Stellantis lays off 200 employees at the Ram 1500 factory.
On September 25th, Gelunhui | Stellantis is laying off nearly 200 workers at the Sterling Heights Assembly Plant in the suburbs of Detroit responsible for producing the Ram 1500, including 177 temporary workers and 14 full-time employees in the factory.
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Stellantis (STLA.US) aims to target the Paris Motor Show and will make its first public appearance of the LYNK & CO brand.
Stellantis announced that its brands Citroën, Peugeot, and Alfa Romeo will participate in the "Paris International Motor Show" held from October 14th to 20th this year.
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Stellantis expects to reduce the inventory of vehicles in North America by 0.1 million by early next year.
Gelonghui September 24th | Europe auto manufacturer Stellantis CFO Natalie Knight said during an online webinar on Monday that they expect to reduce inventory vehicles in North America by 0.1 million units by early next year. Knight revealed that the inventory in North America decreased by 0.045 million units from July to August, and the local operations are trending towards health. They hope that after further reducing inventory by 0.1 million units by early next year, the situation will further improve. The company previously indicated that by the end of the first half of the year, the overall inventory was 1.4 million units, with adjusted operating profit declining by 40%, mainly due to the North American business.
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Stellantis (STLA.US) announced the start of the search for a new CEO.
Stellantis (STLA.US) announced on Monday that they are looking for a replacement for the CEO, as the current CEO Carlos Tavares' contract is set to expire in January 2026. The company had previously announced a plan to strengthen its North American business by reducing inventory and lowering automobile prices.
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Express News | European automaker Stellantis has begun searching for a successor to CEO Carlos Tavares.