Stellantis, the parent company of Vauxhall, has announced a staggering loss of €22 billion, attributing this downturn to misjudgements regarding the electrified vehicle market and intense price competition. The company’s
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Stellantis NV shares plummeted 25% at the opening bell on Friday following the disclosure of a €22.2 billion impairment charge related to the abandonment of multiple electric vehicle programmes and
The European automotive manufacturer Stellantis, which includes brands such as Vauxhall, Citroën, and Fiat, has announced a significant adjustment in its strategy regarding electric vehicles. The company reported anticipated future
Stellantis, the automotive powerhouse formed by the merger of Frances Groupe PSA and Fiat Chrysler, has announced a suspension of vehicle assembly at two of its vital European factories. Production
Stellantis, the automotive group behind brands such as Vauxhall and Peugeot, is preparing for a staggering £37 million financial blow amid the ongoing mis selling scandal affecting the motor loans
Stellantis, the automotive giant behind such marques as Peugeot, Jeep, Chrysler and Fiat, is confronting a tumultuous period following the announcement of a €2.3 billion net loss for the first
Carmakers Renault and Stellantis have issued stark warnings over the future of their factories in Europe, citing the urgent need for EU regulatory reforms to support the production of smaller,
The automotive industry was jolted yesterday as Carlos Tavares, chief executive of Stellantis, abruptly resigned following a significant decline in the carmaker’s financial performance. The world’s fourth-largest automotive manufacturer, home
