sell.

[@ex.spaceshuttle.worker]

So true about High car loan rates. until the Fed gets inflation down to 2% they won't pivot the Fed rate.

[@ArshAZ83]

There is always the option of being smart and not blowing heaps of money on a car you definitely can't afford.

[@vettesweetnos]

Rely on the fed and the government? They will create more inflation

[@dmart8451]

@@ArshAZ83 for sure, but Americans alone have $trillions in car loans. being smart with money is second to status in a debt based society

[@tebugg]

I turned the video off when racerx Said maybe they can pass down a 20% decrease to the consumer. Racerx you know better than that. That profit will go to the shareholders and the higher ups in the company. The consumer will not see a price drop.

[@osvalditochirino3428]

Those cars are not selling and no one is connecting the insurance cost to insure those thug cars

[@msallies]

100% There will be no price drops and all that money will continue to be funneled into the hands of the wealthy.

[@JimBlanchfield-le9er]

they upped the prices 50 percent and used the profits to build EVs 😡

[@LukeZak]

Bingo! Say thank you to musk and China.

[@Dilberts_Dogbert]

Try Building Back Biden green new deal for this everybody has to play along 😳😳😳. FCA was European since Benz guys 😳😳

[@artillerybuff2000]

I appreciate the information and insight that RacerX has on this matter. As a decades long Mopar enthusiast I am saddened by it. Have to wait and see how it all plays out. I'm hoping the US economy can make a major recovery after the '24 elections, which should help the situation tremendously.

[@99somerville]

When the CEO says that Alfa Romeo is their crown jewel, you know you are in deep trouble.

[@softwarephil1709]

👑 💩

[@mmf9765]

Dodge may be the next Pontiac 😢😢😮😢😮

[@ex.spaceshuttle.worker]

Sad to say that might be true. I certainly miss Pontiac. I've been a Pontiac enthusiast for decades and decades. I have owned many Pontiacs over the years. I have a 65 GTO in my garage I've owned for 36 years and it's next to my 2022 Dodge Challenger 5.7 Hemi RT. and soon I will miss Dodge

[@ArshAZ83]

@@ex.spaceshuttle.worker Pontiac stopped being Pontiac in the 80s when GM consolidated everything behind 'standard engines' which were all *chevrolet engines*.

[@ex.spaceshuttle.worker]

@@ArshAZ83 true... the last real Pontiac engine that was made was the 400 cubic inch in 1978 even though some 1979 Trans Ams got the Pontiac 400 from leftover engines. After that the engines were called corporate engines like you said. Just like the 2004 GTO receive the Chevy LS1 motor and then 2005 and 6 got the Chevy LS2. But at least the Pontiac name plate lived on for many years even though they didn't have a true Pontiac engine. And that's where Dodge is heading

[@markdc1145]

The Dodge and Chrysler brands are being shuttered.

[@garymartin1045]

I think you better do some research Pontiac was oustered by an American company. Dodge is Owned by foreign corrupt people. That want us to crumble. China Is 1/3 business of this new BS company. So to get rid of these cars and make big profits the best way to do it is make them look bad.

[@clay6047]

I was in the uaw at ford for over 10 years. These companies hate the workers. If they screw over the American worker then I'm out. I've got my 2023 Challenger 1320, and I won't need another one.

[@davidpowers8266]

Dodge is done

[@diingo9363]

The Chrysler building in Auburn hills is an historical building Lee iacocca fought so hard to get the loans from the government to save Chrysler pay them back extra and how that building bought with extra money they earned after paying the loans back he would be so sad to see where Chrysler is at today he did a lot of good things for America and it's sad people forget that that building has a lot of history and shouldn't be closed he would be so upset 😢

[@TheNinjaKnight1]

Okay. I'm a Detroit native. I grew up in the automotive industry. I can tell you firsthand what makes U.S. Automakers successful is not the profit and loss sheets, its making vehicles that are affordable, likeable, and fun, emphasis on likeable and fun. GM realized this that is why they are making the move to fun. Ford realized this and made the move to fun and fairly affordable. You mean to tell me, that FCA can't make a fun and affordable vehicle in the U.S. with American workers? All of our foreign competitors would strongly disagree with that notion. Look at Hyundai and Toyota. They are just as profitable, yet they have vehicles well within the budget of most Americans and most of those vehicles are built in the U.S. That should show you that we may need to change our view of how the UAW works with our companies to keep costs under control because the biggest difference with our foreign competitors have compared to FCA is they do not use unionized labor, yet their workers are well compensated and they make affordable, quality products. That's how Chrysler used to do it before the bean counters started running the show. Notice the years the FCA brands were doing great, Tim was running the show. When Carlos started putting his formula in the mix, everything got overly expensive, and sales plummeted. I say terminate Carlos and put Tim in his seat. I'll bet within three years he can turn this thing a full 180 degrees.

