BARCELONA, Spain — Chinese electric battery company CATL and automaker Stellantis will build a major battery factory in northern Spain, the partners announced Dec. 10.

Former Stellantis NV executive Tim Kuniskis will rejoin the automaker to run the Ram pickup brand as the company plots a turnaround following the ouster of CEO Carlos Tavares.

Stellantis NV is working to rebuild trust with dealers, suppliers, unions and governments after a period of tension under former CEO Carlos Tavares.

Stellantis NV appointed executives including North America boss Antonio Filosa to a committee taking over from ousted CEO Carlos Tavares, as the automaker works to fill a leadership void.

Stellantis and joint venture partner Samsung have won a commitment from the U.S. government for a loan worth up to $7.54 billion to help build two electric vehicle battery plants in Kokomo, Ind. 

NEW YORK — Stellantis CEO Carlos Tavares is stepping down after nearly four years in the top spot of the automaker amid an ongoing struggle with slumping sales.

Stellantis had already threatened to pull the plug on its U.K. operations, warning about the impact of what it says are the country’s too stringent EV targets.

Stellantis NV will delay the arrival of its two electric pickup trucks to the first half of 2025 from the end of this year, CEO Carlos Tavares said Nov. 19.

Stellantis said it would lay off about 1,100 workers at its Jeep plant in Toledo, Ohio, the latest in a series of job cuts as the automaker contends with bloated inventory and declining sales.

Stellantis NV’s third-quarter revenues slumped 27% as the automaker shipped fewer cars from factories in most of its major markets.