Stellantis fires back at furious dealers who blame CEO for ‘Devastating Collapse'

[@electricviking]

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

[@boxerfortyfour1153]

Stellantis raised their prices 50% since 2019 no wonder no one buys their cars.

[@bluelithium9808]

61%.

[@Kawasaki750triple2stroke]

And quality declined too.

[@BobskiGang]

@@Kawasaki750triple2stroke quality have improved with latest models.

[@TecnamTwin]

@@BobskiGang Quality is irrelevant if you simply can’t afford it.

[@aussiefarmer6012]

100 percent the boards fault.

[@gordonallen9095]

The executives of Stellantis have DESTROYED the brands of Chrysler, Dodge, Jeep, and Ram. The majority of their vehicles are now overpriced, with cheap parts, poor fit and finish, and poor reliability. The dealers of these brands screwed over buyers with inflated prices, and poor service after the sale. Their hands aren't clean either. This is a "sinking ship" that ran into an iceberg of greed with their eyes wide open instead of sailing around it by using good judgement, and sound business practices. I feel for the workers, and the consumers who have invested money in their vehicles. Both are getting screwed.

[@sunking2001]

It appears like you've summed it up really well. Good writing!

[@davidorama6690]

Yep.

[@dtnjnq]

These American brands were poor quality to start off with.

[@aliasno.4andover644]

They even screw over used car buyers as well. I reluctantly purchased a 2016 Ford Focus from a Dodge dealership that should have been wholesale. They marked the car up about $6000 or $7000 dollars when it was only worth $3,000 when I bought it. They lied and said everything was fixed and check engine came on a week after I bought it, never again.

[@FoamCrusher]

In the US, Stellantis tried to make Jeep into a premium brand, raising their prices of their top models to over $100,000 USD, while not increasing the quality to match - basically putting lipstick on a pig. In the process, they left their former mostly young adventure type core customers behind. They don’t want all the bling and can’t afford it either. Add to that over production and the result is large numbers of expensive vehicles sitting on dealer lots racking up flooring costs on vehicles that can’t be sold. If Stellantis doesn’t start giving massive rebates soon, you will see dealers going bankrupt and closing.

[@gregj7916]

Pigs are smart, not wise to compare them to Stellantis.

[@michaelmcfeely6588]

No bailouts for the auto industry. Tell the auto industry and their supporters in Congress to not even think of asking for a bailout. Not again. Never again.

[@AnemosFPV]

Same goes for tesla. Let it fail

[@btrts6431]

@@AnemosFPVWhat are you talking about? Tesla was given one loan, which it paid back early with interest. They’ve never been bailed out.

[@Kawasaki750triple2stroke]

Yes taxpayer money shouldn't bail out stupidity.

[@jaywu2856]

Right. Bailout are only for Banksters and Wall Street crooks.

[@bogususer2595]

​@Kawasaki750triple2stroke Sorry, that's not how it works. if they can make the case that they will save American jobs, they'll get a bailout. Last time during the financial crisis, Chrysler was owned by a private equity company and still got a bailout. so millionaires were bailed out. WTF?

[@emilianoruiz7681]

who is going to spend 80k-100k for a work truck that will lose half its value in 4-5 years?

[@lrg3834]

Cybertruck buyers, only it will take less than 4-5 years to lose half its value.

[@raymondcrew8785]

If it is an actual work truck, that is ok. If bought by a company, used super hard and generate lots of revenue it works out.

[@kenny6055]

Most vehicles lose 1/2 their value in 4-5 years and is why I buy 4-5 year old vehicles

[@emilianoruiz7681]

@@kenny6055 yeah buy why pay so much for a work truck? That's on luxury car level I'd rather get a Lexus or BMW for that price.

[@lrg3834]

@@kenny6055 , you are very wise in that regard.

[@KA9DSL]

Seems that when a company is in trouble, the CEO gets a big bonus.

[@JohnJones-k9d]

The american way. Look at all US Car manufactures, Boeing, US airlines etc.

[@joemills950]

Just like government.

