Stellantis is mending fences within the aftermath of the stormy management of Carlos Tavares, which delivered unbelievable earnings but additionally badly broken relations with unions, merchants, politicians and suppliers. “These are areas the place I clearly suppose we have to construct confidence again,” Stellantis CFO Doug Ostermann mentioned at a banking convention in December. The …
The California Air Sources Board (CARB) and Fiat Chrysler Vehicles (FCA) reached a settlement concerning alleged violations of emission rules for diesel engines. FCA can pay a nice of $4,185,820 for violating CARB air high quality rules in sure diesel-powered Ram ProMaster vans. The violations contain ProMasters from 2014 by means of 2016 geared up …
In 1998, Chrysler become Daimler-Chrysler, which morphed into FCA, and now, for some cause, it is referred to as Stellantis. Regardless of the identify could also be, the smallest member of Detroit’s Massive Three is seemingly in everlasting want of a savior. For Stellantis, the highs are stratospheric, however the lows are someplace within the Challenger …
The primary and solely Stellantis CEO, Carlos Tavares, resigned immediately. Though the automotive conglomerate is in dire straits, the announcement remains surprising. Lower than two months in the past, a press launch said that the controversial Portuguese businessman would finish his five-year contract in early 2026. Nonetheless, that wouldn’t be the case anymore. At the …