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I had a Peugeot 308 puretec that died with 40.000 miles on the clock. Wet belt disintegrated, blocked oil pickup. That wanted ten grand for a new engine. The value of the car was half of that even with a working engine. Never again. I'm only buying Japanese now.
@@pauldewit117 Japan is pretty much going the same way though, just a bit behind. Nissan, Mitsubishi, etc. Only Toyota is really hanging on but even then there are problems with the newer stuff.
@SigFigNewton ice cars are not selling either. It's the high cost ($80k) of a car and the poor quality. CEO choosing the build cars that buyers don't want and can't according. And banks are reporting consumers have maxed out their credit cards and won't be able to pay off their cards if interest rates go up.
@@SigFigNewton Yes, EVs are the culprit. Tesla is guilty. BYD is the bad boy destroying Stellantis and Ford. It is not their bad products nobody wants.
our EV sales are already at 18% for the year and have been around 20% for the last couple of months, so the CEO of Stallantis is just crying, cos their cars are either rubbish or too expensive.
There aren’t more cars being sold. When lots of new automakers jump into the industry as EVs become price and range competitive with ICE, there was always a 100% chance that some companies would lose market share. Now we’re beginning to learn who.
Stellantis are making cars that few people want. They did say previously that they would close plants in the UK due to Brexit, but now blame Net Zero. It’s anything but them not adapting to change. I don’t think they will survive long term
Yep, they have about 10 EV’s now all with the same 54kWhr battery and platform giving about 200 miles real world range. All way way overpriced at list price, although there are massive discounts (i.e. not really discounts - they never sell them at list). Also, the biggest depreciators precisely because of the above. They are bringing out cheaper cars now - Citroen e-C3 for example, but I wouldn’t go for one, the existing ones have too many 12V battery issues.
But when the anual drop in sales arrives, from Q4 to Q1, we’ll be hearing again about how nobody is buying EVs. They won’t, of course, mention that ICE car sales are also down quarter over quarter, or how, unlike EVs, ICE car sales are also down year over year
yea you can get a quick EV for usually half the price. Or just buy an old actual reputable brand if you want a fast car with the high top speed but those are for people who don't mind price at all.
Sure Stellantis had record profits because it took very low dealer inventory levels, jacked up the prices and stuffed dealer lots to overflow levels. The dealers took the over priced product and shockingly couldn't sell them to actual people. Frankly, it should be legal for Companies to Sue their CEO's for damages... The ONLY skill Carlos has is the ability to con Stellantis to give him a leadership contract. Many Stellantis could fix this with putting a new contract out on...
UK is in big trouble in terms of car manufacture. Honda pulled out a few years ago and the country is reliant on Nissan, Stellantis, Jaguar/Land Rover and Toyota. Because the country now sits outside of EU any Chinese manufacturer will not look here for production. Thus, in the next few years there will be no vehicle manufacturing here.
Or will the UK re-join EFTA, having been a co-founder originally, in order to trade more freely with the EU. This is becoming more likely as the US trading partner is becoming more insular.
@@GruffSillyGoatU.K. built vehicles can still be sold in Europe as they are built and tested to meet European emission standards, it would hurt both the EU and the U.K. to have restrictive tarrifs.
@ we are living in an age of massive rapid change driven by climate change and technology such as AI. The U.K. needs inward investment and markets to sell our goods and services to. Sadly economics in the U.K. are not attractive now so a lot of investment goes elsewhere now. Places like Luton are losing their industrial base, employment prospects will be poor sensible people will have to move as the town is dying.
@@iansmith788 - yes, but that position is constantly under threat of 'tariffs'. Although the can keeps getting kicked down the road every few years, it's up again for review in 2026 I beleive. This is what Stellantis was saying last year when they threatened to close the Luton plant last time round, seems now they've made the decision to do so.
Stellantis's CEO is bailing the ship out to keep it from sinking financially. However what he has ignored is that the transom in his boat is torn out. Time for building a new boat NOT for bailing.
I can only speak for here in the UK, as a single, older person, I'm lucky enough to be mortgage free, rent free, I work in a job that pays slightly above the average wage, last year, after stoppages, I took home £26,000, because the infrastructure is so bad in this area where I live, I would have to buy a bigger vehicle so I could drive it for a week between charging, even with heavy discounts, the average cost of even a used electric vehicle to meet my needs is around £36,000, that's far more than the average household could realistically afford, especially if they have a mortgage, bills, children to clothe and feed, the average household, even if they are renting are in huge debt. Where I live, I don't have access to home charging, as I previously mentioned, the infrastructure, one working charge point in the town, twelve in total, ten of which have never been connected to the grid, one working and the one next to it has been out of action so I'm told, since before COVID, how they know that, I haven't got a clue so I just take that with a pinch of salt, but the cost of public charging here is far more expensive than running a petrol or diesel vehicle, I'm not just going on videos I've watched on RUclips, but also talking to people who drive these vehicles, a few of us went on a journey for work, I did the trip on less than a third of a tank of diesel, the other driver had to recharge when we got there and the same again when they got home, I paid £17 for diesel, they paid over £71 in electricity, they fell for the government trap, that electricity was cheaper, which it was until 2022 when it rose faster than a rocket, they were told they wouldn't have to pay road tax, now they're lumbered with a vehicle that costs £4-500 a month lease/PCP/hire purchase, however they have the car, plus extortionate electricity costs and next year they have to pay road tax, and because the car cost over £40,000 before discount, they have to pay the higher rate of road tax as it goes on the retailers recommended price. That's without mentioning the technology which many of us older people haven't got a clue how to use, the fact you can't pay in cash for electricity, many people still don't use cards, especially the older generations, and again, you're expected to have the latest technical mobile phone, I, like many around me only use our phone to make phone calls, we don't have the latest technical phone because we wouldn't know what to do with them. I've nothing against electric vehicles, but they're designed with young, wealthy people in mind or younger people who are happy to sign on the dotted line and be in debt for a depreciating asset, I respect that all cars depreciate, but as someone who bought my house in 1996 for £26,000 and a 5 month old car for £7,000 from a main dealer in 2011, even then, the prices were considered expensive but not as far out of reach as there are now and that's why I think that the electric vehicle movement here in the UK is so slow to take off
@marcsimmonds5483 even buying a used electric vehicle, the cost of charging far outweighs what I pay to run my diesel and I don't have to pay road tax even though my vehicle isn't considered to be a clean vehicle anymore as it's euro 5 not Euro 6, but I still average 80+ miles per gallon on my daily 60 mile commute
Not sure about that, both the Ellesmere Port (Stellatis) and Sunderland (Nissan) are amongst the most productive in Europe. Indeed it's cheaper to make cars in the UK, than in many EU countries.
Stellantis didn't need 2 factories making small commercials in UK. They haven't made cars for some years. Consolidating into I factory in Ellesmere Port, with significant investment, makes perfect sense.
