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☆ Serbia's Vucic says electric Fiat Panda model to be produced in Serbia
▼ + stars: | 2023-12-03 | by ( ) www.reuters.com time to read: +1 min

[1/3] Italian Prime Minister Giorgia Meloni receives an honour guard, while walking with Serbian President Aleksandar Vucic, in Belgrade, Serbia, December 3, 2023. REUTERS/Zorana Jevtic Acquire Licensing RightsBELGRADE, Dec 3 (Reuters) - Serbian President Aleksandar Vucic said on Sunday he expects automaker Stellantis (STLAM.MI) to produce an electric Fiat Panda city car in the central town Kragujevac. Vucic said that the production of electric Panda would boost trade between Italy and Serbia above the current 4.6 billion euros a year. The current generation of the Fiat Panda is built near Naples in Italy, and the new model is expected around mid-2024. Stellantis, created in 2021 through the merger of France's PSA and Fiat Chrysler, and the Serbian government in 2022 signed a 190 million euro deal to produce electric vehicles in the Kragujevac plant which previously produced the Fiat 500L model.

Persons: Giorgia Meloni, Aleksandar Vucic, Zorana, Vucic, Stellantis, Ivana Sekularac, Alvise Armellini, Alison Williams Organizations: Serbian, REUTERS, Rights, Fiat Panda, Fiat, France's PSA, Fiat Chrysler, Thomson Locations: Belgrade, Serbia, Serbian, Kragujevac, Italy, Naples

The United Auto Workers union has once again escalated its strikes against big Detroit automakers, this time adding a factory that makes Ram pickup trucks for Stellantis. No progress was reported with Ford, which last week said it had the best offer of the three. The union went on strike Sept. 15 at one assembly plant from each company. By taking down the Stellantis factory, the union is signaling Ford and GM to improve their offers, Wedbush analyst Dan Ives said. Each time the automakers make an offer, Fain said, they insist it’s the best they can do, only to return days later with a better offer.

Persons: Shawn Fain, Ford, Stellantis, Dan Ives, Fain, ” Ives, “ We’ve, they’ve, ” Fain, ” ____ Koenig Organizations: United Auto Workers, Detroit automakers, Sterling, General Motors, Ford, UAW, Fiat Chrysler, France's PSA Groupe, GM Locations: Sterling Heights , Michigan, Louisville , Kentucky, Stellantis, Dallas

☆ GM to sell electric Cadillac in Switzerland, other European markets
▼ + stars: | 2023-10-05 | by ( Nick Carey | ) www.reuters.com time to read: +2 min

A Cadillac Lyriq electric vehicle (EV) under General Motors is seen during its world premiere on a media day for the Auto Shanghai show in Shanghai, China April 19, 2021. REUTERS/Aly Song/File Photo Acquire Licensing RightsLONDON, Oct 5 (Reuters) - General Motors (GM.N) said on Thursday it would start selling all-electric Cadillac vehicles in Switzerland, the first step in a return to European markets since selling off the Opel and Vauxhall brands in 2017. The Cadillac Lyriq will be the first model available to Swiss drivers, and GM's McQuaid said customers will be able "complete the entire purchase online in a matter of minutes." Electric vehicle (EV) sales are taking off in Europe - more than one in five new cars sold in the European Union in August were fully electric. In 2017, GM sold the Opel and Vauxhall brands, which had lost money for two decades, to France's PSA.

Persons: Aly, Jaclyn McQuaid, GM's McQuaid, BYD, Nick Carey, Paul Simao Organizations: General Motors, Auto Shanghai, REUTERS, Opel, Vauxhall, European Union, Chery, HK, GM, France's PSA, PSA, Fiat Chrysler, Thomson Locations: Shanghai, China, Switzerland, Swiss, Sweden, France, Europe

DETROIT (AP) — The United Auto Workers union on Friday rejected wage and benefit offers from all three Detroit automakers, raising tensions just six days before a strike deadline for 146,000 employees. Union President Shawn Fain told workers in a Facebook Live appearance that he filed proposals from Ford, General Motors and Stellantis in a wastebasket. Stellantis offered wage increases in each year of a new four-year contract totaling 14.5%. To handle inflation, Ford offered cost of living pay that he called severely deficient, while GM and Stellantis offered lump sums. All companies kept tiers of wages for factory workers but lowered the number of years needed to reach full pay, he said.

