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New England Patriots defensive tackle Christian Barmore was pulled over by Providence, R.I., police early Wednesday morning and apparently wasn’t pleased with how things went down. ET and cited for driving with an expired registration and plate cover violations, according to a Providence police report. Patriots head coach Jerod Mayo confirmed Wednesday the team is “aware of the situation” and that he spoke to Barmore earlier that morning. The defense has struggled without the 25-year-old defensive tackle this season and is allowing 358.8 yards per game, 25th in the NFL. The Patriots travel to London this week to face the Jacksonville Jaguars at Wembley Stadium on Sunday at 9:30 a.m.

Persons: Christian Barmore, Barmore, “, ” Barmore, Jerod Mayo, Mayo, Javon Baker, Jabrill Peppers Organizations: New England Patriots, Providence, Providence police, Jeep, Patriots, Wednesday, NFL, Jacksonville Jaguars, Wembley Locations: R.I, Providence, Alabama, Boston, London

☆ BMW CEO: A 2035 gasoline ban will hit the European car industry 'in its heart' and make it reliant on Chinese batteries
▼ + stars: | 2024-10-16 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

BMW CEO Oliver Zipse says a 2035 gasoline ban will hit the European auto industry. Zipse's warnings come amid fears in the auto industry of a Darwinistic price war with China. AdvertisementA "correction" of the planned 2035 gasoline vehicle ban, Zipse said, would help reduce European OEMs' reliance on China for batteries. This, Tavares said, is because automakers will have to continue to invest in both electric and gasoline vehicles, thus incurring higher costs. Mercedes-Benz CEO Ola Källenius told attendees at the Berlin Global Dialogue conference on October 2 that the Western auto industry is fighting a "Darwinistic-like price war" with their Chinese rivals.

Persons: Oliver Zipse, —, Zipse, weren't, Carlos Tavares, helms, Tavares, Ola Källenius, Källenius Organizations: BMW, Service, Union, Paris Automotive Summit, EU, Zipse, BMW didn't, Business Insider, Western, Chrysler, Fiat, Maserati, Peugeot, Financial Times, European Automobile Manufacturers ' Association, Benz, Berlin Global Locations: China, Europe

☆ China's EV giants shine at Europe's largest auto show while local rivals despair
▼ + stars: | 2024-10-16 | by ( Tom Carter | ) www.businessinsider.com time to read: +5 min

China's EV giants left their European rivals in the dust at the continent's biggest auto show. AdvertisementAutomakers flocked to Paris for Europe's largest motor show this week — and China's EV giants were the star attraction. The booth of Chinese EV firm Xpeng was dominated by the company's flying car prototype, which hung from the ceiling. European automakers despairAmong the local automakers at the event, the atmosphere was less positive. Leapmotor CEO Zhu Jiangming and Stellantis CEO Carlos Tavares unveil the Leapmotor B10 at the Paris Motor Show.

Persons: Leapmotor, —, Xpeng, Xiaopeng, Brian Gu, Gu, Oliver Zipse, Luca de Meo, Zhu Jiangming, Carlos Tavares, MAGALI COHEN, Hans Lucas, Ram, Tavares, " Tavares Organizations: EV, Paris, Service, European Union, BYD, Business, BMW, Renault, Leapmotor, Getty, Jeep, Fiat Locations: Paris, Europe, China

☆ Chevrolet aims to defend highly profitable SUV market position with updated Tahoe, Suburban
▼ + stars: | 2024-10-16 | by ( Michael Wayland | ) www.cnbc.com time to read: +2 min

2025 Chevrolet Tahoe GMDETROIT – General Motors has updated its highly profitable large SUVs for Chevrolet for the 2025 model year to defend the brand's long-standing segment leadership. The Detroit automaker's Chevrolet Tahoe and Suburban have led the mainstream full-size SUV segment for over 45 years, according to GM. For Chevrolet, the 2025 Chevrolet Tahoe and Suburban check many of those boxes and include the addition of GM's hands-free Super Cruise advanced driver-assistance system. Starting pricing for the 2025 Tahoe will range from about $60,000 for a Tahoe LS to more than $83,000 for the top-end High Country. 2025 Chevrolet Tahoe GM

