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Stellantis CEO Thinks Electric Shift Depends On Smooth Supply Chain Operations: Bloomberg

Stellantis NV (NYSE:STLA) Chief Executive Officer Carlos Tavares said the shift to electric vehicles depends much on resolving the supply-chain problems swiftly, Bloomberg reported. He said the shift will only work in Europe if access to enough clean energy, batteries, raw materials, and charging infrastructure is ensured. Tavares also said that the…

Benzinga

Stellantis revenues rise even as shipments slide from chip shortage

The maker of Jeep SUVs and Ram pickup trucks on Thursday said its revenues increased 12% year-over-year in the first three months of 2022 even as shipments dropped by the same percentage from lost production resulting from parts shortages.

Tribune News Service

Hyundai Leads Hybrid Cars Market in First Quarter of 2022

Hyundai Motor has maintained its position as the world's leader of hydrogen fuel cell vehicle market in the first quarter of 2022. South Korea's top automaker sold a total of 1,710 hydrogen cars so far in 2022, down 5.4 percent from the same period last year.

Asharq Al-Awsat

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Stellantis' Free2move acquires car-sharing service ShareNow from BMW, Mercedes

The car-sharing mobility startup within the maker of Jeep will more than double in size, adding 14 European cities mostly in Germany to its service territory with the acquisition of ShareNow from the BMW and Mercedes-Benz groups, the company announced Tuesday.

Tribune News Service

Stellantis' $2.8 billion investment secures future for Brampton, Windsor plants

The maker of Chrysler, Dodge, Jeep and Ram vehicles on Monday said it will invest $2.8 billion (3.6 billion Canadian dollars) into its Canadian operations for its electric transition, preserving the futures of both Windsor and Brampton assembly plants and creating its first battery lab in North America.

Tribune News Service

Stellantis Pledges $2.8B To Retool Ontario Plants For EVs, Hybrids

Stellantis also said its Automotive Research and Development Centre will add 650 highly skilled engineering jobs and become North America's first battery lab.

InsideEVs

Stellantis Acquires Car Sharing Company Share Now For Undisclosed Sum

Stellantis NV (NYSE:STLA) said its mobility division, Free2move, has agreed to acquire car sharing company Share Now. The financial terms of the deal were not disclosed. Share Now was formed as a joint venture by Mercedes-Benz Mobility Group and Bayerische Motoren Werke AG (OTC:BMWYY) in 2019. The deal is expected to add 14 major…

Benzinga

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Dallas-based Santander Consumer USA extends partnership with maker of Jeep, Ram, Chrysler

Dallas-based Santander Consumer USA Inc., one of the nation’s biggest subprime auto lenders, will remain the preferred provider through 2025 of loans and leases to buyers and dealers of Jeep, Ram, Fiat, Chrysler, Dodge, Maserati and other brands of automaker Stellantis.

Tribune News Service

Stellantis Investing $2.8 Billion In Canadian Plants For EV Future

Some of the money will go towards creating Stellantis' first battery lab in North America.

Motor1

Stellantis Ramps Up Canadian Operations To Support Electrification Plans

Stellantis NV (NYSE:STLA) plans to invest C$3.6 billion ($2.8 billion) in its Windsor and Brampton (Ontario) Assembly Plants and to expand its Automotive Research and Development Centre (ARDC). The move supports Stellantis' strategy to invest C$45 billion ($35 billion) through 2025 in electrification and software globally. The investment brings the company's total investment…

Benzinga

Stellantis Highlights Acceleration Of Low Emission Vehicle Sales In Europe

Stellantis, one of the world's largest automotive groups, announced that a little more than a year after its birth, it accelerates its Low Emission Vehicle sales.

InsideEVs

Why F1 is such a good deal for Alfa Romeo

As the Volkswagen Group finalises its plans to join the Formula 1 grid in 2026, its bosses could be forgiven for casting an envious eye on rivals Alfa Romeo.

Motorsport

Stellantis Will Produce Electric Cars In Serbia

Stellantis announced a €190 million ($200 million) investment to produce electric cars at its plant in Kragujevac, Serbia.

InsideEVs

Is Giga Berlin Tesla's Ticket To Taking Back EV Market Share In Europe?

As EVs take hold of the larger auto market, Tesla trails in sales across Europe by a somewhat narrow margin. However, Giga Berlin may give Tesla an advantage.

InsideEVs

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Tribune News Service

Stellantis stops production in Russia because of sanctions, logistics

The maker of Chrysler, Jeep, Dodge and Ram on Tuesday said it has halted production of commercial vans at its plant in Russia.

Benzinga

Morning Brief: Top Financial Stories Dominating on Tuesday, April 19

CNBC US Calls For Global Agreement To End Anti-Satellite Missile Testing

Benzinga

Stellantis Suspends Production In Russia

Stellantis NV (NYSE:STLA) said it is halting its production in Russia owing to economic sanctions and logistical difficulties. The automaker has 1% of Russia's car market, producing Peugeot, Citroёn, Opel, Jeep, and Fiat brands, Reuters reported. "Given the rapid daily increase in cross sanctions and logistical difficulties, Stellantis has suspended its manufacturing operations in Kaluga…

Motor1

2022 Jeep Grand Cherokee 4xe First Drive Review: Plug Away

Jeep follows the Wrangler 4xe with a plug-in hybrid version of its mainstay Grand Cherokee

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InsideEVs

Alfa Romeo MiTo May Return As An EV With Peugeot Underpinnings

New electric-only Alfa Romeo MiTo successor may be in the works on the STLA Small platform for compact cars.

The Independent UK

Macron, Le Pen decry 'shocking' Stellantis CEO pay

French President Emmanuel Macron and his far-right challenger in the French presidential vote, Marine Le Pen, have decried as “shocking” the multimillion euro payout to the CEO of carmaker Stellantis

The Guardian - UK

Macron wants cap on ‘shocking and excessive’ executive pay

In run-up to the presidential vote, French premier calls for EU-wide ceiling after head of carmaker Stellantis receives €19m

France 24

Macron backs EU-wide pay cap for CEOs in nod to left-wing voters

French President Emmanuel Macron and his far-right challenger Marine Le Pen on Friday waded into a heated row about a 19-million-euro pay package given to the head of carmaker Stellantis as top corporate salaries bounced to the forefront of the French election campaign.

Tribune News Service

Stellantis to restructure auto finance services in China

Stellantis NV will consolidate its auto financial services in China to create a wholly owned auto finance company as a part of its restructuring in the world's largest auto market, where it has struggled.

Tribune News Service

Chrysler shows edgier electric Airflow 'Graphite' concept

Chrysler is flashing an edgier look and feel for its all-electric Airflow SUV concept that's meant to signal the transformational direction of the struggling Stellantis NV brand.

Bangkok Post

Stellantis Shareholders Reject Executive Pay Packages

Stellantis NV shareholders took the unusual step Wednesday of rejecting the Jeep maker's pay plan for top executives, including chief executive Carlos Tavares.

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