[@JaccZc]

You still got to have , quality with affordable. The industry is product driven got to have right mix of product in the marketplace, yet the American brands must be relatable to Americans, I don't want a dodge, jeep, Ford, Chrysler etc if their built outside north America... Then I may as well consider all foreign makes n models. Now to the numbers on these video the sales has substantial drop , they did make ton of money but they done nothing basically to market and build up the product line since they got here, I mean what product do the French have that sold in quantity here in America? What did they know about it? At least the Italians overall built up the Product n let the Americans do their own thing.. now the product is stall being bashed and the quality gaps are substantial and throwing the loyal people out! To shave costs on an issue apparently the new ownership not planned for. Ughh!! Now who's SEC allowed the merger sale of this company that was saved with publics money? 😮 Oh that guy saying he is selfless and Loves only America..😢

[@TheNinjaKnight1]

That's my one major gripe with President Obama. He saves GM to keep them American but forces Chrysler to sell to a foreign entity. Not cool at all with me.

[@JaccZc]

The SEC that allowed the Merger sale to stellantis was under the Trump administration. That is the facts.. I guess that means there were no other investors or buyers for this company but the French. I believe after the bailout there should have been stipulations regulating the sale of a company bailed out by the people. I don't know but it's a shame it's happening again,this time probably permanently

[@johnmcmullen456]

With all the outsourcing and robotics, employee labor comprises just 7% of the cost of a new vehicle. For the average sales price of $47,443 for a new vehicle and estimating a conservative profit of 10% to the manufacturer, the employee labor cost component is approximately $3,000 per vehicle. So even a 50% pay cut would only reduce a vehicle build cost by $1,500. Do you really think that cost savings is going to show up with a reduced MSRP? Maybe it's time to stop blaming the U.A.W. for Stellantis's poor management decisions.

[@markdanielczyk944]

I love how upper management blames employees for everything. Yet management destroys a company, walking away with their golden parachutes! Build vehicles that are reliable, people want and can afford, it's not rocket science!

[@WinfordStraub]

I believe Tim knew what was coming and directed his engineers to create the Demon 170 as a middle finger to Stalantis.

[@Deke1]

Well if they're cost cutting, maybe cutting his bonus is the first cutting that should take place..EV's are NOT the future!

[@richardkryston2990]

@@Deke1 I think EVs are the future, but that doesn't invalidate your point. Executive pay is out of control, and executives have forgotten a lesson Henry Ford learned early: employees are also customers. Cutting costs invariably drives wages down, and pretty soon your own workers can't afford the very product they're producing for you. Henry Ford also cut his own per-unit profit margin to the bone by DOUBLING his employees' wages and cried all the way to the bank because they all went out and bought Model Ts. What he lost per-unit he more than made up for in VOLUME.

[@Deke1]

@@richardkryston2990 Ev's aren't the future, it's niche product only. Recent survey of EV buyers 50% said they wouldn't buy another one..

[@GORT70]

They have their place. Don’t race one, you’ll lose. They’re silent at speed, reducing fatigue and you can bypass the gas station for convience.

[@Deke1]

@@GORT70 Nothing but aniche market...50% of EV owners said they wouldn't buy another one,,I don't have to wait or find a charging station, 5 minute fillup and I'm on the road again, while an EV OWNER WILL BE TRYING TO FIND SOMETHING TO DO FOR HOURS WHILE the EV charges

[@richardkryston2990]

@@Deke1 here I was agreeing with everything else you said, but you chose to focus on a minor point with which I disagreed. And we wonder WHY things are so fucked up and this country is tearing itself apart at the seams?

[@waydephilpot3749]

Dodge & Chrysler didn’t focus enough on a broader portfolio of vehicles. You can only sell so many Chargers and Durangos. They've lacked a high volume compact car for years and they've neglected the small crossover segment until the Hornet. Regarding Chrysler specifically, you have to wonder why that brand still exists. They could've branded the new minivan as a Dodge and why have they continued to sell the 300?