Persons: Scott Bell, Bell Organizations: Chevrolet Tahoe GM DETROIT –, Motors, Chevrolet, Detroit, GM, Ford Motor, Nissan, GMC, Yukon XL, Ford, Cruise, CNBC, LS, CarMax, Chevrolet Tahoe Locations: Tahoe, Detroit, Yukon, U.S

☆ Automakers will find themselves in a 'big trap' if the transition toward EVs slows down, Stellantis CEO says
▼ + stars: | 2024-10-15 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

Stellantis CEO Carlos Tavares says automakers will have a tough time if the EV transition slows. "Making a transition for EVs longer is a big trap," Tavares said. AdvertisementAutomakers will find themselves in a "big trap" if the industry's transition toward electric vehicles slows down, Stellantis CEO Carlos Tavares said on Monday. "Making a transition for EVs longer is a big trap," Tavares said. AdvertisementSeveral auto chiefs have raised concerns about the rise of Chinese automakers.

Persons: Carlos Tavares, Tavares, —, It's, Stellantis didn't, William Roberts, BI's Tom Carter, Dylan Khoo, BI's Carter, EVs, Khoo, Jim Farley, Ola Källenius, Källenius Organizations: Service, Financial Times, Paris, Financial, Chrysler, Fiat, Maserati, Peugeot, Business Insider, European Automobile Manufacturers ' Association, Rho Motion, ABI Research, Research, BI, Street, Benz, Berlin Global Locations: Europe, Germany, Thailand, Brazil, China

☆ We should be learning from Chinese EV players, not shutting them out of Europe — auto bosses say
▼ + stars: | 2024-10-15 | by ( Tom Carter | ) www.businessinsider.com time to read: +5 min

European car CEOs criticize EU tariffs on Chinese EVs, urging learning from rivals. AdvertisementEuropean car bosses have a solution to the Chinese EV invasion — if you can't beat them, at least learn from them. In an interview with Bloomberg on Monday, de Meo declined to comment on the EU's prospective tariffs on Chinese automakers. Stellantis has partnered with Chinese EV firm Leapmotor, which has given it exclusive rights to sell Leapmotor's EVs outside of China. "We need to understand where the Chinese automakers are strong, and through our investment in Leapmotor we have a perfect transparent understanding of what makes the difference.

Persons: —, Stellantis, Oliver Zipse, BYD, Luca de Meo, de Meo, Henry Ford, Carlos Tavares, Tavares Organizations: Leapmotor, Service, Paris, BMW, European Union, Mercedes, EU, Renault, Fiat, Citroen, Bloomberg, EV, Jeep, Business Locations: China, Europe, Germany, Paris, United States, Leapmotor

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHere's why Stellantis is strugglingMerging some of America's legacy car brands with big European ones made Stellantis the world's fifth largest automaker in 2021. Just three years later, Stellantis is struggling, and its troubles lie specifically with its North American business – home to Jeep, Ram, Dodge and Chrysler. Critics, including its own dealers, say the company raised prices too high and too fast, and didn't focus enough on making good cars. Its stock has plummeted and stakeholders are asking for its CEO to step down.

Persons: Stellantis Organizations: Dodge, Chrysler, Critics

☆ Stellantis is struggling. Here's why
▼ + stars: | 2024-10-10 | by ( Robert Ferris | In | ) www.cnbc.com time to read: +3 min

American car brands Jeep, Ram, Dodge and Chrysler are struggling under their new owner. The European-American giant Stellantis is the world's fifth-largest automaker by volume, according to S&P Global Mobility. But Stellantis did better than that. 2023 was a banner year: record sales, record profits, record free cash flow. Out of all brands in the U.S., Stellantis vehicles have some of the highest inventories of vehicles on dealer lots, according to Cox Automotive.

