Stellantis To Cut ICE Production Refuses To Pay Credits Or Fines

[@fisforfamily9585]

Not making the V8 cars to avoid paying the fines is essentially the same thing as quitting your job to not have to pay your car payment. So here they are.

[@esteban1487]

A local dealer said the EV Charger is going to be $70k to start. That's without a dealer markup. NO ONE wants this overpriced garbage.

[@troypollonais9143]

As a FL resident who has to deal with hurricanes, seeing a house burn down because their EV was in the garage when the house flooded is enough for me to say no way to EV ownership

[@servicerifle16]

Most of the auto industry: "Hey people just aren't buying EVs in the numbers to remain solvent, lets walk it back a bit" Stellantis: "EVs full speed ahead! Lets go!"

[@RussB.]

Just when you think Stelantis couldn't mess it up any worse, they turn screwing the pooch into an art form. These idiots are evidently reading a book on business for dummies and doing the exact opposite of what it says. I used to be Mopar or no car, but now I drive a low mile 1991 Silverado that gets compliments everywhere I park it. It's easier to get parts for and the parent company isn't about to fold like laundry.🤬

[@softwarephil1709]

Works for me. I don’t want ANY Stellantis vehicle.

[@23billd]

Darwin works again. Bye bye Stellantis!

[@Kawasaki750H2stroke]

Agreed. Cheap dollar store quality products

[@kinsmen1764]

Sad for me, it’s been hard on me as I was all in with the product

[@erictate8986]

I'm old enough to remember when Lee Iacocca CEO of Chrysler way back !! Him saying either, you lead or follow or get out of the way !! RIP Lee lacocca !!🇺🇸🇺🇸🙏🙏

[@pl5624]

He said that upon the debut of the cab forward LH cars..

[@gk5891]

I grew up to stories of Walter Percy Chrysler saving Maxwell (Chrysler), the launch of Plymouth and the purchase of Dodge Bros.

[@michaelbaja1854]

EVs are to restrict personal travel...doesn't serve any other purpose.

[@JA-zh5xi]

Yes! It’s all about control.

[@garfieldsmith332]

Yes. Small city cars for short run travel and daily home to work commuters only.

[@guestguest3715]

It’s all about control. You will own an EV or be sent to the gulags

[@JA-zh5xi]

100%

[@southeast7259]

This happens when ideology rules.

[@coniccinoc]

I don't know of a better automotive news channel for the stories I am interested in. Well done!

[@gregadams558]

They are stomping their feet like a child not getting their way.

[@esteban1487]

Carbon credits and fines need to go away. This is pure government extortion.

[@evos469]

Well design a fuel efficient V8

[@larrymeadows9991]

I agree 100%, should be buyers choice

[@denniswerner1670]

Free market should steer products. The consumer should steer products.

[@denniswerner1670]

@@evos469​​⁠​⁠​⁠the Hemi is pretty darn efficient for an ICE engine. My Durango RT gets an average MPG of 17-18, that includes the occasional towing of around 4k pounds. The EVs are a result of a government manufactured problem.

[@softwarephil1709]

Vote for Trump!

[@bindardondat5292]

The day Chrysler/Dodge/Plymouth was bought out by Stellantis, was the beginning of the end

[@robertratliff6030]

Let them go. The whole company/industry needs to be reconstructed from the ground up

[@TimBirchett2]

Wow Carlos Tavares is so mad they going to kill everything including the Maserati Neptune engine which is the closest you get to a new HEMI

[@rogerrussell9544]

Yet Elkins supports him, they must have quite the 'connection' to be so in lock step all the time. Do they pretend to be happily married?

[@christopherrichmond3310]

The build quality of new Stellantis products is shit anyway. Even the demon 170. Ill pass. I project STLA to drop to $8 when 3rd q earnings drops.

[@robertc.maxfieldiiphotography]

Not buying an EV and not a Stellantis anything! Oh and 500e range sucks!

[@aps125]

Downward spiral continues, death by 1000 cuts

[@richardmiller3808]

I'm telling you it's a way for the Chinese to buy Stellantis, that is their end goal.

[@Kawasaki750H2stroke]

Im thinking that also. BYD will buy Stellantis to sell their low priced EVs in the states under the Dodge, Jeep, Ram and Chrysler names

[@softwarephil1709]

Carlos is a radical liberal first and a CEO second.

[@codylgarcia]

You know what investors hate more than costs? Not selling anything. I wouldn’t be surprised if this news alone causes the stock to tank below $10.

