Stellantis N.V. (STLA) and CATL have agreed to invest up to €4.1 billion to establish a joint venture for a large-scale lithium iron phosphate (LFP) battery plant in Zaragoza, Spain. This carbon-neutral facility will be developed in phases and is planned to begin production by late 2026. The plant’s capacity could reach up to 50 GWh, contingent on the evolution of Europe's electric market and ongoing support from Spanish and European Union authorities.The 50-50 partnership aims to strengthen Stellantis’ LFP ...

Core Points - The 2025 Ram 1500 has been awarded MotorTrend's Truck of the Year, excelling in design, engineering, efficiency, safety, value, and performance [1][3][4] - The Ram 1500's performance is significantly enhanced by the 3.0-liter Hurricane Straight-Six Turbo engine, which delivers up to 540 horsepower [2][10] - This recognition marks the seventh time a Ram pickup has received the Truck of the Year title since the brand became standalone in 2009 [3] Design and Engineering - The Ram 1500 features a multi-link independent rear suspension and an available segment-exclusive air suspension, contributing to its class-leading ride and handling [7] - The truck includes advanced technology such as the Uconnect 5 system with a 14.5-inch touchscreen and a 10.25-inch passenger screen, along with a 23-speaker Klipsch Reference audio system [7] Performance and Capability - The Ram 1500 offers a wide range of trim levels, catering to various customer preferences from luxury to off-road capabilities [2][5] - It is recognized for its best-in-class available rear leg room and cargo space, as well as being the most capable full-size off-road pickup with the Ram Power Wagon [10] Market Position - The Ram brand has established itself as a leader in the full-size pickup segment, with a focus on delivering benchmark-quality vehicles [9] - The Ram 1500 has been noted for having the highest owner loyalty among half-ton pickups and is the most awarded light-duty truck in America [10]

Core Viewpoint - Stellantis is facing significant challenges following the resignation of CEO Carlos Tavares, with ongoing issues related to declining sales, high inventory, and a lack of consumer affordability impacting its performance [1][3][12]. Group 1: Company Performance - Stellantis reported a record profit of approximately $19.7 billion in 2023, with an adjusted operating margin of 12.8%, surpassing Tavares' goal of 12% [5]. - The stock has declined over 43% in 2024, indicating a troubled performance even amidst broader automotive industry pressures [2][12]. - Sales dropped 20% in the most recent quarter, with only the Fiat brand showing an increase [7]. Group 2: Inventory and Pricing Issues - The company is struggling with high inventory levels, which is a common issue in the automotive industry, but it has become particularly acute for Stellantis [6][7]. - Tavares' strategy of maintaining high retail prices to support margins has led to a disconnect with consumer affordability, contributing to the sales decline [7][12]. - A potential short-term solution involves significantly cutting prices, which may impact margins [8]. Group 3: Market Outlook and Analyst Ratings - Analysts have a "Hold" rating on Stellantis stock, with a 12-month price forecast of $27.34, suggesting a potential upside of 114.73% [11]. - The stock is currently trading at about 5.4 times forward earnings, which may seem attractive, but concerns about the company's differentiation and consumer perception persist [11][12]. - Options traders are forecasting a stock price range between $12 and $13, indicating uncertainty in the market [13].

Core Insights - Stellantis CEO Carlos Tavares resigned abruptly, with disagreements between him and the board cited as a primary reason for his departure [1][2][3] - The board and Tavares had differing views on operational priorities and stakeholder interactions, leading to a lack of consensus on short-term versus long-term strategies [2][3] - Critics have pointed out that Tavares's cost-cutting measures, particularly affecting the Jeep brand, created a facade of success while harming long-term demand in the US market [4] Company Performance - Stellantis's US sales through September 2023 were down 17% compared to the previous year, with significant volume losses in the Jeep and Ram brands [7] - The Jeep brand has lost market share to competitors like Hyundai in the affordable SUV segment [7] Stakeholder Reactions - The departure of Tavares has been viewed positively by US dealers and union leaders, who see it as a necessary step to rebuild trust [5][6] - An open letter from Stellantis's US dealers over the summer criticized Tavares for "reckless short-term decision-making" that led to predictable negative outcomes in the US market [8] - UAW President Shawn Fain expressed that Tavares's exit is a "major step in the right direction" and emphasized the union's commitment to holding Stellantis accountable amid planned layoffs [9][10]

