David Blackmon: Stellantis Turns to Diesel – Implications for Europe’s EV Future
Stellantis Revives Diesel Engines Amid EV Sales Struggles Stellantis, the major automotive group responsible for brands like Vauxhall, Peugeot, and Fiat, has made a notable shift in strategy by reintroducing diesel engines across Europe. This decision follows a significant £19 billion (over $24 billion) loss tied to its rapid shift towards electric vehicles, suggesting that […]
Chrysler’s parent company Stellantis warns against driving 225,000 vehicles
Stellantis Issues “Do Not Drive” Warning for Defective Airbags On Wednesday, Stellantis, the parent company of Chrysler, advised roughly 225,000 owners of older vehicles in the U.S. to refrain from driving due to unrepaired Takata airbag inflators. This urgent notice concerns several older models, including various Dodge Ram, Durango, Dakota, Magnum, Challenger, Chrysler Aspen, and […]
Stellantis incurs a $26.5 billion cost due to reductions in EV production
Stellantis Faces Major Financial Challenges Amid EV Strategy Shift Stellantis announced on Friday plans to confront a staggering $26.5 billion loss, triggered by cuts in vehicle production. Other automakers are also feeling the financial strain after misestimating consumer enthusiasm for electric vehicles (EVs). The company, which encompasses brands like Chrysler, Jeep, Dodge, and Ram, has […]
Stellantis stock falls sharply due to $26.5B charge linked to EV withdrawal
Stellantis Sees Major Stock Drop Following Business Overhaul Announcement On Friday, shares of Stellantis, the parent company of brands like Jeep and Dodge, plummeted by 25%. This decline followed the disclosure of a hefty $26.5 billion charge intended for restructuring efforts, which notably includes stepping back from electric vehicle (EV) initiatives. In early trading on […]
Stellantis Floods Jeep, Chrysler, Ram Infotainment Systems with Car Commercials
Stellantis, the parent corporation of Jeep, Ram, and Chrysler, is facing criticism for sending marketing notifications directly to vehicle infotainment screens, which has led to a lively debate over the acceptability of these methods. The Drive reports that Stellantis is now delivering marketing pop-up ads directly to the screens of Jeep, Ram, and Chrysler vehicles. […]
Stellantis Unveils $13 Billion Investment in the U.S. Aims to Bring Production Back Home
Stellantis to Invest $13 Billion in U.S. Manufacturing Stellantis, the automotive giant, has revealed plans for a significant investment of $13 billion in the United States, following President Donald Trump’s tariff announcement. This investment is expected to result in the creation of more than 5,000 jobs in the automotive sector. According to reports, the 25% […]
Stellantis, the owner of Jeep and Ram, announces a $13 billion investment in U.S. manufacturing amid Trump’s push for reshoring.
Stellantis Unveils $13 Billion Investment in U.S. Manufacturing Stellantis, one of the major automakers in Detroit, announced on Wednesday a substantial $13 billion investment in its domestic manufacturing operations over the next four years. This decision aligns with President Trump’s push for companies to enhance their presence in the United States. This investment will boost […]
Stellantis Affects Jeep Hybrids with Flawed Software Update, Stranding Owners
Jeep Wrangler 4xE Software Update Causes Major Issues for Owners A recent software update for the Jeep Wrangler 4xE Plug-in Hybrid has reportedly led to significant problems, leaving several owners in challenging situations after their vehicles malfunctioned following the update. Stellantis announced on Friday that it released an over-the-air (OTA) software update for the UConnect […]
Stellantis faces significant breach of third-party data
Stellantis Faces Data Breach After Cyber Attack Stellantis, the automotive giant formed from the merger of PSA Group and Fiat Chrysler in 2021, recently announced a data breach that occurred when an attacker infiltrated a third-party customer service platform in North America. During this breach, customer contact details were exposed, making it part of a […]
Hemi strong: Stellantis prioritizes performance over outdated electric vehicle rules
The Shifting Landscape of Electric Vehicles It seems the electric vehicle dream is starting to unravel. Stellantis, a major player in the automotive world, has decided to halt its all-electric RAM 1500 Rev Pickup. Likewise, Chrysler is scaling back its commitment to being fully electric, while Jeep appears to be leaning towards hybrid options—reintroducing the […]