Tag: $Stellantis

Stellantis invests $41 million in Italy to make EV engine parts

Automaker Stellantis is investing 38 million euros ($41 million) in its Verrone plant in Northern Italy to manufacture parts for electric engines for its upcoming small-size models, it said on Monday.

Stellantis to supply Italy’s Iveco with two EV vans for Europe

Stellantis and Iveco said on Friday they have agreed for the automaker to supply the Italian truckmaker two fully-electric (EV) van models, helping Iveco further expand its EV van range in Europe.

Stellantis to make hybrid vehicle parts at Termoli plant earmarked for EV batteries

Stellantis said on Monday it would make dual-clutch transmissions for hybrid vehicles at its Termoli plant in Southern Italy, which its joint venture ACC has earmarked for the creation of an electric vehicle battery-making hub.

Stellantis Italy output falls 37% in 2024, car production hits 68-year low

Vehicle production by car maker Stellantis in Italy fell by 37% last year, hit in particular by a steep plunge in car manufacturing, union figures showed on Friday.

Dodge maker Stellantis and China’s CATL team up to build $4.3 billion EV battery plant in Spain

Automaker Stellantis and Chinese battery giant CATL on Tuesday announced plans to jointly build a 4.1 billion euro ($4.3 billion), large-scale lithium iron phosphate (LFP) battery plant in Spain.

Stellantis CEO Carlos Tavares abruptly quits as US Jeep, Ram sales falter

Stellantis Chief Executive Carlos Tavares resigned abruptly on Sunday, two months after a profit warning at the maker of Jeep, Fiat and Peugeot cars that has lost around 40% of its value this year.

Dodge maker Stellantis posts 27% drop in revenues, flags progress in slashing U.S. inventories

Auto giant Stellantis on Thursday reported a 27% decline in third-quarter net revenues, but said it was making headway in addressing operational issues such as U.S. inventories.

Stellantis to shutter and sell large testing facility amid cost-cutting efforts

Automaker Stellantis plans to shutter and sell its large vehicle proving grounds in Arizona at the end of this year, CNBC has learned.

Stellantis recalls over 20,000 hybrid SUVs in US over brake pedal concern

Stellantis said on Wednesday that it is recalling 20,755 hybrid crossover SUVs in the U.S. due to a concern with the brake pedal on impacted models.

Stellantis CEO Carlos Tavares to retire in 2026 as automaker struggles in North America

Chrysler parent Stellantis confirmed on Thursday that CEO Carlos Tavares would retire at the end of his contract in early 2026 and announced major senior management changes as it struggles to turn around its lagging North American operations.

Stellantis CEO says too soon to confirm 2025 dividend as share price slides

Stellantis CEO Carlos Tavares pledged on Thursday to keep its dividend and share buyback programme in place this year, but did not rule out cuts in 2025, as investors worry that the carmaker’s financial woes will hamper future payouts

Stellantis and Aston Martin shares drop sharply after profit warnings amid China woes

Stocks of European carmakers hemorrhaged early on Monday as Stellantis and British luxury brand Aston Martin issued profit warnings, citing broader industry challenges and difficulties in the world’s largest auto market, China.

Stellantis faces unprecedented UAW strikes a year after national walkout

The United Auto Workers union is eying multiple U.S. strikes against French-Italian carmaker Stellantis about a year after a national walkout cost the Detroit Three automakers billions of dollars and idled 50,000 workers.

Jeep CEO enacts turnaround plan after significant sales declines

Stellantis’ Jeep brand is well known for scaling tough terrains, but its latest challenge of achieving 1 million vehicle sales domestically by 2027 will be a steep hill to climb.

Jeep-maker Stellantis reports sharp fall in revenue as it shifts car portfolio

Global automaker Stellantis on Tuesday reported a 12% decline in revenue in the first quarter, citing lower sales and foreign exchange effects, even as net pricing held firm.

Jeep, Dodge-maker Stellantis’ profit slides as Detroit Three strikes bite

In North America, Stellantis’ adjusted operating income margin fell 100 basis points year on year to 15.4%, which the auto giant said was “due primarily to production disruptions and costs related to new labor agreements.”

Stellantis to start in-depth talks with Italian govt to boost car production

MILAN, Nov 20 (Reuters) – Fiat-parent company Stellantis will start in-depth talks with the Italian government next month to finalise a broad agreement for the country’s automotive industry, including higher domestic production targets.

Stellantis Sees a Smaller Hit From UAW Strike Than Ford and GM

Stellantis -0.22%looks set to emerge from the six-week United Auto Workers strike with less damage than Ford Motor -1.94%and General Motors 0.51%. Overall, performance looks a little better than peers.

Jeep, Dodge maker Stellantis posts first-half revenue jump, confirms 2023 guidance

Carmaker Stellantis on Wednesday posted a 12% year-on-year jump in net revenues and 37% spike in net profit for the first half of 2023, boosted by higher shipments.

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Stellantis to reveal its first Europe-made affordable electric vehicle

Stellantis, the third-largest carmaker in the world by revenue, will reveal its first European-made, affordable electric car in mid-October.