[@firefighter4443]

That’s because 1:32 reckless short term decisions to make incredibly short term profits is good for stock holders

[@charlesmoss8119]

The Stellantis group was a conglomeration of brands that had often struggled - grouping them together was supposed to reduce costs etc through part sharing and the like but actually has just seemed to create a company without values that is seeing the worst of each company become dominant - and it is entirely the fault of leadership

[@mikebutzon3317]

Look what happened when Boeing/Lockheed merged. Bean counters took management away from the Engineers. Profitability replaced Quality and Safety.

[@u686st7]

You can't make one good company out of several bad ones.

[@asajelfs8170]

Stellantis is the new Blackberry.

[@paulc6766]

@myhome772 Overstated.

[@DouglasW-m9z]

You meant rotten Berry, stinks not black

[@onedaya_martian1238]

BINGO !!!!

[@CrumResearch]

Yes, they were on to something with the Wrangler 4xe, but haven't inceased battery capacity above 18 kWh since the 4xe drivetrain was introduced in 2021. Oh well, missed opportunity.

[@wonderwalls3565]

No its not. Alsi BB was a far better phone that any other phone in the market. The only reason of BB downfall was it was too secure phone for the common people and the int establishment wanted people to use iphones or android phones.

[@Dani-it5sy]

When the whole EV plan came, manufacturers had 2 options. 1: Use their knowledge and experience to explain politicians that this is a very bad idea and a dead end. 2: Just play along and try and make as much as possible money out of it. They picked wrong.

[@marshallforeman2051]

This company should’ve been put out of business when they needed the last bailout , no more tax dollars for this POS corporation

[@sonnylatchstring]

Like Mercedes, BMW and Volkswagen

[@kitatit]

In an Australia, a few years back, Jeep had a big advertising push and a lot were bought. Most people who didn’t know better have figured out they aren’t the best vehicles. Never mind the prices now.

[@wonderwalls3565]

Niether are BMWs/Mercedes/Audis/VW but Aussies still buy them.

[@kitatit]

@@wonderwalls3565 You are absolutely right. They are expensive liability for those who don’t know better, or those who can afford to not care. I hope Toyota doesn’t Kodak itself. I’m really hoping we don’t end up with Chinese cars as our only choice. They are making some OK cars but I’m not considering any until they have a proven support network and track records for reliability and customer service. Luckily I only do 5000km a year and can afford to keep my 24yo car which is simple enough to maintain myself. It only owes me scrap metal value now. Every extra year I can ring out of it is a bonus. Yearly EV insurance rates are more than I paid for it 11 years ago.

[@anthonyxuereb792]

Not to mention the appalling customer relations.

[@loqutisborg5416]

Any bets that when the shareholders REALLY get fed up, The CEO will be given an outrageous severance package and a "Thank You" for leading the company thru tough times???!!!!

[@mister-amazing]

Over 1000 new cars for sale at my local CDJR... the cheapest one is $45k. What a joke. Need a %50 discount on everything

[@alexishart1989]

Stellantis put the wrong Carlos in charge of the company.

[@anthonyxuereb792]

Good one.

[@geo8rge]

I talked to Mr Ghosn and he told me to tell you he is still available.

[@gm5873h]

Who is the other Carlos

[@anthonyxuereb792]

@@gm5873h Ghosn

[@erik_dk842]

Ghosn? (Spelling plate)

[@stuartmarshall7099]

Jeep JK started around the $36k mark. Current model is what? Closer to $80k

[@markmcculloch2570]

That’s why I bought a Biac BJ 40. Half the price. Cheers from South Africa

[@MisterOldSkoolRyder]

$36k was way too much before 2019 and $80k is totally diabolical.

[@undisclosedthai]

Thanks to Stellantis. Now I see both pro-fuel car KZbinrs and pro-EV KZbinrs are making the same topics: How bad Tavares and Stellantis are.

[@Orecatmeatprocessors]

Don't buy their junk!

[@ДмитрийАндрианов-й4ы]

Absolutely all Western and Japanese automakers are experiencing a sharp decline in sales and profits. Everyone is looking for reasons, blaming each other, making plans to get out of the crisis. But everyone knows the main reason that starts with the letter "C" but is afraid to admit that this roller can no longer be stopped. At the last auto show in Chengdu, there were almost no people at the Mercedes stand (!). Visitors were interested in completely different cars. This year, the oldest and most authoritative Swiss auto show in the world announced that it will not be held in 2025. Why do you think that?

