Stellantis Fires Back At US Congress Completely Tone Deaf Many Wonder What’s Next

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  • Опубликовано: 26 окт 2024

Комментарии • 121

  • @jeff41768
    @jeff41768 14 часов назад +41

    If they don’t replace Carlos by the end of the year Stellantis is finished. It doesn’t matter what he does he’s lost the confidence of Wall Street,the UAW,the public and most importantly the management and hourly employees. Why can’t the Board of Directors see it and cut their losses now?

    • @3rdpig
      @3rdpig 14 часов назад +3

      I can see that when Tavares got hired he went to the BoD with a plan and told them, "Look, if we follow my plan there will be some hard times ahead, but if we stay on course when the dust settles we'll be in a better position than everyone else'. Also, look at Jaguar's decision to go all electric. Seems like it's killing them now, but they didn't go in without a plan and without knowing it was going to hurt.

    • @ckm-mkc
      @ckm-mkc 14 часов назад +1

      The Fiat side of the house is still growing strongly, it's only the North American market which is an issue. That said NA is their biggest and most profitable market, so who knows. My guess is that, like any board, there are factions and there is likely a poison pill in Tavares contract that requires a board super-majority or some such.

    • @rogerrussell9544
      @rogerrussell9544 13 часов назад

      Elkins is the chair of the board and he seems to admire Tavares in ways that even their wives don't want to guess at.

  • @jeff41768
    @jeff41768 14 часов назад +54

    Carlos is the problem. He can’t fix the company with his terrible decisions

    •  13 часов назад +6

      Nobody can. This company died when Sergio Marchionne died.

    • @marksmith1784
      @marksmith1784 12 часов назад +4

      Add the board as well. They are just as complicit.

    •  12 часов назад +2

      @@marksmith1784 the people on the floor ain't much better.

    • @johnbeckham1483
      @johnbeckham1483 11 часов назад

      In my estimation, Carlos Tavares is criminal here as his role of CEO of Stellantis! Are WE going to let him destroy our CDJR BRANDS? Frank B. Rhodes, Jr should make a hostile takeover of Stellantis! THE MAJOR PROBLEM is that TAVARES wants to build EVS ONLY!!! It is suicide folks!

    • @snakepliskinsnake
      @snakepliskinsnake 5 часов назад

      He doesn't want to fix the company.

  • @americanpatriot2.06
    @americanpatriot2.06 12 часов назад +14

    Automotive mergers have consistently destroyed brands. Bottom line, an automotive company needs to stay in their home! Because of mergers, reliability, quality, and legacy has gone down the sewer.

  • @breakingnewsnetworklive
    @breakingnewsnetworklive 13 часов назад +18

    Ford is hardly doing fine. Product quality is pathetic and their pricing is as bad as Stellantis. There are thousands of F Series trucks and EV Mustangs rotting on dealer lots. Farley needs to go and CDJR needs to be turned over to an American owner who understands its customers. Kramer is a Wall Street expert? LMAO! I wouldn't touch anything in this industry with a 10-foot pole.

    • @graybailey6015
      @graybailey6015 13 часов назад +2

      Saw were Ford was using rubber bands to drive the oil pumps in some trucks.Well, it's a belt technically, I guess. What a joke.

    • @groovy1937
      @groovy1937 11 часов назад +1

      Agree, Ford is a mess! I recently had to replace my older Ford F150 which I loved (rusting out) . I looked at Ford and could only get a ecoboost v6, they had no V8's in inventory even across the region. They may offer the v8, but you have to order and no V8 in a King Ranch. The had nothing nice to choose from in inventory -all blacked out wheels and just horrible colors and interiors. Plus my local Ford dealer service advisors are always full of attitude. I just had enough of Ford. I looked at GMC but didn't like the angle look and tailgate. I ended up buying a 2024 RAM limited. I love it. Too bad Stellantis is going down the tubes. I figured I would get the 5.7 V8 since it is now gone - I don't want a hurricane 6. I may have made a mistake buying a RAM, hopefully it isn't a lemon.

