Stellantis Taking Steps to Reduce Inventory

Stellantis wants to reduce its U.S. inventory down to 330,000 vehicles by December 31 of this year.

To do this, it will be offering big discounts and 0% (72-month) financing on 2023 and 2024 models.

Stellantis Shocks Market With MASSIVE Inventory Cut! Shareholders Being Warned! (youtube.com)

 

Car Edge is predicting that Chrysler, Dodge, Jeep and Ram may be going out of business.

 

Here is another article on this topic.

Jeep and Dodge hit panic mode - Autoblog: Car News, Reviews and Buying Guides

 

I hope so. My fear is that Dodge may go the way of Plymouth.

 

Here is the latest from Carscoops.com.

• Stellantis CEO Carols Tavares announced the group will review its brand portfolio in the next 2-3 years.
• All 14 Stellantis brands have a strategic plan in place through 2031, with full funding secured until 2026.
• Stellantis Chairman John Elkann confirmed that the leadership changes were backed by Tavares.

It turns out the 14 brands under Stellantis’ umbrella will have to prove their worth by 2026, five years earlier than originally expected. So much for that comfortable 10-year grace period Stellantis handed out back in 2021.

 

It's interesting that Ford spent $300,000 to develop the Mustang GTD- with a supercharged ICE engine- to set a lap record at Nürburgring's "Green Hell." If successful, it will instantly attract a lot of interest in the car.