Samir Cherfan, leader of Stellantis’ Middle East and Africa regions, reported today that the company was in talks with Egyptian government leaders to expand Stellantis’ manufacturing in the country. Cherfan reported on social media: “Today, I was honored to meet with his Excellency Egyptian Prime Minister, Dr Mostafa Madbouly, Engineer Ahmed Samir, Minister of Industry and Commerce … Read more
While car shortages are expected to continue for another year, due to parts shortages, North American production has been rising—according to Automotive News. Within the Big Three, in June 2022 compared with June 2021: FCA US: 159,677—up by 34,885 General Motors: 186,979—up by 29,101 Ford: 153,401—up by 27,665 For the year to date, the numbers … Read more
Stellantis posted record profits for the first half of the year, with adjusted earnings before tax and interest rising by 44% to $12.7 billion. North America, which is dominated by the former Chrysler brands, was responsible for nearly half of all sales, and had a record margin of 18.1%. Overall, Stellantis’ margin rose from 11.4% in … Read more
With production issues hurting European sales, both Volkswagen and Stellantis lost market share in the first half of the year. From January to June, VW’s share fell from 26% to 24.7%; and, more to the point, Stellantis’ share fell from 23.1% to 20.8%. One good sign was in June market shares, with Volkswagen falling to … Read more
Ford Motor Company makes no mistake and pointing out that the new Bronco was designed to battle the Jeep Wrangler. The Wrangler has really been unrivaled as the best factory-built off-road vehicle that will also serve as a comfortable daily driver for decades, but with the Bronco, Ford has presented the first real competition for … Read more
FCA US’ market share has increased in the first half of 2022, as competitors lost more ground than Stellantis’ US group. So far in 2022, every automaker other than Tesla and Polestar has lost sales, in some cases by rather serious margins (Nissan dropped by 32%, for example). The former Chrysler brands, coupled with slow-selling … Read more
The American automotive industry is in a slump that doesn’t seem likely to end any time soon and with gas prices around the country reaching new record highs every week, big, powerful vehicles with thirsty engines are becoming less desirable to many drivers. Fortunately, there are still plenty of Americans who would rather pay more … Read more
In Canada, a country where Chrysler has traditionally enjoyed its highest market shares, second-quarter sales of Stellantis products rose by 17% over the same period in 2021—and retail sales rose by 18%, showing that the gains were not due to aggressive fleet sales. Overall, for the first half, FCA Canada sales rose by 4% to … Read more
GM had a relatively good second quarter, dropping by just 11% from Q2 2021—which is about half the drop of the US car market as a whole, excluding Ford, which has yet to report it. To a degree this goodness was purchased with the highest incentives—but FCA US was a close second, with both in … Read more
Toyota became a legend for its control of manufacturing quality and supply chains. Stellantis is a new beast, including FCA US, which is notorious among suppliers for its stinginess. On the other end, Toyota also went through years of running on fumes in its engineering departments, while FCA US pushed forward in exciting customers. Who dominated … Read more
Every time a car company puts out its sales figures, there will be some oddball vehicles on there—mainly, cars that have long been discontinued. They might have been used as loaners, or been subject to financial or legal issues, or perhaps even forgotten about—or the dealer may have been stubborn about getting at least what … Read more
FCA US reported a drop in sales for the second quarter (April through June) of 2022, compared with Q2 2021. Fleet sales rose as a percentage of the total, as retail sales fell by 24% and total sales fell by just 16%. Despite this, FCA US actually did well against its peers and may have … Read more
