STELLANTIS CEO DELIVERS DEATH BLOW TO US BRANDS.. THE END OF AN ERA FOR CHRYSLER DODGE JEEP AND RAM
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- Опубликовано: 19 июн 2024
- In this video I share the recent news of Stellantis doing more layoffs and cuts in Auburn Hills and likely selling the historic headquarters.
Link to news story: • Massive cost cuts are ...
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I’m sitting at Warren truck right now! Seriously thinking about my next move.
Take away the power they have, stellantis and the UAW both appear to need a gut check ,buy from someone else.
I’m at Shap on the same thang Brody
@@MrR6guy They are trying to close the US plants. Hopefully the CEO is gone before the plants are. The local economies and people's way of life depend on these jobs.
I'll just say this- this was the game plan. Chrysler has been foreign-owned since the Chrysler honchos got in bed w/the Germans to hide the takeover as a "Merger." The UAW, with their demands & sh!t attitude last summer only hastened the demise. Stellantis was the first to ratify the contract with the union because they knew what they're move would be and it would force GM & Ford to hurry up and saddle themselves with UAW demands, which will only help to weaken them, playing into the European's hands.
Looking back at the celebrations the UAW & the rank & file had when the contract was ratified, I remember laughing. I knew it was going to backfire- how insane is it to demand more & more in an era of spiking interest rates, lowering sales/inventory staking up, banks not lending, and a piss-poor economy? Now you all will not have a job.
BAP-Sitting at home, been down since Christmas, won't start up until 2027. (BRAMPTON ASSEMBLY PLANT) only product talked about for us is the New Jeep Compass.
Stellantis tried to make Jeep a luxury brand and that destroyed Jeep. They didn't stay true to its roots.
No manufacturer is true to its roots, since time changes everything.
Greed
not only that, when it was still FCA they sued Mahindra that was building the Roxor (licence built CJ side by side) that came a lot closer to the roots than a $60,000 Wrangler.
Jeeps were never meant to be "luxobarges."
They did the same to Dodge.
The most expeditious way to cut costs for Stellantis is to immediately fire Carlos Tavares!
Right?! There’s $40mil right there in one shot!
What's that Led Zepplin song. Your time is gonna come.
Mr. Carlos is responsible for Stellantis current state. Have some balls take accountability.
I owns stock and he is worth every penny because I am making money on the dividends.
Maybe they can get that Carlos guy from Nissan? Oh right
@@smarternuhow much dividends will you make when there is NO company???
They priced themselves out of the market. No one wants to buy a $100,000 truck that only costed $40,000 four years ago.
That's all american companies, if the market doesn't change your going to see the market slim down
In 1980 I worked for a company that was bought by a German company. The president came to us and told us he would be laying off 25% of our staff. When asked why (we were profitable), he said he had German families to support. One of us yelled out that we have families also. Crickets. Afterwards, one of my colleagues explained that to Germans we were Auslanders (outsiders, beneath them.) I left the company a year later. At the same meeting the president announced we would no longer be selling our equipment design, only their German design. Our customers didn’t want it, they wanted our design. I saw the handwriting on the wall and found another employer. Orders dried up and a year later the Germans shut down the US company and opened a 2 man sales office for their design. The Stellantis situation is eerily familiar.
I have a buddy that worked for Diebold. Went through similar when Nixdorf bought them.
A lot of similarities….
Liar.
@@lot2196 You may not believe me but it happened. A company of over 100 employees lost their jobs by the time it shut down.
It's called seagull management, fly in and shit on everyone and fly away
Nice, I like that one.👍
Corporate sociopaths love this style of manglement.
Good one !!
this will never stop until laws enforce penalties for bad management and shareholders loss why would they care they still get 20 millions bonus while the company loses 200mio if the laws don't protect customers then okay fine but what about the money those bad managers steal from shareholders, if the company loses money but they make more it means they are taking it directly into shareholders pockets
@@budarbys With a golden parachute to boot!
This is what happens when a great American company was sold out to a European conglomerate
This is what happens when Americans are too weak in mechanical engineering and can`t make great products!
Was not sold was given to fiat by Obama
Thanks to Odumbass for forcing the deal with Fiat. I had a strong feeling that this was going to happen. The only way to save Chrysler is if an American buys it from that frog
Great American company?Do I need to remind you they dam near went out of business 2x due to building junk
@@Pelley4560 not so great.
Mr. Iacocca was a visionary, a leader and a true businessman who knew what people needed and wanted. He was a champion at what he did. RIP in peace Mr. Iacocca 🙏🏽💐
Iacocca made me money. Since him, I am out.
HAHAHAHAHA Iacocca was not a successful CEO. Chrysler was always a shaky company but the wheels came off under Lee
@@davidsanford6084 I Am Chairman Of Chrysler Corporation America. I.A.C.O.C.C.A. Meant to be you could say.
He @@bokesnmokesHe worked at General Motors & Than Ford Help Launch The Ford Mustang and Paid Back The Loan Early For Chrysler Dodge Jeep Ram Magnum engines & Hemi . He Help Launch The Minivan & K Cars .He Bob Lutz & Tom Gale & Carrol Shelby
This is what ALL corporations do. It doesn’t matter what country they are from. They have no loyalty except to their shareholders.
They make quality Toyotas in Turkey folks.
This isn't the 1930's.
America is not #1 anymore. car wise at any rate.
