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Tag Archives: NYSE: STLA
Carlos Tavares Out as Stellantis CEO
Stellantis (NYSE: STLA ) in an unusual but not surprising Sunday release said that the Company’s Board of Directors, under the Chairmanship of John Elkann, has accepted Carlos Tavares’ resignation on 1 December 2024 as Chief Executive Officer with immediate effect. The process to appoint the new permanent Chief Executive Officer is well under way, as AutoInformed* previously reported, managed by a Special Committee of the Board. It will conclude within the first half of 2025. Until then, a new Interim Executive Committee, chaired by John Elkann, will be established. Continue reading
Posted in auto news, customer satisfaction, financial results, milestones, mobility company, news analysis, people, shows and events
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, carlos tavares, John Elkann, Ken Zino, NYSE: STLA, X @KenAutoinformed
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Stellantis to Invest +$406M in Three Michigan Plants for EVs
“Sterling Heights Assembly has performed an incredible transformation in record time and I want to thank our colleagues for this great achievement,” said Stellantis CEO Carlos Tavares. “Gearing up to build our first-ever Ram electric truck and the range-extended version in Michigan is a meaningful moment of pride for our teams. With these investments supporting both Jeep and Ram, we’re adding innovations to our Michigan manufacturing footprint to support a multi-energy approach that is laser-focused on customer demand.” Continue reading
Posted in alternative fuels, auto news, electric vehicles, environment, fuel economy or emissions, global warming, manufacturing, milestones, mobility company, news analysis, shows and events
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, carlos tavares, Dundee Engine Plant, Ken Zino, NYSE: STLA, Sterling Heights Assembly Plant, Warren Truck Assembly Plant, X @KenAutoinformed
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Stellantis Sales Up in EU for First Half of 2024
“We will sustain our growth by seizing opportunities and managing disruptions,” said Uwe Hochgeschurtz, Stellantis Chief Operating Officer, Enlarged Europe. “With our solid market position, strategic partnerships, and robust product lineup, we enter the year’s second half with strong momentum. Continue reading
Stellantis Adds Another $55 Million to Archer Aviation
“Few things rival the excitement of seeing a dream take flight. I applaud the innovation, expertise and hard work of the engineering and manufacturing teams from Stellantis and Archer,” said Carlos Tavares, Stellantis CEO. “With this additional investment in Archer, we remain on course for a future where freedom of mobility extends beyond today’s roads.” Continue reading
Posted in aviation, economy, electric vehicles, environment, milestones, mobility company, news analysis, transportation
Tagged Adam Goldstein, auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, carlos tavares, electric vertical takeoff and landing aircraft, eVTOL aircraft, Ken Zino, NYSE: ACHR, NYSE: STLA
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Stellantis Q1 Revenues, Shipments Drop – Transition or Trend?
Stellantis reiterated a minimum commitment of double-digit Adjusted operating income (AOI) margin in 2024, as well as positive Industrial free cash flow, despite macroeconomic uncertainties. Stellantis claimed that it is on track to deliver total capital returns in 2024 more than €7.7 billion, for an 11% yield as a percentage of Stellantis market capitalization on 1 January 2024. It is likely that its value will go down in the short term. The company, in AutoInformed’s view is in a transition that requires the balancing of market share, product cost, revenue and development of new offerings. It is not alone among automakers. Continue reading
Posted in auto news, electric vehicles, financial results, mobility company, news analysis, results
Tagged alfa romeo, auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, chrysler, citroën, Dodge, Fiat Topolino, jeep, Ken Zino, Maserati Grecale Folgore, Natalie Knight CFO of Stellantis, NYSE: STLA, Ram ProMaster, Stellantis Q1 2024 financial results
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Stellantis Posts Record 2023 Results – €18.6B Net
“As we just passed the three-year mark since Stellantis’ inception, I warmly thank our teams who are executing at the highest levels and contributing greatly to our growth story, even in the strongest of headwinds. Today’s record financial results are proof that we have become a new global leader in our industry and will remain rock solid as we look to a turbulent 2024. Thanks to our flexible technology and product roadmap, we are prepared to address the various scenarios that could arise and to continue delivering on our Dare Forward 2030 targets,” said Carlos Tavares, CEO. Continue reading
Posted in alternative fuels, auto news, economy, electric vehicles, engineering, environment, financial results, manufacturing, marketing, milestones, mobility company, news analysis, results, sales
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, carlos tavares, Ken Zino, NYSE: STLA, Stellantis earnings and strategy, STLA platforms
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Stellantis Increases January European Sales and Market Share
