Stellantis is pausing production at assembly plants in Canada and Mexico. It will result in temporary layoffs of roughly 900 U.S.-represented employees in addition to the thousands of employees at the assembly plants.
Stellantis NV, maker of Ram trucks and Jeeps, said on Thursday it was temporarily laying off 900 workers at five U.S. facilities after President Donald Trump's tariffs were announced, and temporarily pausing production at an assembly plant in Mexico and in Canada.
Carmaker Stellantis will close its assembly plant in Windsor, Ontario for two weeks, Canadian labour union Unifor said on Wednesday.
Carmaker Stellantis has signed a deal with trade unions for 350 voluntary exits from its Pomigliano and Pratola Serra plants in southern Italy, the Fiom union said on Wednesday.
John Elkann, the chairman of Stellantis , voiced concerns on Thursday over the impact of 25% U.S. tariffs imposed on the carmaking sector on the cost of vehicles and demand.
Italian sports car maker Maserati, one of the worst performing brands within the Stellantis group, said on Wednesday it was boosting lucrative customisation services while working on wider turnaround plans.
Stellantis' Chinese partner Leapmotor plans to roll out vehicles equipped with its smart-driving technologies in Europe next year, the company's senior vice president said on Wednesday.
Jeep-maker Stellantis is offering a new round of buyouts for some of its factory workers as the automaker looks to cut costs following a difficult 2024.
Stellantis and its Chinese partner Leapmotor consider Spain the top candidate to produce the B10 electric crossover for the European market from 2026, a person with direct knowledge of the matter said.
Piper Sandler analyst Alexander Potter downgraded the shares of Stellantis NV STLA from Overweight to Neutral rating and lowered the price forecast from $23 to $13.
Automaker Stellantis remains on course to appoint a new chief executive in the first half of the year, Chairman John Elkann said on Wednesday.
Stellantis N.V. (NYSE:STLA ) Wolfe Research Virtual Autos Summit March 18, 2025 1:20 PM ET Company Participants Doug Ostermann - CFO Conference Call Participants Emmanuel Rosner - Wolfe Research Emmanuel Rosner My name is Emmanuel Rosner and I am the lead auto's analyst here at Wolfe Research.