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Stellantis CEO to Address Italy Parliament as Demand for Electric Car Weakens
MILAN (Reuters) -Stellantis' chief Carlos Tavares will address an Italian parliamentary committee next week on the prospects for the carmaker's production in Italy, the company said on Tuesday, after it warned about poor demand for electric vehicles.
European carmakers warn on profits in the face of weak demand and rising costs
European carmaker Stellantis on Monday joined bigger rival Volkswagen and others in warning about the worsening outlook for auto demand and rising costs, wiping billions of euros off the sector's market value.
Stellantis shares plunge as carmaker follows Volkswagen in warning on profits
Shares in Chrysler parent Stellantis plunged almost 14% in Milan Monday after the Italian-American carmaker slashed its forecasts for full-year profitability and cash flow, citing weaker global sales and increased competition from Chinese rivals.
Italy's Stellantis becomes latest car giant to issue profits warning
The struggling maker of Jeep and Ram is looking for a new CEO to succeed Carlos Taveres, who is under fire from US dealers and the United Auto Workers union after a dismal first-half financial performance.
Hosted on MSN
13h
Major car brand pauses production of electric vehicle as Stellantis bosses warn of 'deep trouble'
Major manufacturer Stellantis has announced an extension to the production suspension of its electric Fiat 500 model until ...
17h
on MSN
Stellantis to extend halt in output of electric Fiat 500 on poor demand
Stellantis will extend the suspension of production of its Fiat 500 electric city car until Nov. 1 due to poor demand, the ...
2d
European Autos Challenged By EVs, China, Weak Sales, Profit Warnings
Europe's auto makers face challenges as electric cars stall, overall sales weaken, profits fall, plant closures loom, and ...
Automotive News
16h
Stellantis extends production halt for electric Fiat 500 on poor demand
Despite the temporary production halt in output, Stellantis reiterated plans to invest $111 million to build a ...
17h
Stellantis' $854 million UK lawsuit over airbag, seatbelt cartels begins
London lawsuit against two safety equipment makers began on Tuesday, with the European carmaker arguing long-running cartels ...
6d
Stellantis And Leapmotor Gear Up For European Launch Of Budget City Car And SUV
Stellantis (NYSE:STLA) and China’s Leapmotor revealed that they are set to begin taking orders in Europe for a city car and ...
itc.ua
8h
Leapmotor T03: a Chinese electric car with European production and a price of €18900
The Leapmotor T03 is powered by a 37.3 kWh battery, which provides it with a range of 265 km on the WLTP cycle. The compact ...
Automotive News
22h
Stellantis aims to keep Autobianchi, Innocenti brands, Tavares says
Although Stellantis has 15 active brands in its stable, the group does not want to give up the Autobianchi and Innocenti ...
1d
Stellantis becomes second carmaker to issue profit warning in 4 days as China rivalry bites
Once celebrated, CEO Carlos Tavares has to worry about his job amid a dealer revolt and a new successor search by his own ...
12h
Stellantis Shares Drop 14% Amid Profit Warning and Rising Competition from Chinese EV Makers
Shares in Stellantis, the parent company of Chrysler, plummeted nearly 14% in Milan on Monday following a drastic revision of ...
20h
Stellantis CEO to address Italian parliamentary panel next week as demand for EVs weakens
The hearing will take place on Oct. 11, Stellantis said, after announcing it had extended the suspension of production of its ...
Zacks.com on MSN
14h
Stellantis Joins Europe's Auto Giants in Sounding Profit Alarms
Stellantis N.V. STLA, the multinational automaker born out of the 2021 merger of PSA Peugeot and Fiat Chrysler, has become ...
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