The Latest Breaking News from Stellantis NV

Stellantis laying off more workers at Jeep plant in Illinois for 'sustainable' operations

Stellantis NV is laying off more workers at its Jeep plant in Illinois "in order to operate the plant in a more sustainable manner," the automaker said on Monday in a statement.

Tribune News Service · Mar 29, 2022

Stellantis Fires Up EV Rivalry With Tesla

Stellantis NV (NYSE:STLA), Mercedes-Benz Group AG (OTC:DMLRY), and TotalEnergies SE (NYSE:TTE) joint venture Automotive Cells Company looked to build an EV battery plant in Italy. The plant would involve an investment of over €7 billion, Reuters reports The partners aimed to increase its industrial capacity to at least 120-gigawatt hours (GWh) by 2030. ACC looked to produce batteries…

Benzinga · Mar 23, 2022

Maserati to electrify lineup by 2025, halt gas vehicle sales by 2030

Maserati will offer a fully electric lineup by 2025 and no long sell gas-powered vehicles by 2030, the luxury brand of Stellantis NV said on Thursday.

Tribune News Service · Mar 18, 2022

Russia-Ukraine Crisis Could Dampen EV Ambitions Of Tesla, Ford And Others: FT

Russia's attack on Ukraine has highlighted concerns about oil dependency and petrol prices just as EV manufacturers look to deliver a wide range of greener cars, Financial Times reports.  Ukraine is a significant producer of the miles of cables and connectors that power many cars' electrical systems. Russia's importance as the…

Benzinga · Mar 9, 2022

Stellantis CEO: Ford's EV, legacy restructuring is 'HR challenge'

Stellantis NV CEO Carlos Tavares says Ford Motor Co.'s restructuring to separate the company's legacy business from its electric-vehicle operations is a way to impress investors — not consumers who should be the priority.

Tribune News Service · Mar 4, 2022

Stellantis Divulges Its EV Ambitions

Stellantis NV (NYSE: STLA) looks to dou

Benzinga · Mar 1, 2022

Stellantis to launch fund for Ukrainian refugees

Jeep and Peugeot parent Stellantis NV on Tuesday said it will start a fund to support Ukrainian refugees following Russia's invasion into the eastern European nation.

Tribune News Service · Mar 1, 2022

Stellantis Registers 14% Pro Forma Revenue Growth In FY21

Stellantis NV (NYSE:STLA) reported FY21 Pro Forma sales growth of 14% year-on-year, to €152 billion, versus €133.9 billion the previous year. On a Pro Forma basis, North America revenue rose 15% Y/Y to €69.7 billion, South America increased 71% to €10.7 billion, Europe 5% to €59 billion, Middle East & Africa rose 9%…

Benzinga · Feb 23, 2022

Maserati to debut Grecale SUV next month

Maserati will debut a new luxury SUV known as the Grecale next month, the luxury brand of Stellantis NV said on Tuesday, after its reveal last year was delayed due to the global microchip shortage.

Tribune News Service · Feb 15, 2022

Stellantis Plans To Raise Stake In China JV To 75%

Stellantis NV (NYSE:STLA) plans to increase its shareholding in the joint venture GAC-Stellantis to 75% from 50%. The financial terms were not disclosed. GAC-Stellantis is a joint venture formed between China Guangzhou Automobile Group Co., Ltd. (GAC Group) and Stellantis in March 2010. The move comes as a part of Stellantis' plan to…

Benzinga · Jan 27, 2022