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Some analysts have prediced that Stellantis will be 'hardest hit' by tariffs on US imports from Mexico as the group imported 358,000 units last year

European automakers fall as Trump pledges tariffs

European car makers shares fell today, as traders reacted to President-elect Donald Trump pledging big tariffs on Canada, Mexico and China, news that fueled jitters over a potential global trade war.

Business • 26 Nov 24

Stellantis to halt production at Mirafiori for longer

Carmaker Stellantis will once again halt car production in December at its Mirafiori plant in Turin, for at least another month, daily MF reported today, citing two sources.

Business • 08 Nov 24

Stellantis CEO Carlos Tavares at the Paris car show earlier this year

Stellantis revenues slide as it cuts bloated inventories

Reduced shipments and lower pricing power slashed Stellantis revenue by 27% in the third quarter, the car maker said today as it seeks to fix bloated inventories and poor commercial performance that led to a major profit warning last month.

Business • 31 Oct 24

Fiat owner Stellantis is facing industry-wide challenges such as low demand for more expensive EVs and competition from China

Stellantis set to pause more production in Italy

Stellantis will next month suspend activities at some assembly and engine plants in Italy, including for the Fiat Panda city car, in response to tough market conditions, the car maker said today.

Business • 16 Oct 24

Carlos Tavares has been CEO of Stellantis since it was formed through a 2021 merger between Fiat-Chrysler and Peugeot maker PSA

Stellantis CEO Carlos Tavares to retire in 2026

Stellantis has confirmed that CEO Carlos Tavares would retire at the end of his contract in early 2026 and announced major senior management changes as it struggles to turn around its lagging North American operations.

Business • 11 Oct 24

Stellantis issues profit warning, cites global markets

Stellantis has today slashed its annual forecasts and said it would burn through more cash than expected, citing worsening trends in the industry, higher costs to overhaul its US business and Chinese competition on electric vehicles.

Business • 30 Sep 24

Stellantis pauses production of electric Fiat 500

Stellantis is to suspend production of the fully electric Fiat 500 small car for four weeks due to sluggish demand.

Business • 13 Sep 24

Stellantis CEO to visit US to address lagging profit

Stellantis CEO Carlos Tavares will visit Detroit this week, where he will seek to develop a strategy to fix the European automaker's struggling North American operations and reassure employees and investors, a person familiar with the plans said.

Business • 21 Aug 24

Stellantis misses forecasts with H1 drop in revenues

Stellantis has today pledged to take steps to address problems in North American and elsewhere, including cutting output and prices, after the world's fourth biggest carmaker delivered worse-than-expected first-half results.

Business • 25 Jul 24

New electric and hybrid cars parked at the Stellantis plant in Turin

Stellantis to expand hybrid vehicle line to meet demand

Stellantis said today it would expand its line of affordable hybrid vehicles to 36 models in Europe by 2026, to meet growing demand for this engine type, an alternative to petrol-fuelled cars and electric vehicles.

Business • 09 Jul 24

Stellantis is the largest shareholder in electric vertical takeoff and landing (eVTOL) maker Archer Aviation

Stellantis invests $55m more in air taxi maker Archer

Automaker Stellantis will invest an additional $55m in Archer Aviation after the air taxi maker's flagship aircraft completed a transition flight last month, the companies said today.

Business • 02 Jul 24

Stellantis recalls over 1m vehicles in US

Chrysler parent Stellantis is recalling 1.16 million vehicles in North America over a problem with software that is preventing rear view cameras from displaying, raising the risk of a crash.

Business • 18 Jun 24

The world's fourth-largest carmaker will hold its Investor Day later in the day in the United States.

Stellantis aims to increase dividend payout next year

Stellantis reiterated its 2024 financial forecasts and said it aimed to improve its dividend payout next year.

