Stellantis has set up a "war room" to address possible chip shortages stemming from issues at Dutch group Nexperia linked to the U.S.-China trade war, the automaker's CEO said on Thursday.
The automaker cautioned that it expects to incur charges in the second half as it continues making changes to its strategic and product plan.
A Stellantis plant in Michigan will remain shut down for several weeks due to a shortage of key components, Bloomberg News reported on Tuesday.
Canadian leaders said Wednesday that Jeep-maker Stellantis's decision to invest $13 billion in the United States threatens Canadian jobs, urging action to counter what they called another casualty of President Donald Trump's trade war.
Stellantis is recalling 298,439 Dodge Dart vehicles in the U.S. due to a shifter cable defect that could disable the park function and allow the vehicle to rollaway, the U.S. National Highway Traffic Safety Administration said on Wednesday.
Stellantis, the international automaker that owns Chrysler, Jeep, and Ram, said it will invest $13 billion to beef up its U.S. manufacturing over the next four years as part of a broader revival plan directed by its new CEO.
The automaker says that American production will grow by 50% with 5,000 new jobs at plants across the Midwest.
Chrysler parent Stellantis said on Tuesday that it would invest $13 billion in the United States to help expand production in the country.
Stellantis plans to invest $13 billion in U.S. auto manufacturing operations over the next four years, as the company executes a turnaround under CEO Antonio Filosa.
Jeep is overhauling its top-end Grand Wagoneer lineup for the 2026 model year under a yearslong turnaround plan. The changes include updated exterior styling, a new extended-range powertrain and a simplified model lineup all under the "Grand Wagoneer" name.
Stellantis has told analysts that new CEO Antonio Filosa would take longer than initially envisaged to prepare the automaker's latest strategic plan, which was now expected in the first half of 2026.
The latest trading day saw Stellantis (STLA) settling at $9.81, representing a -7.37% change from its previous close.