The company had previously said it would make additional investments in several of its Kokomo facilities to produce an all-new vehicle.
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Adding to the headwinds: an incoming new U.S. president who has disparaged government support for electric vehicles.
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The automaking group will spend some $70 billion through 2030 to launch 60 new models, prioritizing the Jeep, Ram, Peugeot and Fiat brands.
Stellantis NV plans to develop cars with Jaguar Land Rover in the US, the latest step in a deep overhaul for the maker of Jeep sport utility vehicles and Ram trucks.
President Trump said in a social media post that the European Union “is not complying with our fully agreed to Trade Deal.”
While the world’s biggest carmaker has held steady despite a global slowdown in EV demand and the cost of US tariffs on cars and parts, the bigger test for the auto industry will be the degree of disruption from the Middle East conflict.
Filosa said he was optimistic about swinging back to profit in North America, where the company reported a $1.1 billion loss during the second half of the year, following writedowns and charges.
Prices have never been higher — and the auto loans are bigger and longer than ever to make purchases possible. The auto industry is increasingly worried how much more consumers can take.
Stellantis and Samsung SDI formed their Indiana joint venture, StarPlus Energy, in 2021 and began production at a $2.5 billion battery manufacturing plant in Kokomo three years later.
CEO Dan Towriss called the design — unveiled in a Super Bowl ad — “bold, modern and unmistakably American.”
The writedowns, much of which will cover the cost of canceling EVs and compensating suppliers, exceed the impairments Ford Motor Co., General Motors Co. and Porsche AG have announced in recent months.
Under the nationwide settlement, the companies will offer a free repair to all eligible vehicles at a cost that could top $500 million and outfit all future vehicles sold in the U.S. with a key piece of technology.
Did high prices, high interest rates or tariff uncertainty scare you off from buying a new car this year? You’re in good company.
Teams have argued for more than two years that their charters needed to be made permanent and revenue sharing had to change.
Still, consumers remain troubled by a stubbornly high cost of living, which has been a major drag on sentiment this year.
The Transportation Department proposal represents the administration’s latest bid to unwind a suite of policies spurring electric vehicle production that Trump has derided as an “EV mandate.”
The proposal would significantly reduce fuel economy requirements, which set rules on how far new vehicles need to travel on a gallon of gasoline, through the 2031 model year, according to sources.
Ford joins Hyundai on the Amazon Autos portal, which allows car buyers to browse, finance and purchase a used car by clicking on the familiar “add to cart” icon.
The vote followed weeks of debate over his management record at the electric car maker and whether anyone deserved such unprecedented pay.
The deal with Apple was praised by Dan Towriss, CEO of Indianapolis-based TWG Motorsports and the Cadillac Formula 1 team that will debut next season.
The leader of Canada’s most populous province called for economic retaliation on the U.S. over Stellantis’ decision.
General Motors had led the way among U.S. automakers with plans to convert production to an electric fleet of vehicles.