They don't even need to do that, the UK ZEV/VETS scheme allows to borrow from future build credits, share credits across owned brands, extend the accounting timeframe if close to the target or buy credits from another automaker (Tesla has a fair few spare to sell). Most automakers have said they've hit the target this year.
London is rated at no.67 on air pollution for major cities worldwide, comfortably in the moderate category, it's pollution has decreased by around 50% since 2016
I did a visit in June and did the touristy bus tour thing. I did not notice much pollution at all, the bus was an ev, and to my delight, the famous London black cabs were mostly ev as well, and there were thousands of them! mostly in our bus lanes. (they are allowed to do that). Considering London has such a massive population (twice of all NZ), I was quite impressed.
It should be number 1 though, or as close as it possible if we had no fuel being burned in the city. It's only because UK governments have dawdled over renewables, EVs and investment in electrifying trains, and removing natural gas from our power grid, that we have problems. We have finally lost our last coal fired power station but that's because of the industry moving towards cheaper renewables not the government leading with investment and elgislation.
Stellantis dealerships are going to be selling thousands of Leapmotor T03 in the UK over the next few months. Amazing value EV that will sell really well.
I'm pretty sure the Ev mandates didn't help. Forced to manufacture something that there is hardly any demand for if I was the company I would sue the government demanding the day buy all the cars.
Nah it's a excuse. The plant produced ICE vans, in the UK two-thirds of LCVs are exported and not subject to the ZEV mandate. The ZEV target for vans is only 10%, and allows various credit accounting mechanisms to make up the difference. It's more likely Stellantis decided it has enough ICE production and didn't want to upgrade the aged plant (2nd oldest with their portfolio) next year having already done so at their other UK plant.
you haven't noticed the steadily growing number of bev's on the roads, then? Only clarkshit's Ludditelytes and those who have imbibed excessive tel back in the 70's continue to grimly hang on to the past.
People don't want to buy expensive EV's and in the UK manufacturers are basically fined for producing too many ICE vehicles. What are they supposed to do? If people refuse to buy the, the makers will go bust. Tesla doesn't make vans, why not?
The ZEV mandate allows van and car credits to be exchanged, and to purchase EV credits from the likes of Tesla to make up differences. This is likely more about Stellantis wanting to shut an old ICE van making plant rather than upgrade it, particularly as its seeking to move the workforce 140 miles to it's other UK plant.
No-one wants to make vans with current (sorry) bev technology; they are overly expensive due to the absolutely sh1te aerodynamics of all slab-arsed vehicles (realised as larger battery necessity due to the rubbish presently existing bev charging networks). Hence Tesla model 3, s etc design. Stick a 60kWh battery would probably need charging 4 times a day by the average white evanman...
@@briancavanagh7048 because range and payload while staying within legal weights is too hard at the moment. That's why no one wants the Vauxhall van and why the Luton factory is closing
@@GruffSillyGoat Read what you have written and explain why that is even remotely sensible or the future of transport. The whole EV credit thing is ridiculous
Shareholder primacy ruining companies. Typical. Focus on short term increases in free cash flow for shareholders. Minimizing costs rather than maximizing their product. The consumer wasn’t impressed.
Dragging their feet on alternative fuels is their death knell. Watching Tesla roll up and take market share with ease is a crying shame. As a GM guy, im disgusted with the way the large manufacturers just kept grabbing low hanging fruit (ICE vehicles) and missing the boat on future tech. Sadly, this is one thing Trump's reelection will make the situation worse on. Tesla will mop the floor with GM, VW, Ford, and the rest.
The body plan of the light vans made at Luton, can easily cater for lifepo4 battery packs between the axles. the upper body plan doesn't even need to be modified by much, its all on the lower body/chassis and engine bay. The road networks will need to adjust the max weight for EV Van's up to cater for the increase in the axle weight and GVW and keep load capacity to keep the vans usable for current capacity/weight needs.
Indeed they do, it's just Stellantis makes the EV versions at their UK Ellesmere Port facility already. They had announce plans to upgrade Luton to EV van production next year, but looks like they've decided the one factory will suffice.
The UK Luton closure has been on and off the cards for ages. The fact that Stellantis started upgrading Ellesmere Port to electrified vehicle production three years ago and was only thinking of starting upgrading Luton next year speaks volumes of the priority/strategy (what with now consolidating production at Ellesmere Port). The ZEV mandate is only a convenient excuse, something external to pin the blame on, the majority of LCVs produced in the UK (including at Luton) are for the export market. Stellantis seems to be seeking to focus it's ICEV production (as produced at Luton) on the continent. What with Luton being it's second oldest plant, one that has had issue with production in the past (unable to support high roof line van models for example), plus with the ongoing threat of tariffs being applied on UK car exports to EU being deferred but never resolved, it seems Stellantis wish to focus it's plant investment elsewhere. As to who takes the blame for this, well the current UK government is making it clear that the ZEV mandate was the previous governments policy, and are happy to review (perhaps tweak targets and exceptions), they are also saying the same with the luxury car tax for EVs.
Spot on! Stellantis were almost certain to close the Luton plant. The EV mandate may have brought the decision forward but above all provided the excuse that they could pin the blame elsewhere. Perhaps BYD could make use of the plant ....
I started life in Ellesmere Port, my dad worked down the docks. we moved down south when I was 4, so many decades later I did a visit to the homeland and went to visit Ellesmere Port and Birkenhead, much nicer than I recalled 70 years ago, also popped over the river to do the magical mystery tour, had to book 4 days ahead, still big business, and the Liverpool docks are massive, all bars and shops these days. By the way no cars at all in Liverpool's mains streets, Pedestrians only, so Stelllantis would not have any trade anyway!
The curse of Jeep. Who is going to buy the remnants of Stalanis when they go bust? First there was Jeep, American motors, Chrysler. What do they all have in common?
Well if impact is minimal I think Stellantis is smart enough to shut business down in the UK and open in the US where their impact is much larger and air quality is linked to people's pockets, i mean, if they are rich then they can afford med care which is taking responsibility for one self, it isnt the government's its an individual responsibility, that being said, government is responsible for making it possible for business to flourish, if air quality was important, run a business that cleans air and contract the government. Failing policies, failing governments, and failing Europe thank god I am in the land of the free heck with your business
There are not many fast cheap EVs in the UK….a car that sells for 10k in China will sell for 3 times that in the UK…I am looking at the recent Polestar 3 long range dual motor and the model starts at £76k in the UK…that’s not a cheap Chinese EV
They could sell them in China and the EU of they were competitively featured (including intuitive software) and competitively priced with other offerings.
@@nickmcconnell1291 They can't sell EVs from the Luton plant in the EU due to rules of origin. Shipping them from Luton to China is economically unfeasible
@@dondomingo6578 As to China, I was leaving for Stellantis to build them there... as they are some EV models that are shipped elsewhere. I want aware of the regulations within the EU keeping the Luton cars out. Ah well I guess the Brits are glad about Brexit now eh?
