@@raycomeau6866and she and president of gm, Mark Royce have been net sellers of gm for years. I wonder who's in charge of pumping the stock with buybacks.🤔 YT channel Connecting The Dots shows evidence.
And also gets rid of almost all Dodge, Chrysler, and Fiat models in the US... Can't sell cars you don't have. Then raises the price on Jeep with their quality problems...
@@reaperthemad8731they’re just digging a deeper and deeper grave. And since they’re no longer American, I would pray that they NEVER qualify for a bailout.
The CEO should be on the chopping block. His so call leadership and vision lead to this disaster. Clueless on what North American customers want and need…Dodge, RAM, Chrysler and Jeep are no luxury brands but have pricing beyond mid and low income households.
@@reaperthemad8731pile of garbage based off stereotypes and lies ? Wow. That’s actually the best small suv out. You can’t get 268 HP , awd , 10.1 inch screens and push to start all standard in anything !! Calling it a pile of garbage when it has all that to offer shows the type of person you are. You clearly subscribe to consumer reports, Scotty Kilmer and other bs people.
Stellantis... You shouldn't have gotten rid of the Dodge Grand Caravan. It was a huge bread/butter in your sales and you replaced it with the over priced Pacifica that is $17K more in cost. No one wants a $50K family hauler. Way too much!
The majority of the minivans that Kia, Toyota, and Honda sell are their highest and second highest trim lines and those are all just below or well above $50K, It's a lot of money, but it's reasonable when you consider a small CUV like a RAV4 Prime or CR-V fully loaded costs the same and things like a Grand Highlander are cash cows for Toyota and easily over $60k when configured like the minivans. I would buy a $50K Pacifica if it were more reliable but it still has a lot of the Chrysler gremlins - for that price it has to be a Toyota or Honda. Those cheap Grand Caravans were great for rental fleets because they were dirt cheap, had enough power and space to move 8 people and rental companies dumped them after 3 years - but they didn't sell well to the consumer market.
@@Tokamak3.1415I would still buy a Carnival over a Pacifica discounted 10k less! Statistically, CDJR is just overall crap. But alas, I’m perfectly happy with our Sienna. Chrysler was NEVER on our shopping radar 😆
I remember when GM was the No.1 brand in China, I also remember when China was the only profitable market for GM and it saved the company (not US government bailout). History.
GM entered China in 1997, so more like 25 years ago, when the entire nation of China produced something like 500,000 passenger cars per year. And if you went back in time and told GM CEO in 1997 that by forming SAIC-GM, they would earn billions in profits from China with GUARANTEED growing sales for TWENTY YEARS, peaking at selling 4 million cars a year just in China by 2017, and only then starting to decline in sales, but still selling 2 million cars a year by 2023, and assuming then CEO John Smith Jr believe you, would he be jumping for joy or bemoaning what might happen to their China division 30 years in the future? I'm pretty sure he's gonna be more than happy with the hundred billion dollars of pure profit GM has earned in China over the years.
Chrysler needs to be American owned again. And improve their quality. They could easily stuff their portfolio with a full lineup like they had in the 90's, and it'd be like a whole new car company. But, again, they'd need to improve their quality.
Is not that easy I think is better off being owned by the Japanese and let the US military use Jeeps again, I thing Chrysler is better off being owned by Toyota.
Please see latest JAY LENO Vlogg the Police Pursuit Special is featured, sells about 30,000 units yearly I think, he was gifted the last one, I hear, he looks much older now IMHO.
@@Peteeboy2011 it was one of the last episodes on YT , Jay even drove the car, Dodge and Chryslers 300s are built in Brampton , Ontario Canada , not sure what they going to build there next, former Ontario resident here.
Europe should do to China what China has done to Europe for decades. Force Chinese car companies to operate through a joint venture created with a local European partner, with technology transfer as an explicit part of the deal.
Yeah Europe should definitely tell China that, and then have China laugh in their face, and proceed to squeeze VW, Merc, and BMW from the Chinese market in retaliation. You ever wondered why Germany has been hemming and hawing throughout this EU tariff investigation? Because they are worried about what China might do to them in retaliation and China is by far the largest revenue center for every single German automaker.
@@tren133 Of course China will retaliate. Everybody knows that. The point is China will f*ck Europe no matter what, so Europe might as well grow a backbone and at least put up a fight instead of just bending over as it's done for decades already. What's the alternative? China's gonna do everything to destroy Europe's industry REGARDLESS of what Europe does. China doesn't have trade partners. It sees everyone as enemies. My suggestion was that Europe should do exactly what China has done in the past, so at the very least it will have the excuse of China's own past policies as a precedent.
China is the world's largest auto market, Europe is not, China has the talent poor to refresh models twice a year, Europe does not. Copying Mike Tyson's moves without Mike Tyson's body will just get you killed.
So Stellantis is going to cut prices? I wish I knew someone how wanted one of the vehicles so I could warn them. I just don't know anyone who wants one.
A private property setting is just what they need. It's gonna be at least 50 years before a car with no steering wheel will be safe on unmapped roads, except where the roads are purpose made for AV operation. Unless they pay people in Bangladesh (or Mississippi) to drive them by remote control - like those pilots in Colorado who drop all those bombs ten thousand miles away.
Risk of liability . Disney is wiser about accident lawsuits in their facilities. Besides , Golf Carts do a better job anyways , and cost a whole lot less to purchase and maintain.
From one government affiliated entity to another. Bet there would be a whole LOT of padded pockets for everyone in that little deal.. is that laundry I smell.. Nope, just the money being laundered around.
