Stellantis CEO Carlos Tavares" compensation jumps 56% to $40M
Tavares' 2023 pay included an $11 million transformation incentive to meet milestones tied to challenges the industry is facing on global mobility, technology and the electrification of vehicles......»»
Stellantis revenue falls 12% in Q1on lower shipments amid transition to new models
Stellantis has been reducing inventories "to reinforce our strong relative pricing ahead of our new or mid-cycle product launches this year in key regions," said CFO Natalie Knight......»»
CEO Mary Barra"s pay declined 3.9% to $27.8 million as GM missed stock targets
After eight consecutive years as the highest-paid Detroit 3 CEO, Barra's compensation trailed the $39 million Stellantis shareholders approved for Carlos Tavares......»»
Judge deals blow to Stellantis in supplier pricing dispute that threatens production
The order filed Tuesday means that the parent company of Jeep and Ram brands must continue paying its supplier under protest — or “hostage threat,” as the automaker’s lawyer put it last week......»»
Stellantis lays off 199 at Ram 1500 plant in suburban Detroit
The layoffs in Sterling Heights, Mich., took effect Monday as the automaker continues to trim its head count......»»
Top 5 stories of the week: Stellantis clashes with suppliers; GM"s headquarters move
A quick glance at the top automotive stories of the week......»»
Fallout games continue seeing big player jumps after the TV series’ success
Being on deep discount doesn't hurt, either. Enlarge / Seeing power armor in the Fallout series inspired many players to jump back into their own suits (and start stockpiling fusion cores). (credit: Amazon/MGM Studios) L.....»»
Cyberattack on key parts supplier triggered dispute that cost Stellantis $300M, lawsuit says
The automaker lost more than $300 million in revenue because it was unable to manufacture 6,000 vehicles without parts from Yanfeng, the lawsuit says......»»
Stellantis avoids plant shutdowns by paying auto supplier "under hostage threat"
The automaker paid MacLean-Fogg Component Solutions of Illinois to keep pinions and gears flowing to a pair of plants in Kokomo, Ind......»»
Tesla asks investors to approve Musk’s $56 billion pay again
Tesla asks investors to approve Musk’s $56 billion pay again; it's the same compensation package that was voided by a Delaware court early this year......»»
Stellantis pricing disputes with suppliers imperil key Jeep, Ram products
Stellantis has had production of the Jeep Wrangler and other models disrupted in recent months by disputes with two suppliers, and more shutdowns could come if the situations aren't resolved......»»
Stellantis’ $39 million pay for CEO Carlos Tavares draws investor ire amid job cuts
At Tuesday’s annual general meeting, advisory firms Glass Lewis and Proxinvest are urging investors to vote against approving the €36.5 million ($39 million) total compensation package, up almost 60 percent from 2022 levels......»»
31% of women in tech consider switching roles over the next year
31% of women in tech are considering leaving their organization over the next 12 months due foremost to poor management, followed by a lack of training and a desire for better compensation, according to Skillsoft. The survey yielded more than 500 com.....»»
Stellantis clashes with suppliers spill into court, shut down plants
The maker of the Jeep, Chrysler, Dodge and Ram brands has taken a hard line toward parts makers seeking inflationary cost relief, rolling out a “no more claims” policy earlier this year......»»
Stellantis clashes with suppliers, spilling into court and shutting down plants
The maker of Jeep, Chrysler, Dodge and Ram brands has taken a hard line toward parts makers seeking inflationary cost relief, rolling out a “no more claims” policy earlier this year......»»
Top 5 stories of the week: Stellantis job cuts; top 150 dealership groups
A quick look at the top automotive stories of the week......»»
Taylor Swift"s music returns to TikTok ahead of "The Tortured Poets Department" release
Taylor Swift's music returns to TikTok after Universal Music Group pulled it back in February due to a disagreement over artist compensation. Her new album, 'The Tortured Poets Department' drops on April 19. No, it's not a glitch. Taylor Swift.....»»
Stellantis consolidates 9 U.S. business centers to 6, lays off 30, in bid to boost dealer support
The automaker said the move will strengthen its dealer support as it begins launching electric vehicles in the U.S. this year......»»
Tavares: EVs not a one-size-fits-all mobility fix
Carlos Tavares said the weight of EV batteries needs to be cut in half over the next decade with new chemistries that don't require such a huge amount of raw materials from the earth......»»
TOYOTA: Namesake brand jumps 21%, Lexus up 15% in Q1 on booming hybrid sales
Improved inventory and red-hot hybrid demand credited for boosting Toyota's sales in March and Q1......»»
Toyota jumps 21%, Lexus up 15% in Q1 on booming hybrid sales
Improved inventory and red-hot hybrid demand credited for boosting Toyota's sales in March and Q1......»»