[@patrickradcliffe3837]

Yep agree they need another bolt of lightning like the Neon from the 90's. Unfortunately the Caliber, Dart, and Hornet missed the mark. Unlikely to happen since there marketing and design have missed the mark time and again.

[@cgkuch4184]

If these American companies outsource North American jobs maybe the president can start putting tariffs on these outsourced vehicles

[@joel6513]

Damn right, the Charger and Challenger are Canadian/ European cars (made in Canada, owned by a Euro firm). I agree that companies shouldn't be able to wear the skin of a American legendary brand and pretend it's still American. Buy a Mustang or Camaro, both are made in America.

[@scottnugent4791]

They will simply raise the prices to cover the tariffs. Not buying them is the answer.

[@jointhefist1016]

@@joel6513 Much different than building them in Canada, than in a different continent or honestly even in Mexico And if you want a American built car, you'll need to pay decent American salaries, making higher car prices

[@joel6513]

@@jointhefist1016 No it's not, I'm a Canadian living in the USA and no, Canada jobs and Mexico jobs aren't our concern and don't benefit us, thats why they don't build them here, because its cheaper to build them elsewhere.

[@jointhefist1016]

@@joel6513 They actually do benefit you, if you want lower prices. And they became their concern, when they starting building them there

[@Daniel-l3x7f]

That was nice set of statistics. However, as the vehicle prices went up much faster than the cost of living how do the price increases compare to the amount of vehicles sold. I understand that he will reduce cost, but do not expect Carlos to pass much of that savings on to the American consumer. That extra profit will be passed on to his stockholders.

[@devonp5079]

Dodge hit the wall going 149

[@Hemibuck95]

My stable is 100% Mopar. But I don't see myself buying anything from them in the future 😢

[@henryhudson4965]

Paying 100k for any Dodge car is ridiculous 💯 15:38

[@ArshAZ83]

paying 100k for any American-made vehicle is ridiculous

[@Welcometofacsistube]

Now now children. Calm down

[@ducktails1695]

Paying $100,000 for any vehicle is ridiculous

[@mre_nolasport5392]

They are killing one of my favorite brands smfh

[@ArshAZ83]

Dodge died when they began rebadging Mitsubishis as Dodges. They had a small revival under Daimler, went into a coma under FCA and proceeded to flatline after Stellantis took over.

[@mre_nolasport5392]

@@ArshAZ83 cant say they flatlined under fiat selling the number one vehicle for the price and segment. The challenger was the best selling car in that price point for a while. Charger was best sedan. The mustang finally dethroned them this year because of them dropping out. They literally did the opposite of flatlined in that segment.

[@dkhill27]

It's the titanic. It's just a sinking ship at this point.

[@PILULE-ow9sk]

Im sorry but I can't be with you on the prices. 125k CAD no markups, for a widebody hellcat with a basic ass interior. Thats the price of a small house about a decade ago. You could go see BMW or Mercedes and get performance AND luxury for that price point. You will definitly have a better dealer experience too.

[@johnnyboyzZ]

Net profit was €18.6 billion last year. They don't have to reduce American jobs at all.

[@EthiopianSCOOT23]

Greed

[@ArshAZ83]

bbbut the shareholders were crying their ROI wasn't as high as they were told so rather than making the CEO take a massive paycut they lay off all the American workers.

[@jonadams2441]

Corporate greed plain n simple

[@don66hotrod94]

Is he going to cut his salary and bonuses by 30%?

[@bondobilly9369]

The big three never learned from the last bailout. They need more cheaper cars that flood the market with a decent build quantity.

[@scottyk5627]

500 layoffs at Sterling Heights Assembly plants I believe was announced yesterday. Another 1200 to 2000 salary employees from Auburn hills is being let go between today and Wednesday

[@CaptainCaveman-l7p]

They tell me why my plant is working 7 days 12 hours

[@VincentFisher-e8b]

What a cluster fuck . This doesn't help Detroit .The city is having a hell of a time trying to rebuild itself.

[@Randygibson-mf6nn]

I will miss dodge brand, but the writing is on the wall. Greed is what's happening on both sides. Great info as usual. Thanks racerx.

