In the fourth quarter, Stellantis reported new vehicle sales declined 16% to 347,669 vehicles.
The move will affect 1,350 employees who will be indefinitely laid off at the Belvidere, Illinois, plant.
Stellantis is negotiating a third electric vehicle battery plant to come online in 2026, reports Stellantis CEO Mark Stewart.
The deal expands the company’s presence in Centralia, creating a hub for automotive sales with Chevrolet, Stellantis, and the first FORD franchise for Jim Butler Auto Group.
High demand amid COVID-19 supply chain pressures and tightened inventory highlight the importance of freedom of mobility, reports Carlos Tavares.
Chrysler owner Stellantis presents a strategy to generate additional revenue through in-vehicle services.
Independent dealers are securing sought-after vehicles despite tight inventory.
An attorney representing hundreds of former Chrysler franchisees in a $1 billion lawsuit against the federal government plans to file an appeal that could make its way to the U.S. Supreme Court.
An analysis of more than 35,000 loans for pre-owned vehicles on the LendingTree platform finds Tesla, Porsche, and Lexus buyers had the highest average credit scores.
The company's executive leadership, including outgoing chief executive Sergio Marchionne, outlined the new investments during a June 1 investors meeting. Marchionne presented a five-year plan for the company, even though he has said he will retire in 2019.
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