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☆ Jeep Maker Stellantis Downshifts Ambitions in China
▼ + stars: | 2022-12-17 | by ( Ryan Felton | ) www.wsj.com time to read: 1 min

When he took over Jeep maker Stellantis NV nearly two years ago, Chief Executive Carlos Tavares made it among his top priorities to jump-start the auto maker’s China business. Now, he is scaling back those ambitions. Stellantis, which was formed through the merger of France’s PSA Group and Fiat Chrysler Automobiles NV in January 2021, had given priority to efforts to boost its relatively meager sales in China. Mr. Tavares said shortly after the merger that Stellantis would remain in the country long term and would devise a strategy to become successful in the world’s largest car market by vehicle sales.

☆ American Airlines is dropping regional carrier Mesa, citing financial and operational problems
▼ + stars: | 2022-12-17 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

American Airlines is dropping Mesa Air , citing concerns about its partner's financial and operational problems, an enormous blow to the regional airline that was struggling with increasing costs and the industry's pilot shortage. "American and Mesa agree the best way to address these concerns is to wind down our agreement." Large carriers like American, United Airlines and Delta Air Lines routinely contract regional airlines to fly many shorter routes and they account for roughly half of departures, though that number varies by airline. American plans to concentrate its flying with its wholly owned regional subsidiaries like Envoy and PSA, as well as an independent regional carrier SkyWest . The final Mesa flight for American will be on April 3 though American is slashing Mesa flights in March, Kerr said in his note.

☆ Miami firefighter who allegedly punched handcuffed patient on camera: 'Consider my actions public education and this video a PSA'
▼ + stars: | 2022-12-14 | by ( Antonio Planas | Antonio Planas Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +2 min

“If he never knew the consequence of spitting in a grown man’s face, then consider my actions public education and this video a PSA,” Robert Webster told NBC Miami on Tuesday. "The City of Miami Department of Fire-Rescue was made aware of a video released of an incident involving a Miami Firefighter," the statement said. NBC Miami also reported the video, which had no audio, lasted about 40 seconds. NBC Miami obtained a police report of the incident and reported Cruz was “agitated and screaming to the rescue personnel,” according to the police report. Miami police on Wednesday were emailed questions about the incident, video and the police report, but did not immediately respond.

☆ Exclusive: Temasek's PSA evaluates multi-billion dollar exit from Hutchison Ports-sources
▼ + stars: | 2022-12-09 | by ( Anshuman Daga | ) www.reuters.com time to read: +2 min

SINGAPORE, Dec 9 (Reuters) - Port operator PSA International, fully owned by Singapore state investor Temasek Holdings, is considering selling its multi-billion dollar, 20% stake in the ports business of CK Hutchison Holdings (0001.HK), two sources familiar with the matter told Reuters. PSA, the world's second-biggest container terminal operator, whose global network encompasses 160 locations in 42 countries, had acquired the stake in the Hong Kong-based conglomerate's ports business for $4.4 billion in 2006. Both Temasek and CK Hutchison, the conglomerate of retired billionaire Li Ka-shing, declined to comment. Temasek reported a nearly 6% rise in its portfolio value to a record S$403 billion ($297 billion) in the year to March 2022. Economic conditions have worsened since then, with global markets selling off along with a sharp increase in interest rates.

☆ Pilot pay is skyrocketing in the airline industry and it could keep airfare sky high
▼ + stars: | 2022-12-07 | by ( Taylor Rains | ) www.businessinsider.com time to read: +5 min

Pilots are seeing big pay bumps across the industry. Taylor Rains/InsiderDelta Air Lines and its pilot union have come to a preliminary agreement to increase wages by over 30%. Pilot pay raises could increase airfare as labor is the number one cost for airlines. But pilot pay raises may be a more effective way to attract and retain talent. Increased pay could mean higher faresAs more major carriers potentially solidify additional pay raises, it's possible the industry's already high airfare could increase even more as labor is the number one cost for airlines.

☆ Keke Palmer reveals baby bump as part of her ‘Saturday Night Live’ opening monologue
▼ + stars: | 2022-12-04 | by ( Dan Heching | ) edition.cnn.com time to read: +1 min

CNN —Some people like singing their good news from the rooftops, but in Keke Palmer’s case, it was done on live television in front of millions of viewers. The actress and comedian hosted “Saturday Night Live” this weekend, and during her opening monologue, revealed she is pregnant with her first child. “I am!” she continued, whipping open her coat to reveal her bare baby bump underneath. “Let the check clear, and then we can get to the damn baby shower,” she joked. Palmer hosted the long-running NBC comedy sketch show alongside musical guest Sza.

