MILAN, Italy — A court in Turin is set to rule in the coming weeks on an inheritance dispute dividing the Agnelli family, the founders of the Fiat car company and arguably the best known of Italy’s business dynasties. The case stems from the estate of Gianni Agnelli, the celebrated Fiat boss who was a
OTTAWA — Canada has increased its planned support to carmaker Stellantis to build a battery plant in Windsor, Ontario, the industry minister said on Tuesday, but it wants the Ontario provincial government to help pay for it. To break the “stalemate,” it is important that Ontario “pay its fair share,” Industry Minister Francois-Philippe Champagne told
Stellantis has issued a global recall for approximately 220,000 Jeep Cherokee SUVs manufactured between 2014 and 2016. Owners of these vehicles have been advised to park them outdoors and away from other vehicles due to a potential fire hazard associated with the power liftgates. Even when the engines are turned off, the power liftgates have
Canadian Prime Minister Justin Trudeau greets a Stellantis auto assembly worker during a tour of the Windsor Assembly Plant in Windsor, Ontario, in January. (Reuters) OTTAWA — Automaker Stellantis has stopped all construction at a more-than C$5 billion ($3.74 billion U.S.) electric vehicle battery manufacturing plant in Windsor, Canada, over a disagreement with the federal
Stellantis, the global automotive company formed through the merger of Fiat Chrysler Automobiles (FCA) and PSA Group, has reported a boost in revenue for the first quarter of the year. However, despite this positive development, the company remains cautious about the road ahead, citing ongoing challenges in the industry. Stellantis experienced a 14% increase in
WASHINGTON — Chrysler-parent Stellantis NV wants to cut approximately 3,500 hourly U.S. jobs and is offering voluntary exit packages, according to a United Auto Workers union letter made public Tuesday. The automaker is looking to reduce its hourly workforce offering incentive packages that include $50,000 payments for workers hired before 2007, UAW Local 1264 said
In a wide-ranging discussion about sourcing materials to keep the wheels turning on the electric-vehicle evolution, the head of the Stellantis car-making conglomerate outlined a “volatile” situation that may restrict EV manufacture around the globe. Speaking at a panel this week at the Freedom of Mobility Forum in Detroit and reported in the Detroit News,
DETROIT — Stellantis is moving closer to closing its factory in Belvidere, Illinois, as it prepares for the costly transition from internal combustion to electric vehicles. The factory, which now employs about 1,350 workers, officially was placed on “idle” by the company on Tuesday. That term means it intends to shut down the plant. Belvidere’s
AMSTERDAM — Automaker Stellantis on Wednesday reported its earnings grew in 2022 from a year earlier and said its push into electric vehicles led to a jump in sales even as it faces growing competition from an industrywide shift to more climate-friendly offerings. Stellantis, formed in 2021 from the merger of Fiat Chrysler and France’s
PARIS — Carmaker Stellantis will help build Archer Aviation’s electric aircraft and increase its stake in the U.S. company, the two firms said on Wednesday, driving Archer’s shares up nearly 17%. Industrial firms and new startups are flocking to invest in air taxis, which can take off and land vertically to ferry travellers to airports
