Business
Europe: Stoxx 600 rebounds in broad based gains; Stellantis plunge drags auto stocks
Europe’s benchmark share index rose on Friday (Feb 6) in a largely broad-based rebound from the prior session’s losses, as investors…
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Stellantis
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Stellantis plunges after taking 22 billion euros hit on EVs
The writedowns, which include some 6.5 billion euros in cash payments mainly to compensate suppliers Stellantis shares fell the most on…
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Stellantis scraps US plug-in hybrid sales, citing weak demand
The automaker’s pullback comes as Detroit carmakers reassess electric-vehicle spending amid policy changes under US President Donald Trump…
Business
Stellantis takes fresh swipe at BYD on EV sales in Europe
Chinese carmakers have been on a tear in Europe despite the region’s import tariffs, offering electric as well as hybrid models at…
Business
Stellantis, China’s Pony AI to test robotaxis in Europe
Stellantis plans to team up with Chinese robotaxi operator Pony AI to start testing autonomous vans in Luxembourg. The agreement involves…
Business
Stellantis to invest US$13 billion in the United States
The investment will infuse new capital into plants in Michigan, Illinois, Ohio and Indiana Stellantis announced a US$13 billion investment…
Business
Stellantis said to plan US$10 billion in US turnaround investments
The carmaker is temporarily pausing production at eight of its plants in Europe amid lagging demand for models including the Alfa Romeo…
Business
BYD outsells Tesla in EU for second month, Stellantis returns to sales growth
CHINESE EV maker BYD sold three times as many new cars in the European Union last month than in August 2024, surpassing US competitor…
Business
Stellantis poaches Renault design chief to lead Europe revamp
Stellantis hired Gilles Vidal, one of Renault’s top design executives, as the maker of Peugeot cars seeks a makeover under its new chief…
Business
Stellantis shares fall as new CEO avoids big shake-up of top jobs
Stellantis new CEO Antonio Filosa started his tenure on Monday (Jun 23) by retaining his previous role as head of the key North American…
Business
Chrysler's future has to wait a few more years
The Chrysler brand is marking 100 years in 2025 and though its stable of vehicles is weak, consisting of two similar minivans, one of…
Business
Stellantis and CATL to invest €4.1 bn in joint Spanish battery plant
The Stellantis logo pictured on a banner outside the Opel plant in Eisenach. Martin Schutt/ZB/dpa The multinational car maker Stellantis…
Business
Stellantis, China’s CATL to invest 4.1 billion euros in EV battery factory in Spain
STELLANTIS and Chinese battery maker CATL will invest 4.1 billion euros (S$5.8 billion) in a factory making electric vehicle batteries in…
Business
US proposes US$7.5 billion loan to Stellantis, Samsung SDI battery joint venture
THE US Energy Department said on Monday (Dec 2) it is planning to loan up to US$7.5 billion to a joint venture of Chrysler parent…
Business
Stellantis CEO Tavares quits and hands over to interim committee
STELLANTIS chief executive officer Carlos Tavares is stepping down after profit slumped and US sales weakened at the maker of Jeep SUVs…
Business
Stellantis reels after CEO’s early departure leaves void
Stellantis chief executive officer Carlos Tavares’ surprise departure leaves the maker of Jeep SUVs and Peugeot cars without clear…
Business
Stellantis to lay off 1,100 workers at Ohio Jeep plant
STELLANTIS said on Wednesday (Nov 6) that it is laying off about 1,100 employees at a Jeep Gladiator plant in Toledo, Ohio, as it works to…
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BYD said to hire former Stellantis UK boss for Europe push
China’s BYD is hiring the former UK chief of Stellantis, according to people familiar with the matter, as the EV maker builds a team of…
Business
Jeep owner Stellantis warns of fire risk in 200,000 plug-in SUVs
STELLANTIS warned that nearly 200,000 plug-in hybrid Jeep SUVs worldwide may be at risk of catching fire. The carmaker is recalling…