Car Giant Collapses – Has Lost 70 Million Euros in Less Than Two Years
The car manufacturer Stellantis faces a severe crisis after reporting unexpected financial results, causing its stock price to plunge by 25 percent in Milan.
Termoli Restarts the Engines. The Gigafactory is Canceled
Stellantis has canceled its Gigafactory project in Termoli, Italy, reflecting a significant shift in strategy under new CEO Antonio Filosa.
Filosa denies Tavares' doctrine. "This year we will return to profit"
Antonio Filosa, the CEO of Stellantis, asserts that the company will return to profitability this year, attributing previous optimism about the electric transition to excess and stressing the need for strategic adjustments.
Stellantis devalues, the stock crashes. Filosa: "It's a necessary reset"
Stellantis is undergoing a significant strategic shift aimed at addressing failures in its electric vehicle production plans, marked by CEO Antonio Filosa's emphasis on a 'reset' amidst financial adjustments impacting 2025 forecasts.
Stellantis takes €22bn hit after ‘overestimating’ pace of shift to EVs
Stellantis will incur a €22bn charge and sell a stake in its battery joint venture, admitting to having overestimated the transition pace to electric vehicles.