Business
Stellantis resurrects $100,000 Ram TRX V-8 pickup truck amid industry deregulation
2027 Ram 1500 SRT TRX
Stellantis
DETROIT — Stellantis is resurrecting a V-8-powered Ram pickup truck called the TRX as the company faces fewer federal emissions regulations and enacts a U.S. sales turnaround plan for its brands.
The automaker said Thursday that the 2027 Ram 1500 SRT TRX will be available late in 2026 for around $100,000. It was first produced for the 2021-2024 model years before being canceled as the company de-emphasized V-8 engines.
The TRX is powered by a supercharged 6.2-liter “Hellcat” gas engine capable of 777 horsepower and 680 foot-pounds of torque. The automaker is calling it the “fastest and most powerful production gas pickup truck in the world,” capable of 0–60 mph in 3.5 seconds and a top speed of 118 mph.
“We had to push it to the next level,” Ram CEO Tim Kuniskis said during a recent media event. “We’re super happy about this one coming back.”
Despite relatively low sales in the past due to the vehicle’s price, the TRX is viewed as a “halo” model for the brand, or a high-end vehicle that brings attention to Ram and potentially boosts sales for other models. It’s been a successful strategy for Kuniskis, especially with the company’s SRT performance vehicles.
2027 Ram 1500 SRT TRX
Stellantis
The return of the TRX is the latest move for the brand under Kuniskis, who has been leading a turnaround plan since unretiring from the automaker a year ago.
Kuniskis aims to make more than 25 announcements through next year. Thus far they have included returning to NASCAR with mechanical bull rides and a new race truck, resurrecting Hemi V-8 engines with a new “Symbol of Protest,” and killing a long-promised battery-electric version of its 1500 truck.
The 2027 Ram 1500 SRT TRX will start at $99,995, excluding a mandatory $2,595 destination fee that bumps the price to $102,590. The initial TRX started at $71,690 in 2020, including destination.
Ram on Thursday also announced a new 6.7-liter Cummins high-output turbo diesel engine for its 2027 Ram Power Wagon heavy-duty truck with 430 horsepower and 1,075 foot-pounds of torque.
Shifting plans
Many of the new efforts go against Stellantis’ previous plans to discontinue gas V-8 vehicles amid more stringent fuel economy regulations and penalties. But those policies have either been weakened or disappeared under the Trump administration.
Kuniskis said the rollback should help sales, but that he was “going to do it anyway” regardless of the standards.
2027 Ram 1500 SRT TRX
Stellantis
Kuniskis has embraced V-8 engines again, including with resurrecting the TRX, as part of an effort to revive Stellantis’ U.S. sales, which plummeted under former Stellantis CEO Carlos Tavares from 2021 to 2024.
During that time, the automaker — formed in 2021 through a merger of Fiat Chrysler and PSA Groupe — fell from the No. 4 automaker in U.S. sales to No. 6.
Stellantis’ sales through the third quarter of last year were 6% lower compared with a year earlier. Cox Automotive expects the automaker to finish the year with 1.25 million sales in the U.S., down 4.4% from 2024 and off from more than 2 million sales in 2020.
Kuniskis, who also oversees all of Stellantis’ U.S. brands, said both Ram and Jeep — the automaker’s most critical domestic brands — are going “in the right direction” to capitalize on growth next year.
2027 Ram 1500 SRT TRX
Stellantis
That could be more difficult than it has been in the past, as auto forecasters such as Cox expect relatively flat or even falling auto sales in 2026. That means the automaker will have to conquest buyers from other brands.
“It’s still a strong industry, so as long as we get our piece of it, we’ll be OK,” Kuniskis said.
Jeep reset
Ram isn’t the only Stellantis brand looking for a revival.
Jeep CEO Bob Broderdorf, much like Kuniskis, has been initiating a turnaround strategy for the company’s Jeep brand. Jeep has experienced years of annual sales declines since it hit record sales of more than 973,000 vehicles in 2018.
The “Jeep reset” plan includes repositioning the brand’s pricing, models and standard features, according to Broderdorf.
“This is going to be the last piece of the puzzle, I think, to resetting the foundation for Jeep this year and really getting into what makes it special going forward,” Broderdorf told CNBC during an interview Dec. 16. “It’s a much better Jeep.”
