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The Latest Breaking News from Stellantis

Maserati signs Formula E powertrain partnership with Venturi

Venturi and Maserati have signed a multi-year partnership, with the incoming Italian company to supply Formula E powertrains from 2022-23.

Autosport

Chrysler 200 And Dodge Dart Among Stellantis Zombie Cars In Q1 2022

Another dead-but-alive model was the Fiat 500.

Motor1

Why auto affordability concerns loom as costs rise, sales drop in Q1

Automakers and dealers are worried about affordability as supply-chain woes keep inventory levels low and customers are hit with increased inflation, high gas prices and climbing interest rates.

Tribune News Service

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Jeep plant near Rockford slated for more job cuts

Retirement offers and layoffs will further reduce the workforce at Belvidere as Stellantis deals with declining sales of its Cherokee model.

Chicago Sun-Times

Stellantis To Shut Down Russia Plant Due To Component Crisis; Looks To Source Computer Chips From Europe, US

Stellantis NV (NYSE:STLA) looks to source computer chips from Europe and the U.S. within three to four years, Reuters reports. CEO Carlos Tavares said multiple initiatives to develop more local sourcing of semiconductors after import shortages from Asia weighed on the industry. Stellantis looked to shut down a van plant in Russia…

Benzinga

New Detroit Jeep plant hit with 4th air quality violation

The state of Michigan has issued a fourth air-quality violation against the new Jeep plant in Detroit for more nuisance odors from the paint used on the Grand Cherokee SUVs produced there.

Tribune News Service

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

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3 Stocks in Oversold Territory: Movado, Stellantis, and Bluegreen Vacations

Investors' concerns over the possibility of aggressive interest rate hikes and the persistent geopolitical tensions have led to market sell-offs. The overall pressure on the stock market pushed fundamentally sound stocks Stellantis (STLA), Movado (MOV), and Bluegreen Vacations (BVH) into the oversold territory. However, considering their long-term growth prospects, these…

StockNews.com

Hurricane watch: New inline-6 engine replaces V-8s as Stellantis manages EV regulations

The gas engine is dead, long live the gas engine.

Tribune News Service

Automotive Cell Company Announces Battery Gigafactory In Italy

The ACC battery joint venture, established by Stellantis and TotalEnergies/Saft, confirmed that Mercedes-Benz joined the endeavour as a new, equal partner.

InsideEVs

Jeep Quietly Confirms Twin-Turbo I6 Engine For Grand Wagoneer

It's listed as an "engine upgrade" costing $2,000.

Motor1

Official: Stellantis And LGES Announce 45+ GWh Gigafactory In Canada

Stellantis and LG Energy Solution officially announced an over $5 billion CAD ($4.1 billion USD) investment in a battery gigafactory joint venture in Canada.

InsideEVs

Canada: LGES Reveals Battery JV Plan With Stellantis

The rumors about a new battery gigafactory in Canada appear to be true, as LG Chem's LG Energy Solution revealed a few details in a regulatory filing.

InsideEVs

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

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The Independent UK

EV battery maker LG will add up to 1,200 jobs in Michigan

Electric vehicle battery maker LG Energy Solution, a joint-venture partner with automaker General Motors, plans a $1.7 billion expansion in western Michigan that will add up to 1,200 jobs by 2025

InsideEVs

Report: Stellantis And LGES's Battery Plant Might Be Built In Canada

According to Bloomberg News (via Automotive News Canada), the upcoming Stellantis and LGES' battery cell plant will be built in Ontario, Canada.

Motor1

Jeep Renegade Red Edition Joins 2022 Lineup, Order Books Now Open

It starts at $31,185.

Tribune News Service

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.

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Benzinga

Stellantis, LG Energy Solution Eye New EV Battery Plant In Ontario: Bloomberg

Stellantis NV (NYSE:STLA) and LG Energy Solution Ltd look to build their new battery plant in Ontario, Canada, Bloomberg reports. The Canadian government’s incentives for clean-energy businesses served as a key driver in attracting the companies to the country. Also Read: Stellantis CEO Looks To Catch Up With Tesla In Coming Years, Russia-Ukraine Crisis Could Dampen…

InsideEVs

Stellantis CEO Confident, "Not Arrogant," Of Catching Up With Tesla

Carlos Tavares expects "a very healthy competition" between Stellantis and Tesla, which will be "very good for the consumer."

Tribune News Service

Stellantis Ventures has $328M to boost technology startups

The maker of Jeep SUVs and Ram pickup trucks is looking to get aggressive as a venture capitalist to find the people and technologies that can help it achieve its mission toward clean, safe and affordable mobility.

Tribune News Service

EPA to investigate racial discrimination complaint over Jeep plant permit

DETROIT — The U.S. Environmental Protection Agency will investigate Michigan's environment department to determine whether it racially discriminated against a lower-income, majority-Black neighborhood in approving an emissions permit for a new Jeep plant in Detroit.

The Guardian - UK

‘You have to drive your competitive advantage’: Alison Jones of Stellantis

She runs UK operations for six car brands – and can’t understand the government’s half-hearted policy on electric vehicles

Benzinga

Stellantis CEO Looks To Catch Up With Tesla In Coming Years

Stellantis NV (NYSE:STLA) CEO Carlos Tavares sees his company catching up with EV pioneer Tesla Inc (NASDAQ:TSLA) in the coming years, Reuters reports from Mobility TV World session. He sees the competition benefitting the consumers. Also Read: Stellantis CEO Says Company Being 'Forced' To Make Electric Vehicles, Stellantis, Samsung SDI Collaborate To Produce EV Battery For North…

StockNews.com

Ford Motor or Stellantis, Which Auto Manufacturer is a Better Buy?

Automobile manufacturing had been suffering due to a global semiconductor shortage and pandemic-related supply chain disruptions. However, the sector is expected to rise amidst high pent-up demand for automobiles. Ford Motor (F) and Stellantis (STLA) are two prominent auto manufacturers. But which of these two stocks is a better buy?…

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