Stellantis doesn't make EVs at the Luton plant, it produces ICE light commercial vehicles and ICE engine parts. Stellantis already upgraded Ellesmere Port (also LCVs) to EV production, was due to upgrade Luton next year but appear to have decided not to bother.
The U.K. car industry is comprised of satellite companies with offshore CEO’s. Anytime there are dips in sales or profits these companies pull back their U.K. factories to protect their home factories. When Vauxhall was bought by Peugeot a few years ago, it was predicted that they would eventually close the British Plants to protect the Continental factories. The same happened with Honda pulling out of the U.K. to protect Japanese factories. Our Governments do nothing to protect British workers and are happy to subsidise anyone that asks. Tata would love to shift Jaguar, Land Rover production to India to lower costs and maximise profit. Watch this space.
As the guy from the UK Government said: "This is a wakeup call that disruption is coming". They only need to sell 22% EVs anyway - that's the EU average.
Chrysler has a sedan and a minivan available, Dodge has 2 sedans and 2 SUVs, RAM has 9 trucks, Jeep has vehicles for > $100K (usd), no one wants them with this lineup and these prices
@JDMSwervo2001 yes Stellantis is for the most part RAM and Jeep, with some models costing over $100K. If I wanted to spend that much, I'd buy a Land Rover
Not taking responsibility for the results of the company is how teenagers act. We call these teenagers irresponsible. Legacy auto deserves what they get . . . Looks like another Kodak Moment!!!
Following this story in the UK the issue is 22% of their sales need to be EV. They are at about 18%. So the UK will make less and less cars sadly. Next year the mandate is 28% which is well above what the market is buying.
The deal with the EU finishes in 2026 at which point all uk exports to the EU must meet the 60 % threshold of made in the UK The uk doesn't have a battery plant Labour are more pro EU so something maybe worked out but large manufacturing is dead in the UK till we have access to the single market
BYD etc are unlikely to come to the UK to build factories when the UK made it harder to export cars to the rest of the EU because of Brexit. UK is such a small market compared to the EU/rest of Europe.
but if the customer doesn't want an EV now and would rather continue driving his old car, then all those government requirements will simply bankrupt the car industry
You are a bit behind the times on London air quality. The city now is covered by a ULEZ (Ultra Low Emissions Zone) where, unless you have a late-model low-emission combustion vehicle or an EV, you have to pay £12.50/day to drive your car. You should have heard the squealing from people driving old bangers round the place! London is also aiming for 100% electric buses by 2030.
EV mandate must have made Stellantis ask £35,000 ($44,000 USD) for a Vauxhall (Opel) Corse then. Their list prices are an absolute joke in the UK and they are just trying to make excuses for their incompetence and lack of innovation. They’ve been saying stuff like this for 2 years.
10+ years to start making affordable EV's, now they are looking for someone else to blame for their incompetence. Sticking one's fingers in one's ear's a going BLAHBLAHBLAH for many years isn't the way to run a profitable business. Drop prices and ramp up quality and ranges, it's not that difficult just follower the market leader Tesla
Funny how the critics of the U.K. government keep contradicting each other with the stories they make up. “It’s Labour’s EV sales mandate” er “that was the previous government policy” er “but it’s definitely not Brexit” and “it’s the EU 55% origin of parts mandate” er “but that 10% tariff, if the parts are cheaper to import doesn’t that still make the car cheaper” er “no, yes, possibly” er “it’s the lack of EV infrastructure”. The real problem is that we are still suffering the aftermath of confusion caused by the last government speaking from the oil lobby anti EV crib sheet, at the same time as changing the 2030 cut off they set sales targets for EVs. Fork tongue causes confusion, so the public delay the next car purchase. The right wing attack on Jaguars electric vehicle adverts has further added to the mess, car companies just don’t know what to do.
The UK car industry is dead unless we get battery manufacture up and running. The 1000 jobs lost at Stelantis could be instantly replaced if BYD or CATL were offered incentives to build battery factories here.
When one can’t understand why make better cars more efficiently that are as good or even better than the leading volume seller… er… blame everyone else that’s the ticket
Record profits can be made just by making more than before by 'cost cutting' and squeezing the life out of a company and it looks good on the books for a couple years but dooms the company to fail. Especially during a transition time a company shouldn't be focused on record profits but keeping up with the changes.
The car companies will never stop complaining about switching to electric. Toyota could have done it in the 90s and GM with the EV1. They are only stuck in their ancient ways. Kodak, BlackBerry, Nokia, Polaroid and others are prime examples of companies that are fine with things the way they are. They fail. Like The Electric Viking has said before put an ICE vehicle and an electric vehicle in a closed garage and which one is healthier?
But they didn't switch to 100% EV years ago, so of course no-one wants their cars anymore. The Fiat 500e isn't too bad although it doesn't really need back seats (and the Dacia Spring turns out to have a version with no back seats, and increased boot space instead which is a really smart compromise) but it is far, far too expensive because they aren't smart enough to price it lower and have modern factories and design methods.
I think the fines were the wrong stick to use. We should have said we'd nationalise their assets instead. And just done it after five years, which is more than long enough to completely swap over to EVs. What is even the point of ICE vehicles? They're useless junk.
First Nissan and now Stellantis are going under. Tired of hearing how the problem are not theirs. After they are gone, people will see less BS advertisements. Who will be the ones following these two clowns.
Go a step further. Blame China. That’s what the US & EU have said. Yellen, Raimondo and Von Der Leyen, the three vocal voices of China’s overcapacity. Be like them and blame China for everything.
Actually extended life times lead to increased government spending on pensions and old age healthcare for pensioners. There is no savings here, you need to increase retirement ages for this to work, and even if you increase retirement ages, older workers are not as productive and have very high health care costs. When life expectancies were lower 65 to 70 government social expenditures were much lower. There is plenty of data that shows this. That being said it is still worth spending to reduce pollution and improve public welfare, but the spending has to be rational and in proportion to the benefits and measured in an unbiased way. For example having the US EPA calculate the economic value of their regulatory rules is a conflict of interest as the rules disproportionately benefit the EPA employees, and the agency itself over the public good.
Nothing against electric cars (im considering purchasing one) but government mandates to sell EV's and subsequent fines if car brands don't is some SSSR style bullshit. If you're product is superior there is no need for mandates and fines. I think that Stellantis is the world's biggest conglomerate of shitty car brands (with some exceptions). Their brands were not great even before EV's came along. But to blame them for complaining about having to purchase carbon credits from Tesla and to claim that they have "saved" money by doing so is stupid. Their complaints are fully justified.
22% .... only a committee of bureaucrats could come up with an obscure number like that .... summarises the entire UK to me ..... who would even bother having a factory in an idiotic country like that ?
