Stellantis
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The CEO of Stellantis, Carlos Tavares resigned, effective immediately today, December 1st. In October of this year, Stellantis announced it had begun the search for a successor to CEO Tavares who was planning to step down sometime in 2026, but tensions were already rising between the board and Tavares after Stellantis issued profit warning guidance in September on its 2024 full-year results. A source inside the company said that the tensions between Tavares and the board stemmed from differing views on the direction of the company. The board was concerned that Tavares was moving too fast and focusing on near-term solutions rather than long term company heal…
Last reply by Drew Dowdell, -
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Starting in 2025 with select EVs, Stellantis vehicles in North America will begin using the SAE J3400 charging connector, more commonly known as NACS. The NACS connector is an evolution of the Tesla plug and is backward compatible. Stellantis was the last large holdout to adopt NACS and this move effectively completes the commitment from all companies to switch to the new standard. An adapter will be made available for owners of vehicles equipped with a CCS port. (At the time of this writing, the only CCS equipped vehicle offered in the US by Stellantis is the Fiat 500e). Stellantis is one of the seven auto makers that have joined forces to build IONNA, a new chargi…
Last reply by Drew Dowdell, -
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On Monday, Stellantis and Samsung announced they had signed a memorandum of understanding to build a second battery manufacturing plant in the US via their joint partnership firm, StarPlus Energy. Their first facility is under construction in Kokomo, Indiana. Targeted for production start in the first quarter of 2025, the plant was initially planned to have a production capacity of 23 gigawatt-hours, later to increase to 33 gigawatt-hours as demand rises. However, the partners are bypassing the initial 23 GWh phase and are building out to the full 33 GWh capacity now. The plant is expected to be further expanded in the future to meet demand. The Kokomo plant is expec…
Last reply by G. David Felt, -
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Today Stellantis CEO Carlos Tavares asked people to join him in embracing a new mindset. Expand one's vision, breaking the limits and seek to transform all facets of one's mobility for the betterment of families, communities and the overall society in which we live and operate. Stellantis will be an industry champion in climate change mitigation with a reduction of carbon create by 50% by 2030 and becoming net zero carbon emission by 2038. Leadership at Stellantis have committed to having 100% of European sales and 50% of United State sales to be battery electric vehicles (BEVs) by 2030. This will be done by having more than 75 BEVs and global annual BEV sales of…
Last reply by G. David Felt, -
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Let get to the meat and potatoes of this big day and post in their bullet list of what Stellantis is going to do: Plans to invest more than €30 billion through 2025 in electrification and software, while continuing to be the automotive efficiency frontrunner, with investment efficiency 30 percent better than industry average Targeting over 70 percent of sales in Europe and over 40 percent in the United States to be low emission vehicle (LEV) by 2030 All 14 brands committed to offering best-in-class fully electrified solutions Delivering BEVs that meet demands of customers, with ranges of 500-800 km/300-500 miles and c…
Last reply by Robert Hall, -
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William Maley Staff Writer - CheersandGears.com October 29, 2013 Fiat has become the sole owner of VM Motori after paying General Motors 34.1 million Euros ($47.1 million) to buy out its stake in the company. A Chrysler spokesman tells Automotive News that the transaction was completed yesterday. VM Motori currently supplies diesel engines for the Jeep Grand Cherokee and Ram 1500. VM Motori manufactures approximately 90,000 engines per year for automotive, marine, industrial and other uses. The company employs around 1,150 people. Chrysler executives have said they'll be watching how consumers react to the new diesels and make decision on whether to expand diesels t…
Last reply by G. David Felt, -
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William Maley Staff Writer - CheersandGears.com October 31, 2012 Bloomberg is reporting that earlier this month, Fiat CEO Sergio Marchionne sat down with PSA-Peugeot/Citroen GM earlier this month about creating an alliance that would become the largest automaker in the region. Marchionne's proposal was to have the three companies form an alliance in exchange for stock. Marchionne also had another proposal on the table where Fiat would take Opel off GM's hands if the company was given between $5 to $7 billion in cash for restructuring costs. PSA-Peugeot/Citroen passed on the alliance because it favors its partnership with GM. Also, if PSA-Peugeot/Citroen went ahead wi…
Last reply by Drew Dowdell, -
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Laura Soave, the head of the Fiat in North America, is leaving the company. Soave oversaw the return of Fiat in North America with 500. However flagging sales, slow dealer network expansion and marketing disasters (see Jeniffer Lopez ads) have cause Soave to leave. Through October, Fiat has only sold 15,826 500s. A far cry from the 50,000 500s goal for 2011. The news is made even worse when Automotive News reports that 29 out of the 150 Fiat dealers didn't sell one 500 last month. Soave's replacement is Timothy Kuniskis. Kuniskis previous position was Director of Product Marketing for Chrysler and Fiat. Source: Automotive News (Subscription Required) Press Rele…
Last reply by bobo, -
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Fiat Gives Green Light To High Performance 4-Cylinder For Alfa William Maley - Editor/Reporter - CheersandGears.com October 3, 2011 Fiat has given the go ahead to a new 1.8L four-cylinder engine that will find their way into Alfa Romeos. The engine, which has been in development since 2006 will be equipped with technologies like direct-injection and turbocharging will be able to produce 300 HP. The engine has been also been engineered to be used in transversal and longitudinal applications and meet Tier 2 Bin 5 regulations for the US. “This is an extremely important step for Alfa Romeo, as we continue to reposition our brand and prepare it for global di…
Last reply by William Maley, -
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Peugeot Announce The New Peugeot Partner and Partner Tepee Automobiles Peugeot Launched in 1996, the Peugeot Partner has been extremely successful in both its small van and MPV versions, with regular year on year increases in global sales over the past eleven years. Capitalizing on the success of the first generation Peugeot Partner, Peugeot will launch a new version of the Partner in the second part of 2008. With the launch of the new Partner, the first generation Partner model will, however, continue to be sold in certain countries with a reduced range of models and will be known as the Partner Origin. Full release and preview photos at AutoReport New Citroën…
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IL Special Report: Inside the New Diesel Hybrids Date posted: 02-03-2006 PARIS — French automaker PSA Citroén has confirmed that it will have two diesel-electric hybrid vehicles in production by 2010. Inside Line had the opportunity to talk with executives behind the new cars and take a prototype out for a spin. The European love affair with diesel power looks set to continue with the announcement that PSA Peugeot-Citroén will have two diesel-electric hybrid cars on the market in four years. The cars promise to cut fuel consumption by 28 percent compared with a conventional diesel. According to PSA Executive Vice President of Innovation Robert Peugeot, a diesel-elect…
Last reply by MyerShift,
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