This massive auto conglomerate looks doomed for failure.Chrysler Group has had a long history of failed European partnerships. It started in 1998 via a merger with Daimler-Benz, which fell apart in 2007 amid cultural incompatibilities and poor synergy. By 2014, what remained of Chrysler merged with the Italian automaker Fiat to make Fiat Chrysler Automobiles. This conglomerate finally merged with France-based PSA Group and is now known as Stellantis (STLA -2.41%),  headquartered in the Netherlands. It's sti ...

Carlos Tavares, chief executive officer of Stellantis NV, speaks to the media at the Stellantis auto manufacturing plant in Sochaux, France, on Thursday, Oct. 3, 2024. DETROIT — Automaker Stellantis plans to shutter and sell its large vehicle proving grounds in Arizona at the end of this year, CNBC has learned. The decision is the latest cost-cutting measure by the trans-Atlantic automaker under CEO Carlos Tavares, who has been increasingly under pressure from Wall Street, dealers and the United Auto Worker ...

AUBURN HILLS, Mich., Oct. 18, 2024 /PRNewswire/ -- Barbara Pilarski receives the prestigious Spirit of Tocqueville Award from United Way for Southeastern Michigan Recognized for her long-standing commitment to philanthropy and community service Instrumental in raising over $800,000 for local families through Run United and Team Jeep® Barbara PilarskiBarbara Pilarski Barbara Pilarski, senior vice president and head of business development for the Americas, has been awarded the United Way for Southeastern Mic ...

AUBURN HILLS, Mich., Oct. 16, 2024 /PRNewswire/ -- The original muscle-car era was all about performance. The modern muscle-car era stepped that up a few notches. How high can the future muscle-car era go is a good question. An answer from Mopar is coming to SEMA 2024. Mopar Mopar is the global name for Stellantis genuine parts and authentic accessories. A simple combination of the words MOtor and PARts, Mopar offers exceptional service, parts and customercare. Born in 1937 as the name of a line of antifree ...

Global Shipments Decline - Worldwide shipments of Stellantis vehicles fell by 20% in the third quarter, with a 36% drop in North America [1][2] - Shipments during the quarter fell to about 1.15 million vehicles from 1.43 million last year [2] - The drop in shipments exceeded the 15% decline in Stellantis' third-quarter underlying sales [3] Regional Performance - Shipments fell in Europe, Middle East and Africa, and China, India, and Asia Pacific regions [4] - South America was the only region to register a gain in shipments [4] - Stellantis' market share in the U.S. rose to 8% in September from 7.2% in July [4] Company Challenges - Stellantis has seen sales fall and shares lose 44% of their value so far this year [1][5] - The company issued a profit warning, citing "deterioration in global industry dynamics" and competition from Chinese rivals [2] - Stellantis announced changes at its executive level to focus on key business priorities and address industry issues [5] Market Reaction - Stellantis shares were up 1% at $13.08 soon after the opening bell Wednesday [5] - The company has faced lower-than-expected quarterly results, production pauses, and cuts to its full-year outlook [5]

Stellantis is recalling more than 20,000 hybrid crossover SUVs in the U.S. due to a potential issue with the brake pedal that's led to over a dozen incidents. The automaker announced on Wednesday that an estimated 20,755 2024-2025 model-year Alfa Romeo Tonale plug-in hybrid (PHEV) SUVs and 2024 model-year Dodge Hornet PHEV SUVs are impacted by the recall. The automaker said the vehicles "may have been built with a brake pedal that could inadvertently disengage while braking," according to the recall notice. ...

Stellantis N.V. (STLA) has been grappling with declining sales and market share, a trend that began before this year. In 2023, it was an outlier among competitors as its losses surpassed competitors and its market share fell below General Motors, Toyota, Ford and even Hyundai. The company has reported multiple consecutive quarters with sales declines of 20% or more in the United States. Recently, its U.S. market share dropped below Honda's. Losing market share appears to be a significant shift for a company ...

Core Viewpoint - Rosen Law Firm is reminding investors who purchased Stellantis N.V. securities between February 15, 2024, and July 24, 2024, of the October 15, 2024, deadline to become a lead plaintiff in a class action lawsuit [1][2]. Group 1: Class Action Details - Investors who bought Stellantis securities during the specified Class Period may be eligible for compensation without any out-of-pocket fees through a contingency fee arrangement [1]. - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by October 15, 2024 [2]. - The lawsuit alleges that during the Class Period, Stellantis provided misleading information regarding its expected revenue for 2024, including claims of reduced inventory levels and positive cash flow, while concealing adverse facts [4]. Group 2: Rosen Law Firm's Credentials - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a proven track record in securities class actions, highlighting its own success in achieving significant settlements [3]. - The firm has been recognized for its performance in securities class action settlements, including a record settlement against a Chinese company and ranking first in 2017 for the number of settlements [3]. - In 2019, Rosen Law Firm secured over $438 million for investors, showcasing its capability in recovering substantial amounts for clients [3].

Key Takeaways Stellantis shares lost ground Friday after the automaker announced a shakeup of its management as it tries to recover from a sales slump. The changes included replacing CFO Natalie Knight with China COO Doug Ostermann. The company said the changes were made to "redouble" its focus on key priorities and address global challenges facing the industry. Stellantis (STLA) shares lost ground in early trading Friday after the "Big Three" automaker announced an executive shakeup as it tries to recover ...

NEW YORK, Oct. 10, 2024 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Stellantis N.V. (NYSE: STLA) between February 15, 2024 and July 24, 2024, both dates inclusive (the "Class Period"), of the important October 15, 2024 lead plaintiff deadline. SO WHAT: If you purchased Stellantis securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. WH ...