The Latest Breaking News from Doug Ostermann

Stellantis is Writing Off 2024

It's no secret that Stellantis is struggling. The company just announced a bevy of third-quarter financial statistics, though two numbers stand out in the crowd. Revenue is down 27 percent, and vehicle shipments are off 20 percent. Specifically, that's 279,000 fewer cars versus last year.

Motor1 · Oct 31, 2024

Sales Slump 27% At Carmaker Stellantis

Stellantis, the carmaker which owns the Jeep, Peugeot and Fiat brands, said Thursday that its sales fell 27 percent in the third quarter because of market difficulties in North America.

International Business Times · Oct 31, 2024

Stellantis, seeking to revive sales, makes some leadership changes

Stellantis, which makes Jeep and Chrysler vehicles, announced a number of significant leadership changes, including the timing of CEO Carlos Tevares’ retirement and the departure of its chief financial officer as it struggles to revive sales in North America

The Independent UK · Oct 11, 2024