It's quite ridiculous to suggest that the EV mandates are not affecting legacy car makers, of course they are. The Luton, UK factory was set to switch to EV van production, but EV vans are currently not fit for purpose and are too expensive, meaning there is no demand. There WAS demand for their ICE vans, so the mandates ARE affecting them. Come on, I know you love EV's but wake up to reality a little.
Cancer is not so much a problem as health industry makes it out to be, you don't need to have zero cancer cells, it's not a positive feedback loop. If you don't keep accumulating more toxins such as heavy metals like iron (sic), cancer won't grow, or rather would stabilize or shrink
A lot of hate here for Stellantis, a lot of it justified, but a couple of points on the other side of the scales. - Stellantis was the first legacy manufacturer in the UK to announce price parity on equivalent ICE & EV models earlier this year. - These factories make light commercial vehicles, not cars. Sales of EV vans in the UK have stalled, down on last year. The Gov't should be doing way more to encourage adoption. - Stellantis has a 40% market share in EV LCV's in the UK.
Three other points: - Two thirds of UK LCV production is exported, only one third is for domestic consumption and is subject to the ZEV mandate. - Luton is an ICE LCV plant, that was scheduled for upgrade to EV production next year but the site cannot make all models due to it's layout. Stellantis is seeking to consolidate production at its Ellesmere Port facility, which already produced EV vans. - The government now offers plug-in grants for companies to adopt EV vans.
People used to wear black shoes to a party. Now they wear sports shoes/running shoes. The black shoes guys could not adapt to the sports shoes trend. Now black shoe sales have crashed. Stellantis and crew cannot do coding. They cannot make spare parts for their cars. It is a dying brand and it is in ICU now. Blame yourself.not EVs
Stellantis died when they got rid of the v8 and lowered quality control even further along with jacking up the prices of everything Nissan cars just aren’t competitive and are seen as cars for only people with bad credit
@ was never a fan of Chrysler products but they made record profits especially from the dodge charger and challenger but they were fined head kit cause they had not one hybrid vehicle in their lineups
The EV revolution must have been a complete surprise to Stellantis 😮 I mean after 20 years of warnings ⚠️ ignored due to HUBS (Heads Up Butt Syndrome) 😅😂 Atlantis, I mean Stellantis is sinking under the seas.
No one is stopping them but they must be held accountable for the pollution they cause. Maybe their NI contributions should be higher to help pay for the NHS.
@@paulc6766 most vehicles on the road right now don’t have the same amount of CO2 emissions they had 30 years ago. You can literally smell the tailpipe of a running car and it doesn’t even stink
i mean.... eventually i dont think stellantis and volkswagen will bancrupt... they have so many brands under their name i think they can "sell" few brands in order to survive this and then rise... and if you look now... vw has around 11% dividend and stellantis has around 13%.... i know they can cut at any time and probably will for next 1-2 years but if you buy many shares now.... and they eventually returnd dividends when they are making money again... on man :D sweeeet sweeet dividends... what do you guys think?I REALLY WANT DISCUSSION on this because i am really considering buying (not much for example only like 2-3% of my portfolio for stellantis and same amount for vw as well) lets discuss
Crap products, poor quality and poor customer and dealer relationships. I wouldn't touch, even as much as I love Alfa. Nissan, Mitsubishi and Stellantis are unlikely to be around in 5 years.
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Apparently, EV mandates forced Stellantis to jack-up prices and lower quality 😂
Carlos thinks a JEEPgrand Cherokee is a luxury vehicle at 100k US
I had a Peugeot 308 puretec that died with 40.000 miles on the clock. Wet belt disintegrated, blocked oil pickup. That wanted ten grand for a new engine. The value of the car was half of that even with a working engine. Never again. I'm only buying Japanese now.
@@pauldewit117 Japan is pretty much going the same way though, just a bit behind. Nissan, Mitsubishi, etc. Only Toyota is really hanging on but even then there are problems with the newer stuff.
@@pauldewit117 Apparently the new 1.2 hybrid motor addressed that, chain time belt, however a lot of people already jumped ship
Yes, EVs are the culprit. Tesla is guilty. BYD is the bad boy destroying Stellantis and Ford. It is not their bad products nobody wants.
EV mandates in the US and UK made Stellantis sales collapse in China. Yeah- makes sense.
EV mandates made people stop buying their gas cars.
@SigFigNewton ice cars are not selling either. It's the high cost ($80k) of a car and the poor quality. CEO choosing the build cars that buyers don't want and can't according. And banks are reporting consumers have maxed out their credit cards and won't be able to pay off their cards if interest rates go up.
@@SigFigNewton Yes, EVs are the culprit. Tesla is guilty. BYD is the bad boy destroying Stellantis and Ford. It is not their bad products nobody wants.
If only there was some way Stellantis could have seen these mandates coming!
our EV sales are already at 18% for the year and have been around 20% for the last couple of months, so the CEO of Stallantis is just crying, cos their cars are either rubbish or too expensive.
It not even cars but vans, in a factory that cannot support the production of high roof line models.
It's both.
There aren’t more cars being sold. When lots of new automakers jump into the industry as EVs become price and range competitive with ICE, there was always a 100% chance that some companies would lose market share. Now we’re beginning to learn who.
@@SigFigNewton yes, exactly this. All of it was predictable, and predicted.
Stellantis are making cars that few people want. They did say previously that they would close plants in the UK due to Brexit, but now blame Net Zero. It’s anything but them not adapting to change. I don’t think they will survive long term
@@simondalling7489 I believe you to be right. They are doomed. And serve them right for their incompetence…
How can Stellantis blame the UK Gov, when they started selling extremely expensive vehicles in the first place?
yep, particularly when Stellantis makes vans at the plant their closing with only a 10% ZEV target this year.
I hope the UK government doesn't fall for Stellantis' bllsh!t. Their evs are overpriced and under ranged. Bring on the Chinese!
They aren’t efficient like Tesla EVs, that is why they are too expensive and low range.
Yep, they have about 10 EV’s now all with the same 54kWhr battery and platform giving about 200 miles real world range. All way way overpriced at list price, although there are massive discounts (i.e. not really discounts - they never sell them at list).
Also, the biggest depreciators precisely because of the above. They are bringing out cheaper cars now - Citroen e-C3 for example, but I wouldn’t go for one, the existing ones have too many 12V battery issues.
It’s like Stelantis didn’t know about the emissions targets at the same time as everyone else 😂
Stellantis made the most profit in the U.S. market. The v8 hemi is what carried them. Nobody wants an electric dodge charger
EV are selling, it is wild 😳 in N.Y..
worldwide, ⬆️⬆️⬆️⬆️
But when the anual drop in sales arrives, from Q4 to Q1, we’ll be hearing again about how nobody is buying EVs.
