Latest news with #Chrysler
Motor 1
a day ago
- Automotive
- Motor 1
'Jeep, Chrysler, Anything Stellantis': Mechanics Reveal Which Cars Pay Their Rent. Is Yours On the List?
In a now-viral TikTok from Dartt Automotive (@ in Evansville, Indiana, someone asks a group of in-house mechanics: What car brand has so many issues it basically pays your rent? Without missing a beat, the first one says, 'Jeep, Chrysler—anything Stellantis. Runner-up would be Hyundai and Kia.' He goes on to cite 'drastically high engine failures, transmission failures, countless electrical issues, and just bizarre, oddball other stuff' as a reason behind picking those brands. The video provides a fascinating glimpse into what mechanics think about the durability of different car brands. And it stands to reason that they would know, given how many of them they need to resuscitate every day. Motor1 reached out to Dartt Automotive but didn't immediately receive a response. Their post racked up over half a million likes in just a few days. Blunt Talk About Failing Cars The video's charm seems to be its bluntness. It's not a sponsored review or consumer report—it comes straight from the shop floor. And mechanics across TikTok and Instagram have chimed in to back them up. What the man said wasn't just anecdotal. Consumer Reports has consistently ranked Jeep near the bottom of its reliability charts . As for throwing Hyundai and Kia into the mix, brands that have faced their own reliability troubles, Motor1 has highlighted some of their issues in recent reporting . Other Dartt Automotive mechanics weighed in with other cars that pay the rent. One of them highlighted the Chevy Traverse. Another one said any General Motors vehicle with a four-cylinder engine was 'money all day long.' 'Electrical issues, they weren't well built, all kinds of odd things,' he said. 'They'll run forever; it's just everything on it is gonna break.' Another mechanic mentioned the Chevy Equinox again. The perspective is noteworthy because trade publications like J.D. Power give the vehicle mostly positive reviews . 'Equinox—we have two of them in the parking lot right now—the engine is blown,' he said. Commenters jumped in with replies denigrating American cars, receiving scores of thousands of likes for expressing the sentiment. 'So basically American cars,' a poster going by 'Jane of Gaia' wrote. 'Basically any car made in America,' an unnamed user added. One of the top commenters dropped a sharp barb against Jeep and its product. 'You'll never get in an accident in a Jeep!!! Because they're always safe at the shop,' user 'TV2290' replied. The comment collected over 60,000 likes. Now Trending Dallas Man Quoted $7,000 at Dealership After a Light Goes Off In His Car. Then He Takes It To His Mechanic. They Fix it for $125 Her Dealership Oil Change Was More Than She Expected. Then Her Husband Has to Review the Paperwork at Chick-fil-A Get the best news, reviews, columns, and more delivered straight to your inbox, daily. back Sign up For more information, read our Privacy Policy and Terms of Use . Share this Story Facebook X LinkedIn Flipboard Reddit WhatsApp E-Mail Got a tip for us? Email: tips@ Join the conversation ( )
Miami Herald
2 days ago
- Automotive
- Miami Herald
Classic Jeep, Dodge, Chrysler fans just got the best news from Stellantis
New Stellantis (STLA) Antonio Filosa knew he had his work cut out for him when he took over the job. Filosa, 51, officially took over for former CEO Carlos Tavares on June 23, but he has been with the company for 25 years, and he understands that the international conglomerate doesn't have much without the North American market. Last month, the company announced that Filosa would be moving the CEO's office to Detroit, Michigan, while also revealing that it will build a $388 million "Megahub" in Van Buren Township, just outside Detroit. Related: New Stellantis CEO deals with more of the company's old problems But Stellantis is struggling with the 25% tariffs that have been in place for months now. Stellantis shipped 7% fewer vehicles this year than it did in the first half of 2024. But somehow, that decline was better than the 14% decline it reported in the second half of 2024 during the time Tavares stepped down in October. Stellantis says its "industrial costs" rose by 1.6 billion ($1.85 billion), including a net 330 million euros ($381 million) of tariff expenses. The company expects its tariff expenses for the full year to be at the high end of its previous estimate of between 1 billion and 1.5 billion euros ($1.15 billion to $1.73 billion) Getting the North American market back won't be easy, but Filosa pinpointed exactly where he thinks the company lost its most important market. It will take more than money invested in the States to win back customers, and Filosa acknowledged this fact during the earnings call. "For sure, one important root cause of our market deterioration, both in North America, especially, but also in Enlarged Europe, is the fact that in the past we decided to phase out many important, relevant, and successful nameplates," Filosa said. Filosa went on to name seven popular vehicles that were phased out during his predecessor's tenure, including Jeep Cherokee, Jeep Renegade, Chrysler 300, Ram DS Classic, Ram ProMaster