Jeep Gladiator sales drop, union blames 4xe Plug-In
In 2021, Gladiator sales in the United States reached a peak of nearly 90,000 units. Stellantis recently reduced pickup truck production from two shifts to one shift. The high price may put Jeep out of the budget of many truck buyers. The Jeep Gladiator was an instant hit upon its launch. With the same off-road capabilities as the iconic Wrangler but entering the market with a more practical body style, it quickly gained fans and became a best-seller. However, sales have declined over the past few years, prompting Stellantis to lay off more than 1,100 people at the Gladiator plant. var adpushup = window.adpushup = window.adpushup || {que:()}; adpushup.que.push(function() { if (adpushup.config.platform !== "DESKTOP") { adpushup.triggerAd("4d84e4c9 -9937-4f84-82c0-c94544ee6f2a"); } else{ adpushup.triggerAd(" 6a782b01-facb-45f3-a88f-ddf1b1f97657"); } }); In 2021, Jeep Gladiator sales peaked in the United States at nearly 90,000 units, and sales are also good in 2020 and 2022. However, sales plummeted to 55,188 units in 2023, with only 32,670 units finding homes…
Stellantis blames dealers as Maserati sales plummet 60%
Carlos Tavares thinks Maserati’s positioning is unclear and “the way it tells stories is not right” Maserati's third-quarter sales fell 60% from 2023 and are down more than 58% year-to-date. Stellantis' chief executive blamed Maserati's decline on weak brand positioning and aggressive discounting by dealers. Stellantis is refocusing Maserati on profitability and premium appeal through reduced model lineups and cost-cutting measures. Maserati managed to sell approximately 20,600 vehicles in the first nine months of 2023. Fast forward to this year, and that number has plummeted to about 8,600 vehicles, according to the latest official figures from Stellantis. The drop was as high as 58.3%, ultimately causing Davide Grasso to lose his position as CEO. Now Stellantis boss Carlos Tavares blames Maserati's marketing tactics and dealers' insistence on discounted models for hurting the brand's premium appeal. This isn't even the first time Tavares has taken aim at Maserati's marketing woes. He made similar comments back in September. Of course, he hadn't…
Lotus cuts 2024 production by 78%, blames new US tariffs
Despite setbacks, Lotus is on track to sell more cars this year than it did in 2023 go through Brad Anderson August 30, 2024 06:09 Lotus blamed US electric vehicle tariffs for a 100% drop in sales. Lotus Cars originally planned to produce 76,000 cars by 2025, but that number has now been reduced to 30,000. In the first half of 2024, the brand sold nearly 4,900 vehicles. Lotus expects to produce 12,000 cars by the end of 2024, a sharp drop of 78% from the 55,500 originally planned for this year. The company blames new Chinese tariffs on electric vehicles. Lotus Group CEO Feng Qingfeng recently said during the brand's second-quarter earnings call that the company will have to reposition its products in the U.S. due to a 100% increase in Chinese EV tariffs. In addition to lowering its 2024 forecast, Lotus also slashed its expectations for 2025, now expecting sales of just 30,000 units next year, down from…
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