@@gr8xr7 companies can only do this when the government protects them from competition. In a free market someone will come in with a cheaper betterment product. In reality the government protects the major auto manufacturers from competition and they can do as they wish to us customers and we have to deal with it.
No V8s, crappy italian SUVs dressed as overpriced Jeeps, and prioritizing products that no one wants, while destroying the ones we love, is a straight ticket to lose your customers. That's not the way to run your business!
The dealers aren’t helping, either. Most of them still have PLENTY of Chargers and Challengers, ‘23 model year keep in mind. Most manufacturers are already delivering ‘25 models, just saying. All the Charger needed was the Durango interior copy/pasted, and drop in the Hurricane I6. So much engineering, for what? With updated tech, and maybe a different bumper/taillight update, the Chargers could have sold for another decade of pure profit. What a dumb company, run by uptight foreigners.
@@rachelbolyard1527 The company was buying millions of carbon credits for each v8 they sold. the V8 can not meet current air pollution standards. If car manufacturing companies want to survive the must make ev at a price that has to be attractive. The ICE will be forbidden very soon in automotive time.
@EnriqueAThieleSolivan carbon credits are a scam, to begin with. But removing, simple shit like oil lipsticks, forcing Italian mini car design bs Americans don't like tiny bs cars. Flats been shitnfor half a century
@@EnriqueAThieleSolivan Current emissions standards are unnecessarily restrictive and have a lot of unintended consequences.
@@EnriqueAThieleSolivan Carbon credits are a scam. No one wants electric cars. Manufacturers have lost billions of dollars on this obsolete technology (that was rejected in the 1920s) Government regulations are illegitimate. As illegitimate as the #globalwarming scam. This will not end well for the Fascists.
Born and raised around Chryslers, Dodges and Plymouths since my childhood in the early '60s. I'm amazed at the level of incompetence and disconnect being displayed by Stellantis in absolutely ruining this once proud U.S. company. 😔
The whole country is ruined
This once proud US company was already financially on the verge of bankruptcy in 1979. The only thing preventing the collapse of company, the third largest automaker and the 10th largest corporation in the country, was a 1.5 billion dollar bailout loan from the Federal government. It wouldn't be the last time either.
Adjusted for inflation that was about a 6.5 billion dollar loan to save their bacon.
The days of Chrysler being a once proud US company were already over at that point. That hay day was when Chrysler Corporation's Space Division was building things like the first stage for the Saturn 1B rocket. Yeah, Chrysler used to have a Space Division. That built man rated rockets capable of putting men in orbit around the Earth.
@@ButterfatFarms 100% with you. People fawn over Iacocca as well, and while he did save Chrysler with the K-car, he also pimped that thing so long without really fixing serious quality issues, it drove them to near bankruptcy again in the early '90's.
Then the execs at Chrysler got in bed with the Germans in the mid-'90's to collude in masking a takeover by Daimler as a "Merger of Equals." Why? So there was no buy-out premium for stockholders and such...they wanted to screw everybody but themselves.
"Ma Mopar" my ass- people who believe that are simpletons. It's just another corporation anymore whose only concern is money
My mom had a Plymouth reliant. I remember riding around in a w150 to the dump. I’ve owned nothing but dodge to this day. I’m done.
Chrysler/Dodge of the 50's, 60's & 70's were a completely different vehicle than the one's we have had since the 80's, they are completely crap now.
They are a good looking vehicle especially the truck line (Ram) but unfortunately just plain junk.
Even as a GM guy, I'm attracted to the products Dodge makes. But I refuse to shop for one when I see 200 Rams lined up on a lot here in Ohio, 2 deep, but yet they want outrages prices. In my eyes, the true truck market is for the middle hard working class, home owners and small business/contractors. But I'm not paying 60-80 grand for a Ram just to be able to haul a couple 2x4's or a small new appliance once in awhile.
Thank God, we still have Ford and Chevy!
I work with Stellantis at Auburn Hills , while Tavares loves the North American market but he dont like the employees here, North American alone contributes to 60% of the companies profits. Yet every time the CEO comes to Auburn Hills he talks about layoffs, Tavares destroyed this company single handedly, His compensation rose from $25 Million to $40 Million this year.
Like he loved Renault/Nissan? He & his boss, Carlos Ghosn, really made those companies into junk as well
I worked for Chrysler and FCA in development at our Arizona facility. It was touch and go back in 2008 and we didn’t know if we would exist. Then FCA bought us and everything turned around. It was very good until the Stellantis merger. Testing was cut along with h Engineering. I’ve since retired and I watch all of the top leaders retire or get axed. They fired almost all of the management team that were direct FCA employees. They then offered the same individuals jobs, doing the same thing with less pay and benefits working for their contract house. They even took an engineer, made him a supervisor, so he could do both jobs for less security and money. “What a Joke “. Even with the major problems with many of their vehicles testing is very minimal.
Back when Lee Iacocca took the helm he inherited a huge mess at the time. He rebuilt the company. His compensation at the time was $1.00 a year. When he turned them around Chrysler gave him stock options. The CEO of Stellantis needs to work for a dollar too. Corporate greed 100 percent.
@@ericknoblauch9195 " When he turned them around Chrysler gave him stock options'
He got the options when he started. Most of Tavares compensation is stocks as well.
Guess who hired Carlos to destroy Chrysler, it was John Elkann.
Walter P. Chrysler is rolling in his grave right about now
America sadly has been in decline for years. We are led by mediocre losers.