Persons: Daniel Roeska, Bernstein, Stellantis, Stephanie Brinley, Carlos Taveres, Roeska Organizations: Dodge, Chrysler, P Global Mobility, Groupe PSA, Italian Fiat Chrysler, Products, Jeep, RBC Capital, Cox Automotive, United Auto Workers Locations: Italian, North America, U.S, America, China

☆ Stellantis CEO Carlos Tavares to retire in 2026 as automaker struggles in North America
▼ + stars: | 2024-10-10 | by ( ) edition.cnn.com time to read: +3 min

Detroit Reuters —Chrysler parent Stellantis confirmed on Thursday that CEO Carlos Tavares would retire at the end of his contract in early 2026 and announced major senior management changes as it struggles to turn around its lagging North American operations. The world’s fourth-largest automaker by sales said it now planned to name his successor by the fourth quarter of 2025. The automaker also appointed Antonio Filosa as its North America chief operating officer in addition to his role as Jeep brand CEO, succeeding Carlos Zarlenga, whose future role has not been announced. Stellantis last week lowered its forecast from positive cash flow to negative cash flow of between 5 billion and 10 billion euros ($5.5 billion and $10.9 billion) this year. The broad management shakeup was meant to address these concerns, Tavares said in a statement Thursday.

Persons: Carlos Tavares, Tavares ’, Stellantis, Doug Ostermann, Natalie Knight, Antonio Filosa, Carlos Zarlenga, Tavares, “, ” Bernstein, ” Organizations: Detroit Reuters, Chrysler, Analysts, North America, Fiat, Peugeot, PSA, Maserati, Jeep, United Auto Workers Locations: North America, China, Detroit

North Carolina has racked up the highest death toll thus far with 106 fatalities reported. Kim AshbyKim Ashby, a North Carolina teacher of 20 years, is described as “the glue that holds everyone together,” her daughter, Jessica Meidinger, told CNN. A neighbor took a photo of the Ashby home in Elk Park, North Carolina, as it floated in the river on Friday. Omar Khan, 44, disappeared after Helene flooded Asheville, North Carolina. Julie Le Roux has been missing since a mudslide destroyed the Marion, North Carolina, home she had taken shelter in from the raging storm.

Persons: Helene, Deanne Criswell, CNN’s Jim Acosta, ”, Buncombe County Sheriff Quentin Miller ., Steven Cloyd Steven Cloyd, Matthew Cloyd Matthew Cloyd, Steven Cloyd, he’s “, Matthew Cloyd, “, Steven, Keli Cloyd, Keli, he’d, ” Steven Cloyd texted, texted, ” Keli Cloyd, Matthew, Steven Cloyd’s Jeep, Kim Ashby Kim Ashby, Jessica Meidinger, Kim, Rod Ashby, Meidinger, ” Meidinger, ” Kim Ashby, Lauren Meidinger, Rod, ” Lauren, ‘, ’, stepdad, Kim Ashby, Ashby, ” Jessica Meidinger, Jessica, he’s, ” Lauren Meidinger, they’ve, she’s, Rosa Andrade, Carina Alonso, Erwin , Tennessee –, Alonso, WVLT, Andrade, ” Alonso, Francesco Guerrero, Rosa Maria Andrade Reynoso, Guadalupe Hernandez, Monica Hernandez Corona, Saul Young, Jimmy Erwin, ” Omar Khan Omar, floodwater, K.M, Khan, Omar Khan, Zubila Shafiq, ” K.M, Shafiq, could’ve, We’re, ” Shafiq, Julie Le Roux, John Norwood, Le Roux, WRAL, Norwood, Robert Martin, Will Kehler Organizations: CNN, FEMA, Carolina’s Buncombe County Sheriff’s, Buncombe County Sheriff, CNN News Central, News Sentinel, USA, Associated Press, WCYB, Emergency, ABC, WRAL Locations: United States, Carolina’s Buncombe County, Buncombe County, Buncombe County Sheriff Quentin Miller . North Carolina, North Carolina, Rockford , Illinois, Elk Park , North Carolina, Tennessee, Sanford, Raleigh, Elk, floodwater, Erwin ,, Andrade, Erwin , Tennessee, Unicoi, Asheville , North Carolina, McDowell County, Norwood, Marion , North Carolina, ”

☆ Stellantis CEO says too soon to confirm 2025 dividend as shares slide
▼ + stars: | 2024-10-03 | by ( ) www.cnbc.com time to read: +2 min

Carlos Tavares, chief executive officer of Stellantis NV, speaks during a news conference at the Fiat automobile manufacturing plant in Kragujevac, Serbia, on Monday, July 22, 2024. Stellantis CEO Carlos Tavares on Thursday left the door open for possible cuts to its dividend and share buybacks next year and brushed off problems with its U.S. business that led to a major profit warning this week as a "small operational error". "When you are in a context which is brutal and more demanding, if you make a small operational error, well it is immediately visible," he said, adding he was taking it as a "wake up call" and very seriously. While Stellantis is committed to its 2024 dividend, Tavares said it was too early to confirm next year's plan. "The time for 2025 has not come, we will see what will happen at the end of 2024 for a discussion and a decision for 2025," he said.