Kuniskis described the Jeep reset plan as “making Jeep more Jeep.”
The most recent actions essentially streamline Jeep’s product lineup into fewer models, more content and a pricing strategy with fewer overlaps, from smaller vehicles such as the Compass and Cherokee to the bigger Grand Cherokee and Grand Wagoneer.
“The entire Jeep lineup is better,” Broderdorf said. “I think we’re laying a very strong foundation for growth going into next year, plus the new cars.”
New upcoming Jeeps include a resurrected Cherokee midsize SUV as well as an all-electric Recon inspired by the brand’s iconic Wrangler off-road SUV.
2025 could be the year that Jeep breaks the trend and notches its first U.S. sales increase since 2018, but Broderdorf said in mid-December that the brand will be close to the goal, so it could go either way.
Broderdorf said Jeep remains profitable despite the pricing changes as well as lower sales amid the turnaround plan.
“We’re going to grow healthy,” he said. “I think this is what the brand needs. We’re going to grow.”
Amid reports of a Rs 111 increase in the price of commercial LPG cylinders, the Government on Thursday said that commercial LPG prices are market-determined and directly linked to international benchmarks. Any revision in commercial LPG prices reflects changes in global LPG prices and related costs, while domestic LPG prices for household consumers remain unchanged, Ministry of Petroleum & Natural Gas said.
The ministry said that India imports around 60 per cent of its total LPG requirement. As a result, domestic LPG pricing is linked to international prices, with Saudi Contract Price (CP) acting as the global benchmark. “Accordingly, revisions in commercial LPG prices reflect movements in global LPG prices and associated costs. The prices of domestic LPG remains unchanged,” the ministry added.
While the average Saudi CP increased by about 21 per cent from $ 385 per metric tonne in July 2023 to $ 466 per metric tonne in November 2025, domestic LPG prices in India were actually reduced by around 22 per cent during the same period.
The price came down from Rs 1103 in August 2023 to Rs 853 in November 2025. To protect household consumers, the effective price of a 14.2 kg domestic LPG cylinder, which costs around Rs 950, is being provided at Rs 853 for non-PMUY consumers in Delhi.
For beneficiaries under the Pradhan Mantri Ujjwala Yojana (PMUY), the effective price is even lower at Rs 553. This marks a reduction of nearly 39 per cent for PMUY consumers, compared to Rs 903 in August 2023, highlighting the Government’s focus on ensuring continued access to clean cooking fuel for economically weaker sections. There has been no change in these prices.
For the financial year 2025–26, the Government has approved the continuation of a targeted subsidy of Rs 300 per domestic LPG cylinder for PMUY beneficiaries, covering up to nine refills per year.
An expenditure of Rs 12,000 crore has been approved for this purpose — reinforcing the commitment to affordable clean energy for households.
Despite a rise in international LPG prices during 2024–25, the increased cost was not passed on to domestic consumers. This resulted in losses of about Rs 40,000 crore for Oil Marketing Companies (OMCs).
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Deepinder Goyal said the record deliveries were completed without any additional incentives for delivery partners
Deepinder Goyal said the gig economy has emerged as one of India’s largest organised job creation engines.
Delivery platform founder Deepinder Goyal defended India’s gig economy, arguing that a system that is fundamentally unfair would not be able to attract and retain large numbers of workers, after delivery partners’ unions held a nationwide strike on December 31.
Deepinder Goyal said that Zomato and its quick-commerce arm Blinkit clocked their highest-ever number of deliveries on New Year’s Eve, despite calls for work stoppages by sections of gig workers.
“One thought for everyone: if a system were fundamentally unfair, it would not consistently attract and retain so many people who choose to work within it,” Deepinder Goyal said in a post on X (formerly Twitter), cautioning against what he described as “narratives pushed by vested interests”.
Record Deliveries Despite Strike, Deepinder Goyal Says
Deepinder Goyal said that more than 4.5 lakh delivery partners across Zomato and Blinkit delivered over 75 lakh orders to more than 63 lakh customers in a single day- an all-time high for the platforms.
Deepinder Goyal said the record deliveries were completed without any additional incentives for delivery partners, adding that while New Year’s Eve typically sees higher incentives than normal days, this year was no different from previous New Year’s periods.
“Over 4.5 lakh delivery partners showed up for work,” he said, calling their participation significant and not negligible.
