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...But Stellantis has strengths, not least a vibrant US operation, with the profitable RAM pick-up trucks and Jeep vehicles. Yet ultimately this is a tale of two cultures....
...Stellantis was formed by the merger of Peugeot owner PSA — which itself bought lossmaking Opel and Vauxhall from General Motors — and Fiat Chrysler, a business created when the bankrupt Chrysler was sold...
...But Fiat-Chrysler was larger, owned the highly profitable Jeep and Ram brands, and “could have negotiated a more balanced board composition”, said Chiaroni....
...A longtime reformer in the UAW ranks, Fain campaigned for the union presidency after a corruption scandal that resulted in prison sentences for multiple union officials and personnel at Fiat Chrysler America...
...Stellantis, which was formed by the merger of Italian-American group Fiat Chrysler and France’s PSA in 2021, will pay out a €4.2bn dividend and buy back about €1.5bn of shares after the results....
...Stellantis, which was formed by the merger of Italian-American group Fiat Chrysler and France’s PSA, will pay out a €4.2bn dividend and buy back about €1.5bn of its own shares....
...Stellantis, which also has the Ram, Alfa Romeo and Peugeot brands, was formed last year by the merger of Fiat Chrysler and Peugeot owner PSA, and was initially slow to embrace electric vehicles....
...The shift follows a long-running struggle by Stellantis, formed following the merger last year of Peugeot maker PSA and Fiat Chrysler (FCA), to make a dent in the Chinese market....
...Half of the sales from the Jeep and Ram owner in the US will be fully electric by the end of the decade, while upmarket brands Alfa Romeo and Maserati will only launch battery models after 2025, the company...
...Stellantis, whose brands include Fiat, Jeep and Ram, said that while all its North American plants were running, some in the US and Canada had cut their second shifts short on Wednesday night because of...
...Jeep, historically a major profit generator for Fiat Chrysler, promised to release a battery model in every segment by 2025, while its Ram brand will produce a fully electric pick-up truck in 2024....
...Stellantis, the carmaker created by the merger of Fiat Chrysler and PSA, has warned the global semiconductor shortage will hit production harder in the second quarter than in the first three months of the...
...The Jeep- and Ram-owner suffered a global sales drop of 63 per cent to 424,000 vehicles, with revenues declining 56 per cent to €11.7bn, as the global pandemic hit consumer spending....
...Fiat Chrysler fell to a €1.7bn loss and burnt through billions of euros in cash in the first quarter as coronavirus severely disrupted the auto market....
...There will be myriad obstacles to steer around when Peugeot (PSA) takes control of Fiat Chrysler, as agreed on Wednesday....
...The F-series comprised 29 per cent of US light truck sales in 2019, ahead of the Ram pick-up from Fiat Chrysler Automobiles and Chevrolet Silverado from General Motors, which had 20 and 18 per cent of the...
...Fiat Chrysler and France’s PSA, the owner of Peugeot, have struck a merger deal to create the world’s fourth-largest carmaker at a time of sweeping change in the auto industry....
...After years of flirting, France’s PSA and Italian-American group Fiat Chrysler are finally moving towards a marriage....
...With a quick “Add to basket”, the decision to dodge the balloon payment and upgrade within Fiat Chrysler had been made....
...Demand for pick-up trucks in North America drove profits at Fiat Chrysler higher by 14 per cent in the second quarter of the year, in spite of an 11 per cent fall in car sales globally....
...The company, which owns Jeep, Ram, Dodge, Alfa Romeo and Maserati, said the results were in line with its own expectations and maintained its annual profits forecasts of €6.7bn, figures it downgraded three...
...FCA’s line-up of sport utility vehicles and pick-up trucks through the Jeep and Ram brands contrast with Renault’s slim selection of larger vehicles....
...Sales across the Dodge, Chrysler, Fiat and Alfa Romeo brands also fell....
...Fiat Chrysler Automobiles will spend $4.5bn building a new plant in Michigan and extending two others to produce future Jeep models, in a boost to President Donald Trump’s ambition to revive the US motor...
...The company, which owns the Jeep, Fiat, Ram, Alfa Romeo and Maserati brands, had intended to remove the diesel option from its cars by 2022 as part of a plan that includes more investment in electric vehicles...
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