Persons: Carlos Tavares, Tavares, Stellantis Organizations: Stellantis NV, Fiat, Thursday, Chrysler, Jeep, Citroen, Peugeot Locations: Kragujevac, Serbia, U.S, France

☆ The search for missing people continues after Hurricane Helene
▼ + stars: | 2024-10-03 | by ( Sharif Paget | Michelle Krupa | ) edition.cnn.com time to read: +6 min

But even if a storm like that made it to Matthew’s parents’ neighborhood, their house rests on a mound. And it certainly couldn’t happen with Helene, Matthew figured, even as the one-time Category 4 monster showed little sign of cooling its rage. Still, Keli headed out to her job managing a beauty supply store about 20 miles east in Johnson City. The family took to social media, pleading for any information about their missing husband and dad – and his dog. “I think right now we are the only people who know what each of us is going through,” he said.

Persons: Matthew Cloyd, Helene, Matthew, ”, Keli, Steven Cloyds, a.m, –, who’s, Steven, “, ” Keli, Steven Cloyd, Matthew Cloyd “, ” Steven, “ You’re, “ It’s, She’d, ” Matthew, Orion, Matthew Cloyd Matthew, Bridges, Who’d, she’d, Mary Gilbert Organizations: CNN, Orion Locations: Illinois, Tennessee, ’, Florida , Georgia, Carolinas, East Tennessee, Johnson City, …, Rockford , Illinois, ”, Rockford, Jonesborough, Helene’s

☆ Stellantis U.S. auto sales extend free fall in third quarter
▼ + stars: | 2024-10-02 | by ( Michael Wayland | ) www.nbcnews.com time to read: +3 min

DETROIT — Stellantis’ U.S. new vehicle sales continued a yearslong free fall during the third quarter, despite CEO Carlos Tavares’ attempts to correct what he has called “arrogant” mistakes. Stellantis was expected to be the worst sales performer of major automakers during the third quarter. Auto industry forecaster Cox Automotive had projected a sales decline of roughly 21% for the carmaker. All of Stellantis’ brands except for its niche Fiat unit experienced sales declines in the third quarter, led by more than 40% reductions for Chrysler and Dodge. Stellantis’ performance compares with the overall U.S. new light-duty vehicle sales market, which increased 13% last year, according to federal data.

Persons: Carlos Tavares ’, Stellantis, Cox, Edmunds, Matt Thompson, Tavares Organizations: DETROIT, carmaker, Auto, Cox Automotive, U.S, Fiat, Chrysler, Dodge, Jeep, New York Stock Exchange, Stellantis, Fiat Chrysler, France’s PSA Groupe, United Auto Workers Locations: ’, U.S

☆ Stellantis U.S. auto sales extend freefall in third quarter
▼ + stars: | 2024-10-02 | by ( Michael Wayland | ) www.cnbc.com time to read: +1 min

Jeep vehicles are delivered to a dealership on June 20, 2024 in Chicago, Illinois. DETROIT — Stellantis ' U.S. new vehicle sales during the third quarter continued a yearslong freefall despite CEO Carlos Tavares' actions to fix what he has called "arrogant" mistakes by the company. Stellantis was expected to be the worst sales performer of major automakers during the third quarter, and auto industry forecaster Cox Automotive had projected a sales decline of roughly 21%. Cox and fellow forecaster Edmunds expect third-quarter sales industrywide will be down roughly 2% compared with a year earlier. Stellantis' disappointing sales are the latest problem this week for the carmaker, which cut its 2024 profit margin forecast and has been hit with a recall involving popular plug-in hybrid electric Jeep models due to fire risks.

