A dramatic turn of events at the top of Stellantis where CEO Tavares has resigned with immediate effect. The collapse of sales in the United States has been fatal
Donald Trump's announcement on import duties from Mexico, Canada and China shakes the automotive sector. Stellantis, Volkswagen and Toyota suffer losses on the stock market, while fears of a global trade war grow
The Italian automotive sector is going through a crisis, with declining production and insufficient technological transition. In a report, the Mef outlines five priorities to relaunch the sector. Here are what they are
Stellantis Announces 400 New Layoffs in the United States. Due to the Chinese government, a new production site is being sought for the production of the B10 electric crossover. Here's why
Stellantis halts production at Mirafiori until January due to low demand for electric vehicles and supply problems. The news weighs on the stock market: the stock falls by 3,5%
Donald Trump does not give up on threats and this time he takes it out on Stellantis which risks suffering a 100% tariff if it tries to move jobs from the US to Mexico. But first Trump must try to become President
Rising inflation, the difficulties of the luxury sector and the double speed of the Magnificent 7 are sending stock markets into the red in Europe and America, but there are also some nice surprises such as SocGen which is soaring (+11%) on the stock market in…
Stellantis closes the third quarter with revenues down 27% and deliveries down 20%, but is aiming for recovery in 2025 with new launches and more efficient inventory management. Controversy erupts between Chairman John Elkann…
Revenues of US giants have grown, but so has spending on investments in AI: this worries investors and stocks are falling after the stock market. Eyes also on Prysmian and Stm
The company has announced the production stoppage planned for November in the factories of Pomigliano d'Arco, Termoli and Pratola Serra. This news inflames the already tense climate, with a workers' strike scheduled for Friday, October 18
Stellantis jobs shake up the Italian political and economic world: CEO Tavares spoke from Paris. Meanwhile, Antonella Bruno has been appointed managing director of Stellantis in Italy: who she is and what it means
Hearing in Parliament of the CEO of Stellantis who yesterday overturned the top management of the group: new CFO and change at the top of Alfa Romeo. Tavares says that in Italy it is difficult to produce the car because "the costs are much higher than…
After a Wall Street uncertain about the Fed's moves and a China waiting for details on the stimulus, today will focus on the US quarterly results and Tesla. European stock markets are expected to open slightly higher. Eyes…
Stellantis CEO to be heard in the Chamber on Friday: the company's industrial strategy under discussion. Majority and opposition motions. The Government exercises its golden power on Comau. Third-quarter results and sales decline: "Difficult period"
Stellantis, Stm, Pirelli, Iveco and Tim lead the rebound of Piazza Affari. All the stock markets of the Old Continent and the United States are on the rise
Geopolitical uncertainty continues to worry the markets and oil rises. But the risk of the axe on profits that also hits Leonardo weighs more. Minister Giorgetti's words leave no doubt: "The maneuver requires sacrifices for…
European stocks fall on fears of an escalation in the Middle East. PMI services indices also weigh. Rain of selling on the yen, oil prices soar
Italian industry has fever but politics is looking elsewhere. The former leader of Fim-Cisl spurs it on by calling for the courage of reforms to address the four critical issues of our country and urging the unions to focus on bargaining
For the French president it would be a political opportunity, for Gianni Agnelli's nephew the freedom to free himself to deal with other things. Meanwhile Stellantis stops the production of the Fiat Bev at Mirafiori for another month
The announcement of CEO Tavares' hearing, scheduled for October 11, comes on the day Parliament is due to discuss urgent bipartisan motions on Stellantis. Meanwhile, the Italian government opposes Unicredit's move to Germany, with Orcel reassuring: "The…
The profit warning above expectations pushes Stellantis stock below the 2021 IPO. On the contrary, the Shanghai Stock Exchange soars (+8%) due to the Central Bank's monetary stimulus linked to mortgages. Oil rises again
Auto, a black day for the giants of the sector: the idea of joining forces to create a super hub in Europe and face Chinese competition returns. Key meetings in mid-October. Here's what's moving
The European auto sector is in deep red after Stellantis and Aston Martin's profit warnings and rumours about Renault. Stock markets all down, also weighed down by the Tokyo crash
Asia Pacific with two faces in the last session of the month and of the quarter: on one side the Chinese stock markets still euphoric and galloping thanks to the further support measures, this time especially for the real estate market, on the other a Japan in strong…
Minister Urso warns: not only tractors, soon also auto workers will march in protest on Brussels. Italy asks to bring forward the 2035 revision for the ban on thermal engines, denouncing the risks of dependence on…
On October 18, 2024, the Italian automotive sector will stop for an eight-hour general strike. The demonstration in Rome, called by Fim, Fiom and Uilm, will involve workers from Stellantis and component companies. At the center of the…
