Jeep went bankrupt in China - they aren't far off being DEAD in America
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- เผยแพร่เมื่อ 10 ก.ค. 2024
- Jeep went bankrupt in China - they aren't far off being DEAD in America
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Stellantis brought this on themselves by trying to sell their cheap-ass cars with huge markups and needlessly gouging their own customers. You reap what you sow. Good riddance to a bad company.
100% correct
That strategy worked for Toyota
Stellantis tried to make a cheap jeep in Italy where they had excess manufacturing capacity. It was really a Fiat in jeep clothing and was awful.
@@miked8121With all the other Jeeps on sale how can you single out a poor quality one.
Parts service is so expensive,
I spent as much on service and parts as l bought the jeep for
Regretting buying a Jeep
In Australia Jeep is behaving like you own a Ferrari .
Criminal behaviour
Didn't you check into that before you bought it as there are plenty of stories going around?
Jep, jeep is horrible and all owners report the same. Profit before customer satisfaction.
Is Jeep considered a reliable brand in Austrilia?
I think Jeep and Dodge will shock and amaze investors, on how much money they can burn through and still not declare bankruptcy.
wr
It's already been bankrupt once.
I am first to say I like my Chrysler, best well designed, running car I’ve ever had. Unfortunately, in the brand deserves to go under, they continuously discontinued every single product people liked the dart, the Chrysler 300, the 200, if they calculated the vehicles that sold well and turned them into EV’s.. play could’ve survived, big company’s pivot One day late and a dollar short.
@@francismarion6400 Your right. The original Chrysler car company did go bankrupt and was sold to Mercedes then they sold it to Stellantis.
The big 3 all have enormous debt loads. Ford and GM are right behind Stellantis.
Stellantis has no idea what to do with North America.
Even Fiat, Maserati, and Alfa Romeo have no brand direction here.
Dodge and Chrysler are husks.
Ram only sales trucks and no expansion into smaller trucks
Jeep has some big hits but reliability is a issue and many if their models are sub par.
It's absolutely ridiculous
why now only offer or cut price. Frightened by competitors. this shows how long they overpriced their cars. they have been cheating for the past few decades.
They jacked up their prices. Held them too high for too long. And now they're chasing a falling market. Bad management.
Stellantis has lost it with their pricing, nobody wants to pay what they ask for.
Top of that everything they make is absolute garbage!
Simple: They are too f*ing Expensive
The problem is the franchise dealerships. No matter what discounts are provided they will put nitrogen in the tires and charge 10k more.
Jeep and dead are both four letter words!
Stellantis is a made-up word. It's stands for I'm European and have no idea what I'm doing
so are poop and derp. what exactly is your point?
If they had actually pivoted to EVs they would probably be in the same or worse position because of the insane markups they reaped during COVID on these vehicles. I mean a 75k USD Jeep Grand Cherokee? That makes no sense.
Stellantis is devaluing the Jeep brand here in the USA by selling re-badged Fiats as the smaller Jeeps. The larger Jeep vehicles (Wrangler, Gladiator, and Grand Cherokee) are ludicrously over-priced and have rather poor quality.
If you raise your vehicle prices $20,000, then offer a $2,000 incentive...I'm not even going to finish that sentence.
Stellantis the company that has single handedly ensured the demise of a large proportion of the car industry under the premise of saving it.
So true! LMAO!
Their cars are ugly and low tech.
it's fine if it's low tech as long as the price reflects that.
And not reliable.
I'm in the UK but looking at the line up of vehicles they are trying to sell, dodge charge aside they all look crap
United kingkong ens7v3 by Sharia law immigrants, what a joke your country 😂😂😂
Stellantis might well sell the brands, they seem too stretched to me and are just churning out endless variations of the same EV platform now (Citroen C4, Jeep Avenger, Alfa Romeo Junior, Peugeot e208, Fiat 600, Vauxhall (Opel) Corsa/Mokka/Frontera all the same car basically).
They need to slim down and have proper differentiation. The Citroen e-C3 looks good and may be the start of better things, but they have to get a grip on the masses of average at best EV’s they sell.