Persons: Shawn Fain, ”, Fain, Stellantis, counterproposal, GM’s, Mark Stewart, Stewart, ” Fain, “ Organizations: DETROIT, United Auto Workers, Detroit, Union, General Motors, Fiat Chrysler, Ford, France's PSA Peugeot, U.S, GM Locations: Ford, North America, Stellantis

☆ Stellantis wants Italy government support to hit million model mark
▼ + stars: | 2023-07-26 | by ( ) www.reuters.com time to read: +2 min

Companies Stellantis NV FollowMILAN, July 26 (Reuters) - Stellantis CEO Carlos Tavares said a production target of one million vehicles in Italy it is discussing with Rome was well within reach but it could not be a one-sided commitment and the government must support it. "We are not afraid of the one million mark," Tavares told reporters in a post-earnings roundtable. According to some forecasts its output in Italy will likely rise to over 800,000 units this year. Fiat Chrysler, which merged with France's PSA in early 2021 to create Stellantis, last produced over one million vehicles in Italy back in 2017. Reporting by Giulio Piovaccari Editing by Keith WeirOur Standards: The Thomson Reuters Trust Principles.

Persons: Carlos Tavares, Rome, Tavares, Adolfo Urso, Alfa Romeo, Giulio Piovaccari, Keith Weir Organizations: Italy's Industry, Fiat, Alfa, Fiat Chrysler, France's PSA, Thomson Locations: Italy, Rome

☆ Jeep, Dodge maker Stellantis posts first-half revenue jump, confirms 2023 guidance
▼ + stars: | 2023-07-26 | by ( Elliot Smith | ) www.cnbc.com time to read: +1 min

Carmaker Stellantis on Wednesday posted a 12% year-on-year jump in net revenues and 37% spike in net profit for the first half of 2023, boosted by higher shipments. The manufacturer of Jeep, Dodge, Peugeot and other brands recorded second-quarter net revenues of 98.4 billion euros ($108.8 billion) and a net profit of 10.9 billion euros. The company confirmed its 2023 guidance while raising its growth outlook in Europe and the Middle East & Africa from 5% to 7%. Global battery electric vehicle (BEV) and low emission vehicle (LEV) sales were up 24% and 28% year-on-year to 169,000 units and 315,000 units, respectively. "It takes a united effort and open mindset across all our employees to embark on our no-compromise transformation journey while protecting the Company from external challenges."

Persons: Carmaker Stellantis, BEV, Stellantis, Carlos Tavares Organizations: Dodge, Peugeot, Fiat Chrysler, France's PSA Group, Global Locations: Europe, East, Africa, American

☆ Jeep, Dodge maker Stellantis posts first-quarter revenue jump as chip supply eases
▼ + stars: | 2023-05-03 | by ( Elliot Smith | ) www.cnbc.com time to read: +1 min

Attendees view vehicles at the Jeep booth during opening day of the 2023 New York International Auto Show (NYIAS) in New York, on Wednesday, April 7, 2023. Carmaker Stellantis on Wednesday posted a 14% annual rise in first-quarter net revenues as an easing of semiconductor supply chain pressures boosted shipments. The Dutch-headquartered company, formed in 2021 from the merger of Italian-American conglomerate Fiat Chrysler group and France's PSA Group, recorded first-quarter net revenues of 47.2 billion euros ($52 billion). The manufacturer of Jeep, Dodge, Peugeot and other brands said consolidated shipments increased 7% from the first quarter of 2022 to 1.48 million, as a result of "improvement in semiconductor order fulfilment." "Our global footprint and diverse product portfolio means we are well-positioned to continue delivering strong financial performance throughout the year," Chief Financial Officer Richard Palmer said in a statement.

