WEATHER ALERT
Stellantis CEO under fire from Italian lawmakers as the group grapples with financial troubles
Read full article: Stellantis CEO under fire from Italian lawmakers as the group grapples with financial troublesItalian lawmakers on Friday questioned the head of troubled French-Italian automaker Stellantis over the group’s strategy, one day after it announced a management shakeup in an effort to revive sales.
Jeep urges 194,000 plug-in hybrid SUV owners to stop charging and park outdoors due to fire risk
Read full article: Jeep urges 194,000 plug-in hybrid SUV owners to stop charging and park outdoors due to fire riskJeep is recalling more than 194,000 plug-in hybrid SUVs worldwide because they can catch fire with the ignition turned off.
Italy's automotive workers plan to strike on Oct. 18 over a fall in output at Stellantis
Read full article: Italy's automotive workers plan to strike on Oct. 18 over a fall in output at StellantisItaly's main metalworkers union says workers in the automotive sector will go on strike on Oct. 18 in protest of declining output from Stellantis, the biggest carmaker in the country.
Struggling Jeep and Ram maker Stellantis is searching for a new CEO
Read full article: Struggling Jeep and Ram maker Stellantis is searching for a new CEOStruggling Jeep and Ram maker Stellantis is looking for a CEO to succeed Carlos Tavares, but the company says it’s just part of a normal leadership succession plan.
UAW fight with Stellantis escalates as union files unfair labor charges over factory commitments
Read full article: UAW fight with Stellantis escalates as union files unfair labor charges over factory commitmentsThe United Auto Workers’ rift with Stellantis widened Monday as the union filed federal labor charges over possibly moving production of an SUV out of the country.
UAW's rift with Stellantis raises fear that some US auto jobs could vanish
Read full article: UAW's rift with Stellantis raises fear that some US auto jobs could vanishU.S. autoworkers warn that a dispute between their union and Stellantis over delays in reopening a shuttered factory in Belvidere, Illinois, is much bigger than that one plant.
Stellantis to invest $406 million at 3 factories, a step toward meeting commitments in UAW contract
Read full article: Stellantis to invest $406 million at 3 factories, a step toward meeting commitments in UAW contractStellantis will spend $406 million retooling three Michigan factories so they can build electric vehicles or battery parts.
Stellantis recalls 1.5M Ram trucks to fix software bug that can disable stability control
Read full article: Stellantis recalls 1.5M Ram trucks to fix software bug that can disable stability controlStellantis is recalling nearly 1.5 million Ram pickups worldwide to fix a software problem that can disable the electronic stability control.
Stellantis warns union of 2,000 or more potential job cuts at an auto plant outside Detroit
Read full article: Stellantis warns union of 2,000 or more potential job cuts at an auto plant outside DetroitStellantis is warning that it could lay off as many as 2,450 of the 3,700 union workers employed at a truck plant just outside of Detroit.
To cut costs and keep vehicle prices down, Stellantis makes buyout offers to US white-collar workers
Read full article: To cut costs and keep vehicle prices down, Stellantis makes buyout offers to US white-collar workersJeep and Ram maker Stellantis says it will offer buyout packages to many of its U.S. white-collar workers just five days after the company’s CEO said the auto industry is in the middle of a significant storm.
Automakers hit 'significant storm,' as buyers reject lofty prices at time of huge capital outlays
Read full article: Automakers hit 'significant storm,' as buyers reject lofty prices at time of huge capital outlaysInvestors are punishing automakers’ stocks this week after second-quarter earnings reports exposed industrywide issues of slowing sales and high prices.
Stellantis tells owners of over 24,000 hybrid minivans to park outdoors due to battery fire risk
Read full article: Stellantis tells owners of over 24,000 hybrid minivans to park outdoors due to battery fire riskStellantis is telling owners of more than 24,000 plug-in hybrid minivans to park them outdoors away from buildings, and to stop charging them due to the possibility of battery fires.
