Mopar announces over 100 factory-engineered accessories for the 2021 Ram 1500 TRX, boasting a 702-horsepower engine. Enhancements include off-road capabilities with parts like the RamBar ($1,195) and LED lights ($595). Accessories are designed for extreme performance, maintaining quality with a full factory warranty. Notably, the Ram Truck brand excels in towing capacity and interior space, with a strong portfolio of over 600 Mopar products. The 2021 Ram 1500 TRX aims to set benchmarks in the pickup truck market.
On October 5, 2020, Mopar, FCA's service, parts, and customer-care brand, announced offerings for Fall Car Care Month. With winter approaching, Mopar stresses the importance of preventative maintenance, highlighting services like quick oil changes and tire promotions. Notable offers include a "Buy 3 Tires, Get the 4th for $1" deal and rebates on batteries. Customers are urged to maintain vehicles, particularly for those used infrequently. Mopar Express Lane services, which include complimentary inspections, are available at over 1,000 locations in the U.S.
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On October 2, 2020, Dodge launched the 'Family Motto' video, celebrating its historic first-place finishes in the J.D. Power APEAL and Initial Quality Studies. The ad features Gary Cole reprising his role from 'Talladega Nights' with the iconic phrase, 'if you ain't first, you're last.' This marked the first time a domestic brand achieved top spots in both J.D. Power studies in the same year. Additionally, Dodge promotes its 2020 models with a cash allowance program of $10 per horsepower, emphasizing its muscle cars' performance and brand strength.
FCA celebrates 84 years at the State Fair of Texas, showcasing vehicles through a new drive-thru format amidst the COVID-19 pandemic. The event will feature the 2021 Ram 1500 TRX, noted as the world's fastest mass-produced truck with 702 horsepower, and the Jeep Wrangler 4xe, which offers eco-friendly performance with 375 horsepower. The displays will run on selected weekends from October 2-18, 2020, at Fair Park in Dallas.
FCA US LLC reported a 10% decrease in total vehicle sales for Q3 2020, selling 507,351 vehicles, compared to Q3 2019. Despite this, Jeep Gladiator sales surged 37% to 22,163 vehicles, and Ram retail sales rose 15%. The company anticipates sustained strong demand for trucks and SUVs, with notable increases in retail sales despite softness in fleet purchases. Key product launches include the Ram TRX, Jeep Grand Wagoneer Concept, and Wrangler 4xe, expected to attract consumer interest and bolster future sales.
The 2021 Jeep® Cherokee Latitude LUX is now available, offering premium amenities and advanced safety features at an attractive price point. With an MSRP of $30,145 for 4x2 models and $31,645 for 4x4 models, this midsize SUV showcases Nappa leather seats, a suite of safety technologies, and the option for a turbocharged engine. It features best-in-class towing capacity of up to 4,500 pounds and an exceptional fuel economy of 29 mpg highway. The model is aimed at enhancing Jeep's robust consumer appeal with unmatched 4x4 capability.
Fiat Chrysler Automobiles (FCA) and Groupe PSA have announced the composition of the Board of Directors for their new company, Stellantis. The board will consist of 11 members, with a majority being independent directors, aiming to leverage the strengths of both companies for enhanced stakeholder value. Key appointments include John Elkann as Chairman and Carlos Tavares as CEO. The merger is anticipated to conclude by the end of Q1 2021, following the necessary conditions.
Fiat Chrysler Automobiles N.V. has reached a settlement with the U.S. Securities & Exchange Commission (SEC) regarding emissions-related disclosures from early 2016. The settlement involves a payment of $9.5 million to resolve the SEC's investigation. This comes as FCA N.V. aims to close this chapter amid regulatory scrutiny.
Announcement date: 29 September 2020.
FCA continues its long-standing support as the exclusive sponsor of the National Black MBA Association's Graduate Student Case Competition, marking over 25 years of collaboration. Held virtually from September 23-25, 2020, this year's competition featured MBA candidates from 36 leading business schools vying for $50,000 in scholarships. The 2020 case focused on digital retailing solutions for the automotive industry. The University of Texas at Austin secured first place, winning $25,000, while Georgia State University and New York University received $15,000 and $10,000 respectively.