Chrysler

Why Stellantis, owner of Chrysler, Jeep and Ram, is struggling

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Why Stellantis, owner of Chrysler, Jeep and Ram, is struggling

Stellantis, an automotive colossus that owns more than a dozen brands including Chrysler, Fiat, Jeep, Peugeot and Ram, is facing challenges at seemingly every turn. The company’s sales and profit have been plummeting. Dealers stuck with parking lots filled with unsold cars are publicly criticizing Stellantis and its CEO in unusually harsh terms. Stellantis’ stock … Read more

Stellantis resets China strategy with $1.6 billion stake in EV firm Leapmotor

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Stellantis resets China strategy with .6 billion stake in EV firm Leapmotor

Stellantis is buying a 21% stake in Leapmotor for $1.6 billion, it said on Thursday, in a reset of its China strategy to focus on electric vehicles after years of poor sales and manufacturing pullback in the world’s biggest auto market. The Chinese EV maker also announced the formation of a joint venture with Stellantis, … Read more