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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......»»

Category: topSource:  autonewsAug 16th, 2024

Illinois governor calls on Stellantis to get moving on Belvidere reopening

“There is every opportunity to begin the restart at Belvidere, and there is no time to waste,” the governor said......»»

Category: topSource:  autonewsRelated NewsOct 11th, 2024

GM touts broad profitability to build investor confidence amid EV shift

CFO Paul Jacobson said GM expects flat financial results in 2025 even if pricing declines and that the automaker's outlook should inspire confidence about its earnings potential......»»

Category: topSource:  autonewsRelated NewsOct 11th, 2024

Top 5 stories of the week: Stellantis executive shuffle; GM expects to pare EV losses

A quick look at the top automotive stories of the week as determined by reader interest......»»

Category: topSource:  autonewsRelated NewsOct 11th, 2024

Stellantis confirms CEO Carlos Tavares to retire in 2026 amid broad management shake-up

The confirmation comes weeks after Stellantis said it was searching for his successor, though at the time it said it was possible he could remain after his contract expires......»»

Category: topSource:  autonewsRelated NewsOct 11th, 2024

Column: Jaguar Land Rover owes its survival to Ratan Tata"s "singular vision"

Ratan Tata's "mind boggling" vision for Jaguar Land Rover gave the struggling British automaker a future after Ford Motor decided to sell it......»»

Category: topSource:  autonewsRelated NewsOct 11th, 2024

Tesla’s Elon Musk unveils the Cybercab robotaxi — and also the Robovan

Tesla boss Elon Musk has just unveiled a prototype of the automaker’s long-awaited robotaxi......»»

Category: topSource:  digitaltrendsRelated NewsOct 11th, 2024

This is Tesla’s ‘Cybercab’ robotaxi

Tesla boss Elon Musk has just unveiled a prototype of the automaker’s long-awaited robotaxi......»»

Category: topSource:  digitaltrendsRelated NewsOct 11th, 2024

Stellantis replaces North America COO, global CFO

Amid U.S. troubles, Jeep CEO Antonio Filosa is adding North American COO responsibilities to replace Carlos Zarlenga, whose next role will be announced later. CEO Carlos Tavares to retire in early 2026......»»

Category: topSource:  autonewsRelated NewsOct 11th, 2024

Daily 5 report for Oct. 10: The Toyoda family legacy; your guide to Stellantis" multiple challenges

Curiously, Toyoda's only son, Daisuke, now in his mid-30s, is working his way up the company's ranks......»»

Category: topSource:  autonewsRelated NewsOct 10th, 2024

Stellantis troubles pile up amid criticism from dealers, UAW, shareholders

Sales and earnings are down as the company wages a global cost-cutting crusade that has included layoffs, buyouts and engineering hires in low-cost countries......»»

Category: topSource:  autonewsRelated NewsOct 10th, 2024

GM says simplifying gasoline vehicles has made them more profitable

Earnings from the Chevrolet Trax subcompact crossover have increased roughly 20 percentage points over the previous model, General Motors President Mark Reuss said......»»

Category: topSource:  autonewsRelated NewsOct 10th, 2024

Stellantis in talks with Michigan"s governor to keep N.A. headquarters in suburban Detroit

Michigan Gov. Gretchen Whitmer said she has spoken “frequently” with Stellantis CEO Carlos Tavares as the company reassesses its footprint, and retaining its headquarters in Michigan is a “top priority” for her administration......»»

Category: topSource:  autonewsRelated NewsOct 10th, 2024

Stellantis CEO eyes management shake-up as pressure mounts

Stellantis Chief Executive Officer Carlos Tavares is planning a deep management reshuffle in response to the automaker’s disastrous profit warning, according to people familiar with the situation......»»

Category: topSource:  autonewsRelated NewsOct 9th, 2024

Stellantis holds off on megacasting championed by Tesla and Volvo

The technique was pioneered by Tesla to reduce manufacturing times and costs. Volvo, Nissan, Ford, Toyota and Hyundai are among automakers either using or planning to use it.  .....»»

Category: topSource:  autonewsRelated NewsOct 9th, 2024

Stellantis holds off on megacasting, championed by Tesla and Volvo

The technique was pioneered by Tesla to reduce manufacturing times and costs. Volvo, Nissan, Ford, Toyota and Hyundai are among automakers either using or planning to use it.  .....»»

Category: topSource:  autonewsRelated NewsOct 9th, 2024

Stellantis poised to secure Italian approval to sell stake in Comau robotics unit, report says

One Equity, which invests in businesses in the industrial, healthcare and technology industries in the U.S. and Europe, is expected to take a 50.1 percent stake in the robotics unit......»»

Category: topSource:  autonewsRelated NewsOct 9th, 2024

Ford moves into Michigan Central Station as it looks to harness ‘entrepreneurial spirit’

Ford Motor Co.’s first 500 workers have moved into Michigan Central Station, and the automaker plans to double that number by the end of the year......»»

Category: topSource:  autonewsRelated NewsOct 9th, 2024

Ford moves in to Michigan Central Station as it looks to harness ‘entrepreneurial spirit’

Ford Motor Co.’s first 500 workers moved into Michigan Central Station this week, and the automaker plans to double that number by the end of the year......»»

Category: topSource:  autonewsRelated NewsOct 8th, 2024

Fisker"s abandoned HQ left in disarray with hazardous waste, clay models, landlord says

The bankrupt automaker's landlord says it faces "tens of thousands of dollars" in cleanup costs and damage repair......»»

Category: topSource:  autonewsRelated NewsOct 8th, 2024

VIP Automotive Group, Stellantis dealership face sexual harassment allegations in EEOC lawsuit

Male employees at the Hempstead, N.Y., dealership allegedly harassed female colleagues, creating a hostile work environment, according to the lawsuit......»»

Category: topSource:  autonewsRelated NewsOct 8th, 2024