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☆ NHL roundup: Bruins bounce Rangers for 10th straight win
▼ + stars: | 2023-03-05 | by ( ) www.reuters.com time to read: +9 min

At the end of a board battle behind Elliott in the second period, Hinostroza one-timed his second goal off a pass from Casey Mittelstadt at 5:35 for Buffalo's first lead. Captain Dylan Larkin scored in the second period and Magnus Hellberg made 32 saves for the Red Wings, who have lost five straight games (0-4-1). Bennett, who had missed six straight games, scored one goal. Capitals 8, Sharks 3Craig Smith scored twice in Washington's four-goal second period and the visitors rallied for a win against San Jose. Predators 3, Blackhawks 1Philip Tomasino, Tyson Barrie and Colton Sissons scored for visiting Nashville in a win against Chicago.

☆ Ram Truck Brand Considers Expansion to More Markets Outside U.S.
▼ + stars: | 2023-02-28 | by ( Ryan Felton | ) www.wsj.com time to read: 1 min

Ram has long concentrated its sales in North America. Global auto maker Stellantis NV is looking to expand its highly profitable Ram truck brand globally, bolstering its presence in overseas regions that are well outside its home U.S. market, chief executive officer Carlos Tavares said Tuesday. Ram, a name well-known in the U.S. for its brawny pickup trucks and commercial vans, has long concentrated its sales in North America. Mr. Tavares said he sees potential for it to appeal to consumers in other regions.

☆ Stellantis seeks 'solution' for shuttered Illinois Jeep plant, CEO says
▼ + stars: | 2023-02-28 | by ( ) www.reuters.com time to read: +2 min

"We need to find a solution for the fact that the technology that has been decided is 40% more expensive" than combustion vehicles, Tavares told reporters during a videoconference. As Stellantis shifts its product mix toward electric vehicles, "the way to do business in the U.S. is going to change," Tavares said. "You get a more affordable proposition than the BEV," he said, referring to battery electric vehicles. Tavares said battery technology "has not stabilized." Raw materials needed for today's batteries could change as battery technology changes, he said.

☆ Stellantis CEO Carlos Tavares: We love competition and we are racers at Stellantis
▼ + stars: | 2023-02-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStellantis CEO Carlos Tavares: We love competition and we are racers at StellantisStellantis CEO Carlos Tavares joins 'Squawk Box' to discuss when Stellantis will be able to roll out electric vehicles, Tesla's dominance in the electric vehicle space, and more.

☆ NHL roundup: Wild's Kirill Kaprizov caps hat trick in OT
▼ + stars: | 2023-02-27 | by ( ) www.reuters.com time to read: +6 min

Sabers 7, Capitals 4Dylan Cozens delivered his first career hat trick, and Buffalo defeated visiting Washington. Vinnie Hinostroza had a goal and an assist for Buffalo, while Cozens added an assist for the first four-point game of his career. T.J. Oshie scored his fourth goal in three games and added an assist, and Dylan Strome had a goal and an assist. Nick Schmaltz had a goal and an assist, and Shayne Gostisbehere also scored a goal for Arizona. Trocheck added an assist, and Mika Zibanejad and Artemi Panarin each had a goal and an assist.

☆ PSG romp to 3-0 win over Marseille thanks to Mbappe-Messi double act
▼ + stars: | 2023-02-26 | by ( ) www.reuters.com time to read: +3 min

PARIS, Feb 26 (Reuters) - World Cup foes Lionel Messi and Kylian Mbappe inspired Paris St Germain to a 3-0 win at bitter rivals Olympique de Marseille on Sunday to extend their Ligue 1 lead to eight points. Third-placed Monaco slumped to a 3-0 home defeat against Nice, who prevailed thanks to a Terem Moffi double and a superb half-volley by Khephren Thuram. The result left Monaco on 50 points, ahead of fourth-placed RC Lens on goals scored after the northerners drew 1-1 at Montpellier on Saturday. Messi beautifully lifted the ball into the path of Mbappe, who volleyed home with his left foot for his 16th goal of the season in Ligue 1. PSG next face Nantes at home before travelling to Bayern Munich for their Champions League last-16 return leg after losing the first encounter 1-0 at the Parc des Princes.

☆ Stellantis CEO Tavares' 2022 pay fell 14% to $15.7 million
▼ + stars: | 2023-02-25 | by ( ) www.reuters.com time to read: +1 min

Feb 24 (Reuters) - Stellantis (STLAM.MI) CEO Carlos Tavares' 2022 pay fell 14% to 14.9 million euros ($15.71 million), the maker of Fiat, Ram and Peugeot vehicles said in a filing on Friday. Tavares did not receive a retention bonus in 2022, compared with a bonus of about 2 million euros in 2021, the filing showed. Over 90% of Tavares' pay came from variable components after the company posted industrial free cash flows of 10.8 billion euros last year, well above the maximum target of 8.1 billion euros. Stellantis also achieved cash synergies of 7.1 billion euros during the period, far exceeding the 5 billion euros by 2024 target. Last year, Tavares' compensation of around 17.4 million euros drew an angry response from some trade unions, which urged politicians to take measures to cap executive salaries.

