The EV bubble bursts
Stellantis' third-quarter sales collapse this year is even more striking when compared to the second quarter. Revenue in Q3 fell to $36 billion, a sharp 23% decline from the $47 billion reported in Q2. Sales effectively collapsed during the summer, signaling a rapid downturn for the automaker.

One key factor behind Stellantis' limited and outdated product lineup was Tavares' unwavering commitment to an electric vehicle future. Several high-volume, gasoline-powered models were discontinued to make way for electric replacements that are still years away.

For example, the Chrysler 300 was phased out with plans for an electric successor in 2026, leaving dealers without a comparable product to sell in the interim. Similarly, the Dodge Charger and Challenger were discontinued in 2023 to make room for a future electric Charger, further shrinking the lineup. With the EV transition faltering, dealers now face an uncertain future and a glaring lack of viable products.

As Europe's electric vehicle bubble burst and consumers increasingly rejected EVs, especially with the decline of government incentives, Stellantis dealers called for relief from the strict EV mandates imposed on the industry. But, CEO Carlos Tavares refused to intervene.

In fact, Tavares took the opposite approach. While other automakers, including Volkswagen and Renault, urged European regulators to relax emissions mandates meant to drive the EV transition, Tavares redoubled Stellantis' commitment to the unobtainable goals.

"Electrification is a high-cost transition, and only those with the financial strength and vision to adapt quickly will survive in this environment," he said, signaling his belief that the company could outlast its competitors.

With Carlos Tavares unwilling to fight for Stellantis as the EV bubble burst, its European dealers were forced to take matters into their own hands. They appealed directly to the European Commission for relief from the impending 2025 emissions restrictions.

Quote from: Herman on December 14, 2024, 08:39:48 PMThe EV bubble bursts
Stellantis' third-quarter sales collapse this year is even more striking when compared to the second quarter. Revenue in Q3 fell to $36 billion, a sharp 23% decline from the $47 billion reported in Q2. Sales effectively collapsed during the summer, signaling a rapid downturn for the automaker.

One key factor behind Stellantis' limited and outdated product lineup was Tavares' unwavering commitment to an electric vehicle future. Several high-volume, gasoline-powered models were discontinued to make way for electric replacements that are still years away.

For example, the Chrysler 300 was phased out with plans for an electric successor in 2026, leaving dealers without a comparable product to sell in the interim. Similarly, the Dodge Charger and Challenger were discontinued in 2023 to make room for a future electric Charger, further shrinking the lineup. With the EV transition faltering, dealers now face an uncertain future and a glaring lack of viable products.

As Europe's electric vehicle bubble burst and consumers increasingly rejected EVs, especially with the decline of government incentives, Stellantis dealers called for relief from the strict EV mandates imposed on the industry. But, CEO Carlos Tavares refused to intervene.

In fact, Tavares took the opposite approach. While other automakers, including Volkswagen and Renault, urged European regulators to relax emissions mandates meant to drive the EV transition, Tavares redoubled Stellantis' commitment to the unobtainable goals.

"Electrification is a high-cost transition, and only those with the financial strength and vision to adapt quickly will survive in this environment," he said, signaling his belief that the company could outlast its competitors.

With Carlos Tavares unwilling to fight for Stellantis as the EV bubble burst, its European dealers were forced to take matters into their own hands. They appealed directly to the European Commission for relief from the impending 2025 emissions restrictions.

Werd on the street is Hellcat Engine orders are flying into Stelantis!!! Stay tuned for BIG SHIT!!!!

Quote from: Lokmar on December 14, 2024, 08:43:57 PMWerd on the street is Hellcat Engine orders are flying into Stelantis!!! Stay tuned for BIG SHIT!!!!

There aint no saving that company.

Quote from: Herman on December 14, 2024, 08:53:20 PMThere aint no saving that company.

You think? Maybe, we'll se tho!

Quote from: Lokmar on December 14, 2024, 09:24:19 PMYou think? Maybe, we'll se tho!

There aint no saving Stellantis.

Quote from: Herman on December 14, 2024, 09:48:50 PMThere aint no saving Stellantis.

I'm not confident that the horsepower gravy train will go on forever but hearing these new Hellcat Engine orders excites me! I'll have the ZLE paid off in 2025!!!!

Quote from: Lokmar on December 14, 2024, 09:52:07 PMI'm not confident that the horsepower gravy train will go on forever but hearing these new Hellcat Engine orders excites me! I'll have the ZLE paid off in 2025!!!!

They keep making bad decisions no matter who runs the company.

Quote from: Herman on December 14, 2024, 09:54:09 PMThey keep making bad decisions no matter who runs the company.

I dont disagree, but that stupid cunt Mary Barra is way ahead of them! GM doesnt even have a fucking car left after 2025 now that they've cancelled the malibu! The new Charger was built for an easy bolt in ICE!!!!!

Fury as California gets green light to ban all gas cars in Democrat state



Automakers are furious after California moved forward with plan to ban the sale of all gas-powered cars by 2035. 

The Environmental Protection Agency (EPA) on Wednesday granted two requests from California to enforce strict standards for vehicle emissions after it found opponents were not able to meet the legal burden to how it was inconsistent with the federal Clean Air Act.

'California has longstanding authority to request waivers from EPA to protect its residents from dangerous air pollution coming from mobile sources like cars and trucks,' EPA Administrator Michael Regan said in a statement.

'Today's actions follow through on EPA's commitment to partner with states to reduce emissions and act on the threat of climate change.'

https://www.dailymail.co.uk/news/article-14206999/california-green-light-ban-gas-cars-democrat-state.html

Quote from: Oliver the Second on December 18, 2024, 09:31:47 PMFury as California gets green light to ban all gas cars in Democrat state



Automakers are furious after California moved forward with plan to ban the sale of all gas-powered cars by 2035. 

The Environmental Protection Agency (EPA) on Wednesday granted two requests from California to enforce strict standards for vehicle emissions after it found opponents were not able to meet the legal burden to how it was inconsistent with the federal Clean Air Act.

'California has longstanding authority to request waivers from EPA to protect its residents from dangerous air pollution coming from mobile sources like cars and trucks,' EPA Administrator Michael Regan said in a statement.

'Today's actions follow through on EPA's commitment to partner with states to reduce emissions and act on the threat of climate change.'

https://www.dailymail.co.uk/news/article-14206999/california-green-light-ban-gas-cars-democrat-state.html

The last working stiff in Commiefornia will be out before then.