They won’t, of course, mention that ICE car sales are also down quarter over quarter, or how, unlike EVs, ICE car sales are also down year over year
Fast ICE cars are less desirable because much cheaper EVs are quicker.
when i took out my ice cars to go places i dread about the gas and service so it was not fun but EVs are the opposite
yea you can get a quick EV for usually half the price. Or just buy an old actual reputable brand if you want a fast car with the high top speed but those are for people who don't mind price at all.
While very true, we haven't reached a tipping point where this common knowledge.
Sure Stellantis had record profits because it took very low dealer inventory levels, jacked up the prices and stuffed dealer lots to overflow levels. The dealers took the over priced product and shockingly couldn't sell them to actual people. Frankly, it should be legal for Companies to Sue their CEO's for damages... The ONLY skill Carlos has is the ability to con Stellantis to give him a leadership contract. Many Stellantis could fix this with putting a new contract out on...
I am glad you bought this up, all the talk about record profits was a set-up as you infer.
UK is in big trouble in terms of car manufacture. Honda pulled out a few years ago and the country is reliant on Nissan, Stellantis, Jaguar/Land Rover and Toyota. Because the country now sits outside of EU any Chinese manufacturer will not look here for production. Thus, in the next few years there will be no vehicle manufacturing here.
Or will the UK re-join EFTA, having been a co-founder originally, in order to trade more freely with the EU. This is becoming more likely as the US trading partner is becoming more insular.
@@GruffSillyGoatU.K. built vehicles can still be sold in Europe as they are built and tested to meet European emission standards, it would hurt both the EU and the U.K. to have restrictive tarrifs.
Car manufacturing is not a hugely critical industry. Although it is expensive to ship cars around the world so, it'll probably hang around.
@ we are living in an age of massive rapid change driven by climate change and technology such as AI. The U.K. needs inward investment and markets to sell our goods and services to. Sadly economics in the U.K. are not attractive now so a lot of investment goes elsewhere now. Places like Luton are losing their industrial base, employment prospects will be poor sensible people will have to move as the town is dying.
@@iansmith788 - yes, but that position is constantly under threat of 'tariffs'. Although the can keeps getting kicked down the road every few years, it's up again for review in 2026 I beleive. This is what Stellantis was saying last year when they threatened to close the Luton plant last time round, seems now they've made the decision to do so.
I suppose those EV mandates are the reason Jeep Wranglers are ridiculously overpriced for what should be a simple car to manufacture.
Stellantis needs to go down. They are a useless company.
It would be better if the second rate companies went under.
Stellantis's CEO is bailing the ship out to keep it from sinking financially. However what he has ignored is that the transom in his boat is torn out. Time for building a new boat NOT for bailing.
I can only speak for here in the UK, as a single, older person, I'm lucky enough to be mortgage free, rent free, I work in a job that pays slightly above the average wage, last year, after stoppages, I took home £26,000, because the infrastructure is so bad in this area where I live, I would have to buy a bigger vehicle so I could drive it for a week between charging, even with heavy discounts, the average cost of even a used electric vehicle to meet my needs is around £36,000, that's far more than the average household could realistically afford, especially if they have a mortgage, bills, children to clothe and feed, the average household, even if they are renting are in huge debt.
Where I live, I don't have access to home charging, as I previously mentioned, the infrastructure, one working charge point in the town, twelve in total, ten of which have never been connected to the grid, one working and the one next to it has been out of action so I'm told, since before COVID, how they know that, I haven't got a clue so I just take that with a pinch of salt, but the cost of public charging here is far more expensive than running a petrol or diesel vehicle, I'm not just going on videos I've watched on RUclips, but also talking to people who drive these vehicles, a few of us went on a journey for work, I did the trip on less than a third of a tank of diesel, the other driver had to recharge when we got there and the same again when they got home, I paid £17 for diesel, they paid over £71 in electricity, they fell for the government trap, that electricity was cheaper, which it was until 2022 when it rose faster than a rocket, they were told they wouldn't have to pay road tax, now they're lumbered with a vehicle that costs £4-500 a month lease/PCP/hire purchase, however they have the car, plus extortionate electricity costs and next year they have to pay road tax, and because the car cost over £40,000 before discount, they have to pay the higher rate of road tax as it goes on the retailers recommended price. That's without mentioning the technology which many of us older people haven't got a clue how to use, the fact you can't pay in cash for electricity, many people still don't use cards, especially the older generations, and again, you're expected to have the latest technical mobile phone, I, like many around me only use our phone to make phone calls, we don't have the latest technical phone because we wouldn't know what to do with them.
I've nothing against electric vehicles, but they're designed with young, wealthy people in mind or younger people who are happy to sign on the dotted line and be in debt for a depreciating asset, I respect that all cars depreciate, but as someone who bought my house in 1996 for £26,000 and a 5 month old car for £7,000 from a main dealer in 2011, even then, the prices were considered expensive but not as far out of reach as there are now and that's why I think that the electric vehicle movement here in the UK is so slow to take off
Buy a second-hand one? Where, you know, someone else has paid the huge depreciation you describe.
@marcsimmonds5483 even buying a used electric vehicle, the cost of charging far outweighs what I pay to run my diesel and I don't have to pay road tax even though my vehicle isn't considered to be a clean vehicle anymore as it's euro 5 not Euro 6, but I still average 80+ miles per gallon on my daily 60 mile commute
The problem isn’t EVs. The issue is that UK-made ICE and EV cars are too costly for the typical consumer.
Not sure about that, both the Ellesmere Port (Stellatis) and Sunderland (Nissan) are amongst the most productive in Europe. Indeed it's cheaper to make cars in the UK, than in many EU countries.
Brexit doesn’t help either…
@@zippyspeedmonkeyexplain
Stellantis didn't need 2 factories making small commercials in UK. They haven't made cars for some years. Consolidating into I factory in Ellesmere Port, with significant investment, makes perfect sense.
They don’t have to build EVs just pay the fines and add it to the price of the vehicle. They have raised prices more for less reason than that.
They don't even need to do that, the UK ZEV/VETS scheme allows to borrow from future build credits, share credits across owned brands, extend the accounting timeframe if close to the target or buy credits from another automaker (Tesla has a fair few spare to sell). Most automakers have said they've hit the target this year.
Thanks!
I see they still have 5600 Challengers and /Chargers still in stock.
Rule #1 - Blame someone else. Rule #2 - see Rule #1
London is rated at no.67 on air pollution for major cities worldwide, comfortably in the moderate category, it's pollution has decreased by around 50% since 2016
I did a visit in June and did the touristy bus tour thing. I did not notice much pollution at all, the bus was an ev, and to my delight, the famous London black cabs were mostly ev as well, and there were thousands of them! mostly in our bus lanes. (they are allowed to do that). Considering London has such a massive population (twice of all NZ), I was quite impressed.
Shhh that goes against the narrative
It should be number 1 though, or as close as it possible if we had no fuel being burned in the city. It's only because UK governments have dawdled over renewables, EVs and investment in electrifying trains, and removing natural gas from our power grid, that we have problems. We have finally lost our last coal fired power station but that's because of the industry moving towards cheaper renewables not the government leading with investment and elgislation.