What on Earth does this have to do with America? 🤣 America is doing perfectly fine withthe exception of a few population centers. Europe however is literally crumbling under its own weight. Its why they keep pushing nonsense enviro taxes which ruin car companies.
There are many examples of europeans being absolutely terrified of having to compete with American brands on a level playing field.
And the best example IS Dodge and Chrysler. Like you said, they're destroying them by design.
In the V8 sedan category, europe has NOTHING that competes with the Charger and 300. A 4 door V8 sedan for around $40K.
Europe, has, nothing.
The cheapest one that comes even close in price is the C63 amg which starts at $65K, and the one that comes close in size is the E63 amg which is even more expensive.
And the "german engineering" nonsense has been debunked over and over again. You can ask any real car mechanic who works on these cars daily, they'll tell you exactly how much german engineering is worth. Theres a good reason the german brands hold the record for depreciation.
Shortly, if the Charger and 300 were officially imported to europe, the entire C and E class of Mercedes would go out of business. So far europe has kept American cars from selling, in artificial ways with taxes and fees to push the price up. Europe has a history of doing this.
Whats about to happen is 2025 january, when its highly likely that the previous administration is coming in the US, and the previous guy will likely be pushing for American products to be sold in europe. Stellantis knows this, so destroying the US brands they can, while they can, is a strategy to save a few european automakers from losing a massive chunk of the market.
Before anybody starts screaming at me that "eUrOpEaNs dOnT bUy American vehicles", take a look at the netherlands. 9 out of 10 pickup trucks in the netherlands are the typical American trucks you see in the US. Thanks to a tax advantage, if people register their vehicles as part of their business, they can buy them for a proper price, no nonsense taxes and fees.
And will you look at that, when the playing field is leveled, the dutch choose to buy American.
The same thing would happen with the Charger and 300.
If europeans are so sure that these cars wouldn't do well then let the market decide.
I'll even take it a step further. If the Challenger, Camaro, Mustang were imported to europe, maybe they wouldn't dominate the 2 door coupe category, but they would sure have their own market share.
Like I said, europe is absolutely terrified of having to compete with American brands on a level playing field.
Capitalism is fueled by greed. In the words of George Carlin, "It's a big club and you ain't in it."
@DesertStateNevada I have a Jeep Gladiator. Over in places like South Africa and Australia where these have been sold, they have been very good performers. I know America can do great things. We just need to stop putting losers in positions of any power.
the sad part is were supposed to be land of the free and home of the brave, when did the brave ever follow leaders, they led the charge
This is really sad. Glad I retired several years ago. Reminds me of closing AMC in Kenosha. Totally devastated the community and the loyal workforce.
The workforce is loyal to the UAW, not the company.
It was the demands of the UAW that made the company's cost structure unsustainable and when sales decreased along with its profits the UAW just kept pushing for more and more.
Eventually, the cookie jar is empty no sales no profits, and high wages don't make for a company with a long future ahead of it.
It's a foreign owned company. No Bailouts.
We tax payers bailed out Diamler Chrysler in 2008. Does that count ? Diamler bought Chrysler in 1998 right . I blame the unions, are they the problem. That's right, I said it .
FIAT actually cared about the United States. This new company, what even is it? Stellantis.....First thing they do is abandon France, Italy, and USA, all together, and register the company in the Netherlands. Right away, I knew they were no good. Any corporate office far away, across national boundaries from where the production is being done, means production isn't a priority. The finance dorks have ruined another one. Its over.
You probably know this already, but a Euro company moving headquarters to Holland (or Luxemburg) may as well be registered in the Cayman Islands. It's always cute to watch the Dutch pretend to be upstanding citizens and proponents of the "EU", when in reality being by far the biggest tax evaders. Galaxies better at tax evasion than Greece (who are complete amateurs at tax evasion in reality). They are dumb enough to call four euro-countries PIGS while being a 100x bigger leech. Citizens have no idea they are the assholes of Europe and one of the planets biggest tax-havens.
If they can close the United States headquarters and move those jobs overseas Neatherlands, then they can follow by moving the production jobs to places where labor is super cheap too. The United States Government gave Chrysler a second bailout. After repaying the bailout they now pull the jobs out too. No Government bailouts to companies who lie when they say are saving jobs and then move them overseas. Stellantis is not an American company. It was not American when they set up their headquarters in the Netherlands. The second bailout of Chrysler never should have happened. Especially when the Government told Chrysler they needed to find a partner to merge with that ends up a Foreign company.
You forgot the primary goal...
It's not to make cars.
It's to make as much money for the investment bankers as possible before declaring bankruptcy and securing a government bailout.
No bailout this time,at all.
"Any corporate office far away, across national boundaries from where the production is being done, means production isn't a priority. "
Like Honda, Toyota, Nissan, Hyundai, Mercedes, VW and BMW?
I couldn’t agree more. I bought my first Ram 1500 under FCA and had zero issues. Bought my next Ram truck under the S brand and it’s been a huge decrease in quality. Even the service centers and dealers and went down.
I've purchased 4 new cars between 1987 and 2000:
•1987 Chevrolet El Camino - Hecho en Mexico
•1990 Chevrolet Lumina - Made in Canada
•1994 Chrysler LHS - Made in Canada
•2000 Honda Accord - Made in Ohio
Corporate America sold out the American worker a long time ago...
I will never buy another Stellantis product while Tavares is at the helm of the company! He should be ashamed.
Never buy means imminent bankruptcy for Dodge.
Stellantis is a global brand, they could care less about you, but you chose to buy their flawed overpriced products.