I see signs of a 2008 economic crisis ahead this Summer... Soft car sales, inflationary pressures and a sputtering real estate sector are troublesome before we even talk about the looming commercial real estate debt crisis which comes to a head next year...
Over 2200 Walgreens shutting down, over 600 Family Dollars closing, Big Lots closing 142 stores, Conn's/Badcock Home Good Stores closing 600 stores by October 31, Rue 21 closed 534 stores since filing bankruptcy in May, Footlocker shutting around 600 locations, Red Lobster already shutdown over 100 locations and more coming. We have had Joann's Fabric store file bankruptcy(over 600 stores and many will close), 99 cent stores just went out of business and closed down over 500 stores, Macy's is closing 150 locations. I keep up with these retail closings daily and lot of retail companies are having financial hardships and shuttering locations quietly.
I tested a Plaid in UK, I couldn't afford one but you've gotta do your own research.😉 The stalk Vs button issue is the same issue as driving a car that's got the indicator on the opposite side from the last car you drove. But that issue doesn't create trolls.
If you pushed out of Chinese car market {30% of global car market and 60% of EV market}, you can't be major or global car brand. As long as there are global car brand that is survived in China, it's always gonna be bigger than everyone.
Chinese cash for clunkers sounds good! It helps environmentally, stimulates consumer demand, and soaks up some domestic manufacturing capacity everyone's so concerned about.
It also makes the Chinese help prepare for world domination in NEVs, Japan and Europe are terrified and the Detroit Legacy brands are behind the 100%tarriffs if you ask me- to buy time to catch up in BEVs.
@@davidmann4533 Yes, it was interesting because after a major illness I took a job selling cars until I could get back on my feet. Had the best months selling and out sold everyone else. I guess I was just glad to be alive or too clueless to understand what the market was doing and I just pressed on regardless.
"What brands do you think are on the chopping block?" My TWO local Alfa Romeo dealers (Golling and Genesis) are sold out of Giulias and Stelvios, but overflowing with Tonales...
Stellantis cut RD to show a quick profit and invested in European brands. They squeezed the US brands for every penny. Now they are cutting them. Tarvaris is the one that should go.
How we got here is one for the ages with Stellantis, but I think Chrysler is the next one to get the axe. What product do they have now that the 300 is gone? Just a minivan… and one that’s passing 7 years at that… Supposed to be an EV suv coming but not really sure how that can make money for them?
The high prices isn't just a reflection on corporate greed, it's also a reflection on the true value of US dollar without China artificially propping up its value prior to unloading all UST
Why are sales down? Over priced, low quality. Too expensive to own and maintain. Bodies and frames rot much sooner than they should. Buying a new vehicle is a bad investment. And all manufacturers are guilty of these issue's. Forget all this new nonsense technology and go back to making vehicle's that are affordable and economical to maintain. Then maybe people will feel better about buying new cars again.
Nice to see someone acknowledge that this a tough time for all car companies. Instead of just dumping on tesla as though it specificly is performing badly
Part of the optimistic views fir 2024 was caused by the belief the Fed would cut interest rates some, but nothing so far. The bigger factor for fallibg sales at companies like Stellantis is greedflation. Another factor kiling sales is banking having to tighten up standards. The skyrocketing default rate by consumers and dealerships is sending chills throughout automotive sales. Since the vast majority of consumers and dealers finance their vehicles, having less access to loans and the higher interest rates on these loans is crippling sales.
Fiats in Brazil are actually reliable. The brand retains the largest market share in a very brand competitive environment. And their model lineup is quite deep. The problem, as usual , is Stellantis’ North American ( read USA ) operation. It loses money, unreliable vehicles.
Seems like Maserati could be sold. And that Chrysler is such an old iconic (or perhaps the opposite) brand, that being shut down would be quite a milestone.
Most large builders would be wise to trim brands and to simplify their trim levels/options. Brands like Porsche has a customer base who seems to enjoy paying high prices to have a wide range of options, most do not. Less options and less brands can help save costs while giving the consumer a better experience.
Why is it obvious to get rid of Maserati? It's their Halo brand. They need to stop trying to move it down-market and let Alfa Romeo occupy the Italian every luxury space. The two obvious brands for axing are Chrysler and Lanciia. Between the two of them they have, what, three or four models left?
Why ? So they can overpay on labor, in an industry wil the lowest profit margins , where you have to reinvest over a billion in product every six years ? Any big tech company earns far more in returns. Plus auto makers market cap values are lame , if compared to big tech. Bet your bottom dollar Ford won’t be around as a car maker for long. They will be an automotive systems and components company. It they get on their heels timely.
Stellantis should be talking to Chrysler AND Dodge about ditching them. Make the USA put up or shut up. Last I heard Dodge has NO PRODUCT TO SELL next year unless you count the Alfa called a Hornet . If you think that Dodge Charger will drop in a year or so forget it. They don't even know what that car is and they have zero experience with EVs. Bye Bye Mopar.
very little of a car is made by the manufacture itself. Basically the chassis, engine, and occasionally the transmission. Everything from the seats, windshields, alternator, fuel pump, etc it made by suppliers
They need to stop investing so much in putting 48” screens in the cars, self driving, 10sp transmissions, hybrids, etc. and just make an affordable, reliable vehicle. That is really what the people want.
GM can't get their freaking software to work.... that's why they shutdown Origin. Regulators are fine with allowing non-steering wheel vehicles IF there is a way to control them if needed. Let's face it....GM could slap in a retractable or foldable steering wheel and pedals that could be deployed in an emergency. That they didn't says that their software sucks!