@@jonevansauthor cheaper renewables? You are kidding right?
@@TerryHickey-xt4mfgoogle “ULEZ”
spain needs a lot of cars after the floodings..... maybe they can sell them there ?
Spain isn’t super wealthy, they’ll probably opt for less expensive options
Stellantis dealerships are going to be selling thousands of Leapmotor T03 in the UK over the next few months. Amazing value EV that will sell really well.
Welcome the world of1978, some things never change, even car companies.
Luton is pronounced Loo-Tun
Ellesemere is pronounced Ells - Mear
it was a bit cringe.
fann que!
I'm pretty sure the Ev mandates didn't help. Forced to manufacture something that there is hardly any demand for if I was the company I would sue the government demanding the day buy all the cars.
Nah it's a excuse. The plant produced ICE vans, in the UK two-thirds of LCVs are exported and not subject to the ZEV mandate. The ZEV target for vans is only 10%, and allows various credit accounting mechanisms to make up the difference. It's more likely Stellantis decided it has enough ICE production and didn't want to upgrade the aged plant (2nd oldest with their portfolio) next year having already done so at their other UK plant.
you haven't noticed the steadily growing number of bev's on the roads, then? Only clarkshit's Ludditelytes and those who have imbibed excessive tel back in the 70's continue to grimly hang on to the past.
On the other hand, producing crap EVs produces crap results. Funny how Tesla has the best selling car in the world, an EV.
They weren’t forced to do anything
@@jesflynn4048No, I haven't.
Omg Sam, do you sleep? lol
Love your videos mate!
My thoughts are with you and your wife. I know what you are going through and it’s hard.
Take care!
People don't want to buy expensive EV's and in the UK manufacturers are basically fined for producing too many ICE vehicles.
What are they supposed to do? If people refuse to buy the, the makers will go bust.
Tesla doesn't make vans, why not?
The ZEV mandate allows van and car credits to be exchanged, and to purchase EV credits from the likes of Tesla to make up differences. This is likely more about Stellantis wanting to shut an old ICE van making plant rather than upgrade it, particularly as its seeking to move the workforce 140 miles to it's other UK plant.
No-one wants to make vans with current (sorry) bev technology; they are overly expensive due to the absolutely sh1te aerodynamics of all slab-arsed vehicles (realised as larger battery necessity due to the rubbish presently existing bev charging networks). Hence Tesla model 3, s etc design. Stick a 60kWh battery would probably need charging 4 times a day by the average white evanman...
Don’t understand why Tesla doesn’t make a mainstream pickup and utility van. Elon must have figured its not worth the effort, yet.
@@briancavanagh7048 because range and payload while staying within legal weights is too hard at the moment.
That's why no one wants the Vauxhall van and why the Luton factory is closing
@@GruffSillyGoat Read what you have written and explain why that is even remotely sensible or the future of transport.
The whole EV credit thing is ridiculous
Terrible CEO has ruined all the great European brands. China will bring them back better
Shareholder primacy ruining companies. Typical.
Focus on short term increases in free cash flow for shareholders.
Minimizing costs rather than maximizing their product.
The consumer wasn’t impressed.
Dragging their feet on alternative fuels is their death knell. Watching Tesla roll up and take market share with ease is a crying shame. As a GM guy, im disgusted with the way the large manufacturers just kept grabbing low hanging fruit (ICE vehicles) and missing the boat on future tech. Sadly, this is one thing Trump's reelection will make the situation worse on. Tesla will mop the floor with GM, VW, Ford, and the rest.
'will' - ? They already have. Don't forget Toyota, Honda, Nissan, Mazda...
Agreed Sam.
Good call on air pollution, sickness and how Chinese companies give us a cheaper high quality solution for our problems.
The body plan of the light vans made at Luton, can easily cater for lifepo4 battery packs between the axles. the upper body plan doesn't even need to be modified by much, its all on the lower body/chassis and engine bay. The road networks will need to adjust the max weight for EV Van's up to cater for the increase in the axle weight and GVW and keep load capacity to keep the vans usable for current capacity/weight needs.
Indeed they do, it's just Stellantis makes the EV versions at their UK Ellesmere Port facility already. They had announce plans to upgrade Luton to EV van production next year, but looks like they've decided the one factory will suffice.
The UK Luton closure has been on and off the cards for ages. The fact that Stellantis started upgrading Ellesmere Port to electrified vehicle production three years ago and was only thinking of starting upgrading Luton next year speaks volumes of the priority/strategy (what with now consolidating production at Ellesmere Port).
The ZEV mandate is only a convenient excuse, something external to pin the blame on, the majority of LCVs produced in the UK (including at Luton) are for the export market.
Stellantis seems to be seeking to focus it's ICEV production (as produced at Luton) on the continent. What with Luton being it's second oldest plant, one that has had issue with production in the past (unable to support high roof line van models for example), plus with the ongoing threat of tariffs being applied on UK car exports to EU being deferred but never resolved, it seems Stellantis wish to focus it's plant investment elsewhere.
As to who takes the blame for this, well the current UK government is making it clear that the ZEV mandate was the previous governments policy, and are happy to review (perhaps tweak targets and exceptions), they are also saying the same with the luxury car tax for EVs.
Spot on! Stellantis were almost certain to close the Luton plant. The EV mandate may have brought the decision forward but above all provided the excuse that they could pin the blame elsewhere. Perhaps BYD could make use of the plant ....
I started life in Ellesmere Port, my dad worked down the docks. we moved down south when I was 4, so many decades later I did a visit to the homeland and went to visit Ellesmere Port and Birkenhead, much nicer than I recalled 70 years ago, also popped over the river to do the magical mystery tour, had to book 4 days ahead, still big business, and the Liverpool docks are massive, all bars and shops these days. By the way no cars at all in Liverpool's mains streets, Pedestrians only, so Stelllantis would not have any trade anyway!
Fun fact:
Microsoft used to get at least 5 bucks for every Android phone sold.
(Could still hold true to this day. Haven't checked)
The curse of Jeep. Who is going to buy the remnants of Stalanis when they go bust?
First there was Jeep, American motors, Chrysler. What do they all have in common?
Well if impact is minimal I think Stellantis is smart enough to shut business down in the UK and open in the US where their impact is much larger and air quality is linked to people's pockets, i mean, if they are rich then they can afford med care which is taking responsibility for one self, it isnt the government's its an individual responsibility, that being said, government is responsible for making it possible for business to flourish, if air quality was important, run a business that cleans air and contract the government. Failing policies, failing governments, and failing Europe
thank god I am in the land of the free
heck with your business
There are not many fast cheap EVs in the UK….a car that sells for 10k in China will sell for 3 times that in the UK…I am looking at the recent Polestar 3 long range dual motor and the model starts at £76k in the UK…that’s not a cheap Chinese EV
Cars have never been cheap in UK.