Some commenters have noted that new cars are beyond the reach of many people...
At last! Some are beginning to see the light.
CEOs get obscene payment for increasing shareholder dividends, while wages of the workers are static; so the workers can't afford new cars or even decent used ones; the whole car market is depressed and makers go bankrupt.
It has been a slow but relentless decline for decades in the USA and in Australia.
The 'trickle down' economics of Reagan (USA) and more recently Morrison (Aust) are to blame for creating the wealth disparity in those countries.
MY husband and I rented a Jeep Wagoneer a couple of years ago and we COULD NOT see at night! We pulled over to make sure they were on and they were!! Must have had last generation tech in a brand new car! It was awful!
Jeep, as a brand, has been struggling financially for over 40 years.
What ever happened to a Basic Pick Up with Crank Windows that Anybody could afford?
Times have changed. Back then money was spread more evenly, but now most of the money is in the hands of fewer people. Look up wealth distribution.
Lots of appliances and vehicles are actually cheaper now than ever if you consider inflation.
My 19yo bmw I got used was over 40k new. I can get a much better car now for less money.
@ronfarnsworth7074 BS. 87% of millionaires today in the US are first generation millionaires.
You can still buy a work truck- the closest thing to what you describe- but they are commonly order only. Very few dealers stock them and they are often only listed on the commercial vehicle pages.
@@francismarion6400 Sure, I'd guess that's true, except for the bs part.
But I think the poster is talking about the 65+% of paycheck to paycheck Americans who can't afford them. It's no prob for millionaires.
I remember when pickups were cheaper than cars, most aren't any more.
exactly!!
There's a group in the USA trying to purchase the Dodge brand
Neuroactively Challenged Inc?
I remember when both the Durango and the 300 came out approximately 2 Decades ago! I really don't see much of a change in those two cars. That's the biggest problem with Stellantis is that they have a bunch of really really old designs.
The Durango was reengineered years ago, but it is still old. The 300 is going away completely. Dodge was supposed to be the performance cool brand, but people mostly do not want that sort of car in the US, increasingly; they were too much straight line performance and not enough maneuverability.
@@unconventionalideas5683 I get that it was re-engineered, but it still looks almost exactly the same as it did 2 decades ago. Same for the 300. Stellantis doesn't seem to be a company that is AT ALL interested in forward looking designs.
sell the brand to the chinese then I bet it's gonna make profit again
just like volvo and MG ......
@@kevinwang6147 Volvo has lost a lot of sales in the US. I would not be totally surprised if they leave the US eventually, too.
They priced consumers out of buying their products.
No one wants to pay 100k for a jeep, or truck.
1986 in a village 40 km from HanZhong in ShaanXi
Walking to market I was stopped by 3 policemen in a Beijing Jeep
They pulled across the road in front of me and banned me from ever entering the roadside morning market
I was guilty of ostentatious display of wealth because the day before I had spent a few pennies each for two small melons, WITHOUT HAGGLING.
After that purchase word spread in the village, Goat Home Mountain, with people amazed I had spent so much for a melon (less than a quarter)
Beijing Jeep was a significant event in China’s development. Sad to see their demise
Jeep Wrangler used to be an everyman's vehicle. Now is $50,000+ for just a 2 door. Suzuki, please bring back the Sidekick! or Mahindra, please make a 'jeep' that is U.S. street legal and inexpensive
Anybody wondered about one important thing? The consumer in the US is broke and can only afford below 20k cars. Of course these manufacturers are dying. They don't look at their potential clients.
ONLY 3 auto makers will be standing in 5 years BYD, Tesla, Toyota,
Ford *might* be in the mix but, otherwise, agreed.......though it may take a bit longer than 5 years.
Jeep in PH now on discount of 10k usd on wranglers
At some point you have to end an old brand. I'm not a fan of Chinese manufacturers appearing here with dead brands. Then I would prefer their own new, fresh and innovative brands!
There are plenty of fresh brands from China coming
racist
I'm content driving the same vehicle for 15 or 20 years. Fools and their money, soon depart!