@@kathrynw3 exactly- from the jump, I said this and the "Real Mopar fans" jumped all over me. Hilariously, loving this last laugh over here...
@@kathrynw3 I don’t remember you sitting in the finance office with me at time of my purchase! Tell me how you came to the conclusion of that I over paid?
I have a 2016 RAM 3500 which has been a great truck. I will drive that truck into the ground and never replace it with another Stellantis product. I made the mistake of buying an almost new 1 year old 2021 Jeep Wrangler off a friend, the warranty is crap, the service is crap, they voided my warranty for no reason. The Jeep has been great overall but Im not buying another Jeep or RAM as long as they are Stellantis.
Hurts to watch Dodge get destroyed.
Yes it does , but they destroyed themselves long ago. Stellantis is just the nail in the coffin
Like America
@@Marco-fi6gv
Daimler destroyed Mopar! Before Daimler, Chrysler Dodge Jeep had some of the best selling vehicles. And they were in the black then.
Kinda a blessing at this point. They aren't American and I'd never buy anything from them again!
@@evoxcain Except America is doing just fine. Europe however is crumbling as we speak. Skyscraper high taxes, sky high gas prices, massive debt per capita (way higher than the US debt per capita), insufficient military budget, way less disposable income than Americans, and if that wasn't enough most european countries also have a declining birthrate due to the excessive taxes and costs of living making it unaffordable for most families to have more than 1-2 kids. This last one alone will cause the entire system to eat itself in a few decades.
Entire europe is falling apart, economically, culturally, and morally.
"Mopar or no car," Carlos: "Fair enough!"
Years ago I seen a snippet of an interview of some guy who ran a car company (Turned out to be Tavares), anyway this CEO was asked about the high prices of his cars and would people buy them, this guy just smirked and said something like "Well, if they want our cars they will." It wasn't until later found out that guy was the CEO of CJDR. He didn't care then either.
Their cars and customer service has been garbage for years in Australia !!!
And 🇺🇸 🧐😅
Get used to it, it's the future of ALL businesses. They don't want to make a product that lasts too long before you are compelled to buy a new one again. They also don't want to spend too much on helping you sort out issues with your current product when you could just buy a new one.
I beg to differ, I’ve owned nothing but FCA products for years and my vehicles have been dependable and costumer service has been the same
But not in Asean, I wonder why? 🤔😞
It's like the kid who gets yelled at to clean his room and they just stuff all the trash under the bed so mom can't see a mess from a passing glance.
so me all my childhood
@@fortheloveofnoise same
It's actually like the parents yelling at the kid to clean his room, while the parents keep throwing more trash in there...l
Stellantis is the automotive equivalent of InBev buying Budweiser and Bud Light. This is sad to see.
I've been a Mopar fan since a kid, I had Plymouth satellite 1972, bought my wife a durango 2018, last year bought her a 2024 jeep, And I own a Ram Mega Cab love my truck, but I don't think I'll be buying a new Truck so sad God Bless everyone God is Love
Can't feel bad for Chrysler that kept running overseas since back in the day instead of adapting from the ground up. Overseas finally took them out.
Great video. I can tell you that, as the owner of two Chargers, two Challengers, a Wrangler, and a Cherokee (all purchased brand new in the last 5 years), I have purchased my last Stellantis product. Never again. I pride myself in never purchasing anything from an ass hole company or person and this company has proven exactly who they are. This company is arrogant, smug, disrespectful, and completely detached from the reality of what Americans want. It's reflected in their sales and will only accelerate. If the CEO had any brains, he would sell Dodge, Jeep, and Ram back to an American company. As it stands, Dodge, Jeep, and RAM are destined to become the next Fiat in the United States
excellent!
@MrR6guy I have a quick question why can't GM buy dodge & Chrysler
Well said
If it cost too much to manufacture a product then develop another product at a place with lower cost. CEO actions are fueled by the UAW recent "contract"
Not the company but the CEO
😢😢😢 We need plane people at Boeing, Car people at Dodge and especialy to be aware that we vote with our money we choose between those brands that care about people and society and creating good jobs or those who destroy lives destroy society and care only about margins, Now a days a company that makes 50% profit in a product is considered a flaw.... are you kidding !!!
Absolutely heartbreaking 😢 my grandfather worked for Chrysler his entire life, he is rolling over in his grave😢
This is very sad news, Stellantis Europe doesn't build good vehicles and moving engineering to low-cost locations is going to ruin their products. Remarkably stupid decisions. And I wouldn't blame the unions, this is just smug and stupid upper management.
Everyone is too blame including the dealers
As a former Chrysler contact engineer and GM employee, this is sad to see. But last year, I predicted a Stellantis this year. I saw the writing on the wall with crazy price increases and oversupply. It always comes down to corporate greed.
"Junk that we love" and you are so right. I have been driving my 1987 Chrysler for 37 years and I love that hunk of junk, although it falling apart now! I hope it outlives me because I cannot see myself driving one of those ugly computers on wheels...
My grandparents owned Plymouths, I bought Dodge and Plymouths exclusively for my first cars, and I went to work for a Chrysler-Plymouth dealer, and their first foreign car dealer, Mitsubishi. I ran a Mopar car club and even went to work for boutique Mopar racing manufacturer Keith Black Racing Engines. My first foreign car was an Alfa Romeo and I owned many of the companies' cars and eventually saw them merge with Chrysler. Through all their struggles I always stuck with these companies and their products because the people behind them had soul. They weren't afraid to take risks. Now this cheap French conglomerate comes in strips these great companies of everything they had and tosses the remains at American worker's feet and insults them by going after them. We each need to buy one share of Stellantis and vote out Carlos at the next shareholders meeting. At least we can each stand up and complain to the shareholders that their board is running the company into the ground. Let's get rid of Carlos now!