☆ Jeep's CEO doesn't think there are enough raw materials on earth to meet electric-car demand
▼ + stars: | 2023-03-29 | by ( Alexa St. John | Nora Naughton | ) www.businessinsider.com time to read: +4 min

Automakers are already racing to secure limited raw materials. download the app Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy PolicyStellantis' CEO doesn't think there are enough raw materials readily available to meet electric vehicle needs. "The affordability is not there, because the raw materials are scarce and very expensive, and I would add very volatile," Tavares said. Tesla CEO Elon Musk has emphasized just how much of a challenge getting these materials will be for EV-makers. Even mining executives have expressed concern that demand for these materials continues to outstrip the current available supply.

☆ Jeep, Dodge maker Stellantis posts record annual profit, announces $4.47 billion shareholder payout
▼ + stars: | 2023-02-22 | by ( Elliot Smith | ) www.cnbc.com time to read: +1 min

An engine undergoes assembly at the Stellantis Dundee Engine Complex on August 18, 2022 in Dundee, Michigan. Carmaker Stellantis on Wednesday announced record full-year results, reporting a 26% rise in net profit to 16.8 billion euros ($17.9 billion) and a 41% annual jump in global battery and electric vehicle sales. Stellantis CEO Carlos Tavares said the results also demonstrated the effectiveness of the company's electrification strategy in Europe, with 288,000 battery and electric vehicle (BEV) sales in 2022 and 23 BEVs now on the market. This figure is expected to double to 47 models by the end of 2024, and Stellantis is targeting global BEV sales of 5 million by 2030. "We now have the technology, the products, the raw materials, and the full battery ecosystem to lead that same transformative journey in North America, starting with our first fully electric Ram vehicles from 2023 and Jeep from 2024," Tavares said.

☆ Stellantis to reorganise European dealer network from July 2023
▼ + stars: | 2022-11-24 | by ( ) www.reuters.com time to read: +1 min

MILAN, Nov 24 (Reuters) - Franco-Italian carmaker Stellantis (STLA.MI) said on Thursday it would reorganise its European dealers' network in July next year, starting from Austria, Belgium, Luxembourg and the Netherlands. As part of its efforts to cut costs and support investment for electrification, Stellantis last year said it would end all current sales and services contracts with European dealers for all of its 14 brands, from June 2023. Uwe Hochgeschurtz, Stellantis' chief operating officer for the 'Enlarged Europe' area, said the group aimed to promote a "sustainable" distribution model and all stakeholders would benefit. Stellantis said it ran a comparative economic simulation showing that, under the new planned distribution model, dealers would enjoy "at least equivalent profitability" and reduced exposure to risks. A spokesman for the company said Stellantis' light commercial vehicle brands would enter the new distribution structure from Jan. 1, 2024.

☆ Chrysler and Jeep parent Stellantis offering buyouts to some U.S. salaried employees
▼ + stars: | 2022-10-28 | by ( Michael Wayland | ) www.cnbc.com time to read: +3 min

- Newly-created European carmaker Stellantis motored its way January 18, 2021 onto the Paris and Milan stock exchanges. Stellantis -- created by the merger of France's PSA and US-Italian rival Fiat Chrysler -- is the world's fourth-biggest automaker by volume. (Photo by JEFF KOWALSKY / AFP) (Photo by JEFF KOWALSKY/AFP via Getty Images)DETROIT – Jeep and Chrysler parent company Stellantis is offering buyouts to some of its 13,000 U.S. salaried employees, as the automaker attempts to cut jobs and realign its workforce for electric vehicles and software services. A Stellantis spokeswoman declined to say how many domestic salaried employees are eligible for the program, or whether the automaker has a target for how many workers it would like to take the packages. The automaker, which was formed by the merger of Fiat Chrysler and France-based Groupe PSA in January 2021, offered similar buyouts a year ago to pension-eligible employees.

☆ Italian auto groups view 8.4% pay hike request as too high, union says
▼ + stars: | 2022-10-26 | by ( ) www.reuters.com time to read: +2 min

MILAN, Oct 26 (Reuters) - Four auto groups believe pay increase requests proposed by Italian unions, including a 8.4% annual rise for next year, is too high, the UILM union said on Wednesday as talks got underway. The FIM-CISL, UILM, Fismic, UGLM and AQCF unions also requested wage increases of 4.5% for 2024 and 2.5% for 2025 to help workers recover purchasing power lost due to a Europe-wide spike in consumer price inflation. He added Stellantis considered the new contract it is discussing with unions a "valuable tool" to achieve its competitiveness ambitions in Italy. Unions and the companies have scheduled seven more meetings to be held between mid-November and mid-December. Reporting by Giulio Piovaccari Editing by Cristina Carlevaro, Mark Potter and David GregorioOur Standards: The Thomson Reuters Trust Principles.