[@davis.fourohfour]

No seems to notice ALL retail and entertainment sales have stayed down since COVID.

[@ДмитрийАндрианов-й4ы]

@@davis.fourohfour Can you explain why China is on the rising?

[@ДмитрийАндрианов-й4ы]

@@davis.fourohfour How can you explain China rising?

[@paulsi1234]

?? Toyota had record sales in 2023. Also number one in worldwide sales for 1st half of 2024.

[@ДмитрийАндрианов-й4ы]

@@paulsi1234 Yes, you're right. Toyota is exception

[@terl99]

I think many manufacturers are currently in survival mode because there are too many insecurities.

[@ren2704]

Hello from France. The reason is simple, Stellantis doesn't believe in EV at all. Most of the electrified models have ICE variants and for instance for Peugeot and Citroën, they are still believing so much in their PureTech gas engines and still believe these are the future.

[@paulo3564]

As Toyota

[@ДмитрийАндрианов-й4ы]

@@paulo3564 Toyota believes in hydrogen

[@joetz1]

I hate saying this, but a lot of people are blaming the French for the mismanagement of the brands

[@rozonoemi9374]

@@ДмитрийАндрианов-й4ы Ukraine loves the Mirai😊

[@OkramCirdom]

They do not belive anything, they know they lost and tryng to milk ICE and invest in Chinese EV. They know that Chinese manufacturing is 10 years in front of them and they can not keep up. It is a Cashgrab before the end. The Winter is Coming.

[@tedgrier6249]

Sad story… I am a 7x Jeep owner. We need better management.

[@chuckrogers5567]

The CEOs of these legacy auto companies are enjoying their own demise with their bloated salaries. Huge technological changes always bring chaos as the winners and losers are sorted out.

[@mikegaskin5542]

Aren't these dealers the ones who only want to sell $100K+ Jeeps and RAMs?

[@grahamcampbell8297]

Sam, the expression is “never apologize, never explain!” This was the expression of Louis XIV of France, the Sun King!

[@Slide61]

Watched a video from a car repair shop who was continuously working on a low mileage Ram 1500. Radiator, head gaskets, water pump...in that order

[@t20turnaround49]

This CEO should be embarrassed to being picking up half a million dollars while leading this shambles let alone the crazy amount he’s still picking up at the moment.

[@jpb4264]

No CEO is, with the exception of Elon Musk.

[@jgarbo3541]

Embarrassed? Smiling all the way to the bank. Money for nothing, suckers.

[@1rjona]

@@jpb4264yes, Elon is waiting for his billion dollar payout. He’d be embrassed at just a million dollars

[@davecramer9725]

Money for stupidity is what it is

[@chrisbishop3716]

I worked at a Jeep dealership in 2004. One time we took delivery of two truck loads of cars, not a single one was ready to be put out on the lot, every single one had some kind of problem that needed to be fixed before we sold it. If Jeeps were reliable people would buy them like crazy.

[@yo2trader539]

Stellantis is a European-based company with a dozen brands in their portfolio. They don't care if some brands survive or not. US has too many dealerships as well. And you should look at August European sales. Not just BEVs, the entire car market is struggling. Post-pandemic purchases are over, inventory has normalized, economic outlook is weak, and sales are rapidly slowing down. It's why Stellantis and VW are talking about production cuts.

[@vicpetrovich6266]

There is no doubt there are too many car makers in the market now with all the new Chinese entrants . Legacy makers need to slim down , sell assets , consolidate , innovate and rebuild if they are to survive . They need a refresh and rebrand . Some could still make it.

[@ZgO_o]

Do you really believe they would even consider being too overpriced, too many brands, slim down etc, everything is everybody else's fault from government figures to CEOs somehow never make mistakes, if they thought like you they would be competing with China peer to peer

[@larryc1616]

Too late for legacy auto. They lack the ev infrastructure and IP. They're gonna all go like Kodak.

