Latest news with #Ramcharger
Yahoo
28-05-2025
- Automotive
- Yahoo
Stellantis names insider Antonio Filosa as its next CEO. Here are the 4 biggest problems facing the Jeep, Dodge, and Ram maker.
After nearly a six-month search, Big Three automaker Stellantis (STLA) finally has its new CEO. The brand behind Dodge, Ram, Jeep, and Fiat said its board "unanimously" selected Antonio Filosa, a 25-year veteran of the company and current Americas COO, as its new chief executive. His tenure begins on June 23, and interim CEO John Elkann (scion of the Agnelli family that has a majority stake in Stellantis) will remain executive chair. Stellantis stock was little changed in early trading in New York, as Filosa was already reportedly on the shortlist of CEO candidates. While it seems odd that Stellantis needed six months to name an internal candidate as its CEO, Filosa may be the best insider on the company's executive roster and perhaps the best fit to continue the company's turnaround. "I have worked closely with Antonio over the past six months during which time his responsibilities have increased, and his strong and effective leadership spanning both North and South America at a moment of unprecedented challenge have confirmed the excellent qualities he brings to the role," Elkann said in a statement. Filosa no doubt has his work cut out for him. Yahoo Finance spoke to Filosa nearly a year ago when Jeep, which he headed at the time, launched the new Wagoneer EV SUV. Jeep was mired with bloated inventory when then-CEO Carlos Tavares believed higher prices would boost Jeep's profile and profitability. The opposite occurred: Buyers shunned relatively overpriced Gladiator pickups and Grand Cherokee SUVs. In a turnaround move, Jeep slashed prices to move inventory and lowered prices for new vehicles for the 2025 model year. HSBC analyst Michael Tyndall believes Filosa is a solid pick for the CEO role. "On paper his CV looks a good fit for the role," Tyndall wrote in a note to clients, noting he's an "auto guy having worked exclusively in the industry for over 25 years, an Italian native so he understands Europe [where Stellantis is based], spent a good deal of time in South America [Stellantis' third-largest profit source], and lives in Detroit, arguably where the heavy lifting needs to be done." Indeed, there is heavy lifting in North America. In addition to bringing down inventory and introducing new products in the US that resonate with customers, Filosa needs to address long-simmering issues with the United Auto Workers (UAW). Chief among UAW workers is the unclear status of plants like the Jeep assembly facility in Belvidere, Ill. After much back and forth, Stellantis said production would return there in 2027, but that remains uncertain. Upcoming products, like the new Ramcharger pickups with an innovative range-extender powertrain and the all-electric Ram pickup, keep getting delayed. And missteps like the all-electric Charger Daytona muscle car have been languishing at dealerships, with the company having to go back to the drawing board and state that gas-powered versions are on the way. Then there are President Trump's tariffs. Stellantis makes several vehicles in Canada, Mexico, and Europe, where 25% sector tariffs apply to all imports, in addition to auto parts tariffs. Last month, Stellantis idled production at plants in Canada and Mexico as a result of tariffs. In late April, even before tariffs went into effect, Stellantis reported first quarter revenue dipped 14% compared to a year ago to 35.8 billion euros ($40.7 billion), with global shipments dropping 1,217 million units, a 9% slide. Most importantly, Stellantis said it would suspend 2025 financial guidance due to "tariff-related uncertainties including policy, market impacts, and the company's evolving response." Pras Subramanian is a reporter for Yahoo Finance. You can follow him on X and on Instagram. 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
Yahoo
28-05-2025
- Automotive
- Yahoo
Stellantis names new CEO: Here are the challenges ahead to fix brands like Ram, Dodge, and Jeep
After nearly a 6-month long search, Big Three automaker Stellantis (STLA) finally has its new CEO. The brand behind Dodge, Ram, Jeep, and Fiat said its board 'unanimously' selected Antonio Filosa, a 25-year veteran of the company and current Americas COO, as its new chief executive. His tenure begins on June 23, and interim CEO John Elkann (scion of the Agnelli family that has majority stake in Stellantis) will remain executive chairperson. Stellantis stock was little changed in early trading in New York, as Filosa was already reportedly on the short-list of CEO candidates. While it seems odd that Stellantis needed six months to name an internal candidate as its CEO, Filosa may be the best insider on the company's executive roster, and perhaps the best fit to continue the company's turnaround. 