Stellantis NV
Jeep CEO enacts turnaround plan after significant sales declines
Jeep Wagoneer S Trailhawk EV concept Michael Wayland / CNBC DETROIT — Stellantis‘ Jeep brand is well known for scaling tough terrains, but its latest challenge of achieving 1 million vehicle sales domestically by 2027 will be a steep hill to climb. Jeep, a coveted brand in the automotive industry, has been in a U.S. […]
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UAW, U.S. dealers increase criticism of Stellantis CEO over cuts, sales declines
Carlos Tavares, CEO of Stellantis, poses during a presentation at the New York International Auto Show in Manhattan, New York, on April 5, 2023. David Dee Delgado | Reuters DETROIT – Stellantis‘ U.S. dealer network has joined the United Auto Workers union in criticizing CEO Carlos Tavares for the company’s recent sales declines, factory production […]
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GM and Hyundai agree to explore collaboration on vehicles and manufacturing to reduce capital spending
Mary Barra, chair and CEO of General Motors, and Euisun Chung, executive chair of Hyundai Motor Group, during the signing of an agreement between the two companies to explore future collaboration across key strategic areas. Courtesy image DETROIT — General Motors and Hyundai Motor have entered into an agreement to explore “future collaboration across key […]
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Automakers are getting back into advertising’s biggest arena: NFL
Toyota’s “We Roll Deep Anthem” spot includes fans and NFL stars “setting off on an adrenaline-packed NFL adventure.” Screenshot Automakers are rushing back into advertising during the National Football League season after a slowdown in recent years. Toyota Motor Corporation, Hyundai Motor Company and the Detroit automakers are among those expected to capitalize on the […]
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UAW president slams Stellantis CEO over job cuts, alleged price gouging
UAW President Shawn Fain chairs the 2023 Special Elections Collective Bargaining Convention in Detroit, Michigan, U.S., March 27, 2023. Rebecca Cook | Reuters DETROIT – United Auto Workers President Shawn Fain ratcheted up criticism of Stellantis CEO Carlos Tavares in a video Friday afternoon, accusing the chief executive of price gouging consumers and failing to […]
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CNBC Daily Open: Wall Street rebounds, investors to monitor earnings and inflation data
Traders work on the floor of the New York Stock Exchange during morning trading on May 31, 2024 in New York City. Michael M. Santiago | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no […]
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CNBC Daily Open: Prequels, sequels and pixie dust
Traders work on the floor of the New York Stock Exchange during morning trading on Oct. 4, 2023. Michael M. Santiago | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. […]
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Stellantis laying off 2,450 plant workers due to discontinuation of Ram ‘Classic’ pickup truck
The 2019 Ram 1500 Rebel pickup truck is displayed at the North American International Auto Show in Detroit, January 15, 2018. Brendan McDermid | Reuters DETROIT – Automaker Stellantis plans to indefinitely lay off up to 2,450 U.S. factory workers later this year as it discontinues production of an older version of its Ram 1500 […]
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Musk-Trump alliance: Why the onetime enemies are teaming up to win the White House
Tesla and SpaceX CEO Elon Musk listens to President Donald Trump during a meeting with business leaders in the State Dining Room of the White House in Washington, Feb. 3, 2017. Evan Vucci | AP NASHVILLE, Tenn. — Former President Donald Trump’s highly anticipated keynote address at the biggest bitcoin gathering of the year late […]
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Ford turns ‘dirty’ business into a profit driver. GM and Stellantis are taking notice
2023 Ford Super Duty F-350 Limited Ford DETROIT — A once “dirty” word, and business, in the automotive industry has become a multibillion-dollar battleground for U.S. automakers, led by Ford Motor. The Dearborn, Michigan-based automaker has turned its fleet business, which includes sales to commercial, government and rental customers, into an earnings powerhouse. And Ford’s […]
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