[@wertigon]

If you haven't cultivated an EV line with the express purpose of that line becoming profitable, and eventually taking over, a Legacy Auto company has now run out of road. The only three legacy brands that have done this, or at the very least given it a serious attempt, are Volvo, Hyundai, and Kia. Some more legacy brands exist as EVs, but those are Chinese wolves in sheep clothing. The rest... Imagine a bunch of airplanes on the top of a cliff. They start 100 yd away from the cliff edge. The planes themselves require a minimum speed of 60 mph to achieve liftoff. Volvo is at 45 mph. Close, but just not quite there yet. They might end up falling over the cliff edge for that final shove. Hyundai and Kia are at 50 mph and accelerating. The rest are at 15-20 mph with 20 yards to go. It is impossible.

[@tesla_tap]

@@wertigon Agree - but note that Volvo is a Chinese company now! Of the old-line brands, seems Hyundai and Kia are the only ones making the transition effectively.

[@sk-dr8zu]

Legacy makers colonial lineage will never settle down for a shrink. that's why western empires never lasted longer than eastern ones. BTW western empires inflicted major damage on limited timeline during the occupied empires than the eastern empires did.

[@davidcarter9940]

Chrysler has been bailed out twice by the US government. Poor quality and recalls are nothing new.

[@kevinblackburn3198]

These electric vehicles are ridiculous

[@wooder32]

Jeep drivers deserve their very own risk profile in the actuarial data

[@jgarbo3541]

Soon the Chinese won't need foreign badges. Their won quality will win them market share.

[@stoapfalzrunden4150]

We have an Opel/Vauxhall Mokka E. It drives good as we expected it. But the electic components/capabilities are just bad for that high price (it starts at 37.000 € in germany. It was much lower 3 years ago). Newer models arent that much better in basics like battery precondition, limit SoC to 80%, etc. Its a huge disappointment. Charging speed in winter conditions is just laughable (20-30 kW)

[@BMWHP2]

Stellantis should have never take USA companies like Jeep, Chrysler, Dodge and RAM on board. Cut those brands lose, they are going down. Fiat (Grand Panda), Peugeot and Citroën are making a lot of good and affordable EV's for the EU market already. Brands like Peugeot and Citroën wont sell in the USA or Australia, coarse those countries people thing that every car needs to be a huge 3.5 metric ton Ute. In the EU, most sold cars are half that size, polute less and cost less.

[@jeffreyconstance6435]

I had a 2013 Jeep Grand Cherokee I bought new and it had 6 recalls before it was 6 months old. Before I could get the 1st recall resolved it had 5 more. How crazy is that…? Did I mention that it was the $50K Overland model of the Grand Cherokee which is now about $65K for a 2024 model …!

[@marcbjorg4823]

Jeep has pushed out too many fully loaded pricey cars plus the new Grand Cherokee is too big in size too close to the Wagnoneer. Most Jeep sales have always been V6 models, Wrangler, Grand Cherokee.

[@MetaView7]

I have always wanted a Jepp. I almost bought one on a few occasions. The new Jeeps are too bloated. The reviews are not good. They are not reliable. Just ask any tow truck driver.

[@jessegarman7899]

Our local dealer just opened up a brand new BIG new lot. Chock full of inventory. He also bought a jet and a new big home on the water. I wonder how this will end?

[@chriskillarney8103]

In the US Jeep prices have risen 61% since 2018 that is why they are not selling.

[@recurvearcher6542]

Thank you, Sam. I believe, as you have stated on numerous occasions, the ICE manufacturers have been caught sleeping at the wheel. The incredible speed and development of EVs and accelerated acceptance by the motoring public have created this confusion. As you rightly pointed out, they Stellantis are like a rabbit in the headlights, frozen to the spot.

[@yo2trader539]

If they were really asleep, how does one explain why major automakers are postponing EV investments, production, and targets? GM, Ford, Stellantis, VW, and Volvo are all pulling back from BEV production targets because the demand is weak and transition is much slower than they projected. Reportedly European companies are now putting pressure on European governments to relax some of the BEV mandates because they cannot meet the targets. European new car sales is incredibly weak and is slowing down. Europe hasn't recovered pre-pandemic sales levels.

[@dg7438]

Nobody cares about EV's. Hybrids maybe. Everyone loves their cheaper ICE cars.

