Stellantis to Idle its Illinois Assembly Plant Indefinitely, Citing the High Costs of Electric Vehicles

Automaker Stellantis, which is the parent company of the Chrysler Jeep, Dodge and Ram, announced on Friday it will stop production at its assembly plant in Belvidere, Illinois on February 28, 2023. The automaker has no formal plans to reopen the 5 million square foot factory and cited the rising costs of its shift to electric vehicles as the reason for the unexpected closure. Early this year, Stellantis announced plans to transform Chrysler into an electric-only brand by 2028.

FutureCar Staff 2022-12-09 14:00 PT

Munich-based Car Subscription Startup FINN Expands to the U.S., Will Offer Subscriptions for the Model 3, Model Y as Part of its Partnership With Tesla

German car subscription startup FINN today announced the official expansion of its popular service to the United States in conjunction with a growing network of auto manufacturers and dealership partners, including electric automaker Tesla Inc. FINN, which was founded in 2019 and headquartered in Munich, offers a car subscription model that allows customers to rent vehicles for 6 or 12 months with all expenses included with no hidden fees.

Eric Walz2022-01-19 10:00 PT

Stellantis's 4 New EV Platforms Will Each Support the Production of 2 Million Vehicles Per Year

The four new EV platforms first unveiled by automaker Stellantis in July are expected to each underpin the production of 2 million vehicles a year, the company's Chief Executive Carlos Tavares said on Wednesday. Stellantis aims to make the total cost of owning an electric vehicle equal to that of a gasoline-powered model by 2026.

Eric Walz2021-12-03 09:00 PT

Automaker Stellantis Announces its Bold EV Plans, Will Invest $35 Billion to Electrify its Global Vehicle Lineup

​Stellantis, which is now the world’s fourth biggest automaker, said on Thursday it plans to invest more than 30 billion Euros ($35.5 billion) through 2025 on electrifying its vehicle lineup. The company is following Volkswagen, General Motors, Volvo and other global automakers that are investing billions to develop new electric vehicles.

Eric Walz2021-08-14 10:00 PT

Newly Formed Auto Group 'Stellantis' Debuts on European Stock Markets, Shares Rise Nearly 8%

Shares of newly created auto conglomerate Stellantis NV began trading on the European stock markets in Paris and Milan on Monday and the new company is off to a strong start. Milan-listed shares of Stellantis started trading at 12.758 euros ($15.40) and rose nearly 8% to 13.55 euros ($16.36), giving the automaker a market cap of 39.2 billion euros ($47.3 billion).

Eric Walz2021-02-24 12:15 PT

PHEV 2021 Jeep Wrangler 4xe Priced at $49,490

Getting more power, the ability to travel 25 miles on electricity, and Jeep’s first plug-in hybrid offering comes at a steep price.

Vineeth Joel Patel2021-02-01 08:00 PT

Ford Motor Co is Targeting the Jeep Crowd with its New Bronco Adventure Vehicle Lineup

Ford Motor Co. has announced the Bronco is returning after a 25 year absence in the form of three all-new, rugged SUVs, including a 4-door version, a 2-door and a smaller Bronco Sport model, all of which will make up the new Ford Bronco family. The automaker is tying the new Bronco to its storied heritage, like it did with the upcoming Mustang Mach-E electric SUV.

Eric Walz2020-08-13 12:05 PT

Fiat is Testing Geofencing That Will Automatically Switch Hybrid Vehicles to Electric Mode in the City of Turin

Automaker Fiat Chrysler Automobiles (FAC) is launching a pilot that will automatically switch its hybrid vehicles to electric mode whenever a driver enters a geofenced zone in the city of Turin. The goal of the pilot is to help reduce emissions and greenhouse gases in the city.

Eric Walz2020-07-10 15:45 PT

The United Auto Workers Union Signals its Approval for Fiat Chrysler to Reopen its North American Plants

The United Auto Workers Union, which represents U.S. auto plant workers, has given its nod of approval on Tuesday for Detroit’s big three automakers to restart vehicle production amid the coronavirus pandemic, after Fiat Chrysler Automobiles NV (FCA) announced it expects to reopen its North American plants on May 18.

FutureCar Staff 2020-06-11 15:30 PT

FCA Investing $4.5 Billion on New Factory for Electrified Jeeps

In a market that’s going all-in on crossovers and SUVs, Jeep has become one of the most popular brands on the market, and FCA wants to capitalize on that with a new factory for electric offerings from the brand.

Vineeth Joel Patel2019-04-05 11:35 PT

FCA to Reopen Idle Detroit Factory to Build the New Jeep Cherokee

As General Motors announces massive layoffs and the closure of several U.S. plants, Fiat Chrysler Automobiles (FCA) is looking to reopen a idle Detroit assembly plant to build the upcoming full-size Jeep Grand Cherokee SUV.

FutureCar Staff 2019-01-13 11:57 PT