    • @breakingnewsnetworklive
      @breakingnewsnetworklive 9 часов назад

      I was a Ford Power stroke guy for years. But each new one I bought seemed cheaper built than the last. Ford and Ram have no clue who their market is anymore when they slap a 100k sticker on the window of a truck. Hell, it wasn't that long ago when I bought my kid a base 2 door Wrangler for 30K.

  • @PatriceBoivin
    @PatriceBoivin 13 часов назад +9

    The Dutch don't like muscle cars, they like e-bikes... Stellantis buying Chrysler never was a good fit. Europe is all about EVs right now but they have public transit that works and a population density that allows people to live with just mopeds and bicycles, unlike North America where we have thousand mile highways.

  • @theunknownone5990
    @theunknownone5990 4 часа назад +3

    It's another level of stupidity for this company to think that electrification is still going to happen.

  • @lawrencecote9718
    @lawrencecote9718 14 часов назад +17

    I always liked my 5.7 hemi's. I never had any trouble with them.

    • @dontelindsey5846
      @dontelindsey5846 5 часов назад +1

      They need a hemi that's been updated. I miss old Chrysler

    • @jimeditorial
      @jimeditorial 4 часа назад +1

      Dead end product...emissions are getting tougher

  • @gtiguy9629
    @gtiguy9629 14 часов назад +16

    Congress shoukd block stellantis sales altogether.

    • @3rdpig
      @3rdpig 14 часов назад

      Please, explain how the US Congress can block what a foreign company can do.

    • @ckm-mkc
      @ckm-mkc 14 часов назад

      Because ... capitalism? 🤷‍♀

    • @stevenbesson8988
      @stevenbesson8988 14 часов назад

      Why do people never learn, stop asking the government to get involved. Once they do they don’t stop, it’s up the consumer to stop buying in a free market to put a hurt on Stellantis. The government pushed the EV stuff on people that they don’t want and now the manufacturers are having to raise prices to compensate for the loses in EV.

    • @gc1172
      @gc1172 13 часов назад

      Its a foreign company and if Congress attempts that, SHUT IT DOWN TOTALLY should be response and well within all laws of the US. Democrats can try to go full communist as they are leaning and take it over as the first in their building of a number USSR style government

    • @rogerrussell9544
      @rogerrussell9544 13 часов назад +3

      @@3rdpig EV's have a lot of customer info in them, tracking and such. It would be national security issue if anything CCP/Chinese tried to own them. My Chrysler 300 tracks me too, and it's ICE.

  • @msallies
    @msallies 9 часов назад +5

    Healthy & Sustainable Company??? It's far from that & it all rest on the CEOs shoulders. He destroyed the company.

  • @denisosullivan2956
    @denisosullivan2956 10 часов назад +4

    I don't think Stellantis understands its existing customer base. It is trying to appeal to another market segment, but its brands' image do not match up to those customers. It is like the Stellantis head office in Europe is out of touch with the American customer base, and the Canadian one too, which is quite similar.

  • @Daniel-l3x7f
    @Daniel-l3x7f 12 часов назад +4

    Stellantis may not have the money to retool a factory. Do they even still retain the tooling to make ICE vehicles in the U.S.? Knowing CT's arrogance, he may have trashed all that tooling or sold it at bargain prices. Take into account that the suppliers that used to supply Stellantis for their ICE vehicles have either retooled for EVs or gone out of business or significantly downsized there may not be an easy path to get back to ICE vehicles. Wall Street finally says sell the Stellantis stock. As usual they are way too late. Their tea leaves for Stellantis dried up and blew away months ago.

    • @ralphdromey8271
      @ralphdromey8271 6 часов назад

      Dummass this is a election year, our law makers can seize their cheese

  • @wrenchinwithgrandpa4586
    @wrenchinwithgrandpa4586 14 часов назад +5

    Truth is a hard pill to swallow!🤔🤔🤔

  • @henryrodier8024
    @henryrodier8024 11 часов назад +4

    Carlos has been listening to his own rhetoric so long he is beginning to believe the nonsense he has been spewing.

