Tag: $Stellantis

CATL  and Stellantis’, joint venture is yet to decide how many workers will come from China to construct its battery plant in Spain, the JV’s chief executive told reporters on Wednesday, after reports that the firm would bring up to 2,000.

Stellantis STLA is investing in the U.S. Investors are happy.

Stellantis (STLAM.MI), said on Tuesday it faced greater headwinds this year including a 1.5-billion-euro impact from U.S. tariffs for 2025, with operating income in the second half set to be in the low-single digits following a tough first half.

Auto giant Stellantis expects a net loss of 2.3 billion euros ($2.68 billion) in the first half of the year amid pre-tax net charges and early effects of U.S. tariffs, the company said Monday in its preliminary figures.

Stellantis has asked for 82,000 Citroen C3 and DS3 vehicles in France with faulty Takata airbags to be removed from roads, a company spokesperson said on Thursday, one week after a woman in Reims died from injuries sustained by one of the airbags in a 2014 Citroen C3.

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 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 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.

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.

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 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.

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.

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

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.

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 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

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.

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.

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.

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.