The economic stimulus plan announced by the Chinese Central Bank reinvigorates the luxury sector, which hopes for a recovery in consumption. LVMH, Kering and Hermes in the spotlight, stock markets rise. In Milan, eyes on Unicredit and Stellantis
According to Bloomberg, the company has begun the search for the successor to Tavares, whose contract as CEO ends in 2026. The company: "It's standard practice"
Mercedes-Benz downgrades 2024 forecasts due to falling demand in China. Shares collapse in Frankfurt, also negatively impacting Stellantis. But the entire sector is worrying: in August, a sharp decline in registrations, deep…
The auto sector is in full crisis, especially in Europe, where the transition to electric is proving more complex than expected and sales continue to slow. While production stops in several factories, other major manufacturers are focusing on…
Stellantis Announces New Executive Changes: Bob Broderdorf to Lead Jeep North America, While Bill Peffer Takes Over Dealer Network Development, Succeeding Veteran Phil Langley
The historic leader of the blue-collar Cisl warns that the automotive crisis, aggravated by the decline of the German market and the difficulties of Stellantis, could favor the invasion of Chinese cars. Without a clear strategy and investments in technology and skills, Italy…
The two companies are both grappling with market problems that they will address with reorganizations and resetting new strategies
Rise session for all European stock markets with Madrid, Paris and Milan on the shields. Wall Street starts more weakly as it awaits Powell's moves
Stellantis sued by some shareholders in the United States for "false and misleading statements to the market", Reuters writes, explaining that according to the complaint - filed in federal court in Manhattan - the car giant "inflated the price of…
What is the real objective of opening up the production of Chinese electric cars in Italy by the state giant Dongfeng proposed by Minister Urso? There are many doubts about the operation and the danger of a poorly calculated gamble is there
Stellantis has signed an agreement for the third tranche of the buyback program, with a maximum amount of up to 1 billion euros, part of a 3 billion plan announced on February 15, 2024
Even today Stellantis is the black shirt of Piazza Affari and pushes down the Ftse Mib. The other main European stock markets also performed poorly. The Nasdaq is up and down as it awaits the accounts of Microsoft, Meta, Apple and Amazon this week.…
The sale of 50,1% of the Turin company reignites tension with the government, which, under pressure from the unions, is considering the use of special powers. But the Comau match is not the only pending challenge: the wait for the match is mounting…
Another day of passion on the markets. Milan is the worst in Europe for the rain of sales on high tech and cars. After yesterday's collapse the Nasdaq tried to recover but ended up in the red again
Europe all in the red after the Wall Street collapse. Milan is the worst, losing twice as much as the other price lists. the banks are also bad. Kering, Renault and Vivendi ballast Paris. Spread above 140 points
Stellantis closes the half-year with revenues down 14% and net profit down 48%, but confirms its annual forecasts and expects over 20 new models for 2024. STMicroelectronics revises its revenue estimates downwards. Saipem grows,…
The new Fiat Grande Panda has been officially revealed. A model that marks a return to its origins, with a design that pays homage to the historic Panda of the 80s, but with much bigger ambitions: to become a global car. For sale in two engines…
Stellantis is turning towards hybrid with 30 new models by 2026, focusing on accessible electrification in step with market needs. Meanwhile, the unions are raising the alarm for the group's Italian production falling by 25%, collapse of Mirafiori...
The agreement is strategic for the production of batteries capable of reducing the costs of electric cars. An all-French partnership in support of environmental policies
Piazza Affari is the worst stock exchange in Europe. The car collapses but also fashion. The BTP-Bund spread is close to 160
European stock markets mixed in view of the US inflation data and the French elections, while spreads and yields continue to rise. H&M collapses, Kering flies. Milan loses more than half a point
Images of the new Fiat Grande Panda revealed. Longer than the old model but more compact for the B segment (less than 4 meters long) it will join the current "Pandina". It will be produced in Serbia. Official debut in Turin on July 11th…
Stellantis reiterates 2024 financial objectives and capital return plan: dividends of 7,7 billion euros, share buybacks, double-digit AOI margin and positive free cash flow. Today is the first Investor Day in the USA with a focus on strategy…
The new Lancia Ypsilon represents the symbol of the rebirth of one of the most historic Italian automotive brands. With the clear aim of relaunching Lancia in Italy and Europe, Stellantis presented the new Ypsilon in three versions: hybrid,…
Meeting the unions, the CEO of Stellantis promises a greater commitment from the Group for Italy and does not spare a few jabs at Minister Urso
For the industrial economist Riccardo Gallo, the recurring clash between Minister Urso and Stellantis over the automotive industry in Italy damages both of them and above all the country. Urso, instead of getting entangled in low-profile controversies, should think about how to "improve the convenience of...
