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STELLANTIS CUT COSTS
Ferrari and BMW join Tesla, China in switch from copper to cheaper aluminiumLuxury carmakers Ferrari and BMW are embracing aluminium wiring, following Tesla and Chinese EV manufacturers. This significant industry sh...- JLR sets out path to double-digit revenue growth through greater propulsion flexibility, North America pushJaguar Land Rover is launching a new growth plan. The company will offer more engine choices, including electric and hybrid options, for it...
- US companies, shamed by Trump, tiptoe into $166 billion tariff refund raceAfter a landmark Supreme Court ruling, U.S. businesses are strategically striving to salvage billions in refunds from now-invalid tariffs. ...
- Mistral AI buys Austrian physics AI startup in industrial pushFrance's Mistral AI has acquired Emmi AI from Austria. This move aims to boost Mistral's services for European industrial clients. Emmi AI ...
- Why US stock market surging big today on final day of April? Dow Jones, S&P 500 and Nasdaq all in green as Dow jumps record 500 points — Nvidia, Intel and Meta Platforms stocks crashUS stock market surging big today. Dow Jones, S&P 500 and Nasdaq rally as Dow jumps record 500 points. A powerful mix of blowout earnings, ...
- Stellantis is stronger after year of reckoning, says John ElkannStellantis is now prioritizing product enhancements after a period of cost reductions. The automaker is improving quality and expanding hyb...
- What happened to Stellantis shares? Stellantis stock crashes 25% in a single day as Jeep, Ram, and Dodge owner’s €22 billion EV reset shocks investorsStellantis (STLA) stock tumbles 25% today: Stellantis shares crashed 25% in one session. A €22 billion EV write-down triggered the collapse...
- Why did Volvo stock crash 25% today? Here’s what spooked investorsVolvo Cars shares crashed after the company reported weak earnings and warned of tough times ahead. Profits fell sharply, missing market ho...
- It’s not just Microsoft, Google, or Amazon — top European companies have also laid off a massive number of employees since April; here’s what you need to knowEuropean firms are reducing workforce due to economic challenges. Several companies including Stellantis, Volkswagen, and Volvo Trucks have...
- Jeep maker Stellantis delivers 12% fewer cars in 2024Global automaker Stellantis reported Thursday a stinging 12 percent drop in the number of vehicles it sold last year, with its key North Am...
- Stellantis reverses Ohio layoffs weeks after CEO's abrupt departureStellantis has canceled the layoff of 1,100 workers at its Ohio Jeep plant. The decision comes after former CEO Carlos Tavares resigned. Ta...
- Mercedes' top supplier survived Napoleon, the Great Depression & two world wars. But not the current auto slumpEurope's auto slump is crippling small manufacturers in the automotive supply chain. Gerhardi Kunststofftechnik GmbH, a long-time Mercedes ...
- Europe's carmakers discount EVs, hike petrol car prices as new emissions rules loomEuropean car makers are increasing petrol car prices. They are also discounting electric vehicles. New EU emission rules are forcing this c...
- Stellantis CEO Carlos Tavares steps down as carmaker continues struggle with slumping salesStellantis CEO Carlos Tavares is resigning after nearly four years. The company, which includes brands like Jeep and Citroen, is currently ...
- In high-wage Germany, Volkswagen's labour costs outstrip the competitionVolkswagen faces pressure to reduce labor costs in Germany as they exceed those of rivals like BMW and Mercedes-Benz. While unions demand a...
- Why Stellantis, owner of Chrysler, Jeep and Ram, is strugglingStellantis, the automotive giant behind brands like Chrysler and Jeep, is grappling with falling sales and profits. Dealers criticize the c...
- Stellantis reviews rollout of European dealer rejig amid IT glitchesAs part of efforts to cut costs and support investments for electrification, the world's third-largest automaker has ended its previous con...
- Autoworkers strike cut Ford sales by 100,000 vehicles and cost company USD 1.7 billion in profitsAdditional labour costs from the four-year and eight-month agreement will total USD 8.8 billion by the end of the contract, translating to ...
- UAW strike: What is it and what are the workers demanding? Know all about the walkouts and companies’ responseThe United Auto Workers union has escalated its fight with some of America's biggest carmakers by taking strike action at dozens of parts d...
- Ford cutting 3,000 white-collar jobs in bid to lower costsThe cuts represent about 6% of the 31,000 full-time salaried work force in the U.S. and Canada. Ford's 56,000 union factory workers are not...
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