Antonio Filosa is stepping into the role of CEO at automaker Stellantis with a host of challenges in front of him. Relationships with employees and dealers have fractured, the company is trying to grow retail market share, and the auto industry is facing regulatory uncertainty.
Stellantis' Antonio Filosa on Monday unveiled a new management team on his first day as CEO for the world's fourth largest carmaker, saying he would retain the role of chief for the key North America market.
Stellantis is considering a possible sale of its struggling luxury Maserati unit, among other options, two sources with knowledge of the matter said, as the automaker seeks to overhaul its sprawling portfolio of 14 brands.
Ram Trucks plans to introduce an industry-leading warranty across its 2026 vehicle lineup this year. The warranty covers the engine, transmission, transfer case, driveshafts, differentials, and axles for 10 years or 100,000 miles, whichever comes first.
Europe needs small and affordable cars like Japan's so-called 'kei cars', Stellantis Chairman John Elkann said on Thursday, as high prices, which he blamed on regulation in the region, weigh on consumer demand.
Stellantis has expanded its voluntary redundancy scheme for Italy, affecting almost 700 workers at two plants in the south of the country, and bringing to almost 2,500 the planned workforce reduction this year, the carmaker said late on Tuesday.
Stellantis' new CEO Antonio Filosa will earn at least $4 million annually in his first two years at the helm, rising to up to $23 million a year from 2028, including bonuses, a document showed, although his remuneration will be lower than predecessor Carlos Tavares.
Stellantis is resurrecting its well-known V-8 Hemi engine for its Ram 1500 full-size pickup trucks beginning this summer. The return of the 5.7-liter version of the engine comes after the company discontinued it amid tightening fuel economy regulations and a company-wide push toward electric vehicles.
Stellantis-backed Leapmotor delivered a record 45,067 vehicles in May, reflecting year-on-year growth of 148%. Industry giant BYD maintained its stronghold in the industry, with 376,930 cars sold in May.
Jeep revealed the first details and image of its new Cherokee SUV, which the company expects to assist in the brand's turnaround when it arrives later this year. The Stellantis brand said the new midsize SUV will feature a hybrid powertrain option.
STLA to part ways with Amazon on in-car tech project, shifting to Android-based systems while advancing AI and automated driving plans.
U.S. dealers of Jeep SUVs and Ram pickup trucks are pinning their hopes on new Stellantis CEO Antonio Filosa to turn around months of disappointing sales and weakening trust.