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Renault SA, Nissan's top shareholder, is reportedly open to Nissan pursuing merger talks with Honda as a way to strengthen the Japanese company amid challenges in the automotive industry. Renault, holding a 36% stake in Nissan, will play a crucial role in any potential agreement. While Renault is open to a deal that benefits Nissan, it will prioritize protecting its own interests. The potential talks come as Nissan faces financial difficulties, including job cuts and reduced production. [Extracted from the article]

Renault SA, Nissan's largest shareholder, is reportedly open to Nissan pursuing merger talks with Honda Motor Co. in an effort to strengthen the Japanese company amidst global challenges. Renault, holding a 36% stake in Nissan, will play a crucial role in any potential agreement. While Renault is open to a deal that benefits Nissan, it will prioritize safeguarding its own interests. The talks between Nissan and Honda are still in the early stages, with both companies facing difficulties in the global automotive market. [Extracted from the article]

Honda Motor Co. and Nissan Motor Co. are considering a merger to create a strong competitor to Toyota Motor Corp. in Japan and globally. The potential merger could involve the creation of a new holding company and may also include Mitsubishi Motors Corp. Talks are in early stages and may not lead to an agreement, but the move could help the companies compete in the electric vehicle market and against larger peers like Toyota. The merger would consolidate the Japanese auto industry and provide short-term relief for Nissan's financial struggles. [Extracted from the article]

Stellantis NV has announced plans to introduce new models at its Italian plants in the coming years to address concerns over declining production levels. The company will invest €2 billion in Italy next year and has committed to €6 billion in orders from local suppliers. Stellantis aims to increase Italian production to 500,000 vehicles in 2025 and by 50% in 2026, although it cannot promise to reach the 1 million unit target set by the government. The move comes after the ousting of CEO Carlos Tavares and signals a shift in strategy following clashes with Italian authorities over production decisions. [Extracted from the article]

Stellantis NV has announced plans to introduce new car models in Italy to prevent a crisis in the country's auto sector. The company will not close any plants in Italy and will increase capacity by 2026 with the addition of new models. This decision comes after anger from unions and the government over a previous production cut. The Italian government has also pledged over €1 billion to support the auto sector in 2025. [Extracted from the article]

Stellantis NV and Chinese partner CATL are investing up to €4.1 billion in a battery plant in Spain to produce lithium-iron phosphate batteries by the end of 2026. This investment aims to boost Europe's electric vehicle supply chain, as the region has been struggling to compete with China in the EV market. Spain, as Europe's second largest car producer, is attracting battery investments due to lower energy costs, with the EU's recovery funds helping to finance the project. The joint venture between CATL and Stellantis will focus on producing batteries for small and mid-sized vehicles, complementing other battery plants in Europe. [Extracted from the article]

Stellantis NV and Contemporary Amperex Technology Co. Ltd. are investing up to €4.1 billion to establish a new electric-vehicle battery plant in Spain, set to produce lithium-iron phosphate batteries by the end of 2026. The facility's capacity could reach 50 gigawatt-hours, contingent on the European EV market and support from Spanish and EU authorities. Stellantis aims to utilize advanced battery technologies to offer competitive electric vehicles, as Europe seeks to develop a domestic battery industry to challenge China's EV dominance. The move towards more affordable LFP batteries reflects automakers' efforts to attract customers deterred by high EV prices. [Extracted from the article]

Former Stellantis NV executive Tim Kuniskis is returning to the company to lead the Ram pickup brand after the departure of CEO Carlos Tavares. Stellantis is focusing on a turnaround in the US market, with Kuniskis being persuaded to return by Antonio Filosa, who leads the Americas and Jeep globally. The company is working to reverse a sales decline at the Ram brand, which has been a key source of profit. Other management changes are also taking place within the company. [Extracted from the article]

