Tag #Stellantis

Showing 25 to 36 of 74 results

kathimerini.gr

🌐 85% Global Worthiness

Apr 3, 22:15

Stellantis Plant Closure Highlights U.S. Tariffs' Impact on Auto Industry

Stellantis announced a two-week closure of its Windsor, Ontario plant, impacting 4,000 jobs, and potential production cuts in Mexico due to U.S. tariffs on imported vehicles; the company, along with Ford and GM, is lobbying for tariff removal.

Stellantis Plant Closure Highlights U.S. Tariffs' Impact on Auto Industry

Stellantis announced a two-week closure of its Windsor, Ontario plant, impacting 4,000 jobs, and potential production cuts in Mexico due to U.S. tariffs on imported vehicles; the company, along with Ford and GM, is lobbying for tariff removal.

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Decent Work and Economic Growth

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How are the three major North American automakers responding to the increased tariffs on imported vehicles?

The plant produces Chrysler Pacifica minivans and Dodge Charger electric vehicles, largely exported to the U.S. Stellantis, alongside Ford and General Motors, is lobbying the U.S. government to remove these tariffs, fearing increased production costs and potential job losses.

repubblica.it

🌐 85% Global Worthiness

Mar 20, 04:12

Stellantis's €157 Billion Revenue and Continued Commitment to Italy

Stellantis chairman John Elkann addressed the Italian Parliament, highlighting the company's €157 billion revenue, 5.5 million vehicle sales, and continued commitment to Italy, emphasizing its role in preventing the collapse of the Italian automotive sector.

Stellantis's €157 Billion Revenue and Continued Commitment to Italy

Stellantis chairman John Elkann addressed the Italian Parliament, highlighting the company's €157 billion revenue, 5.5 million vehicle sales, and continued commitment to Italy, emphasizing its role in preventing the collapse of the Italian automotive sector.

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Decent Work and Economic Growth

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What is the current economic impact of Stellantis on Italy, and how does this compare to the company's situation two decades ago?

Stellantis, the world's fourth-largest automaker, reported €157 billion in revenue and the sale of 5.5 million vehicles in 2023. This contrasts sharply with its near-collapse in 2004, highlighting a remarkable turnaround driven by strategic investments and leadership changes. The company's Italian operations are central to its global strategy.

lefigaro.fr

🌐 75% Global Worthiness

Feb 28, 13:11

Stellantis CEO's €12 Million Severance Package After Profit Drop

Stellantis's former CEO, Carlos Tavares, received a €12 million severance package (€2 million severance and €10 million bonus) after his December 1st, 2024 departure, reflecting the company's halved profit margins in 2024, despite his total 2024 compensation reaching €23.1 million.

Stellantis CEO's €12 Million Severance Package After Profit Drop

Stellantis's former CEO, Carlos Tavares, received a €12 million severance package (€2 million severance and €10 million bonus) after his December 1st, 2024 departure, reflecting the company's halved profit margins in 2024, despite his total 2024 compensation reaching €23.1 million.

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Reduced Inequality

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What were the primary components of Tavares's 2024 compensation, and how did they contribute to the overall figure?

Tavares's compensation included a €2 million fixed salary and €21.1 million in variable bonuses tied to company performance. The significant reduction in his 2024 compensation reflects Stellantis's decreased profitability, resulting in his removal. This contrasts with earlier press reports suggesting a much higher severance package.

lexpress.fr

🌐 85% Global Worthiness

Feb 18, 13:10

France's Takata Airbag Recall Expands to North, Halting 236,900 Vehicles

On February 17, 2024, approximately 236,900 Citroën C3 and DS 3 owners in northern France were ordered to stop driving their vehicles due to faulty Takata airbags that have caused at least twelve deaths; the recall follows a similar campaign in southern France and overseas territories, where climate...

France's Takata Airbag Recall Expands to North, Halting 236,900 Vehicles

On February 17, 2024, approximately 236,900 Citroën C3 and DS 3 owners in northern France were ordered to stop driving their vehicles due to faulty Takata airbags that have caused at least twelve deaths; the recall follows a similar campaign in southern France and overseas territories, where climate...

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Good Health and Well-being

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How did climate conditions influence the timing and geographic focus of the Takata airbag recall campaigns?