'I have worked closely with Antonio over the past six months during which time his responsibilities have increased, and his strong and effective leadership spanning both North and South America at a moment of unprecedented challenge have confirmed the excellent qualities he brings to the role,' Elkann said in a statement. Filosa no doubt has his work cut out for him. Yahoo Finance spoke to Filosa nearly a year ago when Jeep, which he headed at the time, launched the new Wagoneer EV SUV. Jeep at the time was mired with bloated inventory, when then-CEO Carlos Tavares believed higher prices would boost Jeep's profile and profitability. The opposite occurred, as buyers shunned relatively overpriced Gladiator pickups and Grand Cherokee SUVs. In a turnaround move, Jeep slashed prices to move inventory, and lowered prices for new vehicles for the 2025 model year. HSBC analyst Michael Tyndall believes Filosa is a solid pick for the CEO role. 'On paper his CV looks a good fit for the role,' Tyndall wrote in a note to clients, noting he's an 'auto guy' having worked exclusively in the industry for over 25 years, an Italian native so he understands Europe (where Stellantis is based), spent a good deal of time in South America (Stellantis' third largest profit source), and lives in Detroit, arguably 'where the heavy lifting needs to be done.' Indeed, there is heavy lifting in North America. In addition to bringing down inventory and introducing new products in the US that resonate with customers, Filosa needs to address long-simmering issues with the United Auto Workers (UAW). Chief among UAW workers is the unclear status of plants like the Jeep assembly facility in Belvidere, Ill. After much back and forth, Stellantis said production would return there in 2027, but that remains uncertain. Upcoming products like the new Ramcharger pickups with innovative range-extender powertrain, and the all electric Ram pickup keep getting delayed. And missteps like the all-electric Charger Daytona muscle car have been languishing at dealerships, with the company having to go back to the drawing board and state that gas-powered versions are on the way. Then there are President Trump's tariffs. Stellantis makes a number of vehicles in Canada, Mexico, and Europe, where 25% sector tariffs apply to all imports, in addition to auto parts tariffs. Last month Stellantis idled production at plants in Canada and Mexico as a result of tariffs. In late April, even before tariffs went into effect, Stellantis reported first quarter revenue dipped 14% compared to a year ago to 35.8 billion euros ($40.7 billion), with global shipments dropping 1,217 million units, a 9% slide. Most importantly, Stellantis said it would suspend 2025 financial guidance due to "tariff-related uncertainties including policy, market impacts, and the company's evolving response." Pras Subramanian is a reporter for Yahoo Finance. You can follow him on X and on Instagram. 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
West Australian
16-05-2025
- Automotive
- West Australian
Ram confirms another delay to electric, range-extender utes
The all-electric Ram 1500 REV ute, and the closely related range-extender Ram 1500 Ramcharger, are delayed, again. Responding to a report by Crain's Detroit Business , a spokesperson for the French-Italian-American automaker confirmed the company is 'extending the quality validation period' to iron out some quality issues on the EREV (extended-range electric vehicle) 1500 Ramcharger. Although the spokesperson didn't elaborate on what these issues are, this latest setback means the Ramcharger won't be launched until the first quarter of 2026, at the earliest. Revealed and detailed in November 2023, the Ramcharger was initially set to launch at the end of 2024. Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now . As for the all-electric 1500 REV, that's being delayed due to market 'slowing consumer demand' for full-size electric pickup trucks in the States. Despite rising EV sales in the US, the Rivian R1T, Tesla Cybertruck, Ford F-150 Lightning, and the electric versions of the Chevrolet Silverado and GMC Sierra aren't meeting their initially imagined sales targets. For example, in 2024 Ford sold around 33,000 Lightnings out of 460,915 F-150s in total. The Blue Oval initially planned to shift around 150,000 Lightnings per year. Unveiled in early 2023, the Ram 1500 REV was originally set to enter the market in late 2024. At the end of last year, Ram pushed the launch date back to 2026, and now it has confirmed the REV won't become available until the third quarter of 2027. The long-range variant of the 1500 REV with a 229kWh battery and projected range of 804km (500 miles) has been cancelled , meaning only the standard-range variant will be offered. At its 2023 unveiling, the standard-range 1500 REV was equipped with a dual-motor all-wheel drive setup making a total of 488kW and 841Nm. Fed by a 168kWh battery, the electric Ram is said to have a 563km (350 mile) range. Given the car's long gestation time, these details may well change by the time REV finally launches. The 1500 Ramcharger aims to offer the best of both worlds with its extended-range EV drivetrain. It has a pair of electric motors driving all four wheels, making a total of 487kW and 834Nm, and fed by a 92kWh battery pack. There's also a 3.6-litre V6 on board, but it can't drive the wheels. Instead its only task is to charge up the battery pack when it starts running low. MORE: Everything Ram 1500
