Stellantis is bringing back the Ram Hemi V8 engine and shifting its strategy toward traditional hybrids rather than fully electric vehicles, citing major changes in market dynamics, including the rollback of regulations and rising consumer demand for hybrids.
The company’s new direction was outlined by CEO Antonio Filosa on Dec. 4 during the Goldman Sachs Industrial and Auto Conference.
“In Q3, we presented the return of the Ram Hemi V8 engine,” Filosa stated. “This is a legendary engine we phased out. In less than 12 months, it’s a record time: We returned the engine to the pickup trucks and launched them with this engine. The first day of announcement, we received 10,000 orders, six weeks after those orders went up to 50,000, and growing.”…