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Stellantis

GM profit shrugs off chip shortage with high-priced pickups, SUVs
Business & Finance

GM profit shrugs off chip shortage with high-priced pickups, SUVs

  • Barra added that the No. 1 US automaker's "supply chain and manufacturing teams are maximizing production of high-demand and capacity-constrained vehicles."
  • In a conference call with reporters, Barra said that the chip shortage will worsen in the second quarter before starting to improve in the second half of the year.
Published 05 May, 2021 06:18pm
Stellantis may delay Alfa Romeo Tonale SUV production to 2022
Business & Finance

Stellantis may delay Alfa Romeo Tonale SUV production to 2022

  • Ferdinando Uliano said FIM CISL was asking the company to meet its target to start (Tonale's) production by the end of this year.
  • "We want to be on the market with the most updated electrified offer, leveraging on the Stellantis technology and know-how. Our teams in Pomigliano are strongly working to update the production line," it said.
Published 08 Apr, 2021 06:28pm
Stellantis to add Peugeot 308, Opel Astra to electrified range this year
Business & Finance

Stellantis to add Peugeot 308, Opel Astra to electrified range this year

  • As part of its plan, Stellantis has said it would increase the number of hybrid or fully electric vehicles to 40 models by the end of this year from 29 now.
  • Stellantis plans to have fully-electric or hybrid versions of all of its vehicles available in Europe by 2025, broadly in line with plans rivals such as Volkswagen and Renault-Nissan.
Published 30 Mar, 2021 09:54pm
Stellantis to halt production at Italian car plant in April
Business & Finance

Stellantis to halt production at Italian car plant in April

  • Production at the plant, where the world's fourth largest automaker makes Jeep Renegade and Compass models and the Fiat 500X compact SUV, has been repeatedly disrupted due to weak demand and semiconductor supply shortages.
  • The FIM CISL union said last week the firm was considering permanently closing one of its two production lines at the Melfi plant to address excess capacity in Italy.
Published 29 Mar, 2021 07:09pm
Stellantis examining line closure at Italy's Melfi car plant
Business & Finance

Stellantis examining line closure at Italy's Melfi car plant

  • Jeep's Renegade and Compass models and the Fiat 500X compact SUV are produced at Melfi, which is considered the most efficient Stellantis plant in Italy, but could be moved to a single production line.
  • The carmaker's production is under scrutiny in the country for costing more than elsewhere, as Stellantis seeks more than 5 billion euros ($5.9 billion) a year in savings.
Published 25 Mar, 2021 08:34pm
European stocks slip
Markets

European stocks slip

MILAN/FRANKFURT: European stocks inched lower on Monday as French retailer Carrefour tumbled after ending 16.2...
Published 19 Jan, 2021 04:22am