Some elements of the Jeep joint venture's failure are particular to Stellantis - and the former car groups that feature among its 14 brands. But data compiled for Reuters by consultancy LMC Automotive expose a problem shared by a number of other global carmakers: plummeting Chinese plant usage. Reuters GraphicsThe Jeep failure in China happened less than two years after Stellantis was formed by the merger of PSA and Fiat Chrysler. "Chinese companies actually have an early mover advantage because they embraced electrification faster than the foreign companies were willing to," he added. While fully-electric cars make up an average of 5% of models foreign carmakers sell in China, they account for 30% of Chinese carmakers' models, according to LMC data.

☆ 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.

☆ SZA announces new album ‘S.O.S.’ slated for December release
▼ + stars: | 2022-11-16 | by ( ) www.nbcnews.com time to read: +2 min

Five years after her breakout debut studio album “Ctrl,” R&B singer SZA is ramping up the rollout for her follow-up effort. The new project is called “S.O.S.” and is set for a December release date, according to a new Billboard interview. Her late grandmother appeared throughout the “Ctrl” album in speaking interludes and outros, often offering wise advise to her granddaughter. SZA is set to return to the “Saturday Night Live” stage on December 3 — her second appearance as a solo artist — with Keke Palmer hosting. In early November, she released a teaser video titled “PSA” featuring a new music, which fans interpreted to be an unofficial announcement that a new album was on its way.

DETROIT/WASHINGTON, Nov 7 (Reuters) - Stellantis (STLA.MI) said on Monday it is pausing all paid advertising posts on Twitter as it waits to see what the platform will look like under the leadership of its new owner Elon Musk. “We're pausing paid advertising posts until we have a clearer understanding of the future of the platform under its new leadership," the automaker said of Twitter in a statement to Reuters. Musk has said Twitter has suffered a "massive" revenue drop since he took over 10 days ago. Stellantis joins a number of major companies that have halted advertising on Twitter, including United Airlines (UAL.O), General Mills Inc (GIS.N) luxury automaker Audi of America and General Motors Co (GM.N). Gilead Sciences Inc (GILD.O) said earlier on Monday the company and its unit Kite were in the "process of pausing advertising" on Twitter.

☆ Derek and Hannah Jeter sign multiyear deal with Jeep to promote Grand Wagoneer SUV
▼ + stars: | 2022-10-28 | by ( Michael Wayland | ) www.cnbc.com time to read: +2 min

Derek Jeter will star with his wife, fashion model and television host Hannah Jeter, in the Grand Wagoneer's new "Eyes Wide Open" campaign as part of a long-term partnership. DETROIT — New York Yankees legend Derek Jeter and his wife, Hannah Jeter, have agreed to a multiyear deal with Jeep to promote the company's Grand Wagoneer SUV. The Hall of Fame shortstop and Hannah Jeter, a model and television host, will star in a new ad campaign for the full-size luxury SUV. Derek Jeter grew up in the state and it's where the large SUV is being produced. It is an important product as the quintessential American SUV brand attempts to move upmarket.

☆ 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.

☆ Chrysler parent Stellantis offering U.S. salaried buyouts
▼ + stars: | 2022-10-28 | by ( David Shepardson | ) www.reuters.com time to read: +1 min

Oct 28 (Reuters) - Chrysler parent company Stellantis NV (STLA.MI) said Friday it has offered voluntary buyouts to some of its 13,000 U.S. salaried employees. Salaried workers age 55 or older who have been with the automaker at least 10 years are eligible. 2 U.S. automker had too many people, and that not enough of its workforce had the skills required as the auto industry shifts to electric vehicles and digital services. Earlier this year the Detroit automaker said it was slowing hiring and only replacing key departures or critical needs. Reporting by David Shepardson; editing by Jonathan Oatis and Diane CraftOur Standards: The Thomson Reuters Trust Principles.

☆ 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.

☆ Lower prostate cancer screening rates linked with more advanced cancers
▼ + stars: | 2022-10-24 | by ( Nancy Lapid | ) www.reuters.com time to read: +3 min

Register now for FREE unlimited access to Reuters.com RegisterThe benefits of screening for prostate cancer have been controversial. At individual facilities, higher rates of screening were linked with lower rates of subsequent diagnoses of advanced cancers. But for every 10% decrease in screening, there was a corresponding 10% increase in metastatic prostate cancer incidence five years later, the researchers said. Rose noted that while the USPSTF advice to limit prostate cancer screening has resulted in lower rates of prostate cancer diagnoses, rates of metastatic prostate cancer have increased "more dramatically." A spokesperson for the USPSTF said an update to its prostate cancer screening recommendation is not currently underway.

☆ American Airlines is ditching first class on all flights because customers simply 'aren't buying it'
▼ + stars: | 2022-10-21 | by ( Stephen Jones | ) www.businessinsider.com time to read: +3 min

American Airlines is ditching first class because customers aren't booking seats. The airline is instead focusing on its new business class offering, known as Flagship Suites. AA said it plans to increase the number of premium seats on its planes by 45% by 2026. American Airlines did not immediately respond to Insider's request for further comment, made outside normal US working hours. The American Airlines Group, which includes regional carriers Piedmont, Envoy, and PSA, flew more than 500,000 flights in the third quarter of the year.

