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Stellantis to Invest $13 Billion to Grow in the United States
Globenewswire· 2025-10-14 21:01
Core Points - Stellantis plans to invest $13 billion over the next four years to expand its operations in the United States, marking the largest single investment in the company's 100-year history [2][5][6] - The investment will increase annual finished vehicle production by 50% and create over 5,000 new jobs across various states [3][12] - The investment includes the launch of five new vehicles and 19 product actions planned through 2029 [4][12] Investment Details - Illinois: Over $600 million will be invested to reopen the Belvidere Assembly Plant for Jeep® Cherokee and Jeep Compass production, creating approximately 3,300 jobs [6] - Ohio: Nearly $400 million will be allocated for the assembly of a new midsize truck at the Toledo Assembly Complex, expected to create more than 900 jobs [7] - Michigan: Approximately $100 million will be invested to develop a new range-extended EV and internal combustion engine large SUV at the Warren Truck Assembly Plant, adding over 900 jobs [9][10] - Indiana: More than $100 million will be invested in Kokomo facilities to produce the new GMET4 EVO engine, creating over 100 jobs [11] Strategic Goals - The investment aims to strengthen Stellantis' manufacturing footprint and enhance its product offerings in the U.S. market [5][12] - The company emphasizes customer-centric strategies and aims to accelerate growth in the U.S. as a priority for its future [5]
Americans Rush To Buy EVs Ahead of Subsidy Expiry
Yahoo Finance· 2025-10-14 20:00
Sales of electric vehicles in the United States hit an all-time high in the third quarter. Normally a welcome piece of news for EV makers, the record was prompted by the end of tax incentives for EV buyers, which expired at the end of September. From now on, it’s likely to be bad news for car companies with EV plans. Kelley Blue Book reported sales of electric cars in the quarter to September shot up by 40.7% on the previous quarter and by 29.6% on the year. This trend pushed the average car price for the ...
Alfa Romeo Unveils the 2026 Tonale: The Most Expressive and Dynamic Yet
Prnewswire· 2025-10-14 16:30
Alfa Romeo reveals the new 2026Â Tonale, strengthening the premium compact SUV's position as a leader in its segment. Blending iconic Italian design, class-leading driving dynamics and cutting-edge technology, the 2026 Tonale debuts a bold new special edition, three new exterior colors and a series of refined interior appointments that underscore Alfa Romeo's unwavering commitment to performance and style. Striking Italian Design With a commanding new front fascia, featuring a concave scudetto grille inspir ...
Stellantis overhauls Jeep Grand Wagoneer lineup under brand turnaround plan
CNBC· 2025-10-14 13:01
Core Insights - Jeep is undergoing a significant overhaul of its Grand Wagoneer lineup for the 2026 model year as part of a long-term turnaround strategy aimed at revitalizing the brand [2][5] - The new Grand Wagoneer will start at under $65,000, which is competitive with current market pricing and includes additional features [3][5] - The revamped model will introduce a new extended-range powertrain, making it the first SUV to feature range-extended electric vehicle (EREV) technology [4][6] Group 1: Product Changes - The Grand Wagoneer will simplify its model lineup by eliminating the standalone "Wagoneer" nameplate and focusing on a unified branding strategy [2][5] - The initial pricing for the previous models exceeded $111,000, which was considered high for the brand [1] - The new model will feature updated exterior styling and a more straightforward ordering process to reduce consumer confusion [2][3] Group 2: Market Positioning - Jeep aims to regain market share and strengthen its brand presence in North America, which is crucial for Stellantis [4][5] - The turnaround plan includes reworking pricing strategies that had previously inflated above market norms, addressing dealer relationships, and introducing new products [5] - The Grand Wagoneer is positioned to compete effectively against rivals by aligning its pricing and features with market expectations [3][5]
Majestic's HKEX-Listed Subsidiary Persistence Completes HK$472 Million Private Placement
Thenewswire· 2025-10-14 13:00
Vancouver, British Columbia – TheNewswire - October 14, 2025 - Majestic Gold Corp. (“Majestic” or the “Company”) (TSX.V: MJS, FSE: A0BK1D) ) is pleased to announce that its Hong Kong Stock Exchange (“HKEX”) listed subsidiary, Persistence Resources Group Ltd. (“Persistence”) (Stock Code: 2489), has completed a private placement financing (the “Private Placement”) for gross proceeds of $472 million (approximately CAD$85.2 million)(“Placement”). Pursuant to the Placement, Persistence issued 400 million common ...
Baru Gold Completes Area Survey in Preparation of Production Plant Construction & Drill Program
Thenewswire· 2025-10-14 13:00
 VANCOUVER, B.C. - TheNewswire - Baru Gold Corp. (BARU: TSX.V | BARUF: OTCQB) (“Baru”) and its subsidiary PT. Tambang Mas Sangihe (“TMS” or the “Company”) are pleased to report further progress in advancing its production readiness at the Sangihe Gold Project while awaiting approval for the upgrade to production operations.The Company has successfully completed a multi-week land and aerial survey in the Company’s concession area, combining drone-based LiDAR scanning with on-site ground measurements, to pro ...