LOL!!! All I can say to you is ask someone who has a Tesla with FSD to take you for a drive with it in the city on city streets. With all the pedestrians, turning lanes, traffic, stop lights, etc. Now try that same route with Blue Cruise. Oh wait...BC only works on highways (not even a lot of secondary ones) and even there it won't pass people. It doesn't know what a stop light or stop sign is and can't handle the slightest road construction signs. It even has trouble taking a sharp bending turn on those highways. As to BC getting a higher safety rating was specifically (by Consumer Reports) because they were only testing the plain Jane Autopilot that comes for free with all Teslas. They weren't testing FSD. CR said that BC tracked your eyes to make sure you were paying attention to the road and that made it better. Good idea and credit where it is due. However Tesla now has this same feature in the latest v12.5 and higher FSD. It will be interesting to see if that changes the ratings. But then again Tesla won't stop there as it fully intends to totally automate driving to where you can sit in any seat. I sincerely doubt BC will ever do that.
The European management at Stellantis is completely out of touch with traditional MOPAR customers. The Chrysler and Dodge brands are toast - due to the lack of suitable replacements for the Charger and Chrysler 300. I can't see a Charger owner trading in their vehicle for a Dodge Hornet. The Hornet will be lucky to achieve 20,000 in sales for 2024. Not a good start.
Death spiral of legacy auto industry in progress. OEM contraction compounded by supplier shrinkage sounds like an industry recession, if not total collapse, is imminent. Even tariff protections will not help if US consumers can't afford expensive unreliable obsolete tech ICE cars, carrying high interest rates for financing with overpriced insurance.
2 месяца назад+6
The "death spiral" of legacy automakers that are showing incredible profit while the prominent EV maker is down 45%.
Yes, profits that will go to stock buybacks and executive compensation rather than reinvesting for the future. Tariff protection will only slow the inevitable. There will be far fewer profitable quarters going forward, my freind.
Most people buy a car on credit. Interest rates are too high, so people are keeping their current cars. The government is causing the trouble, but it would be terrible if they bailed the companies out. That’s paid for with our taxes.
The Fed is not exactly the same as the government. But yeah, it does seem as if the Fed has made a big blunder. We'll see if the economy can survive it.
Dodge, Chrysler, Ram, Fiat, blah blah blah has always been just total junk. They want to be junk. I had a friend whose dad worked at GM. They would buy the competitors trucks to disassemble and study. The group asked why didnt didn't buy a Dodge to study. The head honcho said..."we don't worry about Dodge...they cut corners that non of us (Ford/GM) would ever stoop to. He said they only occasionally studied the performance and braking of the cummins chassis. None other the other Dodge variant of trucks. But I'm sure they do actually. But not as much as the top other brands. If you know what I mean.... Anyways, I have some friends there are wealthy and own a massifs collection of old and new Jeeps. The horror story with these new Jeeps. Absolute horror stories. Junk. Corrupt management. Incompetent. They must make some kind of profit off of the service and parts. They must be reliant on that more than selling the actually vehicle. Get the customer as hard and fast as possible before they never rebuy the brand.
The reason for lay offs and plant closures is due in large part to the UAW strike, that cost each of the big three 1 Billion Dollars over 4 year contract. recently startup battery plants have closed before they were finished other plants in the big three have also closed these same companies have laid off over 500k of employees without any chance of being re hired.Always remember this both sides lose in a strike No one wins. The UAW thought these three auto makers could afford there demands but in reality the big three all have investors and they will always get paid 1st. And that is why the cut backs and plant closures are happening and will continue.
What kind of thinking would expect chrysler to make money with 1 model. This has been their plan all along so they dont get blamed for closing an iconic american brand. Tavares is a joke and clearly doesnt understand the north American market
Still over a BILLION in NET PROFIT… Stellantis made a net profit of 8.3 billion in 2023, that is the amount of money after they’ve paid all their obligations and taxes but that isn’t good enough. Investors are like crackheads always chasing more.
Who decides what products chrysler brings to market? Im sure its stellantick🤔 Those big expensive jeeps shoulda been brought to market as chryslers stellantick has been starving chrysler of product
in gm’s case, i find it upsetting that they have given us as american customers virtually no options for vehicles, we just get to choose which $80,000 SUV or truck we want in america while gm in somewhere like china is offering a plethora of different vehicle types, platforms, prices, etc. They are putting all effort and creative choices towards those markets and we just get the severely watered down versions. For example: Buick sedans…
Their GM cars just weren’t good compared to Asian competitors. And GM owns all kinds of other brands that build good small cars so this shouldn’t be hard but it was impossible for them somehow. Decent is the best it ever got for GM cars.
Don’t own a Tesla never will just follow their progress could care less if they go broke but the 10k is the 10k and facts are facts . They had a record revenue quarter period and Energy grew 100% in 90 days with 50% of the rev not even shown so post all you like but try a bit of research too .
I forgot, Elon said Tesla is not a car company anymore, its, wait, an energy company? No wait robotics company, no that's not it, Oh yeah we are an A.I. company.
![FNAF vs TF2 - Episode 2 [SFM]](http://i.ytimg.com/vi/z5b3V2-VLb0/mqdefault.jpg)
And amazingly, no cut in CEO salaries. It's a miracle, I tell you.
All those CEO's must have gone to Lourdes, France because it surely is a miracle.
Mary Barra only made $27 million last year !!!
@@raycomeau6866and she and president of gm, Mark Royce have been net sellers of gm for years.