☆ Stellantis CEO Tavares' 2022 pay fell 14% to $15.7 mln
▼ + stars: | 2023-02-25 | by ( ) www.reuters.com time to read: +1 min

☆ ChatGPT will keep 'hallucinating' wrong answers for years to come and won't take off until its on your cellphone, Morgan Stanley says
▼ + stars: | 2023-02-23 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +3 min

ChatGPT will keep giving occasional wrong answers for a couple of years, according to Morgan Stanley. The AI bot sometimes "hallucinates," meaning it generates responses that are seemingly convincing, but are actually wrong, according to the bank. "Accuracy will continue to be a challenge for the next couple of years," Morgan Stanley's Kim said about ChatGPT. At the same time, tools like ChatGPT could significantly improve via edge computing, according to the bank. Edge computing is a model in which processing power is placed closer to where the data is being created in the physical world.

Stellantis said it had achieved cash synergies of 7.1 billion euros last year, far exceeding the 5 billion euros by 2024 target it had set at the time of the merger. Stellantis's adjusted second-half earnings before interest and tax (EBIT) grew 17% to 10.95 billion euros, topping a consensus estimate of 9.63 billion euros in a Reuters poll of analysts. The margin on adjusted EBIT was 12% in the second half, down from 14.1% in the first six months of the year. It reiterated the same margin target for 2023, as well as one for positive cash flows. ($1 = 0.9393 euros)Reporting by Giulio Piovaccari; Editing Jan Harvey, Mark Potter and Alexander SmithOur Standards: The Thomson Reuters Trust Principles.

☆ NHL roundup: Ryan O’Reilly's hat trick leads Leafs
▼ + stars: | 2023-02-22 | by ( ) www.reuters.com time to read: +8 min

O'Reilly's goals -- his first since joining Toronto in a trade with St. Louis last Friday -- marked his fourth career hat trick. John Tavares added a goal and three assists, William Nylander had a goal and an assist, and Michael Bunting also scored for Toronto. 700, has collected nine points (five goals, four assists) during a six-game point streak. The Canucks scored goals just 51 seconds apart late in the third period to tie it 4-4. Tampa Bay stretched its franchise-record home point streak to 15 games (14-0-1).

☆ 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.

☆ NHL roundup: Avs come from behind to down Oilers in OT
▼ + stars: | 2023-02-20 | by ( ) www.reuters.com time to read: +5 min

Compher had a goal and three assists, and Nathan MacKinnon posted a goal and two helpers for Colorado. Valeri Nichushkin, Logan O'Connor and Artturi Lehkonen also scored, Samuel Girard had two assists and Alexandar Georgiev turned away 35 shots. Leon Draisaitl and Tyson Barrie each had a goal, Cody Ceci had two assists and Jack Campbell made 37 saves. Ridly Greig scored his first NHL goal, Claude Giroux had two assists and Mads Sogaard made 30 saves. Wild 4, Predators 3Ryan Hartman scored with 21 seconds remaining, and Minnesota defeated Nashville after surrendering a two-goal, third-period lead.

☆ NHL roundup: Auston Matthews' return boosts Leafs
▼ + stars: | 2023-02-16 | by ( ) www.reuters.com time to read: +4 min

[1/6] Feb 15, 2023; Toronto, Ontario, CAN; Toronto Maple Leafs right wing William Nylander (88) battles for the puck with Chicago Blackhawks defenseman Caleb Jones (82) in front of Blackhawks goaltender Petr Mrazek (34) during the third period at Scotiabank Arena. Mandatory Credit: Nick Turchiaro-USA TODAY SportsFebruary 16 - Auston Matthews had a goal and an assist in his return after missing five games with a sprained knee, helping the Toronto Maple Leafs earn a 5-2 win over the visiting Chicago Blackhawks on Wednesday night. The Maple Leafs went 2-3-0 while Matthews was out. Conor Timmins added a goal, and the Maple Leafs goalie Ilya Samsonov made 27 saves. Lazar and defenseman Oliver Ekman-Larsson left due to lower-body injuries, and goalie Arturs Silovs stopped 22 shots in his NHL debut.

