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Stellantis terminates Jeep joint venture with GAC

The move comes after Stellantis failed in its attempt to take control of the joint venture......»»

Category: topSource:  autonewsJul 18th, 2022

GM logistics supplier Proficient Auto raises $215 million in IPO

The company, which transports finished vehicles from manufacturers and shipping ports to auto dealerships, provides services to GM, Stellantis, Toyota and other automakers......»»

Category: topSource:  autonewsRelated NewsMay 9th, 2024

Hyundai-backed self-driving startup Motional delays plans, cuts employees

Motional, the joint venture between Hyundai and Aptiv, said Tuesday it would delay its driverless commercialization plans and it had laid off employees......»»

Category: topSource:  autonewsRelated NewsMay 7th, 2024

UAW authorizes strike at key Ram and Jeep stamping plant in Michigan

A work stoppage "could particularly impact production" of Ram pickups and the Jeep Wrangler and Wagoneer, the UAW said......»»

Category: topSource:  autonewsRelated NewsMay 7th, 2024

Top 5 stories of the week: Asbury looks to sell dealerships; UAW threatens Stellantis stamping plant

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

Category: topSource:  autonewsRelated NewsMay 3rd, 2024

Jeep Gladiator 4xe plug-in hybrid coming in 2025

Jeep, which has dominated the plug-in hybrid market, is adding a third nameplate to its 4xe line in 2025......»»

Category: topSource:  autonewsRelated NewsMay 3rd, 2024

Tech supplier Aptiv lowers sales forecast, reduces equity interest in JV with Hyundai

Under the agreement with Hyundai Motor Co., Aptiv will not be required to fund the joint venture in the future, while Hyundai will provide additional funding......»»

Category: topSource:  autonewsRelated NewsMay 2nd, 2024

First look at the Sony Honda EV: More than a PlayStation on wheels

The AFEELA concept previews an EV from the joint venture, due in 2026. Enlarge / Sony Honda Mobility will start taking orders for its AFEELA EV next year. (credit: Peter Nelson) We're living through a period of radically.....»»

Category: topSource:  arstechnicaRelated NewsMay 2nd, 2024

Stellantis hires engineers in Brazil, India for $53,000 a year to save costs

Stellantis is pursuing an aggressive cost-cutting program and is said to want to have roughly two-thirds of the company’s engineers in lower-cost countries over the longer term......»»

Category: topSource:  autonewsRelated NewsMay 2nd, 2024

Spike Lee directs and stars in 2024 Fiat 500e ad campaign

The spot is largely unscripted, Stellantis said, which allows the chemistry and friendship of Lee and Esposito to shine......»»

Category: topSource:  autonewsRelated NewsMay 1st, 2024

Fubo loses WBD channels after suing over sports joint venture

Streaming service Fubo sounds surprised that it was unable to secure a deal to carry channels owned by Warner Bros. Discovery after it sued WBD over a separate sports service......»»

Category: topSource:  digitaltrendsRelated NewsApr 30th, 2024

UAW to hold strike vote at Stellantis" Warren Stamping Plant

Around 1,100 workers at Stellantis' Warren Stamping Plant will vote May 6 on whether to authorize a strike over unresolved health and safety grievances......»»

Category: topSource:  autonewsRelated NewsApr 30th, 2024

Stellantis revenue falls 12% in Q1; North American shipments slip 20% 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......»»

Category: topSource:  autonewsRelated NewsApr 30th, 2024

Stellantis revenue falls 12% in Q1 on 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......»»

Category: topSource:  autonewsRelated NewsApr 30th, 2024

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......»»

Category: topSource:  autonewsRelated NewsApr 30th, 2024

Scholars explain the ideology that says technology is the answer to every problem

Silicon Valley venture capitalist Marc Andreessen penned a 5,000-word manifesto in 2023 that gave a full-throated call for unrestricted technological progress to boost markets, broaden energy production, improve education and strengthen liberal democ.....»»

Category: topSource:  physorgRelated NewsApr 25th, 2024

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......»»

Category: topSource:  autonewsRelated NewsApr 24th, 2024

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......»»

Category: topSource:  autonewsRelated NewsApr 24th, 2024

Chery, B-ON form electric van JV for N. America, Europe

The venture will give B-ON access to funding and Chery's supply chain and manufacturing footprint while offering the Chinese state-backed automaker access to European and U.S. markets......»»

Category: topSource:  autonewsRelated NewsApr 23rd, 2024

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......»»

Category: topSource:  autonewsRelated NewsApr 22nd, 2024

Inside World of Volvo, the automaker"s shrine to sustainability

The joint venture between Volvo Cars and Volvo Group will serve as a central marketing opportunity and consumer touchpoint for the brands......»»

Category: topSource:  autonewsRelated NewsApr 22nd, 2024