Persons: Carlos Tavares, Stellantis, Cox, Edmunds Organizations: DETROIT, Cox Automotive Locations: Chicago , Illinois, U.S

☆ 194,000 Jeep plug-in hybrid SUVs recalled due to fire risk
▼ + stars: | 2024-09-30 | by ( ) www.nbcnews.com time to read: +1 min

WASHINGTON, Sept 30 — Stellantis said Monday it is recalling 194,000 plug-in hybrid electric Jeep SUVs to address fire risks after 13 fires were reported, and it told owners to park outside and away from other vehicles until recall repairs are completed. The Italian-American automaker is recalling some 2020 through 2024 model year Jeep Wrangler and 2022 through 2024 Jeep Grand Cherokee plug-in hybrids. The Chrysler-parent company said the fires occurred when the vehicles were parked and turned off. The recall includes 154,000 vehicles in the United States, 14,000 in Canada, 700 in Mexico and nearly 26,000 outside North America. The company said the recall was prompted by a routine company review of customer data that led to an internal investigation.

Persons: — Stellantis, Stellantis Organizations: Chrysler Locations: United States, Canada, Mexico, North America

☆ Stellantis shares plunge as carmaker follows Volkswagen in profit warning
▼ + stars: | 2024-09-30 | by ( Hanna Ziady | ) edition.cnn.com time to read: +3 min

Stellantis said it would reduce inventory levels in the United States and ship 200,000 fewer vehicles to North American dealers in the second half of 2024 than in the same period last year. Volkswagen said earlier this month that around 2 million fewer cars are being sold in Europe per year compared with pre-pandemic levels. Volkswagen itself is selling 500,000 fewer cars annually in the region, the equivalent of around two car plants. “To remain competitively viable, we have to comprehensively restructure Volkswagen… because the situation is serious,” the company said last week. “Volkswagen has to increase efficiency and reduce costs.”For Stellantis, Monday’s profit warning is the latest piece of bad news.

Persons: American carmaker, Ram Trucks, Stellantis, Volkswagen’s, Aston Martin Lagonda Organizations: London CNN —, Chrysler, Milan, Citroen, Peugeot, North, Volkswagen, Aston, IG Metall, United Auto Workers Locations: American, North America, United States, North American, China, London, Europe, Detroit

☆ Dodge-maker Stellantis issues profit warning; shares drop 12%
▼ + stars: | 2024-09-30 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +1 min

The Stellantis sign is seen outside the FCA Headquarters and Technology Center in Auburn Hills, Michigan, on Jan. 19, 2021. Stellantis on Monday trimmed its 2024 annual guidance on the back of deteriorating "global industry dynamics" and bolstered competition from China, sending Milan-listed shares lower on open. It now pencils in an adjusted operating income (AOI) margin between 5.5% to 7.0% for the full-year 2024 period, down from a "double digit" outlook. The automaker further attributed the revisions to its guidance to "decisions to significantly enlarge remediation actions on North American performance issues," but supplied no additional details. Earlier this year, Stellantis was sued by shareholders in the U.S. who claimed the automaker defrauded them by concealing rising inventories and other items, Reuters reported.

Persons: Stellantis Organizations: FCA Headquarters, Technology Center, Chrysler, Dodge, Maserati, U.S ., Reuters Locations: Auburn Hills , Michigan, China, Milan, U.S

☆ Stellantis recalls 194,000 Jeep plug-in hybrids over fire risks
▼ + stars: | 2024-09-30 | by ( Story Reuters | ) edition.cnn.com time to read: 1 min

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☆ A Texas baby boomer who retired at 60 and moved to Mexico says housing, food, and a good life are cheaper, but gas is more expensive
▼ + stars: | 2024-09-18 | by ( John Towfighi | ) www.businessinsider.com time to read: +7 min

After taking two trips to Puerto Vallarta, Bartmess was convinced it was the perfect place to retire. His first trip to Puerto Vallarta was in 1976, and he said he had fond memories there. He said a fill-up of his Jeep Wrangler costs about $60 in Puerto Vallarta. In retirement, Bartmess has spent more time working on his creative writing, and he takes part in a Puerto Vallarta writers group. Bartmess has lived in Puerto Vallarta for 14 years and said he has no plans to leave.