☆ Ram reveals its electric truck during Super Bowl and it looks nothing like the concept
▼ + stars: | 2023-02-13 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +4 min

CNN —Ram revealed the production version of its electric pickup in a Super Bowl commercial, and it turns out that it looks much like today’s internal combustion powered Ram 1500 truck, instead of the futuristic concept unveiled just last month. But the Ram Rev, due out in late 2024, looks almost exactly like the gas-powered Ram 1500 pickup except for its headlights and taillights. The Ram 1500 Revolution concept truck offered an extra long cab containing a third row of seats, something not found in other trucks. That’s a feature that will be available in General Motors’ Chevrolet and GMC electric trucks which were revealed last year. The Ram 1500 Rev has distinct headlights and taillights from other Ram pickups.

☆ NHL roundup: Vladimir Tarasenko scores in Rangers debut
▼ + stars: | 2023-02-11 | by ( ) www.reuters.com time to read: +3 min

[1/4] Feb 10, 2023; New York, New York, USA; New York Rangers right wing Vladimir Tarasenko (91) skates against the Seattle Kraken during the first period at Madison Square Garden. Kaapo Kakko and Vincent Trocheck also scored in the three-goal opening period as the Rangers improved to 5-0-1 since revamping their lines. Ryan Lindgren, Jacob Trouba and Zibanejad added goals for New York, and Igor Shesterkin made 26 saves. Andreas Athanasiou finished with a goal and two assists, Colin Blackwell and Seth Jones also scored goals and Sam Lafferty added two assists for the Blackhawks. Mason McTavish scored in a two-point game and Trevor Zegras and John Klingberg added a goal apiece for the Ducks.

☆ Carmaker Stellantis strikes nickel sulphate supply deal with Terrafame
▼ + stars: | 2023-01-18 | by ( ) www.reuters.com time to read: +1 min

PARIS, Jan 18 (Reuters) - Carmaker Stellantis (STLA.MI) and Finnish company Terrafame announced on Wednesday that they had struck a deal whereby Terrafame will supply Stellantis with nickel sulphate over a five-year period, starting from 2025 onwards. "This agreement is part of the key raw material sourcing to fit with our electrified vehicle battery pack needs,” Stellantis Chief Executive Carlos Tavares said in a statement. The carmaker said the agreement with Terrafame "willcover a significant portion of the needs for sustainable regionally sourced nickel." Last week, Stellantis struck a deal with Australian miner Element 25 (E25.AX) for the supply of manganese sulphite, the latest in a series of accords for the procurement of raw materials for electric batteries. Reporting by Sudip Kar-Gupta and Alvise Armellini, Editing by Louise HeavensOur Standards: The Thomson Reuters Trust Principles.

☆ Agnelli warns of Premier League dominance as he quits Juventus
▼ + stars: | 2023-01-18 | by ( Giulio Piovaccari | ) www.reuters.com time to read: +4 min

SummarySummary Companies Agnelli warns Premier League will marginalise rivalsStepping down from Juventus and two other board rolesNew Juventus board faces legal battle over accountsTURIN, Italy, Jan 18 (Reuters) - Outgoing Juventus <JUVE.MI> Chairman Andrea Agnelli, who could face trial over the club's accounting, signed off on Wednesday with a plea for reform of European soccer to counteract the power of the English Premier League. As well as leaving Juventus, Agnelli also said he would step down from his board roles at carmaker Stellantis (STLA.MI) and Exor (EXOR.AS), the Agnelli family holding company which controls the football club. Prosecutors in Turin have requested that Agnelli, 11 other people and the club stand trial over allegations of false accounting. "I believed and still believe that European soccer needs structural reforms to tackle the future," he said. Andrea Agnelli retains his role as board member at Giovanni Agnelli B.V., Exor's controlling shareholder, which groups all descendants of Fiat founder Giovanni Agnelli.

☆ Stellantis, Vulcan Energy to develop renewable energy assets in Germany
▼ + stars: | 2023-01-17 | by ( ) www.reuters.com time to read: +2 min

Jan 17 (Reuters) - Automaker Stellantis (STLA.MI) has teamed up with lithium group Vulcan Energy Resources (VUL.AX) to develop geothermal energy projects in Germany to help decarbonise production of electric vehicles at Rüsselsheim, the two companies said on Tuesday. Stellantis' Rüsselsheim facility is where the world's third largest carmaker by sales produces its DS 4 and Opel Astra models. War in Ukraine has tightened Europe's energy supply, causing uncertainty for manufacturers already suffering from strained supply chains for raw materials and components such as semiconductors. Stellantis CEO Carlos Tavares said the partnership with Vulcan reinforced the group's commitment to greater use of cleanenergy. The carmaker, formed two years ago through the merger of Fiat Chrysler and Peugeot maker PSA, already has a deal with Vulcan for lithium supply from the miner's project in the Upper Rhine Valley in Germany.

