Car Dealership Guy’s Post

Stellantis Issuing a Recall – What Does This Mean for the Auto Industry? Wow, here we go again! Another day, another recall. This time, it’s Stellantis, pulling back over 1 million vehicles from the market in the U.S. and Canada. If this isn’t a wake-up call for car manufacturers, I don’t know what is. Here are a few key thoughts: 1. **Quality Control?** – Are we just going to keep watching these major recalls unfold without questioning the quality and reliability that automakers are touting? It often feels like the more flash and tech we pack into these modern machines, the less they seem to last. 2. **Consumer Trust** – It’s no surprise if vehicle buyers start looking at automakers through more skeptical eyes. With each recall, consumer confidence takes a dent. And who can blame them? It’s their safety on the line. 3. **Economic Ripple Effect** – Think about it, over 1 million vehicles being recalled. The cost implications for Stellantis are eye-watering. That’s not just a hit to the bottom line; it impacts jobs, investor confidence, and broader market perceptions. 4. **Innovation vs Safety** – There’s a growing tension in the auto industry between pushing boundaries with new tech and maintaining rigorous safety standards. When innovation sprints ahead of practicality, these are the kinds of blunders we end up with. And what does all this unpredictability mean for the future? Some predictions and reflections: - **Increased Scrutiny** – Expect to see even more stringent oversight and regulations from automotive watchdogs. They’ll have to crack down harder if recalls like this keep mounting. - **Shifting Priorities** – It'll be interesting to see which automotive giant makes the first move to purely prioritize quality control over hype. Let’s see who gets it right! - **Opportunities for Disruptors** – Smaller, emerging companies in the electric vehicle space have a big chance here. Stellantis' stumble could pave the way for newcomers who can balance innovation with reliability. Will Stellantis learn and adjust? This recall is sending ripples through the automotive landscape. It’s time for a significant shift, from flashy features to fundamental reliability. 👇 Comment below on what you think this means? Stay resilient, [Your Name] https://lnkd.in/emdgfXDV

Wow. Stellantis eclipses Volkswagen. I didn't see that coming. VW Group lost the world's largest carmaker by sales to Toyota in 2016. Now, Stellantis (brands include Fiat, Citroen, Peugeot, Jeep, RAM, Maserati and Alfa Romeo) has overtaken VW's market value, with its shares up 30% since January. Reasons include: - Stellantis' bet on 'multi-energy' platforms that enable it to make hybrid, petrol and electric cars on the same production line, as opposed to VW's dedicated EV lines. - VW's dependence on China, which accounted for 40% of its sales last year, but is fast becoming a graveyard for Western brands. - And, according to the FT, Stellantis' 'survivalist mentality' #automotive

A quick glance at the top automotive stories of the week.

The story of Porsche is not just about cars; it's about a company that has constantly reinvented itself, challenged conventional wisdom, and set new standards in the automotive industry. The Porsche brand's transformation from an elite name to a mass manufacturer of vehicles without eroding its brand value is a remarkable achievement. The company's journey from near-bankruptcy to a global powerhouse is a testament to its innovative spirit, adaptability, and willingness to embrace change. From manufacturing sedans for its automotive rivals (Volkswagen and Mercedes) to keep the company afloat, to the adoption of Toyota JIT manufacturing techniques, culminating in the ambitious but ultimately failed takeover of Volkswagen have all shaped Porsche's unique trajectory. Read all about it here, https://lnkd.in/d9H-6W4X

📈Stellantis is set to grow Jeep sales by an impressive 50%, according to a recent article by CNBC. We’re proud to be part of this journey with Stellantis. As we transition to Phase III of our collaboration, we're eager to see the impact of our B-TRAN™ technology on their next-generation EVs. ⚡This phase involves rigorous testing to meet automotive certification standards, aiming for a production-ready B-TRAN™-based module by 2025! Our collaboration aligns perfectly with Stellantis' ambitious sales growth plans, and we're thrilled to potentially contribute towards this goal sustainably. For more insights: https://lnkd.in/ePkCQ_8e #ElectricVehicles #Sustainability #Innovation #AutomotiveTechnology #Jeep

Renault Group, Ford Motor Company or General Motors, Carlos Tavares and Stellantis say they are ready for a megamerging. The boss of Stellantis is raising the Chinese threat to encourage consolidation in the sector, to face the incursion Chinese car makers. That announcement was similar to one before the reveal of the big merging of FCA Fiat Chrysler Automobiles and Groupe PSA. Again Carlos Tavares went from saving brands ( Opel, Peugeot, Fiat and Lancia), to protecting the European And American carmakers against Asians. #Automotive #Competition #market_Share #Electrification #E_mobility

I have to confess Franck Louis-Victor captured in a quite concise way the new paradigm automotive OEMs are facing. In addition to the well listed challenges we could as well mention the societal evolution such as the sovietization of the economy in certain countries and new regulations, pose challenges that are just as important as technological and competitive revolution. Your thoughts?

Stellantis NV (NYSE:STLA, EPA:STLA) reported third-quarter sales Tuesday afternoon that fell 1% year-over-year. The maker of Chrysler Motors Corp, Dodge, Jeep, Ram and others sold 380,563 vehicles in the period. Of the automaker’s brands, only Chrysler delivered third-quarter sales growth.  Jeep sales dropped 4%, Ram fell 4%, Dodge lost 23%, Fiat tumbled 30% and Alfa Romeo declined 16%. Chrysler, the lone standout, saw sales surge 96% year-over-year, driven by a more than four-times increase in Pacifica plug-in hybrid minivan sales.  "We’ve gained traction over the summer and we’re starting to see some momentum at the end of this third quarter,” US Head of Sales Jeff Kommor said in a statement. The third quarter results come as the United Auro Workers are striking specific plants operated by each of three Detroit automakers, including Stellantis’ Jeep plant in Toledo. and Mopar plants around the country. More at #Proactive #ProactiveInvestors #NYSE #EPA #STLA http://ow.ly/xn5w104WBfB

Carlos Tavares, CEO of Stellantis, is taking a unique approach to EV production that sets his company apart from other car manufacturers. With a dynamic team that can easily pivot production platforms to meet goals, Stellantis is poised to make significant strides in the EV market. To learn more about Tavares' vision for the company's future, check out the full article. #AutomotiveIndustry #EVProduction #CEOVision #Motorlease #WhateverItTakes

Europe’s top automakers reluctantly moved into the spotlight Tuesday, forced to showcase their falling order books and double-digit earnings drops while putting on a brave face about their future profitability growth. Indeed, earnings for a trio of carmakers worth a combined $208 million confirmed something analysts have known for some time: the automotive industry in the West is in the midst of a significant downturn. This was reflected in double-digit declines in earnings at Volkswagen and Mercedes-Benz, as well as a 12% fall in revenues at Fiat-maker Stellantis. However, the fall-off in results was still a surprise to investors, who voted with their feet. Read more: https://lnkd.in/dzGqrynp