☆ 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.

☆ Norwegian police investigate drone sighting at Kaarstoe gas plant -paper
▼ + stars: | 2022-10-14 | by ( ) www.reuters.com time to read: +1 min

OSLO, Oct 14 (Reuters) - Norwegian police on Friday investigated reports of a drone that was spotted flying over the Kaarstoe gas processing plant in southwest Norway in potential violation of security protocols, newspaper Stavanger Aftenblad reported. The Norwegian military Home Guard has been posted at Kaarstoe and other major energy export facilities since authorities boosted security at Norwegian oil and gas installations after the Sept. 26 Nord Stream leaks. Register now for FREE unlimited access to Reuters.com RegisterEven before the Nord Stream incidents Norway's Petroleum Safety Authority (PSA) had warned energy companies to be vigilant for unidentified drones. Police on Thursday responded to a threat made by telephone against the Nyhamna gas plant, which alongside Kaarstoe and a handful of other Norwegian sites rank among Europe's largest energy export facilities. Register now for FREE unlimited access to Reuters.com RegisterReporting by Terje Solsvik Editing by David GoodmanOur 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.

But it remained far from clear who might be behind any foul play, if proven, on the Nord Stream pipelines that Russia and European partners spent billions of dollars building. Register now for FREE unlimited access to Reuters.com RegisterPoland's prime minister blamed sabotage for the leaks, without citing evidence. Russia, which slashed gas deliveries to Europe after the West imposed sanctions over Moscow's invasion of Ukraine, also said sabotage was a possibility and that the leaks undermined the continent's energy security. CUTTING SUPPLIESRussia reduced gas supplies to Europe via Nord Stream 1 before suspending flows altogether in August, blaming Western sanctions for causing technical difficulties. The Swedish Maritime Administration (SMA) said two leaks on Nord Stream 1, one in the Swedish economic zone and another in the Danish zone, were northeast of Denmark's Bornholm.

However, it remained far from clear who might be behind any foul play, if proven, on the Nord Stream pipelines that Russia and European partners spent billions of dollars building. Poland's prime minister blamed sabotage for the leaks, without citing evidence, while the Danish premier said it could not be ruled out. Operator Nord Stream said the damage was "unprecedented". CUTTING SUPPLIESRussia reduced gas supplies to Europe via Nord Stream 1 before suspending flows altogether in August, blaming Western sanctions for causing technical difficulties. The new Nord Stream 2 pipeline had yet to enter commercial operations.

"The destruction that occurred on the same day simultaneously on three strings of the offshore gas pipelines of the Nord Stream system is unprecedented," said network operator Nord Stream AG. Gazprom (GAZP.MM), the Kremlin-controlled company with a monopoly on Russian gas exports by pipeline, declined to comment. Danish Defence Command/Handout via REUTERS Read MoreRussia slashed gas supplies to Europe via Nord Stream 1 before suspending flows altogether in August, blaming Western sanctions for causing technical difficulties. The new Nord Stream 2 pipeline had yet to enter commercial operations. European gas prices rose on the news of the leaks, with the benchmark October Dutch price up almost 10% on Tuesday.

☆ Mystery leaks hit Russian undersea gas lines, raising European suspicions
▼ + stars: | 2022-09-27 | by ( ) www.nbcnews.com time to read: +3 min

European countries on Tuesday raced to investigate unexplained leaks in two Russian gas pipelines running under the Baltic Sea near Sweden and Denmark, infrastructure at the heart of an energy crisis since Russia’s invasion of Ukraine. “The destruction that occurred on the same day simultaneously on three strings of the offshore gas pipelines of the Nord Stream system is unprecedented,” said network operator Nord Stream AG. Gazprom, the Kremlin-controlled company with a monopoly on Russian gas exports by pipeline, declined comment. Russia slashed gas supplies to Europe via Nord Stream 1 before suspending flows altogether in August, blaming Western sanctions for causing technical difficulties. The new Nord Stream 2 pipeline had yet to enter commercial operations.

☆ Nord Stream: Mystery leaks hit Russian gas pipelines to Europe
▼ + stars: | 2022-09-27 | by ( ) edition.cnn.com time to read: +4 min

Sweden’s Maritime Authority issued a warning about two leaks in the Nord Stream 1 pipeline, shortly after a leak on the nearby Nord Stream 2 pipeline was discovered that had prompted Denmark to restrict shipping in a five nautical mile radius. “The destruction that occurred on the same day simultaneously on three strings of the offshore gas pipelines of the Nord Stream system is unprecedented,” said network operator Nord Stream AG. Gazprom, the Kremlin-controlled company with a monopoly on Russian gas exports by pipeline, declined comment. Russia slashed gas supplies to Europe via Nord Stream 1 before suspending flows altogether in August, blaming Western sanctions for causing technical difficulties. The new Nord Stream 2 pipeline had yet to enter commercial operations.

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