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Stellantis weighs sale among options for Maserati

Stellantis is considering a possible sale of its struggling luxury Maserati unit, among other options, two sources with knowledge of the matter said, as the automaker seeks to overhaul its sprawling portfolio of 14 brands.

Business • 20 Jun

Fiat has a tradition of making small, affordable cars, including the 500e car

Stellantis boss urges adoption of smaller, cheaper cars

Europe needs to develop smaller and cheaper vehicles in the style of Japan's so-called "kei cars", Stellantis Chairman John Elkann has said, as high prices, which he blamed on regulation in the region, weigh on consumer demand.

Business • 13 Jun

Stellantis is so far cutting up to 1,600 staff in total across Italy this year through the voluntary redundancy scheme

Stellantis offers voluntary redundancy scheme, Italy

Stellantis has started a voluntary redundancy plan for 610 workers at its Mirafiori plant in Turin, Italy, after introducing the scheme at other Italian facilities, the automaker said today

Business • 10 Jun

Stellantis was created in early 2021 through the merger of Fiat Chrysler and Peugeot's owner PSA

Stellantis names Italian Antonio Filosa as its new CEO

Italian-Franco-US automaker Stellantis has today named Antonio Filosa, the Italian head of its North American operations, as its new chief executive, effective from June 23.

Business • 28 May

Stellantis imported over 40% of the 1.2 million vehicles it sold in the US, mostly from Mexico and Canada, last year

Stellantis suspends guidance, to reassess capital spend

Stellantis has today suspended its guidance for a moderate recovery this year, after a profit drop in 2024, due to the uncertain impact of US President Donald Trump's tariffs, and said it would review capital spending plans.

Business • 30 Apr

Stellantis is the world's fourth-largest car maker

Stellantis' Q1 shipments fall 9% to 1.2 million vehicles

Stellantis' global shipments fell 9% year-on-year in the first quarter to an estimated 1.2 million vehicles, it said today, after a 12% drop in 2024.

Business • 11 Apr

Stellantis is still seeking a successor to Carlos Tavares following his departure last December

Stellantis to appoint new CEO in first half of year

Car maker Stellantis, whose brands include Fiat, Jeep and Peugeot, is on track to appoint a new chief executive in the first half of the year, Chairman John Elkann said today.

Business • 19 Mar

Car maker Stellantis said it shared US President Donald Trump's goal of building more cars in the US

Stellantis thanks Trump for one-month tariff exemption

Car maker Stellantis said today it shared US President Donald Trump's goal of building more cars in the US, as it thanked him for granting a one-month exemption from tariffs on Canada and Mexico.

Business • 06 Mar

Stellantis said its total revenues fell 17% last year to €157 billion, with a 12% drop in global shipments

Stellantis expects return to financial health in 2025

Car maker Stellantis aims to return to revenue growth and positive cash generation in 2025 and sees steady margins, it said today, as it tries to recover from a slump in its US business late last year that led to the ousting of its CEO.

Business • 26 Feb

The French-Italian company's sprawling portfolio reflects its origins in a 2021 merger of Fiat-Chrysler and Peugeot owner PSA

Stellantis faces brands dilemma as it looks for new CEO

As Stellantis chairman John Elkann interviews CEO candidates, deciding how many of the automaker's 14 brands have a viable future is a significant priority.

Business • 24 Feb

Renault's market share in Europe overtook Stellantis' for the first month since the Franco-Italian group was established in January 2021

European car sales up by 0.9% in 2024 - ACEA

New car sales in Europe were up by 0.9% in 2024, led by double-digit growth in hybrid car registrations, which exceeded petrol for a fourth consecutive month in December, industry data showed today.

Business • 21 Jan

Stellantis, which was created in 2021 from the merger of Fiat Chrysler and France's PSA-Peugeot, last year manufactured 475,090 vehicles in Italy, down from 751,384 in 2023

Stellantis Italy output slows by 37% in 2024

Vehicle production by car maker Stellantis in Italy fell by 37% last year, hit in particular by a steep plunge in car manufacturing, union figures showed today.

Business • 03 Jan

The company agreed as part of the settlement to recall the vehicles to modify the emission control system to be compliant with state regulations.

