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If left in place, such high import duties would make Detroit’s North American-centric business structurally unprofitable, warns Barclays investment bank. Read More
Data from AI agent CoPilot shows inventory has fallen faster than prices in the last year for Jeep, Ram, and Chrysler cars. Read More
The Stellantis car giant—which includes Fiat, Chrysler, Jeep and Peugeot—also reported a 17 percent fall in revenue to 156.9 billion euros ($164.6 billion). Read More
Stellantis worker at work inside of the new Hybrid and PHEV Vehicles Stellantis Group eDCT Assembly Plant on April 10, 2024 in Turin, Italy. Stefano Guidi | Getty Images News | Getty Images Auto giant Stellantis on Wednesday reported a sharp drop in full-year earnings as the company scrambles to take measures to improve its … Read more
Stellantis’s Belvidere site has been mothballed since February 2023 after the carmaker temporarily discontinued production of the Jeep Cherokee crossover. Read More
(Reuters) -Stellantis has reversed its decision to lay off about 1,100 employees at an Ohio Jeep plant less than three weeks after the abrupt resignation of Chief Executive Carlos Tavares, the Franco-Italian automaker said late on Saturday. The company has decided not to put any employees on indefinite layoff from Jan. 5 due to a previously … Read more
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