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UNBELIEVABLE: 24 | History Defined

US commits to $7.54 billion loan for Stellantis venture to build 2 electric vehicle battery plants

A Stellantis joint venture with Samsung SDI has won a commitment from the U.S. Energy Department for up to a $7.54 billion loan to help build two electric vehicle battery plants in Kokomo, Indiana

The Independent UK

Stellantis' CEO Is Gone Ahead Of 'A Big Year' With A Huge List Of Problems

I think now-former Stellantis CEO Carlos Tavares was an interesting figure for just how unpopular he was. Sure, very few top executives get to where they are by making friends everywhere they go. But Tavrares was somewhat unique in how much he managed to make everyone mad at him; the…

InsideEVs

Stellantis CEO Carlos Tavares Resigns Amid Disappointing Sales

Stellantis CEO Carlos Tavares resigns amid sales decline and criticism, prompting strategic changes in response to market pressures and internal dissent.

Top News

How Darwinism made and broke ‘samurai’ Stellantis CEO Carlos Tavares

Carlos Tavares is a self-confessed petrol head who turned around Peugeot but fell victim to a global EV downturn at Stellantis.

Fortune

Shares in Vauxhall owner Stellantis tumble after top boss quits abruptly

The car-making giant announced plans last week to shut its Luton van-making factory next April, putting more than 1,100 jobs at risk.

Evening Standard

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Stellantis CEO Carlos Tavares Quits Amid Strategy Dispute

Carlos Tavares has suddenly resigned from his position as Chief Operating Officer at Stellantis, one of the largest car manufacturers in the world. The decision was announced yesterday evening and the board of directors has already accepted Tavares’ resignation.

InsideEVs

Stellantis CEO Tavares Pushed Out As Profit Slumps

Stellantis chief executive Carlos Tavares on Sunday resigned "with immediate effect", the auto giant announced, signalling differences over how to confront the group's profit slump.

International Business Times

Stellantis chief executive Carlos Tavares resigns as carmaker struggles

Company, which makes Jeep, Fiat and Peugeot vehicles, says it aims to find new leader in first half of 2025

The Guardian - UK

Stellantis Boss Carlos Tavares Suddenly Resigns

The first and only Stellantis CEO, Carlos Tavares, resigned today. Although the automotive conglomerate is in dire straits, the announcement is still shocking. Less than two months ago, a press release stated that the controversial Portuguese businessman would end his five-year contract in early 2026. However, that won’t be the…

Motor1

Stellantis CEO Carlos Tavares resigns as maker of Jeep and Dodge struggles with slumping sales

Stellantis CEO Carlos Tavares is stepping down after nearly four years in the top spot of the Jeep and Ram maker, which has continued to struggle with slumping sales

The Independent UK

EVs Help Vehicle Emissions Drop To Historic Low In The U.S.

Fully electric and hybrid vehicles are helping America reduce greenhouse gas emissions to record levels, the Environmental Protection Agency said in a newly published report this week. EVs are not only helping bring down harmful carbon dioxide emissions but are also increasing fleetwide fuel economy rates to record highs.

InsideEVs

GM, Other US Automakers Face Sharp Profit Squeeze From Trump Tariffs, Analysts Warn

US auto industry faces profitability crunch as Trump's 25% tariffs on Mexican and Canadian imports could cut margins by 17%. GM and Stellantis at risk.

Benzinga

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The Guardian - UK

‘It was looking positive’: Vauxhall workers in shock over Luton closure

The surprise relocation of the 120-year-old factory to Cheshire stands to end a proud part of Lutonian history

Motor1

Fiat 500e Production Paused, Again

Oh, here we go again. Stellantis has no other option but to pause production of the Fiat 500e. Demand for the electric city car continues to be poor, forcing another hiatus at the Mirafiori plant. The Italian factory suspended output several times this year and it's about to do it…

The Independent UK

As Vauxhall’s Luton factory faces closure, is the UK car industry dying again?

Vauxhall’s proposed closure of its Luton plant has been blamed on the government’s plan to force carmakers to build more electric vehicles

The Guardian - UK

Vauxhall owner was ‘confident’ about meeting EV rules before factory shutdown

Exclusive: Stellantis executive’s recent comments to investors undermine claim Luton closure was down to emission mandate

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Fortune

Wells Fargo: Trump tariffs would add $2.1K to the price of cars made by US automakers and could cost Ford, Stellantis, and GM billions in profit

“Autos are stuck in the middle of Trump's geopolitics,” Wells Fargo analysts write.

Top News

UK Government To Review Auto Manufacturers' Electric Vehicle Targets

Britain's Labour government consults on auto manufacturers' sales targets amid shift to electric vehicles, addressing challenges faced by Stellantis and ot...

InsideEVs

Nissan's Situation Gets Dire: '12 Or 14 Months To Survive'

As 2024 starts drawing to a close, it's more clear than ever that the business-as-usual era of the traditional auto industry is over.

Evening Standard

Minister warns of ‘challenges’ for car makers on top of Luton plant closure

Vauxhall owner Stellantis’ decision to close its Luton factory, putting 1,100 jobs at risk, came after Government efforts to save the plant failed.

Fortune

Vauxhall workers face 140-mile relocation or job loss as Stellantis shuts factory

More than 1,000 Vauxhall workers will need to move from Luton to Cheshire to keep their jobs as Stellantis consolidates EV manufacturing.

Evening Standard

Business Secretary to face MPs amid concerns over electric vehicle mandate

It comes after Vauxhall-owner Stellantis said it would close its van-making plant in Luton, putting 1,100 jobs at risk.

Evening Standard

Electric vehicle targets not working as intended, says Business Secretary

Jonathan Reynolds said he was ‘profoundly concerned’ about the impact of the policy following news Vauxhall owner would close a factory in Luton.

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