  • @esteban1487
    @esteban1487 8 часов назад +2

    Just saw a Ford EV Charger commercial where it says they will put an EV charger in at your home as a complimentary install.
    Not ONE of the EV vehicles shown was in a garage.
    All parked outside.😂

  • @wt9653
    @wt9653 10 часов назад +2

    All OEMs need to stop trying to catch up with Tesla and Chinese EV auto makers.
    Slow the hell down and regroup. Think straight and come up with something people want without gouging the hell out of them.

  • @patrickradcliffe3837
    @patrickradcliffe3837 13 часов назад +5

    If Rhodes wants CDJR he better be finding deep pocket investors.
    What the blips of gains is the short sellers getting ready for a big sell.

  • @jeffsterling9771
    @jeffsterling9771 13 часов назад +4

    If the company goes bankrupt, does that mean he doesn’t have to buy out uAW contracts? That’s what I think he’s doing on purpose if that answer is yes.

  • @perryalexander5868
    @perryalexander5868 13 часов назад +4

    There is a sucker born every minute

  • @mperlatti
    @mperlatti 12 часов назад +4

    Everything hinges on whether President Trump wins re-election….

    • @wt9653
      @wt9653 10 часов назад +2

      We don't want the 80 year old 😂

    • @gm5873h
      @gm5873h 9 часов назад

      Sure we do , and hes 78 @wt9653

  • @vaughnoliver2810
    @vaughnoliver2810 14 часов назад +5

    Great info TK!!!

  • @ctfan1486
    @ctfan1486 7 часов назад +1

    Ford,GM,Chrysler even Toyota should stick together and tell the US gov the people have spoken! And not pay the stupid fines.We dont want EV"s. We want V8's in trucks and mussel cars. 6 cyl in mid size trucks.

  • @1507421
    @1507421 7 часов назад

    I totally agree with you. My question is that if Stellantis is going to have to totally retool the entire Belvedere plant, considering how long that would it take to just get ready to begin production? Why has that not even started? Have they even established a "start date" to be able to have a "start production date" ANYTIME in the future? The screwups at Stellantis need to either fish or cut bait. That entire management team could not run a hotdog stand. Start cutting those EV credits from the US Government every month until Stellantis at a minimum, sets hard start dates on retooling the plant and a hard start date to begin production..

  • @tood6459
    @tood6459 10 часов назад +1

    Carlos is a big problem, but not the only problem. Don't kid yourselves, it took several years of poor engineering, poor design, poor assembly quality, and the toxic relationship with the UAW to get Stellantis to this place.

    • @regalkismet
      @regalkismet 9 часов назад

      Their issues have zero to do with assembly issues as it relates to UAW members. Issues at assembly plants are to due parts quality and management decisions not to fix or correct issues on the line due to their desire to meet quantity with fewer employees rather than quality.

  • @eotheleo83
    @eotheleo83 13 часов назад +2

    LCC (Low Cost Country) sourcing is the problem.

  • @michaeln4018
    @michaeln4018 10 часов назад +1

    As much as tree higher Carlos hates V8s…. Does he like money? Then bring back the V8

  • @markdickson6877
    @markdickson6877 7 часов назад +1

    Stellantis is out of attached with reality.

  • @sudahb
    @sudahb 13 часов назад +3

    If the company does not have the cash flow to operate, Congress cannot force the company to do something that it is unable to do! Plus, who really thinks that any members of Congress are qualified to advise any company???

  • @southdetroitentertainment7741
    @southdetroitentertainment7741 13 часов назад +1

    I'm calling it right here
    When the Q3 is released, the stock with be worth between 8-10 dollars a share

  • @JamieFalcao-sp1bs
    @JamieFalcao-sp1bs 10 часов назад +1

    TK i would correct you on this. Gm and ford are benefiting from stellantis poor performance....they are selling volume that stellantis lost! As you have said stellantis is not selling what people want....gm and ford right now has products that people want and evs that make sense. Stellantis failed to understand the shift from performance ice engine to the next gen...they leaped when they should have taken baby steps. They probably should have moved to hybrid performance as a mid term spec and slowly weaned off the Hemi by raising that price.....by almost the amount to pay a fine! CEO and marketing is to blame! They could have owned performance hybrid if they hurry and slowly move to ev! But to your point...no strategy to recover yet and it takes way too long to change course! Crjd dealers only make things worse!

