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Renault agrees deal with unions on remote working
  + stars: | 2021-06-18 | by ( ) www.reuters.com sentiment -0.97   time to read: +1 min
The logo of carmaker Renault is pictured at a dealership in Vertou, near Nantes, France, January 13, 2021. The hybrid system will be voluntary and based on two days of working from home per week, with an additional day at the manager's discretion, Renault added. The company expects 20,000 staff in France to be eligible to take up the offer of remote working which will cover most roles apart from front-line production. Rival carmaker Stellantis (STLA.MI), the maker of Peugeot and Citroen cars, has agreed similar arrangements with its French workers. Reporting by Gilles Guillaume Writing by Keith Weir; Editing by Jon BoyleOur Standards: The Thomson Reuters Trust Principles.
Persons: Stephane Mahe, Carmaker, carmaker, Gilles Guillaume, Keith Weir, Jon Boyle Organizations: Renault, REUTERS, Carmaker Renault, Peugeot, Citroen, Thomson Locations: Vertou, Nantes, France
France's Citroen charged with consumer fraud over dieselgate probe
  + stars: | 2021-06-10 | by ( ) www.reuters.com sentiment -0.99   time to read: +1 min
The logo of Citroen is seen on a new electric car AMI during a media presentation in Paris, France, August 25, 2020. REUTERS/Charles PlatiauCarmaker Stellantis (STLA.MI) said on Thursday that its French Citroen unit had been charged with consumer fraud by French prosecutors in a far-reaching diesel emissions probe. Citroen would have to make a deposit of 8 million euros and provide a bank guarantee of 25 million euros for potential compensation for losses, Stellantis said in a statement. Renault (RENA.PA), Peugeot, owned by Stellantis, and Volkswagen France, the French unit of German carmaker Volkswagen (VOWG_p.DE), have also been charged in France over the dieselgate investigation. Several carmakers in Europe have come under scrutiny since the Volkswagen "dieselgate" scandal which erupted in 2015 over test-cheating in the United States, at a time when regulators are becoming ever tougher on pollution standards.
Persons: Charles Platiau Carmaker, Stellantis Organizations: Citroen, AMI, REUTERS, French Citroen, Renault, Peugeot, Stellantis, Volkswagen France, Volkswagen, Thomson Locations: Paris, France, French, Europe, United States
Peugeot Is Latest Auto Maker Charged in French Emissions-Fraud Probe
  + stars: | 2021-06-10 | by ( Nick Kostov | ) www.wsj.com sentiment -0.89   time to read: +1 min
PARIS—Peugeot has become the latest auto maker to face preliminary charges in France on suspicion of emissions fraud, extending the fallout from a yearslong scandal that engulfed the industry after Volkswagen AG admitted to cheating in pollution tests. The probe related to the sale of diesel vehicles in France between 2009 and 2015. Two other Stellantis subsidiaries, Fiat Chrysler and Citroën, have been summoned to appear before a court in Paris in the coming weeks as part of the same investigation, the company said. All three subsidiaries “firmly believe that their emission control systems met all applicable requirements at the relevant times and continue to do so,” Stellantis said. A French judicial official confirmed the filing of preliminary charges, which allege Peugeot engaged in fraudulent practices that made its diesel-powered vehicles dangerous to human and animal health.
Persons: ” Stellantis, Peugeot Organizations: PARIS, Peugeot, Volkswagen AG, Stellantis, Fiat Chrysler Locations: France, Paris
France charges Peugeot with consumer fraud in diesel emissions probe
  + stars: | 2021-06-09 | by ( Reuters Staff | ) www.reuters.com sentiment -0.98   time to read: +2 min
(Reuters) - Stellantis said on Wednesday a French court has charged its Peugeot unit with consumer fraud in a far-reaching diesel emissions probe, ordering the company to provide 30 million euros ($36 million) in guarantees for potential payouts. FILE PHOTO: The logo of French car manufacturer Peugeot is seen at Brussels Motor Show, Belgium January 9, 2020. The Peugeot investigation focuses on older diesel vehicles sold in France between 2009 and 2015 and stems from a wider probe French authorities launched in 2017 over alleged emissions test cheating by diesel vehicle manufacturers. Several European carmarkers have come under scrutiny since the Volkswagen “dieselgate” scandal which erupted in 2015 over test cheating in the United States. A French court on Tuesday charged carmaker Renault with alleged deception and test manipulation of some of its older diesel vehicles.