[@Plow-b1x]

Jeep, dodge must be sold. The American market is different than the European market.

[@markopriego]

The problem with their puretech engine is horrible.

[@tesla_tap]

But cleaver name. Sounds like a more realistic engine name is putridtech.

[@ahrlo3060]

In my opinion FCA was doing much better, since the take over of the french with stellantis the whole company looks like a joke to me.😅

[@bigjack79]

The fact that they refused to make a few high mpg cars to raise their average mpg so they could meet the requirements to keep selling their muscle cars is wild.

[@PeteLenz]

Stellantis quality has been a joke for years. It was inevitable that would catch up with them.

[@markdc1145]

the FCA tie up wasn't great but at least there was some progress. Now this guy is wrecking even Jeep!

[@Ozzy4555]

Purchased a 2017 pacifica......never again!!!! Never!!!!!!

[@SuperChaoticus]

"Must. Maximize. Shareholder. Value." is going to collapse the world economy. Actual real people that aren't a part of the leisure class are running out of funds and falling deeper into debt. French Revolution 2.0 can't come fast enough.

[@marcbjorg4823]

In Europe Peugeot, Citroen sell okay. Even so they are junk.

[@kennethadler7380]

They are junk because of there French engineers

[@lawrencepak1917]

It is well known in Singapore that these brands produces crappy cars of high cost and low quality. No logical person ever buys them in Singapore. Their reputation is so bad.

[@wonderwalls3565]

SO does BMWs, Mercedes/VG/Audi.

[@99rollo99]

Like someone cares about Singapore market, come on dude.

[@jorgemoro5476]

NO TAXPAYER FUNDED BAILOUTS!!!!! Especially for a foreign company!!!

[@myronp243]

All I see when driving by the dealerships is a massive inventories. Here we truck owners avoid this brand unless you plan on trading it in after the warranty is up.Pure junk.

[@onetireonfire2777]

From the consumer point of view it looks like stellantis is doing their best to kill off all the old Chrysler products

[@roddycreswell8613]

Who would have thought premium trucks with economy engines and so called muscle cars with fake exhaust sound would flop?😂

[@TommyT777]

Great report!

[@michaelkeudel8770]

Self inflicted wounds by both Stellantis and the dealers driven by greed.

[@ChuckHolland-i4b]

Been going on since the 80s.

[@michaelkeudel8770]

@@ChuckHolland-i4b well yeah, theres inflation, they blew way past inflation numbers over the past 4 years and increased prices by 50%, and didn't enter into the NEW Union contract until last year, which gives a 20% pay increase over 6 years, or 3% a year. The rest of the money went into upper management massive pay increases, and stock buy backs and dividends. If your own work force can't afford your own product, your doing something wrong.

[@loqutisborg5416]

Corporate greed and Corporate Stupidity.

[@daveandjanwoolf8078]

Even the name puts you off

[@philhealey4443]

Does sound like a nasty skin rash or a menacing Sci-Fi city in a post-apocalyptic nightmare world.

[@The10thDentist]

Stellantis are hopeless and the CEO is even worse.

[@LovenessLife]

If you are not Chinese brand, you are 🔥

[@dennishaggerty463]

@myhome772the UK has proven you can still lose virtually all of you manufacturing base and people do something else for a living. Automation has replaced mass employment in the car industry and as soon as Elon builds his robot factory the remaining jobs will disappear as well. The Chinese build BEV’s better and cheaper than anyone else and legacy brand accumulators like Stellantis will stick their brands on Chinese EV’s just to survive. Only tariffs will save them in the short term, but as soon as BYD build a giga factory in Europe, then it’s game over.

[@TheLordexilius]

@myhome772 The funny thing is that Toyota still makes money and still has a high valuation despite being low-tech within EVs. Toyota claim to have advanced battery tech, but we all know they don't. They field 1 full EV and its outdated compared to most of its competitors. If Toyota were any good in EVs, we would know. That said, Toyota can still sell large volumes of hybrids, PHEVs and ordinary ICE cars and still make money. Their valuation on the stock market testifies to this. That is because their vehicles are reliable and of good quality tbh. This is where Stellantis is in trouble: it is neither advanced in EVs, and their hybrids/ICE cars are poor in quality. Peugeot and Citroen is literal industrial garbage and in fact even worse than VW ICE/hybrid-cars. That is why their time is up. Since Stellantis shares tech internally, i am going to assume their american brands has the some trouble as their French/Italian brands.

