Big discounts are coming for Jeep, Dodge as US sales crash ahead of first EV launches
electrek.co/2024/09/30/big-discounts-jeep-dodge-us-sales-crash/
Quick Glance: Discounts for Jeep and Dodge Amid Sales Decline
- Stellantis will offer significant discounts and reduce production to reverse the dramatic decline in US sales.
- US brand sales fell 21% in the second quarter compared to last year, prompting an adjustment in profit forecasts.
- Jeep plans to launch several new electric vehicles, starting with the Wagoneer S this fall, to boost sales.
- The company's leadership has prioritized restoring normal inventory levels by the end of 2024.
Story Details
| Last Updated | Oct 01 |
| Total Articles | 29 |
Stellantis lowers 2024 outlook, accelerates inventory reductions: 2024 is expected to be the first year the company doesn't post a double-digit margin since the ...
detroitnews.com/story/business/autos/chrysler/2024/09/30/stellantis-lowers-2024-outlook-accelerates-inventory-reductions/75449812007/
Daily Sabah Sep 30
Stellantis, Aston Martin shares plunge on profit warnings: Shares in Jeep-maker Stellantis and Britain's luxury carmaker Aston Martin suffered a blow on ...
dailysabah.com/business/automotive/stellantis-aston-martin-shares-plunge-on-profit-warnings
Stellantis lowers profit outlook for 2024, plans more inventory cuts in US: Stellantis had been forecasting double digit adjusted operating income margins for ...
freep.com/story/money/cars/chrysler/2024/09/30/stellantis-lowers-profit-outlook-2024/75452246007/
Carmaker Stellantis slashes forecasts as it faces industry slump and Chinese competition
apnews.com/article/carmaker-stellantis-forecasts-slump-540f78239aec2841e6c1f4d33a6a8e8f
Stellantis sees things going from bad to worse: The company behind brands including Jeep and Chrysler has lowered its full-year guidance, sending shares tanking
qz.com/stellantis-jeep-chrysler-sales-2024-guidance-stock-1851660561
UAW calls on Stellantis workers to approve strike, accuses automaker of contract violations
wionews.com/business-economy/uaw-calls-on-stellantis-workers-to-approve-strike-accuses-automaker-of-contract-violations-763129
Stellantis Admits It Has Too Many Unsold Cars: Stellantis is taking measures to reduce the number of vehicles sitting on dealers' lots to 330 ...
motor1.com/news/735513/stellantis-too-many-unsold-cars/
Car industry: Opel parent company Stellantis drastically lowers profit forecast: The board of the car manufacturer no longer expects a double-digit return for ...
handelsblatt.com/unternehmen/industrie/autoindustrie-opel-mutter-stellantis-senkt-gewinnprognose-drastisch/100074599.html
European carmakers warn on profits as sector grapples with weak demand, rising costs
reuters.com/business/autos-transportation/european-carmakers-warn-profits-sector-grapples-with-weak-demand-rising-costs-2024-09-30/
Business Insider Sep 30
The US car market is also weakening: Stellantis revises expectations: Stellantis is faced with declining sales figures and a difficult market situation ...
businessinsider.de/wirtschaft/auch-der-us-amerikanische-auto-markt-schwaechelt-stellantis-korrigiert-erwartungen/
Stellantis shares fall by double digits: Outlook for 2024 cut - | Crisis in the automotive industry also hits Stellantis
finanzen.net/nachricht/aktien/autobranche-in-der-krise-stellantis-aktie-sackt-zweistellig-ab-auch-stellantis-korrigiert-prognose-fuer-2024-nach-unten-13878827
Volkswagen and Stellantis shock the stock market: What opportunities do the shares still have for investors?
boerse-online.de/nachrichten/aktien/volkswagen-und-stellantis-schocken-boerse-welche-chancen-haben-die-aktien-jetzt-noch-fuer-anleger-20367217.html
Stellantis shocks the stock market: VW competitor weakens: The difficult situation on the car market is also affecting Opel's parent company ...
faz.net/aktuell/wirtschaft/unternehmen/stellantis-schockt-die-boerse-vw-konkurrent-schwaechelt-110017737.html
Stellantis and Aston Martin blame weaker China demand for profit warnings: European carmakers hit hard by competition from cheaper Chinese rivals
ft.com/content/4814507e-3c2b-470d-a88a-ce47e0ee9e54
Stellantis Cuts 2024 Forecast on Costs for US, Global Slowdown: Stellantis NV slashed its profit margin forecast for the year, citing plans to dial back ...
