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Stellantis laying off more workers at Jeep plant in Illinois for 'sustainable' operations

Stellantis NV is laying off more workers at its Jeep plant in Illinois "in order to operate the plant in a more sustainable manner," the automaker said on Monday in a statement.

Tribune News Service

Stellantis Fires Up EV Rivalry With Tesla

Stellantis NV (NYSE:STLA), Mercedes-Benz Group AG (OTC:DMLRY), and TotalEnergies SE (NYSE:TTE) joint venture Automotive Cells Company looked to build an EV battery plant in Italy. The plant would involve an investment of over €7 billion, Reuters reports The partners aimed to increase its industrial capacity to at least 120-gigawatt hours (GWh) by 2030. ACC looked to produce batteries…

Benzinga

Maserati to electrify lineup by 2025, halt gas vehicle sales by 2030

Maserati will offer a fully electric lineup by 2025 and no long sell gas-powered vehicles by 2030, the luxury brand of Stellantis NV said on Thursday.

Tribune News Service

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Stellantis, LG Energy Solution Eye New EV Battery Plant In Ontario: Bloomberg

Stellantis NV (NYSE:STLA) and LG Energy Solution Ltd look to build their new battery plant in Ontario, Canada, Bloomberg reports. The Canadian government’s incentives for clean-energy businesses served as a key driver in attracting the companies to the country. Also Read: Stellantis CEO Looks To Catch Up With Tesla In Coming Years, Russia-Ukraine Crisis Could Dampen…

Benzinga

Maserati Plans Electric Range Of All Models By 2025

Stellantis NV (NYSE:STLA) owned luxury brand Maserati said it is planning to offer electric versions of its lineup by 2025, CNBC reported. Maserati will start with GranTurismo EV featuring more than 1,200 horsepower in 2023. Maserati will follow suit with an all-electric Grecale midsize SUV and a Grancabrio GT car. Related: Porsche AG Sets High…

Benzinga

Stellantis Launches Venture Capital Fund Focused On Technology Innovations

Stellantis NV (NYSE:STLA) has launched its first venture capital fund, Stellantis Ventures. The fund will initially invest €300 million in startup companies focused on innovation in the automotive and mobility sector. Stellantis Ventures will act as a strategic investor and help startups integrate new technologies within the company in shortened timeframes. “We are…

Benzinga

Stellantis CEO Looks To Catch Up With Tesla In Coming Years

Stellantis NV (NYSE:STLA) CEO Carlos Tavares sees his company catching up with EV pioneer Tesla Inc (NASDAQ:TSLA) in the coming years, Reuters reports from Mobility TV World session. He sees the competition benefitting the consumers. Also Read: Stellantis CEO Says Company Being 'Forced' To Make Electric Vehicles, Stellantis, Samsung SDI Collaborate To Produce EV Battery For North…

Benzinga

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Russia-Ukraine Crisis Could Dampen EV Ambitions Of Tesla, Ford And Others: FT

Russia's attack on Ukraine has highlighted concerns about oil dependency and petrol prices just as EV manufacturers look to deliver a wide range of greener cars, Financial Times reports. Ukraine is a significant producer of the miles of cables and connectors that power many cars' electrical systems. Russia's importance as the…

Benzinga

Stellantis CEO: Ford's EV, legacy restructuring is 'HR challenge'

Stellantis NV CEO Carlos Tavares says Ford Motor Co.'s restructuring to separate the company's legacy business from its electric-vehicle operations is a way to impress investors — not consumers who should be the priority.

Tribune News Service

Stellantis Divulges Its EV Ambitions

Stellantis NV (NYSE: STLA) looks to dou

Benzinga

Stellantis to launch fund for Ukrainian refugees

Jeep and Peugeot parent Stellantis NV on Tuesday said it will start a fund to support Ukrainian refugees following Russia's invasion into the eastern European nation.

Tribune News Service

Stellantis Registers 14% Pro Forma Revenue Growth In FY21

Stellantis NV (NYSE:STLA) reported FY21 Pro Forma sales growth of 14% year-on-year, to €152 billion, versus €133.9 billion the previous year. On a Pro Forma basis, North America revenue rose 15% Y/Y to €69.7 billion, South America increased 71% to €10.7 billion, Europe 5% to €59 billion, Middle East & Africa rose 9%…

Benzinga

Maserati to debut Grecale SUV next month

Maserati will debut a new luxury SUV known as the Grecale next month, the luxury brand of Stellantis NV said on Tuesday, after its reveal last year was delayed due to the global microchip shortage.

Tribune News Service

Stellantis Plans To Raise Stake In China JV To 75%

Stellantis NV (NYSE:STLA) plans to increase its shareholding in the joint venture GAC-Stellantis to 75% from 50%. The financial terms were not disclosed. GAC-Stellantis is a joint venture formed between China Guangzhou Automobile Group Co., Ltd. (GAC Group) and Stellantis in March 2010. The move comes as a part of Stellantis' plan to…

Benzinga

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As Stellantis turns 1, automaker faces two paths

A year after the transatlantic merger that created Stellantis NV, experts say the company is looking at two potential futures.

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