Stellantis Profit Plunges 48% in First Half of Year
MILAN — Stellantis CEO Carlos Tavares pledged action to tackle problems in North America and elsewhere July 25 after reporting a plunge in first-half earnings.
July 25, 2024Stellantis Forks Out $190 Million in US Fuel Economy Fines
Stellantis NV paid $190 million in civil penalties in the first half of 2024 for failing to meet U.S. fuel efficiency standards, filings with regulators showed.
Stellantis Reports Battery Fire Risk for Hybrid Minivans
AUBURN HILLS, Mich. — Stellantis is telling the owners of more than 24,000 plug-in hybrid minivans to park them outdoors, and to stop charging them due to the possibility of battery fires.
July 19, 2024Stellantis Invests Additional $55M in Electric Air Taxi
Stellantis has invested an additional $55 million in the electric air taxi company Archer Aviation following a successful test flight and other major milestones.
Stellantis Loses Another Executive Amid Slow Sales
Jim Morrison, former U.S. head of the Jeep and Ram brands, has left Stellantis, adding to a string of executive departures as the automaker grapples with sluggish sales.
Mercedes and Stellantis Press Pause on EV Battery Factories
Stellantis and Mercedes-Benz are pausing work on two electric vehicle battery plants and may pivot to manufacturing lower-cost cells in light of slowing demand for still-expensive EVs.
Fuel Cell Maker Symbio Unveils Class 8 FCEV Demonstrator
Hydrogen fuel cell manufacturer Symbio, backed by three auto industry heavyweights, unwrapped a Class 8 tractor equipped with its powertrain.
Stellantis Swaps Third Ram Boss in Three Years as Sales Sink
Stellantis NV replaced the head of its Ram and Dodge brands in the U.S. as the automaker faces pressure from falling sales and a complicated shift to electric vehicles.
Stellantis Shipments Fall Amid Transition to New Vehicles
Stellantis NV said its first-quarter revenue decreased 12% to $44.7 billion compared to last year as the company transitions to making a number of next-generation vehicles.
Stellantis CEO Says EV Battery Weight Must Be Halved
The weight of electric vehicles batteries should be halved over the next decade in order to make the cars more efficient and environmentally friendly, Stellantis NV CEO Carlos Tavares said.