City, Dodge Charger and the Challenger. Related: Jeep Dodge parent Stellantis makes change US consumers will love Those seven brands alone generated 300,00 units sold per year, but have all been inexplicably mothballed in recent years. So not only will Stellantis bring back many of the brands that made Jeep, Dodge, Chrysler the iconic brand it was, the company is also bringing back the ancillary bells and whistles that defined American muscle. "The powertrain that we have discontinued in the past that we have coming back, starting with the legendary Hemi V8 engine, has been shelved before and this means volumes, and this means margin per unit," Filosa said. Earlier this year, Stellantis reported that total first-quarter 2025 U.S. sales decreased 12% year-over-year, despite a 16% increase in Ram brand sales and a 1% increase in Chrysler brand sales. Jeep brand sales saw a 2% increase. The company reported total sales of 293,225 vehicles in the first three months of the year. Business did not improve in the second quarter. On Tuesday, Stellantis reported that first-half net revenues fell 13% year over year, driven once again by declines in North America and Europe. The company had a net loss of 2.3 billion euros ($2.66 billion) after reporting a 5.6 billion euro profit a year ago. Stellantis closed Tuesday's session down 1.13% to $9.59 per share. Related: Jeep parent Stellantis explores shocking move for struggling brand The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Yahoo
2 days ago
- Automotive
- Yahoo
Stellantis warns of $1.7 billion earnings hit from tariffs
Stellantis on Tuesday said that President Trump's tariffs will cost the auto manufacturer 1.5 billion euros, or about $1.7 billion, in 2025. The parent company of brands like Chrysler, Fiat, Jeep and Peugeot announced the projected earnings hit as Mr. Trump clinches deals with U.S. trade partners that include steep tariffs on U.S. imports. Stellantis expects most of the earnings decline to materialize in the second half of 2025. "Stellantis updates its estimate of 2025 net tariff impact to approximately €1.5 billion, of which €0.3 billion was incurred in H1 2025. The Company remains highly engaged with relevant policymakers, while continuing long-term scenario planning," the company said in a statement Tuesday as it reported financial results for the first half of 2025. The automaker acknowledged that Mr. Trump's 25% tariffs on imports of autos and auto parts to the U.S. are hurting its business, particularly in North America. Stellantis builds its Chrysler, Dodge and Jeep brand vehicles in factories in Canada and Mexico, meaning they're subject to the new levies. While Mr. Trump's deal with the EU, calling for 15% tariffs across the board will make BMW and Mercedes-Benz vehicles more expensive for U.S. consumers, according to analysts. Stellantis is largely unaffected by the EU agreement. "Stellantis isn't much affected by the EU/US tariff news — the question for STLA is if the Detroit-3 will want to renegotiate the [U.S.-Mexico-Canada Agreement (USMCA)] tariff after the EU and Japan got a better deal," UBS analysts said in a research note. Other automobile manufacturers, including General Motors, have been bracing for impact from tariffs. GM CEO Mary Barra said the company took a $1.1 billion hit from tariffs in the second quarter, and that the company is taking steps to reduce its tariff exposure by investing in U.S. assembly plants. European automaker Volkswagen also said last week that tariffs cost the company $1.5 billion in the first half of 2025. John Oliver: The 60 Minutes Interview Finding the plane used for Argentina's dictatorship-era "death flights" | 60 Minutes Immigration agent told 18-year-old U.S. citizen "you got no rights here" during arrest Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CBS News
2 days ago
- CBS News
Authorities investigate attempted kidnapping of 14-year-old girl in Ypsilanti Township
The Washtenaw County Sheriff's Office is searching for a driver and a passenger accused of attempting to kidnap a 14-year-old girl last week in Ypsilanti Township. Authorities say between 8 p.m. and 9 p.m. on July 23, the teen was walking in the 2500 block of Holmes Road near Mount Horeb Church when the driver of a black Chrysler minivan stopped and honked his horn. The sheriff's office says the teen walked over to the car, believing it was a family member, and witnessed two men in the vehicle. The driver is accused of making inappropriate comments to the girl and telling her to get in the van, the sheriff's office says. An individual in the backseat allegedly got out of the van and attempted to grab the girl. The individual let her go after a brief struggle, according to the sheriff's office. The suspects drove away, heading east on Holmes Road. The driver is described as a Hispanic man between 40 to 50 years old, heavy set, wearing a fitted hat and a maroon shirt. He is believed to be clean-shaven with a cleft lip. The passenger is described as a Hispanic man in his early 20s with a skinny build, wearing a long-sleeved outer shirt, a blue t-shirt, jeans and boots. He was also wearing a gray fitted hat with glasses on top. Anyone with information is asked to call the sheriff's office at 734-973-7711, 734-994-2911 or 911.