“Stellantis’ sales growth across key markets in January reflects our collective dedication to innovation and customer satisfaction,” said Uwe Hochgeschurtz, Stellantis Chief Operating Officer, Enlarged Europe. “This performance, both in volumes and market share across all energies and segments, reaffirms our position as the unrivaled challenger for the #1 spot in Europe. Continue reading
Valorauto Recycling Now Available to Private Owners
The is a result of a new French regulation -The Anti-Waste and Circular Economy (AGEC),** which requires manufacturers to provide solutions to manage the end-of-life of their products. Stellantis intends to set up its Individual System with VALORAUTO as its Service Provider. The VALORAUTO service will be offered to private owners not only in France but also in Belgium and Luxembourg in what looks to be an attempt to get out in front of an expansion of the regulation in the EU. Continue reading
Stellantis NA COO Mark Stewart Out. Carlos Zarlenga In
“In the very demanding North American market with many obstacles to overcome in order to foster the performance of the Company, Carlos Zarlenga is the best leader among our talent pool to replace Mark Stewart and to drive the change in our business model towards electrification in the region. Carlos Zarlenga has demonstrated his ability to bring together and unite diverse teams and to deliver the expected results,” said Carlos Tavares, CEO of Stellantis. “I would like to thank Mark Stewart for his contribution to this role after a three-year cycle, corresponding to the date of creation of Stellantis and I wish him the best in his new position.” Continue reading
Stellantis Implements First Employee Share Purchase Plan
“The success of this step of Shares to Win in Italy and France demonstrates our employees’ confidence in the sustainable future of our Company supported by the execution of our Dare Forward 2030 strategic plan, which maps out the path to achieving carbon net zero by 2038 and creating value for all our stakeholders,” claimed Xavier Chéreau, Chief HR & Transformation Officer. Continue reading
Posted in news analysis
Tagged alfa romeo, auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, chrysler, citroën, Dodge, DS Automobiles, Fiat, Free2Move, jeep, Ken Zino, lancia, Leasys, maserati, Milano stock exchange, NYSE: STLA, opel, Peugeot, ram, Stellantis Shares to Win, Vauxhall, Xavier Chéreau
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Stellantis and Orano Explore EV Battery Recycling Deal
Key to the deal appears to be Orano’s low-carbon technology, which differs from existing processes, allowing the recovery of all materials from lithium-ion batteries, and the manufacturing of new cathode materials. The joint venture will produce materials also known as “black mass” or “active mass.” This can be refined in Orano’s hydro-metallurgical plant to be built in Dunkirk, France, so that the materials could be re-used in batteries. Continue reading
Posted in electric vehicles, environment, manufacturing, mobility company, transportation
Tagged Alison Jones, auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Guillaume Dureau, Ken Zino, lithium ion batteries, NYSE: STLA, Orano group, reclaimed cobalt and nickel and lithium
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Stellantis Opens Its First Battery Technology Center in Italy
“We are in the midst of a once-in-a-lifetime opportunity to redefine mobility, providing smart and sustainable solutions for our customers,” claimed Ned Curic, Stellantis Chief Engineering and Technology Officer. “Our new Battery Technology Center at Mirafiori brings together the tools and talented people we need to design, test, verify and produce class-leading products that will meet our customers’ needs and accelerate bringing class-leading electric vehicles to customers around the world.” Continue reading
Strange Green Bedfellows – Stellantis and Aramco
Low carbon eFuel is a drop-in synthetic fuel made by reacting CO2, captured either directly from the atmosphere or from an industrial facility, with renewable hydrogen. The use of low carbon eFuel has the potential to reduce carbon dioxide emissions from existing internal combustion vehicles by at least 70% on a lifecycle basis, compared to conventional fuels its advocates claim. Continue reading
Posted in alternative fuels, energy, environment, fuel economy or emissions, global warming, public health, transportation
Tagged auto industry commentary, autoinformed.com, co2 emissions, ENOWA, Ken Zino, Low-carbon eFuel, Neom Energy and Water, NYSE: STLA, Repsol, Saudi Arabian Oil Group, Stellantis
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Private Equity Buys Comau. Stellantis has Minor Stake
Stellantis N.V. (NYSE: STLA ) has confirmed that One Equity Partners – a private equity firm – has completed its majority investment in Comau S.p.A. a global company specializing in industrial automation and advanced robotics. It’s the latest move at struggling Stellantis to clean up its ailing automotive pursuits.*
“I want to express my gratitude to Comau’s employees for providing innovative products and services to all its customers,” said Stellantis Chairman John Elkann in a pro-forma statement. “I am confident that Comau, under its new ownership, has the right leadership, strategy and operational discipline to create sustainable, long-term value for all its stakeholders, from Italy to the world.” Continue reading →