With CEO Carlos Tavares resigning “with immediate effect,” and no successor in sight, Stellantis could face even more trouble trying to resolve the problems that saw its sales, earnings — and stock price tumble so far this year. The lack of a chief executive officer also comes at a time when the Euro-American automaker is set to launch an assortment of critical new products, including the first all-electric Jeep and Ram models aimed at the U.S. market.
Stellantis is cutting another 1,100 jobs, the latest furloughs impacting workers at the Toledo, Ohio plant producing Jeep products such as the Wrangler and Gladiator. The news comes at a time when other manufacturers, including Nissan and Audi, are paring back at a time of weakening sales.
Stellantis announces massive expansion of discount programs as the company attempts to get rid of a growing overflow of inventory to free up room for future products while also continuing to navigate rough waters. Stellantis has had a rough 2024 so far with the...
Chrysler is doubling the size of its current line-up – and offering a more wallet-friendly option in the process – with the return of the Voyager minivan. The new model will start at just under $40,000 when it goes on sale late this year.
Prominent Jeep and Ram dealers are increasing pressure on Stellantis executives to boost sales in the United States in the wake of a substantial market-share decline.
In this week’s episode of the podcast, we discuss GM's latest court battle, the fire at Rivian's plant, and a surprise shakeup at struggling EV maker Polestar. We also review the 2024 Volvo EX90 before making a detour to take a look at This Week in Automotive...
Since the formation of Stellantis a few years ago, speculation about what will happen with the low-selling, but still-iconic Chrysler brand has run rampant. Officials, led by CEO Carlos Tavares, assured there were plans for Chrysler. However, time has passed with just one product left, the Chrysler Pacifica minivan, and now someone wants to resurrect the brand: Walter P. Chrysler’s great-grandson. Find out more at Headlight.News.
With the high cost of today’s new vehicles it’s likely no surprise that more buyers have turned to previously owned models. That doesn’t mean you have to sacrifice comfort, safety or fuel economy. But if you’re looking for something used you should consider which models are most reliable. And, according to a new study, Lexus and Toyota top the chart. Which other brands should you consider – or avoid? And what are the most reliable models? More from Headlight.News.
It’s been the subject of speculation for weeks, “knowledgeable sources” chattering amongst themselves about the possibility China’s BYD is in talks with Stellantis as it looks for a way to crack into the U.S. market. The two makers have firmly dismissed the rumors. But there seems little doubt Chinese automakers want to target the world’s second-largest automotive market and are sniffing around the North American auto industry looking for a way to break in.
With North American sales and earnings on the slide, Stellantis faces a number of challenges that have already led to some major changes in upper management and layoffs on the factory floor. And CEO Carlos Tavares is under mounting pressure to find a fix, reports Headlight.News.
A once well-respected marque, the fate of Chrysler is increasingly in doubt. Last month, Carlos Tavares, the CEO of Stellantis — the Euro-American automaker formed from the merger of Fiat Chrysler Automobiles and Groupe PSA — warned that some of its 14 brands could be abandoned if they don’t start delivering better sales and earnings. Chrysler is widely believed to be one of the most vulnerable divisions. But that’s really nothing new.
As it looks to potentially consolidate a list of 14 automotive brands, Stellantis could sell off its most exclusive, Maserati, due to weak sales, a senior official warned. That’s on top of several other brands which, Headlight.News reported last week, may be shuttered entirely.