In a statement Carlos Tavares, the CEO of automaker Stellantis said he expects India to be a profitable market and a big growth opportunity. Stellantis, which sells its Citroen and Jeep brands in India, expects revenues from India to more than… Read More ›
In a statement, Comau, the robotics unit of carmaker Stellantis said, it has appointed Pietro Gorlier as its chief executive officer, with effect from April 1. Stellantis was created in 2021 following the merger of Fiat Chrysler and Peugeot-owner PSA. Although… Read More ›
In a statement General Motors Co said, its electric commercial vehicle business, BrightDrop, has signed a deal to supply EVs with Walmart Inc and has expanded its supply agreement with FedEx Corp. It did not announce the financial terms of the… Read More ›
In recent days, European automakers who are already reeling from the global chip shortage have hastened to reassure shareholders that shortages in magnesium do not, for now pose a risk to production plans. Car part suppliers and industry associations have… Read More ›
In a statement Stellantis said, a French court has charged its unit, Peugeot, with consumer fraud and ordered the company to provide $36 million (30 million euros) in in guarantees for potential payouts. The charge, part of a diesel emissions… Read More ›
In a statement, Stellantis, the world’s fourth-largest carmaker said, it has shelved a plan to launch the Peugeot brand in the United States. Instead it will focus on high-margin Jeeps, RAM pickup trucks, Fiat Chrysler’s (FCA) other brands including Chrysler,… Read More ›
In a statement, the French Finance Ministry stated, French companies from the automobile and electronics sectors will collaborate and work together in the near-term in order to improve and fix supply chain glitches that have hit the automotive industry. Carmakers… Read More ›
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