Newly installed Ram CEO, Tim Kuniskis, says removing its Hemi-V8 engine made Americans feel like their freedom was being taken away.
Filosa also moved Jeff Kommor back to his previous role as U.S. head of sales after a disastrous year that saw Stellantis lose nearly 2 points of market share while inventory piled up at dealerships. Tavares had reassigned Kommor to a commercial sales role in February 2024.
The US Equal Employment Opportunity Commission sued FCA US LLC, alleging the automaker violated Title VII by creating and maintaining a sexually hostile work environment at its Detroit Assembly Plant.
Stellantis Projects 9% Shipment Decline For Q4
ROME (Reuters) - Stellantis' said on Thursday its fourth quarter shipments were down 9% compared to the previous year, to 1.395 million vehicles. In the final three months of 2024 shipments were down 28% in North America, fell 6% in Enlarged Europe area and up 12% in South America, it added in a statement.
The mooted Honda Nissan merger and the fallout from leadership change at Stellantis suggests the auto industry must brace for turmoil, where size is a survival necessity.
In a report released today, Michael Jacks from Bank of America Securities reiterated a Buy rating on Stellantis (STLA – Research Report), with
Auto major Stellantis said Thursday that fourth quarter shipments dropped 9% year-over-year to 1.395 million vehicles. In North America, shipments declined 28%. In the market it terms Enlarged Europe the fall was 6%,
Tim Kuniskis, who retired from Stellantis and returned to lead Ram last year, explained what he sees as the big challenge that hit the brand's sales.
Tim Kuniskis retired from Stellantis at the end of May 2024, after 32 years doing everything for the company but mop the floors. He had been CEO of the Dodge brand and then also the Ram brand for his final year, when there may have been a few too many disagreements with his boss, Stellantis CEO Carlos Tavares.
Jan 17 (Reuters) - The U.S. Equal Employment Opportunity Commission on Friday sued two large automakers, accusing General Motors (GM.N), and the United Auto Workers of age discrimination and the Stellantis (STLAM.MI), unit that includes Chrysler of subjecting female employees to sexual harassment.
Find insight on Stellantis, Ferrari and more in the latest Market Talks covering the auto and transport sector.