I wonder who's in charge of pumping the stock with buybacks.🤔
YT channel Connecting The Dots shows evidence.
@@raycomeau6866poor little girl!!
But… Biden said “you lead” 😅😂
Instead $6 billion in stock buy back for quick cash for the stock holders. Lmao. Average Capitalism right there.
Automakers wanted to find out "how much consumers would pay" and they found out.
the hard way!
Ha ha...greedy bastards.
"Why isn't anyone buying our 80K trucks?"
@@gildardo Maybe they don't want to be seen in anything less than 100k?
@@frankcoffey Indeed.
Stellantis: makes crappy vehicles
Stellantis: gets mad crappy vehicles don’t sell
Ha-ha-ha; you hit the nail on the head!!! 👍👍
Then buys a Chinese brand
And also gets rid of almost all Dodge, Chrysler, and Fiat models in the US... Can't sell cars you don't have. Then raises the price on Jeep with their quality problems...
@@reaperthemad8731they’re just digging a deeper and deeper grave.
And since they’re no longer American, I would pray that they NEVER qualify for a bailout.
Stellantis: needs to go pound sand
Did they really expect $50k-70k Wranglers and Gladiators to fly off the lots?
Yes. They did. And look at how full lots are now. Short term thinking
Yea because apparently every American has a spare 95,000$ to spend, while we can’t feed our kids let alone clothe ourselves.
Maga rdnecks love them
They over estimated the number of units, but the fact is, people bought them.
@@evanetter I had one as a rental last year with maybe 30,000 miles. What a garbage thing. Never again
How incompetent do you have to be, to build a vehicle without first finding out if it will be legal?
GM and Stellantis seem to have carved out a clear path to insolvency prior to bankruptcy.
The Chinese SAIC will buy GM. Same as Haier did to G&E appliances unit. And American brand owned by a Chinese conglomerate.
US government wont allow that happen
@@marjanperveinis8355Government bailouts of course.
No reason to run efficient company when government ready to bail out. Ms Barra great DEI hire. Has made one bad decision after another.
@@MichaelSr-sp5pw - That might just happen to fail this time around. Trump might advise collecting unemployment instead and not trying to unionize it.
The CEO should be on the chopping block. His so call leadership and vision lead to this disaster. Clueless on what North American customers want and need…Dodge, RAM, Chrysler and Jeep are no luxury brands but have pricing beyond mid and low income households.
Nobody wants Chrysler… all they make now is a minivan..
@@dtomaz1 someone should tell the UAW with premium wages.
Dodge has had brand identity issues for decades. Italian Hornets badged as Dodges don't help. And Chrysler has been killed by lack of product.
Dodge is known around my neck of the woods as the car of Hillbillies; loud, obnoxious and troublesome.
Also the Hornet is a huge pile of garbage. Italian reliability with French build quality, ooooh boy.
@@reaperthemad8731pile of garbage based off stereotypes and lies ? Wow. That’s actually the best small suv out. You can’t get 268 HP , awd , 10.1 inch screens and push to start all standard in anything !! Calling it a pile of garbage when it has all that to offer shows the type of person you are. You clearly subscribe to consumer reports, Scotty Kilmer and other bs people.
I have yet to lay eyes on a Dodge Hornet on the road.
@@denisosullivan2956 that’s sad. I see them here in Detroit and they look awesome
People: we want affordable and reliable cars.
Stellantis: Best I can do is overpriced disposable garbage.
Stellantis... You shouldn't have gotten rid of the Dodge Grand Caravan. It was a huge bread/butter in your sales and you replaced it with the over priced Pacifica that is $17K more in cost. No one wants a $50K family hauler. Way too much!
The majority of the minivans that Kia, Toyota, and Honda sell are their highest and second highest trim lines and those are all just below or well above $50K, It's a lot of money, but it's reasonable when you consider a small CUV like a RAV4 Prime or CR-V fully loaded costs the same and things like a Grand Highlander are cash cows for Toyota and easily over $60k when configured like the minivans. I would buy a $50K Pacifica if it were more reliable but it still has a lot of the Chrysler gremlins - for that price it has to be a Toyota or Honda. Those cheap Grand Caravans were great for rental fleets because they were dirt cheap, had enough power and space to move 8 people and rental companies dumped them after 3 years - but they didn't sell well to the consumer market.
@@Tokamak3.1415I would still buy a Carnival over a Pacifica discounted 10k less! Statistically,
CDJR is just overall crap.
But alas, I’m perfectly happy with our Sienna. Chrysler was NEVER on our shopping radar 😆
And considering they were made in Ontario.
My wife always had one.now she is driving a Acura suv
I still drive a 2016 model , good cheap vehicle.
No WAY I'd use a DRIVERLESS VEHICLE
Most of the cars available on the lot are overpriced by 10~15% so let them keep quibbling about no one buying
Just 10-15%? You sure?
I think it’s more than 15% over priced more like 30 - 35% over priced !
Try 40 to 50%.
I remember when GM was the No.1 brand in China, I also remember when China was the only profitable market for GM and it saved the company (not US government bailout). History.
History. CCP stole technology from every western company that located there.
If only GM would have looked into their China crystal ball 40 years ago.