  • @lawrencecote9718
    @lawrencecote9718 14 часов назад +1

    Why is it half the time I can't make a comment on this sight. Or is it UTUBE playing games. I always share your videos with fellow retirees from a Chrysler plant in Syracuse NY. We are all loyal mopar buyers.

    • @3rdpig
      @3rdpig 14 часов назад

      Must be YT screwing with you, it couldn't be a browser or computer issue. Keep looking over your shoulder, you'll see them sneaking up on you if you're fast enough!

    • @0004612
      @0004612 13 часов назад +1

      The RUclips A.I. deletes millions of comments….about 70% of mine

    • @clark2293
      @clark2293 11 часов назад

      UAW, and you buy this junk. Is there any question that you might not be able to figure youtube out? That's like 5th grade edu and declining! Do you still live in New York?

    • @lawrencecote9718
      @lawrencecote9718 11 часов назад

      @clark2293 who asked you. At least I support my fellow workers loud mouth. I'll never buy any new mopar until management wakes up

  • @snoproblem
    @snoproblem 12 часов назад +1

    FFS, how do these lame mediocrities keep gaining these high positions, then hanging on with a death grip when they should have long been unceremoniously bounced out? Infuriating for me, how do the direct investors feel?

  • @reedburke7762
    @reedburke7762 3 часа назад

    I was going to buy a Tungsten. F#$& Stelantis and F#*&$ the dealerships. And f+-%$# Carlos.

  • @TIREDOFEVIL
    @TIREDOFEVIL 2 часа назад

    Carlos is the perfect example of a non Sentient life form.

  • @gregkelly319
    @gregkelly319 8 часов назад

    Sh!t can Carlos lol. I know he answers to the board, but they have to see this disaster

  • @NathansMoparGarage
    @NathansMoparGarage 4 часа назад

    I feel for all long time dealers getting screwed over by this clown show 🤡

  • @kbirules
    @kbirules 14 часов назад +2

    Only thing stellanis cares about are Tavares pension and retirement and pensions and $$$$ of those that agree with tavares as they break up a americam legacy company
    But everything eventually comes to a end and that's mopar/stellanis story in the making as every day goes by
    They're out of touch with tye consumer

  • @rayjohnson863
    @rayjohnson863 14 часов назад +2

    Fords quality is not there and for anyone who buys a ford will learn the hard way. Chevrolet and GMC are known to still have engine issues and transmission issues. I would never buy anything from the big 3.

    • @nancykramer7700
      @nancykramer7700 13 часов назад

      Ford was called fix or repair daily even when I started driving many years ago.

  • @briantracy1324
    @briantracy1324 6 часов назад

    TK , "hold" never means hold ,, it means YOU HOLD while the wallstreeters sell their shares.. after they sell theirs then they tell you to sell.

  • @aone7640
    @aone7640 13 часов назад +1

    Ford can easily fixed there crappy eco boost problem by putting the trusty coyote back into every product as an option. We don’t need expeditions navigators broncos Lincoln aviator with puny eco junk engines when the V8 was used in all these vehicles in the past and they were the best

  • @pl5624
    @pl5624 12 часов назад

    The government needs to ban fleet sales from stellantis...the opposite of the 80s when they were told to buy k cars..

  • @Johnny-tt8zc
    @Johnny-tt8zc 13 часов назад

    Just take away their incentives. While they're at it, tell them to give back the bailout money. I have a 22 gladiator, I'm just worried about the warranty and the extended warranty being nullified.

    • @michaelcoonce6694
      @michaelcoonce6694 13 часов назад

      What bailout.

    • @0004612
      @0004612 13 часов назад +2

      @@michaelcoonce6694from 2008?

