CEO Elon Musk turned plenty of heads in 2023 when he opted to slash prices on multiple Tesla (NASDAQ:TSLA) models. A clear attempt to compete with the growing number of electric vehicle (EV) makers undercutting Tesla’s high prices, Musk’s decision didn’t really help TSLA stock or the broader EV market. Now, though, the company is moving into a new year with no plans to stop lowering its prices. As Investor’s Business Daily reports, this trend is sparking concern among Wall Street analysts. Some business lea ...

Italian American automaker Stellantis (STLA) recently unveiled its latest electrified vehicle architecture, the STLA Large platform. This cutting-edge platform is poised to support a range of mid-size and executive segment vehicles across Stellantis' diverse sub-brands, revolutionizing the electric vehicle (EV) landscape.Power-Packed Specifications of STLA LargeThe STLA Large platform boasts an unprecedented level of flexibility and adaptability. Initially focusing on full-size vehicles in the North America ...

Carlos Tavares, CEO of Stellantis, poses during a presentation at the New York International Auto Show in Manhattan, New York, on April 5, 2023.Stellantis won't sell electrified vehicles such as hybrids and all-electric models at a loss like other automakers have, CEO Carlos Tavares said Friday.Tavares, who has been skeptical around consumer adoption of EVs, said the company is currently making money on its electrified vehicles and will continue to do so with its next-generation vehicles, which Stellantis r ...

Stellantis Unveils BEV-native STLA Large Platform with 800 Km/500 Mile Range and the Ultimate Flexibility to Cover a Wide Spectrum of Vehicles STLA Large platform enables segment-leading capabilities including embedded energy (118 kWh), charging efficiency (4.5 kWh per minute), and performance (0-100 km/h or 62 mph in 2-second range) Available in 400-volt and 800-volt BEV architectures, STLA Large is the most flexible BEV-native platform in the industry, underpinning car, crossover and SUV vehicle types in ...

Stellantis to Announce Full Year 2023 Results on February 15 AMSTERDAM, January 18, 2024 - Stellantis N.V. announced today that its Full Year 2023 Results will be released on Thursday, February 15, 2024. A live webcast and conference call of the Full Year 2023 Results will begin at 2:00 p.m. CET / 8:00 a.m. EST on Thursday, February 15, 2024. The related press release and presentation material are expected to be posted under the Investors section of the Stellantis corporate website at www.stellantis.com at ...

Key TakeawaysStellantis said it has an agreement with European car rental firm Sixt for Sixt to buy 250,000 vehicles over the next three years.The carmaker said a significant volume of deliveries would be made in the first quarter and continue through 2024.The move came shortly after Sixt reportedly told customers it would be selling off its current fleet of Teslas.Jeep maker Stellantis (STLA) said that Europe’s biggest car rental company, Germany-based Sixt, will purchase 250,000 Stellantis vehicles for us ...

Stellantis (NYSE:STLA) layoffs are a hot topic on Tuesday as the automaker cuts 539 temporary workers across the U.S.These job cuts are affecting part-time employees at the company as it reevaluates its headcount. This is part of the Dare Forward 2030 strategic plan. That plan is designed to improve the efficiency, productivity, and market competitiveness of Stellantis.These aren’t the only layoffs Stellantis has announced recently. The company is also temporarily laying off roughly 2,250 workers in Italy. ...

Stellantis NV (BIT: STLAM) is in focus today after announcing a multi-billion-euro agreement with Sixt SE (ETR: SIX2).Sixt will buy a range of vehicles from StellantisCopy link to sectionThe agreement will see the mobility service provider to buy up to 250,000 vehicles from Stellantis for its fleet in countries across North America and Europe over the next three years. Vehicles that Stellantis will deliver to Sixt will include SUVs, urban cars, vans, trucks, and even battery-electric vehicles. Carlos Tavare ...

SIXT and Stellantis Reach Agreement for the Purchase of Up to 250,000 Vehicles, Laying the Foundation for Further Global Expansion Up to 250,000 latest generation Stellantis vehicles will enrich SIXT's rental fleet across Europe and North America by 2026, including Stellantis' wide portfolio range of iconic brands and vehicle classesStellantis and SIXT share ambitious decarbonization strategy and customer-centric approach with cutting-edge technologies at the heart of their products and services Carlos Tav ...

Carlos Zarlenga is Appointed North America Chief Operating Officer, Replacing Mark Stewart AMSTERDAM, January 16, 2024 – Effective February 1, 2024, Carlos Zarlenga will replace Mark Stewart to leverage further improvements in Stellantis' performance in North America and unleash the iconic American brands portfolio potential in close cooperation with their CEOs. Carlos Zarlenga is a seasoned leader with more than a decade of automotive experience in EMEA, Asia Pacific and Latin America, together with a stro ...