40 years ago, who would think EV will take off when GM chop the Ev1
@@林振华-t4vGM pioneered the Skateboard as well , but somehow fumbled it, that was around the EV 1 timeor just before if I'm not wrong 🤔
GM entered China in 1997, so more like 25 years ago, when the entire nation of China produced something like 500,000 passenger cars per year. And if you went back in time and told GM CEO in 1997 that by forming SAIC-GM, they would earn billions in profits from China with GUARANTEED growing sales for TWENTY YEARS, peaking at selling 4 million cars a year just in China by 2017, and only then starting to decline in sales, but still selling 2 million cars a year by 2023, and assuming then CEO John Smith Jr believe you, would he be jumping for joy or bemoaning what might happen to their China division 30 years in the future?
I'm pretty sure he's gonna be more than happy with the hundred billion dollars of pure profit GM has earned in China over the years.
@@tren133 You make good points.
@@tren133so why the hell did we, American taxpayers, pay for their bailout?
Chrysler needs to be American owned again. And improve their quality. They could easily stuff their portfolio with a full lineup like they had in the 90's, and it'd be like a whole new car company. But, again, they'd need to improve their quality.
They need a Lee Iacocca. Every car company needs a Lee Iacocca.
No one needs Chrysler
Is not that easy I think is better off being owned by the Japanese and let the US military use Jeeps again, I thing Chrysler is better off being owned by Toyota.
@@EmbargomanToyota knows better than to swim in a cesspool made by stellantis.
Too little too late. I wonder if a China company will buy the assets out of bankruptcy?
Dump Maserati
Chrysler used to be good, but how can you make $ when they only have ONE model to sell
Please see latest JAY LENO Vlogg the Police Pursuit Special is featured, sells about 30,000 units yearly I think, he was gifted the last one, I hear, he looks much older now IMHO.
@@AuralioCabalno model can survive on 30k a year.
When was that
@@Peteeboy2011 it was one of the last episodes on YT , Jay even drove the car, Dodge and Chryslers 300s are built in Brampton , Ontario Canada , not sure what they going to build there next, former Ontario resident here.
Europe should do to China what China has done to Europe for decades. Force Chinese car companies to operate through a joint venture created with a local European partner, with technology transfer as an explicit part of the deal.
Yep, that will work for sure
Yeah Europe should definitely tell China that, and then have China laugh in their face, and proceed to squeeze VW, Merc, and BMW from the Chinese market in retaliation. You ever wondered why Germany has been hemming and hawing throughout this EU tariff investigation? Because they are worried about what China might do to them in retaliation and China is by far the largest revenue center for every single German automaker.
@@tren133 Of course China will retaliate. Everybody knows that. The point is China will f*ck Europe no matter what, so Europe might as well grow a backbone and at least put up a fight instead of just bending over as it's done for decades already. What's the alternative? China's gonna do everything to destroy Europe's industry REGARDLESS of what Europe does. China doesn't have trade partners. It sees everyone as enemies.
My suggestion was that Europe should do exactly what China has done in the past, so at the very least it will have the excuse of China's own past policies as a precedent.
Rather have china buy vw bmw and merc 😂
China is the world's largest auto market, Europe is not, China has the talent poor to refresh models twice a year, Europe does not.
Copying Mike Tyson's moves without Mike Tyson's body will just get you killed.
2:00 That picture sure makes it look like Origin is about to get the EV1 treatment.
GM leads briefly then cancels the project.
2024 year of carnage for auto manufacturers.
Even Toyota is quaking lol
So Stellantis is going to cut prices? I wish I knew someone how wanted one of the vehicles so I could warn them. I just don't know anyone who wants one.
Funny, I do, stop saying stuff just to say stuff, unless everyone you know’s a tree hugger
@@taniabanes4707 You can always count on Frank for a comment, it's usually off topic or non sequitur but he posts it anyway.
Stellantis makes amazing Cars!Mindblowing and gamechanging!
@@BrunoHeggli-zp3nl Yes, the game sure have changed for them.
@@frankcoffey I cant get enough from Stellantis!Just pure magic!
Direct to consumer sales is what we want.
JD POWERS lol😂 the pay to play company.
Finally someone agrees with me!!!!
They were relevant when you couldn’t read reviews on the Internet. It’s dinosaur Legacy media.
I hope GM can sell those vehicles to Disney or somebody who can use them on a private property situation. Hate to see them just get scrapped.
GM loves scrapping VeeHickles! That's what they know how to do best!
I don't think anyone needs those nannymobiles
A private property setting is just what they need.
It's gonna be at least 50 years before a car with no steering wheel will be safe on unmapped roads, except where the roads are purpose made for AV operation.
Unless they pay people in Bangladesh (or Mississippi) to drive them by remote control - like those pilots in Colorado who drop all those bombs ten thousand miles away.
Risk of liability . Disney is wiser about accident lawsuits in their facilities. Besides , Golf Carts do a better job anyways , and cost a whole lot less to purchase and maintain.
From one government affiliated entity to another.
Bet there would be a whole LOT of padded pockets for everyone in that little deal.. is that laundry I smell..
Nope, just the money being laundered around.
That vette doesn't look like a split window. Looks more like a full rear window with an accent louver overlaying the center of the window.
Legacy auto has crushing debt unsustainable under collapsing sales. Consolidation, bailouts and bankruptcy ahead.
And not to forget new UAW contracts that raise salaries of production workers to nearly $50 a hour.
Stellantis, then FCA, and GM got a fresh start on the debt front in 2009. So, they just dug themselves a fresh hole.
I see signs of a 2008 economic crisis ahead this Summer... Soft car sales, inflationary pressures and a sputtering real estate sector are troublesome before we even talk about the looming commercial real estate debt crisis which comes to a head next year...
