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Tribune News Service
Tribune News Service
Business
Breana Noble

As Stellantis turns 1, automaker faces two paths

A year after the transatlantic merger that created Stellantis NV, experts say the company is looking at two potential futures.

The maker of Jeep SUVs and Ram pickup trucks has outlined a vision for electrification and software, announced strategic partnerships and pressed through an unprecedented microchip shortage. It moved forward on cost cuts in early efforts to transform itself into the tech mobility company required by changes in the industry that its predecessors, Fiat Chrysler Automobiles NV and French rival Groupe PSA, concluded they couldn't handle alone.

Still, the world's fourth largest automaker has yet to launch a fully electric vehicle in North America, it has underutilized plants and brands with overlapping audiences in Europe, and it continues to lose money in China, the world's largest autos market.

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