AMSTERDAM – Stellantis N.V. (NYSE / MTA / Euronext Paris: STLA) (“Stellantis”) announces that it has signed a new syndicated revolving credit facility (“RCF”) of €12.0 billion, with a group of 29 relationship banks. This new RCF replaces the existing syndicated RCF’s from the Groupe PSA (€3.0 billion) and FCA Group (€6.25 billion), thereby providing an increase in… Continue reading @Groupe PSA: PR Stellantis announces successful signing of €12 billion syndicated Revolving Credit Facility002161
Tag: FCA
@Groupe PSA: PR Stellantis Announces Launch of ‘Stellantis Design Studio’002160
Design agency opens up the Stellantis’ design expertise and its iconic brand portfolio Formed to collaborate with global partners on brand and design projects Led by Klaus Busse, Head of Design, and Arnault Gournac, Creative Director AMSTERDAM – Stellantis today announced the creation of ‘Stellantis Design Studio’, a creative agency that will provide global brand… Continue reading @Groupe PSA: PR Stellantis Announces Launch of ‘Stellantis Design Studio’002160
Stellantis CEO on weather events pushing electrification: Our company is ready
The head of the world’s fourth-largest automaker on Wednesday acknowledged that public opinion in the wake of recent devastating floods in Europe and elsewhere is likely to push governments toward stricter regulations on emissions and accelerate the auto industry’s move to electrification. Specifically mentioning flooding that claimed hundreds of lives in Germany, Belgium and Austria in the… Continue reading Stellantis CEO on weather events pushing electrification: Our company is ready
Stellantis has 5 years to absorb 40% EV cost hike, avoid job cuts, CEO says
The maker of Jeep and Ram has five years to absorb the roughly 40% increase in costs that electrified vehicles represent before Stellantis NV could face restructuring and job cuts, CEO Carlos Tavares said Wednesday. Tavares and experts have held that not every automaker will be able to make the historic transformation to electric vehicles… Continue reading Stellantis has 5 years to absorb 40% EV cost hike, avoid job cuts, CEO says
@FCA: Stellanis CEO Continues Tour of North American Plants With Visit to Warren Truck
July 21, 2021 , Auburn Hills, Mich. – Stellantis CEO Carlos Tavares toured the Warren (Mich.) Truck Assembly Plant to meet with employees and get a firsthand look at the operation on July 19, 2021. Since the Stellantis merger in January, Tavares has visited a total of four U.S. plants, including the Detroit Assembly Complex –… Continue reading @FCA: Stellanis CEO Continues Tour of North American Plants With Visit to Warren Truck
Stellantis picks Amazon Alexa executive as chief technology officer
Stellantis has filled a key remaining hole in its leadership since its creation as the world’s fourth-largest automaker in January. Ned Curic, currently vice president of Alexa Automotive at Amazon, is slated to take over as chief technology officer for Stellantis on Aug. 30. Stellantis, which formed from the merger of Fiat Chrysler Automobiles and Peugeot… Continue reading Stellantis picks Amazon Alexa executive as chief technology officer
Read Motor Group acquires Beechdale Motor
Read Motor Group has acquired Derby-based Beechdale Motor Group for an undisclosed sum. Beechdale has been in business since 1982, operated by John Oldfield. It holds the Hyundai, Alfa Romeo and Jeep franchises. Accounts filed at Companies House saw it deliver pre-tax profits of £266,875 on turnover of £29.9m in the year to October 2020.… Continue reading Read Motor Group acquires Beechdale Motor
Valmet Automotive entering into manufacturing contract with EV brand Lightyear
From left to right: Ville Rantala – Project Manager (Valmet Automotive), Hans Heijmans – COO (Lightyear), Gerard Berkelmans – VP Strategic Sourcing & Procurement (Lightyear), Matti Räsänen – VP Sales (Valmet Automotive), Wim van Stratum – VP Operations (Lightyear) Valmet Automotive has signed a letter of intent on vehicle manufacturing with Lightyear, the Netherlands-based technology… Continue reading Valmet Automotive entering into manufacturing contract with EV brand Lightyear
GM, UAW demand workers at Wentzville mask up again as COVID-19 cases rise
Nearly 4,000 workers at a General Motors plant near St. Louis must resume wearing face masks and social distancing starting late Monday because of an increase in COVID-19 cases in the area. In an alert sent to workers and obtained by the Free Press, the union told plant employees of the change Monday afternoon. The alert read, “We have… Continue reading GM, UAW demand workers at Wentzville mask up again as COVID-19 cases rise
@Ferrari: Ferrari to announce second quarter 2021 financial results on August 2000138
Maranello (Italy), July 19, 2021 – Ferrari N.V. (“Ferrari”) (NYSE/MTA: RACE) announced today that its financial results for the second quarter of 2021 will be released on Monday, August 2, 2021. A live audio webcast and conference call of the 2021 Q2 results will begin at 2:00 p.m. BST / 3:00 p.m. CEST / 9:00… Continue reading @Ferrari: Ferrari to announce second quarter 2021 financial results on August 2000138