    • @Johnny-tt8zc
      @Johnny-tt8zc 13 часов назад

      @@michaelcoonce6694
      The money all the auto makers got back in 2008

    • @michaelcoonce6694
      @michaelcoonce6694 12 часов назад

      @@0004612 stalantus did not own Chrysler then .fiat acquired the company from the bankruptcy court for no cash just the promise to invest money which they did. Stalantus did get incentives from our government to build electric though. That should be given back because the company won't be around to make them

  • @frankcastle2045
    @frankcastle2045 6 часов назад

    I can send you photos of the Windsor holding lot a lot of Chargers in there I don't know where to send them though?

  • @wizpin
    @wizpin 8 часов назад

    I miss the good old days of getting into a Stellantis bash channel. And yeah you are right, Stellantis sucks, but I want to see you smell the damn fine smells of an old EV on copart. 🥳
    or wheeling and dealing your old cars. But yah, thats me :D

  • @glenndent6626
    @glenndent6626 10 часов назад

    Tavares is obviously educated beyond his intelligence. It's about marketing. If he really wants to go to a 6 cylinder engine he needs to give the customer base a 6 cylinder they can get behind while continuing to offer a V-8 but make the standard engine a V-6. Basically a shortened version of the old Chrysler 426 Hemi that Chrysler made for drag racing with the same exact bore and stroke making it a 319 cubic inch V-6 Hemi. It would be just nostalgic enough that I think it would sell.

  • @ralphadams4478
    @ralphadams4478 14 часов назад +2

    Long terme with business practices I see 6 dollar stocks

  • @ralphdromey8271
    @ralphdromey8271 4 часа назад

    Tk you know when the cars rotting at the dealerships turn 36.months from build date not be saleable, unless the have rehab-inspecton new tires rotors brakes shocks and batterys. The old 136 point inspections . And stellantis pays or goes bankrupt cars will worth 10cents on dollar at auction when banckrupt mfg to be put in containers and exported??????

  • @dazedhavoc
    @dazedhavoc 8 часов назад +3

    The UAW are gangsters and thugs.

  • @robertduncan8801
    @robertduncan8801 10 часов назад

    They keep whining about the 'market condition' as their justification for their actions..... it's not 'market condition' that's their problem. It's their market position that's their problem. They got themselves into this predicament by betraying every american brand they've acquired. Personally I'm a jeep fan, all my jeeps are 80's or 90's because that's when they were last actually jeeps. The spirit that defined the brand has been slowly eroded and has been bastardized into a faux luxury prestige name without an ounce of utility to be found in any model let alone solid axles in anything but the toy pickup or the wrangler. Both of which are so overpriced that they aren't worth the trouble. Thankfully every XJ and FSJ I own will far outlast my lifetime, I won't ever have to buy a new jeep. Still it's painful to watch the death of this brand and to see that it's something that is entirely avoidable. So many of our brands have fallen to foreign interests and greed, it's a shame. But it's the fault of those who are running the brands not the 'market'. What they're doing to the UAW borders on criminal. They should be made to adhere to their contract responsibilities and no one should allow themselves to be confused about what constitutes market condition and market position.

  • @michaelramsey3986
    @michaelramsey3986 10 часов назад

    Stock looses half its value, then Jim Kramer says sell, sell, sell. What a goo roo. Haha

  • @joedobbins870
    @joedobbins870 13 часов назад +1

    5.0 liter hemi?

  • @Karrpilot
    @Karrpilot 14 часов назад +2

    Stelantis is delaying the belvedere plant until the uaw contract expires. Then they can tear up said contract and send the uaw packing.
    Harley Davidson does the exact same things that Stelantis does. Slap markups up and over list price. If you won't pay the outrageous fees, the next fool will.
    When I bought my 2007 Pontiac, the dealer had a leftover 2006 GTO on the showroom. Still asking over list prices. I walked right by it.

    • @kennethpeterson821
      @kennethpeterson821 13 часов назад

      They can't hold out three and half years no way possible😮😮😮

  • @patientzero291
    @patientzero291 12 часов назад

    Instead of buying dodge try a Shelby brand.

  • @aps125
    @aps125 7 часов назад

    In fairness to Stellantis, muscle car segment is a niche market and is shrinking fast as Gen Z/millennials simply aren’t interested. You can’t bet your future on product that is leaning toward demographic extinction.