[@undisclosedthai]

No. We don't like Chinese products.

[@evanrhildreth]

In the U.S., the heir of Chrysler's original founder offered to buy the Chrysler and Dodge brands - Stellantis gave on official reply that snubbed them off. In Canada, executives from BYD were seen touring Stellentis' two Canadian factories, one of which is shuttered, but nothing has happened since. It seems that Stellantis doesn't want to improve nor do they want to sell - they just want to keep the brands only to drain them until they die.

[@sunsetusa6926]

Why is toyota sold out regularly? People want reliability, not gimmicks. Id have a new pacifica in the driveway if corporate cared about quality.

[@JoyClinton-i8g]

Stellantis is a Dutch company. It's largest shareholders are the Agnelli family (Fiat), the Peugeot family, the Ferrari family, and the French government. The US market is not its biggest concern. The holders of common stock are not its biggest concern (it is a Dutch company because the Dutch give special voting rights to "loyalty shares").

[@danbuckles2745]

A dealer here Hoblet is dumping Grand Cherokees at $10000 and a rebate $4500.

[@HM2SGT]

Yeah? And? So? The government spent one and a half billion of the taxpayer's dollars in 1979 to bail the auto industry out, then they spent 17.4 billion taxpayer dollars in 2008 because the auto industry is 'too big to fail'… can you conjure a compelling reason to think it won't happen again?

[@wonderwalls3565]

Imagine dealers complaining about increased profits.

[@briangriffin2905]

He won't be the first CEO to crash a company.

[@steve5090406]

The Chrysler group has been in decline for decades, that is why they were up for sale, Stellantis was formed after PSA took a huge risk and bought them as part of the FCA group. It was assumed that the new members of the Stellantis group would work together for joint prosperity. Chrysler group through AWU were never satisfied with this outcome, and constantly rebelled against every decision, they wanted things to stay as they were, so it has come to pass that their decline continues. Stellantis is so tired of this, no wonder they responded to the dealers in disrespectful terms.

[@reeceagland1980]

Stellantis is too big, too many similar brands competing in same market, not a lot of investment, lots of old products (particularly in US). It is also big on getting government handouts. But many governments now pushing back. Chinese will kill them. Expect Jeep to be sold in next 5 years. Jeep has had many owners. AMC, which went broke, bought by Chrysler which went broke several times before being bought by Stellantis and now suspect will be sold on again.

[@InformedKiwi]

Jeep is a horrible unreliable vehicle

[@Battle_pigeon]

First thumbs up! Thanks for everything Elec Vike!

[@electricviking]

My pleasure!

[@bomberaustychunksbruv4119]

Stellantis is a euro company, they seemingly arent bothered about the USA market.

[@VivaIsraele]

Thank you ELKAN; thank you Tavares

[@tantraman93]

Management: Let’s raise prices lower quality and put everything behind a paywall….buyers: PASS!

[@proudveteran4696]

If it’s junk it’s probably junk and that goes for the autos as well

[@chriswilson263]

Sam, you were bang on when you criticised them for chasing short term profits. Dead cat bounce.

[@KookaburraAU9908]

My friend had a Jeep Grand Cherokee and put 300,000km on it with only a few minor issues that were fixed immediately by the dealership. He however would never buy another Jeep because of the qualities issues now. Jeep is done in the market and will collapse soon.

[@JDMSwervo2001]

Nobody wants an electric Dodge charger😂Stellantis is done in the US. Not to mention jeep decided to move up market into the luxury segment and they aren’t selling. Dealers still have 2023 vehicles on the lot and 2025 cars are out now.

[@DanaReiman]

The dealers are correct. I bought my first Chrysler product in 1868, I have had a dozen of there -products and I am still driving a 2014 Chrysler 300. I have watched Stellantis destroy the product line. Ever since the unions comment about the CEOs bonus, he stated he would get back at them. Look what has happened.

[@jimclarence5441]

I've bought five new Dodge products. Last one was in 1993. In the past 20 years can't think of any "Chrysler" I would ever buy.