Stellantis to pay $4.2m to resolve US emissions probe

Stellantis unit FCA US agreed to pay $4.2 million to resolve a California investigation into excess emissions, the state said today.

Business • 24 Dec 24

Stellantis warned on profits at the end of September and is facing a bloated inventory

Stellantis reshapes strategy after Tavares exit

Steered by Chairman John Elkann, Stellantis, owner of 14 brands including Fiat, Jeep and Ram, is acting swiftly to dismantle the legacy of its former CEO and repair relations with dealers, industry partners, governments and workers.

Business • 16 Dec 24

Stellantis is set to extend the stoppage of car production at its Mirafiori plant in Italy until January 20

Stellantis to extend stoppage at Mirafiori plant - union

Stellantis will extend the stoppage of car production at its Italian Mirafiori plant by a further two weeks, until January 20, the head of the FIOM-Cgil trade union at the site said today.

Business • 12 Dec 24

Stellantis CEO Carlos Tavares resigned over the weekend in a shock move

Stellantis denies report about picking Maestri as new CEO

Car maker Stellantis has today denied an Italian newspaper report that it planned to name outgoing Apple finance chief Luca Maestri as its new chief executive.

Business • 04 Dec 24

Volkswagen, Europe's top carmaker, has threatened thousands of job cuts and potential plant closures in Germany

Europe's auto sector plans plant closures and layoffs

A slew of automotive companies across Europe have announced plant closures and big layoffs recently as they struggle with weak demand, high costs, competition from China and a slower-than-expected transition to electric vehicles.

Business • 03 Dec 24

Shares in the Jeep, Fiat and Peugeot manufacturer slumped as much as 10%, hitting their lowest since July 2022.

Tavares clashed with Stellantis board over revival plan

Outgoing CEO Carlos Tavares clashed with Stellantis' board over his plans to quickly turn around the ailing US business by cutting costs, rather than focusing on long-term strategy, investors and bankers familiar with the matter have said.

Business • 03 Dec 24

Carlos Tavares, the former Stellantis CEO, at the Paris Motor Show earlier this year

Stellantis CEO Carlos Tavares abruptly quits

Stellantis chief executive Carlos Tavares has resigned abruptly, two months after a profit warning at the maker of Jeep, Fiat and Peugeot cars that has lost around 40% of its value this year.

Business • 02 Dec 24

Stellantis plans to shut its Vauxhall van factory in Luton, putting more than 1,000 jobs at risk

Stellantis to shut Vauxhall van plant in Luton

Stellantis plans to shut its Vauxhall van factory in England, putting more than 1,000 jobs at risk as it joins rival automakers in scaling back operations in a difficult trading environment.

Business • 27 Nov 24

Some analysts have prediced that Stellantis will be 'hardest hit' by tariffs on US imports from Mexico as the group imported 358,000 units last year

European automakers fall as Trump pledges tariffs

European car makers shares fell today, as traders reacted to President-elect Donald Trump pledging big tariffs on Canada, Mexico and China, news that fueled jitters over a potential global trade war.

Business • 26 Nov 24

Stellantis to halt production at Mirafiori for longer

Carmaker Stellantis will once again halt car production in December at its Mirafiori plant in Turin, for at least another month, daily MF reported today, citing two sources.

Business • 08 Nov 24

Stellantis CEO Carlos Tavares at the Paris car show earlier this year

Stellantis revenues slide as it cuts bloated inventories

Reduced shipments and lower pricing power slashed Stellantis revenue by 27% in the third quarter, the car maker said today as it seeks to fix bloated inventories and poor commercial performance that led to a major profit warning last month.

Business • 31 Oct 24

Fiat owner Stellantis is facing industry-wide challenges such as low demand for more expensive EVs and competition from China

Stellantis set to pause more production in Italy

Stellantis will next month suspend activities at some assembly and engine plants in Italy, including for the Fiat Panda city car, in response to tough market conditions, the car maker said today.

Business • 16 Oct 24

Carlos Tavares has been CEO of Stellantis since it was formed through a 2021 merger between Fiat-Chrysler and Peugeot maker PSA

Stellantis CEO Carlos Tavares to retire in 2026

Stellantis has confirmed that CEO Carlos Tavares would retire at the end of his contract in early 2026 and announced major senior management changes as it struggles to turn around its lagging North American operations.

Business • 11 Oct 24