Page 49 - Stellantis News Today

Stellantis' UAW members stand to receive the highest profit-sharing payout per worker among those at the Detroit Three.

By David Sachs Stellantis said it will launch a buyback of 3 billion euros ($3.22 billion) after posting record sales and aftertax profit in 2023 despite a...

(Bloomberg) -- Stellantis NV rose to a record with plans for a new buyback and higher dividend offsetting warnings of a tough year ahead on softer vehicle prices.Most Read from BloombergJapan Loses Its Spot as World's Third-Largest Economy as It Slips Into RecessionIsrael Quits Ceasefire Talks Over ‘Delusional’ Hamas DemandsThe Brutal Reality of Plunging Office Values Is HereTrump Eyes NATO Makeover, Hurried Peace in Ukraine If ElectedDip Buyers Wade Back In to Fuel Wall Stree...

Stellantis said it made almost $20 billion in 2023. The automaker also announced a dividend and stock buyback.

The Biden administration and automakers are in the final stages of negotiating over ambitious new rules to accelerate the electric-vehicle transition that could cost Detroit's automakers billions and fuel an election-year clash over climate policy. The White House could enact proposed Environmental Protection Agency regulations as soon as March that would mandate dramatic reductions in tailpipe emissions. The administration proposal would require boosting U.S. EV market share to 67% by 20...

Joe Biden: The White House could enact proposed Environmental Protection Agency regulations as soon as March that would mandate dramatic reductions in tailpipe emissions. The administration proposal would require boosting U.S. EV market share to 67% by 2032 from less than 8% in 2023.

I love a good convertible, but some manufacturers lost the plot when they chopped the top.

Lancia's first new model in 13 years was designed in partnership with furniture brand Cassina.

Stellantis — the parent company of Chrysler and Fiat, among other brands — reported full-year results and announced a new share buyback plan that sent shares higher, despite warning of a “turbulent” year ahead.

Also, GM is expanding Super Cruise in a big way, and Stellantis' earnings were hit hard by the UAW strike.