Over 2200 Walgreens shutting down, over 600 Family Dollars closing, Big Lots closing 142 stores, Conn's/Badcock Home Good Stores closing 600 stores by October 31, Rue 21 closed 534 stores since filing bankruptcy in May, Footlocker shutting around 600 locations, Red Lobster already shutdown over 100 locations and more coming. We have had Joann's Fabric store file bankruptcy(over 600 stores and many will close), 99 cent stores just went out of business and closed down over 500 stores, Macy's is closing 150 locations. I keep up with these retail closings daily and lot of retail companies are having financial hardships and shuttering locations quietly.
The Commercial crisis is already ongoing with no sight on end.
The Origin robotaxi could have been awesome. Another GM failure.
And now a tesla failure.
GM has the inverted Midas touch: everything it touches turns to s**t!
FSD is still at least few decades away, most people don't agree, though.
@@YSKWatch That's one of many facts the tesla fanboys are in denial about.
Unlike the Tesla RoboTaxi, a real success, not a single unsatisfied customer since 2017, the year they took over, right?
Updated Tesla's don't have turn signal stalks...
I tested a Plaid in UK, I couldn't afford one but you've gotta do your own research.😉
The stalk Vs button issue is the same issue as driving a car that's got the indicator on the opposite side from the last car you drove.
But that issue doesn't create trolls.
@@andrewsaint6581 Until you have to activate the signal with the wheel turned...
No one cares
The way to sell more vechiles is make them affordable it's crazy to spend over 50 thousand for a vechile it's just crazy
If you pushed out of Chinese car market {30% of global car market and 60% of EV market}, you can't be major or global car brand. As long as there are global car brand that is survived in China, it's always gonna be bigger than everyone.
Chinese cash for clunkers sounds good! It helps environmentally, stimulates consumer demand, and soaks up some domestic manufacturing capacity everyone's so concerned about.
It also makes the Chinese help prepare for world domination in NEVs, Japan and Europe are terrified and the Detroit Legacy brands are behind the 100%tarriffs if you ask me- to buy time to catch up in BEVs.
Interest rates, most people are payment buyers and the rates are high.
In 1981 interest rates topped at 18% 😂
@@davidmann4533 Yes, it was interesting because after a major illness I took a job selling cars until I could get back on my feet. Had the best months selling and out sold everyone else. I guess I was just glad to be alive or too clueless to understand what the market was doing and I just pressed on regardless.
Vauxhall, Maserati, DS, Dodge, Chrysler......
"What brands do you think are on the chopping block?"
My TWO local Alfa Romeo dealers (Golling and Genesis) are sold out of Giulias and Stelvios, but overflowing with Tonales...
Maserati, Lancia and DS
How's the stock of Tortillas?
Did you mean Toenails? 🦶
@@2cartalkersyup, given Italian unreliability, “toe nail” is a fitting pronunciation.
@@donkedic1 la storia della mia vita
Tesla's Q2 was good in all but 1 metric. Far from disastrous.
They only talk about the “disastrous” statistic. And then wonder why Tesla (and BYD) are the only ones making money on EVs.
Stellantis cut RD to show a quick profit and invested in European brands. They squeezed the US brands for every penny. Now they are cutting them. Tarvaris is the one that should go.
The new Corvette is simply amazing! I never thought I'd see newer car's exceed older car's in HP. With 1064 HP the Corvette blew everything away.
People talk smack about Tesla but Tesla is only globally competitive American auto maker. 😂
Pretty soon we will need Autoline US and then Autoline China
automakers are so out of touch with what people can afford
How we got here is one for the ages with Stellantis, but I think Chrysler is the next one to get the axe. What product do they have now that the 300 is gone? Just a minivan… and one that’s passing 7 years at that… Supposed to be an EV suv coming but not really sure how that can make money for them?
The high prices isn't just a reflection on corporate greed, it's also a reflection on the true value of US dollar without China artificially propping up its value prior to unloading all UST
Why are sales down? Over priced, low quality. Too expensive to own and maintain. Bodies and frames rot much sooner than they should. Buying a new vehicle is a bad investment. And all manufacturers are guilty of these issue's. Forget all this new nonsense technology and go back to making vehicle's that are affordable and economical to maintain. Then maybe people will feel better about buying new cars again.
$60,000 per unit? Keep 'em. Old ones were built better anyway.
Chrysler was already dead. They only sell one van and that's it.
Nice to see someone acknowledge that this a tough time for all car companies. Instead of just dumping on tesla as though it specificly is performing badly
GREAT SHOW THANKS FOR ALL YOUR INFO REGARDS
Part of the optimistic views fir 2024 was caused by the belief the Fed would cut interest rates some, but nothing so far.
The bigger factor for fallibg sales at companies like Stellantis is greedflation.
Another factor kiling sales is banking having to tighten up standards. The skyrocketing default rate by consumers and dealerships is sending chills throughout automotive sales. Since the vast majority of consumers and dealers finance their vehicles, having less access to loans and the higher interest rates on these loans is crippling sales.
Quality: let’s combine Chrysler, Dodge and Fiat. What could go wrong.
Fiats in Brazil are actually reliable. The brand retains the largest market share in a very brand competitive environment. And their model lineup is quite deep.
The problem, as usual , is Stellantis’ North American ( read USA ) operation. It loses money, unreliable vehicles.
If StellaVares cut Chrysler, say goodbye to to 1/3 of the in-house US electric credits with the PHEV van ending ….
The problem is pricing is just to expensive.
Seems like Maserati could be sold. And that Chrysler is such an old iconic (or perhaps the opposite) brand, that being shut down would be quite a milestone.