[@TimVojta-e9q]

I think a big reason the cars aren't selling is because Chrysler Corp lacked the budget to update their platforms. The Durango, 300, challenger, and charger are (were) ancient platforms. No one wants to pay 2024 prices for a car last updated in 2014. Just my opinion.

[@ArshAZ83]

Porsche's platforms typically run about a decade, they are much more expensive and people have no compunction shelling out the big bucks for them. It's more like they don't like spending 100k+ for a car and the engine breaks as soon as they do what the car was supposedly made for, like the demon 170 fail.

[@TimVojta-e9q]

@@ArshAZ83 Porsche is low volume sales and they constantly refine their product line

[@patrickradcliffe3837]

Ummm... the platform itself is twenty years old, Durango even longer. They've really had nothing new in the pipeline for that segment of the market.

[@danlaur7973]

Racer X, sell the Demon while you can still get good money for it & go buy a Z06, way better all-around car that can now be bought for MSRP, Dodge is circling the drain

[@vettesweetnos]

Love my Z06 and turbo s. Corvette and Porsche are about all that's left worth buying for an enthusiast car for carving up roads. Maybe the new lotus too

[@flashnmb1]

The whole industry needs to get back to basics! Jobs & Industry create economic capacity to purchase such vehicles. Going global for manufacturing & outsourcing cheap labor; exterminates its very customer base, making America’s military unable to supply defense materials. Seriously doubt overseas has superior technology or engineering capabilities than USA; not logical to outsource for inferior design. Chrysler did it before with a multi use platform; need a visionary like Iacocca.

[@philsharp6120]

I brought a new 21 grand cherokee Srt Rhd down under before the V8 end. The factory 20x10 wheels are stamped taiwan. The spare tyre is inprinted made in russia ! I also have a 2018 trackhawk and just replaced touch screen. When I pulled screen off unit it had made in china labelled on back. I understand v8 engines are made in mexico. It would appear many components are already out sourced but assembled in US.

[@TheTommyOhh]

They are outsourcing engineering to low cost countries, namely Brazil and India. These cars, if they are truely going to compete with the Chinese, are going to be more problematic and will go downhill.

[@LWRC]

Stop right there - Dodge made really fun cars! Yes, their muscle cars were truly on to themselvs and there is a very small segment of the auto market that caters to this type of vehicles. Given the name of the game is to make money, if that small segment of specialty cars can't make the entire company profitable, the it will be reduced or eliminated completely! So how many of you folks out there voted for potato head in 2020 and how''s it working out for ya??!!!

[@JamesMoore-wy2ud]

So you believe Diaper Don would have done better?Don't lie to yourself.

[@LWRC]

@@JamesMoore-wy2ud Look in the mirror james homeboy! 1. Potato head decimated the oil industry on day one of his admin and drove energy costs out of the world! 2. That in turn made everything more expensive and triggered hyper inflation which we are still feeling today 4 years later! 3. Potato head's green agenda is killing our domestic auto manufacturers! 4. Potato head's disasterous withdraw from Afghanistan cost 13 American lives and we lost billions of military equipment and munitions to the enemy! 5. Potato head allowed a Chinese spy balloon to fly across the entire continent of the US including over some military missile bases ! ! ! W T F ???!!! 6. Potato head printed trillions of dollars and devalued the money in all our pockets by 40% ! ! ! And you think this is good ?? - you have lost your mind and this is beyond stupid - it is insane!

[@JamesMoore-wy2ud]

So your thing that lying fool of an Ex pres would have done better? DELUSIONAL 😅

[@jeffrymcallister2789]

I’m going to miss the Ram trucks I loved that truck for a long time but Stellantis is screwing us over and taking out all Dodge dealerships in the United States 🇺🇸

[@goobcutusofborg3357]

Well, that’s why I just bought me a 2022 Charger R/T Plus in Indigo Blue. Found one with everything I wanted and nothing I didn’t want. 8,300 miles from a 1 year Dodge employee lease. Got them down to $37,300. I’ve always loved my mopars and I’ve always wanted a Charger. Finally got my dream car. I’m not a modder or anything like that, but love channels like this. Keep em comin RacerX!

[@RalphTrautwein-oh6he]

Under Stellantis there won't be much of anything left in America. Those previous record profits were because they raised prices. I just don't see how anything they do benefits either the Dodge fans or the workers in America. It would be really surprising to see the numbers go back to where they used to be for sales.