Biden awards $1.7 billion to boost electric vehicle manufacturing and assembly in 8 states
Read full article: Biden awards $1.7 billion to boost electric vehicle manufacturing and assembly in 8 statesThe Biden administration is awarding nearly $2 billion in grants to help restart or expand electric vehicle manufacturing and assembly sites in eight states, including the presidential battlegrounds of Michigan, Pennsylvania and Georgia.
Europe's Stellantis and China's Leapmotor will sell electric cars in Europe in September
Read full article: Europe's Stellantis and China's Leapmotor will sell electric cars in Europe in SeptemberEuropean carmaker Stellantis says it will begin selling electric vehicles from its Chinese partner Leapmotor in nine European countries later this year.
Dodge muscle cars live on with new versions of the Charger powered by electricity or gasoline
Read full article: Dodge muscle cars live on with new versions of the Charger powered by electricity or gasolineAmerica’s muscle car culture is adapting to the new world of electric vehicles, but the gasoline-powered high-performance road beasts will be around for at least a few more years.
Flexible underpinnings of new big Stellantis vehicles will help company navigate political changes
Read full article: Flexible underpinnings of new big Stellantis vehicles will help company navigate political changesOn the surface, the platform beneath a new generation of automobiles has little to do with politics and elections.
Union workers at Stellantis and Ford close to ratifying deals that would end lengthy labor disputes
Read full article: Union workers at Stellantis and Ford close to ratifying deals that would end lengthy labor disputesMembers of the United Auto Workers union were close to approving contract agreements with Stellantis and Ford on Friday with voting at both companies overwhelmingly in favor.
Stellantis to offer buyout and early retirement packages to 6,400 U.S. nonunion salaried workers
Read full article: Stellantis to offer buyout and early retirement packages to 6,400 U.S. nonunion salaried workersStellantis says it will offer buyout or early retirement packages to about 6,400 nonunion U.S. salaried employees.
GM, Stellantis among group investing $33M in company that makes magnets without rare earth metals
Read full article: GM, Stellantis among group investing $33M in company that makes magnets without rare earth metalsThe venture capital arms of General Motors and Stellantis are among investors sinking $33 million into a Minnesota company with technology to make magnets for electric vehicle motors without using expensive rare-earth metals.
With electric vehicle sales growth slowing, Stellantis Ram brand has an answer: An onboard charger
Read full article: With electric vehicle sales growth slowing, Stellantis Ram brand has an answer: An onboard chargerOne of the biggest reasons people cite when saying they won’t buy an electric vehicle is range anxiety.
New vehicles from Detroit's automakers are planned in contracts that ended UAW strikes
Read full article: New vehicles from Detroit's automakers are planned in contracts that ended UAW strikesStellantis plans to build a new midsize pickup truck, along with battery-run versions of six Jeep, Ram and Dodge vehicles.
Biden spent weeks of auto strike talks building ties to UAW leader that have yet to fully pay off
Read full article: Biden spent weeks of auto strike talks building ties to UAW leader that have yet to fully pay offPresident Joe Biden made a major commitment to cultivate a relationship with the new head of the United Auto Workers before the start of strikes at General Motors, Ford and Stellantis.
Auto strike settlements will raise costs for Detroit's Big 3. Will they be able to raise prices?
Read full article: Auto strike settlements will raise costs for Detroit's Big 3. Will they be able to raise prices?From generous pay and benefits to stronger job security, the United Auto Workers union won significant concessions in tentative settlements that have ended their strikes against Detroit’s automakers.
Stellantis expects North American strike to cost it 750 million euros in third-quarter profits
Read full article: Stellantis expects North American strike to cost it 750 million euros in third-quarter profitsAutomaker Stellantis says that the autoworkers strike in North America is expected to cost the company around 750 million euros ($795 million) in profits — less than its North American competitors.
UAW reaches deal with General Motors that ends strikes against Detroit automakers pending votes
Read full article: UAW reaches deal with General Motors that ends strikes against Detroit automakers pending votesThe United Auto Workers union says it reached a tentative contract with General Motors, the last of the Detroit Three automakers to agree to a deal.