Persons: Stellantis, Francois Lenoir, Peugeot, , carmaker Organizations: Reuters, Peugeot, REUTERS, Citroen, FCA Italy, Fiat Chrysler, French PSA Group, Volkswagen, carmaker Renault, Renault, U.S Locations: Brussels, Belgium, Paris, France, United States
Stellantis discussing conditions with Rome to build gigafactory in Italy - source
  + stars: | 2021-06-01 | by ( ) www.reuters.com sentiment -0.99   time to read: +2 min
REUTERS/Gonzalo Fuentes/File PhotoStellantis (STLA.MI), is discussing conditions with Rome to build a gigafactory in Italy as part of the carmaker's plan to support its expansion into electric mobility, a source close to the matter said on Tuesday. These conditions will have to be studied with Italian authorities," the source said, adding that nothing had yet been decided. In its 205 billion euro ($251 billion) recovery plan, Italy will spend almost 24 billion euros on the transition to cleaner energy and sustainable mobility. As part of this, Rome plans to invest one billion euros to enhance its battery, and solar and wind power industries. "An exchange took place on the principle of the coverage of Stellantis needs in batteries, and given the group produces numerous vehicles in Italy, there would be a shared interest in discussing the conditions of a gigafactory in Italy," the source said.
Persons: Gonzalo Fuentes, Stellantis, Carlos Tavares, John Elkann, Giancarlo Giorgetti Organizations: REUTERS, Fiat Chrysler, Peugeot, PSA, Thomson Locations: Saint, Yvelines, Paris, France, Rome, Italy, Stellantis, Europe, United States, Germany, TotalEnergies
MILAN (Reuters) -Carmaker Stellantis will completely restructure its European dealers network as it seeks to adapt to changes in the industry brought by electrification, including a boom in online sales, and achieve promised post-merger synergies. FILE PHOTO: A DS 4 automobile, produced by Stellantis, stands on display during its launch event in Paris, France, February 3, 2021. Stellantis will end all current sales and service contracts with European dealers for its 14 brands, with effect from June 2023, it said in a statement seen by Reuters on Thursday. It was however unclear whether the process would bring to a reduction of Stellantis’ network in Europe. Stellantis said the decision was also taken in anticipation of upcoming regulatory changes in the industry.
Persons: Benoit Tessier, Stellantis, Carlos Tavares, carmaker, Dodge, CECRA Organizations: MILAN, REUTERS, Fiat Chrysler, Peugeot, PSA, Reuters, Maserati, Austrian Supreme Locations: Paris, France, Europe, United States, Austrian
Stellantis, Foxconn to form car technology JV focused on connectivity
  + stars: | 2021-05-18 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: +1 min
Slideshow ( 4 images )MILAN (Reuters) -Carmaker Stellantis and iPhone assembler Foxconn said on Tuesday they plan to create a joint venture to supply in-car and connected-car technologies across the auto industry. The two companies have signed a non-binding memorandum of understanding to form Mobile Drive, a 50-50 joint venture based in the Netherlands, focused on infotainment, telematics and cloud service platform development. The software developed will include artificial intelligence-based applications, 5G communication, upgraded over-the-air services, e-commerce opportunities and smart cockpit integrations, they added. Finalisation of that deal was delayed by merger talks between Fiat Chrysler and France’s Peugeot maker PSA, which led to the creation of Stellantis, the world’s fourth-largest carmaker, at the start of this year. Milan-listed shares in Stellantis were up 1.5% by 1013 GMT, slightly outperforming Milan’s blue-chip index.
