Current:Home > StocksThe unofficial spokesman for the American muscle car, Tim Kuniskis, is retiring -MarketLink
The unofficial spokesman for the American muscle car, Tim Kuniskis, is retiring
View
Date:2025-04-18 14:49:30
DETROIT (AP) — Tim Kuniskis, CEO of the Ram and Dodge brands and the unofficial voice of American muscle cars, is retiring after nearly 32 years with Stellantis.
The announcement Friday comes as Stellantis struggles with U.S. sales as it begins the transition from internal combustion to electric vehicles. Through April, its sales were down 14.1% while the industry as a whole saw a 3.1% increase, according to Motorintelligence.com.
For years Kuniskis was the spokesman for high-performance American cars, introducing many powerful models including last year’s 1,025 horsepower Challenger SRT Demon 170.
But in March Kuniskis led the unveiling of two battery-powered versions of the Charger muscle car, while keeping one gas-powered version of the Charger without a big Hemi V8.
Recently Kuniskis was CEO of both the Dodge and Ram brands. He’ll be replaced at Ram by Chris Feuell, who will take on Dodge in addition to her duties leading the Chrysler brand.
Matt McAlear will become Dodge brand CEO. He led Dodge sales and has broad automotive experience, the company said in a statement.
Both brands are struggling with Dodge phasing out the old versions of the gas powered Charger and Challenger as it moves to electric vehicles. Dodge sales through April are down more than 17%. The brand also is selling the Hornet small SUV made in Italy, but it hasn’t caught on.
Ram sales are down over 29% so far this year as a Michigan factory is retooled to build an updated full-size pickup.
At a March event in Detroit showing off the new electric Chargers, Kuniskis also exhibited a gas-fueled Charger powered by a new 3-liter six-cylinder engine with two turbochargers. A high-output version will have 550 horsepower.
Kuniskis defended keeping the gasoline version and said the electric muscle cars, which will roar like gas-engine vehicles, will emphasize performance over efficiency.
Under normal circumstance, he said, about 17 million vehicles are sold annually in the U.S. “You know what? People need choices,” he said.
Kuniskis said he would expect criticism from environmental groups if Dodge had not come out with electric versions of the Charger.
“It’s designed for performance and it has low range, but it’s still a battery electric vehicle. They’re going to hate on that? Seems kind of odd.”
Globally, Stellantis’ first quarter global vehicle shipments fell 10% from a year ago to 1.34 million, and revenue dropped 12% to 41.7 billion euros ($44.8 billion).
The company blamed the revenue dip on lower sales as it manages production and inventory while launching 25 new models this year, including 18 electric vehicles. Chief Financial Officer Natalie Knight said Stellantis believes the new models will bring “materially improved growth and profitability in the second half.”
veryGood! (518)
Related
- Could Bill Belichick, Robert Kraft reunite? Maybe in Pro Football Hall of Fame's 2026 class
- What you didn't see on TV during the SAG Awards, from Barbra Streisand to Pedro Pascal
- Inexpensive Clothing Basics on Amazon that Everyone Needs in Their Wardrobe STAT
- What killed Flaco the owl? New York zoologists testing for toxins, disease as contributing factors
- Jamie Foxx gets stitches after a glass is thrown at him during dinner in Beverly Hills
- SAG Awards 2024 winners list: 'Oppenheimer' wins 3, including outstanding ensemble cast
- Kara Swisher is still drawn to tech despite her disappointments with the industry
- The One Where Jennifer Aniston Owns the 2024 Sag Awards Red Carpet
- Warm inflation data keep S&P 500, Dow, Nasdaq under wraps before Fed meeting next week
- Miley Cyrus’ 'phallic room' of sex toys made her a perfect fit for 'Drive-Away Dolls'
Ranking
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- SAG Awards 2024 winners list: 'Oppenheimer' wins 3, including outstanding ensemble cast
- What killed Flaco the owl? New York zoologists testing for toxins, disease as contributing factors
- Kara Swisher is still drawn to tech despite her disappointments with the industry
- Jamie Foxx reps say actor was hit in face by a glass at birthday dinner, needed stitches
- Lithium ion battery caused fatal fire in New York City apartment building, officials say
- Will 'Blank Space' chant continue after Sydney on Eras Tour? Taylor Swift's team hopes so
- The NFL should be ashamed of itself that Eric Bieniemy has to coach in college
Recommendation
Appeals court scraps Nasdaq boardroom diversity rules in latest DEI setback
Have a look at the whos, whats and whens of leap year through time
Amazon joins 29 other ‘blue chip’ companies in the Dow Jones Industrial Average
Border Patrol releases hundreds of migrants at a bus stop after San Diego runs out of aid money
Sonya Massey's father decries possible release of former deputy charged with her death
2024 SAG Awards: Josh Hartnett Turns Attention to Oppenheimer Costars During Rare Interview
Ukraine-Russia war hits 2-year mark with Kyiv desperate for more U.S. support and fearing abandonment
What recession? Professional forecasters raise expectations for US economy in 2024