Its a change from Stellantis blaming Brexit for factory closures....
I'd rather walk than own one of their vehicles
If Stellantis can't sell their EVs then a government mandate ordering them to makes no sense. YTuber 'A Different Bias' covers this presciently
They could sell them in China and the EU of they were competitively featured (including intuitive software) and competitively priced with other offerings.
@@nickmcconnell1291 They can't sell EVs from the Luton plant in the EU due to rules of origin.
Shipping them from Luton to China is economically unfeasible
@@dondomingo6578 As to China, I was leaving for Stellantis to build them there... as they are some EV models that are shipped elsewhere.
I want aware of the regulations within the EU keeping the Luton cars out. Ah well I guess the Brits are glad about Brexit now eh?
Stellantis doesn't make EVs at the Luton plant, it produces ICE light commercial vehicles and ICE engine parts. Stellantis already upgraded Ellesmere Port (also LCVs) to EV production, was due to upgrade Luton next year but appear to have decided not to bother.
@ Ah
The U.K. car industry is comprised of satellite companies with offshore CEO’s. Anytime there are dips in sales or profits these companies pull back their U.K. factories to protect their home factories. When Vauxhall was bought by Peugeot a few years ago, it was predicted that they would eventually close the British Plants to protect the Continental factories. The same happened with Honda pulling out of the U.K. to protect Japanese factories. Our Governments do nothing to protect British workers and are happy to subsidise anyone that asks. Tata would love to shift Jaguar, Land Rover production to India to lower costs and maximise profit. Watch this space.
As the guy from the UK Government said: "This is a wakeup call that disruption is coming". They only need to sell 22% EVs anyway - that's the EU average.
“Is coming”?
Disruption already came. Losing huge amounts of sales to new automakers who only produce EVs is already happening.
Chrysler has a sedan and a minivan available, Dodge has 2 sedans and 2 SUVs, RAM has 9 trucks, Jeep has vehicles for > $100K (usd), no one wants them with this lineup and these prices
The challenger and charger also the Chrysler 300 are no longer in production
@JDMSwervo2001 yes Stellantis is for the most part RAM and Jeep, with some models costing over $100K. If I wanted to spend that much, I'd buy a Land Rover
Not taking responsibility for the results of the company is how teenagers act. We call these teenagers irresponsible. Legacy auto deserves what they get . . . Looks like another Kodak Moment!!!
Kodak, Nokia...
Following this story in the UK the issue is 22% of their sales need to be EV. They are at about 18%. So the UK will make less and less cars sadly. Next year the mandate is 28% which is well above what the market is buying.
The deal with the EU finishes in 2026 at which point all uk exports to the EU must meet the 60 % threshold of made in the UK
The uk doesn't have a battery plant
Labour are more pro EU so something maybe worked out but large manufacturing is dead in the UK till we have access to the single market
The Luton plant makes ICE vans not cars, the target for these is 10% EVs.
The UK does have battery plants, check out AESC.
BYD etc are unlikely to come to the UK to build factories when the UK made it harder to export cars to the rest of the EU because of Brexit. UK is such a small market compared to the EU/rest of Europe.
but if the customer doesn't want an EV now and would rather continue driving his old car, then all those government requirements will simply bankrupt the car industry
As long as jeep and dodge fing rams go out of buisness Im Good.👍👍
You are a bit behind the times on London air quality. The city now is covered by a ULEZ (Ultra Low Emissions Zone) where, unless you have a late-model low-emission combustion vehicle or an EV, you have to pay £12.50/day to drive your car. You should have heard the squealing from people driving old bangers round the place! London is also aiming for 100% electric buses by 2030.
EV mandate must have made Stellantis ask £35,000 ($44,000 USD) for a Vauxhall (Opel) Corse then. Their list prices are an absolute joke in the UK and they are just trying to make excuses for their incompetence and lack of innovation. They’ve been saying stuff like this for 2 years.
they should blame it on EVs demand not mandate
when the gov interferes with commerce thats what happens!!!!
10+ years to start making affordable EV's, now they are looking for someone else to blame for their incompetence. Sticking one's fingers in one's ear's a going BLAHBLAHBLAH for many years isn't the way to run a profitable business. Drop prices and ramp up quality and ranges, it's not that difficult just follower the market leader Tesla
Funny how the critics of the U.K. government keep contradicting each other with the stories they make up. “It’s Labour’s EV sales mandate” er “that was the previous government policy” er “but it’s definitely not Brexit” and “it’s the EU 55% origin of parts mandate” er “but that 10% tariff, if the parts are cheaper to import doesn’t that still make the car cheaper” er “no, yes, possibly” er “it’s the lack of EV infrastructure”. The real problem is that we are still suffering the aftermath of confusion caused by the last government speaking from the oil lobby anti EV crib sheet, at the same time as changing the 2030 cut off they set sales targets for EVs. Fork tongue causes confusion, so the public delay the next car purchase. The right wing attack on Jaguars electric vehicle adverts has further added to the mess, car companies just don’t know what to do.
technically you're not wrong with the way you said Luton, but as someone who lives fairly local its pronunciation is a lot more like 'loo-tun' 😅
The UK car industry is dead unless we get battery manufacture up and running. The 1000 jobs lost at Stelantis could be instantly replaced if BYD or CATL were offered incentives to build battery factories here.
Stellantis is embarrassing.
Europe doesn't have competent EV technology. So the problem rising.
Nissan - missed by whom? Other japanese makes to follow since these non-premium brands have the same customers as the chinese makes have today!
It is because of Brexit and Tarif regulations.
They are making comercial (Stellantis)Vans EV in Portugal, Mangualde, it may BE cheaper
Luton made ICE vans, it's Ellesmere Port that makes EV vans which is why Stellantis is moving production to this site.
Of course, it cannot be the incompetence of the Stellantis Marketing Department in not keeping up with automobile developments…
When one can’t understand why make better cars more efficiently that are as good or even better than the leading volume seller… er… blame everyone else that’s the ticket
Record profits can be made just by making more than before by 'cost cutting' and squeezing the life out of a company and it looks good on the books for a couple years but dooms the company to fail. Especially during a transition time a company shouldn't be focused on record profits but keeping up with the changes.
The car companies will never stop complaining about switching to electric. Toyota could have done it in the 90s and GM with the EV1. They are only stuck in their ancient ways. Kodak, BlackBerry, Nokia, Polaroid and others are prime examples of companies that are fine with things the way they are. They fail.
Like The Electric Viking has said before put an ICE vehicle and an electric vehicle in a closed garage and which one is healthier?
Which one, statistically, is a fire hazard?
@@briancavanagh7048 The ICE car.
But they didn't switch to 100% EV years ago, so of course no-one wants their cars anymore. The Fiat 500e isn't too bad although it doesn't really need back seats (and the Dacia Spring turns out to have a version with no back seats, and increased boot space instead which is a really smart compromise) but it is far, far too expensive because they aren't smart enough to price it lower and have modern factories and design methods.
