Results for: Stellantis

Dodge’s new all-electric muscle car, the Charger Daytona, is marketed as a powerful alternative to autonomous vehicles, which Dodge calls “self-driving sleep pods.” The vehicle, available in two variants with prices ranging from $59,595 to $73,190, retains the brand’s muscle car aesthetic while boasting impressive horsepower. Its launch comes amidst a challenging period for Stellantis, with declining sales in North America. The car’s success hinges on whether it can capture market share in a growing and competitive EV market.

U.S. stock futures show mixed signals, with Stellantis shares plummeting 8.4% following CEO Carlos Tavares’ unexpected resignation. Several other companies, including Erasca, Super Hi International, and BARK, also experienced significant pre-market drops, impacting investor confidence.

Stellantis CEO Carlos Tavares unexpectedly resigned, leaving the automotive giant facing challenges including declining US sales, high inventory levels, and potential trade war impacts from proposed tariffs. The company, maker of Jeep, Ram, and Chrysler vehicles, is searching for a new CEO, and maintains its 2024 guidance despite the leadership change.

The Battery Workforce Challenge, a public-private partnership between the U.S. Department of Energy, Stellantis, and Argonne National Laboratory, culminates in the distribution of 12 Ram ProMaster EVs to student teams. These teams will design, build, test, and integrate advanced battery packs for these vans, gaining valuable experience in the electric vehicle industry.

Stellantis, the parent company of Chrysler, is recalling over 33,000 Ram 1500 trucks in the U.S. due to a potential issue with the front wheel hub encoder rings, which could disable the electronic stability control system and increase the risk of a crash. This marks the third recall involving a significant number of Ram 1500 vehicles this month.

While Tesla dominates headlines, other auto giants are making significant strides in the evolving automotive landscape. General Motors surpasses expectations with its earnings, Ford continues to invest in hybrid technology, and Stellantis unveils plans for an EV fleet equipped with cutting-edge solid-state batteries. Meanwhile, Worksport is enhancing the pickup experience with innovative tonneau covers and solar-powered solutions, addressing range anxiety and revolutionizing off-grid power. The future of trucks is electrifying, with both established players and newcomers shaping the industry.

Stellantis has invested $29.5 million to upgrade its wind tunnel with Moving Ground Plane (MGP) technology, enabling the company to improve the aerodynamics of its vehicles, particularly its electric vehicles (EVs). This innovative technology, which simulates real-world driving conditions, allows for more precise testing and aerodynamic improvements, ultimately leading to increased EV range and potentially smaller battery sizes.

Stellantis is facing another round of recalls, this time affecting thousands of its Alfa Romeo and Dodge SUVs for potential brake pedal disengagement issues. Additionally, over 30,000 Ram 1500 Classic trucks are being recalled due to concerns about detaching mirror glass. These recalls come on the heels of previous recalls for fire risks in Jeep SUVs and turn signal malfunctions in Ram trucks.

Stellantis, the parent company of Ram, Jeep, Dodge, and Chrysler, is expanding its production of Ram 1500 pickup trucks in Mexico. This move could further strain the company’s relationship with the United Auto Workers (UAW), who fear job losses in the United States. While Stellantis plans to invest in its Michigan factory for electric Ram production, the decision to expand in Mexico has sparked concerns about potential labor cost shifts and the future of U.S. manufacturing jobs.

Stellantis N.V. (STLA) announced plans for CEO Carlos Tavares’ retirement in early 2026 and unveiled a series of management changes, including a new CFO, regional leadership adjustments, and the restructuring of its supply chain. The company also faced recent recalls and lowered its 2024 operating margin outlook.