Persons: —, Geary Bartmess, Bartmess, he's, Geary Bartmess Bartmess, Geary, He'd Organizations: Service, Social Security Administration, Business, Medicare, Puerto Vallarta Locations: Puerto Vallarta, Houston, Mexico, Canada, Japan, Texas, Puerto, American, Camarones

☆ UAW President Fain announces strike vote plans at Stellantis
▼ + stars: | 2024-09-17 | by ( Chris Isidore | ) edition.cnn.com time to read: +2 min

New York CNN —United Auto Workers union President Shawn Fain said Tuesday the union plans to hold strike authorization votes against Stellantis because the automaker is failing to live up to guarantees it made in the 2023 labor deal it reached with the union at the conclusion of a six-week strike. During the livestreamed speech, Fain said that the union would be “holding strike authorization votes at one or more Stellantis locals. It is possible, since only some locals will be holding strike authorization votes, that only some plants will be struck. Asked Monday about an unfair labor practice charge by the UAW, Stellantis said it had yet to see the complaint and couldn’t comment directly on it. “We will communicate our plans to the UAW at the appropriate time.”But Fain blasted that statement from Stellantis.

Persons: Shawn Fain, Fain, ”, Stellantis, “, Carlos Tavares Organizations: New, New York CNN — United Auto Workers, Stellantis, ”, General Motors, Ford, Jeep, Dodge, Chrysler, UAW Locations: New York, North America, Stellantis

☆ Driver charged in deaths of NHL’s Johnny Gaudreau and his brother had blood-alcohol level above the legal limit
▼ + stars: | 2024-09-13 | by ( The Associated Press | ) www.nbcnews.com time to read: +4 min

PHILADELPHIA — The driver charged with killing NHL hockey player Johnny Gaudreau and his brother Matthew as they bicycled on a rural road had a blood-alcohol level of .087, above the .08 legal limit in New Jersey, a prosecutor said Friday. “He’s a good person, and he made a horrible decision that night.”Brothers Johnny Gaudreau and Matthew Gaudreau on Feb. 10, 2014, in Boston. He had been driving aggressively behind a sedan going just above the 50 mph speed limit, sometimes tailgating, the driver told police. Johnny Gaudreau, known as “Johnny Hockey,” played 10 full seasons in the league and was set to enter his third with the Columbus Blue Jackets after signing a seven-year, $68 million deal in 2022. And they noted that he tested just over the legal limit, adding that a recent knee surgery likely impacted the field test.

Persons: Johnny Gaudreau, Matthew, Gaudreau, Sean M, Higgins, ’ ”, Jonathan Flynn, ”, Matthew Portella, “, Matthew Gaudreau, Richard T Gagnon, Flynn, Michael J, Silvanio, Higgins ’, Johnny Hockey, Widows Meredith, Madeline Gaudreau, Matty, John, Higgins’s Organizations: PHILADELPHIA, NHL, Columbus Blue Jackets, Calgary Flames, North, ” Defense Locations: New Jersey, South Jersey, Woodstown , New Jersey, Salem County, Boston, Iraq, North America

☆ Jeep CEO enacts turnaround plan after significant sales declines
▼ + stars: | 2024-09-13 | by ( Michael Wayland | ) www.cnbc.com time to read: +6 min

Nonetheless, Jeep CEO Antonio Filosa believes the brand's worst days are behind it and it's still possible to achieve the 1 million sales target. Jeep salesFilosa said Jeep, which reports sales quarterly, saw U.S. sales rise last month: They were up 28% from August 2023 and 55% from July. The New York Stock Exchange welcomes The Jeep Brand (NYSE: STLA) to the podium, on May 31, 2024. Ahead of such vehicles, Jeep has increased its media spending by 20% compared with the first half of the year, according to the automaker. 2024 Jeep Wagoneer S EV Jeep

Persons: Michael Wayland, Antonio Filosa, Filosa, Cox, Filosa's, Carlos Tavares, Stellantis, Jeep, Lynn Martin, Tavares, Bob Broderdorf, Nathan Laine Organizations: CNBC DETROIT, Jeep, Cherokee, Cox Automotive, CNBC, Council, New York Stock Exchange, Brand, NYSE Group, NYSE, Fiat Chrysler, France's PSA Groupe, Paris, Bloomberg, Getty, U.S, EV Locations: U.S, American

☆ UAW, U.S. dealers increase criticism of Stellantis CEO over cuts, sales declines
▼ + stars: | 2024-09-12 | by ( Michael Wayland | ) www.cnbc.com time to read: +3 min

