Author: Gilles Guillaume
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Stellantis to unveil Citroën e-C3, first affordable European-made EV
By Gilles Guillaume PARIS (Reuters) – The world’s No.3 carmaker Stellantis will unveil its first European-made affordable electric car in mid-October, the new Citroën e-C3, as it gears up to counter the arrival of lower-cost Chinese brands in the European market. Electric vehicles (EVs) are more expensive than their fossil-fuel counterparts and European carmakers plan…
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Stellantis CEO upbeat on U.S. as shareholders vote against pay package
By Giulio Piovaccari and Gilles Guillaume (Reuters) -Stellantis Chief Executive Carlos Tavares on Wednesday took a bullish stance on the U.S. market despite rising fears of a downturn, as the carmaker’s shareholders voted against the 2021 compensation package for top executives. Speaking at the carmaker’s annual shareholders’ meeting, Tavares said Stellantis was confirming its forecast…
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Strong first year boosts Stellantis as cost challenges loom
By Giulio Piovaccari and Gilles Guillaume MILAN (Reuters) – Stellantis beat its profitability target in the first year following its creation from the merger of Fiat Chrysler and Peugeot maker PSA, boosting hopes the automaker can cope with rising raw material costs and a shortage of semiconductor chips. Milan-listed shares in the world’s No.4 carmaker…
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Amazon and Stellantis partner to deploy smarter cars, cleaner vans
By Joseph White and Gilles Guillaume (Reuters) – Amazon.com Inc and Stellantis NV said Wednesday they will collaborate to develop cars and trucks with Amazon software in the dashboards, and deploy electric vans made by Stellantis on Amazon’s delivery network. The agreements expand Amazon’s efforts to get a bigger foothold in the transportation industry, and…