Did you know that the Profits of the Chrysler minivans alone built the Headquarters in Auburn Hills, Mi. Let that sink in.
Right & Lee I. did not pay himself $30 million a year.
My girlfriend has a 7 year old Town & Country minivan. It's great. I told her never sell it.
And Stellantis saw that. Only the Pacifica/Voyager still stands.
And they had a huge cash reserve too. Of course Daimler Benz saw that.
You also can't forget that the Charger/Challenger/300 underpinnings date back to the Daimler-Chrysler days and they are a modified E-Class Mercedes platform of a couple of generations ago.
Chrysler hasn’t created an original platform since the ‘81 K-Cars, and they rode that horse to death.
That's not the reason for the company's downfall. They were still selling
True. They never made a "new " platform. They can not be competitive with a platform made during 2004, and released in 2005.
@@garybishop4030 Selling 25,000 units per year compared to other manufacturers selling +300,000. The writing has been on the wall for years now.
When American automobiles were no longer American......It was just a matter of time!....How ITF did we get here?
biden , obama , the demtards
Seems to me that at the core of the problem are corporate bonuses for executives who give themselves MILLIONS in bonuses however management will always blame the workers “high” salaries!
Chrysler is being treated more like a division of Stellantis than a subsidiary of Stellantis. What's next? Load Chrysler with debt, bankrupt it, reorganize it, then gaslight employees into believing it was their fault because they offended the sociopath CEO? 🤮
Chrysler is a Stellantis owned nameplate, nothing more.
Companies need to make money in order to survive. The UAW wanted huge salaries, so that is the direct result. GM and Ford have also do thousands of layoff.
And ask for a bailout
@@EnriqueAThieleSolivan Stellantis' European autoworkers make better pay and benefits than UAW but their jobs are safe because Stellantis is a European company.
@@AndrewHollywood Who's gonna bailout a European company? The Europeans?
Are this people really thinking they’re going to survive without customers?
Agenda 2030 15 min cities no cars.
The US isn’t their biggest market but it will still hurt
I am a Ford truck guy but I hate seeing this kind of stuff happening to other companies. Competition of brands is important for all our vehicles whether your preference be Ford, GM, Toyota, Stellantis, etc.. When one company makes a great product, that forces the other companies to try to make a better product. We benefit from having multiple manufacturers in the game.
I work at CTC facility. The tower has been empty since covid. Over two years now. They found most of the staff could work online from home. Work force has already been reduced through buy outs. No jobs will be lost due to the sale or lease of the tower.
Chrysler hasn't been an American company since Daimler-Benz owned them. Sad day but when stuff like this happens, there are always plenty of fingers to point. First, when you build a low quality product, charge premium prices for that low quality product, and have crappy customer service for that premium priced low quality product, then the writing should already be on the wall. RIP Chrysler.
The bad quality of US brands has been debunked over and over again. Ask any teal car mechanic who works on these cars daily. They'll tell you exactly how much "german engineering" is worth. Theres a good reason the german brands hold the record for depreciation. While American cars will last longer, be more reliable, and easier and cheaper to fix.
If the Charger and 300 were officially imported to europe and sold without the usual protectionist fees and taxes, the entire C class and E class of mercedes would go out of business.
My 2017 Jeep Cherokee (bought new) is the best vehicle I have ever owned. It has ZERO defects and a marvelous 2.4L Chrysler engine and a great 8-speed automatic transmission. Outstanding fuel economy, performance, and ride /handling. They have been doing at least some things right IMO.
@@TheSkeptic-lz2cc that's good to hear.
Sad to see them go…
@@RafaelPerez-vz3nz "Sad to see them go" Agreed. Mopar has brought us so many unique and great vehicles: Viper, Charger, Jeeps, Minivans.I had several of the 'little big car' Neons, and too many more to mention...
CDJR was not a mess until Stelantis/Tavares came to US. They don’t understand the US market.
Definitely seems like you are correct.
Um no, Chrysler has been a mess since the 90's when Diamler had to be it's first savior in a long line of sequential saviors. Even the US Government was one of it's saviors in 2008. If not for these saviors, it would have long been extinct. And if any of these saviors been able to properly fix the mess, it wouldn't have been a company passed on from one savior to the next.
I will say the company did good catering to the younger generation that wanted muscle vehicles. They made a lot of sales there in recent years. But the gas guzzler tax the government imposes for the production of fuel inefficient vehicles is not sustainable so Stellantis can not continue selling those cash cows.
AGREE WITH YOU ON THAT.
Government is BIG problem forcing buying habits to change.
If you do not, take away your profits.
Give them to TESLA.
Chargers and Challengers were great, out sold Mustang and Chevy Camaro combined. And just pulled plug, Tavares (Ego needs a check).
This is most of the time the failure of EU companies owing manufacturing plants or companies in the US don't understand the US market at all. They crash it to 99% of the time.
Agreed all around but they arent alone. Chevy and Ford are making big heavy electric pickups. Lets see how that goes.
Stellantis destroyed what Alfa Romeo could have become. Dealers are running away and closing. Its a mess for sure.
I’m from Detroit so I know that the auto industry is still important to our local economy. I have friends and family who are FCA UAW workers and I’m a little concerned for them.
