Dodge tries to convert its muscle car fans from V-8 engine to EV

Dodge tries to convert its muscle car fans from V-8 engine to EV


Tim Kuniskis, CEO of Dodge Brand, Stellantis, introduces the Dodge Charger Daytona SRT Concept all-electric muscle car at its world reveal during Dodge’s Speed Week at M1 Concourse on August 17, 2022 in Pontiac, Michigan.

Bill Pugliano | Getty Images

Since the Dodge Charger was reintroduced in 2006, Dodge has been building a reputation for making muscle cars with big engines and bold and bright paint jobs.

But it plans to discontinue the gas-powered Challenger and Charger and the V-8 hemi engines that power some of the most popular versions.

Dodge’s recently debuted fully electric Dodge Charger Daytona SRT Concept is its attempt to retain the muscle car identity in an era when it’s becoming ever more challenging to sell a gas-guzzling sports car.

In fact, it’s becoming more challenging to sell a car at all. SUVs and trucks are taking over the American vehicle market. RBC Capital estimates that Dodge’s sister brands Jeep and Ram account for 50% of parent company Stellantis’ profits.

Meanwhile the many fans of Dodge’s powerful but fuel-thirsty muscle cars are making peace with the apparent end of an era.

Watch the video to learn more.



Source

How the ‘K-shaped’ economy is showing up at two big U.S. gyms
Business

How the ‘K-shaped’ economy is showing up at two big U.S. gyms

Two of the largest U.S. gym operators delivered the same headline in their latest earnings reports: strong growth. But beneath the surface, Life Time Group Holdings and Planet Fitness told very different stories about the American consumer. They highlighted a widening divide between higher-income households that continue to spend freely and more price-sensitive consumers who […]

Read More
NASA is sending its first Black and first female astronauts to the moon
Business

NASA is sending its first Black and first female astronauts to the moon

NASA is preparing to launch a mission to the moon — and it’s making history for more reasons than one. The space agency’s Artemis II launch marks the U.S.’s first journey back to the moon in more than 50 years. It will also carry the first Black astronaut and the first female astronaut to travel […]

Read More
WBD employees fear coming wave of job losses as Paramount tops Netflix’s bid to acquire company
Business

WBD employees fear coming wave of job losses as Paramount tops Netflix’s bid to acquire company

The Warner Bros. Discovery board may have enriched its shareholders Thursday when it chose Paramount Skydance‘s acquisition offer over Netflix‘s, but it also terrified a lot of its employees. While some of those people own WBD shares and may prefer the financials of Paramount’s $31-per-share bid to Netflix’s $27.75-per-share offer, CNBC spoke to 10 WBD […]

Read More