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Automaker Stellantis is investing 38 million euros ($41 million) in its Verrone plant in Northern Italy to manufacture parts for electric engines for its upcoming small-size models, it said on Monday.
Stellantis and Iveco said on Friday they have agreed for the automaker to supply the Italian truckmaker two fully-electric (EV) van models, helping Iveco further expand its EV van range in Europe.
AMSTERDAM/TURIN, March 14, 2025 – Stellantis Pro One, the Stellantis N.V. business unit dedicated to commercial vehicles, and IVECO, the brand of Iveco Group N.V. (EXM: IVG) that designs, manufactures and markets light, medium and heavy commercial vehicles, today announce the signing of agreements for the supply of two all-electric Light Commercial Vehicles (LCVs) to IVECO for the European market. They will be based on the Stellantis Pro One mid-size and large van all-electric platforms, ranging from 2.8 to 4.25 Gross Vehicle Weight (GVW).
With new car prices hovering near all-time highs in the United States, a personal vehicle is one of the biggest purchases millions of American consumers will ever make. Data from Kelley Blue Book shows that the average transaction price for new vehicles was $48,641 in January 2025 — up about 1.3% year over year, and equivalent to about 74% of a typical full-time worker’s annual income, according to the Bureau of Labor Statistics. 24/7 Wall St. Key Points: A car is one of the biggest investments many Americans will ever make. For those looking to get the most for their money, there are many factors to consider beyond the sticker price — and for each vehicle segment, at least one model stands out for their overall value and long term cost of ownership. Also: Discover the next Nvidia While there are many makes and models selling for far less than the national average, a low price by itself is not necessarily the most important factor for prospective buyers to consider. A
Stellantis remains a HOLD due to its low valuation and strong balance sheet, despite ongoing management and shareholder conflicts stalling a turnaround. Q4 results show negative net income and cash flow, highlighting Stellantis' "autopilot mode" and lack of a clear turnaround plan. I still find value in its $36B cash and 4.4 P/E, a bargain among peers, though $15B in cash burn over six quarters raises concerns.
Stellantis-owned Maserati has cancelled plans for an electric version of its MC20 sports car because of expected poor demand, the struggling luxury carmaker said on Tuesday.
CNBC's Phil LeBeau joins 'Squawk on the Street' to break down how tariffs could impact the auto industry.
AUBURN HILLS, Mich., March 11, 2025 /PRNewswire/ -- 2025 Chrysler Pacifica earns the Best Minivan for Families crown 2025 Jeep® Wagoneer L wins the Best Large SUV for Families award U.S. News & World Report evaluated 100 vehicles and named winners across nine categories More information on U.S. News & World Report 2025 Best Cars for Families awards available at cars.usnews.com U.S. News & World Report's annual Best Cars for Families awards are issued every spring to honor the cars, SUVs and minivans that offer the best combination of safety, reliability, space, comfort, convenience and connectivity in their class.
Stellantis to Participate in Wolfe Research Virtual Auto Summit AMSTERDAM, March 11, 2025 – Stellantis Chief Financial Officer Doug Ostermann will participate in a fireside chat at the Wolfe Research Virtual Auto Summit on Tuesday, March 18, 2025, from 1:20 p.m. to 2:00 p.m.
AUBURN HILLS, Mich., March 10, 2025 /PRNewswire/ -- Mopar's annual factory-vehicle customization program delivers an exclusive package for the 2025 Ram 1500 RHO Mopar '25 Package features special interior and exterior content inspired by the 'Moparized' Ram 1500 RHO displayed at the 2024 SEMA Show Total production run is limited to 250 units: 225 for U.S., 25 for Canada All-new, more powerful and more efficient 3.0-liter Hurricane High Output (H/O) Straight-Six Turbo (SST) engine: Rated at 540 horsepower, 521 lb.