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$25,000 Jeep EV will be an electric Renegade

Baua Electric

Stellantis CEO Carlos Tavares said in a recent interview that a $25,000 Jeep EV is coming to the U.S. Jeep North American product plan from Stellantis Investor Day 2024 presentation The Renegade will be one of several new Jeep EVs and plug-in hybrids arriving over the next few years.

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Jeep, Ram owner begins search for a new CEO as US sales crash

Baua Electric

Stellantis, the parent company of Jeep , Ram, Dodge, and several others is searching for a new CEO to replace Carlos Tavares. The move comes as Stellantis looks to revamp brand sales in the US, its biggest profit market, as it falls behind rivals. Total US brand sales are down 16% through the first half of 2024.

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Big discounts are coming for Jeep, Dodge as US sales crash ahead of first EV launches

Baua Electric

Jeep and Dodge’s parent company, Stellantis, will offer hefty discounts and reduce output as it looks to reverse plunging US sales. Stellantis warned of significantly lower profits this year as US sales fall. Although Stellantis is Europe’s second best-selling auto brand, the company is falling behind in the US.

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Jeep just launched its first EV in Japan to take on Toyota’s home turf

Baua Electric

Not only is it the first model to join its lineup in two years, but the Avenger also marks a significant milestone as Jeep (Stellantis) looks to carve out a market in Japan. Domestic automakers like Toyota , Honda, and Nissan dominate Japan’s auto market. Toyota alone accounts for nearly 50% of auto sales in its home market.

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Stellantis CEO plans to scrap brands that aren’t profitable

Teslarati

The automaker reported sales of EUR 84,504 million ($91 million), down from EUR 98,063 in the same period last year. It amalgamation of iconic auto brands from a merger between Italian-America automaker Fiat Chrysler and France’s PSA. Stellantis CEO Carlos Tavares plans to scrap brands that aren’t profitable.

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Jeep, Ram owner plots EV ramp up in Michigan to prep first electric models for launch

Baua Electric

Jeep EV roadmap (Source: Stellantis) The new investments are part of Stellantis’s broader Dare Forward 2030 strategy, which calls for 100% of passenger car sales in Europe and 50% of its passenger car and light-duty truck sales in the US to be electric by 2030. Will Jeep and Ram take advantage of the opportunity?

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Jeep is launching an electric Renegade for under $25,000

Baua Electric

Jeep’s electric Renegade will be among three new EVs launching in North America. Although Jeep was recently voted America’s most patriotic brand, sales have slipped over the past few years. After sales quadrupled in the US, reaching nearly 1 million in 2018, Jeep has struggled to gain momentum.

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