Persons: Hai Organizations: Fiat Chrysler, Hai Precision Industry, France’s Peugeot, PSA, Milan Locations: MILAN, Netherlands, Stellantis, China
Stellantis, Foxconn to form joint venture for connectivity solutions
  + stars: | 2021-05-18 | by ( ) www.cnbc.com sentiment -0.52   time to read: 1 min
Workers install a flag with the logo of Stellantis, the world's fourth-largest automaker which starts trading in Milan and Paris after Fiat Chrysler and Peugeot maker PSA finalised their merger, at the main entrance of FCA Mirafiori plant in Turin, Italy, January 18, 2021. Carmaker Stellantis and iPhone assembler Foxconn said on Tuesday they plan to create a joint venturethat will supply in-car and connected-car technologies. The two companies have signed a non-binding memorandum of understanding to form Mobile Drive, a 50-50 joint venture based in the Netherlands. Mobile Drive will operate as an automotive supplier, and take part in tenders to provide software solutions and related hardware for Stellantis and other interested automakers, the companies said in a joint statement.
Persons: Carmaker Organizations: Fiat Chrysler, Peugeot, PSA, Mobile Locations: Milan, Paris, Turin, Italy, Netherlands
London (CNN Business) Foxconn is partnering with automaker Stellantis to develop technology for vehicle cockpits, in the latest sign of the iPhone maker's ambitions to grow in electric car manufacturing. The 50/50 joint venture, known as "Mobile Drive," brings together Foxconn's might in mobile software and consumer electronics with Stellantis' vehicle design and engineering expertise to create a user experience akin to using a smartphone. Mobile Drive will enable a "personalized and upgradable cockpit," with features such as biometric recognition, artificial intelligence, remote command and augmented reality, Stellantis chief software officer Yves Bonnefont said at a press conference. Stellantis was formed from the merger of Fiat Chrysler and France's PSA Group. While Foxconn will initially develop smart cockpit solutions for Stellantis brands, the plan is to sell the technology to other carmakers.
Persons: Foxconn, Stellantis, Yves Bonnefont, Ram, Alfa Organizations: London, CNN, Fiat Chrysler, France's PSA Group, Peugeot, Dodge, Alfa Romeo
Stellantis and Foxconn to announce strategic partnership on Tuesday
  + stars: | 2021-05-17 | by ( ) www.reuters.com sentiment -0.86   time to read: +1 min
REUTERS/Ann WangAutomaker Stellantis (STLA.MI) and iPhone (AAPL.O) assembler Foxconn (2317.TW) said on Monday they would announce a strategic partnership on Tuesday. Fiat Chrysler merged with France's Peugeot maker PSA at the beginning of the year to create Stellantis, the world's fourth-largest carmaker, to relaunch in China as one of its main goals. The two companies will hold a conference call on Tuesday to present the partnership, with Stellantis Chief Executive Carlos Tavares and Foxconn Chairman Young Liu among others, the groups said in a joint statement. In January Taiwan's Foxconn and China's Zhejiang Geely Holding Group [RIC:RIC:GEELY.UL] said they were joining hands to provide contract manufacturing for automakers. read moreThey have said they were in talks to provide contract manufacturing services to electric vehicle maker Faraday Future, while Foxconn will also help building electric sport-utility vehicles in 2022 for Chinese startup Byton.
Persons: Ann Wang, Stellantis, Hai, Carlos Tavares, Young Liu, Taiwan's Foxconn, Foxconn Organizations: REUTERS, Fiat Chrysler, Hai Precision Industry, France's Peugeot, PSA, Stellantis, Zhejiang Geely Holding, Faraday, Thomson Locations: Taipei, Taiwan, Stellantis, China, Zhejiang
Stellantis to detail Foxconn strategic partnership on Tuesday
  + stars: | 2021-05-17 | by ( Giulio Piovaccari | ) www.reuters.com sentiment -0.98   time to read: +2 min
Carmaker Stellantis (STLA.MI) and Foxconn (2317.TW) said they plan to announce a strategic partnership on Tuesday, adding to a string of such deals by the Taiwanese iPhone (AAPL.O) assembler. Taiwan's Foxconn and China's Zhejiang Geely Holding Group said in January they were joining forces to provide contract manufacturing for automakers including electric vehicle maker Faraday Future. REUTERS/Ann WangFoxconn will also help build electric sport-utility vehicles in 2022 for Chinese startup Byton. Stellantis and Foxconn will hold a call on Tuesday to present the partnership, with Stellantis Chief Executive Carlos Tavares and Foxconn Chairman Young Liu among others, they said in a joint statement, without providing further details. Stellantis shares were up 1.5% at 1500 GMT, compared with a 0.5% rise for Milan bourse blue chip index (.FTMIB).