Business • 13 Jun 24

Stellantis plans to add production of hybrid versions of its Fiat 500 small car and of its Jeep Compass SUV as part of a wider plan of new models to be built in Italy

Stellantis sees Italian plants at full capacity in 2030

Stellantis sees its Italian plants running at full capacity in 2030 as plans for new models, including hybrid ones, are expected to support production, its chief executive Carlos Tavares has said.

Business • 05 Jun 24

Stellantis brands include Peugeot, Fiat, Jeep and Alfa Romeo

Stellantis Q1 revenues fall 12%, forecasts H2

Stellantis said today that its revenue fell 12% in the first quarter, but the Franco-Italian car maker was confident new models would support its growth and profitability in the second half of the year.

Business • 30 Apr 24

Stelllantis CEO Carlos Tavares got a pay package worth up to €36.5m for last year

Stellantis shareholders approve CEO Tavares' 2023 pay

Stellantis shareholders have today approved the compensation paid to the carmaker's top management, including a package worth up to €36.5m for CEO Carlos Tavares.

Business • 16 Apr 24

Stellantis has said it was seeing weak demand for its fully-electric Fiat 500 car

Stellantis signs exit deal for up to 1,500 Turin workers

Stellantis has signed a voluntary deal with unions to cut up to about 1,500 jobs in the Italian city of Turin, the automaker and unions said today.

Business • 26 Mar 24

Stellantis owns brands including Chrysler, Jeep and Fiat

Stellantis aims to sell up to 500,000 cars across Europe

Franco-Italian automaker Stellantis has reached a multi-billion-euro frame agreement with leasing and fleet management company Ayvens to sell up to 500,000 vehicles across Europe over the next three years.

Business • 26 Feb 24

Stellantis said that last year's strikes had cost the group almost €750m in terms of profitability and around €3 billion in terms of revenue

Stellantis operating profit down 10% in H2 due to strikes

Stellantis has today warned of a turbulent year ahead after its operating profit fell 10% in the second half of 2023 when strikes caused long stoppages at its operations in North America, its profit powerhouse.

Business • 15 Feb 24

Stellantis said the strikes in North America over pay increases would cost it less than €750m in terms of profitability

Stellantis least affected by US strikes among Detroit 3

Stellantis said today that the strikes in North America over pay increases would cost it less than €750m in terms of profitability, after a negative impact on group revenue of around €3 billion.

Business • 31 Oct 23

The UK government is planning to delay a 2030 ban on new petrol car sales, reports suggest today

'Confusion' on UK climate policy will hit move to EVs

The transition to electric cars in Britain will be hindered by any confusion over climate policy, the auto industry's trade body said today.

Business • 20 Sep 23

United Auto Workers picket outside Ford's Michigan Assembly Plant

US car workers set to resume bargaining talks

The United Auto Workers and Chrysler-parent Stellantis are to resume bargaining talks today as a strike against the Detroit Three automakers enters its fourth day.

Business • 18 Sep 23

Electric vehicle sales jumped 60.6% in July, continuing a rise buoyed by subsidies in a number of European Union countries

European car sales rise 15% in July, EVs up nearly 61%

European new car registrations jumped 15.2% in July, the 12th consecutive month of growth as the auto industry recovers from pandemic-related supply chain issues, data from the European Automobile Manufacturers Association (ACEA) showed today.

Business • 30 Aug 23

Stellantis has said half of its fleet will be electric by 2030

Stellantis invests over $100m in US lithium project

Car maker Stellantis said it would invest over $100m in California's Controlled Thermal Resources, its latest bet on the direct lithium extraction (DLE) sector amid the global hunt for new sources of the electric vehicle battery metal.

Business • 17 Aug 23

Stellantis had committed to making electric vehicles in the UK, but said it was no longer able to meet Brexit trade rules on where parts are sourced

Car makers Stellantis & Ford want change to Brexit date

British car factories will be forced to close with the loss of thousands of jobs if the UK government does not renegotiate its Brexit deal immediately, automaker Stellantis warned today.

Business • 17 May 23