I think the fines were the wrong stick to use. We should have said we'd nationalise their assets instead. And just done it after five years, which is more than long enough to completely swap over to EVs. What is even the point of ICE vehicles? They're useless junk.
Hello bro
The sad fact is mechanical companies are crap at software.
First Nissan and now Stellantis are going under. Tired of hearing how the problem are not theirs. After they are gone, people will see less BS advertisements. Who will be the ones following these two clowns.
So, Stellantis blames everyone else except themself for their poor sales ?
Hang on Sam have you been to London lately? Ulez has improved air quality
It's better, but it still sucks.
@@davidlloyd1526 only on the undrground
The only decent car they sell now is the 308 estate.
The ev version sucks though, old platform, small battery, slow, no frunk etc
Go a step further. Blame China. That’s what the US & EU have said. Yellen, Raimondo and Von Der Leyen, the three vocal voices of China’s overcapacity. Be like them and blame China for everything.
Actually extended life times lead to increased government spending on pensions and old age healthcare for pensioners. There is no savings here, you need to increase retirement ages for this to work, and even if you increase retirement ages, older workers are not as productive and have very high health care costs. When life expectancies were lower 65 to 70 government social expenditures were much lower. There is plenty of data that shows this.
That being said it is still worth spending to reduce pollution and improve public welfare, but the spending has to be rational and in proportion to the benefits and measured in an unbiased way. For example having the US EPA calculate the economic value of their regulatory rules is a conflict of interest as the rules disproportionately benefit the EPA employees, and the agency itself over the public good.
Older workers are healthier and therefore more productive than they were 50 years ago.
I think the new Citroen logo is ugly
Nothing against electric cars (im considering purchasing one) but government mandates to sell EV's and subsequent fines if car brands don't is some SSSR style bullshit. If you're product is superior there is no need for mandates and fines. I think that Stellantis is the world's biggest conglomerate of shitty car brands (with some exceptions). Their brands were not great even before EV's came along. But to blame them for complaining about having to purchase carbon credits from Tesla and to claim that they have "saved" money by doing so is stupid. Their complaints are fully justified.
I think others have explained this, why not read them.
@@paulc6766They haven't explained it very well. Maybe you could try?
Blames everyone else……he’s ready for politics!!! 🤡🤡🤡
Stellantis are struggling because they built cars with crap engines that keep blowing up. They only have themselves to blame. Same as KTM.
Good topic, Hard to listen to.
22% .... only a committee of bureaucrats could come up with an obscure number like that .... summarises the entire UK to me ..... who would even bother having a factory in an idiotic country like that ?
It's based on an increasing curve up to 100% in 2030.
@@davidlloyd1526yeah, also stupid.
It's quite ridiculous to suggest that the EV mandates are not affecting legacy car makers, of course they are. The Luton, UK factory was set to switch to EV van production, but EV vans are currently not fit for purpose and are too expensive, meaning there is no demand. There WAS demand for their ICE vans, so the mandates ARE affecting them.
Come on, I know you love EV's but wake up to reality a little.
They are designed to affect them!
Nissan is worse, they are on the hedge of the cliff...mostly due to bad CVT transmissions!!!
Cancer is not so much a problem as health industry makes it out to be, you don't need to have zero cancer cells, it's not a positive feedback loop. If you don't keep accumulating more toxins such as heavy metals like iron (sic), cancer won't grow, or rather would stabilize or shrink
A lot of hate here for Stellantis, a lot of it justified, but a couple of points on the other side of the scales.
- Stellantis was the first legacy manufacturer in the UK to announce price parity on equivalent ICE & EV models earlier this year.
- These factories make light commercial vehicles, not cars. Sales of EV vans in the UK have stalled, down on last year. The Gov't should be doing way more to encourage adoption.
- Stellantis has a 40% market share in EV LCV's in the UK.
Three other points:
- Two thirds of UK LCV production is exported, only one third is for domestic consumption and is subject to the ZEV mandate.
- Luton is an ICE LCV plant, that was scheduled for upgrade to EV production next year but the site cannot make all models due to it's layout. Stellantis is seeking to consolidate production at its Ellesmere Port facility, which already produced EV vans.
- The government now offers plug-in grants for companies to adopt EV vans.
People used to wear black shoes to a party. Now they wear sports shoes/running shoes. The black shoes guys could not adapt to the sports shoes trend. Now black shoe sales have crashed. Stellantis and crew cannot do coding. They cannot make spare parts for their cars. It is a dying brand and it is in ICU now. Blame yourself.not EVs
Look at the air pollution in Beijing they had to do something
What pollution?😂
Loo-town 🤣
Stellantis died when they got rid of the v8 and lowered quality control even further along with jacking up the prices of everything
Nissan cars just aren’t competitive and are seen as cars for only people with bad credit
Ah love for V8's, shame you don't buy them.
@ was never a fan of Chrysler products but they made record profits especially from the dodge charger and challenger but they were fined head kit cause they had not one hybrid vehicle in their lineups
I can’t be the only one who thinks Stellantis is a collection of dull manufacturers making generally mediocre rubbish? 😂
New cars shit including ev!!!!!!!!!!!!
The EV revolution must have been a complete surprise to Stellantis 😮 I mean after 20 years of warnings ⚠️ ignored due to HUBS (Heads Up Butt Syndrome) 😅😂 Atlantis, I mean Stellantis is sinking under the seas.
i think the word is actually 'hubris'. (Sight modification maybe to fit Heads Up Butt Right In Syndrome)?
EV mandates force companies to build cars few want. Let people drive gas if they want.
No one is stopping them but they must be held accountable for the pollution they cause. Maybe their NI contributions should be higher to help pay for the NHS.
@@paulc6766 most vehicles on the road right now don’t have the same amount of CO2 emissions they had 30 years ago. You can literally smell the tailpipe of a running car and it doesn’t even stink
i mean.... eventually i dont think stellantis and volkswagen will bancrupt... they have so many brands under their name i think they can "sell" few brands in order to survive this and then rise... and if you look now... vw has around 11% dividend and stellantis has around 13%.... i know they can cut at any time and probably will for next 1-2 years but if you buy many shares now.... and they eventually returnd dividends when they are making money again... on man :D sweeeet sweeet dividends... what do you guys think?I REALLY WANT DISCUSSION on this because i am really considering buying (not much for example only like 2-3% of my portfolio for stellantis and same amount for vw as well) lets discuss
buy Kodak
Phil explains Luton's van closure
ruclips.net/video/abbWIzhPmaI/видео.html
Crap products, poor quality and poor customer and dealer relationships. I wouldn't touch, even as much as I love Alfa.
Nissan, Mitsubishi and Stellantis are unlikely to be around in 5 years.
5yrs? Really??? Lol