UAW escalates strike against lone holdout GM after landing tentative pacts with Stellantis and Ford
Read full article: UAW escalates strike against lone holdout GM after landing tentative pacts with Stellantis and FordThe United Auto Workers union has widened its strike against General Motors, the lone holdout among the three Detroit automakers, after reaching a tentative contract agreement with Jeep maker Stellantis.
UAW and Stellantis reach tentative contract deal as union adds strike at Tennessee GM factory
Read full article: UAW and Stellantis reach tentative contract deal as union adds strike at Tennessee GM factoryJeep maker Stellantis reached a tentative contract agreement with the United Auto Workers union on Saturday as it escalated strikes against General Motors by adding a plant in Tennessee.
General Motors and Stellantis in talks with United Auto Workers to reach deals that mirror Ford's
Read full article: General Motors and Stellantis in talks with United Auto Workers to reach deals that mirror Ford'sGeneral Motors and Jeep maker Stellantis are meeting with United Auto Workers bargainers to see if they can reach a contract agreement that mirrors a deal signed with crosstown rival Ford.
Autoworkers strike at Stellantis plant shutting down big profit center, 41,000 workers now picketing
Read full article: Autoworkers strike at Stellantis plant shutting down big profit center, 41,000 workers now picketingThe United Auto Workers union has once again escalated its strikes against Detroit Three automakers, this time adding a factory that makes Ram pickup trucks for Stellantis.
Stellantis cancels presentation at Las Vegas technology show due to UAW strike impact
Read full article: Stellantis cancels presentation at Las Vegas technology show due to UAW strike impactStellantis has said it will be canceling its participation in next year’s CES technology show in Las Vegas due to the “mounting” costs of the ongoing auto workers strike in North America.
Canadian auto workers, GM reach tentative contract agreement, ending strike that began at midnight
Read full article: Canadian auto workers, GM reach tentative contract agreement, ending strike that began at midnightGeneral Motors and the union representing Canadian auto workers have reached a tentative contract agreement, ending a strike that began just after midnight.
Auto workers stop expanding strikes against Detroit Three after GM makes battery plant concession
Read full article: Auto workers stop expanding strikes against Detroit Three after GM makes battery plant concessionThe United Auto Workers union says it will not expand its strikes against Detroit’s three automakers after General Motors made a breakthrough concession on unionizing electric vehicle battery plants.
Auto workers still have room to expand their strike against car makers. But they also face risks
Read full article: Auto workers still have room to expand their strike against car makers. But they also face risksEven after escalating its strike against Detroit automakers, the United Auto Workers union still has plenty of leverage in its effort to force the companies to agree to significant increases in pay and benefits.
Walkout at Orlando parts depot as United Auto Workers strike expands
Read full article: Walkout at Orlando parts depot as United Auto Workers strike expandsUnion workers at a Stellantis parts depot in Orlando walked off the job Friday as the United Auto Workers union expanded its strike against major automakers across the country.
Jeep maker Stellantis makes a new contract offer as auto workers prepare to expand their strike
Read full article: Jeep maker Stellantis makes a new contract offer as auto workers prepare to expand their strikeDetroit carmakers are announcing more layoffs that they blame on fallout from the United Auto Workers strike.
United Auto Workers threaten to expand targeted strike if there is no substantive progress by Friday
Read full article: United Auto Workers threaten to expand targeted strike if there is no substantive progress by FridayThe United Auto Workers union is preparing to expand its strike against Detroit’s Big Three unless it sees progress in contract negotiations.
The auto workers strike will drive up car prices, but not right away — unless consumers panic
Read full article: The auto workers strike will drive up car prices, but not right away — unless consumers panicIf the United Auto Workers strike isn't settled soon, consumers will see higher prices for new cars — and not just the ones from Detroit.
Workers are on strike at all 3 Detroit auto makers for the first time in their union’s history
Read full article: Workers are on strike at all 3 Detroit auto makers for the first time in their union’s historyNearly one in 10 of America’s unionized auto workers went on strike Friday at Detroit’s three automakers.
UAW chief: Union to strike any Detroit automaker that hasn't reached deal as contracts end next week
Read full article: UAW chief: Union to strike any Detroit automaker that hasn't reached deal as contracts end next weekThe head of the United Auto Workers warned that the union plans to go on strike against any Detroit automaker that hasn’t reached a new agreement by the time contracts expire next week.