[@Aimless6]

A Citroen Ami for free with every ICE sale. Problem solved.

[@brucebeamon5460]

🤔 MAYBE perhaps LIKE KARMALA harris husband he’s invested BIG MONEY in resources to produce ev’s and now he’s SORE that THAT investment is not paying off so he’s now just being hard headed to a FAULT !

[@mahidikarif2123]

This means that sales will continue to sink.

[@softwarephil1709]

Fine. Let them go bankrupt.

[@erictate8986]

TK'S Garage Friend keep up the great work !! 🇺🇸🇺🇸🇺🇸💪💪💪👍👍👍👍

[@garrettsmith2654]

If Stellantis can't sell EVs or ICE cars, then why are they here? Just because they refuse to pay the fines doesn't mean they have the right to cease production of ICE cars. We want V8s. We want gas powered cars. And if we don't want EVs, Stellantis will have to accept it. As Stellantis is moving Ram production to Mexico, and move Chrysler and Dodge to Canada, and have the EVs produced here, even though we don't want them, it feels like what we want is falling on deaf ears.

[@DD-ew1ed]

Another failure by Carlos T. You can get better but cannot pay more

[@pbrigham]

Is just hilarious to see the ICE companies paying to Tesla so they can sell cars :)

[@eldiablort1461]

You can thank the government for that.

[@bindardondat5292]

Let them go under.

[@ziminarblaze9670]

lol I swear it sounds like they are saying “If you don’t buy our electric cars we won’t sell our ICE engines then” 😂 ok buh bye 👋 I will jump ship to Chevrolet or Ford.

[@FullUhFools]

I don't know why Stellantis thinks the Dodge Hornet is worth what they sell it for. It could've been a cheap staple for the brand and made a lot of sales. If only it was cheaper, more reliable, and looked better.

[@tman4915]

It’s like this if Stellantis cannot get with the program and make things people want and can afford they WILL go out of business and all this cost cutting is sure signs of bankruptcy. Since stellantis is ran off incompetency the company is designed to fail under Carlos.

[@johnmarino4085]

Thanks for sharing !

[@TIREDOFEVIL]

To me, if you don't build something that I want, it sucks to be you, have a great day.

[@bnotapplicable7000]

I predicted this before, I think once Oct 31 hits the stock is going down to ~$10/share BUT when Q1 '25 drops, prepare for as low as ~$7/share. Frankly if the fire sale is bad enough it could be bankruptcy for STEL

[@aps125]

Not to be outdone by its NA sibling Stellantis sales went down hard in EU home market, more than 20% which mirrors the bleeding it is suffering here 😂

[@calr4459]

Stellantis US brands are on their way to joining the ranks of AMC, Rambler, Studebaker and Hudson just to name a few. GM,Ford and other brands will fill the demand?

[@marcbjorg4823]

Of Peugeot wants no ICE, their engines are garbage! Total garbage! Like 30,000 miles if you are lucky. I usually get around 1,000 miles out of Peugeot engines when I rent them (always take the full coverage).

[@twinforce_fusion6560]

EV's are so loved in Canada, especially during the dead cold Winter season.

[@michaelbaja1854]

I bet Justin as a couple for his family...

[@garfieldsmith332]

Sitting in a line of city traffic because the lanes were reduced to build bike lanes.

[@garfieldsmith332]

@@michaelbaja1854 Many of us would love to see Turdeau in an EV with the auto pilot set on "Drive out of the country".

[@michaellowe8286]

Around and around the bowl and down the hole go team go is what’s happening with Stellantis.

[@christandy8546]

Like what you do and like your video but if I hear you say “I digress” one more time I’m gonna lose my mind lol.

[@FullUhFools]

Haha, TK does love that word. 😂

[@eldiablort1461]

makes for a great drinking game.

[@christopherbrown1618]

6' just doesn't seem to be deep enough for stellantis

[@lafosh7234]

FORD and CHEVY will keep making American V8’s regardless of what the political work is gonna look like and if ford comes out with a V8 4 door they will shut the game down

[@ForgotToMentionThat]

Not likely. The movement to shut down big v8 is strong.

[@garyh.8082]

​​​@@ForgotToMentionThat Not at GM. Gen 6 V8 is coming and good surprises are in store. Stay tuned....

[@CJ-jo6do]

Why make less money when we can make NO money!😅 Why make a product that people want? Let's focus on things that people don't want and the market is drying up.