The New Fiat 600 Hybrid falls into the B segment, which has always been a strong point of the Turin company. Designed specifically for the Italian market, its range includes two main versions, "base" and "La Prima", offering different customization options…
Piazza Affari breaks through 35 thousand points, then retraces slightly and fluctuates around the new record. Banks on the shields after Macron's words on cross boarder mergers, Stellantis runs with Chinese cars. A2a and Fincantieri positive after the accounts
The alliance between the two companies has been finalized. Leapmotor International will have exclusivity to export, sell and manufacture Leapmotor vehicles outside of China. It starts in nine European countries with two models. Two hundred first sales points.…
Stock markets are cautious awaiting the update on US inflation on Wednesday, but the Ftse Mib does not stop
Stock markets cautious in the first session of the week waiting for US inflation which could provide indications on the Fed's next moves. Bff Bank rebounds in Milan. The spread is stable, oil prices rise slightly
European stock markets fear that the ECB will slow down like the Fed in cutting rates but on Piazza Affari Mps gains over 5% in the wake of the resurgent banking risk starting from Spain
Stock markets cautious in the aftermath of the Fed. Energy sector down, banks toned after the BBVA-Sabadell merger proposal. In Milan the best is MPS, spreads falling, oil prices rise
European stock markets down and Wall Street uncertain, on a day of positive macro data and contrasting quarterly results. Waiting for Powell's press conference after the Fed meeting, while many squares, including Milan, will be at a standstill for the…
While waiting for news from the Fed, the stock markets are focusing on macro data. Eurozone inflation was stable in April, while core inflation, which is fundamental for the ECB, fell. In the first quarter, GDP rose by 0,3%. In Milan on the…
Stellantis stock in red on Piazza Affari after the publication of the first quarter accounts. The group confirms its 2024 guidance with a double-digit adjusted operating profit (Aoi) margin
After the Maserati workers, the 1.200 workers who work on the electric 500 will also go in solidarity until August 4, then the factory will close for holidays until September
On Monday 22 April, eight companies in the Ftse Mib and seven listed on other indices will pay the dividend. Big names such as Banco Bpm, Ferrari, Stellantis and Unicredit are in the field. Here are the coupons and returns coming soon
After two positive months, an abrupt stop for the European car market in March (-2,8%). Electric cars are decreasing (-11,3%) while hybrids are growing (+12,6%). Germany, Italy, Spain and France did poorly, only the United Kingdom did well (+10,4%). Among the builders one saves…
30% of Stellantis members voted against Tavares' maxi salary. Meanwhile, new redundancy fund for 2.000 workers in Mirafiori of the 500 electric and Maserati from Monday 22 April until Monday 6 May
Stock markets in deep red after Israel announced its intention to respond to the Iranian attack. The spread rises, dollar at highs. Rain of sales on Piazza Affari, bad for the banks
The CEO of Alfa Romeo, Jean-Philippe Learnato, announced the change of name of the Italian crossover produced in Poland after the concerns of Minister Urso: the name "Milano" could lead one to believe that it was produced in Italy
The persistent uncertainties about rates penalize America more than Europe, where only London shines
Turin's business associations launch an appeal to Stellantis to safeguard the Mirafiori plant and its related industries. The objective is to preserve and relaunch the Turin automotive district, focusing on the quality and skills of the city. Presented…
In 2023, the holding company of the Agnelli-Elkann group saw the net value of assets grow by 32,7%, driven by the stock market performance of stocks in the automotive sector
April 10 marks the anniversary of the death of Oberdan Sallustro, director of Fiat in Argentina, after being kidnapped in Buenos Aires on March 21, 1972 by a commando of guerrilla fighters from the People's Revolutionary Army. The kidnapping, the pressure from…
By virtue of the latest inflation data, the ECB could start reducing rates in June, bonds are flying. Fineco runs in Milan, Stellantis goes down after registration data
Stellantis, discussion tables on production plants begin at Mimit. Tavares absent. Minister Urso: "The Government has already given, now it's Stellantis' turn. Up to 8 car manufacturers interested in coming to Italy". The 5 confirmed…
In just two days of meetings and negotiations, Stellantis concluded agreements with the unions in Italy (except Fiom) for a total of 3.597 incentivized voluntary exits
The agreement provides for 733 positions between employees and managers and 300 exits at the Mirafiori body shops. Uilm Turin: “The situation is increasingly dramatic”
The French startup that has developed a new generation of high-performance Lidar (Light Detection and Ranging) sensing technologies for the surrounding environment, useful for autonomous driving.