Persons: Carmaker Stellantis, Hai, Taiwan's, Ann Wang Foxconn, Carlos Tavares, Young Liu Organizations: Fiat Chrysler, Hai Precision Industry, France's Peugeot, PSA, Zhejiang Geely Holding, Faraday, REUTERS, Stellantis, Milan bourse, Thomson Locations: Stellantis, China, Zhejiang, Taipei, Taiwan, U.S, Milan
REUTERS/Regis Duvignau//File Photo(Reuters) - Stellantis Chief Executive Carlos Tavares said on Thursday each of the automaker’s 14 car brands will receive funding over the next 10 years to prove themselves. “For the time being, we love them all and you cannot kill what you love,” Tavares said at an Automotive News conference in answer to a question whether the automaker needs so many brands. “We are giving a 10-year visibility for each brand CEO in terms of product planning and funding.”Stellantis was created from the merger of France’s PSA and Italian-American automaker Fiat Chrysler. Its brands include Peugeot, Citroen, Fiat, Chrysler, Jeep, Ram, Maserati, Alfa Romeo and others. “We are now negotiating and changing very many things at core,” he said.
Persons: Carlos Tavares, Regis Duvignau, ” Tavares, ” Stellantis, Ram, Alfa Romeo, Tavares, , Stellantis Organizations: PSA Group, Paris Auto, REUTERS, Automotive, France’s PSA, Fiat Chrysler, Peugeot, Citroen, Fiat, Chrysler, Jeep, Maserati Locations: Paris, France, American, China
Stellantis CEO says semiconductor crisis hitting carmakers “hard and strong”
  + stars: | 2021-05-12 | by ( ) www.reuters.com sentiment -0.99   time to read: +2 min
The logo of Stellantis is seen on a company's building in Velizy-Villacoublay near Paris, France, May 5, 2021. REUTERS/Gonzalo FuentesA global crisis in microchip supply was hitting the automotive industry "hard and strong," Stellantis (STLA.MI) CEO said on Wednesday, and carmakers would have to completely rethink semiconductor supply chains. "The longer the chip crisis lasts, the harder it will be to sustain the auto industry's current business model," Stellantis boss Carlos Tavares told an FT web conference. "It's hard to sell a 30,000 euro battery electric car when people can buy the correspondent traditional model for half the price." "I don't think autonomous drive will ever take over completely, there will always be room for the pleasure of driving."
Persons: Gonzalo Fuentes, carmakers, Carlos Tavares, Tavares, Stellantis, Lancia Organizations: REUTERS, Stellantis, carmakers, Fiat Chrysler, Peugeot, PSA, Alfa Romeo, Thomson Locations: Velizy, Villacoublay, Paris, France
David Paul Morris | Bloomberg | Getty ImagesThe severity of the global chip shortage has gone up a notch over the last few weeks and it's now looking as though millions of people will be impacted. South Korean tech giant Samsung said last week that the chip shortage is hitting television and appliance production, while LG admitted the shortage is a risk. Stellantis, the world's fourth biggest car maker, said on Wednesday that the chip shortage had gotten worse in the last quarter. Some carmakers are now leaving out high-end features as a result of the chip shortage, according to a Bloomberg report on Thursday. An Enterprise spokesperson said the global chip shortage "has impacted new vehicle availability and deliveries across the industry at a time when demand is already high."
