Remove Jeep EV Remove Market Remove Sale
article thumbnail

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.

Jeep 52
article thumbnail

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. The move comes after Stellantis’ US brand sales plunged 21% in the second quarter compared to Q2 2023.

Dodge 52
article thumbnail

Jeep reveals Recon, Wagoneer S and Avenger EVs; on-sale from 2023

EV Central

The American off-road specialist Jeep has revealed high-performance off-road and on-road all-electric models on the eve of World EV Day as it moves towards an all-EV lineup in some markets. The Jeep Recon (pictured above) is described as the brother of the iconic Wrangler 4×4 by Jeep.

Jeep 90
article thumbnail

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

Baua Electric

The rugged SUV maker wants a bigger share of the global market. Jeep launched its first EV, the Avenger electric SUV, in Toyota-dominated Japan. Toyota’s home market has mostly shunned imports, but foreign EVs are starting to crack the code. Toyota alone accounts for nearly 50% of auto sales in its home market.

Jeep 52
article thumbnail

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. In May 2024, Stellantis reported significant growth in the European electrified market in the first four months of the year. Stellantis CEO Carlos Tavares plans to scrap brands that aren’t profitable.

Jeep 84
article thumbnail

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

Baua Electric

Jeep and Ram owner Stellantis is investing over $406 million to retool three Michigan plants as part of plans to ramp up EV production. The new funding comes as it preps for the first electric Jeep , Dodge, and Ram EV pickup to hit the US market. Will Jeep and Ram take advantage of the opportunity?

Jeep 52
article thumbnail

Volkswagen’s new EV focus combines customer needs with affordability

Teslarati

.” Yesterday, we reported on one of Stellantis’s ideas for increasing EV adoption: creating an affordable EV under the Jeep brand , which has a loyal following. Affordability will get more people thinking about an EV for their next purchase. This would be one of the more affordable EVs on the market.