Firing its CEO isn't the only problem Stellantis is facing right now.Stellantis (STLA 1.48%) seemed to be on the path to recovery after the worst of the pandemic, but now that the market has gotten back to a more normalized supply-and-demand environment, the company's sales have dropped. In this video, Travis Hoium shows why strategic difficulties are at the core of Stellantis' problems.*Stock prices used were end-of-day prices of Dec. 2, 2024. The video was published on Dec. 3, 2024. ...

AUBURN HILLS, Mich., Dec. 4, 2024 /PRNewswire/ --  Dodge Charger Daytona comes to the rescue; "Save the Planet" marketing campaign launches across television and Dodge social media channels Dodge unleashes marketing campaign for the first all-electric vehicle from the brand, the all-new Dodge Charger Daytona Electric vehicles aren't changing what Dodge stands for one tiny bit In true Dodge fashion, the iconic American muscle-car brand comes to the rescue, proclaims that the Dodge Charger Daytona will ...

Core Points - Mopar is promoting a wide range of branded apparel, lifestyle products, and automotive accessories for the holiday season, targeting automotive enthusiasts [1][2][3] - The company is offering free shipping on orders over $100 within the continental U.S. from December 3 to December 31, 2024 [12][13] Product Offerings - Mopar offers various headwear starting at $19.95, including baseball caps and winter hats for men and women [4] - Holiday-themed products include fuzzy socks priced at $19.95 and flannel pajama pants for adults at $39.95 and youth at $29.95 [5] - Apparel options include T-shirts, fleece, and pullovers starting at $19.95, as well as hoodies starting at $39.95 [4][6] - Specialty items include a locking key cabinet priced at $65.95 and an oversized Sherpa throw blanket for $114.95 [6][7] - Performance parts such as all-weather floor mats starting at $159 and a cold-air intake system starting at $695 are also available [8][10] - Jeep performance parts include 2-inch lift kits starting at $2,095, enhancing the capability of Wrangler and Gladiator models [11] Promotional Details - Customers are encouraged to order early due to limited supplies, and the free shipping offer is not valid outside the continental U.S. [12][13]

AUBURN HILLS, Mich., Dec. 3, 2024 /PRNewswire/ -- Chrysler Pacifica and The Elf on the Shelf® create holiday magic together this season. As the official minivan of the holiday season, Chrysler Pacifica and The Elf on the Shelf join together to spread Christmas magic Holiday campaign to run through Christmas Eve across Chrysler brand's Instagram, Facebook and TikTok social media channels Consumers can play along as The Elf on the Shelf, Scout Elf, finds its way into the Chrysler Pacifica and Chrysler P ...

AUBURN HILLS, Mich., Dec. 3, 2024 /PRNewswire/ -- Ram 1500 lineup earns the award for the sixth time in seven years Car and Driver evaluates each contender versus its peers using a 100-point scale, basing each score on intended purpose, value and vehicle operation Ram brand offers a full lineup focused on meeting the demands of truck buyers and delivering benchmark quality 2025 Ram 1500 Tungsten Car and Driver has named the 2025 Ram 1500 to its 10Best vehicle list for 2025. The award applies to the e ...

Advertisement This post originally appeared in the Insider Today newsletter.You can sign up for Business Insider's daily newsletter here.Good morning! We've officially entered the season of company holiday parties. An etiquette expert shared some helpful tips to follow. (Take it easy on the booze.)In today's big story, an automaker CEO's resignation shows how tough a year the industry is having.Advertisement What's on deck:But first, I'm just trying to get out of first gear.If this was forwarded to you, s ...