Skip to content
Trending
March 3, 2025Here are the 3 things we’re watching in the stock market in the week ahead December 4, 2025Layoff announcements top 1.1 million this year, the most since 2020 pandemic, Challenger says July 4, 2025Some international LGBTQ+ travelers pull back on U.S. trips: ‘Why would I go there?’ September 17, 2025‘That’s cute’: Frontier CEO fires back at United CEO declaring discount airline model dead August 23, 2025What wealthy parents need to know about giving real estate to their kids September 20, 2025Big Tech companies, foreign governments scramble after Trump slaps $100,000 annual fee on H-1B visas February 18, 2025From tariffs to DOGE, what companies are saying about the impact of MAGA policies April 23, 2025Wall Street’s iconic charging bull statue vandalized by climate activists wielding neon green paint November 6, 2025Alibaba-backed Moonshot releases its second AI update in four months as China’s AI race heats up November 1, 2025Week in review: The Fed lowered interest rates, 2 portfolio stocks hit milestones
  Monday 8 June 2026
everydayread.net
  • HOME
  • Bitcoin
  • Business
  • Earnings
  • Economy
  • Finance
everydayread.net
everydayread.net
  • HOME
  • Bitcoin
  • Business
  • Earnings
  • Economy
  • Finance
everydayread.net
  Business  Stellantis’ Ram brand to offer industry-leading pickup truck warranty as part of turnaround plan
Business

Stellantis’ Ram brand to offer industry-leading pickup truck warranty as part of turnaround plan

AdminAdmin—June 18, 20250

Dodge Ram display is seen at the New York International Auto Show on April 16, 2025.

Danielle DeVries | CNBC

DETROIT — Ram Trucks plans to introduce an industry-leading warranty across its 2026 vehicle lineup this year as part of an 18-month turnaround plan for the Stellantis-owned brand.

The warranty covers the engine, transmission, transfer case, driveshafts, differentials and axles for 10 years or 100,000 miles, whichever comes first. It replaces Ram’s current five-year or 60,000-mile warranty, which is relatively standard for full-size pickup trucks across the automotive industry.

The new warranty comes as vehicles — especially pickup trucks — have grown more expensive in recent years, which often results in longer financing that extends far beyond the warranties of the vehicles themselves.

“Eighty-five percent of truck buyers finance for seven years or more. They keep it for 12 years because everything’s gotten more expensive,” Ram CEO Tim Kuniskis said during a media event. “But you know what hasn’t changed? No one has changed the warranty. They’re investing more and more and more money in your brand, but you’re not investing more money to protect them.”

Edmunds.com analysts report that 84-month loans for new car buyers hit an all-time high of 19.8% during the first quarter, while another 67.4% of new vehicle financing loans were between 60 months and 75 months.

More stories

Walmart is getting a bump from a surprising cohort: Wealthier shoppers

February 20, 2025

Athlete-backed Jams takes on peanut butter and jelly, protein craze

July 14, 2025

Why it suddenly feels like every fast-food restaurant has fun, flavored drinks

March 24, 2025

Government shutdown means opportune timing for Neptune Flood IPO

October 1, 2025

Ram CEO Tim Kuniskis during a media event to reintroduce the Hemi V-8 engine at Stellantis’ North American headquarters in June 2025.

Michael Wayland / CNBC

Kuniskis, who’s leading the brand’s turnaround plan after unretiring in December, said he believes the new offer will help with retaining current customers, attracting new ones and potentially regaining former owners who may have left the brand in recent years.

“We think this is going to be a significant move in the right direction,” said Kuniskis, whose brand has experienced a roughly 38% sales decline since record results in 2019. “It’s going to be the best truck warranty in the business.”

Ford Motor and General Motors’ GMC and Chevrolet brands — the leading sellers of full-size pickup trucks ahead of Stellantis — as well as Toyota Motor currently offer five-year or 60,000-mile limited powertrain warranties on their gas-powered full-size pickup trucks. Some diesel models offer higher warranties.

Kuniskis said the 100,000-mile/10-year warranty offer might be extended past this year, pending acceptance and popularity among customers.

“If the reception is good, our full intention is to keep it going after the end of the year,” Kuniskis told CNBC during a recent interview.

Offering longer-term warranties can cost automakers billions of dollars if mass-produced vehicles end up having quality problems, but Kuniskis said the rewards outweighed the risks.

“Warranties always have inherent risk in them,” he said. “What we determined, though, was that the perceived value from the customer outweighs what our increased cost is going to be.”

Longer warranties also can mean customers keep their vehicles for longer, meaning fewer potential sales in the years ahead.

Here's why Stellantis is struggling

The limited powertrain warranty is applicable to the original owner of 2026 model-year Ram trucks and vans, including its chassis cab lineup. It includes retail purchases and leases to individuals and businesses, and excludes fleet purchases as well as its Ram Promaster electric van.

A 10-year/100,000 limited powertrain warranty isn’t unprecedented for the auto industry. For example, South Korean automaker Kia offers it across its lineup of new vehicles.

Don’t miss these insights from CNBC PRO

JPMorgan Chase unveils new Sapphire Reserve card perks and $795 annual fee
CrowdStrike shares drop on weak revenue guidance
Related posts
  • Related posts
  • More from author
Business

American Airlines no longer lets basic economy flyers earn miles

December 18, 20250
Business

Delta president Glen Hauenstein, who helped turn airline into industry profit leader, to retire in February

December 17, 20250
Business

Consumers are feeling gloomy about the economy. Here’s why they’re spending anyway

December 16, 20250
Load more
Read also
Earnings

Google cloud growth tops Microsoft and Amazon as all three beat estimates on AI demand

May 2, 20260
Finance

Visa says new AI shopping tool has helped customers with hundreds of transactions

December 18, 20250
Economy

Trust these numbers? Economists see a lot of flaws in delayed CPI report showing downward inflation

December 18, 20250
Earnings

Nike tops earnings estimates but shares fall as China sales plunge, tariffs hit profits

December 18, 20250
Business

American Airlines no longer lets basic economy flyers earn miles

December 18, 20250
Finance

Billionaire fund manager Ron Baron praises beaten-up financial stock whose new CEO he compares to Jamie Dimon

December 17, 20250
Load more
    © 2022, All Rights Reserved.
    • About Us
    • Advertise With Us
    • Contact Us
    • Disclaimer
    • Cookie Law
    • Privacy Policy
    • Terms & Conditions