bloomberg.com/news/articles/2024-09-30/stellantis-cuts-2024-forecast-on-costs-for-us-global-slowdown
Car manufacturer Stellantis shocks the stock market: The difficult situation on the car market is also affecting Opel's parent company ...
faz.net/aktuell/wirtschaft/unternehmen/autohersteller-stellantis-schockt-die-boerse-110017737.html
Stellantis issues profit warning, citing global markets, Chinese competition
reuters.com/business/autos-transportation/stellantis-revises-guidance-downward-citing-performance-issues-industry-dynamics-2024-09-30/
Stellantis lowers profit forecasts due to massive US market problems: The car industry is currently in crisis. Stellantis is also affected by this ...
focus.de/finanzen/boerse/schock-fuer-opel-mutter-stellantis-senkt-gewinnprognosen-aufgrund-massiver-us-marktprobleme_id_260354524.html
More articles on this subject
Previous
Stellantis lowers 2024 outlook, accelerates inventory reductions: 2024 is expected to be the first year the company doesn't post a double-digit margin since the ...
detroitnews.com/story/business/autos/chrysler/2024/09/30/stellantis-lowers-2024-outlook-accelerates-inventory-reductions/75449812007/
Daily Sabah Sep 30
Stellantis, Aston Martin shares plunge on profit warnings: Shares in Jeep-maker Stellantis and Britain's luxury carmaker Aston Martin suffered a blow on ...
dailysabah.com/business/automotive/stellantis-aston-martin-shares-plunge-on-profit-warnings
Big discounts are coming for Jeep, Dodge as US sales crash ahead of first EV launches
electrek.co/2024/09/30/big-discounts-jeep-dodge-us-sales-crash/
Stellantis lowers profit outlook for 2024, plans more inventory cuts in US: Stellantis had been forecasting double digit adjusted operating income margins for ...
freep.com/story/money/cars/chrysler/2024/09/30/stellantis-lowers-profit-outlook-2024/75452246007/
Carmaker Stellantis slashes forecasts as it faces industry slump and Chinese competition
apnews.com/article/carmaker-stellantis-forecasts-slump-540f78239aec2841e6c1f4d33a6a8e8f
Stellantis sees things going from bad to worse: The company behind brands including Jeep and Chrysler has lowered its full-year guidance, sending shares tanking
qz.com/stellantis-jeep-chrysler-sales-2024-guidance-stock-1851660561
UAW calls on Stellantis workers to approve strike, accuses automaker of contract violations
wionews.com/business-economy/uaw-calls-on-stellantis-workers-to-approve-strike-accuses-automaker-of-contract-violations-763129
Stellantis Admits It Has Too Many Unsold Cars: Stellantis is taking measures to reduce the number of vehicles sitting on dealers' lots to 330 ...
motor1.com/news/735513/stellantis-too-many-unsold-cars/
Car industry: Opel parent company Stellantis drastically lowers profit forecast: The board of the car manufacturer no longer expects a double-digit return for ...
handelsblatt.com/unternehmen/industrie/autoindustrie-opel-mutter-stellantis-senkt-gewinnprognose-drastisch/100074599.html
European carmakers warn on profits as sector grapples with weak demand, rising costs
reuters.com/business/autos-transportation/european-carmakers-warn-profits-sector-grapples-with-weak-demand-rising-costs-2024-09-30/
Business Insider Sep 30
The US car market is also weakening: Stellantis revises expectations: Stellantis is faced with declining sales figures and a difficult market situation ...
businessinsider.de/wirtschaft/auch-der-us-amerikanische-auto-markt-schwaechelt-stellantis-korrigiert-erwartungen/
Stellantis shares fall by double digits: Outlook for 2024 cut - | Crisis in the automotive industry also hits Stellantis
finanzen.net/nachricht/aktien/autobranche-in-der-krise-stellantis-aktie-sackt-zweistellig-ab-auch-stellantis-korrigiert-prognose-fuer-2024-nach-unten-13878827
Volkswagen and Stellantis shock the stock market: What opportunities do the shares still have for investors?
boerse-online.de/nachrichten/aktien/volkswagen-und-stellantis-schocken-boerse-welche-chancen-haben-die-aktien-jetzt-noch-fuer-anleger-20367217.html
Stellantis shocks the stock market: VW competitor weakens: The difficult situation on the car market is also affecting Opel's parent company ...
