Stellantis
By Nick Carey, Ben Klayman and Gilles Guillaume PARIS (Reuters) – Carlos Tavares’ packed schedule of public events at the Paris auto show on Monday signals the Stellantis (NYSE:) CEO will come out fighting after a massive profit warning in late September, even after announcing his retirement date. The Sept.…
By Giulio Piovaccari MILAN/LONDON (Reuters) -Shares in French-Italian automaker Stellantis (NYSE:) resumed their decline on Friday after the carmaker said CEO Carlos Tavares would retire in 2026 and announced wide management changes which failed to lift sentiment. The moves came after the owner of brands including Peugeot (OTC:), Fiat, Jeep…
By David Shepardson and Ben Klayman WASHINGTON/DETROIT (Reuters) -Chrysler parent Stellantis (NYSE:) said on Monday it has filed eight additional lawsuits against the United Auto Workers and 23 local units, saying the union has violated its contract by threatening to strike over the company’s delays in planned investments. Stellantis had…
By Nora Eckert and Giulio Piovaccari DETROIT/MILAN (Reuters) – Chrysler-parent Stellantis (NYSE:) is seeking to strengthen its positioning in North America by slashing its bloated inventories and cutting vehicle prices, the group’s finance chief said on Monday. The automaker is aiming to cut 100,000 vehicles from its U.S. inventories by…
By Giulio Piovaccari, Gilles Guillaume and Nora Eckert DETROIT (Reuters) – Stellantis (NYSE:) CEO Carlos Tavares will visit Detroit this week, where he will seek to develop a strategy to fix the European automaker’s struggling North American operations and reassure employees and investors, a person familiar with the plans said.…
By David Shepardson and Abhijith Ganapavaram (Reuters) – Stellantis (NYSE:) said on Tuesday its planned investments at Belvidere, Illinois, will be delayed but insisted it is committed to moving forward and is not in violation of its union contract. On Monday, the United Auto Workers union said some of its…
In the highly competitive automotive industry, Stellantis N.V. (EXCHANGE:NYSE:), known for its Ram pickups and Jeep SUVs, has become a major player with global scale, selling over 6 million units annually. With a diverse portfolio that includes luxury vehicles like Maserati, premium brands such as Alfa Romeo and Lancia, and…