This whole mess sounds like what’s happening at Disney. They’ve been losing billions with movies people don’t want to see, declining parks maintenance, and their Imagineering department that just isn’t cutting it anymore. And the Disney board twiddles its thumbs, while CEO Bob Iger continues his mismanagement.
Well said! And very true!!
Disney got "woke." No one wants to take their children anywhere near THAT.
Yep Disney backs joe biden an his abortion policys.its no wander God punished them😮
@@garyjackson3531 Lord have mercy, I will pray for you.
@@paulh6517 seen the "Lesbian Space Witches" episode? The one with a campfire in space? Yeah, everybody is laughing at their stuff...that's the kind of schlock they put forth
Man I’m with you this is brutal to see the demise of a once great company
Selling the Chrysler HQ building will only generate pennies on the dollar since commercial office space all over the Nation is tanking rapidly because there’s no longer any demand for those buildings.
It is designed to be converted into a large indoor shopping mall. Problem solved.
@@GOPRepubliklan , but shopping malls are dying all over the Nation.
@@sabio2009 Well perhaps U-Haul could snatch it up as a storage facility like they did with the old -Days- Dads Inn in Lansing.
Unions know how to negotiate themselves out of employment and I say this as a union member. 😢
Correct. Unions are focused on maximum inefficiency.
Unions are great and ensured good wages and benefits before Right-to-work legislation, Reagan, and the corporate takeover of media. I'm sorry that you are unable to see the value in collective action.
@@shawntucker7674 50s steel workers strikes led to steel manufacturing downfall here in the US. That forced companies to look overseas.
@@marktoken6052 no, the bottom line and greed made companies look over seas. Make no mistake about that.
Three generations of Chrysler owners in my family, but sadly as of tomorrow my wife is purchasing our first foreign car. We still have an old Charger, Challenger and two Jeeps in the garage but time to move on. This company is a hot mess and we have no plans of buying any Stellantis products now or in the future.
I hear ya!
Before the UAW contract Stellantis was shutting down majority of the plants in the US, it was the contracts that slowed them down for now.
Contracts with the US government.
The UAW has its fair share of the blame for what’s happening…
GREAT TOPIC!! Few creators do this much research. Keep bringing us the good stuff!!
The UAW also supports the politicians which do not have American interests and support globalism.
Trump no globalist 😂
@@enfreakez Jan 24, 2024 - President Joe Biden picked up an endorsement from the UAW union, an important boost to the Democratic president' ...
@@enfreakez the UAW is famously "Deep Blue" and tell their rank & file to vote that way...."Fo da good of da union!"
This way of operating by Stellantis is reminding me of the story of the sluice man. He operated the sluices and the skippers, who passed the sluice gates, paid the sluice man a small fee for the service. Things went well and the sluice man had a decent income. Then someone decided to put a bookkeeper in so the sluice man did not have to worry about the accounting and could focus more on collecting fees from the passing ships. In order to cover the costs, the fees were raised by 50%. The next step is that it was decided to put a manager in charge of the operation and fees were raised again by another 50%. Three months later it was found that the operation was losing money at a rapid rate as very few skippers went through the sluices and the first cost saving measure they took was…… fire the sluice man 😉
Stellantis is just trying to save up their money for the lawsuits from all the "last call" investors that got scammed.
What scam ?
@@2ndCavTrooper They convinced everybody that there were cars that would disappear. Enticed them to purchase "last call" vehicles that now aren't disappearing after all. They just ended up paying a lot of money for what is going to be average (overpriced) vehicles.
The value of those vehicles are plummeting now.
UAW Labor Costs are Killing the company
Fain has Destroyed the US Auto Industry
Stellantis has to do what they have to do....
Management in any company never seems to realize they are usually the problem
No Gubernment Bailouts. No taxpayers bailing out the rich.
And so it ends.
Put high tariffs on their vehicles.
Do you honestly believe that they would not be doing cost cutting measures if the strike had not happened? It may be a convenient excuse now but they were going to do it anyways.
@@jamesbarnaby8095 I blame the unions, are they the problem. You beat me to it .
@@sux2bu883 you mean the same Union that took pay and benefits cuts to help save the company when it needed saving? I don’t blame them for wanting what they gave up once the company was healthy enough to pay unimaginable amounts of money to the top executives.
I’m saying that it would not matter if the employees were getting a quarter of what they are now, the company will still replace them with a robot if they can.
Does the ceo truly not know why people arent buying his vehicles? How about the fact that a dual top wrangler unlimited sport s costs almost $60K when in 2018 you could get a JKU for $31,000
It's a low quality, antiquated vehicle anyway that in reality should sticker for 70% of a base Corolla's MSPR. I have to think Chrysler knew this when acquiring it as has every corporate owner since. It's an impulse or lifestyle buy. They charge whatever they want so pavement princesses can be poseurs.
The issue honestly with dodge ect is they are using the Italian design models, which Americans don't care for.. plus removing simple things like oil check dipsticks, causing disaster for engines and dealers
Going through the same crap with Home Depot between the hidden layoffs and the overall working environment going into the shitter.
Working in a Stellantis service department…. The last couple years of quality control has kept us very, very busy lol
And you think that shit is funny? 🤡 don’t worry before Christmas you’ll be on unemployed.
Ive owned a few CHRYSLER products. NEVER AGAIN ! JUNK !
