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After sales fell and dealers revolted, the company reverses course and revives the popular model
Stellantis is no longer developing a full-size electric Ram 1500 pickup truck. The auto industry has been dealing with slower-than-expected consumer interest in electric vehicles.
Increasing revenues thanks to new models will be a key pillar of Stellantis' future strategy and a way to restore cash generation, new CEO Antonio Filosa said on Thursday as he started to sketch out the automaker's new business plan.
Carmaker Stellantis agreed on Wednesday to sell its Italian VM Motori engine making unit to a group of Italian investors who also control engine part maker Marval.
Most investors never think about the chips that control the flow of electricity. For Ideal Power Inc (NASDAQ:IPWR), they are the entire story.
Leapmotor's global sales should hit 1 million units in 2026 and 4 million annually within a decade, with 60% of sales coming from outside China, CEO Zhu Jiangming told Reuters at the IAA Mobility car show in Munich on Monday.
Leapmotor unveiled the B05, a new hatchback model, at the Munich car show on Monday, adding another product to the Chinese EV maker's lineup in Europe as competition heats up for affordable electric models.
Chrysler owner Stellantis is recalling 91,787 Jeep Grand Cherokee vehicles in the U.S. due to a software error within the hybrid control processor, the U.S. National Highway Traffic Safety Administration (NHTSA) said on Saturday.
To observers of the automotive industry, it might appear that Stellantis (STLA -2.92%) has been spinning its wheels and driving aimlessly. But its newly appointed CEO, Antonio Filosa, won over at least one fan in dealership owner David Kelleher when he bluntly admitted the automaker had been wrong to kill the Jeep Cherokee in 2023.
As tariff negotiations continue, most investors will likely refresh their Twitter feeds daily to see what President Trump is shifting to next. While this is great for traders who make up most of the stock market's caffeine intake, some simply don't have the time (or stomach) to handle this market roller coaster.