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......»»
Top 5 stories of the week: Mazda"s incentives soar along with its sales; UAW threatens Stellantis
A quick look at the top automotive stories of the week as determined by reader interest......»»
Stellantis, GM slash headcount in Michigan but keep state incentives
Stellantis employed 38,913 people in the state at the beginning of 2023, a 7 percent year-over-year drop, according to data submitted to Crain’s. GM’s Michigan-based headcount of 50,316 at the start of 2024 represents a 9 percent decline from 202.....»»
Worker killed at Jeep plant in Ohio, reports say
Stellantis said it was aware of the incident but could not provide further details......»»
Stellantis CEO Carlos Tavares to visit U.S. to create plan to reverse lagging profit, report says
Tavares' visit to Detroit during his summer break will seek to reassure employees and investors that he intends to fix the automaker's struggling North American operations......»»
Tim Fallon becomes Stellantis" North America manufacturing chief after 2 years at Rivian
Fallon will bring EV manufacturing expertise to Stellantis at a time when the automaker is preparing to launch several electric vehicles......»»
UAW president uses DNC speech to threaten Stellantis, praise Harris
The union leader wore a shirt calling former President Donald Trump a scab and said workers will take action against Stellantis if it doesn't follow through on promises it made in last year's labor agreement......»»
UAW threatens to strike Stellantis if it backtracks on reopening Ill. plant
The union says at least seven locals are prepared to file grievances against Stellantis if the automaker reneges on commitments it made in its 2023 labor agreement......»»
During a heat wave, temperatures not the only threat: expert
Spain has just emerged from a 21-day heat wave that engulfed Madrid, Barcelona and Zaragoza, posing a health threat which extends far beyond the actual temperature, according to Julio Diaz, a researcher at Madrid's Carlos III Health Institute......»»
Stellantis idles Michigan engine plant for a week
The Trenton Engine Complex, which makes V-6 engines for the Jeep Wrangler and Ram 1500 Classic, is shutting down for a week to balance supply with demand, Stellantis said......»»
Stellantis shareholders sue automaker in U.S. after disappointing earnings
The complaint said Stellantis artificially inflated its stock price for much of 2024 by making "overwhelmingly positive" assessments about inventories, pricing power, new products and operating margin......»»
Lawsuit accuses Stellantis, Maserati of blocking sale of N.Y. dealerships
Dualed Alfa Romeo and Maserati dealerships in Great Neck, N.Y., have sued Stellantis and Maserati North America for denying an application to transfer the franchises......»»
Solid-state EV batteries just over the horizon for mass market
Solid-state batteries promise big jumps in energy density and charging, but they're still not ready for mass commercialization......»»
LG Display wants compensation for Apple Watch MicroLED project closure
LG Display has seemingly become the latest victim of Apple's apparent cancellation of microLED displays for the Apple Watch, but the supply chain partner is seeking compensation for the project's closure.An Apple Watch Ultra displayThe cancellation o.....»»
After micro-LED Apple Watch cancellation, LG seeking compensation
It was reported earlier this year that Apple cancelled plans for a micro-LED Apple Watch, finding them too difficult to produce in the quantities that would be needed. Display supplier LG was set to make a key component for this display, and is no.....»»
Top 5 stories of the week: Carlos Ghosn on alliances; Nissan buyouts
A quick look at the top automotive stories of the week as determined by reader interest......»»
Stellantis laying off up to 2,450 workers at Mich. truck plant
The end of Ram 1500 Classic production at Stellantis' Warren Truck Assembly Plant near Detroit will result in layoffs starting as soon as Oct. 8......»»
Stellantis to help fund Archer Aviation"s air-taxi production costs
Stellantis CEO Carlos Tavares has said that the idea of inexpensive air taxis fit with the automaker's goal of "finding innovative solutions for accessible mobility.".....»»
Reynolds jumps into fleet management software business with acquisition
The company is snatching up TSD Mobility Solutions, a globally focused software company with major clients founded in 1983......»»
Carlos Ghosn calls Nissan-Honda-Mitsubishi deal a ‘disguised takeover" by Honda
Fugitive former Nissan Chairman Carlos Ghosn says Nissan's plan to team with Honda and Mitsubishi smells like a ‘disguised takeover' by Honda but will be a difficult partnership to pull off successfully no matter how it shapes up......»»
Sonic Automotive Q2 net income jumps despite CDK outage
Sonic Automotive's net income nearly doubled in the second quarter despite an outage related to the CDK cyberattacks......»»