The Latest Breaking News from Stellantis

Stellantis NV (NYSE: STLA) looks to dou

The world’s fourth largest automaker also wants to become completely carbon-neutral by 2038 by adopting a unique business model.

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.

Cost-cutting efforts and strong vehicle pricing fueled the maker of Jeep SUVs and Ram pickup trucks to a $15.1 billion (13.4 billion euro) net profit in 2021.

The updated product roadmap also includes the Ram ProMaster EV, Opel/Vauxhall Astra EV and PHEV, Peugeot 308 EV and PHEV, and a Peugeot PHEV compact crossover.

The company's brands also include Citroen, Jeep and Fiat