Agnellis to pay more than $1 billion for Italy tax claims

09:29am, Sunday, 20'th Feb 2022 Automotive News Europe
Exor SpA, which controls Ferrari and is Stellantis'' biggest shareholder, agreed to pay for so-called exit tax claims relating to its 2016 merger with its Dutch subsidiary, Exor Holding NV.
ROME (Reuters) – Rome will give hundreds of millions of euros of support to a battery plant in southern Italy planned by automaker Stellantis, the industry minister said, adding the government intended to back the automotive business in the country.
Rumors have started circulating that Floki Inu (CRYPTO: FLOKI ) will be partnering with the Alfa Romeo Formula One team — owned by automotive giant Stellantis N.V. (NYSE: STLA ) — although the memecoin''s developers are refusing to comment. What Happened: Motorsports news outlet Decalspotters claimed in a Tuesday tweet that Alfa Romeo will soon announce the Floki Inu partnership with its Formula One team. Alfa Romeo F1 is set to … Full story available on Benzinga.com

Jeep maker gets creativeon cutting jobs in EV shift

12:56pm, Wednesday, 16'th Feb 2022 BusinessMirror
Cutting jobs in France is never easy. So Stellantis NV, the manufacturer of Peugeot cars and Jeep SUVs…
Like rivals across Europe rapidly shifting to electric vehicles, Stellantis -- with 14 car brands and some 300,000 employees globally -- is under pressure to trim its workforce

5 Undervalued Stocks to Buy Before March

03:13pm, Tuesday, 15'th Feb 2022
These five undervalued stocks have the potential to offer investors some nice growth in the near future. They all have solid financials.
The global semiconductor crisis has done what even the $30 billion Dieselgate crisis couldn't do – unseat the Volkswagen Group from its Number One throne in Europe.

Stellantis Spotlight February 11, 2022

06:34am, Monday, 14'th Feb 2022 One News Page
''Stellantis Spotlight'' is a weekly recap of some of the major stories at Stellantis. The top stories for the week ending February 11, 2022, include Alfa Romeo debuts the all-new 2023 Tonale, Ram Truck announces Ram Revolution, its journey to build the new Ram 1500 battery-electric vehicle, and
Stellantis says nearly 20,000 plug-in hybrid minivans pose a risk Chrysler parent company Stellantis has been forced to recall 19,808 hybrid minivans after reports of 12 fires
An agreement between the Rome government and Stellantis for the carmaker's planned battery plant in Termoli, southern Italy, will be signed shortly, Industry Minister Giancarlo Giorgetti was quoted as
Car manufacturers in the US have been struck with shortages of crucial parts after “Freedom Convoy” protestors in Canada blocked a key supply route. General Motors, Ford, Stellantis and Toyota have all been impacted by the blockades which have been mounted in protests against Canada’s coronavirus measures. Reporting from the Ambassador Bridge, the busiest US-Canadian border crossing, France […] Canada’s Freedom Convoy delivers US auto blow ‘Stopped making cars!’ | World | News
Photo by DAVE CHAN/AFP via Getty Images Major automakers are feeling the strain of the anti-vaccine mandate protests in Canada that have blocked several major bridges on the US-Canada border. Honda, Toyota, General Motors, Ford, and Stellantis have all had to cut production in Canada, the US, or both as the anti-mandate protests stretch into their third week. It is the latest supply chain disruption to affect the auto industry, which is still reeling from the semiconductor chip shortage that has slowed production and led to increased prices of both new and used vehicles. The convoy protests began in late January, after a loose affiliation of truckers banded together to drive from western Canada to the nations capital of Ottawa to voice opposition to COVID-19 vaccine Continue reading
Chrysler parent Stellantis is recalling 19,808 plug-in hybrid minivans after reports of 12 fires in parked vehicles.
CNBC's Kristina Partsinevelos joins 'Squawk Box' from the nation's border with Canada to provide an update on protesters blocking a crucial trade link between the two countries.
WASHINGTON : Toyota Motor Corp, General Motors Co (GM), Ford Motor and Chrysler parent Stellantis said they had been forced to cancel or scale back some production at North American plants yesterday because of parts shortages stemming from Canadian trucker protests against pandemic mandates. The truckers, who oppose a vaccinate-or-quarantine requirement for cross-border drivers, have used their big rigs to snarl traffic at the Ambassador Bridge linking Detroit and Windsor, Ontario – which accounts for about 25% of US-Canadian trade. A Toyota spokesman told Reuters the automaker was suspending production through tomorrow at plants on both sides of the border, in Ontario and Kentucky. The largest Japanese automaker said it was “experiencing multiple dropped logistics routes” and it is “not isolated to only one or two parts at this point”. The shortages affected Toyota''s production of the RAV4 – the best-selling non-truck vehicle in the United States, Camry, Avalon, Lexus RX and Lexus ES, the automaker said.
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