Persons: David Paul Morris, Ben Suh, Samsung's, Koh Dong, there's, Russell Caldwell, Richard Palmer, Ram Trucks, Ram, Hertz, Patrick Armstrong, Infineon, Reinhard Ploss, CNBC's, Ploss Organizations: Devices Inc, Bloomberg, Getty, Samsung, LG, Financial Times, CNBC, The Washington Post, Auto, Ford, Volkswagen, Jaguar, Rover, Fiat Chrysler, Peugeot, PSA, Nissan, Renault, Hertz, Enterprise, Taiwan Semiconductor Manufacturing, Plurimi Investment, BMW, Tech Locations: San Francisco , California, U.S, Korean, Illinois, Garden, China, Rebel
That includes 17,000 employees in North America, a majority of whom work near Detroit, Shannon Dziuda, lead of human resources special projects for Stellantis North America, told CNBC. Under the plan, the company anticipates employees blending remote and in-office work to average 70% remote and 30% on-site, she said. It does not include hourly manufacturing workers or salaried employees who need to be physically present in labs or elsewhere to do their jobs. Following it, Dziuda said Stellantis will make modifications to work areas and offices to meet the expected needs of all employees operating on the new hybrid scheduling. About 15,000 people work at the North America headquarters and tech center, including 12,000 salaried employees.
Persons: Massimo Pinca, Shannon Dziuda, Dziuda, Stellantis Organizations: Fiat Chrysler, Peugeot, PSA, Reuters DETROIT, Stellantis North, CNBC, General Motors, Ford, GM, Employees, North America Locations: Milan, Paris, Turin, Italy, North America, Detroit, Stellantis North America, Auburn Hills , Michigan
The goal is to have a majority of the company's salaried employees work remotely most of the time. That includes 17,000 employees in North America, a majority of whom work near Detroit, Shannon Dziuda, lead of human resources special projects for Stellantis North America, told CNBC. Under the plan, the company anticipates employees blending remote and in-office work to average 70% remote and 30% on-site, she said. It does not include hourly manufacturing workers or salaried employees who need to be physically present in labs or elsewhere to do their jobs. About 15,000 people work at the North America headquarters and tech center, including 12,000 salaried employees.
Persons: Massimo Pinca, Shannon Dziuda, Dziuda, Stellantis Organizations: Fiat Chrysler, Peugeot, PSA, Reuters DETROIT, Stellantis North, CNBC, General Motors, Ford, GM, North America Locations: Milan, Paris, Turin, Italy, North America, Detroit, Stellantis North America, Auburn Hills , Michigan
MILAN (Reuters) -Stellantis expects a global semiconductor chip shortage will take a bigger bite out of production in the second quarter and warned the disruption to the auto industry could last into 2022. Slideshow ( 2 images )Chip shortages cut around 11% of Stellantis’ planned production in the first quarter. Ford Motor Co warned last week the shortage could halve its production in the second quarter. Stellantis said its first quarter revenues rose 14% to 37 billion euros ($44.5 billion) on a pro-forma basis. That compares with analyst expectations of 34.9 billion euros, according to a Reuters poll.
Persons: Massimo Pinca, Stellantis, Richard Palmer, , Palmer, ” Palmer Organizations: MILAN, Stellantis, Fiat Chrysler, Peugeot, PSA, REUTERS, American Fiat Chrysler, France’s PSA, Citi, Ford Motor, Cherokee Locations: Milan, Paris, Turin, Italy, American
Capital Calls: Stellantis maiden voyage enters stormier waters
  + stars: | 2021-05-05 | by ( ) www.reuters.com sentiment -0.98   time to read: +1 min
A DS 4 automobile, produced by Stellantis, stands on display during its launch event in Paris, France, February 3, 2021. Despite big challenges in electric cars and China, boss Carlos Tavares is at least starting from relatively solid ground. First-quarter revenue rose 14% to 37 billion euros year-on-year, faster than a 6% rise at Ford in the same period. If Tavares can repeat that in forthcoming quarters, sales would approach 150 billion euros by year-end. That’s 11 billion euros in operating profit, assuming Stellantis hits a 7.5% operating margin target.
Persons: Richard Palmer, Carlos Tavares, Tavares, Lisa Jucca Organizations: Peugeot, Fiat Chrysler, Ford, ANZ Locations: Paris, France, China
Live General Motors Reports $3 Billion Profit Despite Chip Shortage: Live Updates RIGHT NOW Stock markets are rising as data shows a stronger economy. made $3 billion profit in the first quarter but expects a chip shortage to hurt business. The company forecasts net income for the first half of the year would total about $3.5 billion, implying a profit of around $500 million in the second quarter. Stellantis said its production in the first quarter was 11 percent lower than planned because of the chip shortage, and it also warned that the second quarter would be weaker than the first. Apple’s lawyers argued that Epic had attacked App Store fees to shore up a slowing business.
