Stellantis worker at work inside of the new Hybrid and PHEV Vehicles Stellantis Group eDCT Assembly Plant on April 10, 2024 in Turin, Italy.Auto giant Stellantis on Thursday reported a 27% decline in third-quarter net revenues, but said it was making headway in addressing operational issues such as U.S. inventories.The Netherlands-based company, which owns household names including Jeep, Dodge, Fiat, Chrysler and Peugeot, said that net revenues for the July-September period came in at 33 billion euros ($35. ...

AUBURN HILLS, Mich. , Oct. 30, 2024 /PRNewswire/ -- Direct Connection, the Dodge performance parts brand, is launching a new engine block for the 1,000-horsepower, 950-lb.-ft. of torque Hellephant A30 426 Supercharged Crate HEMI® engine (shown here), as well as a new engine block for the Direct Connection Drag Pak 354 Supercharged Crate HEMI® engine. Dodge expands brand's Direct Connection performance parts line with launch of Hellephant A30 and Drag Pak 354 HEMI® engine blocks orderable through Direc ...

Stellantis (STLA) closed at $13.64 in the latest trading session, marking no change from the prior day. This move was narrower than the S&P 500's daily loss of 0.03%. At the same time, the Dow lost 0.61%, and the tech-heavy Nasdaq gained 0.56%. The automaker's stock has dropped by 12.79% in the past month, falling short of the Auto-Tires-Trucks sector's loss of 3.8% and the S&P 500's gain of 1.39%. The investment community will be paying close attention to the earnings performance of Stellantis in its upcom ...

Stellantis CEO Carlos Tavares is under pressure.Tavares is being criticized for cutting too deep as he reshapes the global automaker.Investors, dealers, and union workers have all raised issues with Tavares's leadership. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. Email ...

AUBURN HILLS, Mich., Oct. 21, 2024 /PRNewswire/ --Fiat 500e named 2025 Urban Green Car of the Year by Green Car JournalFor second straight year, Fiat 500e named Urban Green Car of the Year by Green Car Journal Fiat 500e's 42-kWh lithium-ion battery delivers estimated combined range of 149 miles and 162 miles in the city cycleAt just under 3,000 pounds, Fiat 500e is lightest passenger BEV in segment while being the most spacious 500 everWith more than 6 million Cinquecentos sold since 1957, current-generatio ...

This massive auto conglomerate looks doomed for failure.Chrysler Group has had a long history of failed European partnerships. It started in 1998 via a merger with Daimler-Benz, which fell apart in 2007 amid cultural incompatibilities and poor synergy. By 2014, what remained of Chrysler merged with the Italian automaker Fiat to make Fiat Chrysler Automobiles. This conglomerate finally merged with France-based PSA Group and is now known as Stellantis (STLA -2.41%),  headquartered in the Netherlands. It's sti ...

Carlos Tavares, chief executive officer of Stellantis NV, speaks to the media at the Stellantis auto manufacturing plant in Sochaux, France, on Thursday, Oct. 3, 2024. DETROIT — Automaker Stellantis plans to shutter and sell its large vehicle proving grounds in Arizona at the end of this year, CNBC has learned. The decision is the latest cost-cutting measure by the trans-Atlantic automaker under CEO Carlos Tavares, who has been increasingly under pressure from Wall Street, dealers and the United Auto Worker ...

AUBURN HILLS, Mich., Oct. 18, 2024 /PRNewswire/ -- Barbara Pilarski receives the prestigious Spirit of Tocqueville Award from United Way for Southeastern Michigan Recognized for her long-standing commitment to philanthropy and community service Instrumental in raising over $800,000 for local families through Run United and Team Jeep® Barbara PilarskiBarbara Pilarski Barbara Pilarski, senior vice president and head of business development for the Americas, has been awarded the United Way for Southeastern Mic ...

AUBURN HILLS, Mich., Oct. 16, 2024 /PRNewswire/ -- The original muscle-car era was all about performance. The modern muscle-car era stepped that up a few notches. How high can the future muscle-car era go is a good question. An answer from Mopar is coming to SEMA 2024. Mopar Mopar is the global name for Stellantis genuine parts and authentic accessories. A simple combination of the words MOtor and PARts, Mopar offers exceptional service, parts and customercare. Born in 1937 as the name of a line of antifree ...

Global Shipments Decline - Worldwide shipments of Stellantis vehicles fell by 20% in the third quarter, with a 36% drop in North America [1][2] - Shipments during the quarter fell to about 1.15 million vehicles from 1.43 million last year [2] - The drop in shipments exceeded the 15% decline in Stellantis' third-quarter underlying sales [3] Regional Performance - Shipments fell in Europe, Middle East and Africa, and China, India, and Asia Pacific regions [4] - South America was the only region to register a gain in shipments [4] - Stellantis' market share in the U.S. rose to 8% in September from 7.2% in July [4] Company Challenges - Stellantis has seen sales fall and shares lose 44% of their value so far this year [1][5] - The company issued a profit warning, citing "deterioration in global industry dynamics" and competition from Chinese rivals [2] - Stellantis announced changes at its executive level to focus on key business priorities and address industry issues [5] Market Reaction - Stellantis shares were up 1% at $13.08 soon after the opening bell Wednesday [5] - The company has faced lower-than-expected quarterly results, production pauses, and cuts to its full-year outlook [5]