Why Stellantis, Owner of Chrysler, Jeep and Ram, Is Struggling
WEBSep 29, 2024 · Operating profit will be, at best, 7 percent of sales compared with an earlier forecast of more than 10 percent, Stellantis said. The news sent the company’s share price down roughly 14 percent ...
Stellantis to lay off up to 2,450 factory workers as classic ...
WEBAug 9, 2024 · Chrysler-parent Stellantis is laying off as many as 2,450 factory workers from its Warren Truck assembly plant outside of Detroit as the automaker ends production of the Ram 1500 Classic truck.
Stellantis shares plunge as carmaker follows Volkswagen in ...
WEBSep 30, 2024 · Shares in Chrysler parent Stellantis plunged almost 14% in Milan Monday after the Italian-American carmaker slashed its forecasts for full-year profitability and cash flow, citing weaker global...
CEO: Stellantis has achieved $9 billion in cost reductions ...
WEBJun 13, 2024 · Since merging Fiat Chrysler and PSA Groupe to form Stellantis in 2021, the automaker's adjusted operating income rose by 31% from 2021 through last year. Its adjusted profit margin is also up,...
Chrysler Heir Sends Proposal To Stellantis For Brands
WEBAug 27, 2024 · Frank B. Rhodes, Jr., the great-grandson of Chrysler Corporation founder Walter P. Chrysler, has put forward a detailed proposal to Stellantis CEO Carlos Tavares regarding the future of the Chrysler and Dodge brands.
Stellantis to Chrysler's great-grandson: No brands are for sale
WEBAug 30, 2024 · In a letter to Stellantis CEO Carlos Taveres, a great-grandson of Walter Chrysler asks to buy Chrysler and Dodge. Here's the automaker's response.
Stellantis to offer broad buyouts to U.S. salaried workers ...
WEBJul 30, 2024 · DETROIT — Automaker Stellantis plans to once again reduce its U.S. employee headcount through a broad voluntary buyout, as the company attempts to reduce costs and boost profits.
CHRYSLER HEIR PROPOSES TO BUY THE CHRYSLER/DODGE …
WEBAug 30, 2024 · Frank B. Rhodes, Jr. the great-grandson of Walter P. Chrysler, has sent a proposal to Stellantis, N.V., and its CEO, Carlos Tavares and announced his desire to ACQUIRE AND REINVIGORATE THE...
To cut costs and keep vehicle prices down, Stellantis makes ...
WEBJul 30, 2024 · Jeep and Ram maker Stellantis says it will offer buyout packages to many of its U.S. white-collar workers just five days after the company’s CEO said the auto industry is in the middle of a significant storm.
Stellantis ready to axe brands and fix US problems, CEO says
WEBMILAN, July 25 (Reuters) - Stellantis is taking steps to fix weak margins and high inventory at its U.S. operations and will not hesitate to axe underperforming brands in its sprawling portfolio,...