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 CEO Carlos Tavares resigned unexpectedly on Sunday, the automaker saying “different views have emerged” in recent weeks as the Euro-American automaker struggled to come up with a way to reverse weakened sales and earnings. No immediate successor was named, though it appears that the automaker’s Chairman John Elkann effectively will take control until a replacement is named. This is a breaking story. Headlight.News will have a longer analysis shortly.
Today’s cars are safer than ever, or so they should be considering all the active and passive safety equipment onboard. But that isn’t necessarily so and, surprisingly, some of the best-equipped products don’t fare all that well when you check federal data. Case in point? Tesla turns out to have the industry’s highest fatality rate, according to a new study.
Even the most diehard EV fans wish for a next-generation battery-breakthrough, with most of the attention focused on solid-state batteries. Proponents claim they’ll deliver better range at lower costs, among other benefits. And now, Honda says, it’s bringing the technology closer to reality with the debut of a demonstration line meant to prove out the processes needed to launch mass production.
Ram confirms it’s delayed the Ram 1500 REV and Procharger models as Stellantis grapples with a growing list of other delays for its first wave of EV models.
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.
Dodge confirms that it will put solid-state battery packs into Charger EV models as the company prepares to embrace a technology that could play a role in greatly expanding EV range and performance.
Dodge has always been a brand with attitude. So, it’s no wonder it would use that as the name of its entry-level sedan. Haven’t heard of the Dodge Attitude? Apparently you haven’t been down “South of the Border” lately. It’s a unique Latin American product and our Mexican correspondent David Loji checked it out.
Just months ago, it seemed, the internal combustion engine was on its way out, with regulators planning to phase out the technology – in some markets, like Europe, within barely a decade. While automakers once seemed ready to go along they’re now beginning to push back. That includes BMW’s CEO who called for a “correction” of EV-only strategies at this week’s Paris Motor Show.
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...
Once one of the most respected executives in the auto industry, CEO Carlos Tavares is coming under withering fire from investors, dealers and employees as the company’s fortunes fade – especially in North America, its most profitable region. With his contract set to expire early next year, the automaker is considering whether it’s time for a management shake-up.
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.