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The Latest Breaking News from Stellantis

'Everybody Wanted to Keep the Hemi' Except Stellantis Ex-CEO Tavares, Sources Say

Carlos Tavares is gone as Stellantis' CEO, and in the aftermath of his resignation, a number of company insiders have come forward to provide an autopsy on his time as chief executive. It's not pretty, but one part of the saga is particularly jarring. “Everybody wanted to keep [Hemi],” a source…

Motor1

CATL And Stellantis To Build Battery Factory In Spain

CATL and Stellantis to invest 4.1 billion euros in a battery factory in Spain for electric vehicles, leveraging renewable energy sources. EU's green transi...

Top News

China's CATL forms joint venture with Stellantis to build electric vehicle battery factory in Spain

Chinese electric battery giant CATL and automaker Stellantis say they will build a major battery factory in northern Spain

The Independent UK

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Stellantis, Chinese Firm CATL Plan $4bn Battery Plant In Spain

Car giant Stellantis and Chinese manufacturer CATL said Tuesday they would build a $4.3-billion factory to make electric vehicle batteries in Spain, the latest bid to boost Europe's troubled EV drive.

International Business Times

Return of the King: Tim Kuniskis Is Back as Ram CEO

Retiring just months ago, Tim Kuniskis was the Fiat-Chrysler executive behind Dodge's meteoric rise as a performance brand between 2014 and 2023. With Stellantis in turmoil, he has now returned. Following the resignation of the conglomerate's CEO, Carlos Tavares, Kuniskis is back as the head of Ram Trucks, which he…

Motor1

Stellantis Promises Half-Price Lithium-Sulfur EV Batteries ‘By 2030’

Solid-state batteries are not the only technology that promises increased range, lower manufacturing costs and lower weight. It’s also not the only technology that’s “just around the corner” for tomorrow’s electric vehicles.

InsideEVs

Meet John Elkann, the enigmatic billionaire heir fighting to save Jeep parent Stellantis

To get a better idea of what makes 48-year-old John Elkann tick, Fortune spoke to the author who chronicled his family’s turbulent history.

Fortune

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The Winner Of This 'Best Cheap Small EV' Test Is A Nice Surprise

Here in the United States, our selection of small, affordable electric vehicles is pretty small. (I'd argue that our selection of small, affordable cars period is small too and that's a big part of the problem.) It's likely to improve in the next few years with the rebooted Chevrolet Bolt…

InsideEVs

Archer or Joby: Which Aviation Company Might Rise Fastest?

The eVTOL space is taking off, with Archer Aviation leading the pack—investors should also watch rival Joby to see who reaches commercialization first.

MarketBeat

Stellantis recalling more than 300,000 Ram trucks for braking system defect

Stellantis is recalling more than 300,000 Ram Heavy Duty pickup trucks because a faulty part could cause certain braking and tracking systems to fail

The Independent UK

John Elkann: Italian Dynasty Heir At The Helm Of Stellantis

John Elkann, who is taking the wheel at Jeep and Fiat owner Stellantis after the ouster of its CEO, is the discreet but steely heir to an Italian dynasty associated with Juventus, Ferrari and The Economist.

International Business Times

Stellantis Stock Falls as CEO Departs: What Investors Should Know

STLA stock is down more than 2% after the resignation of CEO Carlos Tavares, and the company's inventory problems are likely to dampen investor interest

MarketBeat

Why General Motors Just Took A $5 Billion Hit In China

For much of this year, we've been covering the rise of the Chinese auto industry as primarily a problem for the European auto industry. Every car company has lost sales in their biggest market as the local competition got better and better, but Volkswagen and others have to do battle…

InsideEVs

Elon Musk Will Not Get A $100 Billion Pay Package For Christmas

Remember Elon Musk's $56 billion payday? I know what you're thinking: not this news again. But, yes, this news again—Musk's multi-billion-dollar pay package is once again a topic of debate. More than five months after it fell off the news cycle, things aren't looking great for ol' Elon despite the…

InsideEVs

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The Guardian - UK

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

Benzinga

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

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.

Motor1

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…

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The Guardian - UK

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

Benzinga

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.

International Business Times

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.

The Independent UK

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

InsideEVs

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…

Top News

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.

Fortune

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.

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