Auto workers vote overwhelmingly to let union leaders call strikes against Detroit companies
Read full article: Auto workers vote overwhelmingly to let union leaders call strikes against Detroit companiesAuto workers have voted overwhelmingly to give union leaders the authority to call strikes against Detroit car companies if a contract agreement isn’t reached.
With contracts set to expire Sept. 14, auto union chief says talks with Detroit 3 aren't going well
Read full article: With contracts set to expire Sept. 14, auto union chief says talks with Detroit 3 aren't going wellWith about three weeks until contracts expire with Detroit’s three automakers, the head of the United Auto Workers union says bargaining isn’t going well.
UAW to show list of economic demands to automakers this week, will seek worker pay if plants close
Read full article: UAW to show list of economic demands to automakers this week, will seek worker pay if plants closeThe new president of the United Auto Workers says the union will present a long list to General Motors, Ford and Stellantis when it delivers economic demands to the companies this week.
Threats of a strike heating up even before UAW begins negotiations with automakers
Read full article: Threats of a strike heating up even before UAW begins negotiations with automakersWhenever the United Auto Workers union begins negotiating a new contract with Detroit’s three automakers, threats of a strike are typically heard among union members.
Automaker Stellantis signs deal company seeking to mine in Nebraska for rare earths needed in EVs
Read full article: Automaker Stellantis signs deal company seeking to mine in Nebraska for rare earths needed in EVsThe company that wants to mine for critical minerals in southeast Nebraska has signed a deal with Stellantis, giving the automaker access to the rare earth elements used to produce high-powered magnets needed for its electric vehicles.
Stellantis says new small- and medium-sized electric vehicles will get up to 435 miles per charge
Read full article: Stellantis says new small- and medium-sized electric vehicles will get up to 435 miles per chargeStellantis says that when it starts to sell compact and midsize electric vehicles off new underpinnings next year, they will be able to go up to 435 miles (700 kilometers) per charge.
Stellantis is signing up EV charging companies to assemble its own network, won't comment on Tesla
Read full article: Stellantis is signing up EV charging companies to assemble its own network, won't comment on TeslaStellantis says it is pulling together a network of public electric vehicle chargers that could include Tesla and nearly all of the other chargers in the U.S., Canada and Europe.
Automaker warns over UK operations and calls for Brexit trade deal renegotiation
Read full article: Automaker warns over UK operations and calls for Brexit trade deal renegotiationThe world’s fourth-biggest carmaker by sales has warned of a potential existential threat to large parts of the British car industry unless the government moves to alter the terms of its post-Brexit trade deal with the European Union.
Stellantis: Stop using these older Dodge, Chrysler models due to 3 Takata air bag deaths
Read full article: Stellantis: Stop using these older Dodge, Chrysler models due to 3 Takata air bag deathsStellantis and the U.S. government are warning owners of 276,000 older vehicles to stop driving them after Takata air bags apparently exploded in three more vehicles, killing the drivers.
Stellantis pours billions more into Canada, electric
Read full article: Stellantis pours billions more into Canada, electricAutomaker Stellantis says it will invest $3.6 billion Canadian dollars, about $2.8 billion, to upgrade two Canadian assembly plants and expand a research center as it accelerates its long-term electrification strategy.
Macron, Le Pen decry 'shocking' Stellantis CEO pay
Read full article: Macron, Le Pen decry 'shocking' Stellantis CEO payFrench President Emmanuel Macron and his far-right challenger in the French presidential vote, Marine Le Pen, have decried as “shocking” the multimillion euro payout to the CEO of carmaker Stellantis.
Stellantis, LG to make electric vehicle batteries in Ontario
Read full article: Stellantis, LG to make electric vehicle batteries in OntarioA joint venture between Stellantis and South Korea’s LG Energy Solution plans to build a large electric vehicle battery factory in Windsor, Ontario, employing about 2,500 people.
