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Chrysler Group is Being Ripped Apart at the Seams! Stellantis CEO's True Motivation
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- čas přidán 27. 06. 2024
- 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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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.
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?
Says it'll be here on the 🍀 7th 👀✌️
Got mine today! I really appreciate the bonus with it. Thanks!
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.
Such a valid point
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.
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?).
It’s greed…
I feel like I’ve been censored.. my comments keep disappearing😞
Ask boeing how outsourcing engineering worked out
Hazard pay whisleblowers
In a few years people are going to be saying "remember when Chrysler actually had cars?"
They say that now since Chrysler itself dropped the 300 and only offer a minivan now.
@@knightofelemia1567 ya see?
And now since Tim left the woman running Chrysler is taking over Ram. RIP Ram.
@timothydubois5834 how stupid or desperate do you have to be to have a female CEO who has no idea how men think?
What's a Chrysler?
The right thing to do is Send the Foreign leadership packing. Dodge should be an American owned company
Someone will have to be willing to buy a declining car brand then
@@jointhefist1016 of course. But it's only a declining brand because stellantis killed it
Preach on Brother!!!
@@MrKitrellr1 It's been declining for a while before stellantis I'd say
@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.
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.
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. 😮
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.
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.😎
Money talks. Hard to stop that happening
Lee I acocca hired a GM guy who sold Chrysler to Daimler, remember?
@@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...
American built cars aren't very high quality compared to many European cars. Its always been that way.
@@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.
I do believe this is what happens when you allow foreign companies to purchase American companies
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.
Most big businesses are publically traded though. Everyone owns them.
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.
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...
You could guarantee one thing China's behind it.
I really hate what has happened to Dodge. 😕
Lots of people seem this coming
I just put in my two week notice on Monday...even the dealership is going down..sad state of affairs.
Amen 👀✌️
They did it to themselves, most companies adapted to this change they knew was coming a long time ago.
I actually wanted a challenger but it is too expensive and it's being discontinued. Tough.
Prices go UP, quality goes DOWN you can’t afford to save the empire. Bye, bye.
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
His Netherlands executive team got huge pay raise and engineering there have vastly underperformed but have gotten paid ton of $$
Investors tossed $39 million pocket change and told him to make $hundreds of millions back for the investors.
@@Jeez001 Guarantee the money's come from China.
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😨
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.
Who knew that if to raised your prices in this economy. Less people will buy
Looks like our buddy Tim seen the writing on the wall
The ICEman leaveith...
He's not my friend. He can suck weeds for all I care.
F@ck Stellantis
Amen
they upped the prices 50 percent and used the profits to build EVs 😡
Bingo! Say thank you to musk and China.
Try Building Back Biden green new deal for this everybody has to play along 😳😳😳. FCA was European since Benz guys 😳😳
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.
So true about High car loan rates. until the Fed gets inflation down to 2% they won't pivot the Fed rate.
There is always the option of being smart and not blowing heaps of money on a car you definitely can't afford.
Rely on the fed and the government? They will create more inflation
@@ArshAZ83 for sure, but Americans alone have $trillions in car loans. being smart with money is second to status in a debt based society
When the CEO says that Alfa Romeo is their crown jewel, you know you are in deep trouble.
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.
I agree, they cut costs so they can have a higher profit margin they will not pass the savings on to the consumer.
Passing savings on the consumer under the myth of 'cheaper products' is the bullshit neo-con lie that never stops being spewed.
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.
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.
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..😢
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.
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
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.
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!
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.
I believe Tim knew what was coming and directed his engineers to create the Demon 170 as a middle finger to Stalantis.
If these American companies outsource North American jobs maybe the president can start putting tariffs on these outsourced vehicles
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.
They will simply raise the prices to cover the tariffs. Not buying them is the answer.
@@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
@@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.
@@joel6513 They actually do benefit you, if you want lower prices. And they became their concern, when they starting building them there
My stable is 100% Mopar. But I don't see myself buying anything from them in the future 😢
Net profit was €18.6 billion last year. They don't have to reduce American jobs at all.
Greed
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.
Corporate greed plain n simple
Dodge may be the next Pontiac 😢😢😮😢😮
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
@@ex.spaceshuttle.worker Pontiac stopped being Pontiac in the 80s when GM consolidated everything behind 'standard engines' which were all *chevrolet engines*.
@@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
The Dodge and Chrysler brands are being shuttered.
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.
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?
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.
Dodge hit the wall going 149
Dodge is done
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!
It's the titanic. It's just a sinking ship at this point.
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.
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
They tell me why my plant is working 7 days 12 hours
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.
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.
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.
@@ArshAZ83 Porsche is low volume sales and they constantly refine their product line
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.
Paying 100k for any Dodge car is ridiculous 💯 15:38
paying 100k for any American-made vehicle is ridiculous
Now now children. Calm down
Paying $100,000 for any vehicle is ridiculous
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.
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.
Well if they're cost cutting, maybe cutting his bonus is the first cutting that should take place..EV's are NOT the future!
@@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.
@@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..
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.
@@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
@@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?
What a cluster fuck . This doesn't help Detroit .The city is having a hell of a time trying to rebuild itself.
The big three never learned from the last bailout. They need more cheaper cars that flood the market with a decent build quantity.
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
They are killing one of my favorite brands smfh
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.
@@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.
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.
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
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.
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.
@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.
I wouldn't say that prices remained steady. I got my spec'd 21 Challenger R/T out the door 4,200 over MSRP.
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
For a lot of people, a v8 isn't the only reason they'd buy a car. They need to improve their cars overall
I'm going optimistically look to the up side of this.... the return of street and track builds
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.