Stellantis delays strategic plan launch to Q2 2026
Yahoo Finance· 2025-10-14 10:01
Group 1 - Stellantis has postponed the launch of its next strategic plan to Q2 2026 to allow new CEO Antonio Filosa more preparation time for the capital markets day [1] - The delay is intended to enable management to consider external factors such as US tariffs and ongoing policy discussions in Europe [1] - An update on shipments and revenue is expected to be released on October 30 [1] Group 2 - Barclays has noted an increase in investor interest in Stellantis, but cautioned that it may be premature to fully re-engage due to limited visibility on adjusted operating income and free cash flow [2] - Stellantis has revised its estimate for consolidated shipments for Q3 2025 to approximately 1.3 million units, reflecting a 13% year-on-year increase, primarily driven by stronger sales in North America [3] - The company is undergoing leadership changes to address challenges in the US market and the impact of US import tariffs [3] Group 3 - Stellantis plans to invest around $10 billion in its US operations, emphasizing the importance of the US market for the company's profitability [4] - A new $5 billion commitment is expected to be announced, building on a previous similar pledge [4]
俄罗斯又拖全球车市后腿了
Group 1 - Global automotive markets, except for Russia, showed growth in September and the first three quarters of the year, driven by various factors such as electric vehicle (EV) subsidies in the US and tax reforms in India [2] - In the US, electric vehicle sales surged before the expiration of a $7,500 subsidy, with Q3 sales exceeding 438,000 units, marking a record quarter and a market share of 10.5% [3][4] - Major automakers in the US reported increased sales, with Ford's sales up 8.2%, General Motors up 8%, and Hyundai up 13%, largely driven by electric vehicle demand [4] Group 2 - In Europe, the automotive market saw a slight increase in passenger car sales, with a total of 8.69 million units sold from January to August, a 0.4% year-on-year growth [6] - Chinese automakers, particularly BYD and SAIC, have become significant players in the European market, with BYD's sales skyrocketing by 280% [7] - The UK experienced its highest new car sales in September since 2015, driven by strong electric vehicle performance and government subsidies [8] Group 3 - India's automotive market showed resilience with a total of 3.8 million new vehicles sold in the first three quarters, a 2.3% increase year-on-year, supported by tax reforms [9][10] - The new GST 2.0 tax structure in India has significantly improved the affordability of small cars, boosting consumer confidence and sales [10] - In Japan, new car sales reached 3.465 million units in the first nine months, a 5% increase, although the market faced challenges in the latter part of the year [11][12] Group 4 - Brazil's automotive market reported a 2.9% increase in September sales, with a total of 1.91 million vehicles sold in the first nine months, driven by strong export performance [13][14] - The Brazilian government plans to reintroduce tariffs on electric and hybrid vehicles starting in 2024, aiming to stimulate local production [15] - Russian automotive sales plummeted by 23% in the first nine months, with a significant decline in new car sales due to geopolitical factors and rising costs [16][17]
Moody's puts Chrysler owner's credit ratings on negative outlook
Reuters· 2025-10-13 18:50
Credit rating agency Moody's Ratings changed European automaker Stellantis' ratings outlook to negative on Monday, though maintained its current ratings. ...
Actor Terry Crews Is Face (and Singing Voice!) of College Football Marketing Campaign for Ram
Prnewswire· 2025-10-13 14:00
Core Insights - Ram has launched a new college football marketing campaign titled "Epic Launch," featuring actor Terry Crews, aimed at celebrating the brand's connection to college football and enhancing its visibility during the 2025 season [1][2][3] Marketing Campaign Details - The campaign will unfold over the 2025 college football season, comprising four national broadcast commercials and various social media and digital videos, all featuring Terry Crews [2] - A multicultural extension of the campaign will target the Hispanic market, reflecting Ram's commitment to inclusivity [2] Creative Elements - Terry Crews, a former college football player, expressed enthusiasm for creating a fight song for Ram, emphasizing the brand's performance and connection to college football [3] - The campaign's teaser video, "Favorite Song," features Crews humorously referencing his past performance in "White Chicks," setting the stage for the official launch [4] Campaign Launch and Execution - The "Epic Launch" campaign officially commenced during a college football event, showcasing a vibrant stadium atmosphere with Crews leading fans in the new anthem [5] - The lyrics of the "Epic Launch" song highlight themes of college football culture, including tailgating and American pride [6][7] Sales Performance and Product Highlights - Ram reported a 26% increase in retail sales in Q3 2025, with light-duty truck sales rising by 10% year-over-year [6][8] - The return of the 5.7-liter HEMI V-8 engine in the 2026 Ram 1500 has generated strong consumer demand, with initial units selling within five days on average [8] Product Offerings and Market Position - Ram offers a diverse lineup of vehicles, including light-duty and heavy-duty trucks, and is recognized for its competitive offerings in the pickup segment [9][10] - The brand is committed to enhancing vehicle quality and customer satisfaction, as evidenced by its new 10-year/100,000-mile limited powertrain warranty for 2026 model-year trucks [7][10]