AUBURN HILLS, Mich., Dec. 18, 2024 /PRNewswire/ -- Stellantis announced today that it has made the decision to pull launch timing of its range-extended Ram 1500 Ramcharger ahead of Ram 1500 REV, the company's first battery-electric light duty pickup truck. Ram brand originally planned to launch the Ram 1500 REV in the first half of 2025.The decision to launch Ramcharger first was driven by overwhelming consumer interest, maintaining a competitive advantage in the technology and slowing industry demand for h ...

Stellantis N.V. (STLA) and CATL have agreed to invest up to €4.1 billion to establish a joint venture for a large-scale lithium iron phosphate (LFP) battery plant in Zaragoza, Spain. This carbon-neutral facility will be developed in phases and is planned to begin production by late 2026. The plant’s capacity could reach up to 50 GWh, contingent on the evolution of Europe's electric market and ongoing support from Spanish and European Union authorities.The 50-50 partnership aims to strengthen Stellantis’ LFP ...

AUBURN HILLS, Mich., Dec. 11, 2024 /PRNewswire/ -- 2025 Ram 1500 excels in all competition categories: advancement in design, engineering excellence, efficiency, safety, value and performance of intended function Wide range of trim levels, performance capabilities of 3.0-liter Hurricane Straight-Six Turbo engine help boost 2025 Ram 1500 to the top of field of 18 A standalone brand for 15 years, Ram has earned MotorTrend Truck of the Year seven times Ram 1500 Reigns as MotorTrend 2025 Truck of the Year® ...

Stellantis N.V. NYSE: STLA stock is down over 2% after the announcement that chief executive officer (CEO) Carlos Tavares was resigning, effective immediately. The company says a search is ongoing, and a new CEO is expected to be announced in the first half of 2025. In the interim, an executive committee will run the parent company for brands such as Chrysler, Jeep, Fiat, and Peugeot. Stellantis TodaySTLAStellantis$12.73 +0.22 (+1.76%) 52-Week Range$12.12▼$29.51Price Target$27.34Add to WatchlistHowever, in ...

Core Insights - Stellantis CEO Carlos Tavares resigned abruptly, with disagreements between him and the board cited as a primary reason for his departure [1][2][3] - The board and Tavares had differing views on operational priorities and stakeholder interactions, leading to a lack of consensus on short-term versus long-term strategies [2][3] - Critics have pointed out that Tavares's cost-cutting measures, particularly affecting the Jeep brand, created a facade of success while harming long-term demand in the US market [4] Company Performance - Stellantis's US sales through September 2023 were down 17% compared to the previous year, with significant volume losses in the Jeep and Ram brands [7] - The Jeep brand has lost market share to competitors like Hyundai in the affordable SUV segment [7] Stakeholder Reactions - The departure of Tavares has been viewed positively by US dealers and union leaders, who see it as a necessary step to rebuild trust [5][6] - An open letter from Stellantis's US dealers over the summer criticized Tavares for "reckless short-term decision-making" that led to predictable negative outcomes in the US market [8] - UAW President Shawn Fain expressed that Tavares's exit is a "major step in the right direction" and emphasized the union's commitment to holding Stellantis accountable amid planned layoffs [9][10]

Firing its CEO isn't the only problem Stellantis is facing right now.Stellantis (STLA 1.48%) seemed to be on the path to recovery after the worst of the pandemic, but now that the market has gotten back to a more normalized supply-and-demand environment, the company's sales have dropped. In this video, Travis Hoium shows why strategic difficulties are at the core of Stellantis' problems.*Stock prices used were end-of-day prices of Dec. 2, 2024. The video was published on Dec. 3, 2024. ...

Stellantis N.V. (NYSE:STLA) Goldman Sachs 16th Annual Industrials & Autos Week December 4, 2024 8:20 AM ET Company Participants Doug Ostermann - Chief Financial Officer Conference Call Participants Unidentified Participant – Unidentified Company Unidentified Participant For our next session, which obviously is incredibly well attended, so thank you. I'm delighted to welcome Doug Ostermann, new CFO of Stellantis. Doug has a very extensive career within the automotive industry, and I think that, obviously, gi ...

AUBURN HILLS, Mich., Dec. 4, 2024 /PRNewswire/ --  Dodge Charger Daytona comes to the rescue; "Save the Planet" marketing campaign launches across television and Dodge social media channels Dodge unleashes marketing campaign for the first all-electric vehicle from the brand, the all-new Dodge Charger Daytona Electric vehicles aren't changing what Dodge stands for one tiny bit In true Dodge fashion, the iconic American muscle-car brand comes to the rescue, proclaims that the Dodge Charger Daytona will ...

AUBURN HILLS, Mich., Dec. 4, 2024 /PRNewswire/ --  Wide range of apparel, lifestyle and holiday items are available now From December 3 through December 31, 2024, shoppers can receive free shipping within the continental United States with a purchase of $100 or more* For complete details on holiday and lifestyle gift ideas from Mopar, visit wearmopar.com For Mopar automotive accessories and performance parts, visit mopar.com Mopar is ready to rev up holiday shopping routines with a wide range of brande ...

AUBURN HILLS, Mich., Dec. 3, 2024 /PRNewswire/ -- Chrysler Pacifica and The Elf on the Shelf® create holiday magic together this season. As the official minivan of the holiday season, Chrysler Pacifica and The Elf on the Shelf join together to spread Christmas magic Holiday campaign to run through Christmas Eve across Chrysler brand's Instagram, Facebook and TikTok social media channels Consumers can play along as The Elf on the Shelf, Scout Elf, finds its way into the Chrysler Pacifica and Chrysler P ...