SoftBank Group said on Monday it would acquire the robotics division of Swiss engineering firm ABB for $5.4 billion, marking one of its most ambitious bets yet on the convergence of artificial intelli... ...

Francesco Ciancia Rejoins Stellantis to Lead Global Manufacturing AMSTERDAM, October 8, 2025 – Stellantis N.V. today announces that Francesco Ciancia will rejoin the Company on November 1 as Global Head of Manufacturing and a member of the Stellantis Leadership Team (SLT). Ciancia has gained over two decades of global leadership experience in manufacturing engineering, plant management and lean production system application. He rejoins Stellantis from Mercedes-Benz, where he has served as Head of Mercedes ...

Stellantis Makes New Appointments to the Leadership Team As It Pursues Its Path to Recovery AMSTERDAM, October 8, 2025 – Building on the positive momentum established in recent months and ahead of the upcoming 2026 presentation of its updated strategy, Stellantis N.V. today announces the following new appointments to its Stellantis Leadership Team (SLT). Emanuele Cappellano is appointed Head of Enlarged Europe and European Brands, in addition to his current role leading Stellantis Pro One. Jean-Philippe Im ...

Stellantis Makes New Appointments to the Leadership Team As It Pursues Its Path to Recovery   AMSTERDAM, October 8, 2025 – Building on the positive momentum established in recent months and ahead of the upcoming 2026 presentation of its updated strategy, Stellantis N.V. today announces the following new appointments to its Stellantis Leadership Team (SLT). Emanuele Cappellano is appointed Head of Enlarged Europe and European Brands, in addition to his current role leading Stellantis Pro One. Jean-Philippe I ...

Core Points - The S&P 500 index ended its 7-day winning streak, declining 0.38% to 6,714.59, influenced by negative news from major U.S. automakers [1] - Ford, Tesla, and General Motors experienced significant stock declines due to various challenges, including tariffs, high interest rates, and weak consumer spending [2] Ford - A fire at a Novelis aluminum plant in New York may lead to a shortage of sheet aluminum for domestic automakers, particularly affecting Ford, which relies on it for its F-150 pickup [3] - Ford's stock fell over 6.1% in response to the news, and the issue may be addressed in an upcoming shareholder call [3] Tesla - Tesla announced cheaper, scaled-back versions of its Model 3 and Model Y sedans instead of a new low-cost vehicle, resulting in a stock decline of 4.45% [4] - The new models are priced at $39,990 for the Model Y and $36,990 for the Model 3, but they feature less range and fewer features compared to premium options [5] - The company faces challenges as consumer reluctance to make large purchases persists, impacting the electric vehicle market [6][7] General Motors and Stellantis - General Motors and Stellantis received a request from the government to return $1.1 billion in funding, adding to the negative sentiment in the automotive sector [8]

Core Points - The Department of Energy is proposing significant cuts to federal funding, which could impact various startups and major automakers like Ford, General Motors, and Stellantis [1][2] - The proposed cuts include the cancellation of over $500 million in contracts awarded to more than a dozen startups, in addition to previous cuts of more than $7.5 billion announced by the Trump administration [2][3] Impact on Startups - Startups are expected to face substantial losses, with some awards being critical to their operations. The proposed cuts include new awards that have not been publicly announced yet [5] - Notable startups affected include Brimstone, which was granted $189 million to build a plant for low-carbon materials, and Anovion, which aimed to produce synthetic graphite for lithium-ion batteries [6] Impact on Automakers - General Motors stands to lose at least $500 million from a federal grant intended for retooling its Lansing Grand River Assembly Plant for electrified vehicle production [4] - Other automakers, including Daimler Trucks North America, Harley-Davidson, and Volvo Technology of America, are also slated to lose grants worth hundreds of millions [3] Specific Grants Affected - Li Industries received $55.2 million for recycling LFP batteries, while Sublime Systems was awarded $86.9 million for an ultra-low-carbon cement plant. Both are at risk of losing their funding [7]

Core Points - The Department of Energy is proposing significant cuts to federal funding, which could impact various startups and major automakers like Ford, General Motors, and Stellantis [1][2] - The proposed cuts include the cancellation of over $500 million in contracts awarded to more than a dozen startups, in addition to previous cuts of more than $7.5 billion announced by the Trump administration [2][3] Impact on Startups - Startups are expected to face substantial losses, with some awards being critical for their operations. The proposed cuts include new awards that have not been publicly announced yet [5] - Notable startups affected include Brimstone, which was set to receive $189 million for a plant to produce low-carbon materials, and Anovion, which aimed to build a factory for synthetic graphite [6] Impact on Automakers - General Motors could lose at least $500 million in grant money intended for retooling its Lansing Grand River Assembly Plant for electrified vehicle production [4] - Other automakers like Ford, Daimler Trucks North America, and Stellantis are also at risk of losing hundreds of millions in grants [3] Specific Grant Losses - Several building materials companies are on the list for proposed cuts, including CleanFiber and Hempitecture, which could lose $10 million and $8.4 million respectively [11] - TS Conductor, which produces advanced conductors for electric lines, is at risk of losing $28.2 million, which contradicts the administration's goals for energy dominance [12]

Stellantis is poised to allocate around $10bn investment into its US operations, Bloomberg reported, citing sources. The proposed investment is part of a refocus on the US market, which is deemed crucial for the company's profitability. According to sources, the automotive giant, responsible for the production of Jeep SUVs and Ram pickups, is expected to announce a $5bn investment, supplementing an earlier commitment of a similar amount. The funds are anticipated to be distributed over several years and ...

Stellantis (NYSE: STLA ), moving into high gear with leadership refocusing the company's efforts on higher-margin business in hybrid and traditional internal combustion engine [ICE] vehicles, is investing heavily in the US auto market while slowing production across theMonte Independent Investment Research: Michael Del Monte is a buy-side equity analyst with over 5 years of industry experience. Prior to working in the investment management industry, Michael spent over a decade in professional services worki ...

Stellantis (NYSE: STLA ), moving into high gear with leadership refocusing the company's efforts on higher-margin business in hybrid and traditional internal combustion engine [ICE] vehicles, is investing heavily in the US auto market while slowing production across theMonte Independent Investment Research: Michael Del Monte is a buy-side equity analyst with over 5 years of industry experience. Prior to working in the investment management industry, Michael spent over a decade in professional services worki ...