A brand is not innovative, engineeering is. A brand is a marketing tool.
A few years ago there was a story about Hyundai wanting to buy Jeep. It looks like they may get a good deal on an iconic brand soon. The next Renegade may be a rebadged Hyundai Venue.
The Jeep EV is considered one of Stallantis best EV in Europe. I don't know if it is even sold in the US.
nEVer hear of it...
As I own two vehicles that they produce, a Jeep Wrangler and Ram 1500, and have been very happy with them, I would hate to see them go extinct. I have been watching and waiting for them to introduce their fully electric versions with disappointment. They tease these amazing vehicles, but still no dice, and if they lose to bankruptcy, it’s even more unlikely that I’ll ever see them.
Thanks!
I used to have a Dodge Dakota and loved it. It was priced reasonably and dependable. Now the new Dodges are way overpriced with poor quality. If they would bring out a simple Maverick competitor to the US market they would sell well here. The value for money of their product is poor now. Why can't manufacturers see that what people can afford and actually want would be the better thing to make?
The prices for their vehicles are way up, but wages aren't. Plus we have the beginning of a recession, which makes getting a new job, if you lose yours, really difficult.
As for Fiat EVs, they only send the lowest models to the US. We can't order the hot hatches here in the US. Service is also a huge supply problem from Italy to the US. For those reasons Fiat dies here. It boggles the mind unles you realize they really are not car corporations, they are really bad investment firms and credit corporations.
Just purchased a ev Fiat 500 in the Uk discounted by 34% on last years price.
I work for a start up that has a lot of Stellantis products finding parts has been a nightmare it makes sense
Thanks
Will be better run and access to more technology and market if owned by Chinese company. Just look at MG, Lotus
I mean just look at their clientele. I'm driving down the freeway right now and I see the classic bro caveman in his hellcat. Probably the same guy that leaves the "electric cars are gay" everywhere online.
I truly feel bad for iconic US brands, but years of predatory dealers, poor management, good enough design/engineering and so so build quality driven by knee jerk marketing hype it wasn't too hard to guess how the consumer was going to react (even the most fanatic brand fans). in addition if you feel purchase prices are high try parts and ambivalent service(?)...didn't have to be this way and now better choices are now out there.
parts and service? My revivifiers have a Mercedes-Benz C-300 and a Dodge Caravan. Caravan parts cost waaay more... Say, "Good Night!" Stellantis.
Stellantis profits in 2023 reached 18 billion euros. CEO Carlos Tavares' 2023 remuneration of 36.5 Mio euros was approved by more than 70% at the annual General Meeting last April. I guess that only 30% of the share holders have a relevant vision of how fast the market is changing.
Stelantis are the problem. Private equity are where car companies go to die.
Jeep and dodge currently building some of the worst American vehicles so there’s no way that BYD could screw it up anymore
Chrysler and Dodge only have three models between them because they're rebranding the Alfa Romeo Tonale as the Dodge Hornet. Chrysler and Dodge discontinued the 300 Charger and Challenger sedans with no replacement in sight. Instead of spending money on developing hybrids or EVs, they spent billions of dollars buying carbon credits from Tesla and paying CAFE penalties. Dodge became a company that sold nothing but overpriced muscle cars, and without the hybrid/EV models on the lower end to boost the CAFE numbers, that was an unsustainable business model. When Stellantis decided they were not buying any more carbon credits after 2023, Dodge went on a "Last Call" orgy and come 2024, they had nothing left but a hangover. The electric Challenger looks like a 2026 model at best, and for the "first electric muscle car" it looks pretty lame, getting spanked by a Model 3 Performance.
And if Toyota brings out the stout in NA. The sales will drop even more.
Alfa Romeo is truly the crown jewel in stellantis - it's brand value is off the scale, but can they make it profitable? If not, what will happen to alfa?
I just can't stand to see it bought up by a Chinese car company, to be turned into an ev appliance brand ...
VW was interested to buy Afla Romeo not long ago.
I hope Ram hangs on to make the Ramcharger (BEV with gas generator) which will make a great tow vehicle.
That's dealer sales, so what is production like. Are the cutting back or are there massive oceans of stock piling up?
