StreetInsider.com News Articles

Stellantis reportedly considering potential sale of luxury brand Maserati

Fri, 20 Jun 2025 06:54:58 -0400

Investing.com -- Stellantis (NYSE:STLA) is exploring options for its luxury brand Maserati, including a possible sale, according to a Reuters report on Friday.

The evaluation of Maserati’s future began before incoming CEO Antonio Filosa’s appointment last month, while Chair John Elkann was leading the company. Filosa starts his position on Monday.

The viability assessment of Stellantis’ 14 brands, which include Chrysler, Peugeot (OTC:PUGOY), Jeep, and Alfa Romeo, was a key focus for Elkann during the CEO selection process.

In April, the automaker hired consulting firm McKinsey to analyze the impact of U.S. tariffs on Maserati and Alfa Romeo as these brands develop their

Stellantis reportedly considering potential sale of luxury brand Maserati

Fri, 20 Jun 2025 06:54:58 -0400

Investing.com -- Stellantis (NYSE:STLA) is exploring options for its luxury brand Maserati, including a possible sale, according to a Reuters report on Friday.

The evaluation of Maserati’s future began before incoming CEO Antonio Filosa’s appointment last month, while Chair John Elkann was leading the company. Filosa starts his position on Monday.

The viability assessment of Stellantis’ 14 brands, which include Chrysler, Peugeot (OTC:PUGOY), Jeep, and Alfa Romeo, was a key focus for Elkann during the CEO selection process.

In April, the automaker hired consulting firm McKinsey to analyze the impact of U.S. tariffs on Maserati and Alfa Romeo as these brands develop their

Stellantis reportedly considering potential sale of luxury brand Maserati

Fri, 20 Jun 2025 06:54:58 -0400

Investing.com -- Stellantis (NYSE:STLA) is exploring options for its luxury brand Maserati, including a possible sale, according to a Reuters report on Friday.

The evaluation of Maserati’s future began before incoming CEO Antonio Filosa’s appointment last month, while Chair John Elkann was leading the company. Filosa starts his position on Monday.

The viability assessment of Stellantis’ 14 brands, which include Chrysler, Peugeot (OTC:PUGOY), Jeep, and Alfa Romeo, was a key focus for Elkann during the CEO selection process.

In April, the automaker hired consulting firm McKinsey to analyze the impact of U.S. tariffs on Maserati and Alfa Romeo as these brands develop their

Stellantis reportedly considering potential sale of luxury brand Maserati

Fri, 20 Jun 2025 06:54:58 -0400

Investing.com -- Stellantis (NYSE:STLA) is exploring options for its luxury brand Maserati, including a possible sale, according to a Reuters report on Friday.

The evaluation of Maserati’s future began before incoming CEO Antonio Filosa’s appointment last month, while Chair John Elkann was leading the company. Filosa starts his position on Monday.

The viability assessment of Stellantis’ 14 brands, which include Chrysler, Peugeot (OTC:PUGOY), Jeep, and Alfa Romeo, was a key focus for Elkann during the CEO selection process.

In April, the automaker hired consulting firm McKinsey to analyze the impact of U.S. tariffs on Maserati and Alfa Romeo as these brands develop their

Stellantis appoints Americas COO Antonio Filosa as new CEO

Wed, 28 May 2025 04:28:02 -0400

Investing.com -- Stellantis (NYSE:STLA) has appointed Antonio Filosa as its new Chief Executive Officer, effective June 23, following a unanimous decision by its Board of Directors.

The new CEO succeeds Carlos Tavares, who departed in December following a steep drop in profits and sales, especially in the U.S., which raised concerns over his leadership.

Filosa will also be proposed for election to the Board at an upcoming Extraordinary Shareholder Meeting. Until then, he has been granted full CEO authority to ensure a smooth transition.

The appointment follows a comprehensive internal and external search process led by Executive Chairman John Elkann.

“The Board selected Antonio

Stellantis appoints Americas COO Antonio Filosa as new CEO

Wed, 28 May 2025 04:28:02 -0400

Investing.com -- Stellantis (NYSE:STLA) has appointed Antonio Filosa as its new Chief Executive Officer, effective June 23, following a unanimous decision by its Board of Directors.

The new CEO succeeds Carlos Tavares, who departed in December following a steep drop in profits and sales, especially in the U.S., which raised concerns over his leadership.

Filosa will also be proposed for election to the Board at an upcoming Extraordinary Shareholder Meeting. Until then, he has been granted full CEO authority to ensure a smooth transition.

The appointment follows a comprehensive internal and external search process led by Executive Chairman John Elkann.

“The Board selected Antonio

Stellantis appoints Americas COO Antonio Filosa as new CEO

Wed, 28 May 2025 04:28:02 -0400

Investing.com -- Stellantis (NYSE:STLA) has appointed Antonio Filosa as its new Chief Executive Officer, effective June 23, following a unanimous decision by its Board of Directors.

