Owner of Fiat, Chrysler and Peugeot brands pushes back against rules that force sale of more electric vehicles
The owner of car brands including Fiat, Chrysler and Peugeot has reported a steep fall in sales, blaming production delays and flagging European demand.
Stellantis reported revenues on Thursday of €33bn (£27.6bn) for the July to September quarter, a drop of 27% compared with the same period a year earlier.
Continue reading...Vauxhall’s Ellesmere Port plant is one of many whose future lies in the hands of the merged auto giant
Carlos Tavares is an unashamed petrolhead, with a rally-racing hobby that harks back to an earlier automotive age. Yet carmakers like Stellantis, which he leads, and its rivals have had to set aside affection for roaring internal combustion engines as environmental rules set the limits for the industry.
Stellantis was formed in January in a €50bn (£43bn) merger between France’s Peugeot and Italian-American Fiat Chrysler, in one of the clearest responses to the Tesla-driven electric revolution: the merger will allow them to share expensive investments in battery technology.
Continue reading...As disruption from Covid-19 spreads, only some low-volume producers will remain open
Every major carmaker in the UK and Europe is suspending or cutting production as the disruption from the coronavirus outbreak spreads – with only lower-volume manufacturers such as Aston Martin keeping factories open.
Jaguar Land Rover (JLR) and Bentley Motors have become the latest British carmakers to suspend production at their UK factories.
Continue reading...PSA Group’s decision is boost to British car industry and workers at Ellesmere Port plant
PSA Group said it will build its new Vauxhall Astra car at its Ellesmere Port plant but only on the condition the government secures a good Brexit deal.
The decision is a major boost for the embattled British car industry and the 1,100 employees at the plant, whose future had been thought to be dependent on winning the Astra contract.
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