Stellantis continues to navigate through troubled ties as the company admits its profits fell 70% during 2024 and says it won’t be profitable again until 2025.
stellantis
Dodge Accelerates Launch of ICE-Powered Charger Due To Increased Demand
Dodge reportedly accelerates the launch of the ICE-powered Charger as consumer demand and changing market conditions force the brand to alter plans for the model.
CEO Carlos Tavares Tenders his Resignation as Problems Grow for Stellantis
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.
Stellantis Brings Trio of Performance Customs To SEMA
Stellantis proves that it’s still serious about performance and custom thrills with trio of debuts at SEMA
Under Increasing Pressure, Stellantis CEO Carlos Tavares to Retire – But Not Until 2026
Facing mounting criticism for the automaker’s recent plunge in sales and earnings, Stellantis CEO Carlos Tavares will retire in 2026. The announcement comes amidst a major shake-up in the automaker’s Euro-American management team.
Stellantis Announces Expanded Discounts To Clear Out Inventory
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...
Ford, Stellantis Move Closer to Strikes
Barely a year after wrapping up a “stand-up strike” against Detroit’s Big Three automakers the the United Auto Workers Union appears ready to launch another series of walkouts. First in line: a Ford unit producing critical tooling for parts plants and assembly lines could face a strike at midnight Wednesday after talks broke down. Stellantis could be next.
Stellantis CEO Carlos Tavares Claims Maserati’s Woes Due To Poor Marketing
As Maserati continues to struggle with poor sales and a sluggish transition into EVs, Stellantis CEO Carlos Tavares says that poor marketing is to blame for the brand’s ongoing woes.
Stellantis Defensive After Dealers Urgently Voice Their Concerns As Sales Tank
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.
Ram Recalls 1.2 Million Pickups, Latest Notice is 44th Recall for Stellantis This Year
Ram recalls 1.2 million Ram 1500 pickups due to faulty stability system. Latest recall is also a growing headache for Stellantis and is the 44th that the company has had to issue this year as it continues to struggle with declining sales and rapidly decreasing profits.
As Profits Sag and Inventories Bulge, Tavares Visits U.S.
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.
CFO Warns Stellantis Could Sell Off Maserati
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.