The announcement by the Italian-French group, which will invest 5,6 billion in Brazil until 2030, is only the latest in a series that sees the total of all houses reach 24 billion euros in the period 2021-2032. To encourage the choice…
The plan: 40 new models by 2035 and new platforms for electric vehicles and biofuels. In Argentina, another 370 million in investments. In the meantime, the redundancy fund in Mirafiori is lengthening
The entire buyback program for 2024 amounts to 3 billion. A portion of 500 million intended for employees
The vehicles will be used by Ayvens and its affiliates for the long-term leasing fleet in Europe over the next three years. The first deliveries will begin in the first half of 2024. Ayvens, born from the merger between ALD Automotive…
Another day of glory for the stock markets and for Piazza Affari (+1%) which consolidates the 32 thousand mark thanks to Tenaris but also to Banco Bpm, Stellantis and Ferrari. Nvidia's new exploit ignites the Nasdaq
European stock markets flat awaiting the opening of Wall Street, which remained closed on Monday on the occasion of Washington's Birthday - Only BTPs moving
China's generous discount on mortgages but the market is not convinced that it is enough to overcome the crisis of confidence in real estate. Btp-Bund spread at two-year low. Oil rises, gas is flat
The new Ypsilon was officially presented, which aims to relaunch the Lancia brand not only in Italy but also in Europe. In the full electric version, the "Cassina" will be produced in just 1.906 examples. Here are features, design and price
The boom of Stellantis based on the satisfactory budget results of 2023 gives a boost to the Ftse Mib where Prysmian, Moncler and Diasorin also shine
The party returns to the markets that are chasing historical records, touching up the highs of the beginning of the millennium, but the EU avoided recession "by a hair's breadth"
Positive opening for European stock markets despite the recession in Japan and the United Kingdom, in the wake of the rebound on Wall Street and the positive performance of Asian markets. Stellantis and Prysmian are racing in Milan
Stellantis saw revenue rise 6% to 189,5 billion and profit 11% to 18,6 billion. The dividend also rises (+16%) and announces buybacks of 3 billion. CEO Tavares: "We work with the government, the goal is 1 million…
This increases the production of electric propulsion modules, the so-called EDMs which are already made in France and Indiana. The production of hybrid components will increase in Mirafiori in 2024
For John Elkann the beginning of 2024 was full of trouble but only joy comes to him from the stock market: the derby between Stellantis and Ferrari for the capitalization record is a show that takes place every day and the…
Continuous stock market derby at Agnelli between Stellantis and Ferrari, both at the top of the Ftse Mib. An eToro report highlights the potential of the two stocks and does not fail to underline that 30 years ago Fiat was worth 4…
European stock markets are all up while American stock markets are mixed and the S&P 500 index is close to 5 again
European stock markets have moved little while waiting for Wall Street, where Meta and Nvidia futures are taking off. MSCI index at two-year highs, average increases of 15% since November
The banking quarterly reports take center stage in Piazza Affari. After Unicredit and Intesa, Mps has also arrived and the eyes are turning to Bper and Banco Bpm. Cars in great shape after the results of Ford and Toyota. Cautious EU price lists
The President of Stellantis meets the institutional leaders and cools the controversies about his Group by confirming the industrial projects in Italy and denying any hypothesis of merger with Renault
The Milan stock exchange exceeds 31 thousand points, driven by the banks and in particular by Unicredit, which records record profits of 8,6 billion and a buyback of around 10 billion - Stellantis loses ground after Elkann's denial...
In Milan, Unicredit shines, +9,9% after the publication of the accounts, and gives a boost to the entire banking sector. Wall Street weak after Friday's records. Chinese markets with a lot of volatility
The report of a day of worry in Pomigliano. The plant is at risk due to the new challenges of electric automotive. The first stop on Tuesday. The government's first statements were out of place
A hypothetical intervention by the Italian state in the capital of Stellantis would be very expensive (over 6 billion euros) but could not even remotely influence the strategy of the Italian-French car manufacturer, given that the majority is firmly in the hands of the current shareholders