faz.net/aktuell/wirtschaft/unternehmen/stellantis-schockt-die-boerse-vw-konkurrent-schwaechelt-110017737.html
Stellantis and Aston Martin blame weaker China demand for profit warnings: European carmakers hit hard by competition from cheaper Chinese rivals
ft.com/content/4814507e-3c2b-470d-a88a-ce47e0ee9e54
Stellantis Cuts 2024 Forecast on Costs for US, Global Slowdown: Stellantis NV slashed its profit margin forecast for the year, citing plans to dial back ...
bloomberg.com/news/articles/2024-09-30/stellantis-cuts-2024-forecast-on-costs-for-us-global-slowdown
Car manufacturer Stellantis shocks the stock market: The difficult situation on the car market is also affecting Opel's parent company ...
faz.net/aktuell/wirtschaft/unternehmen/autohersteller-stellantis-schockt-die-boerse-110017737.html
Stellantis issues profit warning, citing global markets, Chinese competition
reuters.com/business/autos-transportation/stellantis-revises-guidance-downward-citing-performance-issues-industry-dynamics-2024-09-30/
Stellantis lowers profit forecasts due to massive US market problems: The car industry is currently in crisis. Stellantis is also affected by this ...
focus.de/finanzen/boerse/schock-fuer-opel-mutter-stellantis-senkt-gewinnprognosen-aufgrund-massiver-us-marktprobleme_id_260354524.html
Stellantis sues UAW in US federal court over strike threats: Chrysler parent Stellantis STLAM.MI filed a federal lawsuit against the United Auto Workers ...
cnn.com/2024/10/04/business/stellantis-sues-uaw-strike-threats/
Stellantis CEO Carlos Tavares Mulls Exiting After Contract Ends in Early 2026: In his first public comments since Stellantis NV confirmed it had started ...
bloomberg.com/news/articles/2024-10-03/stellantis-ceo-mulls-exiting-after-contract-ends-in-early-2026
Quick Glance: Stellantis CEO Tavares Contemplates Retirement in 2026
- Carlos Tavares, Stellantis CEO, commented on the possibility of retirement in 2026 during his visit to the Sochaux plant.
- He stated he would honor his contract until January 2026, while discussions for his successor have begun.
- Tavares believes his remaining tenure is sufficient to address challenges following a recent earnings warning.
- He highlighted positive trends, including a recovery in US market share and strong sales of the 3008 and 5008 models.
Jeep teases the Compass EV: Here’s our first look at the upcoming electric SUV: It’s official: Jeep’s most globally available model is going electric ...
electrek.co/2024/10/07/first-look-electric-jeep-compass/
Stellantis recalls 194,000 Jeep plug-in hybrids over fire risks: Stellantis STLAM.MI said Monday it is recalling 194,000 plug-in hybrid electric Jeep SUVs to ...
cnn.com/2024/09/30/business/stellantis-recall-jeep/
Quick Glance: Jeep SUVs Recalled Over Fire Hazard Concerns
- Stellantis is recalling 194,000 plug-in hybrid Jeep SUVs to mitigate fire risks following reports of 13 fires.
- The recall affects 2020 to 2024 Jeep Wrangler and 2022 to 2024 Jeep Grand Cherokee models.
- Fires occurred while the vehicles were parked and off, with an estimated 5% of affected vehicles potentially having the defect.
- Owners are advised to park away from structures and other vehicles until repairs are completed.
Stellantis begins search for successor to CEO Carlos Tavares: Stellantis said on Monday it has begun a search for a candidate to succeed CEO Carlos Tavares ...
reuters.com/business/autos-transportation/stellantis-initiates-search-successor-ceo-carlos-tavares-bloomberg-news-reports-2024-09-23/
Jeep, Ram owner begins search for a new CEO as US sales crash: Stellantis, the parent company of Jeep, Ram, Dodge, and several others is searching for a new CEO ...
electrek.co/2024/09/23/jeep-ram-owner-looking-for-new-ceo-us-sales-crash/
Q3 sales expose challenges for each of Detroit Three automakers: “It’s not surprising that vehicle sales have stalled," said Warren Browne ...
detroitnews.com/story/business/autos/2024/10/02/third-quarter-sales-detroit-three-ford-gm-stellantis/75485309007/
Stellantis cuts temps, full-time workers at Detroit Assembly Complex: Both the Jefferson and Mack sides of the complex, where Jeep and Dodge SUVs are built ...
detroitnews.com/story/business/autos/chrysler/2024/09/25/stellantis-cuts-temps-full-time-workers-at-detroit-assembly-complex/75384018007/
Stellantis reports 20% drop in 3rd quarter US sales, with Chrysler and Dodge hit hard
freep.com/story/money/cars/chrysler/2024/10/02/stellantis-q3-us-sales-down-again/75469761007/
Quick Glance: Stellantis Faces Sales Decline and Leadership Criticism
- Stellantis reported a 20% sales decline in Q3 2023, with 305,294 vehicles sold in the U.S.