Stellantis NV is focused on rebuilding trust with various stakeholders after the departure of former CEO Carlos Tavares. The company's CFO, Doug Ostermann, expressed confidence in improving margins, paying dividends, and potentially considering stock buybacks. Stellantis is navigating challenges such as declining sales in the US and excess capacity in Europe, while also emphasizing plans for growth in markets like Latin America and China. Chairman John Elkann is leading decision-making efforts until a new CEO is appointed, with a commitment to enhancing profitability and positioning brands like Maserati in the luxury segment. [Extracted from the article]

Stellantis NV has appointed new executives, including North America boss Antonio Filosa, to a committee that will lead the company following the departure of CEO Carlos Tavares. The committee, headed by Chairman John Elkann, will make decisions until a new CEO is found. The automaker is facing challenges such as a sales decline in the US and overcapacity in Europe, and plans to name a new CEO in the first half of next year. [Extracted from the article]

Stellantis NV is undergoing a leadership transition following the departure of CEO Carlos Tavares. A committee led by Chairman John Elkann, including executives like Antonio Filosa and Maxime Picat, will guide decision-making until a new CEO is appointed. The company faces challenges such as declining sales in the US and overcapacities in Europe, with plans to name a new CEO in the first half of the following year. [Extracted from the article]

Stellantis NV is facing uncertainty following the unexpected departure of CEO Carlos Tavares, leading to a significant drop in share prices and concerns about leadership. Tavares's exit comes amidst challenges in the automotive industry, including declining sales in the US and overcapacities in Europe. The company plans to name a new CEO in the first half of the next year, as it grapples with market share decline and quality issues. [Extracted from the article]

Stellantis NV CEO Carlos Tavares has resigned early due to a disagreement with the board over strategies to address declining sales and a stock slump. Tavares, known for his cost-cutting efforts, will be replaced by an interim committee until a new CEO is appointed in the first half of 2025. The company's financial guidance for the year has been confirmed, but shares have declined by 38% in the past 12 months, leading to concerns about the automaker's long-term prospects. [Extracted from the article]

Stellantis NV CEO Carlos Tavares has resigned amid disagreements with the board over strategies to address declining sales and a stock slump. Tavares, known for his cost-cutting efforts, will be replaced by an interim committee until a new CEO is appointed in the first half of 2025. The company's financial guidance for the year has been confirmed, but shares have declined by 38% in the past 12 months, reflecting investor concerns over the automaker's long-term prospects. [Extracted from the article]

Stellantis NV CEO Carlos Tavares has resigned amid declining profits and weakened US sales, leading to the appointment of an interim committee headed by Chairman John Elkann. A new CEO is expected to be named in the first half of 2025, following Tavares's departure due to differing views on the company's future. Tavares, known for his cost-cutting abilities, faced challenges with sliding sales, an outdated US vehicle lineup, and bloated inventory, resulting in a significant drop in Stellantis's shares over the past year. [Extracted from the article]

Stellantis NV Chief Executive Officer Carlos Tavares is stepping down due to a decline in profits and weakened US sales at the company, which manufactures Jeep SUVs and Fiat cars. An announcement regarding his departure is expected soon, with an internal committee likely to take over his responsibilities. Tavares' departure comes after facing criticism from investors, dealers, and unions over various issues, leading to a significant drop in Stellantis shares over the past year. [Extracted from the article]

Stellantis NV CEO Carlos Tavares is stepping down due to a decline in profits and weakened US sales of Jeep SUVs and Fiat cars. An official announcement from the company is expected soon, as they have already started the process of finding a successor for Tavares, who plans to stay until early 2026. This information was reported by Bloomberg journalists Albertina Torsoli, Daniele Lepido, and Tommaso Ebhardt. [Extracted from the article]

Renault SA is expanding its electric-vehicle business by hiring 200 people in Shanghai to develop a sub-€20,000 electric Twingo, aiming to learn from China's successful EV market. The move has faced internal criticism in France, where some unions are concerned about efficiency measures. Renault's CEO plans to introduce more affordable EV models in France by 2026, leveraging lessons learned from China to enhance competitiveness. [Extracted from the article]