Persons: Nathan Denette, Associated Press General Motors, , Mary Barra, Stellantis, Alessandro Grassani, Janet L, Yellen, , Nicola Nobile, Biden, Kamala Harris, Isabel Guzman, Doug Mills, , Tim Sweeney, Ethan Swope, Daniel Vogel, Vogel, , Apple, Yvonne Gonzales Rogers, Epic’s, Mr, Sweeney, Katherine Forrest, Moore, Benjamin Simon, Yoga, Simon, ’ ”, ” Dogecoin, Elon Musk, Dogecoin, Vitalik, Trump, Donald J, Erin Schaff, Cecilia Kang, Mark Zuckerberg, Facebook’s Organizations: General Motors, Stock, Credit, Canadian Press, Associated Press General, Peugeot SA, Fiat Chrysler, The New York Times Futures, Federal Reserve, Brent, West Texas, IHS Markit, Oxford Economics, PSA, Peugeot, Small Business Administration, New York Times, National Association of Government, Congress, Lawmakers, Small, Apple, Epic, Getty, Google, California’s, The New York Times Facebook, Facebook, The New York Times Locations: Ontario, Milan, Italy, Europe, Britain, United States, Oakland, Calif, Cravath, Ethereum, London
Stellantis to hit emissions target without Tesla's help, says CEO
  + stars: | 2021-05-04 | by ( Reuters Staff | ) www.reuters.com sentiment -0.94   time to read: +2 min
(Reuters) - Franco-Italian carmaker Stellantis expects to achieve its European carbon dioxide (CO2) emissions targets this year without environmental credits bought from Tesla, its CEO said in an interview published on Tuesday. European regulations require all car manufacturers to reduce CO2 emissions for private vehicles to an average of 95 grams per kilometre this year. A Stellantis spokesman said the company is in discussions with Tesla about the financial implications of the decision to stop the pooling agreement. Tesla’s sales of environmental credits to rival automakers helped it to announce slightly better than expected first-quarter revenue this week. The next tightening of European regulations will soon be the subject of proposals from the European Commission.
Persons: Stellantis, Massimo Pinca Stellantis, ” Stellantis, Carlos Tavares, Tesla Organizations: Reuters, Tesla, Fiat Chrysler, Peugeot, PSA, REUTERS, France’s PSA, Italy’s FCA, Groupe PSA, FCA, European Commission Locations: Milan, Paris, Turin, Italy, U.S, Le, ” California, Europe
Around the world, auto assembly lines are going quiet, workers are idle and dealership parking lots are looking bare. A shortage of semiconductors, the tiny but critical chips used to calibrate cars’ fuel injection, run infotainment systems or provide the brains for cruise control, has sent a shudder through the automaking world. A General Motors plant in Kansas City closed in February for lack of chips, and still hasn’t reopened. Mercedes-Benz has begun to hoard its chips for expensive models and is temporarily shutting down factories that produce lower-priced C-Class sedans. The French automaker Peugeot, part of the newly formed Stellantis automaking empire, has gone so far as to substitute old-fashioned analog speedometers for digital units in some models.
Organizations: General, Mercedes, Benz, Porsche, French, Peugeot Locations: Kansas City, United States
Stellantis launches Fiat e-Ducato, the group's first electric large van
  + stars: | 2021-04-22 | by ( Reuters Staff | ) www.reuters.com sentiment -0.97   time to read: +1 min
Slideshow ( 2 images )MILAN (Reuters) - Stellantis on Thursday launched its first fully electric large van, the Fiat e-Ducato, as part of its bid to expand its range of battery electric and hybrid vehicles. Stellantis has said it would offer electric versions of almost all of its European line-up by 2025, as the auto industry faces regulatory pushes in Europe and China to accelerate the shift to zero-emission vehicles. The e-Ducato is produced in Atessa, Stellantis’ only plant in Italy running almost at full capacity, but will have its electric powertrain installed in Turin’s Mirafiori. Stellantis, formed at the start of this year through the merger of Fiat Chrysler and Peugeot maker PSA, is Europe’s largest light commercial vehicle maker. It already offers full electric versions of medium-sized vans and said it would start deliveries in Europe of its first medium-sized vans powered by hydrogen fuel cells by the end of this year.
