Stellantis offers UAW workers buyouts as part of cost-cutting strategy

Jasmine Kiniklis - March 21, 2025

Stellantis has offered buy-out packages to UAW-represented hourly employees in Detroit and Toledo facilities as part of its broader cost-cutting strategy. Employees with at least one year of experience with...

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Stellantis ramps up U.S. shipments ahead of tariff deadline

CBT News Editorial Team - March 19, 2025

As the April 2 tariff deadline looms, Stellantis is taking proactive steps to mitigate potential disruptions to its production and supply chain. The automaker is accelerating the movement of auto...

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GM renews its push for a banking license, hoping for regulatory approval to expand its financial services and lower funding costs.

GM resubmits industrial bank application amid regulatory concerns

Jasmine Kiniklis - March 11, 2025

General Motors (GM) has once again applied to establish an industrial bank, resubmitting its application with the Federal Deposit Insurance Corp. (FDIC) in late January. The automaker's previous attempts failed,...

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Weekly roundup: Trump addresses Congress, Tesla boycotts grow, Stellantis boosts U.S. production

CBT News Editorial Team - March 7, 2025

Earlier this week: Trump delivers speech to Congress, boasting achievements. 'Tesla Takedown' movement sparks nationwide protests and boycotts. Stellantis commits to ramping up U.S. manufacturing after one-month tariff exemption. UAW...

Daily Automotive News

Stellantis thanks Trump for a one-month tariff exemption, gaining time to boost U.S. production amid declining sales and rising costs.

Stellantis commits to ramping up U.S. manufacturing after one-month tariff exemption

Jasmine Kiniklis - March 6, 2025

The automotive industry is taking a deep breath after President Trump announced a one-month tariff exemption on auto imports that comply with the USMCA trade agreement. Stellantis, in particular, publicly...

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President Trump grants automakers a one-month tariff exemption on automobiles under the USMCA, giving them time to adjust before full enforcement.

President Trump grants one-month exemption on auto tariffs

Jasmine Kiniklis - March 5, 2025

President Donald Trump is granting automakers a one-month exemption from newly imposed tariffs on Canada and Mexico, White House Press Secretary Karoline Leavitt announced. "We are going to give a one-month...

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Trump’s 25% tariffs on auto imports from Canada and Mexico hit Detroit Three hard, threatening billions in profits and industry stability.

Trump’s tariffs spark immediate pain for the Detroit Three

Jasmine Kiniklis - March 5, 2025

President Trump's 25% tariffs on auto imports from Canada and Mexico took effect yesterday, sending shockwaves through the industry. Auto stocks tumbled, with General Motors, Ford, and Stellantis experiencing significant...

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Stellantis may shift production plans for the next-gen Jeep Compass, prioritizing a gasoline-powered variant instead of the EV version.

Stellantis prioritize gas-powered Jeep Compass, extending Brampton downtime

Jasmine Kiniklis - March 3, 2025

Stellantis may be adjusting its North American launch strategy for the Jeep Compass. While the automaker initially planned on releasing an electrified version first, a sudden freeze of operations and...

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Stellantis' announced its most lucrative compensation package that former CEO Carlos Tavares collected despite the company’s downturn

Former Stellantis CEO collects lucrative compensation package amid company financial struggles

Jasmine Kiniklis - February 28, 2025

Stellantis has revealed a staggering 70% drop in net profit for 2024, highlighting the automaker’s deep financial troubles. The company recently published its 2024 Annual Report and Form 20-F, which...

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Weekly roundup: Trump’s tariffs, Bernie Moreno’s Transportation Freedom Act, Stellantis’ 70% profit drop

CBT News Editorial Team - February 28, 2025

Earlier this week: Trump will enforce 25% tariffs on Canada and Mexico and 20% on China starting March 4. Sen. Bernie Moreno's Transportation Freedom Act to boost auto jobs and...

Daily Automotive News

Stellantis

Stellantis offers UAW workers buyouts as part of cost-cutting strategy

Stellantis ramps up U.S. shipments ahead of tariff deadline

GM resubmits industrial bank application amid regulatory concerns

Weekly roundup: Trump addresses Congress, Tesla boycotts grow, Stellantis boosts U.S. production

Stellantis commits to ramping up U.S. manufacturing after one-month tariff exemption

President Trump grants one-month exemption on auto tariffs

Trump’s tariffs spark immediate pain for the Detroit Three

Stellantis prioritize gas-powered Jeep Compass, extending Brampton downtime

Former Stellantis CEO collects lucrative compensation package amid company financial struggles

Weekly roundup: Trump’s tariffs, Bernie Moreno’s Transportation Freedom Act, Stellantis’ 70% profit drop

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