Stellantis chief executive Carlos Tavares resigns as carmaker struggles | Stellantis
Jeep, Fiat and Peugeot car maker Stellantis announced on Sunday that Carlos Tavares will step down as chief executive and aim to find a new leader in the first half of next year. Tavares, previously considered one of the auto industry's most respected executives, said earlier this year that Stellantis issued a profit warning for […]
Carmaker Recalls Over 400,000 SUVs Over Crash Risk From ‘Unintended Vehicle Movement’
Kia America is recalling 427,407 Kia Telluride SUVs over concerns that a shaft misalignment could cause the vehicles to move while parked and cause a crash, authorities announced Tuesday. The Irvine, Calif.-based manufacturer said the intermediate shaft and right front driveshaft in each affected vehicle “may not fully mate due to suspected improper assembly by […]
Second major carmaker says it won’t advertise during Super Bowl
Automaker Stellantis announced Friday that it will opt out of this year's Super Bowl advertising. A Stellantis spokesperson said: “We remain focused on maintaining the fundamentals of our business to mitigate the impact of the challenging U.S. auto market, and we are evaluating our business needs and taking steps to protect our North American operations […]
Elon Musk’s Tesla losing EV race to Chinese carmaker BYD
Elon Musk's Tesla is on the verge of being dethroned as the world's best-selling electric car by a little-known Chinese competitor, according to reports. BYD, short for Build Your Dreams, is expected to surpass Tesla in global sales by the end of the quarter on Dec. 31, as China accelerates in the race for global […]
Former Nissan chief Carlos Ghosn files $1B lawsuit against carmaker over Japan imprisonment
Madison Alworth of FOX Business discusses the latest innovations in electric vehicles at the New York International Auto Show. Former Nissan boss Carlos Ghosn has filed a $1 billion lawsuit in Beirut against the automaker and about a dozen people who will remain unnamed after spending time in a Japanese prison, Lebanese authorities said Tuesday. […]
Italy’s government sees no need for direct investment in Stellantis as carmaker thrives
Economy Minister Giancarlo Giorgetti on Monday echoed similar comments made by the group’s chairman last week, suggesting that Sterantis is performing so well that the Italian government does not need to invest directly in it. . Asked by reporters whether Roma should buy a stake in Stellatis to give it more say in its management, […]