David Dee Delgado | ReutersDETROIT – Stellantis ' U.S. dealer network has joined the United Auto Workers union in criticizing CEO Carlos Tavares for the company's recent sales declines, factory production cuts and other decisions they deem detrimental to the automaker's business. "The market share of your brands has been slashed nearly in half, Stellantis stock price is tumbling, plants are closing, layoffs are rampant, and key executives fleeing the company. We will continue to work with our dealers to avoid any public disputes that will delay our ability to deliver results." Stellantis reported a record profit in 2023, but so far this year, the automaker reported a first-half net profit of 5.6 billion euros ($6.07 billion), down 48% from the same period of 2023. It's part of his "Dare Forward 2030" plan to increase profits and double revenue to 300 billion euros ($325 billion) by 2030.

Persons: Carlos Tavares, David Dee Delgado, Tavares, Kevin Farrish, Farrish, Ford Stellantis, Stellantis, Shawn Fain, Kamala Harris, Tim Walz, Rebecca Cook Organizations: New York, Auto, Reuters DETROIT, United Auto Workers, Chrysler, Dodge, Investor, Bloomberg, Stellantis, GM, Fiat Chrysler, France's PSA Groupe, UAW, U.S, Democratic Locations: Manhattan , New York, U.S, Virginia, Romulus , Michigan

GM declined to discuss details of the spending, including how much of that amount is specifically tied to NFL advertising, but reiterated it remains significantly lower than historic levels. “The impact of the NFL on the automotive advertising industry is really very, very substantial,” said Alberto Leyes, head of product strategy at Guideline. Guideline reports viewership of NFL broadcasts grew about 7% over the past season, whereas ad spend in NFL programming doubled that pace at 14%. Automotive ad spend increased 17% over the past two seasons and is expected to increase again this year, according to Leyes. Stellantis is expected to soon launch new ads for the NFL season, including around its Jeep brand, but a spokeswoman declined to provide additional details.

Persons: ”, Ryan Briganti, Alberto Leyes, “ We’ve, we’ve, ” Leyes, Andrew Messina, Messina, Mark Marshall, Jenny Wall, Dedra DeLilli, That’s, ” DeLilli, “, DeLilli, Stellantis, Randy Parker, NBCUniversal Organizations: National Football League, Toyota Motor Corporation, Hyundai Motor Company, Detroit, NFL, Toyota, CBS Sports, CBS, Paramount, General Motors, GM, Nielsen, Disney, ESPN, Disney Advertising, Hyundai, Mercedes, Benz, Nissan Motor, Chrysler, Brands, Sunday, NBC, Automotive, Toyota North, Olympics, Hyundai Motor America, CNBC, Comcast, NBC Sports, NBC Olympics, Games Locations: Messina, U.S, Toyota North America, Paris

☆ The $100,000 electric truck market is here. A guide to pickups from Tesla, GM, Rivian and Ford
▼ + stars: | 2024-09-07 | by ( Michael Wayland | ) www.cnbc.com time to read: +10 min

There are currently a handful of electric trucks for purchase in the U.S. market: the Tesla Cybertruck, Ford F-150 Lightning, Rivian R1T and General Motors' GMC Hummer EV, GMC Sierra Denali and Chevrolet Silverado. The GMC Hummer and Rivian also have SUV versions, which feature similar functions as their pickup counterparts but in different forms. The SUV version is smaller and more manageable to drive than the pickup truck version. When the F-150 Lightning hit the market, it was the first "mainstream" electric truck. An electric Ford F-150 next to a Tesla Cybertruck in front of Ford's world headquarters on Aug. 27, 2024 in Dearborn, Mich. Michael Wayland / CNBC

Persons: Michael Wayland, CNBC DETROIT – Tesla, Stephanie Brinley, it's, Stephanie Valdez Streaty, Tesla, Ford, Rivian R1T, Rivian, Kelley, Sierra EVs Organizations: GMC, Denali, Tesla, Ford, CNBC DETROIT, Motors, Rivian Automotive, P Global Mobility, Cox Automotive, General Motors, GMC Hummer EV, GMC Sierra Denali, Chevrolet Silverado, Motor Intelligence, Renaissance Center, CNBC, GM, U.S . Environmental Protection Agency, Cruise, Silverado, GMC Sierra GM's, DC, Chevrolet, Sierra Locations: U.S, Detroit, Dearborn, Mich

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