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Inflation risk or profit engine? High car prices are both - Netscape Money & Business

Inflation risk or profit engine? High car prices are both - Netscape Money & Business
netscape.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from netscape.com Daily Mail and Mail on Sunday newspapers.

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Inflation risk or profit engine? High car prices are both

Inflation risk or profit engine? High car prices are both
autoblog.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from autoblog.com Daily Mail and Mail on Sunday newspapers.

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Stellantis Is Latest Automaker To Announce An Electrified Future

Stellantis Is Latest Automaker To Announce An Electrified Future
Mar 04, 2021 at 7:52am ET
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The newly formed company sets a big goal for 2025.
Stellantis is the fourth-largest automaker in the world and the latest to embrace the industry’s electrified future. The company was recently formed after the merger of Fiat Chrysler (FCA) and Groupe PSA. Peugeot, Jeep, Fiat, Citroen, Ram, and Maserati are just some of the 14 brands under the Stellantis umbrella.
Chief Executive Carlos Tavares announced today that the automaker plans to have all-electric and hybrid versions of all its vehicles in Europe by 2025.
That’s a nice goal but keep in mind it’s limited to Europe and means they will still have an all-gas version of their models as well. During the announcement, Tavares said: ....

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GM extends production cuts due to semiconductor chip shortage

GM extends production cuts due to semiconductor chip shortage
04 Mar 2021
Cars for exports parked near the General Motors’ assembly plant in Ingersoll, Canada. Reuters
The global semiconductor chip shortage led General Motors (GM) to extend production cuts at three North American plants and add a fourth to the list of factories hit, and Stellantis to warn the pain could linger far into the year.
The extended cuts do not change GM’s forecast last month that the shortage could shave up to $2 billion from this year’s earnings. GM Chief Financial Officer Paul Jacobson subsequently said chip supplies should return to normal rates by the second half of the year and he was confident the profit hit would not worsen. ....

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PSA, Fiat Chrysler in the black despite fall in sales

Low global car inventories and cost cuts should boost Stellantis profit margins this year, though a shortage of semiconductors and investments in electric vehicles could weigh on results, the newly-formed automaker said today. ....

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