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Stellantis Adding More Investments Into EVs

Written By, Brad R

Improving the brand and growing their total brand with the automaker of Stellantis, parent company of Jeep, Dodge, and Ram to a $17.9 billion total profit in 2022, surpassing Stellantis NV's first-year profits in 2021 by 26%. That’s a remarkable climb and this shows the growth of these brands as we move further from the pandemic. NowCar notes the popularity of these brands with a greater focus on the reasons for the success of the brands. Stellantis has put together quality vehicles that have seen upgrades and will be offering a plethora of new generation vehicles found in Dodge muscle, the Ram 1500 before long and numerous Chrysler entries. Stellantis has seen an impressive start for 2023 and their sales reflect this growth. 

Rejoining the Double-Digit Growth

Focusing on a 13% adjusted operating income margin that fared better than the 11.8% rise a year ago. Stellantis has done quite well the past two years with a double-digit margin growth achieved for the year yet again. Stellantis put together their Dare Forward 2030 strategy to double revenues introduced in 2022 called for a 12% margin. Cost-cutting measures, including the decision to end the production of the Jeep Cherokee as well as the Cherokee plant in Belvidere, Illinois becoming idle, as well as strong transaction prices because of parts constraints now arriving as margin profits all account for this growth. Dodge is set to introduce the newest and final Last Call Dodge muscle entry of the current-generation that has boasted sales for nearly two decades. 

“In addition to our record financial results and the focused execution of the Dare Forward 2030 strategic plan, we also demonstrated the effectiveness of our electrification strategy in Europe," CEO Carlos Tavares said in a statement, noting Stellantis has 23 all-electric models worldwide with nine coming in 2023.

Never Lift Program Grows

The years of promotions for its Never Lift campaign have led to this huge plan that will look to highlight the world of tomorrow coming online in real time for witnesses. We know the cost of these vehicles will be worth it!

"There's no better place to unveil a new performance direction for the Dodge brand than right on Woodward Avenue in metro Detroit, with tens of thousands of our closest fans and friends. We introduced our two-year Never Lift road map last year at Roadkill Nights, and this year the event will serve as the prelude to going wide open throttle on Never Lift. All I can say is the future of our brand will be on display during Dodge Speed Week, and we're throwing open our garage doors so our fans can get a peek for themselves. It's going to be an electric summer for Dodge," said Tim Kuniskis, Dodge brand Chief Executive Officer of Stellantis, the parent company of Dodge.

Buyers Should Ensure Pocketbooks Are Ready

The forthcoming Dodge Hornet crossover SUV boasts a reliable 272 horsepower rating. A 15.5-kilowatt-hour battery pack supplies more than 30 miles of a driving range. The 2023 Dodge Hornet, a stunning full-capacity SUV that edges the line between luxurious and beast. With four trim offerings, customers can select from the entry-level  GT: $31,590 MSRP (Plus destination fee), GT Plus: $36,490 MSRP (Plus destination fee), R/T: $41,590 MSRP (Plus destination fee), and the top-tier R/T Plus: $46,490 MSRP (Plus destination fee). The R/T specs have not been released as the flagship version of the Hornet is due out in summer, whereas the other trims are arriving sooner in the spring. Want to shop today at NowCar? We’re ready to make it easy. 

Drive New Dodge With Our Assistance

With NowCar, we offer many choices to our customers, including the newest Dodge vehicles, direct from us. Keep in mind, we only offer new vehicles. Buy from your home, design what you want inside of your vehicle, piece by piece, as any customer can experience the nicest feeling of shopping where and when they want with our help. We can help our customers find exactly what they want to drive. The right vehicle is everything for our clients without any hidden fees. We’re transparent about what we have available to sell and the final price before any sale is made at NowCar

NowCar only sells new vehicles and we can even assist with financing, should a customer request help to make their purchase. Call us at 1-877-8375 or reach out to us to get started with a new purchase today. Deciding on the style of the vehicle, the brand or deciding by features, our generator is easy to use. Customers can go on NowCar at any point in time and receive automated assistance on our website 24/7. We’re always open at NowCar!