Stellantis to Buy Back Shares Worth $920 Million from General Motors
GM was issued these warrants by Peugeot SA in 2017 as part of the sale of its Opel-Vauxhall business.
Three Things in Stellantis News Relating to Citroën
With Stellantis reporting revenues up 12% in Q1 2022, three other things the company announced this month may provide some insight into the future of the Citroën brand.:
Stellantis unveils strategic plan to 2030 with little mention of Citroën
Stellantis CEO Carlos Tavares presented his strategic plan for the company to 2030, but only once was there specific mention of Citroën.
Stellantis Profitability Beats First Year Target
“Record results prove that Stellantis is well positioned to deliver strong performance, even in the most uncertain market environments,” Chief Executive Carlos Tavares said in a statement today.
Carlos Tavares Says Electrification is Being Advanced by Politicians, Not the Industry
Stellantis CEO Carlos Tavares stated some plain and refreshing truth this week about the automotive industry’s move to electrification.
DS Automobiles shows its Formula E at CES
At the 2022 Consumer Electronics Show in Las Vegas, DS Automobiles showed off its Formula E World Championship DS E-TENSE FE21.
Stellantis to Maintain DS Brand in China Despite Disappointing Sales
DS Automobiles will keep selling cars in China and next year will unveil a new plan to boost disappointing sales.
Michael Manley Moves from Stellantis to Head AutoNation
It was announced on Tuesday that Mike Manley will step down from his role as Head of Americas for Stellantis
Stellantis to Bank on Opel to Rejuvenate China Sales
If Citroën and Peugeot compete in essentially the same market segment, they could cannibalize Opel’s sales and the brand’s foray into the Chinese market.
DS Automobiles to go 100% electric by 2024
The DS Automobiles announced this week that commencing in 2024, all new models offered by DS Automobiles will be manufactured exclusively with 100% electric powertrains.