This recall expands a previous campaign targeting southern France and overseas territories, where warmer, more humid climates accelerate airbag degradation. The decision to prioritize these regions was based on climate data showing higher risk of ammonium nitrate degradation within the airbags. The current recall affects vehicles registered between 2008 and 2013 in northern France.

abcnews.go.com

🌐 75% Global Worthiness

Jan 23, 01:10

Stellantis to Reopen Illinois Plant, Build Durango in Detroit

Stellantis will reopen its Belvidere, Illinois assembly plant in 2027, creating 1,500 jobs to produce a new midsize pickup truck, and will build the next-generation Dodge Durango in Detroit following a dispute with the United Auto Workers union.

Stellantis to Reopen Illinois Plant, Build Durango in Detroit

Stellantis will reopen its Belvidere, Illinois assembly plant in 2027, creating 1,500 jobs to produce a new midsize pickup truck, and will build the next-generation Dodge Durango in Detroit following a dispute with the United Auto Workers union.

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How did the UAW's actions and negotiations influence Stellantis's decision regarding the Belvidere plant and Durango production?

The reopening of the Belvidere plant and continued Durango production in Detroit represent a significant victory for the UAW, which had filed charges against Stellantis for allegedly violating its contract. The decision reflects the union's successful negotiation and highlights the power of collective bargaining in securing jobs and investments in the US auto industry.

lefigaro.fr

🌐 75% Global Worthiness

Jan 21, 16:11

Citroën Expands Takata Airbag Recall to All of Europe

Citroën is recalling over 869,000 C3 and DS3 vehicles in Europe due to faulty Takata airbags, beginning with a phased approach in late January and prioritizing older vehicles in northern regions before extending to other European countries by June.

Citroën Expands Takata Airbag Recall to All of Europe

Citroën is recalling over 869,000 C3 and DS3 vehicles in Europe due to faulty Takata airbags, beginning with a phased approach in late January and prioritizing older vehicles in northern regions before extending to other European countries by June.

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Good Health and Well-being

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Why is Citroën prioritizing older vehicles in northern Europe for the recall?

This expansion follows an initial recall of 102,000 vehicles in Southern Europe. The decision to prioritize northern regions stems from data suggesting a higher risk of airbag failure in older vehicles due to chemical component degradation accelerated by time and environmental factors. This phased approach ensures sufficient parts and repair capacity to manage the large-scale recall.

elmundo.es

🌐 85% Global Worthiness

Mar 23, 22:11

Spain Favored for Leapmotor B10 Electric SUV Production

Stellantis and Leapmotor are considering Spain to produce Leapmotor's B10 electric SUV, a €180 million investment in Stellantis' Zaragoza plant starting in 2026, chosen over Poland due to tariffs and other locations due to Spain's supportive environment for electric vehicles.

Spain Favored for Leapmotor B10 Electric SUV Production

Stellantis and Leapmotor are considering Spain to produce Leapmotor's B10 electric SUV, a €180 million investment in Stellantis' Zaragoza plant starting in 2026, chosen over Poland due to tariffs and other locations due to Spain's supportive environment for electric vehicles.

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Industry, Innovation, and Infrastructure

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What factors influenced the decision to potentially locate the production of Leapmotor's B10 electric SUV in Spain?

Stellantis and Leapmotor are considering Spain as the primary location to manufacture Leapmotor's B10 electric SUV, a decision expected by early 2026. This would involve a €180 million investment in Stellantis' Zaragoza plant, producing a vehicle in high demand due to its size (4.5 meters).

repubblica.it

🌐 75% Global Worthiness

Mar 20, 04:12

Stellantis's €1.686 Trillion Economic Impact in Italy Outweighs Subsidies Received

A 20-year analysis reveals Stellantis's €1.686 trillion contribution to the Italian economy significantly outweighs the €1.3 billion in subsidies received; this includes R&D and investment subsidies as well as unemployment benefits.

Stellantis's €1.686 Trillion Economic Impact in Italy Outweighs Subsidies Received

A 20-year analysis reveals Stellantis's €1.686 trillion contribution to the Italian economy significantly outweighs the €1.3 billion in subsidies received; this includes R&D and investment subsidies as well as unemployment benefits.

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Decent Work and Economic Growth

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How does the Italian government's support for Stellantis, including R&D and investment subsidies, compare to similar support for other large corporations?

