Stellantis ready to axe brands and fix US problems, CEO says
WEBMILAN, July 25 (Reuters) - Stellantis is taking steps to fix weak margins and high inventory at its U.S. operations and will not hesitate to axe underperforming brands in its sprawling portfolio,...
Stellantis aims to correct ‘arrogant’ mistakes in U.S ... - CNBC
WEBJun 13, 2024 · AUBURN HILLS, Mich. — Stellantis is correcting what CEO Carlos Tavares described Thursday as “arrogant” mistakes by himself and the company in the automaker’s U.S. operations that led to sales...
Stellantis May Kill Brands Struggling to Turn a Profit, CEO Says
WEBJul 26, 2024 · Stellantis, which includes brands such as Dodge, Fiat, Jeep, Maserati, and Ram, may become more aggressive about axing ones that don't turn a profit.
Stellantis News - Automotive News
WEBSTELLANTIS NEWS. Coverage of the new company formed from the merger of Fiat Chrysler Automobiles and France's PSA Group. Regulation & Safety updated 23 hours ago.
Jeep, Dodge-maker Stellantis reports 48% drop in first-half profit
WEBJul 25, 2024 · Auto giant Stellantis on Thursday reported a steep drop in first-half net profit, citing reduced volumes and lower market share in North America.
Press Releases - Stellantis
WEBStellantis, Samsung SDI Announce Kokomo, Indiana as Site for Second U.S. StarPlus Energy Gigafactory; October 11, 2023; Stellantis Recognizes Suppliers for Commitment, Performance, Quality and Operational Excellence; October 9, 2023; MEDIA ADVISORY: Stellantis to Present Commercial Vehicles Strategy and New Global Van …
UAW Moves Toward Stellantis Strike as Tensions Escalate - MSN
WEBAt the time, Stellantis also said it would build a $3.2 billion battery plant in Illinois with a still-to-be-determined partner that would employ 1,300 people when it opens in 2028.
First Half 2024 Results - Stellantis
WEBJul 25, 2024 · AMSTERDAM – Stellantis N.V. today announced results for the first half of 2024, including €85.0 billion of Net revenues, down 14% y-o-y, and €5.6 billion in Net profit, down 48% y-o-y. AOI (1) of €8.5 billion represented a 10% AOI margin (2), and Adjusted diluted EPS (5) decreased 35% y-o-y.
Stellantis Highlights New Technologies Boosting Manufacturing
WEB19 hours ago · Sept. 20, 2024. A.I., robotics, and vision-based systems are among more than 90 new technologies the automaker has adopted to lower production costs and energy consumption, and improve product quality. Stellantis staged an event at its Mirafiori assembly complex in Turin, Italy, to highlight 93 manufacturing and production technologies ...
Stellantis Extends Benchmark Hybrid Powertrain to More …
WEBJul 9, 2024 · Stellantis Extends Benchmark Hybrid Powertrain to More Nameplates to Satisfy European Customer Demand. Company will have 30 hybrid models available in Europe this year and six new launches planned through 2026.
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