I can only imagine
Chrysler always made sure the service department was busy, regardless of time period
@@donh1572 I've got an original Valiant that now sports 90K miles. It's rather cock-roach durable. But agree, they made a lot of crap. Like GM
Hello everyone! I’m following your channel from Europe. I’m Hungarian and I sympathize with you Americans. I love America deeply, and it saddens me to see the country I admired slowly falling apart. I have a great appreciation for American cars, architecture, streetscapes, and the entire culture. It’s painful to watch the direction your country is heading.
But let’s talk about cars: there were two major issues, and everything else is just additional trouble! First, Elon Musk has had a very destructive impact on American car culture with his “rolling iPhones,” causing irreparable damage! Second, it was a huge mistake to hand over the American automotive industry to European manufacturers and conglomerates. I don’t know if you can find a way out of this, but I’m rooting for you to bring back iconic, genuine American cars! Take care!
Ford and Chevrolet are still very American
@@fortheloveofnoise If you count Mexico as part of "American", which is technically correct for a continental perspective, then they are both very American.
Pretty sure Musk had nothing to do with this. Very strange association you are making. Tesla model Y is the most American car. Look it up.
@@chrispapanastasopoulos9192 I was talking about ford and chevy. Nobody mentioned Musk at all. Enjoy your cell phone on wheels.
As half Hungarian half Irish American I appreciate your post .
I learn to drive a stick when I was 16. I learned on a 1964 Dodge with Hurst shifter and a HEMI. I worked at Chrysler for over 33 years in prototype, on the factory floor, and in the office. I knew this was coming when that SOB Bob Eaton put the bball in motion. I can’t remember how many Chrysler projects I’ve owned or leased because there is more than I can count. Such a shame so many will be on the street from this move
I go back farther. I learned to drive on a fluid drive 1946 Dodge! Have owned
Dodges and Chryslers since. Read with interest the books on Dodge Brothers history and also Walter P. Chrysler biography. What a shameful way the company is being dismantled! Sad.
There are no American Lee Iacoccas around that give a damn about American made vehicles.
It's really hard to see those videos from Lee iacocca I met him through Carroll Shelby back when Shelby was a Dodge
funny, I am working for a EU company and I am an American. Consequently I am here dealing with the EU mess. And its a mess. lol. Talk about calling the kettle black. It seems every-time I deal with a EU company it's a wreck.
How so?
Keep speaking the truth my friend there’s so many people that are getting on board I wish one of his family members would say something to him if any of them have a heart
The mess started with Daimler when it took over Chrysler.
Got to admit,if you spend 20% more you can get a helluva better vehicle..garbage for years and the American consumers are finally getting the message.
Who’s still surprised by this? Stellantis is based in the Netherlands and they could give a shit about Americas love for V8 ICE automobiles
What they give a shit about is writing 8 and 9 figure checks to the government and Tesla to keep.building those cars instead of Dodge getting their act together and building some compliance vehicles.
@@hellomeatrobots Carbon credits are a scam and will hopefully be thrown after the next regime change.
Exactly: Europe hates American cars.
But what’s funny is people talking about Tavares as if Sergio Marchionne wasn’t the beginning of the end.
@@PassportBrosBusinessClass I never understand the Marchionne hate. If it weren’t for him we would’ve never been given the green light for all of the insane cars we’ve gotten from this company. The beginning of the downfall was when Marchionne died and Mike Manley took over and merged us with the French.
They are not going to pay for the use of v8 violating the air quality standard (that is what the other two companies do). Paying fines will not last too many years.
Wake up America! This is what will happen with any American company’s left. Makes me think what will happen with Boeing if it gets sold.
I work as a Corporate Sales Trainer for one of the largest automotive retailers in the nation. I've been in multiple CDJR dealerships from coast to coast, and I can confirm everything being said on your channel. It's sad to see the intentional, slow death of such an iconic American company! I believe it's going to result in BK, split up, and sold by the end of the year.
I need to step my thumbnail game up lol. Epic video as usual. #salute
Dodge brothers would’ve kicked all there asses if they saw where the company has gone
I’ve got myself the lovely 2023 lemon I mean Wagoneer series 3. This thing is an absolute nightmare constantly in the shop constantly being denied warranty service constantly given the runaround. Now reports are showing that even dealerships are looking at options and how to get out of that relationship and maybe start selling other cars from other manufactures.
I have a 2007 suburban. Because of gm putting in engine management system where four cylinders shut down at highway speed. Many of the engines are failing at 145,000 miles. There is a class action lawsuit against gm for this. It's not just Chrysler doing this. I made it to 187,00 miles and then I found an older 5.3. removed the existing harness computer system and put a basic full time v-8 in. oh yea the transmission went shortly there after too. Rebuilt the transmission with heftier parts. And I will continue to drive. it. I do upholstery/paint work to keep it looking nice. Some people think it's only five years old when I tell them it's 18. They are surprised. I ran amsoil in everything and took stellar car of my vehicles. Before this surburban I use to get with that kind of care 350,000 plus miles and never before changed and engine or transmission. So yea cheapness is all around and its time to keep what you have and just keep putting the wheels back on.
People need to understand Companes do not care about the customer anymore. The only thing they care about now is the 1/4 reports and shareholders. Its that simple.
I agree. All companies are like this now simply because they own it all. If you don't buy their junk you just go to another company that they own and still by their junk. No options.
The government's push to build EV's is what's killing the US auto business. Worse, the auto makers' complicity in this insane direction just pounded the nails into the coffin.