☆ Italian unions to start wage talks next week with Stellantis, Ferrari
▼ + stars: | 2022-10-20 | by ( Giulio Piovaccari | ) www.reuters.com time to read: +2 min

MILAN, Oct 20 (Reuters) - Italy's unions will meet representatives of companies including carmakers Stellantis (STLA.MI) and Ferrari (RACE.MI) on Oct. 26 to start talks over wage increases, a senior official from the UILM union said on Thursday. On Wednesday FIM-CISL, UILM, Fismic, UGLM and AQCF unions said their delegates had approved a proposal presented last week by their leaders for new four-year contracts for most workers in Italy at Stellantis, Ferrari, Iveco (IVG.MI) and CNH Industrial (CNHI.MI). The proposal includes a request for a wage increase of 8.4% for next year to counter rising inflation. Register now for FREE unlimited access to Reuters.com RegisterThe meeting will be held next Wednesday morning in the northern city of Turin where Stellantis, Iveco and CNH Industrial have their Italian headquarters. Register now for FREE unlimited access to Reuters.com RegisterReporting by Giulio Piovaccari Editing by Keith WeirOur Standards: The Thomson Reuters Trust Principles.

☆ Italy unions to pursue 8.4% wage claim at Stellantis and Ferrari
▼ + stars: | 2022-10-19 | by ( ) www.reuters.com time to read: +2 min

Stellantis logo is seen on the company's headquarters in Poissy near Paris, France, February 20, 2022. REUTERS/Gonzalo FuentesMILAN, Oct 19 (Reuters) - Italian union delegates on Wednesday approved a proposal presented by their leaders to seek a wage rise of 8.4% for next year at Stellantis, Ferrari, Iveco and CNH Industrial, setting the scene for formal talks with the industrial groups. Consumer prices rose 8.9% year on year in Italy in September and workers are seeking higher wages in response. Leftist union FIOM is not part of these talks and has presented its own separate requests. Register now for FREE unlimited access to Reuters.com RegisterReporting by Giulio Piovaccari; editing by Agnieszka Flak and Keith WeirOur Standards: The Thomson Reuters Trust Principles.

The logo of Ferrari is seen in the headquarters as CEO Benedetto Vigna unveils the company's new long term strategy, in Maranello, Italy, June 15, 2022. They cover almost 70,000 workers in Italy, two thirds of them at the former Fiat-Chrysler, which last year merged with France's PSA to create Stellantis, whose brands also include Peugeot and Jeep. Spokespeople for Stellantis and Iveco said they would not make any comment until unions have filed a formal request, in coming days or weeks. The Agnelli family's holding company Exor (EXOR.AS) is a major shareholder in carmakers Stellantis and Ferrari, truckmaker Iveco and agricultural and construction machine maker CNH Industrial. This is separate from a national contract for workers in other parts of the metal and mechanical sector.

☆ Stellantis invests in Turin as part of switch to electric
▼ + stars: | 2022-09-20 | by ( Giulio Piovaccari | ) www.reuters.com time to read: +2 min

REUTERS/Massimo Pinca/File PhotoTURIN, Italy, Sept 20 (Reuters) - Stellantis (STLA.MI)signalled its commitment to the historic carmaking city of Turin on Tuesday with an investment to boost its role in electric vehicle production and as a centre for the recycling of cars and their parts. The Franco-Italian group signed an agreement with its partner Punch Powertrain to increase production of electrified dual-clutch transmissions (eDCT) for hybrid and plug-in hybrid electric vehicles at its Mirafiori plant in Turin, the carmaker said on Tuesday. Chief Executive Carlos Tavares said the company was investing upwards of 10 million euros in the gearbox upgrade, without giving a precise figure. Turin is the historic home of Fiat which merged with France's PSA last year to form Stellantis. At full production, the Mirafiori and Metz facilities together will supply all relevant Stellantis manufacturing sites in Europe.

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