The union has asked for 46% raises in general pay over four years – an increase that would elevate a top-scale assembly plant worker from USD 32 an hour now to about USD 47. Stellantis is reporting progress in talks with the United Auto Workers union with just three days left before contracts expire with… Continue reading Stellantis reports progress in talks with auto workers and plans to make another offer Monday
Tag: FCA
@Groupe PSA: PR Stellantis Announces Launch of Third Tranche of its Share Buyback Program006297
AMSTERDAM – Stellantis N.V. (“Stellantis” or the “Company”) announced today that pursuant to its Share Buyback Program (the “Program”) announced on February 22, 2023, covering up to €1.5 billion (total purchase price excluding ancillary costs) to be executed in the open market with the intent to cancel the common shares acquired through the Program and… Continue reading @Groupe PSA: PR Stellantis Announces Launch of Third Tranche of its Share Buyback Program006297
New 2024 Alfa Romeo small SUV shown in leaked images
Images of Alfa Romeo’s small electric SUV have leaked ahead of its arrival at the beginning of 2024 when it will become the entry point to the firm’s new-era line-up. Serving as an indirect replacement for the Mito supermini, it was originally known as the Brennero but is now confirmed to take another name into showrooms. It will sit beneath the Tonale crossover… Continue reading New 2024 Alfa Romeo small SUV shown in leaked images
Stellantis to halve battery weight in bid to match ICE and EV heft
Stellantis is targeting a 50% weight reduction in batteries by 2030 in a bid to lighten electric cars nearer to their combustion-engined equivalents. “The battery today is just too heavy; the vehicle is too heavy. We shouldn’t be going backwards,” said Ned Curic, head of engineering and technology, at the opening of the company’s new… Continue reading Stellantis to halve battery weight in bid to match ICE and EV heft
Stellantis to make new contract offer Monday to UAW
A Stellantis sign is seen outside its headquarters in Auburn Hills, Michigan, U.S., June 10, 2021. REUTERS/Rebecca Cook/File Photo Acquire Licensing Rights Sept 11 (Reuters) – Chrysler-parent Stellantis (STLAM.MI) said Monday it plans to make a new counteroffer to the United Auto Workers after the union made its own revised offer on Sunday ahead of… Continue reading Stellantis to make new contract offer Monday to UAW
Tesla supercomputer likely to boost market value by $600 bln – Morgan Stanley
The logo of car manufacturer Tesla is seen at a dealership in London, Britain, May 14, 2021. REUTERS/Matthew Childs/File Photo Acquire Licensing Rights Sept 11 (Reuters) – Tesla’s (TSLA.O) Dojo supercomputer could power a near $600 billion jump in the automaker’s market value by boosting the adoption of robotaxis and its software services, Morgan Stanley… Continue reading Tesla supercomputer likely to boost market value by $600 bln – Morgan Stanley
Automaker Stellantis makes counteroffer to United Auto Workers
The proposal from Stellantis, formed in a 2021 merger of Fiat Chrysler and France’s PSA Peugeot, is closer to the union’s demands of 46% across-the-board increases over four years, but both sides still are far apart. Automaker Stellantis has made a counteroffer to the United Auto Workers that includes wage increases in each year of… Continue reading Automaker Stellantis makes counteroffer to United Auto Workers
Auto workers reject Detroit Three contract offers, ready to strike
A UAW strike that shuts the Detroit Three manufacturers could cost carmakers, suppliers and workers over USD 5 billion, the Michigan-based Anderson Economic Group estimated. United Auto Workers President Shawn Fain said on Friday the union representing 146,000 workers wants a deal to avoid walkouts at the Detroit Three automakers but expects to go on… Continue reading Auto workers reject Detroit Three contract offers, ready to strike
Cleantechnica: Tesla Rules In Europe — Europe EV Sales Report 002995
Tesla continues to be the best selling brand in Europe, but Volkswagen is recovering Some 234,000 plugin vehicles were registered in July in Europe — which is +48% year over year (YoY), the market’s highest growth since August 2021. Unfortunately, the overall market also grew fast, +17%, as it is finally recovering from a couple… Continue reading Cleantechnica: Tesla Rules In Europe — Europe EV Sales Report 002995
Clean Technica: EVs Take 25.7% Share In France — Tesla Model Y Top002993
August saw plugin EVs take 25.7% share of the auto market in France, up from 21.0% year on year. The volume of full electric sales grew by almost 60% YoY. Overall auto volume was 113,599 units, up 24% YoY, though still far below pre-2020 seasonal norms. August’s best selling full electric was the Tesla Model… Continue reading Clean Technica: EVs Take 25.7% Share In France — Tesla Model Y Top002993