Government has been exercising its insane control since the 73 gas crisis and even more so since the 08 bailout. After all they are the number one shareholder
The US Government and Unions aren’t to blame for Chrysler’s downfall. This would have happened regardless of EV’s or a new union contract. This is pure corporate greed and there is nothing that could been done to stop this. They don’t care about American employees, never have.
Did EVs cause car dealers to add ridiculous markups? Ridiculous add-ons? Did EVs cause automakers to make key components out of plastic? Remove anti-theft devices making certain vehicles targets for theft? Double the prices of vehicles?
I don't think EVs priced ICE pickups at $85,000. I don't think EVs priced Jeeps at $85,000.
It isn't EVs. It's greed. Plain and simple greed.
@robertwbingo While there are numerous issues within the Mopar brand, nothing is more wasteful, disruptive, and misses the market more than the EV program. Losing $100K+ on every EV vehicle is no joke. Shutting down that program would have more positive impact than dealer management or any other concept except for firing the execs who buried us into the EV nonsense in the first place.
@@ozzzy3z946 Yes, because EV's are so expensive to build, compared to ICE vehicles.
It’s not just on Stellantis, everyone familiar with the phrase “ I’m from the government and I’m here to help. The UAW is in this up to their eyeballs as well. Remember 2008? The government forced the big three to bail out the UAW retirement. Autos immediately jumped 30 to 40 percent.
The government’s part also includes EPA rules. Yes we need an emission standard but we don’t need government mandated DEF, catalytic converters, etc., set the standard but allow the aftermarket and auto manufacturers to hit that standard anyway they please. They’ll surpass it and do it at way less cost in manufacturing. Most major innovations in automotive tech have come from the aftermarket and applied and refined by the auto makers.
Been a lifetime Dodge owner... Currently have my last vehicle from the company. When my warranty is up its gone! When I'm ready for a new vehicle I'm definitely going with a different company....
They got greedy and price price gouged customers and now they’re lots are full of overpriced vehicles that they can’t sell, that’s what prompted this move…..GREED.
Sad story - divorce is painful. True story - today - I had my 2017 Hellcat Charger in an auto shop to check malfunctioning air conditioning. The car was running with the hood open while the tech checked for codes. A young man delivering something to the shop stopped by and said "Is that your kitty?" I nodded and he smiled and then said "I never seen one with the lid up!" Yeah - it's an impressive car - too bad what's happening. Might as well try to fix them up now - never know if there will parts in the future!!!!!!!
Parts are scarce. Try and find an engine mount or a radio.
Stellantis does the same with Opel in Germany. Under every Opel shell is now a Peugeot. This is the french way to merge companies...
@@guntherschmitt2229 GM dumped Opel because it was a perennial money loser.
And Vauxhall in the UK are just rebadged Opels.
This guy knows nothing about building cars and doesn’t care about the workers one bit. So middle finger salute to him!!!
Some call this business i call this gutting proud American brands for a cheap buck. I hope someone wealthy can buy them back and make these brands great again.
I believe the problems with Chrysler started with CEO Lynn Townsend 1961-1964. He has been criticized for using or wasting Chrysler's large cash account on buying Real Estate instead of investing in Chrysler engineering. Well the Chrysler owned land lost value and Chrysler never recovered.
Yes. It's sad.
Are you kidding?The Chysler 426 Hemi was developed under Lynn Townsend as was the musclecar and electronic ignition,not to mention Chrysler military brought the M-1 Abrams tank to production.
I owned my 2005 Dodge Magnum Hemi for 17 years and I loved every minute of it.
GM has been doing the same thing for decades !
I was at the dealership. I was going to buy a Ram today. Now I'm glad I didn't.
Wow, the downfall of an iconic brand. It all started with the pandemic greed. Ruined their reputation and they just kept going downhill from there.
It started in 2008 when they got fiat in... 2012 Daimler left. This was the 2nd blow. At that point it was over.
@@farncoisbisson7737 it started in the late 1970's when they went bankrupt the first time.
@machupikachu1085 pretty much started in the 50s taking out other companies in the US, France in the 60s, getting into bed with Mitsubishi in the 70s that carried over into the 80s quitely using Renault to sabotage AMC for themselves while cooking the books to jump in the Benz that saved them for a while. For some reason they really don't want to build their own platforms and wasting everybody's money.
Capitalism - at its finest. Hahahahahaha
It started decades ago.
When are we as Americans going to get it? These foreign countries and foreign businesses do not have our best interest, they never have and they never will.
So glad to have enjoyed three Challengers since 2016: 2016 Plum Crazy SXT, 2020 B5 Blue, 2021 Hellraisin.
I used to work for Jeep, and it sickened me how they shredded the work force, slashed quality, made all of us take on 5 peoples jobs with zero compensation. The argument was "we need to generate money to stay competitive and invest in electric..." but he was happy to take millions of Euros in bonus money... year over year. They're gutting the brand, then they'll sell it off. Personally, I'll never buy the car I tried to build and improve. Not while its run by Stellatis.
The end is never pretty. The employees and the unions are always the last to learn and see the writing on the wall. And when they do speak out they get blamed for the failure. Having personally gone through this in the 70s with the steel industry my heart goes out to the people and towns of the area. The way things are headed your future is going to become more difficult and the sooner you prepare for it the better off you'll be. it's a dog eat dog world out there.
If you divided that CEO’s 39 million dollar salary among UAW’s 391000 workers, each UAW member would get about 99 dollars per year. They were arguing about chump change.