Tag Archives: carlos tavares

Stellantis Opens its First Circular Economy Hub in Turin

Stellantis has opened its SUSTAINera Circular Economy Hub (CE Hub) at the former Fiat Mirafiori Complex in Turin, Italy. Stellantis hopes to foster its so-called Circular Economy ambitions with a 360-degree approach based on its 4R strategy: Reman, Repair, Reuse, and Recycle. The objectives of the CE Hub are to extend the life of parts and vehicles, ensuring that they last for as long as possible. When that is no longer possible, the material is collected for recycling from the re-manufacturing operations, and from the end-of-life vehicle dismantling activity, and then returned to the manufacturing loop to build new vehicles and parts. Continue reading

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Stellantis and CATL MoU for Lithium Iron Phosphate Batteries

Stellantis and CATL are considering the possibility of a joint investment in the form of a joint venture with equivalent contributions. Stellantis aims to use lithium iron phosphate (LFP) batteries to assist making its Dare Forward 2030 electrification targets. LFP has a long service life and high thermal stability. Continue reading

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Stellantis Posts Q3 Sales Up 37%. Pre-Tax Profit €3B

Stellantis* today posted a pre-tax operating profit of €3 billion. The company that is partly comprised of Jeep, Dodge Jeep and Ram said the strikes cost it around €750 million. However the strikes – characterized as “work stoppages”- resulted in … Continue reading

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Stellantis Invests in Chinese Leapmotor to Expand EV Sales

“As consolidation unfolds among the capable electric vehicles start-ups in China, it becomes increasingly apparent that a handful of efficient and agile new generation EV players, like Leapmotor, will come to dominate the mainstream segments in China,” said Stellantis CEO Carlos Tavares. Continue reading

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UAW Shifts Tactics – No New Strike Actions Today

Shawn Fain in a Facebook Live broadcast this morning once again caught the Detroit Three Automakers napping when he said “We’re entering a new phase of this fight, and it demands a new approach. We’re not announcing expansion of our strike, but we are prepared at any time to call on more locals to stand up and walk out… So tomorrow, I’m calling all of our UAW members and our allies to head to a picket line,” in a show of support for all workers. Continue reading

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New Car Prices Up 34% in last Four Years. UAW Pay 6%

The video also shows that Big Three price gouging, not UAW pay, has been responsible for rising car prices in recent years. Average new car prices went up 34% over the last four years while pay for UAW members rose just 6%. The cost of labor for the Big Three is ~4-5% of total operations. The video notes that Ford, General Motors and Stellantis could double UAW wages, not raise car prices and still make billions of dollars. Continue reading

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UAW Publicly Pans Stellantis Contract Proposal

The UAW used social media last night to update members about the contract talks at Stellantis (formerly Fiat-Chrysler or FCA). Shawn Fain led of course with the oft used observation that “Stellantis just made $12.1 billion in net profits in the first half of 2023. What followed was an update that appears to show that little to no progress is being made. The UAW contract expires on Sept. 14, and it covers 150,000 autoworkers at Ford, General Motors and Stellantis. Stellantis CEO Carlos Tavares’ compensation has increased 72% over the last four years, the UAW noted. Continue reading

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Stellantis Posts Record Revenue and Profits for 2023 Half 1

Stellantis (NYSE: STLA) today posted strong growth while setting new records in net revenues, operating income and net profit for the first half of 2023 while continuing its transformation to electrified and software-defined vehicles for its 14 brands. Stellantis currently has 25 BEVs available today and another 23 launching through 2024. Continue reading

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Stellantis and Samsung SDI to Build Second US Battery Plant

“This new facility will contribute to reaching our aggressive target to offer at least 25 new battery electric vehicles for the North American market by the end of the decade,” said Stellantis CEO Carlos Tavares. “We are continuing to add more capacity in the United States together with our great partner Samsung SDI and laying the next steps to reaching our carbon neutrality commitment by 2038.” Continue reading

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Stellantis Shows New Global EV Platform – STLA Medium

The platform can be used on a variety of vehicles and propulsion configurations in the center of the mass-market, the C- and D-segments, which accounted for 35 million sales in 2022 of the 78.5 million vehicles sold globally that year. Stellantis brands right now offer 26 vehicle nameplates in those segments on a variety of platforms. Up to two million vehicles per year can be built on the STLA Medium platform in several plants. Continue reading

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Stellantis, Vulcan Sign Deal for Renewable Energy at Mulhouse

Mulhouse is where the DS7, Peugeot 308 and e-308, 508, and the new 408 are made. Based on current assumptions, the project could provide a significant portion of the industrial site’s annual energy needs starting in 2026, Stellantis said. It’s the latest move in the Stellantis fight against climate change with its ambitious goal of reaching carbon net zero emissions by 2038, with a 50% reduction by end of this decade. Continue reading

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Stellantis, TotalEnergies, Mercedes-Benz Open Battery Factory

Stellantis (NYSE: STLA), TotalEnergies and Mercedes-Benz, celebrated today the inauguration of  the Automotive Cells Company’s (ACC) battery factory in Billy-Berclau Douvrin, France, the first of three planned in Europe. Continue reading

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Stellantis Buys Share of Symbio for Fuel Cell Technology

“Acquiring an equal stake in Symbio will bolster our leadership position in hydrogen-powered vehicles by supporting our fuel cell van production in France, and it also serves as a perfect complement to our growing battery electric vehicle portfolio,” said Carlos Tavares, Stellantis CEO. Continue reading

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EV Battery Gold Rush – Stellantis and Alliance Nickel

NiWest is an advanced nickel-cobalt development project in Western Australia that hopes to produce ~90,000 tpa (tons per annum) of battery grade nickel and cobalt sulphate for the electric vehicle market. To date, more than AU$30 million has been invested into drilling, metallurgical test work and development studies. Stellantis today also agreed agreed to purchase €9.2 million (AU$15 million) in new equity in Alliance Nickel, giving it an 11.5% shareholding on completion and rights to nominate one director to the Alliance board. Money from the equity purchase will be applied to the completion of the NiWest Project Definitive Feasibility Study and engineering design works, expected in the last quarter of 2023. Continue reading

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Stellantis to Convert Three Indiana Plants to EV Components

As a result more than 265 jobs will survive. Stellantis* said that its total investments in Indiana since 2020 to support electrification goals will increase to nearly $3.3 billion, including gigafactory joint venture with Samsung SDI. This is to support the goal of 50% battery electric sales in the U.S. by 2030. Continue reading

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