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News in-depthAutomobiles
Auto industry recovery has favoured investors and bosses over workers
...These included a one-off dividend of $3.5bn from Fiat Chrysler ahead of the merger with PSA to form Stellantis in 2020 to equalise the value of the combining companies....
September 23, 2023
Inside BusinessPeter Campbell
How a survivalist mentality has helped Stellantis eclipse VW
...When demand for one type falls, the same workers can increase production of alternatives....
March 13, 2024
FT Live
Future of the Car
The technology and new business models shaping the next decade in automotive
Tuesday, 7 MaySancroft, Paternoster Square, London EC4M 7DQ, UK
Stellantis
Stellantis chief’s pay package approved by investors despite dissent
...The company was formed in early 2021 through the merger of France’s PSA, the maker of Peugeot, and Italian-US peer Fiat Chrysler....
April 16, 2024
UK insurance industry
UK car insurance prices fall for first time in two years
...That was up 43 per cent from the same period last year, but down from £995 between October and December last year, the highest level since data collection began in 2006....
April 18, 2024
News in-depthGeely Automobile Holdings Co Ltd
Geely’s funding hopes clouded by Lotus share price collapse
...“They will need a lot of money,” admits one current director within the wider business....
March 11, 2024
Automobiles
Why Giorgia Meloni is picking a fight with Stellantis’ John Elkann
...Fiat merged with US group Chrysler in 2014....
January 27, 2024
FT Live
Global Insurance Summit
Strengthening resilience, capital and innovation as systemic risks evolve
Thursday, 13 JuneLondon, UK
Stellantis
Stellantis gives 56% pay rise to chief Carlos Tavares
...Last year, the three biggest US carmakers — Ford, General Motors and Stellantis, which owns Chrysler — suffered strikes during wage negotiations with the United Auto Workers union....
February 23, 2024
Electric vehicles
Stellantis warns of EV ‘bloodbath’ as Ford cuts F-150 Lightning output
...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...
January 19, 2024
Inside BusinessSilvia Sciorilli Borrelli
The threat to the Italian heritage in car manufacturing
...The Paris-based carmaker, created in 2021 from the merger between Italy’s Fiat-Chrysler and France’s PSA, seemingly backtracked last week in a bid to ease tensions with Rome and unions....
February 29, 2024
News in-depthAutomobiles
Zombie car factories on the rise in China as buyers opt for EVs
...“No one was willing to buy the plant at a high price.”...
March 14, 2024
Special ReportBusiness School Sustainable Education
Business school teaching case study: how electric vehicles pose tricky trade dilemmas
...In October, GM announced a one-year delay in expanding production for all-electric trucks at its Orion Assembly plant in Michigan....
March 12, 2024
Volkswagen AG
Volkswagen fails to win ground in China
...VW, one of Germany’s largest companies and employers, was one of the first western companies to start doing business in China in the 1970s and today depends on the country for at least half of its annual...
January 9, 2024
News in-depthAutomobiles
How VW and Toyota became the targets of an emboldened US union
...“We’re not Ford, GM and Chrysler building these $30, $40 or $50,000 cars,” he said. “Our cars are $100,000-plus. So why would we not deserve this? Because we live in Alabama?...
April 4, 2024
News in-depthAutomobiles
Paris SUV vote sets up Europe’s battle over large cars
...Defenders of the cars say SUVs are one of the biggest segments for electric innovation....
January 31, 2024
General Motors Co
US carworkers suspend strike after reaching tentative deal with GM
...US president Joe Biden flashed a thumbs-up when reporters asked about the deal as he boarded Air Force One on Monday, saying: “I think it’s great.”...
October 30, 2023
FT Live
Global Private Banking Awards 2024
Celebrating excellence in wealth management
Thursday, 7 NovemberThe Landmark London, London, UK
Tesla Inc
Tesla strikes in Sweden are ‘insane’, says Musk
...Unions in Norway, one of Europe’s biggest markets for electric vehicle sales, said they will stop Teslas destined for Sweden being unloaded in the neighbouring Scandinavian country....
November 23, 2023
The Big Read
China’s electric vehicle dominance presents a challenge to the west
...One of the ways in is to establish a base on America’s southern flank.”...
January 5, 2024
News in-depthBYD Co Ltd
Wang Chuanfu, the driving force behind BYD’s rise
...In one example, in BYD’s early days, Wang acquired a panel-stamping tool from Jeep in Beijing....
January 4, 2024
Stellantis
Stellantis seeks to overtake Ford in sales of pick-ups and vans by 2027
...Commercial vehicles already account for a third of revenues for Stellantis, which was formed by the merger of Fiat Chrysler and PSA in 2021, and about half of its profits....
October 18, 2023
Shawn Fain
How ‘true believer’ Shawn Fain reignited pro-union fervour in Detroit
...Two grandparents worked in the car industry, one starting at Chrysler in 1937. The labour leader keeps one of his grandfather’s old payslips in his wallet....
September 22, 2023
News in-depthTesla Inc
Sweden’s Tesla strikes pit Elon Musk against European labour ideals
...“The question is much bigger for the union movement because if they cave for Tesla then we will have to cave for the next one as well, then the next one, then in the long run there will be no collective...
November 30, 2023
General Motors Co
GM launches all electric line-up in Europe
...A year later it sold its lossmaking Opel and Vauxhall brands to PSA, which is now owned by Chrysler owner Stellantis, for €2.2bn, following almost two decades in which it failed to turn a profit in Europe...
October 5, 2023
Stellantis
Stellantis to invest €1.5bn for 20% stake in Chinese EV maker Leapmotor
...“We need to be one step ahead of what the political leadership will do as our lead time is much longer,” Tavares added....
October 26, 2023
The Big Read
The unexpected revival of America’s trade unions
...In 1954, one in three US workers belonged to a union. Now it is one in 10. The UAW claims 400,000 members in a range of industries, a quarter of the peak of 1.5mn in 1979....
December 13, 2023
Rana Foroohar
The stakes of the US autoworker strike could not be higher
...last Friday, the United Auto Workers of America, which represents roughly 40 per cent of all industry employees in the US, is taking on the “big three” car manufacturers: GM, Ford and Stellantis (formerly Chrysler...
September 18, 2023

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