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BIZARRE: 25 | Mind Blowing Facts

Meloni says Italy aims to protect jobs after CEO of Fiat owner Stellantis quits

Company is at loggerheads with Italian government, which claims it has not invested enough in the country

The Guardian - UK · Dec 3, 2024

Elon Musk's DOGE Co-Lead Already Targeting Tesla Rivals? Vivek Ramaswamy Flags Stellantis' $7.5B Loan Days After Criticizing Rivian's $6.6B Loan

Vivek Ramaswamy, co-leader of the Department of Government Efficiency, has ramped up criticism of the Biden administration's electric vehicle loans, targeting a $7.5 billion loan to StarPlus Energy, a joint venture with Stellantis, days after questioning a $6.6 billion loan to Rivian.

Benzinga · Dec 3, 2024

Stock Of The Day: Stellantis Faces Uncertainty, But Could Support Trigger A Rally?

Stellantis N.V. (STLA) are trading lower after the CEO resigned. They are getting close to a support level. Technical traders sense profits.

Benzinga · Dec 2, 2024

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Your Average Alfa Dealer Sells Fewer Than Seven Cars Per Month

On Monday a Reddit user highlighted a dismal figure for Alfa Romeo: According to their math, the average Alfa dealership in the United States has sold about five cars per month so far this year. The user pulled an old stat that put Alfa’s US presence at 135 dealerships, but that…

Motor1 · Dec 2, 2024

Stellantis’s Carlos Tavares: the hard-driving boss ejected from global carmaker

Firm rejects ruthless approach of former chief executive known for pushing for bigger profits

The Guardian - UK · Dec 2, 2024

Stellantis' Market Value Halves In 2024: Why CEO Tavares' Exit Could Take Things From Bad To Worse

Stellantis struggles in 2024, with stock down 47%, CEO Carlos Tavares' unexpected resignation and challenges in EV sales and competition. Analysts warn of leadership uncertainty and internal/external pressures.

Benzinga · Dec 2, 2024

Stellantis Says Goodbye To 'Performance Psychopath' CEO

Carlos Tavares, a self-proclaimed "performance psychopath" who drove auto giant Stellantis with aggressive cost-cutting and high car prices, reached the end of the road as CEO when his strategy hit a dead end.

International Business Times · Dec 2, 2024

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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 · Dec 2, 2024

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 · Dec 2, 2024

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.

Billionaire Fiat heir assumes control of Jeep and Ram parent Stellantis after embattled CEO Carlos Tavares exits

John Elkann, 48, is heir to the illustrious Agnelli family, the closest thing Italy has to royalty and often compared to the Kennedys owing to its history of fame, charisma, and tragedy.

Fortune · Dec 2, 2024

Global Markets React To Economic Data And Corporate News

Global markets react to Wall Street dips, Stellantis CEO change, upcoming earnings reports, and positive movements in China and Asia.

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 · Dec 2, 2024

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 · Dec 2, 2024

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InsideEVs · Dec 2, 2024

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.

International Business Times · Dec 1, 2024

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.

The Guardian - UK · Dec 1, 2024

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

Motor1 · Dec 1, 2024

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…

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The Independent UK · Dec 1, 2024

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

InsideEVs · Dec 1, 2024

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.

Benzinga · Nov 29, 2024

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.

The Guardian - UK · Nov 29, 2024

‘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 · Nov 28, 2024

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 · Nov 27, 2024

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 · Nov 27, 2024

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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