Housing is eating at our wallets and we don’t make much. We don’t have money to buy your 60-90k trucks.
Why did Ford stock go down 20%!?? No mention of it in this video??
Because of the recalls on their engines 😂😂😂 not surprising. Their purposely failed engines have caught up with them
Most large builders would be wise to trim brands and to simplify their trim levels/options.
Brands like Porsche has a customer base who seems to enjoy paying high prices to have a wide range of options, most do not. Less options and less brands can help save costs while giving the consumer a better experience.
Why is it obvious to get rid of Maserati? It's their Halo brand. They need to stop trying to move it down-market and let Alfa Romeo occupy the Italian every luxury space.
The two obvious brands for axing are Chrysler and Lanciia. Between the two of them they have, what, three or four models left?
NO BODY DID MORE FOR DODGE THEN AL BUNDY //4 TOUCH DOWNS IN 1 GAME//BUNDY BUNDY
Congratulations GM for building the ZR1.
Remember when cars were manufactured in the United States? I do, and sales were a lot more achievable and vehicles were affordable.
What GM build with it's new Chewy Corvette ZR1 is just crazy 😂😊❤❤
Chrysler and Dodge are American brands they should sell it to an American investor
Why ? So they can overpay on labor, in an industry wil the lowest profit margins , where you have to reinvest over a billion in product every six years ?
Any big tech company earns far more in returns. Plus auto makers market cap values are lame , if compared to big tech.
Bet your bottom dollar Ford won’t be around as a car maker for long. They will be an automotive systems and components company. It they get on their heels timely.
Chrysler USED to mean cutting edge engineering with other marks playing catch up. If they get back to that they can survive.
Stellantis should be talking to Chrysler AND Dodge about ditching them. Make the USA put up or shut up. Last I heard Dodge has NO PRODUCT TO SELL next year unless you count the Alfa called a Hornet . If you think that Dodge Charger will drop in a year or so forget it. They don't even know what that car is and they have zero experience with EVs. Bye Bye Mopar.
Split off the European brands from the USA brands. Alfa Romeo is not a crown jewel! No matter what the CEO thinks.
What model of Jaguar scored that high? Because you guys just reported that they’re scrapping all but 1 model in the U.S. lol
Everyone got poor because of these over priced clunkers made by the big 3 and the UAW.
UAW has nothing to do with China
GM brand not even sold in Australia for 4years now. That’s how bad they are.
When it requires a loan equivalent to what you once borrowed to buy a house, the line to buy gets a lot shorter.
Fake car branding should be illegal. GM, Honda, Toyota, BMW,Fisker and Subaru EV's are all being made by other companies with their name on it.
Its normal business. Badge engineering saves loads of money.
very little of a car is made by the manufacture itself. Basically the chassis, engine, and occasionally the transmission. Everything from the seats, windshields, alternator, fuel pump, etc it made by suppliers
@@JD-yx7be Tesla is the only company that makes the majority of their car parts.
They need to stop investing so much in putting 48” screens in the cars, self driving, 10sp transmissions, hybrids, etc. and just make an affordable, reliable vehicle. That is really what the people want.
stelantis is the new 80's GM
GM can't get their freaking software to work.... that's why they shutdown Origin.
Regulators are fine with allowing non-steering wheel vehicles IF there is a way to control them if needed.
Let's face it....GM could slap in a retractable or foldable steering wheel and pedals that could be deployed in an emergency. That they didn't says that their software sucks!
Even Mary was able to get a permit to operate autonomously in California. Adrian not smart enough to fill out the form.
Mary Barra is lying through her teeth. Autoline needs to start calling her and GM out on it!
that's what I thought, adding few hardware is easy specially they can be drive by wire. the problem must be somewhere else.
The GM Blue Cruise is rated high than tesla's Fake Self Driving.
LOL!!! All I can say to you is ask someone who has a Tesla with FSD to take you for a drive with it in the city on city streets. With all the pedestrians, turning lanes, traffic, stop lights, etc. Now try that same route with Blue Cruise.
Oh wait...BC only works on highways (not even a lot of secondary ones) and even there it won't pass people. It doesn't know what a stop light or stop sign is and can't handle the slightest road construction signs. It even has trouble taking a sharp bending turn on those highways.
As to BC getting a higher safety rating was specifically (by Consumer Reports) because they were only testing the plain Jane Autopilot that comes for free with all Teslas. They weren't testing FSD. CR said that BC tracked your eyes to make sure you were paying attention to the road and that made it better. Good idea and credit where it is due. However Tesla now has this same feature in the latest v12.5 and higher FSD. It will be interesting to see if that changes the ratings. But then again Tesla won't stop there as it fully intends to totally automate driving to where you can sit in any seat. I sincerely doubt BC will ever do that.
Lancia and DS are the 2 obvious brands to sell off or shut down. They are minuscule
Chrysler is slated for the chopping block but they will sell off Maserati instead of shutting it down.
GM's self-driving ambitions are totally unBarrable. A comically terrible CEO at the helm there.
She must be a Chinese plant. The grand master plan is to run the company to the ground so they can buy out the company’s US shares at discount.
Teslas q2 had record revenue and $3b in cash added. Disastrous?
45% decline in profit from 5% decline in sales, YOY. Not good.
The European management at Stellantis is completely out of touch with traditional MOPAR customers.
The Chrysler and Dodge brands are toast - due to the lack of suitable replacements for the Charger and Chrysler 300. I can't see a Charger owner trading in their vehicle for a Dodge Hornet. The Hornet will be lucky to achieve 20,000 in sales for 2024. Not a good start.