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!!!
Yep, you're not wrong
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??!!!
Great points RacerX! I just think things will be changing for Mr Tavares very soon.
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!
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.
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
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
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.
Awesome take on the current Stellantis Situation, most people complaining are Dodge enthusiasts who aren’t the main buyers of the company. It’s a tough spot to be in for an American based automotive company but Tavares is handling it the best way he sees fit. Time will tell if CDJR survives
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 🇺🇸
Thanks for the great content RacerX. Stellantis is in a tough spot. The US government with their CAFE rules and fines make it very difficult if not impossible to continue to sell the cars we enjoy and want to buy.
They have chosen to move to BEVs which now seems to be a poor performing market. Adding a desperately needed new model to the Dodge line up by rebadging an Alfa Romeo was a flop. So strategically they are doing the wrong things at the wrong time. Now they are recognizing their strategy is flawed and need to cut cost. I hope they survive, but they seem to be doing little if anything right. If the Charger doesn’t sell the Dodge brand is done.
The sales declines are EASY to explain. PRICES are TOO HIGH! Profitable? Maybe. Sustainable? Not a chance.
Racex. Love your content. Quick clarification. Dealer margins have nothing to do with the oem margin. Those are two different numbers.
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.
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!!!!
Great analysis. Balanced viewpoint between all the major stakeholders.
As a lifelong Mopar enthusiast I share the sorrow over the Hemi's demise. The Hurricane may make power, but I'll wait until the twin turbo gassers have a solid reliability reputation before I sign any checks. Bought a last call Challenger R/T to add to the collection. FCA needs more enthusiasts in product development to avoid wasted time and money on cars like the Hornet. Who exactly is the targeted customer base for that car?
All valid points my friend. The Hornet does not really fit in the Dodge lineup in my mind! Perhaps they could have added it to Chrysler line .. so at least they had 2 vehicles and then given Dodge something small and quick like a new stealth 🥷
"Stellantis is NO LONGER an American company". Finally, someone said it. Thank you Rod Meloni.
Me too, lol. Though I'm in Cali so, Paul is up really late.😮
I was up really late getting this one in the pipe
That corporate building was opened in 1994 when Chrysler moved from their original headquarters in Highland Park, MI. Off of Oakland, Ave.
I'm always up till 1 am
I have a 2019 Ram 1500 5.7 Bighorn bought new, I went on Ram website and built my same truck as a 2023 and the sticker price was just shy of $8k higher than the sticker of my 2019. Corporate greed is running rampant.
I'll stick with my 50 year old 440 six pack challenger, and run my 16 hemi ram both paid for😊
So does this mean the prices of the current dodge ram jeep product that has a 1 (built in the us) will go up in value in the long run, or will the value go down regardless?
Our Dodges and Jeep have been parked for over a month now.
I worked for a tier 1 supplier in the early through mid 2000s until our jobs were outsourced to Mexico. Ford and Jeep wouldn't renew contracts unless manufacturing was outsourced.
The DS Brand is a luxury offering by Stellantis in Europe. The DS4 is magnificent in looks and finish. I would love to see this car rebadged as a Chrysler, and sold in the U.S. and Canada. Chrysler needs more models to sell, and the DS Brand is a good start. I am not happy, as a lifelong Chrysler fan and buyer that the company is owned by the French, but I want to see CDJR continue to offer vehicles people want to buy.
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.
As an avid Mopar fan, this all saddens me. Im 50 and my grandfather always had a ram truck to do the work we had to do. I know the hurricane is faster but they dont have the feel of an eight! I know this because I have tested a couple. I am just truly saddened.
Oh well, Dodge screwed me over three times in my life . “ If they die, they die !” …. I couldn’t care less ..
The numbers they need to understand as an auto worker myself we are customers of the products we build. So the more you cut the more you cut the customer base. That's why you have to come along and offer the lease program. Doing gimmicks to make money instead of representing the customers... Am I working a short-term but it's not going to work in the long term. 💯
Great video. Great facts presented and information made a lot of sense. Too bad the company is not loyal to us Mopar guys.
I sold my 2023 Pacifica S Touring to CarMax because this is one vehicle where one will NEVER make money near the end of the lease. Since 2016 we have had two Pacificas, three Challengers and three Rams. Never again.
I get the buisness aspet from being in corp so many years, but sad and glad we had this special moment in time to enjoy these vehicles. Maybe someday they will come back.
I used to be a MOPAR fan like many others. While no company is perfect I dropped them while Mercedes owned them
I still have my Challenger 1320, but just traded both Jeeps in for a Chevy.
Is he going to cut his salary and bonuses by 30%?
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 😢
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.
$65k for a Jeep Wrangler that I paid $40k for just six years ago. No thanks.
This what happens. When one company buys a other. The company that was purchased loses a lot of its work force.
Its sad that at least the perception was back! Muscle cars. Beautiful classy looking rides. And now this....
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.
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
Wow《☆》I'm catching up here Brother🙏Let's bring Mopar back home if possible✌️😎☯️
Very informative. Thanks!
We knew this was coming, nothing shocking here. After the limited edition farse and the INSANE dealer markups. I get a very strong feeling dealers knew the score in 2021, 2022 timeframe.
The sales numbers lowered so they decided to massively price hike the units that they did sell to cover the lost percentages. Now they are stuck with all these 2023 models but people are unable to get the financing for some of them as the financing companies are not willing to finance the entire amount anymore as they are 2023 models.
I miss Sergio. He knew how to run a big company. FCA was moving before he passed away.
Awesome content buddy 🙏👍💪