[@bradleyrupska4988]

The average consumer in America is just trying to pay for there homes or more of them trying to make rent. Their cost of living has skyrocketed! So, when trying to buy a new car this year. The prices have went up exponentially!!!! Most people just can't afford to buy a new car at any dealerships prices!!!!! The cost of just housing and living without transportation has a very less percentage of families that can even afford to own a car. I live in Saint Petersburg Florida now. I moved here in November of 2018. I couldn't or would not try to move here now!!!!

[@jeremyedgington1]

If they kept the V8 and sold it where they didn’t rob there customers of a arm and a leg they would be selling a lot more and you wouldn’t be seeing your numbers in the red . and dodge and ram would be building more for the demand

[@jointhefist1016]

For a lot of people, a v8 isn't the only reason they'd buy a car. They need to improve their cars overall

[@michaelsimko7694]

For over 40 years now, a combination of taxes, fees, emissions/greenhouse laws, and labor costs here in America have caused many manufacturing jobs to be lost. Companies are trying to save money for themselves and lower costs for the buyers, so they end up building warehouses and plants in parts of the world that have lower labor costs vs the American Dollar, lower property taxes, lower fees for utilities, and fewer and lesser strict laws involving pollution and climate. That's also the case with customer service hotlines. We've become used to talking on the phone with somebody in India while going over an issue with a credit card account or needing assistance with our Ebay account.

[@CMDR_Shokwave]

When I worked at the Grand Cherokee/Durango plant, they would put black stickers on all the warning labels on the batteries of units going to China. They are a bit looser on their environmental/public health concerns. Lol. They would actually reject import of ones that didn't have shit covered up. Different ball game rules over there. You can literally say they play dirty.

[@eldiablort1461]

I’d seriously consider selling that Demon 170. There’s no way the company is going to continue to stay behind the previous gen vehicles

[@LWRC]

To be able to compete with China, this new CEO will have to cut costs by 95%! What are engineering and production costs in China??!!! It may be cheaper in Europe but even Europe can't match Chinese labor costs! Carlos is basically snuffing the life out of Stellantis!!!`😊😊😊

[@michaelriebandt6754]

Corporate Building for sale in In Next 2 years. I been Mopar guy my whole life I have never owned car that was not a Chrysler, even used vehicles were Chrysler product, my dad worked for Chrysler. I remember when that building was under construction in early 90's.very unique building with Pentagon symbol at top of building. Lee Iaccoca built that Corporate headquarters with profits from Minivans. What happens to Technology Center on property next to Corporate headquarters?. I have Friend that is Engineer at Chrysler.

[@jvc350]

@racerx I kind of disagree with you. 2020 2021 we had Covid. We had extremely high pricing and until recent months you couldn’t get a discount on any car all the cars were overpriced. A lot of the cars wouldn’t sell because the dealers wouldn’t do on the pricing. Remember, they had inventory problems you couldn’t get parts or cars. Lots were empty. The decrease in numbers is really an impact in dealing with the dealers and high prices with no inventory.

[@patrickradcliffe3837]

I wouldn't say that prices remained steady. I got my spec'd 21 Challenger R/T out the door 4,200 over MSRP.

[@roberts3942]

Since the pandemic, CDJR dealer lots have been filled with over-optioned, overpriced vehicles. So, it is no surprise that unit sales volume has steadily decreased. Basic Econ 101.

[@ShawwwHa]

They are not cutting costs to lower prices. The cost cutting is to increase profit margins to raise stock price. That's it.

[@RacerX9]

Which they won’t be able to do if they prices don’t come down and they don’t sell more units

[@ShawwwHa]

@@RacerX9 suppose you sell 10 units for 10 dollars, and you decide to double the price. Now you only sell 5 units at 20 dollars. This means that your profit margins went up because you only need half of the input costs. Obviously this is over simplified but that's the basic idea. When your company releases it's quarterly statement you can post higher profits with fewer sales. Investors like higher profits so stock price goes up. You now get a fat bonus and can sell your overvalued stock.

[@LWRC]

Will Stellantis kill Jeep? Why are FCA brands being bashed? Did they ever put out a good reliable product? I have a 2016 JKU Wrangler and it is my first and only American made vehicle. I like it for what it was designed for but the number of defects on this vehicle is more than ALL my past and current vehicles COMBINED! Who pathetic is that??!!! If Stellantis will get some proper engineering and productive workers, then that would be a good thing!