‘10-Minute Promise Not About Speeding’
In a follow-up post, Deepinder Goyal addressed concerns around Blinkit’s 10-minute delivery promise, pushing back against criticism that such timelines encourage unsafe driving.
“Our 10-minute delivery promise is enabled by the density of stores around your homes. It’s not enabled by asking delivery partners to drive fast,” he said.
Deepinder Goyal said delivery partners do not even see the promised delivery time on their apps.
“Delivery partners don’t even have a timer on their app to indicate what was the original time promised to the customer,” he added.
Explaining the process, he said orders are typically picked and packed within about 2.5 minutes, after which riders travel an average distance of under two kilometres in about eight minutes, translating to an average speed of around 15 kmph.
‘Hard To Imagine The Complexity’
Deepinder Goyal acknowledged public concern around safety, saying the criticism stems from a lack of understanding of how the system works.
“I understand why everybody thinks 10 minutes must be risking lives, because it is indeed hard to imagine the sheer complexity of the system design which enables quick deliveries,” he wrote.
He also urged sceptics to speak directly to delivery partners.
“If you’ve ever wanted to know why millions of Indians voluntarily take up platform work and sometimes even prefer it to regular jobs, just ask any rider partner when you get your next food or grocery order,” he said, adding, “You will be humbled by how rational and honest they will be with you.”
‘No System Is Perfect’
While defending the gig economy, Deepinder Goyal said platforms remain open to improvement.
“No system is perfect, and we are all for making it better than today,” he said, adding that the sector is “far from what it is being portrayed on social media by people who don’t understand how our system works and why”.
“If I were outside the system, I would also believe that gig workers are being exploited, but that’s not true,” he added.
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Delhi, India, India
January 01, 2026, 20:08 IST
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Rachel ClunBusiness reporter
Getty ImagesPeople buying cryptocurrency in the UK now need to share their account details or face penalties, in changes that came into effect on 1 January.
The move by the UK’s tax body is designed to ensure they pay all relevant tax on buying and selling crypto, including capital gains tax.
HMRC will begin automatically collecting information on all users of cryptocurrency exchanges – which are effectively the industry’s banks – in a bid to start collecting tens of millions in unpaid tax.
The change comes as the financial watchdog continues its consultation on tougher regulation for the industry, including measures to stop insider trading.
The value of Bitcoin, which is often seen as a barometer of the entire industry, surged from about $93,500 (£69,500) a coin at the start of 2025 to a high of nearly $124,500 before falling below $90,000 by the end of the year.
Investors who bought when the value was lower and sold when it was higher are in line to pay taxes, but authorities have historically struggled to collect it, says Dawn Register, a tax dispute resolution partner at accountancy firm BDO.
“HMRC has been concerned for some time about high levels of non-compliance among crypto investors,” she says.
The new rules coming in will make it much harder for the crypto rich to hide any untaxed gains, giving the tax authorities much more information about crypto users and their transactions.
Cryptocurrency exchanges, which act like banks for the industry allowing people to exchange standard currency for virtual coins, must now ensure they automatically share up to date and accurate accounts of all their users’ earnings.
If not, fines may be imposed.
These Cryptoasset Reporting Framework (CARF) regulations are being implemented in dozens of other countries which will make international cooperation easier for tax authorities to share information.
In the UK, the HMRC estimates there could be many thousands of crypto owners with unpaid tax bills and hope the new rules will bring in at least £300m in the next five years.
Ms Register warns that anyone who made crypto gains in the 2024-25 financial year may have to file a tax return before 31 January, through a new dedicated section in the self-assessment form.
“HMRC is also looking to encourage voluntary disclosure where people have unpaid tax in earlier years and want to correct their affairs,” she says.
“HMRC is running a disclosure facility where taxpayers can come clean on undeclared gains and unpaid tax prior to April 2024.”
Meanwhile, the Financial Conduct Authority is running public consultation until 12 February on other proposed crypto rules, which include standards for crypto exchanges, new requirements to ensure brokers act responsibly, and rules around crypto lending and borrowing.
Commenting on the consultation last month, the authority’s executive director for payments and digital finance David Geale said regulation was coming.
“Our goal is to have a regime that protects consumers, supports innovation and promotes trust. We welcome feedback to help us finalise these rules,” he said.
With additional reporting from Joe Tidy
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