Renault SA registered more vehicles across Europe than Stellantis NV for the first time in December, a month that began with the latter ousting Carlos Tavares as chief executive officer.Renault sold 130,
New car sales in Europe were up by 0.9% in 2024, led by double-digit growth in hybrid car registrations, which exceeded petrol for a fourth consecutive month in December, industry data showed on Tuesday.
Stellantis faces significant operational challenges and competition despite being a major automotive manufacturer, leading the analyst to maintain a hold rating on the stock.
A federal lawsuit alleges female employees at a Stellantis assembly complex in Detroit were sexually harassed, according to the U.S. Equal Employment Opportunity Commission.
Plus, electric vehicle startup Canoo has ceased operations and filed for bankruptcy, and General Motors faces an engine probe that could hit 870,000 vehicles.
Stellantis faces challenges amid CEO resignation and operational issues, caution advised for potential investors due to leadership instability. Read my STLA thesis.
Filosa also moved Jeff Kommor back to his previous role as U.S. head of sales after a disastrous year that saw Stellantis lose nearly 2 points of market share while inventory piled up at dealerships. Tavares had reassigned Kommor to a commercial sales role in February 2024.
The mooted Honda Nissan merger and the fallout from leadership change at Stellantis suggests the auto industry must brace for turmoil, where size is a survival necessity.
Stellantis faces a trust crisis with dealers. A new survey reveals just how bad it is.
Stellantis is planning to build a consolidated Mopar parts distribution facility in Michigan, but the location hasn't been finalized.
Stellantis' said on Thursday its fourth quarter shipments were down 9% compared to the previous year, to 1.395 million vehicles.
In a report released today, Michael Jacks from Bank of America Securities reiterated a Buy rating on Stellantis (STLA – Research Report), with