- Dodge and Chrysler saw the largest drops at 47% and 43%, while Fiat experienced a 118% increase in sales.
- CEO Tavares acknowledged his mistakes at an investor event and announced measures to boost sales.
- The UAW plans a rally against Stellantis and has filed legal actions for alleged contract violations.
Stellantis cuts inventories, pricing to improve North American business
reuters.com/business/autos-transportation/stellantis-aims-cut-north-america-inventories-by-100000-by-early-2025-cfo-says-2024-09-23/
Jeep recalls more than 194,000 plug-in hybrid SUVs due to fire risk: Jeep is recalling more than 194,000 plug-in hybrid SUVs worldwide because they can catch ...
apnews.com/article/jeep-recall-park-outdoors-fire-risk-d201d4a90b271da96724f77ec034e459
UAW urges Stellantis workers to authorize strike, accuses car maker of breaching contract
reuters.com/business/autos-transportation/uaw-urges-stellantis-workers-authorize-strike-accuses-car-maker-breaching-2024-09-28/
Stellantis shares plunge as carmaker follows Volkswagen in warning on profits: Shares in Chrysler parent Stellantis plunged almost 14% in Milan Monday after the ...
cnn.com/2024/09/30/business/stellantis-profits-plunge-china-competition/
Stellantis is skidding into unknown territory: European carmaker’s road back will be long and winding
ft.com/content/a7b30616-da23-464e-ac3a-da67ee1d5cd9
College majors for millionaires, cable's free streaming, a Netflix backlash: The week's most popular
qz.com/college-majors-millionaires-netflix-hertz-ev-myths-1851665240
Stellantis recalls over 15,000 Fiat vehicles in the US, NHTSA says: Stellantis is recalling 15,835 Fiats due to a software error that may cause the front airbags ...
usatoday.com/story/money/cars/recalls/2024/09/25/stellantis-recalls-15000-fiat-vehicles/75375470007/
CarBuzz Oct 04
Mopar Teases Rugged-Looking Ram 2500 Ahead Of SEMA 2024: Here's what we can expect from the rugged and capable Ram 2500-based mystery build.
carbuzz.com/mopar-teases-ram-2500-pickup-sema-2024/
Stellantis cuts temps and full-time workers at Sterling Heights, more layoffs planned
detroitnews.com/story/business/autos/chrysler/2024/09/24/stellantis-cuts-workers-at-sterling-heights-with-more-layoffs-planned/75367058007/
Jeep just launched its first EV in Japan to take on Toyota’s home turf: The rugged SUV maker wants a bigger share of the global market. Jeep launched its first ...
electrek.co/2024/09/26/jeep-just-launched-first-ev-japan-take-on-toyota/
New Jeep Compass to be built in Italy from 2025: Carmaker Stellantis said on Monday it will start production of the new version of its best-selling Jeep Compass ...
timeslive.co.za/motoring/news/2024-10-07-new-jeep-compass-to-be-built-in-italy-from-2025/
Stellantis Credit Outlook Goes to ‘Negative’ as Woes Mount: S&P Global revised its outlook on Stellantis debt to negative from stable. The auto maker kept its ...
barrons.com/articles/stellantis-credit-outlook-negative-stock-c03dbe74
Paid articlePaywall
Toyota submits to social media pressure, reverses crucial policy
kentucky.com/news/business/article293578494.html
Stellantis Stock Drops After Another Downgrade. Why Wall Street Is Worried.
barrons.com/articles/stellantis-stock-downgrade-jeep-chrysler-56d685ad
Paid articlePaywallStellantis Disaster Shows Why Auto Stocks Don’t Get High Valuation Multiples: Stellantis stock was rising but down 17% for the week. RBC analyst Tom Narayan ...