Perth Now
16-05-2025
- Automotive
- Perth Now
Ram confirms another delay to electric, range-extender utes
The all-electric Ram 1500 REV ute, and the closely related range-extender Ram 1500 Ramcharger, are delayed, again. Responding to a report by Crain's Detroit Business, a spokesperson for the French-Italian-American automaker confirmed the company is 'extending the quality validation period' to iron out some quality issues on the EREV (extended-range electric vehicle) 1500 Ramcharger. Although the spokesperson didn't elaborate on what these issues are, this latest setback means the Ramcharger won't be launched until the first quarter of 2026, at the earliest. Revealed and detailed in November 2023, the Ramcharger was initially set to launch at the end of 2024. Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now. 2025 Ram 1500 Ramcharger Credit: CarExpert As for the all-electric 1500 REV, that's being delayed due to market 'slowing consumer demand' for full-size electric pickup trucks in the States. Despite rising EV sales in the US, the Rivian R1T, Tesla Cybertruck, Ford F-150 Lightning, and the electric versions of the Chevrolet Silverado and GMC Sierra aren't meeting their initially imagined sales targets. For example, in 2024 Ford sold around 33,000 Lightnings out of 460,915 F-150s in total. The Blue Oval initially planned to shift around 150,000 Lightnings per year. Unveiled in early 2023, the Ram 1500 REV was originally set to enter the market in late 2024. At the end of last year, Ram pushed the launch date back to 2026, and now it has confirmed the REV won't become available until the third quarter of 2027. The long-range variant of the 1500 REV with a 229kWh battery and projected range of 804km (500 miles) has been cancelled, meaning only the standard-range variant will be offered. 2025 Ram 1500 Ramcharger Credit: CarExpert At its 2023 unveiling, the standard-range 1500 REV was equipped with a dual-motor all-wheel drive setup making a total of 488kW and 841Nm. Fed by a 168kWh battery, the electric Ram is said to have a 563km (350 mile) range. Given the car's long gestation time, these details may well change by the time REV finally launches. The 1500 Ramcharger aims to offer the best of both worlds with its extended-range EV drivetrain. It has a pair of electric motors driving all four wheels, making a total of 487kW and 834Nm, and fed by a 92kWh battery pack. There's also a 3.6-litre V6 on board, but it can't drive the wheels. Instead its only task is to charge up the battery pack when it starts running low. MORE: Everything Ram 1500
7NEWS
16-05-2025
- Automotive
- 7NEWS
Ram confirms another delay to electric, range-extender utes
The all-electric Ram 1500 REV ute, and the closely related range-extender Ram 1500 Ramcharger, are delayed, again. Responding to a report by Crain's Detroit Business, a spokesperson for the French-Italian-American automaker confirmed the company is 'extending the quality validation period' to iron out some quality issues on the EREV (extended-range electric vehicle) 1500 Ramcharger. Although the spokesperson didn't elaborate on what these issues are, this latest setback means the Ramcharger won't be launched until the first quarter of 2026, at the earliest. Revealed and detailed in November 2023, the Ramcharger was initially set to launch at the end of 2024. Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now. As for the all-electric 1500 REV, that's being delayed due to market 'slowing consumer demand' for full-size electric pickup trucks in the States. Despite rising EV sales in the US, the Rivian R1T, Tesla Cybertruck, Ford F-150 Lightning, and the electric versions of the Chevrolet Silverado and GMC Sierra aren't meeting their initially imagined sales targets. For example, in 2024 Ford sold around 33,000 Lightnings out of 460,915 F-150s in total. The Blue Oval initially planned to shift around 150,000 Lightnings per year. Unveiled in early 2023, the Ram 1500 REV was originally set to enter the market in late 2024. At the end of last year, Ram pushed the launch date back to 2026, and now it has confirmed the REV won't become available until the third quarter of 2027. The long-range variant of the 1500 REV with a 229kWh battery and projected range of 804km (500 miles) has been cancelled, meaning only the standard-range variant will be offered. At its 2023 unveiling, the standard-range 1500 REV was equipped with a dual-motor all-wheel drive setup making a total of 488kW and 841Nm. Fed by a 168kWh battery, the electric Ram is said to have a 563km (350 mile) range. Given the car's long gestation time, these details may well change by the time REV finally launches. The 1500 Ramcharger aims to offer the best of both worlds with its extended-range EV drivetrain. It has a pair of electric motors driving all four wheels, making a total of 487kW and 834Nm, and fed by a 92kWh battery pack. There's also a 3.6-litre V6 on board, but it can't drive the wheels. Instead its only task is to charge up the battery pack when it starts running low.
