Stellantis unveiled a share buyback of as substantially as 1.5 billion euros ($1.6 billion) adhering to Mercedes-Benz and BMW in returning money to shareholders following strong 2022 results on the back again of significant car price ranges and pent-up desire. Stellantis expects a different calendar year of double-digit returns as vehicle price improves slow, chip
Four car retailers expanded their dealership portfolios with fourth-quarter acquisitions across 4 states. This is a appear at discounts involving domestic and luxury makes and dealerships in Montana, Missouri, New Jersey and Michigan. A person transaction included an vehicle retailer ranked on Automotive News‘ checklist of the top 150 dealership teams. Germain Automotive expands
Parks Automotive Team, bolstered by an undisclosed expense from Franchise Fairness Companions, has expanded its North Carolina operations, business President Adam Parks said. Jack and Robin Salzman on Jan. 18 bought Lake Norman Chrysler-Dodge-Jeep-Ram in Cornelius and Gastonia Chrysler-Dodge-Jeep-Ram, both close to Charlotte, to increasing Parks Automotive so they could pursue other passions in company
LAS VEGAS — Stellantis CEO Carlos Tavares sees the European auto sector at a crossroads in competition with its Chinese rivals. If politicians in Europe do not come across an answer to the force into Europe by Chinese automakers, there will be a “horrible fight,” Tavares instructed Automobilwoche on the sidelines of CES 2023 in
This strategy has breathed new lifestyle into brands these types of as Chrysler, which has been trudging alongside with a shallow products lineup in the U.S. and appeared to be in want of course in advance of the merger. Stewart stated Monday that he’s happy of Chrysler‘s new vision that calls for the model to
Stellantis on Friday explained it will indefinitely idle its Jeep Cherokee plant in Belvidere, Ill., early following year in what the UAW blasted as a “grossly misguided” final decision. In a statement, the automaker cited a range of components that impacted its choice. “Our marketplace has been adversely impacted by a multitude of components like