Monday, May 20, 2024
Stellantis is gearing up to launch Leapmotor's T03 supermini and C10 SUV in European markets, including the UK, starting this September. The partnership aims to introduce these models through an initial network of 200 dealerships, marking a significant move in the global EV industry expansion with a focus on quality and competitiveness.
**Opel's All-New Frontera: Exciting Options Ahead** Opel's latest unveiling in Istanbul showcases the upcoming 2025 Frontera, a versatile family vehicle set to replace the Crossland. With 5-seater and 7-seater configurations, this model, akin to the Citroen C3 Aircross, offers choices between mild-hybrid and electric versions starting at €24,000 ($25,900) in Germany.
Opel introduced the brand-new Grandland, broadening its range with a bigger and roomier crossover on the latest STLA Medium platform, emphasizing versatility. With electric variants offering a choice of battery packs and fast charging capabilities, the 2024 Opel Grandland sets a new standard in the CUV segment, promising innovation and luxury.
Stellantis faces a federal lawsuit alleging that the Jeep Wrangler 4xe was marketed with a fire risk related to its lithium-ion battery packs. The lawsuit, involving nine complainants from seven states, claims that Stellantis should have been aware of the potential defect before launching the vehicles. Stellantis disputes the allegations and has initiated recalls and repairs.
As the automotive sector faces an 80-day inventory surge, dealerships nationwide brace for weakened demand. Reports revealed Cox Auto data highlights a 38% rise in January's days' supply. Stellantis responds by pledging to trim inventory by 30%, employing incentives and price adjustments, echoing broader market trends.
Stellantis targets double-digit profit margins in 2024, despite facing higher labor costs in North America. A 10% fall in operating profit during the latter half of 2023, mainly due to strikes at its key profit-generating North American facilities, challenges its outlook. Meanwhile, Stellantis revealed potential job cuts at its Warren Truck Assembly Facility, adding to the firm's strategic adjustments amid industry upheavals.
Stellantis has announced its North American brands will adopt Tesla's electric vehicle charging plug, the SAE J3400 connector, signaling a major shift towards standardized charging. This move, set for 2025, aligns with the IONNA initiative to create 30,000 fast-charging stations across North America by 2030, enhancing the charging infrastructure for all electric vehicle brands.
Italian headlines fuel rumors of a Stellantis/Renault merger, promptly dismissed by Chairman John Elkann. He reaffirms Stellantis' focus on long-term strategy. French government's involvement adds intrigue to the speculation. Reuters provides insight into the situation.