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The Latest Breaking News from Stellantis

Morning Brief: Top Financial Stories Dominating on Tuesday, April 19

CNBC US Calls For Global Agreement To End Anti-Satellite Missile Testing

Benzinga

Stellantis Suspends Production In Russia

Stellantis NV (NYSE:STLA) said it is halting its production in Russia owing to economic sanctions and logistical difficulties. The automaker has 1% of Russia's car market, producing Peugeot, Citroёn, Opel, Jeep, and Fiat brands, Reuters reported. "Given the rapid daily increase in cross sanctions and logistical difficulties, Stellantis has suspended its manufacturing operations in Kaluga…

Benzinga

2022 Jeep Grand Cherokee 4xe First Drive Review: Plug Away

Jeep follows the Wrangler 4xe with a plug-in hybrid version of its mainstay Grand Cherokee

Motor1

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Alfa Romeo MiTo May Return As An EV With Peugeot Underpinnings

New electric-only Alfa Romeo MiTo successor may be in the works on the STLA Small platform for compact cars.

InsideEVs

Macron, Le Pen decry 'shocking' Stellantis CEO pay

French President Emmanuel Macron and his far-right challenger in the French presidential vote, Marine Le Pen, have decried as “shocking” the multimillion euro payout to the CEO of carmaker Stellantis

The Independent UK

Macron wants cap on ‘shocking and excessive’ executive pay

In run-up to the presidential vote, French premier calls for EU-wide ceiling after head of carmaker Stellantis receives €19m

The Guardian - UK

Macron backs EU-wide pay cap for CEOs in nod to left-wing voters

French President Emmanuel Macron and his far-right challenger Marine Le Pen on Friday waded into a heated row about a 19-million-euro pay package given to the head of carmaker Stellantis as top corporate salaries bounced to the forefront of the French election campaign.

France 24

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Stellantis to restructure auto finance services in China

Stellantis NV will consolidate its auto financial services in China to create a wholly owned auto finance company as a part of its restructuring in the world's largest auto market, where it has struggled.

Tribune News Service

Chrysler shows edgier electric Airflow 'Graphite' concept

Chrysler is flashing an edgier look and feel for its all-electric Airflow SUV concept that's meant to signal the transformational direction of the struggling Stellantis NV brand.

Tribune News Service

Stellantis Shareholders Reject Executive Pay Packages

Stellantis NV shareholders took the unusual step Wednesday of rejecting the Jeep maker's pay plan for top executives, including chief executive Carlos Tavares.

Bangkok Post

Stellantis, Qualcomm Partner To Power Vehicle Platforms With Snapdragon Digital Chassis Solutions

Stellantis NV (NYSE:STLA) and Qualcomm Inc (NASDAQ:QCOM) forged a multi-year technology collaboration. The financial terms of the arrangement were not disclosed. The alliance will help Stellantis merge all software domains into High-Performance Computers, leveraging the high-performance, low-power Snapdragon Automotive Platforms across all significant vehicle domains. The companies look to utilize the latest Snapdragon Digital Chassis…

Benzinga

Chrysler Airflow Concept To Get New Design, Teases Refreshed Grille

The new look debuts this week at the New York Auto Show.

Motor1

Maserati GranTurismo Folgore Seen Up Close With Stellantis CEO Driving

It debuts next year.

Motor1

US: Jeep Wrangler 4xe Tops PHEV Category With 8,346 Units Sold In Q1 2022

Stellantis highlights some noticeable sales of plug-in hybrid vehicles in the US - north of 12,000 units.

InsideEVs

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Motor1

Mitsubishi Stops Car Production And Sales In Russia

More automakers suspend ops in Russia

Tribune News Service

Auto review: The 2023 Maserati Grecale is a new vehicle from a revitalized brand

Maserati. Many Americans know the name, but few know why it became renowned.

Autosport

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.

Motor1

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

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

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Tribune News Service

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.

Chicago Sun-Times

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.

Benzinga

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…

Tribune News Service

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.

StockNews.com

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…

Tribune News Service

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

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

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