[@MA-id1hr]

Love your videos and energy! Now..... If you think that a company is going to outsource or cut cost and PASS IT TO THEIR CUSTOMERS.... 😂 Man...... when has that been the case???? They will increase stock buybacks. per share earnings and executives bonuses. 100 percent of the time, THAT IS THE OUTCOME. Not 99 percent... 100. 😂 Companies these days HATE THEIR CUSTOMERS. BUT YOU KNOW WHO THEY HATE MORE...??? THEIR EMPLOYEES.

[@nickrevezzo3714]

"Stellantis is NO LONGER an American company". Finally, someone said it. Thank you Rod Meloni.

[@danielhemple8649]

I'll stick with my 50 year old 440 six pack challenger, and run my 16 hemi ram both paid for😊

[@Orecatmeatprocessors]

Forget about Stellantis! I had a wife that was never happy no matter what you did for her. He's the same way! Somebody will start building fun cars and it won't be the crazy French! A secret you don't know in 1960's and 1970's I worked for Dodge Division in my 20's on the West Coast sold cars and trucks to dealers then coordinated truck production. I built thousands and thousands of trucks on paper., Etc. It finally left because there was no future working for them

[@Karbin01]

Carlos made the decision to jump the price, across the board, for Chrysler Group vehicles to pay for buying FCA. All he wanted from buying the group is a entrance into the NA market. Lets take a look at, just one plant. Building the same products for 15 years. Yes, I'm talking about Brampton, home of the 300, Charger and Challenger up to the end of 2023, All the tooling is paid off, so all there is to pay is the standard overhead for running the plant. No major upgrades to that plant for the run of that product. Yet, costs cut every year of 7 to 11 % per year over 15 years. Hell... it got so bad that buying paper towels for the washrooms needed a corporate permission. For the plant making the most profitable, per unit, products in the line up. Carlos wants to kill it all off except for Jeep. The rest will be nothing more then re-badged euro-trash. The Hornet is just the start.

[@robertgreen4050]

Bottom line is if you are not competitive with the rest of the industry as far as price quality and what people want you will eventually go the way of the dodo bird it's a dam shame

[@angelr4429]

I just don’t believe it at this point. We know from the corporate level when they cut cost, it’s so they can make MORE MONEY. They won’t pass those saving to us. The trickle down effect has NEVER worked.

[@ocmotivator]

Great points RacerX! I just think things will be changing for Mr Tavares very soon.

[@Mikey-wf9py]

People are starting to realize that an expensive car is more or less a toy. A status symbol you don't need it. A $3,000 minivan will get you and your family around just fine. You understand because we're so broke we can't afford those kind of amenities anymore. Now you just get what you need. Not what you want

[@williamcampenni2566]

Chrysler is already gone. Dodge, Jeep, Ram will probably be gone by the end of the decade. Unless an American company buys back Chrysler brands.

[@PontiacDragRacer]

As you go down the list of cars sold, you forgot to factor in the number of models to sell. IF you ony have one Chrysler product for example, you need to sell butt loads to match those earlier profits. The 300 was a great car too. I see Chargers and Challengers everywhere. Then they cut down Dodge products too. So, don't be so quick to back those dollar figures.

[@msallies]

The problem is the company won't reduce prices. He stated it clearly on the investor call that he has priced Stellantis vehicles at the high end of the price range and that the profit margins are higher compared to the past. Vehicles are not selling because the company thinks it can still get covid pricing. If you let go all of your US employees, who's going to purchase your vehicles? Americans will buy American brands.

[@JA-zh5xi]

It’s been known for a long time the only thing of value that CDJR has is jeep wrangler and ram. Thats it. Everything else can be scraped because it’s all trash, but people will overlook that for wranglers and rams. The rest are worthless bottom of the barrel cars.

[@valm9541]

Racex. Love your content. Quick clarification. Dealer margins have nothing to do with the oem margin. Those are two different numbers.

[@stephenwalling5878]

Don't reduce costs and let them sell it for much less than they baught it for. This is still America, we don't care about Europe. Let them spin off.

[@zxtenn]

I guess when i want a replacement for my 2023 RAM 1500 i will be buying a Nissan Titan.

[@sonnyspencer9788]

I work here at stellantis and the stuff you hear on the news is nowhere near how bad the problem really is. They just laid off 500 people permanently at one plant in detroit yesterday July 2 2024. He has stripped every company that he has worked for down to the bear bones than he goes and sells it off.