Air France-KLM is reportedly in discussions to acquire up to a 20% stake in Air Europa following the collapse of a planned takeover by IAG SA due to regulatory challenges. The potential transaction is valued at over €100 million and is not expected to require approval from the European Union. This development comes after IAG faced obstacles in its bid to acquire Air Europa, with EU officials expressing concerns about competition issues. The airline industry in Europe is witnessing consolidation efforts, with Lufthansa AG investing in ITA Airways and Air France recently acquiring a stake in SAS AB. [Extracted from the article]

Stellantis NV plans to close its van factory in Luton, England, due to the government's mandate for increased electric vehicle sales. The company intends to shift production of electric vans to its Ellesmere Port plant, impacting around 1,100 employees. Stellantis cited financial challenges and the ambitious EV objectives set by the UK government as reasons for the restructuring. Other automakers in Europe, such as Volkswagen AG and Ford Motor Co., are also scaling back EV production in response to changing market demands. [Extracted from the article]

Stellantis NV is considering closing a van factory in Luton, England due to the UK's zero-emission vehicle sales mandate. The company plans to shift production to its facility in Ellesmere Port, transfer jobs, and invest £50 million in the new location. The UK's stringent EV targets require a percentage of new van sales to be zero-emission, with fines for non-compliance. Stellantis currently produces small electric vans at Ellesmere Port and employs around 1,100 people at the Luton factory. [Extracted from the article]

Stellantis NV's third-quarter revenues dropped by 27% due to decreased car shipments in major markets like Europe and North America. The company is working on reducing inventory and improving market share dynamics in the US, with plans for a 10% month-on-month improvement in sales volumes. Stellantis faces challenges such as delays in new model introductions, product recalls, and shrinking market share, particularly in North America, where US dealers have pushed back against bloated inventory. Despite the decline in revenue, Stellantis remains committed to its dividend policy and may pursue a share buyback next year. [Extracted from the article]

Stellantis NV's third-quarter revenues dropped by 27% due to lower car shipments in major markets like Europe and North America. The company is working on reducing inventory and improving market share dynamics in the US, with a projected 10% month-on-month improvement in sales volumes for October. Despite challenges like delays in new models and product recalls, Stellantis remains committed to its dividend policy and may pursue a share buyback next year. [Extracted from the article]

Stellantis NV's third-quarter revenues dropped by 27% due to decreased shipments in major markets like Europe and North America. The company's net revenues of €33 billion missed analyst expectations of €35.9 billion. Stellantis CEO Carlos Tavares is addressing challenges such as product recalls and market share decline in the US by implementing fixes and replacing executives. Despite strong demand for new models like the Citroën C3 and Peugeot 3008, the company faces product delays and pricing pressures in its home region. [Extracted from the article]

BYD Co., a Chinese electric vehicle maker, has reportedly hired Maria Grazia Davino, the former UK chief of Stellantis NV, to lead its expansion in Europe. Davino is expected to oversee a cluster of European countries for BYD after her garden leave ends in December. This move comes as BYD aims to strengthen its presence in Europe, with recent hires from Stellantis and plans to localize production in Hungary and Turkey. [Extracted from the article]

BYD Co., a Chinese electric vehicle maker, has reportedly hired Maria Grazia Davino, the former UK chief of Stellantis NV, to lead its expansion in Europe. Davino will be responsible for a cluster of European countries for BYD, joining other high-profile executives who have recently made the move from Stellantis to BYD. Despite challenges such as new EU tariffs on EV imports from China, BYD is increasing its presence in Europe with plans to localize production in Hungary and Turkey. This hiring trend follows BYD's recruitment of other former Fiat Chrysler executives for key roles in Europe. [Extracted from the article]