barrons.com/articles/stellantis-stock-downgrade-chrysler-jeep-b3655387
Paid articlePaywallStellantis gets worse, Tesla's Cybertruck win, Nissan's deep trouble, and EV myths: Autos news roundup
qz.com/stellantis-sales-tesla-cybertruck-recall-nissan-evs-1851664358
Ram 1500: How Stellantis is bringing its giant pick-up to Europe: Pick-ups have long been bestsellers in the USA. There are almost no really big ones of their ...
handelsblatt.com/mobilitaet/motor/ram-1500-so-bringt-stellantis-sein-riesen-pick-up-nach-europa/100076736.html
Why Stellantis, owner of Chrysler, Jeep and Ram, is struggling | Analysis: Dealers and analysts said Stellantis had moved too slowly to offer incentives as ...
st.news/3NgcYHU
Stellantis gets worse, Tesla's Cybertruck win, Nissan's deep trouble, and EV myths: Autos news roundup
qz.com/stellantis-sales-tesla-cybertruck-recall-nissan-evs-1851664358
GM sales beat forecasts but drop 2% from lower fleet deliveries: The automaker's retail and EV sales were up.
detroitnews.com/story/business/autos/general-motors/2024/10/01/gm-sales-beat-forecasts-but-drop-2-from-lower-fleet-deliveries/75466893007/
College majors for millionaires, cable's free streaming, a Netflix backlash: The week's most popular
qz.com/college-majors-millionaires-netflix-hertz-ev-myths-1851665240
Jeep Recalls Some Wrangler 4xe, Grand Cherokee Plug-In Hybrids Over Fire Risk: Stellantis NV warned that nearly 200,000 plug-in hybrid Jeep SUVs worldwide may be ...
bloomberg.com/news/articles/2024-09-30/jeep-owner-stellantis-warns-of-fire-risk-in-200-000-plug-in-suvs
Massive Jeep recall is only the latest headache for Stellantis: The recall isn't going to help the automaker sell more cars.
trib.al/VhOmxGy
Almost 200K Jeep hybrids recalled over fire risk: Close to 200,000 Jeep plug-in hybrids are being recalled over a fire risk, according to a Monday press release ...
trib.al/CtxeL59
No One Is Buying the New Fiat 500: No One Is Buying the New Fiat 500. Demand is so low, Stellantis has halted production of the tiny city car until November 1st.
motor1.com/news/735737/fiat-500-production-stopped/
Vauxhall owner warns on profits amid falling sales and tougher Chinese competition
theguardian.com/business/2024/sep/30/vauxhall-owner-warns-on-profits-amid-falling-sales-and-tougher-chinese-competition
'Park outside': 150,000 Jeep Cherokee and Wrangler hybrids recalled for fire risk
usatoday.com/story/money/cars/recalls/2024/10/01/jeep-hybrid-recall-wrangler-cherokee/75466533007/
Stellantis puts five brands in creative review, including Dodge, Ram and Chrysler
adage.com/article/agency-news/stellantis-agency-review-dodge-ram-chrysler-alfa-romeo-fiat/2583326
Paid articlePaywallFord, GM Stocks fall 3% After Jeep Maker Stellantis Warns About China Competition
barrons.com/articles/ford-gm-stock-price-4290883e
Paid articlePaywall
Jeep’s compact EV debuts in Japan as imported EVs take the lead: In Japan, gasoline and hybrid gas-electric cars remain the dominant powertrains of choice for ...
japantimes.co.jp/business/2024/09/26/companies/jeep-compact-ev/
Howes: Why Tavares' troubles could mean change coming atop Stellantis: A lot of collateral damage has been done to the vital constituencies any auto CEO needs to ...
detroitnews.com/story/business/autos/chrysler/2024/09/26/howes-why-tavares-troubles-could-mean-change-coming-atop-stellantis/75382471007/
UAW-represented tool and die workers at Ford Rouge avert strike with tentative contract
freep.com/story/money/cars/ford/2024/09/26/ford-rouge-uaw-tool-die-workers-tentative-contract-agreement/75389509007/
horizont.net Sep 26
Horizont before 9: Eight things you should know this morning: Open AI and Meta, Google and Apple are always making headlines - | again today: restructuring at ...
horizont.net/marketing/horizont-vor-neun/horizont-vor-9-acht-dinge-die-sie-heute-morgen-wissen-sollten-222872
Next
New to NewsWall?
Sign up now to get your own personalized news!
Trending topics