The automaker is moving to revive the Dodge and Chrysler labels after sales plummeted in 2024, leading to the departure of Carlos Tavares.
Renault SA registered more vehicles across Europe than Stellantis NV for the first time in December, a month that began with the latter ousting Carlos Tavares as chief executive officer.
Filosa also moved Jeff Kommor back to his previous role as U.S. head of sales after a disastrous year that saw Stellantis lose nearly 2 points of market share while inventory piled up at dealerships. Tavares had reassigned Kommor to a commercial sales role in February 2024.
The United Automobile Workers union has been pressing the automaker, which owns Chrysler and Jeep, to revive the plant in Belvidere, Ill.
Stellantis is making big changes to turn its U.S. business around after a tough 2024 and the departure of CEO Carlos Tavares.
Tim Kuniskis retired from Stellantis at the end of May 2024, after 32 years doing everything for the company but mop the floors. He had been CEO of the Dodge brand and then also the Ram brand for his final year, when there may have been a few too many disagreements with his boss, Stellantis CEO Carlos Tavares.
About a month after his surprising return to Stellantis in December ... It wasn’t, as some speculated, a falling-out with former CEO Carlos Tavares, he said. “No, I was totally fine with Tavares. I didn’t agree with him on a lot of stuff, but ...
Automaker Stellantis plans to produce a new midsize pickup truck at the assembly plant near Rockford. The move will put about 1,500 UAW-represented employees back to work.
Stellantis faces challenges amid CEO resignation and operational issues, caution advised for potential investors due to leadership instability. Read my STLA thesis.
In a memo obtained by Crain’s, the automaker said it will build a new midsize truck at the long-idled plant, but it did not provide a timeline.
Among other agreements, Stellantis will reopen the Belvidere Assembly Plant in Illinois in 2027 to produce a new midsize truck.