Stellantis N.V. 

Stellantis NV engages in the design, manufacture, distribution, and sale of vehicles. It offers its products under the Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS, Fiat, Fiat Professional, Jeep, Lancia, Opel, Peugeot, Ram, and Vauxhall brands. It operates through the following segments: North America, South America, Enlarged Europe, Middle East and Africa, and China, India and Asia Pacific. The company is headquartered in Hoofddorp, the Netherlands.

Earnings data Q3 2024

Stellantis NV engages in the design, manufacture, distribution, and sale of vehicles. It offers its products under the Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS, Fiat, Fiat Professional, Jeep, Lancia, Opel, Peugeot, Ram, and Vauxhall brands. The company was founded on April 01, 2014 and is headquartered in Hoofddorp, the Netherlands.

Stellantis, which has been working to reduce its inventory levels in North America, announced it was indefinitely laying off over 1,000 workers at its Jeep assembly plant in Ohio.

Stellantis to lay off 1,100 workers indefinitely

Jeep maker Stellantis said it is cutting 1,100 jobs at a U.S. factory as it seeks to reduce high inventory levels that have weighed on its performance.

Stellantis Plans to Cut 1,100 Jobs at U.S. Jeep Plant

Infineon Technologies AG

Automaker Stellantis and German chipmaker Infineon said on Thursday they would cooperate to further develop power architecture for the automaker's next generation vehicles.

Stellantis, Infineon announce cooperation on architecture for next-generation cars

Stellantis (STLA) announced plans to cut a manufacturing shift and lay off around 1,100 workers at an Ohio plant producing the Jeep Gladiator pickup.

Stellantis Plans 1,100 Layoffs in Jeep Gladiator Pickup Plant in Ohio

Infineon and Stellantis Team Up to Advance Innovation in Power Conversion and Distribution for Next Generation of Vehicle Architectures

Stellantis NV (NYSE:STLA, EPA:STLA), maker of Jeep, Chrysler, Dodge, Peugeot and Vauxhall vehicles, said it is cutting 1,100 jobs in the US as it continues to struggle with falling sales and too much inventory.  The Amsterdam-based group is laying off the workers at its Jeep plant in Toledo, Ohio, as it switches to one shift from two.

Vauxhall maker Stellantis cuts jobs as streamlining continues

Stellantis announced plans Wednesday to cut a manufacturing shift and indefinitely lay off roughly 1,100 workers at a Jeep plant in Ohio. The company has been battling high inventory levels and lower earnings this year.

Stellantis to indefinitely lay off 1,100 workers at Jeep plant in Ohio

Jeep-maker Stellantis said it is laying off about 1,100 employees at a Jeep Gladiator plant in Toledo, Ohio as it works to improve efficiency and reduce inventory across its North American operations.

Stellantis to lay off 1,100 workers at Ohio Jeep plant

Stellantis CEO Carlos Tavares has failed to confirm previously announced electrification plans for Maserati, Italian trade unionists said after meeting him on Tuesday, adding to concern about the loss-making luxury brand.

Stellantis CEO did not confirm Maserati EV plans, union says

Stellantis N.V.'s Q3 sales show increasing weakness in North America as the company's brand performance in the US has declined, causing temporary dealer inventory management efforts. The other markets' weaknesses are less notable, as sales throughout Europe have been weak and as the Asian & African markets represent a minimal part of Stellantis. Given EU's Chinese EV tariff that should aid Stellantis, and Stellantis' still good brand portfolio in especially Europe, STLA stock is now priced for too conservative a future.

The Market Is Penalizing Stellantis' US Weakness Too Much

Stellantis has had a rough year with falling sales, revenues and profitability characterising the latest Q3 results. Poor management of their U.S. brands resulted in a mismatch between the consumer demand and production mixes with an excessive number of high-end cars being produced. Underlying business economics are superb at Stellantis with the firm being the only legacy automaker with a real net-cash position.

Stellantis Faces Challenges, Yet Shares Are A Real Deep-Value Bargain

AUBURN HILLS, Mich. , Nov. 1, 2024 /PRNewswire/ -- Participants from the Battery Workforce Challenge collegiate competition, a public-private partnership between the U.S. Department of Energy (DOE), Stellantis, and Argonne National Laboratory, gathered today to hand over the keys for 12 new 2024 Ram ProMaster electric vans.

