The Latest Breaking News from Stellantis

The maker of Jeep SUVs and Ram pickup trucks on Tuesday said it will become carbon neutral starting by 2038 and double its net revenues by 2030.

This has been revealed in the company's annual report for 2021.

The US lineup would be 50 percent electric under the company's Dare Forward 2030 plan.

It is expected to be built in Europe alongside other models created on the same Stellantis platform.

The CEO of the maker of Jeep SUVs and Ram pickup trucks received $18.9 million (16.8 million euro) in direct compensation during his first year leading Stellantis NV.

Stellantis CEO Carlos Tavares once again complained about the electrification costs, describing the issue as "the gorilla in the room."

The announcement was made by parent company Stellantis, which has big ambitions to thoroughly electrify all its fifteen brands.

Stellantis NV (NYSE:STLA) reported FY21 Pro Forma sales growth of 14% year-on-year, to €152 billion, versus €133.9 billion the previous year. On a Pro Forma basis, North America revenue rose 15% Y/Y to €69.7 billion, South America increased 71% to €10.7 billion, Europe 5% to €59 billion, Middle East & Africa rose 9%…

Employees of Stellantis, maker of Jeep SUVs and Ram pickup trucks, represented by the United Auto Workers will benefit from the removal of a profit-sharing maximum in the 2019 contract and see checks of up to $14,670 before taxes next month.