Stellantis said on Wednesday that its net revenues for the first quarter of 2025 stood at €35.8 billion, falling 14% compared to the corresponding quarter last year. The decline was attributed mostly to lower shipment volumes.Consolidated shipments dropped 9% year on year to 1.2 million units....
Stellantis Chairman John Elkann (pictured) on Tuesday warned that current US and European policies could "put the entire industry [on both sides of the Atlantic] at risk." He described the situation as a looming tragedy, citing "painful tariffs and overly strict regulations" that endanger jobs, innovation...
Stellantis has reported consolidated shipments of 1.2 million vehicles globally in the first quarter of 2025, a 9% year-over-year decline, according to a company statement released Friday. The drop was mainly attributed to extended production shutdowns in North America and vehicle transition delays...
Shares of European automakers tumbled on Friday as concerns and insecurity in the auto industry rose after United States President Donald Trump slapped 25% tariffs on all non-US-made vehicles.Following the announcement of auto levies, Stellantis NV decided to temporarily halt production at...
Stellantis NV is temporarily laying off about 5,400 workers as it halts production at two assembly plants in Canada and Mexico in response to new US tariffs targeting the auto industry. The move affects roughly 4,500 hourly employees at the Windsor Assembly Plant in Ontario and 900 US-based...
Stellantis agreed on Wednesday with trade unions for 350 voluntary job cuts at its Pomigliano and Pratola Serra plants in southern Italy.The deal targets employees nearing retirement and follows the company's previously announced plans to streamline operations in the country.According to the Fiom...
United States President Donald Trump in his remarks a the Oval Office confirmed he met with Stellantis N.V. Chairman John Elkann on Monday but said the discussion did not include any request to pause auto tariffs.
Trump said the conversation focused on environmental issues. He also stated that the...
Various European automobile companies observed on Thursday a dip in the prices of their shares after United States President Donald Trump imposed a 25% tariff on all cars made outside the North American country. The European Automobile Manufacturers' Association (ACEA) then warned that the...
Shares of automobile manufacturers in the United States saw significant gains after the White House confirmed that President Donald Trump's administration decided to delay auto tariffs on Canada and Mexico for one month.Press Secretary Karoline Leavitt revealed that earlier in the day US...
White House Press Secretary Karoline Leavitt confirmed on Wednesday at a press briefing that the Trump administration met with automotive industry leaders earlier today, where possible auto tariff delays were discussed."We are going to give a one-month exemption to any autos coming through the...
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