Persons: Stellantis Organizations: Fiat, Stellantis, Peugeot, Opel, Citroen, Fiat Chrysler, PSA Locations: MILAN, Europe, China, Atessa, Italy, Mirafiori
Jaguar Land Rover output at two UK plants hit by chips shortage
  + stars: | 2021-04-22 | by ( ) www.reuters.com sentiment -1.00   time to read: +1 min
A car hangs on the wall of Jaguar's Castle Bromwich manufacturing facility in Birmingham, Britain, November 17, 2016. "We have adjusted production schedules for certain vehicles which means that our Castle Bromwich and Halewood manufacturing plants will be operating a limited period of non-production from Monday 26th April," the Tata Motors-owned company said. read moreRenault's finance chief said on Thursday that car production fell by tens of thousands of vehicles in the first quarter as a result of the shortage. read moreOutput at JLR's third British car factory in Solihull, central England, will continue, the company said. "We are working closely with affected suppliers to resolve the issues and minimise the impact on customer orders wherever possible."
Persons: Darren Staples, carmaker Organizations: REUTERS, Tata Motors, Peugeot, Thomson Locations: Jaguar's Castle Bromwich, Birmingham, Britain, Bromwich, Solihull, England
Stellantis scraps digital speedometers for Peugeot car in chips shortage
  + stars: | 2021-04-21 | by ( ) www.reuters.com sentiment -0.98   time to read: +2 min
A Peugeot 308 car is displayed during a media preview day at the Frankfurt Motor Show (IAA) September 10, 2013. REUTERS/Ralph OrlowskiCarmaker Stellantis (STLA.MI) said on Wednesday it would replace digital speedometers with more old-fashioned analogue ones in one of its Peugeot models, in a fallout from a global shortage of semiconductor chips that is roiling the auto industry. The COVID-19 pandemic drove up demand for semiconductor chips for use in electronics like computers, as people worked from home, and suppliers are struggling to adjust. The traditional speedometers on Peugeot 308 cars should start appearing in vehicles by the end of May, the company said, while Stellantis is keeping chips for digital dashboards on its most popular models, like the Peugeot 3008 SUV. The current Peugeot 308 is due to be phased out in the autumn, and the next generation of this vehicle will be produced with digital speedometers at a different factory, in Mulhouse.
Persons: Ralph Orlowski Carmaker, Stellantis, LCI, Peugeot Organizations: Peugeot, Frankfurt, REUTERS, Chrysler, Citroen, France's PSA, Fiat, Reuters, Manufacturing, Sochaux, Ford Motor, Volkswagen, Thomson Locations: American, Mulhouse
U.S indicts two more Fiat Chrysler managers in diesel emissions probe
  + stars: | 2021-04-20 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: 1 min
FILE PHOTO: The logo of Stellantis, the world's fourth-largest automaker which starts trading in Milan and Paris after Fiat Chrysler and Peugeot maker PSA finalised their merger, is seen as workers stand on a crane at the main entrance of FCA Mirafiori plant in Turin, Italy, January 18, 2021. REUTERS/Massimo PincaWASHINGTON (Reuters) - The U.S. Justice Department on Tuesday said two Fiat Chrysler senior managers in Italy had been indicted in the ongoing probe into diesel emissions cheating at the Italian-American automaker. The company, which is now known as Stellantis NV, in January 2019 agreed to an $800 million settlement to resolve civil claims that it used illegal software which produced false results on diesel-emissions tests in more than 100,000 vehicles. The Justice Department’s criminal investigation into the company is pending.
Persons: Massimo Pinca WASHINGTON Organizations: Fiat Chrysler, Peugeot, PSA, REUTERS, U.S . Justice Locations: Milan, Paris, Turin, Italy, American
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