Auto Blog
2 days ago
- Automotive
- Auto Blog
Stellantis Eyes Rebound Amid ‘Tough Decisions' and $1.7 Billion Tariff Hit
By signing up I agree to the Terms of Use and acknowledge that I have read the Privacy Policy . You may unsubscribe from email communication at anytime. 'This took a dead truck battery and put life back into it like it was brand new again!' View post: Walmart Is Selling a $50 Car Battery Charger for Just $20, and Shoppers 'Can't Believe How Easy It Is to Use' The Vanquish Volante is Aston's newest flagship, as part of new CEO Adrian Hallmark's plan to turn the legendary British brand into a 'High-performance business.' The Chrysler, Dodge, Jeep, and Ram parent is seeing red in its numbers In a new statement released on July 29, multinational auto conglomerate Stellantis reported significant losses during its first half of the year, despite reinstating its financial guidance for 2025. The Chrysler, Dodge, Jeep, and Ram Trucks parent reported a net loss of €2.3 billion (~$2.7 billion) during the first half of 2025, while net revenues took a 13% year-over-year dip compared to the same period in 2024. Previous Pause Next Unmute 0:00 / 0:09 Full screen Nissan CEO admits brand is doomed without an outside investor Watch More Notably, Stellantis faced a slowdown in vehicle shipments in various key markets during this period. Shipments of vehicles in North America dropped by 23% while tariffs affected vehicle inventories. At the same time, European vehicle deliveries took a 7% dip due to a slow introduction of critical new B-segment cars, while numbers in China, India, and the Asia Pacific region also showed red. Though some of the losses were recouped due to a 20% sales boost in South America and a 5% increase in the Middle East and Africa region, it shipped a total of 2.69 million vehicles globally, an 8% YoY dip. Source: Getty Images In a statement, Stellantis CEO Antonio Filosa stated that his first weeks as the company's CEO had reconfirmed his 'strong conviction' that he and his team would 'fix what's wrong in Stellantis by capitalizing on everything that's right in Stellantis,' adding that its people, ideas, and new products are a major part of its strength. However, he also warns that the way forward will not come easily, as it already faces a tough road ahead. '2025 is turning out to be a tough year, but also one of gradual improvement. Signs of progress are evident when comparing H1 2025 to H2 2024, in the form of improved volumes, Net revenues, and AOI, despite intensifying external headwinds,' he said. 'Our new leadership team, while realistic about the challenges, will continue making the tough decisions needed to re-establish profitable growth and significantly improved results.' Stellantis North America COO and Jeep CEO Antonio Filosa speaks during the Stellantis press conference at the Automobility LA 2024. — Source: ETIENNE LAURENT/AFP via Getty Images Autoblog Newsletter Autoblog brings you car news; expert reviews and exciting pictures and video. Research and compare vehicles, too. Sign up or sign in with Google Facebook Microsoft Apple By signing up I agree to the Terms of Use and acknowledge that I have read the Privacy Policy . You may unsubscribe from email communication at anytime. Filosa remains confident of Stellantis's bounce back Despite the numbers on the sheets showing bright red, Filosa maintained his confidence when financial sector analysts grilled him during the Q&A section of the live webcast and conference call that took place 90 minutes before the morning bell rang on Wall Street on July 29. In response to a question that Bernstein Automotive Equity Analyst Stephen Reitman asked about the confidence U.S. dealers have since Filosa took the helm, the newly appointed CEO noted that he and his peers 'committed in a much better dialogue with our dealer networks, especially in U.S.,' adding that products like the Ram 1500 Express are a proof of that concept. 2026 Ram 1500 Black Express with HEMI V-8 burnout — Source: RAM '[The Ram 1500 Express] came out from a constructive dialogue of the network with the Brand, is now restoring our presence there, and we see good orders coming in,' Filosa told the Bernstein Analyst. '[…] our order book is mainly driven by retail orders. Our dealer network grew more than 90% over here. And this is a clear demonstration of that confidence, which is an enduring process to build day by day through relationships, and also through good business.' Additionally, in response to a question from J.P. Morgan Global Autos and European Autos Equity Research Head José M. Asumendi about improving Stellantis's growth in the U.S., Filosa credited the passage of the recent Republican tax and spending bill for opening up an opportunity to expand its offerings and prioritize more profitable vehicles. 'The recently signed by President Trump, big, beautiful bill of the Fourth of July, gives us more flexibility in choosing a better margin-optimized mix between the ICE version and the electrified version of the models that we sell. And this will mean to us a lot of additional profit, and also volumes that are much closer to the end customer demand.' Final thoughts It is not surprising that an automaker that imports vehicles from EU member states like Italy and Poland, as well as Mexico and Canada, will have this much of a tariff impact on its bottom line. Nonetheless, Filosa's rightsizing of Stellantis has yet to fully impact the market. In the short span of months, we have already seen the return of the Hemi V8 in the RAM 1500, the return of the fabled SRT brand, and even the return of influential figureheads like Tim Kuniskis in consequential positions. Filosa knows that keeping Stellantis in the black isn't a process that happens overnight or even within a few quarters. Let's hope Filosa can produce results. About the Author James Ochoa View Profile
