On occasion, we amplify news in the auto industry.
The parent company of Chrysler, Dodge, Jeep, and (Dodge) Ram trucks is Stellantis, which also owns Maserati, Fiat, Citroen, Alfa, Peugot, and Vauxhall.
The now-resigned chairman of Stellantis, a wonk named Tavares, was a worshipper at the altar of the Green Goddess; according to insiders, he was maniacal about "Climate Change." In addition, he was as ignorant as a post about how the car biz really works.
Let me help you with that: if you are not selling your product in the USA, your car biz is in deep manure. The inventory of Ram trucks--and other Chrysler products--grew like Topsy during this calendar year while Tavares was pushing all-electric vehicles.
Dealers do NOT like sitting on inventory. At all. So they started screeching. Loudly.
Tavares "resigned."
What's the clearest signal that Tavares' Green Crusade and his total ignorance of the auto industry was a very big problem?
...Well-known Stellantis executive Tim Kuniskis will be returning to the automaker, effective immediately, CNBC has learned.
Kuniskis, who retired from the automaker earlier this year, will once again lead the company’s Ram Trucks brand, according to two sources familiar with the decision....
Doh.
Incidentally, watch Harley-Davidson. Their CEO is another Green Goddess-worshipper who hasn't a clue about the US market. So far, he's been backed by his Board (which includes another Green twit, the CEO of Ford). But sales of Harleys are tailing off..........and the tea leaves (see, e.g., Trump) are not favorable for Harvard morons any more, are they?
Oh, by the way: Hyundai claims it is "streamlining" its US sales operation. Not really. Some of its sales representatives were engaged in "selling" cars to dealers in a fashion which was against strict Company policy, and--of course--their manager(s) were aware of the violation and did nothing to stop them.
"Streamlining," my ass. It was a bloodbath and there is more to the story, involving a lawsuit against a VERY large dealer--which is now dropped.