Stellantis laying off about 400 US workers, citing ‘unprecedented uncertantities’
By David Shepardson (Reuters) -Chrysler parent Stellantis said on Friday it will lay off about 400 U.S. salaried workers as it seeks to cut costs, boost efficiency and ramp up electric-vehicle production…
CMA CGM buys auto logistics firm Gefco as Russia’s RZD, Stellantis exit
PARIS – French shipping group CMA CGM said on Friday it has acquired nearly 100% of Gefco, the auto transport company previously co-owned by Russian Railways (RZD) and carmaker Stellantis. CMA CGM…
Production from Stellantis Italy plants to fall for fifth year due to chip crisis-union
MILAN – Vehicle production from sites owned in Italy by Stellantis and previously its predecessor Fiat Chrysler is set to fall for a fifth consecutive year in 2022 due to the microchip…
Stellantis to slow work at Italy’s Melfi plant as chips run short
MILAN – A worsening in microchip supply conditions triggered by Russia’s invasion of Ukraine will prompt carmaker Stellantis to slow operations at its key Melfi plant in Italy next month, trade unions…
Tavares confident that Stellantis can catch up with Tesla
MILAN – Stellantis should be able to catch up with electric vehicle pioneer Tesla in the coming years, its chief executive Carlos Tavares said on Friday, adding that competition would benefit consumers.…
Stellantis to extend Fiat Panda production in Italy until 2026 -unions
MILAN – Stellantis will produce its best-selling Fiat Panda small car at its Pomigliano plant in southern Italy until 2026, metal workers unions said on Thursday after the carmaker met workers’ representatives.…
Stellantis weighs producing ethanol hybrid vehicle in Brazil
By Alberto Alerigi Jr. SAO PAULO – Stellantis is considering the production and sale of a hybrid vehicle powered by electricity and ethanol in Brazil by 2025, and plans to launch a…
Stellantis aims to double revenue to 300 billion euros by 2030
– Stellantis said on Tuesday that it aims to double its net revenues to 300 billion euros ($335 billion) by 2030, while maintaining double-digit adjusted operating margins as it manages the shift…
Stellantis, unions agree on over 700 voluntary redundancies this year -UILM
MILAN – Stellantis and unions have agreed to cut 714 jobs at the carmaker’s operations in Italy this year through voluntary redundancies, the UILM union said on Thursday. The deal is similar…
Automaker Stellantis to suspend COVID-19 vaccine mandate for U.S. staff
– Automaker Stellantis NV said it would suspend its COVID-19 vaccine mandate for U.S. employees, days after the country’s Supreme Court blocked President Joe Biden’s vaccination-or-testing mandate for large businesses. “With more…
Stellantis commitments in Italy unaffected by early loan repayment – union
MILAN – Management at carmaker Stellantis has confirmed its commitment to preserve jobs and plants in Italy despite the early repayment of a 6.3 billion euro ($7.03 billion) state-backed loan, the Uilm…
Stellantis repays 6.3 billion euro Italy state-backed loan in advance
ROME – Carmaker Stellantis said on Friday its unit FCA Italy and other Italian subsidiaries had repaid a 6.3 billion euro ($7 billion) loan to Italy’s top lender Intesa Sanpaolo. The loan…
Stellantis ready to repay 6.3 billion euro Italy state-backed loan in advance- sources
MILAN – Stellantis is preparing to early repay a 6.3 billion euros ($7 billion) loan backed by Italian government its predecessor Fiat Chrysler obtained at the peak of a COVID-19 outbreak, two…
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