The new CEO succeeds Carlos Tavares, who departed in December following a steep drop in profits and sales, especially in the U.S., which raised concerns over his leadership.

Filosa will also be proposed for election to the Board at an upcoming Extraordinary Shareholder Meeting. Until then, he has been granted full CEO authority to ensure a smooth transition.

The appointment follows a comprehensive internal and external search process led by Executive Chairman John Elkann.

“The Board selected Antonio

Stellantis third-quarter revenue beats estimates despite slipping by 27%

Thu, 31 Oct 2024 06:25:47 -0400

Investing.com -- Stellantis NV (BIT:STLAM) has posted a 27% drop in third-quarter revenue compared to the year-ago period as the Jeep-owner grapples with lower shipments, pricing headwinds, and bloated inventories.

However, in a call with analysts, Chief Financial Officer Doug Ostermann flagged that inventory reduction at the company behind brands like Peugeot (OTC:PUGOY) and Fiat is "running at a faster rate than expected" in the US. He now sees inventories in the country's dealers falling by 100,000 vehicles prior to an end-of-November target.

Ostermann added that it remains "crucial" for the group to normalize its backlog of cars,

Stellantis third-quarter revenue beats estimates despite slipping by 27%

Thu, 31 Oct 2024 06:25:47 -0400

Ostermann added that it remains "crucial" for the group to normalize its backlog of cars,

Stellantis stock hits a 2-year low on dividend concerns, Barclays downgrade

Thu, 03 Oct 2024 08:34:53 -0400

Investing.com -- Shares in automaker Stellantis (NYSE:STLA) fell Thursday after the company’s CEO Carlos Tavares reaffirmed that the company's dividend and share buyback program will remain intact for 2024. However, he did not dismiss the possibility of adjustments in 2025, as investors grow concerned that the automaker's financial difficulties could affect future distributions.

Stellantis saw its shares fall more than 3% in US premarket trading, while its European shares dropped 3.6% to the lowest level since July 2022. This happened after a recent profit warning fueled worries about the sustainability of its dividend and buyback plans.

"Our commitments were made for 2024

Stellantis stock hits a 2-year low on dividend concerns, Barclays downgrade

Thu, 03 Oct 2024 08:34:53 -0400

"Our commitments were made for 2024

Stellantis stock hits a 2-year low on dividend concerns, Barclays downgrade

Thu, 03 Oct 2024 08:34:53 -0400

"Our commitments were made for 2024

Stellantis stock hits a 2-year low on dividend concerns, Barclays downgrade

Thu, 03 Oct 2024 08:34:53 -0400

"Our commitments were made for 2024

Stellantis stock hits a 2-year low on dividend concerns, Barclays downgrade

Thu, 03 Oct 2024 08:34:53 -0400

"Our commitments were made for 2024

Stellantis stock hits a 2-year low on dividend concerns, Barclays downgrade

Thu, 03 Oct 2024 08:34:53 -0400

"Our commitments were made for 2024

Stellantis NV shares tumble on weak H1 results

Thu, 25 Jul 2024 05:20:18 -0400

Investing.com – Shares of Stellantis NV (NYSE:STLA) took a hit on Thursday after the automaker reported a decrease in both net profit and adjusted operating income for the first half of 2024.

The company attributed this downturn primarily to lower sales, production disruptions from a product overhaul, and weak performance in North America.

Analysts from RBC Capital Markets flagged that North America, typically a stronghold, faced challenges due to production cuts and pricing pressures. Europe also underperformed, driven by reduced volumes and pricing. Despite these challenges, Stellantis remains optimistic about its long-term prospects, driven by a robust pipeline of new products. The

Stellantis NV shares tumble on weak H1 results

Thu, 25 Jul 2024 05:20:18 -0400

Investing.com – Shares of Stellantis NV (NYSE:STLA) took a hit on Thursday after the automaker reported a decrease in both net profit and adjusted operating income for the first half of 2024.

The company attributed this downturn primarily to lower sales, production disruptions from a product overhaul, and weak performance in North America.

Stellantis NV shares tumble on weak H1 results

Thu, 25 Jul 2024 05:20:18 -0400

Investing.com – Shares of Stellantis NV (NYSE:STLA) took a hit on Thursday after the automaker reported a decrease in both net profit and adjusted operating income for the first half of 2024.

The company attributed this downturn primarily to lower sales, production disruptions from a product overhaul, and weak performance in North America.

Stellantis NV shares tumble on weak H1 results

Thu, 25 Jul 2024 05:20:18 -0400

Investing.com – Shares of Stellantis NV (NYSE:STLA) took a hit on Thursday after the automaker reported a decrease in both net profit and adjusted operating income for the first half of 2024.

The company attributed this downturn primarily to lower sales, production disruptions from a product overhaul, and weak performance in North America.

Stellantis forays into Chinese EV market with $1.6 bln stake in Leapmotor