[@tl3565]

Ford and GM customers have more money than Stellantis customers let’s just say it! Because ford and GM are in business due to v8 sales they sell more 4cylinder and 6 due to anything so Tk stop mustangs aren’t selling rn that’s a fact this company just has no products and out priced it customers it’s not about no damn ev as they barely sell any they just don’t have products and are overpriced

[@BigT683]

Tavares and as far as I'm concerned Elkhann have played everyone like a harp from hell

[@eldiablort1461]

Why do we keep talking as if Stellantis isn't doing this according to plan?

[@ronmexico5908]

If they kept going even the Hornet would have got a redeye version

[@aaronfarnsworth7653]

The hornet would have only gotten a pinkeye. 😆

[@pranavongole872]

Tavares has gotta go! Make an American run the damn company

[@HornetVF103]

A smart European car maker would abandon Europe and move their production and HQ to the USA! Especially if Trump is elected. If Kamala is elected then it is just a matter of time before we face the same government mandates and the whole apple-cart is tossed.

[@nightwing2012]

The credit is one area where Tesla makes a lot of money from ice manufacturer by selling credits to cover.

[@ritamartin4008]

4:53 mark. Key mistake by Stellantis, er, "Car-less Tararable".

[@chillpoint2410]

Do you think Dodge will still come out with the stage 3 kits for Hellcat redeyes?

[@johnbeckham1483]

Stellantis is out of its mind completely! They have totally lost it!

[@ForgotToMentionThat]

What is so bad about hybrids that they are not getting love?

[@danielfair4675]

Groundhog Day #63

[@DJBigBobofTallOrder]

They are heading towards Rivian stock prices!!!!

[@chuckdameron5626]

Thats fine they will go bankrupt if they keep going down the EV vehicle push but its a European company so they are doing European stuff

[@christopherbrown1618]

Im waiting till the stock is below $1.00 a share before I start buying it

[@robc8468]

Carlos Tavares thinks he works for global government and the World Economic instead of MOPAR customers.

[@softwarephil1709]

Carlos is a hardcore woke tree hugger.

[@PaulKurtzeborn-tg9ht]

TK, no company has ever paid a fin. Those costs are passed through to the end consumer. Long story short as long as the customer is willing to pay the cost of the fines or anything else the product will sell. Clearly Stellantis has hit the point where the customer is unwilling to do that for the products they offer.

[@johnmcmullen456]

True, just like the gas guzzler tax passed on to the buyer.

[@ForgotToMentionThat]

This is a good break down. The collective Customer has the final say.

[@eldiablort1461]

technically not true, after the Stellantis merger, it was made clear they just weren't going to pay the fines anymore. Just, made a decision for the consumer.

[@TinCupGLP]

My company is really screwed

[@pl5624]

Stock up to 13.36

[@RobertFiglioli]

1:41 The only hope is with Frank Rhodes

[@arthurmario5996]

old farts, same story: horses, steam, coal and piston engine forever

[@kenwatanabe2599]

Maybe Stallantis will be delisted?

[@larrymeadows9991]

nobody wants the EV's that Stellantis builds, they suck, other EV's are selling like hotcakes..

[@snoproblem]

There's a lot of EV derangement here. I like EV's... but I don't like THEIR EV's. The 500 is essentially a city toy, and I can't afford two vehicles. I can swing one good one that does as much as possible in one package. So, maybe a hybrid, use EV mode for short trips, then engine up for the long highway, or in the deep winter weeks. Those vehicles exist, but not under Stellantis. If Rhodes manages to bring at least part of the family business into the fold, he should consider a multi-carmaker partnership to accelerate next-gen battery packs that hold charge in the cold, and extend range to average ICE levels.

[@Johnny-tt8zc]

And the places in the states that are perfect for EVs, the grid sucks.

[@patientzero291]

Stellantis just buy assets and let the tax payers take the losses.

[@dmrobello9441]

Carlos' righteousness will never be swayed by the truth. I will not buy a Stellantis product.

[@matthewgaines10]

They aren’t even trying to be viable in the market anymore. They are trying to commit corporate suicide. If I were an investor, I'd sell out of my position. May be a great stock to short sell.

[@gladiatorjoe4909]

TRUMP

[@ilikmlow6900]

Dodge is dead, got it

[@TinCupGLP]

Clown show

[@thegarage4570]

they just don't get it. We don't want ev's...

[@onetwothreefour-s1n]

Yeah these guys are crazy

[@keepmovin1320]

EXACTLY, nobody wants them and hard-headed Tavares doesn't get that