[@greggschoof8051]

I feel badly for dealers and employees. Management is to blame for poor choices, mediocre quality and reliability, and for not listening to customers. It’s inexcusable.

[@dancook4993]

All of the big 3 are suffering in the United States it’s so bad here all brands just sitting on lots no one can afford them

[@ChickensAndGardening]

I drive a 2012 Chrysler minivan that I got used. The Chrysler minivan design team is world class; they have been quite innovative even though the minivan market has shrunk; unfortunately, the prices have shot up and minivans are no longer an affordable option for working class people. The Pacifica PHEV is an excellent vehicle though likely to be eclipsed soon by BYD and Tesla (and even Toyota, which is planning a Sienna Prime PHEV). Jeep and RAM are still profitable and very popular in the U.S., but their prices are high. Don't know what's going to happen with Stellantis and Chrysler but they'd better start selling some lower cost innovative cars and trucks soon.

[@coced]

The CEO did exactly what the shareholders wanted

[@machinestephen]

Anyone remember when Citroen made charismatic, quirky and characterful but amazingly comfortable or very cheap cars. Anyone remember when Fiat were stylish, not under Stellantis the aren't. Anyone remember when Peugeot made staid, reliable good quality cars. Anyone remember when Alfas were a passionate dream of opera in metal and Maserati were proper class. Anyone remember when Jeeps were tough and functional. Now they are all just shoddy Vauxhalls in a fancy dress.

[@markcollins457]

The saying "Follow the Money". Who owns the company and what was the original intent to form the company.

[@jimclarence5441]

Chrysler's quality has been declining for decades. Then Stellantis and it's mix poor quality auto makers....just a poor value on all products.. Just no reason for any smart person to buy overpriced junk.

[@gimoyt]

Not surprised by this information...saw this coming about 2 years ago...simple analysis, count how many Stellantis vehicles are on the road...who will be next?

[@Watchshowroom]

The problem is Tavares doesn't love cars, he just loves money. Stellantis having this leader in charge is doomed.

[@N20Joe]

Dodge/ram/chrysler were the cheap, low quality, but CHEAP domestic brands: think Nissan. Then they raised prices 50% in a couple years and utterly destroyed their only reason for existing .

[@StevenHarron-h8e]

The new car manufacturing countries,,China, Mexico, India, Brazil, Thailand, Egypt. It's just to expensive to build in most first world countries.

[@SWR112]

You can only burn so many customers some loyal with increased prices for less quality and less customer service. They are burning bridges and then can’t work out why people are not returning customers. It’s too big a behemoth that it’s become blind and slow and too hard to manage.

[@nunyabidness3075]

Our local Jeep dealer has way more cars than ever. Where’s the big sales and incentives?

[@stevey_z]

In america, people view it as a foreign brand now, which it is.

[@dvader3263]

They're built in the USA at USA located factories, purchased by citizens living in and paying taxes in the USA at dealerships which pay taxes in the USA, sold by employees making a salary in the USA, supporting their families, spending all of their money and paying taxes in the USA.....

[@undisclosedthai]

CDJR are still domestic, but Stellantis, the current CDJR owner, is foreign, that making CDJR foreign.

[@Team-Webber]

@@dvader3263 it doesn’t matter where their built, who builds them, or who buys them…it is a foreign company. Period.

[@johnnyvvlog]

In 2019 I bought a top of the line Peugeot 208 for 21k. Same car now is 33k. That same 21k gets you an entry line car now. Maybe just maybe that has something to do with it 🤔

[@madhatter9001]

Is it time for America to boycott all Stellantis autos?

[@brianniziol6479]

High prices and poor quality are the problems with Ram trucks.

[@karoltakisobie6638]

Chrysler didn't offer anything of interest to me since they killed Neon. Fiat and French brands have nice cats but they don't sell them in Canada.

[@drphibesrises]

I'm sure his salary hasn't suffered and increased. No bailout. Let them go down.

[@FieldWorxoverlandadventures]

Jeep is an American icon, an American should be running jeep, and if this guy doesn’t understand it well look what happened you need to be born and raised here to understand so people are going to say what they’re going to say