Stellantis Sued By Shareholders Over Godawful Earnings

Stellantis Sued By Shareholders Over Godawful Earnings

Good morning! It’s Friday, August 16, 2024, and this is The Morning Shift, your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you need to know. The Property Brothers First Car Literally Spoke To Them 1st Gear: Stellantis Shareholders Sue Over Sucky Earnings Stellantis … Read more

UAW president slams Stellantis CEO over job cuts, alleged price gouging

UAW president slams Stellantis CEO over job cuts, alleged price gouging

UAW President Shawn Fain chairs the 2023 Special Elections Collective Bargaining Convention in Detroit, Michigan, U.S., March 27, 2023.  Rebecca Cook | Reuters DETROIT – United Auto Workers President Shawn Fain ratcheted up criticism of Stellantis CEO Carlos Tavares in a video Friday afternoon, accusing the chief executive of price gouging consumers and failing to … Read more

Elon Musk May Want Trump, But Tesla Doesn’t Want His Policies

Elon Musk May Want Trump, But Tesla Doesn’t Want His Policies

Happy Monday! It’s August 12, 2024, and this is The Morning Shift, your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you need to know. Tesla Had A Very Interesting Week 1st Gear: Musk Backs Trump, But Tesla Lobbies Against His Policies Elon Musk … Read more

Stellantis Might Drop Maserati: Report [Update: It’s Not]

Stellantis Might Drop Maserati: Report [Update: It’s Not]

Maserati is in bad shape and things look so bleak that Stellantis is considering selling it off, if reports found by Road & Track via Automotive News Europe are any indication. Maserati GranTurismo Comes in Gas and EV Models Updated Thursday August 1, 2024 8:20 a.m. – Stellantis released this official statement regarding Maserati: Stellantis … Read more

Stellantis to offer buyouts to U.S. salaried workers

Stellantis to offer buyouts to U.S. salaried workers

CEO of auto giant Stellantis Carlos Tavares speaks to journalists during a joint media event by Stellantis and Leapmotor in Hangzhou, in eastern China’s Zhejiang province on May 14, 2024.  – | Afp | Getty Images DETROIT – Automaker Stellantis plans to once again reduce its U.S. employee headcount through a broad voluntary buyout, as … Read more

Stellantis Is In Big Trouble Following Awful First Half Of 2024

Stellantis Is In Big Trouble Following Awful First Half Of 2024

Good morning! It’s Friday, July 26, 2024, and this is The Morning Shift, your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you need to know. AAA Offers an Emergency Charging Solution When Your EV Runs Out of Range 1st Gear: Stellantis Scrambles After … Read more

Ford’s Warranty Costs Rose $800 Million In The Second Quarter

Ford’s Warranty Costs Rose 0 Million In The Second Quarter

Good morning! It’s Thursday, July 25, 2024, and this is The Morning Shift, your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you need to know. BMW F 900 GS And BMW CE 02: What Do You Want To Know? 1st Gear: Warranty Costs … Read more

Rivian Slashes Production Costs To Cut Its $39,000 Loss On Every EV Sold

Rivian Slashes Production Costs To Cut Its ,000 Loss On Every EV Sold

Good morning! It’s Tuesday, June 25, 2024, and this is The Morning Shift, your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you need to know. Rivian Unveils Trio of New Electric Vehicles 1st Gear: Rivian Cut Costs As It Continues Chasing Profit It’s … Read more

Stellantis has achieved $9 billion in cost reductions from merger

Stellantis has achieved  billion in cost reductions from merger

Stellantis CEO Carlos Tavares speaks to media on June 13, 2024 following the company’s investor day at its North American headquarters in Auburn Hills, Mich. Michael Wayland / CNBC AUBURN HILLS, Mich. — Stellantis has achieved 8.4 billion euros ($9 billion) in cost reductions from the merger of Fiat Chrysler and PSA Groupe that created … Read more

Jeep sales expected to grow 50% by 2027

Jeep sales expected to grow 50% by 2027

 Jeep Wagoneer S Trailhawk EV concept Michael Wayland / CNBC AUBURN HILLS, Mich. – Stellantis expects to grow sales of Jeep vehicles globally by 50% in the next three years, as the automaker attempts to leverage the quintessential American SUV brand for increased profits. The transatlantic automaker on Thursday said it will expand production and … Read more