☆ Carmaker Stellantis seals batteries material deal with Element 25
▼ + stars: | 2023-01-09 | by ( ) www.reuters.com time to read: +2 min

MILAN, Jan 9 (Reuters) - Carmaker Stellantis (STLA.MI) has signed a deal with Australian miner Element 25 (E25.AX) for the supply of manganese sulphite for batteries for its electric vehicles (EVs), the two companies said on Monday. Based on the five-year binding agreement announced on Monday, Element 25 will supply Stellantis with high-purity manganese sulphate monohydrate to be used in battery packs. Element 25 will source the material from its Butcherbird project in Western Australia and plans to construct a processing facility in the United States. Stellantis, meanwhile, will make an equity investment in Element 25, the two companies added in a statement. "Our commitment to a carbon net-zero future includes creation of a smart supply chain to ensure we meet our customers' desire for EVs," Stellantis CEO Carlos Tavares said.

☆ NHL roundup: David Pastrnak's hat trick carries Bruins past Ducks
▼ + stars: | 2023-01-09 | by ( ) www.reuters.com time to read: +5 min

Mandatory Credit: Jason Parkhurst-USA TODAY SportsJanuary 9 - David Pastrnak registered his 13th career hat trick as part of a four-point performance as the Boston Bruins rolled past the host Anaheim Ducks 7-1 on Sunday night. Trevor Zegras scored the lone goal and John Gibson stopped 35 shots for Anaheim, which had won back-to-back games. Jets 7, Canucks 4Kyle Connor had a hat trick and Winnipeg extended its win streak to five games with a high-scoring victory against visiting Vancouver. Travis Konecny and Nicolas Deslauriers scored one goal each for the Flyers, who had their season-best four-game winning streak snapped. Alex Stalock stopped 44 shots to help Chicago win consecutive games for the first time since October.

☆ European shares head for best week since November, inflation data in focus
▼ + stars: | 2023-01-06 | by ( Bansari Mayur Kamdar | ) www.reuters.com time to read: +3 min

The pan-European STOXX 600 (.STOXX) was flat by 0915 GMT. For the week so far, it was up 3.4% following a drop in natural gas prices and upbeat economic data. All eyes are on the December euro zone inflation data due at 1000 GMT, with economists expecting prices to have declined year-on-year for a second consecutive month. "Inflation readings in the euro zone were not all good news, and core inflation remains high," analysts at UBS Global Wealth Management said in a note. "Despite the encouraging data (this week), we expect central banks to stick with a hawkish stance at this time."

☆ NHL roundup: Connor McDavid hits milestone in Oilers' win
▼ + stars: | 2023-01-06 | by ( ) www.reuters.com time to read: +7 min

Barzal is on a career-best, five-game goal streak, and he has six goals and two assists during that span. Vancouver goaltender Collin Delia made 30 saves, while Elias Pettersson, Oliver Ekman-Larsson and Ilya Mikheyev each collected two assists. Ty Smith also scored for Pittsburgh, which lost its sixth straight game, just one off matching its longest losing streak of the season. Nicolas Aube-Kubel, Martin Fehervary and Garnet Hathaway also scored, Dylan Strome had three assists, and Darcy Kuemper made 25 saves. Washington has won a franchise-record seven straight road games and is 7-0-2 in its past nine games overall and 12-2-3 in its past 17.

Companies Stellantis NV FollowJan 5 (Reuters) - Chrysler parent Stellantis NV (STLA.MI) Chief Executive Officer Carlos Tavares said on Thursday that more auto plant closures will happen if high prices for electric vehicles cause vehicle markets to shrink from pre-pandemic levels. Automakers will risk losing pricing power as chip supplies recover, Tavares said at the CES technology trade show in Las Vegas. Stellantis said last month it would indefinitely idle an assembly plant in Belvidere, Illionois, citing high costs for electric vehicles. Tavares told reporters said similar actions "will happen everywhere as long as we see high inflation of variable costs." The company had flagged that increasing costs related to the electrification of the automotive market as the most impactful challenge affecting the auto industry.

☆ Stellantis CEO delivers a technology statement with a Ram truck
▼ + stars: | 2023-01-05 | by ( Joseph White | ) www.reuters.com time to read: +2 min

The electric "Ram 1500 Revolution," unveiled at CES in Las Vegas, is a one-of-a-kind show vehicle meant to whet appetites for a production model due in 2024. It will arrive after rivals' offerings in one of the most important segments of the North American electric vehicle market. The real electric Ram truck will launch more than two years after the smaller Rivian (RIVN.O) R1T electric pickup and Ford's (F.N) F-150 Lightning electric truck. Tesla CEO Elon Musk has said the long-delayed Cybertruck will launch this year from a factory in Texas. ($1 = 0.9479 euro)Reporting by Joe White in Las Vegas Editing by Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

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