European management at Stellantis is completely out of touch - PERIOD!
Death spiral of legacy auto industry in progress. OEM contraction compounded by supplier shrinkage sounds like an industry recession, if not total collapse, is imminent. Even tariff protections will not help if US consumers can't afford expensive unreliable obsolete tech ICE cars, carrying high interest rates for financing with overpriced insurance.
The "death spiral" of legacy automakers that are showing incredible profit while the prominent EV maker is down 45%.
Yes, profits that will go to stock buybacks and executive compensation rather than reinvesting for the future. Tariff protection will only slow the inevitable. There will be far fewer profitable quarters going forward, my freind.
It depends. China is threatening to bring low cost budget EV's to our shores when American demand has returned to ICE and hybrid.
Lol right. GM sales this past quarter were great! And Fords as well! ICE victory! No one wants bs evs.
@@Thunderrolls87 ice sales are up 0.1% nothing to ride home about
Drive by wire would make the Orin retrofit simple
Chrysler has no products anymore. Easy cut for them. They screwed up not selling their 200 and Dart products.
Most people buy a car on credit. Interest rates are too high, so people are keeping their current cars. The government is causing the trouble, but it would be terrible if they bailed the companies out. That’s paid for with our taxes.
The Fed is not exactly the same as the government.
But yeah, it does seem as if the Fed has made a big blunder. We'll see if the economy can survive it.
Dodge, Chrysler, Ram, Fiat, blah blah blah has always been just total junk. They want to be junk. I had a friend whose dad worked at GM. They would buy the competitors trucks to disassemble and study. The group asked why didnt didn't buy a Dodge to study. The head honcho said..."we don't worry about Dodge...they cut corners that non of us (Ford/GM) would ever stoop to. He said they only occasionally studied the performance and braking of the cummins chassis. None other the other Dodge variant of trucks. But I'm sure they do actually. But not as much as the top other brands. If you know what I mean.... Anyways, I have some friends there are wealthy and own a massifs collection of old and new Jeeps. The horror story with these new Jeeps. Absolute horror stories. Junk. Corrupt management. Incompetent. They must make some kind of profit off of the service and parts. They must be reliant on that more than selling the actually vehicle. Get the customer as hard and fast as possible before they never rebuy the brand.
GM gave up its technology to get there, Now, what they gave up may force them to leave.
Don't know what happened to Chrysler but now it's Fiat, Stelantis, Ram, Wagoneer - and they are complete trash.
If the new ZR1 cots less than 200 grand , that will be the best bang for the buck.
I’m confused. Did they not know what the requirements were for the robo taxi to be legal… before they started making it?
Need to end the EV mandates and break the unions.
The reason for lay offs and plant closures is due in large part to the UAW strike, that cost each of the big three 1 Billion Dollars over 4 year contract. recently startup battery plants have closed before they were finished other plants in the big three have also closed these same companies have laid off over 500k of employees without any chance of being re hired.Always remember this both sides lose in a strike No one wins. The UAW thought these three auto makers could afford there demands but in reality the big three all have investors and they will always get paid 1st. And that is why the cut backs and plant closures are happening and will continue.
What kind of thinking would expect chrysler to make money with 1 model. This has been their plan all along so they dont get blamed for closing an iconic american brand. Tavares is a joke and clearly doesnt understand the north American market
Cant help but think that the ZR1 is a product that is trying to compete with EVs and set to lose, rather than an inspiring icon Corvette used to be.
The Shelby 1000 exists btw. Has so for many years. Whatever
Still over a BILLION in NET PROFIT… Stellantis made a net profit of 8.3 billion in 2023, that is the amount of money after they’ve paid all their obligations and taxes but that isn’t good enough. Investors are like crackheads always chasing more.
Who decides what products chrysler brings to market? Im sure its stellantick🤔 Those big expensive jeeps shoulda been brought to market as chryslers stellantick has been starving chrysler of product
9:00 Your verbal description left no clue of what people are doing?
in gm’s case, i find it upsetting that they have given us as american customers virtually no options for vehicles, we just get to choose which $80,000 SUV or truck we want in america while gm in somewhere like china is offering a plethora of different vehicle types, platforms, prices, etc. They are putting all effort and creative choices towards those markets and we just get the severely watered down versions. For example: Buick sedans…
Their GM cars just weren’t good compared to Asian competitors. And GM owns all kinds of other brands that build good small cars so this shouldn’t be hard but it was impossible for them somehow. Decent is the best it ever got for GM cars.
If Tesla was smart he would build a cheap gas truck
I love how car companies who can't make a decent regular car, tapping into the autonomous vehicle grift
The arrogance of dealers during covid thinking they could charge whatever they want,screw em,let the economy cirrect their mindset.
Disastrous ? Record revenue and Energy did 3.6 billion alone . 😊you guys are a joke
Factor out the severance packages and there is no miss !!
That’s a one time
These clueless posters live in a tesla fantasy world, their talking points are laughable.
Don’t own a Tesla never will just follow their progress could care less if they go broke but the 10k is the 10k and facts are facts . They had a record revenue quarter period and Energy grew 100% in 90 days with 50% of the rev not even shown so post all you like but try a bit of research too .
I forgot, Elon said Tesla is not a car company anymore, its, wait, an energy company? No wait robotics company, no that's not it, Oh yeah we are an A.I. company.
@@russh6414 I thought they were making fridges
New ZR1 looks pretty amazing. What’s that a $200k car now :-/