Stellantis's total economic output in Italy over 20 years reached €1.686 trillion, significantly exceeding the subsidies received. This includes direct production (€668 billion), indirect effects (€694 billion), and induced effects (€324 billion). Even considering €528 million more withdrawn than paid into the unemployment fund, the net effect is substantially positive for the Italian state.",

theglobeandmail.com

🌐 85% Global Worthiness

Feb 26, 19:10

Stellantis Faces Potential Losses from U.S. Tariffs

Stellantis reported a difficult 2024 and warned of substantial profit reductions from potential U.S. tariffs on Mexican and Canadian-made vehicles, urging the administration to avoid them while other automakers suggest targeting Asian and European imports instead.

Stellantis Faces Potential Losses from U.S. Tariffs

Stellantis reported a difficult 2024 and warned of substantial profit reductions from potential U.S. tariffs on Mexican and Canadian-made vehicles, urging the administration to avoid them while other automakers suggest targeting Asian and European imports instead.

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How do Stellantis's lobbying efforts compare to those of other major automakers regarding the proposed tariffs?

Stellantis's concerns highlight the complex trade dynamics in the automotive sector. The proposed tariffs, targeting imports from Mexico and Canada, threaten Stellantis's profitability as 39% of its North American vehicles originate from these countries. This contrasts with the approach advocated by some executives who prefer tariffs on Asian and European imports.

repubblica.it

🌐 75% Global Worthiness

Feb 3, 13:12

Stellantis Restructures for Enhanced Efficiency and Growth

Stellantis announced a restructuring on January 11, 2025, streamlining its organization to improve efficiency and customer service, with new leadership appointments in key areas like product development, quality, and marketing, while the search for a new CEO continues.

Stellantis Restructures for Enhanced Efficiency and Growth

Stellantis announced a restructuring on January 11, 2025, streamlining its organization to improve efficiency and customer service, with new leadership appointments in key areas like product development, quality, and marketing, while the search for a new CEO continues.

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How does the integration of software development and the new marketing structure contribute to Stellantis's overall strategic goals?

The reorganization integrates software development into a product technology unit, headed by Ned Curic, to expedite product launches. Antonio Filosa now leads global Quality, and Corporate Affairs and Communications are unified under Clara Ingen-Housz. A new Marketing Office, led by Olivier François, groups brand marketing functions.

theglobeandmail.com

🌐 85% Global Worthiness

Jan 21, 16:11

Stellantis Chairman Meets Trump Amidst US Trade Policy Uncertainty

Stellantis Chairman John Elkann met with President Trump to discuss the impact of potential US tariffs on auto imports from Mexico and Canada, highlighting the auto industry's efforts to navigate new economic policies under the Trump administration, as Trump revoked an executive order focused on ele...

Stellantis Chairman Meets Trump Amidst US Trade Policy Uncertainty

Stellantis Chairman John Elkann met with President Trump to discuss the impact of potential US tariffs on auto imports from Mexico and Canada, highlighting the auto industry's efforts to navigate new economic policies under the Trump administration, as Trump revoked an executive order focused on ele...

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How might Stellantis's proactive engagement with the Trump administration influence its long-term strategy in the US automotive market?

Elkann's visit underscores the broader efforts of business leaders to engage with the Trump administration amid concerns over trade and economic policy changes. Stellantis's statement expressing optimism about Trump's focus on domestic manufacturing suggests a strategic attempt to align with the administration's priorities. The potential tariffs and revocation of the electric vehicle mandate illustrate the significant challenges and opportunities facing automakers under the new administration.

faz.net

🌐 85% Global Worthiness

Jan 14, 19:10

European Automakers Join Tesla Emission Pool Amidst Stricter EU Regulations

Facing stricter EU CO2 emission limits, several European automakers, including Stellantis, surprisingly joined Tesla's emission pool; Volvo Cars anticipates €300 million in compensation, while Volkswagen asserts its ability to meet targets independently, amidst ongoing discussions about potential pe...

European Automakers Join Tesla Emission Pool Amidst Stricter EU Regulations

Facing stricter EU CO2 emission limits, several European automakers, including Stellantis, surprisingly joined Tesla's emission pool; Volvo Cars anticipates €300 million in compensation, while Volkswagen asserts its ability to meet targets independently, amidst ongoing discussions about potential pe...

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Climate Action

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How does Stellantis's unexpected participation in the emission pool affect the industry's strategies and its projected capacity to meet EU emission standards?

The emission pool reflects the auto industry's struggle to meet stringent EU CO2 targets. Stellantis's participation suggests challenges in meeting targets despite earlier claims of self-sufficiency. The pool's composition and potential for future expansion remain uncertain.

Showing 25 to 36 of 74 results