[@AD1978leo]

I'm going optimistically look to the up side of this.... the return of street and track builds

[@LWRC]

One of the key cost factors for Stellantis is the insane EPA emissions that forces auto makers to comply or buy carbon credits from battery car companies. Stellantis has had to pay hundreds of million of dollars each quarter to Tesla to buy carbon credits! This has a direct impact on the bottom line! And as such, where do you think they will make up the cost? They raised the prices across the board and is why you see $100,000.00 Jeep Wranglers. $85,000.00 1500 Ram pickup trucks! So all you folks out there crying about these insane prices - you can thank the Democrats for doing this green agenda on the entire auto industry!!!

[@vettesweetnos]

Yep, you're not wrong

[@softwarephil1709]

Thank you Biden-Harris.

[@donaldmartin4980]

Oh well, Dodge screwed me over three times in my life . “ If they die, they die !” …. I couldn’t care less ..

[@markdc1145]

Looks like Carlos is pulling a Daimler on Chrysler again. Nobody wants EVs

[@bryanleary4078]

People are tired of the shit electronics and 80,000 mile transmissions ...ect, ect, ect

[@Classicmoderndodgefan]

Save dodge save dodge save dodge

[@asajayunknown6290]

The sales declines are EASY to explain. PRICES are TOO HIGH! Profitable? Maybe. Sustainable? Not a chance.

[@chuckgladfelter]

After Chrysler abandoned US manufacturing of the Jeep Cherokee but kept the MX manufacturing of the Compass, I'm pretty much done with them. Belvidere closing hurt a lot of people.

[@bryanstoll7104]

I own a 5.7 Ram and a 392 Challenger, after seeing the price gouging at the Huntsville Dodge dealer I won't be going back! The Ram is a 2023 and the Challenger is a 2022.. "Last Call" was a rip off 😂😂..

[@RollinIsbell]

There is no FCA .... it's Peugeot/Fiat. They just chose to use the Stellantis name to distract us from the fact that Peugeot and Fiat have a deservedly horrible reputation.

[@mr.300c]

No way Stellantis pulls this off with their current/future offerings in the U.S! Tavares is doing one last hail mary with a 1% chance to turn everything around. My guess he'll try to execute his plan until 2028 or 2029. Once he fails, then it's time to go out of business or possibly sell Dodge/Chrysler for cheap. He'll keep Jeep and RAM is my guess.

[@EGGSCENTRIC]

After WWII people were earning raises faster than the executives. Then consultants became more prevalent and they started to turn the tables on the workers. Now it’s common for executives to earn insane salaries and bonuses.

[@georgecarousos6735]

This is off topic but Carlos would make an excellent villain in the next James Bond movie. Time to go see what Gladiators are now going for.

[@sandybeach7009]

The final scene could be the villian Carlos battling the hero Tim Kuniskis on top of the Chrysler building with the villian going off the edge...?

[@ex.spaceshuttle.worker]

​@@sandybeach7009too funny, like King Kong did in 1933 on top of the Empire State Building LOL

[@FoolsAmongUs]

unions ............ stellantis ............ AND THE DEVIL "fain" ........... greed is not good, Absolute greed = unemployment MICHIGAN BORN AND RAISED Dearborn Heights

[@emikomina]

stellantis is finished, they are hot garbage

[@tedsaylor6016]

Walter Chrysler is spinning in his grave.

[@richardkryston2990]

I listened to one of these videos (NOT RacerX) and the talking head was laying all the blame at the feet of the UAW for wanting the workers to get raises. The ENTIRE justification for the union's "unreasonable demands" was the 60% increase Carlo received. I just wanted to make that clear.

[@softwarephil1709]

UAW greed absolutely hurt worker jobs. American workers are competing with Mexican and other country workers.

[@daviiwonder]

Damn your behind on this compared to TK

[@johnbeckham1483]

Carlos Tavares appears to be destroying Mopar?

[@frankensteinmotors6233]

I think they should just sell CDJR to an American company that has money to invest and knows what the American market wants and needs and we all can agree with this, We need more affordable good cars, more affordable fun cars and more affordable pickup trucks, and we also need to Abolish the EPA

[@softwarephil1709]

What American business wants Mopar? It’s a dumpster fire.