Paving the Way for EV Battery Workforce Education: Stellantis Supplies 12 New Ram ProMaster Electric Vans to Battery Workforce Challenge Teams

Stellantis N.V. (NYSE:STLA ) Q3 2024 Earnings Conference Call October 31, 2024 8:00 AM ET Company Participants Ed Ditmire - Head of Investor Relations Doug Ostermann - Chief Financial Officer Conference Call Participants George Galliers - Goldman Sachs Jose Asumendi - JPMorgan Thomas Besson - Kepler Cheuvreux Patrick Hummel - UBS Bruno Dossena - Wolfe Research Philippe Houchois - Jefferies Stephen Reitman - Bernstein Michael Jacks - Bank of America Operator Ladies and gentlemen, welcome to the Stellantis Third Quarter 2024 Shipments and Revenues Call.

Stellantis N.V. (STLA) Q3 2024 Earnings Call Transcript

Stellantis (STLA) on Thursday reported a 27% plunge in third-quarter revenue but also noted progress in running down the excess inventory buildup in the U.S. that has plagued the Big Three automaker.

Stellantis Posts 27% Slump in Q3 Sales; Notes Inventory Cut Progress

Vauxhall owner Stellantis NV (NYSE:STLA, EPA:STLA) underlined the problems facing the European motor industry with a 27% slide in third-quarter revenues. Amsterdam-based Stellantis, which also owns Peugeot, Fiat and Jeep, reported sales declines in the US and Europe but added it was on track to meet its recently reduced margin guidance as the US had started to pick up.

Sales slide at Vauxhall owner Stellantis

Stellantis said third-quarter group shipments fell 20% on the year as the company works to reduce the number of cars stocked at U.S. dealers and as it suffered from gaps in its product line-up ahead of new car launches.

Stellantis Says Moving Quickly to Cut U.S. Inventories

Stellantis reported a 20% drop in its shipments driven by major slumps in both Europe and North America

Stellantis posts 27% drop in sales on lower shipments to U.S. and Europe

Stellantis Advances Technologies, Achieves Commercial Successes In Transition to Next-Generation Products in Key Global Markets

Auto giant Stellantis on Thursday reported a 27% decline in third-quarter revenues, but said it was making headway in addressing operational issues like U.S. inventories.

Dodge maker Stellantis posts 27% drop in revenues, flags progress in slashing U.S. inventories

Automaker Stellantis said on Thursday its revenues fell by 27% year-on-year to 33 billion euros in the third quarter, as the company reported progress on reducing its inventories.

Stellantis Q3 revenues down 27% as company sees progress on inventories

Stellantis Reports Lower Q3 2024 Net Revenues Amid Transitional Period of Product Upgrades and Inventory Reduction; Confirms Full-Year Guidance

BYD Company Limited

BYD Co Ltd

BYD has appointed former Stellantis UK chief Maria Grazia Davino to lead its operations in a group of European countries including Germany, the Chinese automaker said on Wednesday.

BYD appoints former Stellantis UK chief Davino to push European expansion

Chrysler parent Stellantis will recall about 33,777 Ram 1500 pickup trucks in the U.S., over a concern related to the electronic stability control system, the National Highway Traffic Safety Administration said on Wednesday.

Stellantis to recall over 33,000 Ram trucks, NHTSA says

AUBURN HILLS, Mich. , Oct. 30, 2024 /PRNewswire/ -- Dodge expands brand's Direct Connection performance parts line with launch of Hellephant A30 and Drag Pak 354 HEMI® engine blocks orderable through Direct Connection as licensed products Both HEMI engine blocks feature all-new construction for improved strength, oiling and water jacket design Direct Connection also rolls out three new supercharger kits for the Direct Connection Supercharged 6.2-liter HEMI crate engine First launched in 1974 and reborn in 2022 as Dodge brand's official source for high-performance parts, Direct Connection is celebrating 50 years in 2024 New Direct Connection engine blocks and supercharger kits will be available for ordering in Q1 2025 Direct Connection products are available at DCPerformance.com or through certified Dodge Power Brokers dealerships Dodge is bolstering the brand's Direct Connection performance parts line, launching Hellephant A30 426 Supercharged Crate HEMI® and Drag Pak 354 Supercharged Crate HEMI engine blocks as licensed products through Direct Connection, as well as introducing a trio of new supercharger kits for Direct Connection Supercharged 6.2-liter HEMI crate engines.

Dodge Direct Connection Launches Hellephant A30 426 and Drag Pak 354 Supercharged Crate HEMI® Engine Blocks, Announces New 6.2L Supercharger Kits

The latest trading day saw Stellantis (STLA) settling at $13.64, representing no change from its previous close.

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