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May 24, 2022

Stellantis

Stellantis to start reshuffle of dealer network next year

Reuters
Stellantis logo and stock graph are seen displayed in this illustration taken, May 3, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register VERONA, Italy, May 18 (Reuters) – Stellantis (STLA.MI) will start a reshuffle of its European dealers’ network next year from Austria, Belgium and the......

Stellantis CEO Carlos Tavares warns about future electric vehicle battery shortage, reliance on Asia

Detriot News
Detroit News – For more and to sign up click here The CEO of Jeep maker Stellantis NV on Tuesday joined the chorus of voices in the auto industry warning about a future shortage of electric-vehicle batteries without more production in Europe and the United States, potentially risking the transatlantic automaker’s......

Chrysler parent Stellantis plans $2.8 billion overhaul of two Canadian factories to build EVs

CNBC
CNBC – For more and to sign up click here Flag with the Stellantis logo on the front entrance to FCA’s Mirafiori plant on January 18, 2021 in Turin, Italy. Stefano Guidi | Getty Images Auto giant Stellantis will invest about $2.8 billion to overhaul two Canadian factories to build......

Stellantis to boost EV plants with C$3.6 bln investment

Reuters
A view shows the logo of Stellantis at the entrance of the company’s factory in Hordain, France, July 7, 2021. REUTERS/Pascal Rossignol Register now for FREE unlimited access to Reuters.com Register May 2 (Reuters) – Stellantis N.V. (STLA.MI) will spend up to C$3.6 billion ($2.8 billion) to boost production of......

Windsor to take home for Stellantis, LG Energy Solution battery plant

Detriot News
Detroit News – For more and to sign up click here The city of Windsor moved Monday to expropriate a roughly 1-acre residential parcel that’s standing between the community on the other side of the Detroit River and a $4.1 billion battery plant from the maker of Jeep SUVs and Chrysler minivans......

France’s Macron, Le Pen call Stellantis CEO’s pay package “shocking”

Reuters
PARIS, April 15 (Reuters) – French President Emmanuel Macron and his far-right challenger Marine Le Pen on Friday called the pay package of Franco-Italian carmaker Stellantis’ CEO “shocking” with excessive executive pay now a hot topic in France’s tight-run presidential election. Just 9 days ahead of a runoff that will......

Stellantis CEO upbeat on U.S. as shareholders vote against pay package

Reuters
The logo of Stellantis is seen on a company’s building in Velizy-Villacoublay near Paris, France, February 23, 2022. REUTERS/Gonzalo Fuentes Register now for FREE unlimited access to Reuters.com Register CEO sees North America sale to grow 3% this year Co confirms forecast for double digit margin in 2022 52.12% of......

Stellantis, LG Energy Solution to invest $4.1 billion in Canadian EV battery plant

CNBC
CNBC – For more and to sign up click here Chris Feuell, CEO of Chrysler brand of Stellantis, introduces the all-electric Chrysler Airflow Concept vehicle during a Stellantis press event at CES 2022 at the Las Vegas Convention Center on January 5, 2022 in Las Vegas, Nevada. Alex Wong |......

Stellantis’ battery plans take shape in Italy, Canada

Reuters
Stellantis JV ACC to build battery plant in Italy Total investment around 2.3 bln euros LGES and Stellantis set up JV for Canada gigafactory ACC to raise capacity of European plants to 120 GWh ACC’s Europe investment plan to top 7 bln euros ROME, March 23 (Reuters) – Stellantis (STLA.MI)......

Stellantis ‘not shy’ about cost cuts, improvements in North America

Detriot News
Detroit News – For more and to sign up click here The CEO of the maker of Jeep SUVs and Ram pickup trucks claimed victory over competitors for its performance in North America last year, but he emphasized there’s more work to do — and that work is creating friction with......

Stellantis mines tech industry for software talent

Detriot News
Detroit News – For more and to sign up click here Undergoing a historic transformation, access to global opportunities and a love for iconic vehicles rank among the reasons workers are leaving traditional technology titans of video game makers and microchip designers for a future with a legacy automaker. Companies like Stellantis NV are seeking to......

Stellantis set to repay state-backed Italian loan early, sources say

Reuters
Workers install a flag with the logo of Stellantis, the world’s fourth-largest automaker which starts trading in Milan and Paris after Fiat Chrysler and Peugeot maker PSA finalised their merger, at the main entrance of FCA Mirafiori plant in Turin, Italy, January 18, 2021. REUTERS/Massimo Pinca Register now for FREE......

Stellantis eyes greater stake of GAC JV in Chinese overhaul

Reuters
The logo of Stellantis is seen in this image provided on November 9, 2020. Communication FCA /Handout via REUTERS/File Photo Register now for FREE unlimited access to Reuters.com Register Stellantis says stake in JV would increase to 75% GAC says no formal agreement agreement signed JV produces Jeep-branded vehicle in......

After flying start, Stellantis must tackle Tesla and China

Reuters
A view shows the logo of Stellantis at the entrance of the company’s factory in Hordain, France, July 7, 2021. REUTERS/Pascal Rossignol Register now for FREE unlimited access to Reuters.com Register Stellantis shares up over 60% in 1st year, beating Tesla Company to unveil business plan on March 1 Investors......

Amazon and Stellantis partner to deploy smarter cars, cleaner vans

Reuters
Jan 5 (Reuters) – Amazon.com Inc and Stellantis NV (STLA.MI) said Wednesday they will collaborate to develop cars and trucks with Amazon software in the dashboards, and deploy electric vans made by Stellantis on Amazon’s delivery network. The agreements expand Amazon’s efforts to get a bigger foothold in the transportation......

Stellantis taps Amazon to bolster software plans, will sell it electric Ram ProMaster vans

Detriot News
Detroit News – For more and to sign up click here The maker of Jeep SUVs and Ram pickup trucks is looking to Amazon.com Inc. to get a leg up in its efforts to profit from software-based products and services in its vehicles. Stellantis NV and the e-commerce giant on......

Carmaker Stellantis reshuffles European financing operations

Reuters
Stellantis to create 50-50 leasing JV with Credit Agricole Aims to more than double leased vehicle fleet Co to operate JVs in financing with BNP, Santander Co to sell 50% stake in FCA Bank Plan expected to be completed in H1 2023 MILAN, Dec 17 (Reuters) – Carmaker Stellantis is......

Stellantis looks to revenue-generating software for its cars

Reuters
Stellantis to have 34 million connected cars by 2030 Company to develop AI-powered platforms from 2024 Stellantis seen as a laggard in advanced technology MILAN, Dec 7 (Reuters) – Automaker Stellantis (STLA.MI) rolled out its software strategy on Tuesday including a 2030 target of 20 billion euros ($22.54 billion) in......

Stellantis CEO says EV cost burden is ‘beyond the limits’ for automakers

Reuters
DETROIT, Dec 1 (Reuters) – Stellantis NV (STLA.MI) Chief Executive Carlos Tavares said external pressure on automakers to accelerate the shift to electric vehicles potentially threatens jobs and vehicle quality as producers struggle to manage the higher costs of building EVs. Governments and investors want car manufacturers to speed up......

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