Latest News Updates From Albertina Torsoli

Stellantis showcased more than 60 vehicles from eight brands, including nine concept cars, at the Paris auto show.

Production downtime affected Jeep models including the Grand Cherokee and Compass in the July-September period, though it was partially compensated for by a stronger Ram performance.

The long-range battery shortage points to the need for automakers such as Stellantis to adjust production plans amid a spike in EV demand caused by the war on Iran.

Volvo Car on Sept. 17 unveiled a broad revamp that includes reshaping its manufacturing network around five plants dedicated to its namesake brand and two shared with partners. 

Adjusted operating income of $335 million in Q2 came in below analyst estimates, with Stellantis on July 30 citing high raw-material costs and weak pricing in Europe.

Shipments in North America jumped 38% as the automaker brought back models such as the Ram 1500 pickup truck with a Hemi V8 engine.

Stellantis and Dongfeng Motor will jointly produce the large SUV, which will be launched alongside other new models carrying the iconic name.

CEO Antonio Filosa has flagged that partnerships will be a key pillar of the company’s strategy going forward.

North American shipments rose 17% to 379,000 vehicles. Stellantis grew in all regions including in Europe.

Michelin plans to buy back as much as $2.4 billion worth of shares, as the French company seeks to keep investors on side with its tire business under pressure.