  • @sudahb
    @sudahb 13 часов назад +1

    Btw, no consumers are 'screwed' because the transaction isn't forced, but voluntary...

  • @williampisano7573
    @williampisano7573 13 часов назад +1

    They can still build the v8 they just need mpg fuel economy mandate for every one ev you could build a m1a1 abrams tanks because of the fuel ⛽️ economy it’s simple but a cheap electric ⚡️ car and sell a abrams that get 1 mpg with a 130mpg car I can’t fix stupid run dodge ford get better mpg then fuel economy mandate

    • @williampisano7573
      @williampisano7573 13 часов назад

      That is why ford has v8. Ford demand for its hybrid in f-150 is at about 30% but they can only produce 15% they are expanding production next year that is why you only see 80k trucks with hybrid they did make a 40k truck but demand was so hi that the stoped putting it in the base model

  • @jacksavage7808
    @jacksavage7808 7 часов назад

    Tesla looking better and better. Elon gets the price down and look out.
    Wouldn't even buy a Stellantis push behind lawn mower.

  • @grantandersen
    @grantandersen 14 часов назад

    SEC incoming?

  • @michaelconlin5614
    @michaelconlin5614 12 часов назад

    Could I least have English speaking commercials, I'm not going to learn Spanish

  • @jimeditorial
    @jimeditorial 4 часа назад

    Is anyone buying Durangos?

  • @bones549
    @bones549 13 часов назад

    Ya just can't make this stuff up

  • @timkopp2204
    @timkopp2204 13 часов назад +1

    Inline sixes can be pretty darn amazing engines! Stallantis' inline sixes, well.... we'll see ...
    I'm a v-8 guy, but if dodge/Ram make a serious inline six, I'm ok with it.

    • @billycarr7446
      @billycarr7446 11 часов назад +3

      Dodge slant 6 was indestructible. Ford 300 6 also great. A straight 6 is a lot easier on the mechanic also.

  • @gatorred157
    @gatorred157 12 часов назад

    ok i saw a car like in your opening friday & almost said to him can you stop & pop your hood why i want to see your engine design , why ps i have a 2006 dodge its a real doggy v8) to this gm v6 truck i driving I tow stuff with it ok thus-day i ste food shoved camping gear in dodge suv & up the hill i went ps at top i turned around i not driving this crap to the state camp area over 3 hours away if it made the trip at all? this is a bad idea the white chevy truck did for 35 dollars to fill it & less then 30 at home later on made it really! ( past wellsboro pa there a flood area & motels were like full or washed out or closed my i stop at road side rest
    fire truck there lights going on oh no not good deal so i went by 13,3 high low pass like 20 with 30 miles where i going that way nice were the semi trucks at oh that why it low! how high said camper i got left at home! ok i had a mess up years ago ok 185 night stay & i was sick & police were driving around to & its cv19 too sick = 2 week stay out home town =big $$$$ cost ok that why i did scouting trip really! i rather spend 70 then 100's or 1000's in money! for like less then 100 dollar trip camping! ( like one hunting guy at a church a guy did a christian talk I tell i was in court last year around the pay job i do from this time and date to here i be gone to the back woods for up to a month hunting i write books it that time the year! i deal with this when i get back or the state law finds me ok i gone for a month judge in the middle of nowhere a 4x4 might not make it this year so it horse back & the pack job everything we can see we used for the month to live off grid) oh a day before he was called & the court guy said we don't need you to show up have fun! the cell no work on the lower hill & there no food stores close this might be bad place to go!

  • @joedobbins870
    @joedobbins870 13 часов назад

    Build a k car cheap car!

  • @nickmalone3143
    @nickmalone3143 9 часов назад

    Thanks for shorter intro ...

  • @mpiny
    @mpiny 14 часов назад

    Why you so obsessed about that 💩 buy LC

  • @MrRod-fj2ts
    @MrRod-fj2ts 12 часов назад

    Muuuuuahahahaha B...Y...D... is coming for CDJ at least....