2:14 Im sorry, but you're wrong. Jeep sells in Europe, too. How about the Jeep Avenger EV?
it is sad tho that they barely sell the fiat 500e. it is a cute car. i met a woman in san diego who leased one for $80 per month, that's about the cost of a monthly bus pass, and the public transit doesn't run all night there. the range was not good but can get you anywhere in the city and u can charge it at night at home.
We are not seeing demand problems in America. Jeep, Dodge, and RAM are selling very well here. So are Ford and GM trucks; almost all of them are still ICE vehicles. EVs in America are still expensive. There are no BYD or SAIC cars here. The consumers want them, but the politicians do not.
The average RAM sales transaction cost is about $60,000. The average Jeep sales transaction cost is about $54,000. Both of those costs are higher than than a Model 3 or a Model Y even *before* the $7500 tax credit.
A 50+ mile range LFP battery plug-in hybrid is needed for any model going forward.
PHEVs are only for morons as they are pointless cars.
I think the Dodge and Chrysler are no longer for sale
I've been saying this would happen for years, the tip-off was when they renamed Dodge pickup trucks to Ram. SUVs and pickup trucks are huge money makers so they wanted to distance themselves from the Dodge nameplate. Do not listen to the haters who say that Chrysler makes junk, I've owned all of the Big Three brands and my Chrysler products were the most reliable, Ford has been crap going all the way back to the 70s. The problem with Chrysler right now is that they are over-priced, they need to get realistic with their MSRP if they want to survive.
FWIW, living in Detroit, me and my entire family and my extended family worked for the Big Three going all the way back to the 1940s so I have no brand loyalty, I've owned them all.
I would beg to differ on some of the allegedly defunct products: they are already announced t obe or already discontinued. That doesn’t change your message but it is a different and to my mind more powerful reason not to buy a product.
Well it's actually FSA (the Italians) who screwed things up before the French (PSA) bought them. And the italians are known here in Europe for bad and chaotic management. Like the Americans understand nothing about the European market (see the Opel and Saab debacle from GM) the Europeans have problems with the American market except the upper German brands.
I purchased my Ram 1500 5.7 hemi etorque in 2021 with the Lonestar package for $49k now the same package this year is $60k-$64k
Nobody is buying because of it, and the trucks are piling up at Ram dealers. I saw a youtube video of somebody walking through a Ram dealer lot, first past some brand new 2025's, then some brand new 2024's, and then some brand new 2023's
Not for long. I’d sell it now
Lots of ram pickups and jeeps on the road . The brand has had many owners which is problematic as it gains no consistency in operations . The us governent sold the bankrupt company to fiat for a fire sale . Fiat was baought by stellantis
1:05) SAIC buy (ch)Jeep? Please! Don't make us bail out this crowd for the 4th time...
I hope the Stellantis CEO is sued by investors and employers. At the least he should pay huge fines, be personally bankrupted and possibly go to jail for destroying so many investments and livelihoods.
Investors should not touch any of these brands with a 10-foot pole... These were once good brands but they've come up with low quality products for many years now. When I sought to buy my car, I was interested in a Jeep but then the reviews on each one was so bad that I bought something else. They have issues with transmission, engine, brakes .... you name it, they have it.
Don’t forget the wiring problems.
jeep will only be a brand name like volvo and turned into EV 4WD and SUV.... apart from that, there're no hardware or patents that'll be useful from jeep
They have morphed the compact Jeep into a huge truck and moved the price up so far they have killed the original market that made the name something. The old CJ Jeeps were simple beasts and Crapler, caterer FCA and now Stellantis are clueless.
You are FULL OF IT, sir.
I think Americans would buy smaller cars if they were also affordable.
Better sell to chinese company like volvo
These three brands Jeep Dodge Ram have an image of gas guzzlers dinosaurs.
Well it was the companies who built attachement for brands. no we have to let go. times have changed.
Cybertruck gets stuck,social influencers run amuck with videos of fail. Quarter after quarter of sliding sales. Nothing
Windsor Ontario aka motor city has 9% unemployment rate highest in Canada 😢 how can people buy new cars
There going to take hit , but there in the top 10 for most profitable car makers.