Shaky start for Stellantis bid to grab larger China stake
Read full article: Shaky start for Stellantis bid to grab larger China stakeMoves by carmaker Stellantis to consolidate its position in fast-growing China seem to be off to a rocky start after one of its joint venture partners said it hadn’t been consulted before an announcement of plans to grab a controlling stake.
Carmaker Stellantis loses former FCA CEO Manley
Read full article: Carmaker Stellantis loses former FCA CEO ManleyPSA Peugeot’s takeover of Fiat Chrysler to form the world’s fourth-largest carmaker has had its first executive casualty, with former Fiat Chrysler CEO Mike Manley stepping down from his role of head of the Americas.
Carmaker Stellantis reports record 1H margins, $7b profits
Read full article: Carmaker Stellantis reports record 1H margins, $7b profitsAutomaker Stellantis says it achieved faster-than-expected progress on synergies and record margins in its first six months as a combined company, despite suffering 700,000 units in lower production due to interruptions in the semiconductor supply chain.
Stellantis CEO says 4th largest carmaker to be disruptive
Read full article: Stellantis CEO says 4th largest carmaker to be disruptiveThe Italian-American carmaker and the French mass-market automotive company completed their merger on Jan. 16, creating Stellantis, the world’s fourth-largest carmaker, despite a pandemic year that saw profits plunge. “Stellantis is not born from a crisis,’’ Tavares told a conference call after fourth-quarter earnings were released. Fiat Chrysler reported adjusted net profits in the pandemic year of 1.9 billion euros ($2.3 billion), down 57% from 2019. PSA reported earnings of 2.2 billion euros, a drop of 32%. Fiat Chrysler reported fourth-quarter adjusted earnings before interest and taxes of 2.3 billion euros, a record 2.2 billion euros of those generated in North America, where the profit margin was 11.6%.
Stellantis CEO: New car company will protect jobs and brands
Read full article: Stellantis CEO: New car company will protect jobs and brandsStellantis shares start trading in New York in the new auto giant created by the merger of Fiat Chrysler and PSA Peugeot. But Tavares was confident that brands would be boosted, factories would be filled and no jobs would be lost, at least initially. “Our commitment on this merger is that we will not shut down plants as a consequence of the merger,’’ Tavares said. “I think that there’s many more things to do in our car company than just cutting costs,” he said. The PSA Group merger with Fiat Chrysler was completed on Saturday, creating the world's fourth largest car manufacturer.
Carmaker Stellantis shares jump in Milan, Paris on first day
Read full article: Carmaker Stellantis shares jump in Milan, Paris on first dayStellantis, the car company combining PSA Peugeot and Fiat Chrysler, was launched Monday on the Milan and Paris stock exchanges, giving life to the fourth-largest car company in the world. (AP Photo/Peter Dejong)MILAN – Stellantis, the car company combining PSA Peugeot and Fiat Chrysler, was launched Monday on the Milan and Paris stock exchanges, giving life to the fourth-largest auto company in the world. Stellantis shares rallied 7.6% in Milan to 13.53 euros ($16.32). CEO Carlos Tavares said during a virtual bell-ringing ceremony that the merger creates 25 billion euros in shareholder value. Its closing market capitalization was under 20 billion euros, far off its 2018 highs of more than 30 billion euros.
Cuts likely as Fiat Chrysler-PSA tie-up nears approval
Read full article: Cuts likely as Fiat Chrysler-PSA tie-up nears approvalFiat Chrysler Shareholders of Fiat Chrysler and France's PSA Group are meeting Monday, Jan. 4, 2021 to vote on a merger that will create the world's fourth-largest automaker. Experts say that means Tavares, currently the head of PSA Group, is likely to follow that blueprint when he becomes leader of a merged PSA and Fiat Chrysler Automobiles. The low-performing Chrysler brand might get the axe as could slow-selling cars, SUVs or trucks that lack potential. He likely will target Europe for consolidation first, because that’s where Fiat vehicles overlap extensively with PSA’s, said IHS Markit Principal Auto Analyst Stephanie Brinley. In December the companies announced that Fiat Chrysler CEO Mike Manley would run Stellantis’ operations in the Americas.