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Tag Archives: Antonio Filosa
Stellantis €22.2B Charges. Dividend Cancelled. Stock Tanks
Stellantis N.V. (NYSE: STLA. STLAM.MI) on Friday announced a vast overhaul of its business and as it prepares for the communication of its new strategic plan in May of this year. In a release it claimed that “it has conducted a thorough assessment of its strategy and related costs required to align the Company with the real-world preferences of its customers.”[Translation – STLA is hemorrhaging cash and will take charges and add debt while it tries to return to profitability. The capital markets did not take a wait and see view. STLA dropped ~24% by the time the markets closed – AutoCrat] Continue reading
Posted in auto news, economy, electric vehicles, financial results, labor issues, manufacturing, mobility company, news analysis, results
Tagged Antonio Filosa, auto industry commentary, AutoInformed news, autoinformed.com, automotive blog, Automotive news and analysis, Citroën C3 Aircross and C5 Aircross, dodge charger, Fiat 500 Hybrid, Fiat Grande Panda, Ken Zino of AutoInformed, Ken Zino of AutoInformed.com writing as AutoCrat, NYSE: STLA. STLAM.MI, Ram 1500, Stellantis N.V., X @KenAutoinformed
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Stellantis and Bolt Partner on Driverless Mobility
Stellantis (NYSE: STLA) and Bolt, a European mobility platform, today announced they have entered a partnership to jointly explore the development and use of Level 4 (driverless) autonomous vehicles for commercial operations across Europe. [The move is a defensive one as the Chinese undoubtedly are preparing to attack this lucrative segment – AutoCrat]*
“Our AV-Ready Platforms™ are designed for maximum flexibility, so we can deliver the best possible experience for European customers. Autonomous fleets can also contribute to a lower carbon footprint by enabling a shared and optimized mobility, reducing congestion and emissions. Partnering with Bolt is intended to bring this vision closer to reality, combining our engineering expertise with their operational reach in the hopes of making driverless mobility a trusted part of everyday life in Europe,” said Antonio Filosa, Stellantis CEO. Continue reading
Posted in auto news, autonomous vehicles, car sharing, environment, marketing, milestones, mobility company, news analysis, shows and events, software defined vehicles, transportation
Tagged Antonio Filosa, auto industry commentary, AutoInformed news, autoinformed.com, automotive blog, Automotive news and analysis, Ken Zino of AutoInformed, Ken Zino of AutoInformed.com writing as AutoCrat, Markus Villig, ride-hailing services, shared mobility services, Stellantis eK0 medium size van and STLA Small platforms, X @KenAutoinformed
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Stellantis to Invest $13 Billion in U.S. Plants
Stellantis (NYSE: STLA) late yesterday announced plans to invest $13 billion during the next four years to increase its sales in the critical United States market and to expand its domestic manufacturing footprint. Part of this are required updates to aging vehicles to stay competitive and defend market share. Some was previously planned and announced for other vehicles – notably EVs but is now being redirected to internal combustion engine products because of the relaxation of environmental rules and the elimination of EV buying incentives and CAFE fines or fees on vehicles that inordinately pollute the air causing dire human health problems by the Environmental Pillage Agency, aka EPA, under the Trump – “Global warming is a Chinese hoax” Administration. Continue reading
Posted in auto news, economy, environment, global warming, labor issues, manufacturing, mobility company, news analysis, public health, shows and events
Tagged Antonio Filosa, auto industry commentary, AutoInformed news, autoinformed.com, automotive blog, Automotive news and analysis, Governor Gretchen Whitmer, Ken Zino of AutoInformed, Ken Zino of AutoInformed.com writing as AutoCrat, NYSE: STLA, Stellantis U.S. Plant Investments, X @KenAutoinformed
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Stellantis Posts H1 2025 Loss of €2.3 Billion
Stellantis N.V. (NYSE: STLA)* today announced results for the H1 2025, reporting Net revenues of €74.3 billion, down 13% compared to H1 2024. The breathtaking net loss was -€2.3) billion, including €3.3 billion of net charges excluded from Adjusted operating income, down compared to H1 2024 Net Profit of €5.6 billion. It updated its tariff cost assumptions to an estimated 2025 net tariff of~€1.5 billion (~$1.7B), of which only €0.3 billion was incurred in H1 2025. Continue reading
Posted in auto news, economy, financial results, manufacturing, marketing, mobility company, news analysis, results, sales, shows and events
Tagged Antonio Filosa, auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, CapEx and R&D expenditures, Ken Zino, NYSE: STLA, tariff costs, X @KenAutoinformed
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New Stellantis CEO Filosa Drastically Changes Staffs
Upon assuming his new Stellantis CEO job today (NYSE: STLA), Antonio Filosa drastically changed his new Stellantis Leadership Team, effective immediately. Continue reading
Posted in news analysis
Tagged Alison Jones, Antonio Filosa, Arnaud Deboeuf, auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Clara Ingen-Housz, Davide Mele, Emanuele Cappellano, Giorgio Fossati, Jean-Philippe Imparato, Ken Zino, Monica Genovese, Ned Curic, Olivier François, Philippe de Rovira, Ralph Gilles, Scott Thiele, Sébastien Jacquet, Stellantis Leadership Team, X @KenAutoinformed, Xavier Chéreau
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Antonio Filosa New Stellantis CEO
Stellantis will now hold an Extraordinary Shareholder Meeting, which will be called in the coming days for Antonio Filosa to be elected to the Board to serve as an executive director of the Company. “Meanwhile, to give him full authority and ensure an efficient transition, the Board has granted him CEO powers effective June 23.”
John Elkann will continue in his role as Executive Chairman when Antonio Filosa takes up his position as Chief Executive Officer on June 23. At that time, Antonio Filosa will also announce Stellantis’ new leadership team. Continue reading
More Stellantis Executive Changes as Stock Drops
“Through targeted organizational adjustments, the regions now have enhanced local decision-making and execution capabilities in respect of product planning, product development, industrial and commercial activities, while maintaining coordination with the Company’s global functions to best serve their customers,” Stellantis said. However, there still is no new permanent Chief Executive Officer from the Special Committee of the Board of Directors at a time when Trump’s executive orders – viz tariff’s – are wreaking havoc in the auto industry. Stellantis shares are down ~8% this morning. Continue reading
Posted in auto news, car sharing, connected vehicles, economy, environment, financial results, manufacturing, mobility company, news analysis, people
Tagged Alain Favey, Anne Abboud, Antonio Filosa, auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Bob Broderdorf, Clara Ingen-Housz, Ken Zino, Ned Curic, Olivier François, Stellantis, X @KenAutoinformed, Xavier Peugeot
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Stellantis Posts Full Year 2025 Loss of €22.3B
“In the second half of the year we began to see initial, positive signs of progress with the early results of our drive to improve quality, strong execution of the launches of our new product wave and a return to top line growth. In 2026 our focus will be on continuing to close the execution gaps of the past, adding further momentum to our return to profitable growth,” claimed Filosa. [A large portion of the Stellantis Corporate farm appears to be bet on its ability to sell large Ram pickup trucks and some cars with V8 engines – Hemi – and sell more Jeeps in North America where GM and Ford are firmly entrenched. Affordability is an issue as well, so a mid-size Dakota Pickup truck is in the works. – AutoCrat] Continue reading →