Jeep/Chrysler quality had been dreadful for decades. Mind you Tesla quality is dreadful too, but they still trade off the trendy and Elon fan factor.
Stellantis is a sales and marketing company. Not a car company. Find a car and slap a badge on it, the sell for as much as possible.
Chrysler has been a problem child and was once rescued by Lee Iacocca . Mercedes ownership could not get the right results either I'm not sure that Stellantis have had the correct investment or strategy with Jeep/RAM. I think it may have to be sold to someone with deep pockets.! How about TATA.?
The three most profitable brands of stellantis and now their money losers All By Design I believe to fail❤❤
AND THEIR PLAN IS LIKE ALL THE OTHERS AND COME OUT WITH HYPER EXPENSIVE EVS!! GOOD JOB!! I WAS WONDERING WHAT TO DO WITH ALL MY MONEY 💰!!
The gap between haves and dont haves si widening... people wont spend on new cars that much... all brands will see drops.. especialy the more expensive.. rich people dont save this trend...
Why did Stelantis buy Chrysler or whatever they call it now ?
I'll be happy when the new Hobart Ram Shop goes out of business, I can't wait till they take those big 💩 boxes off the road..
Dodge have been working on the electric Dodge Charger for quite a while. Check it out…
They over price thier vehicles, I believe they are going for the final grab. I was looking to buy jeep raptor, and it was the cost of a down payment for a house.
The only thing I can think of from Jeep is the track hawk
The iconic wrangler doesn't come to mind?
@@ThisRandomUsername no unreliable. Everyone is buying ford bronco
@@kensofuego5928 You mean the only thing worth buying? I can think of lots of cars I'd never buy.
How about that new Recon mates?
the people who print money will print them some money.
It'd be cool if they mass produced tiny homes instead of cars.. with all the robots, retooling for housing with walls, wiring and plumbing might be doable.. And very in demand.. shit even vans made to live in #vanlife
Stellantis is exhibiting the exact same thing that is happening to all the OEMs.....retreat!
They are retreating back to their home turf with their tales tucked between their legs, unable to compete, change their cultures, or control their costs fast enough. Hoping that their countries (EU) will protect them as well as hoping that their core home turf customer base keep them in business. However by downsizing they are losing economies of scale and will have to charge more for their vehicles to keep their margins and stock price up.
This is a sure sign of impending death. Slowly the extremities are dying off leaving only the core organs functioning. More and more efforts are made to keep them going but soon those too will start failing and the Reaper makes an entrance.
😱😱😱
It is well past time to remove the ability for Chinese to invest anything more than minor stakes in US companies. It is also time to remove vulture capital from our economy.
Fiat and Peugeot teaming up to destroy Chrysler
Stellantis has heavily diluted the Jeep brand and tried to move the pricing upmarket.
The majority of "Jeeps" these days are sold to women who do not go off road - it is a fashion statement.
Most of what they sell are just reskinned stuff from other Stellantis brands.
Rumor in the US is that sales are down 40% and they have doctored them into only a 21% decline.
I agree Sam cheers mate
Thanks Mate!
Maybe we are in a recession.
No Dodge Challenger? How will I be able to watch stolen Challengers in high-speed chases with cop Challengers?
Its Not could, its just a when....
Australia loves Chinese cars 😁😄
Too bad Americans don't have that freedom to choose affordable EVs and hybrids that can go 2000kms without refill or recharge.
I don't think so. That is only him.
@@undisclosedthai Chinese EVs are without an any doubt some of the best EVs in the world right now. They are perfect for Australia... 👍
Australia has no car industry to protect. Why would they go for expensive cars, if they can have better cars for less funds funneled out of the country?
These are American brands. These are American intellectual properties. Selling them to the Chinese is a national security issue, isn't it?
At this point selling CDJR to China would hurt China more than us.
It's Stellantis and they are a crap European company from the Netherlands. They formed a crap company with crappy brands and then they further destroyed them. I say good riddance if they do go under.