U.S. stocks tiptoed to more records after a quiet day of trading.

A Stellantis joint venture with Samsung SDI has won a commitment from the U.S. Energy Department for up to a $7.54 billion loan to help build two electric vehicle battery plants in Kokomo, Indiana.

Morning 4 is a quick roundup of stories we think you should know about to start your day.

The automaker’s Board of Directors accepted Carlos Tavares’ resignation on Sunday, Dec. 1, 2024.

Stellantis CEO Carlos Tavares is stepping down after nearly four years in the top spot of the carmaker that owns brands like Jeep and Ram and Citroën and Peugeot.

The automaker’s Board of Directors accepted Carlos Tavares’ resignation on Sunday, Dec. 1, 2024.

About 1,100 workers at the Stellantis Jeep factory in Toledo, Ohio, are facing layoffs early next year as the company takes further steps to cut high inventory at dealers.

Workers in Italy’s troubled automotive sector are holding a national strike for the first time in 20 years, with a massive demonstration crossing the center of Rome.

Stellantis is fixing its slowing U.S. sales at the right pace after fumbling a marketing plan earlier this year, CEO Carlos Tavares told reporters Monday.

Italian lawmakers on Friday questioned the head of troubled French-Italian automaker Stellantis over the group’s strategy, one day after it announced a management shakeup in an effort to revive sales.

Italy's main metalworkers union says workers in the automotive sector will go on strike on Oct. 18 in protest of declining output from Stellantis, the biggest carmaker in the country.

Struggling Jeep and Ram maker Stellantis is looking for a CEO to succeed Carlos Tavares, but the company says it’s just part of a normal leadership succession plan.

U.S. autoworkers warn that a dispute between their union and Stellantis over delays in reopening a shuttered factory in Belvidere, Illinois, is much bigger than that one plant.

Stellantis will spend $406 million retooling three Michigan factories so they can build electric vehicles or battery parts.

Stellantis is warning that it could lay off as many as 2,450 of the 3,700 union workers employed at a truck plant just outside of Detroit.

Jeep and Ram maker Stellantis says it will offer buyout packages to many of its U.S. white-collar workers just five days after the company’s CEO said the auto industry is in the middle of a significant storm.

Investors are punishing automakers’ stocks this week after second-quarter earnings reports exposed industrywide issues of slowing sales and high prices.

Stellantis announced this week that it will reduce its production hours for the month of July at the Warren Truck Assembly Plant.

Comments from the CEO at the Stellantis investor meeting suggest the possibility of considerable job loss for workers, especially at the Auburn Hills office tower.

Morning 4 is a quick roundup of stories we think you should know about to start your day.

Stellantis leadership has promised a massive cost-cutting effort that may affect jobs for many Metro Detroit workers, particularly in Auburn Hills.

It's highly discouraging news for Metro Detroit after last week's Atlantis investor meeting, where CEO Carlos Tavares promised a massive cost-cutting effort. It may mean considerable job loss for workers, particularly at the Auburn Hills office tower.

European carmaker Stellantis says it will begin selling electric vehicles from its Chinese partner Leapmotor in nine European countries later this year.

Jeep maker Stellantis is planning to lay off an unspecified number of workers at its U.S. factories in the coming months to deal with a rapidly changing global auto market, the company said Tuesday.

Stellantis CEO Carlos Tavares has his attention fixed on Chinese competitors as the automaker’s launch of its electric vehicle strategy begins in earnest.

On the surface, the platform beneath a new generation of automobiles has little to do with politics and elections.

The United Auto Workers union has made CEO pay a central part of their argument for a big worker wage increase.

Stellantis says that when it starts to sell compact and midsize electric vehicles off new underpinnings next year, they will be able to go up to 435 miles (700 kilometers) per charge.

Electric vehicle maker Rivian says it will follow General Motors and Ford and join Tesla’s charging network next year.

Automotive company Stellantis announced last week that it’s offering buyouts to 33,000 employees in an effort to “improve efficiency” in a competitive market.

The new UAW president has reacted to Stellantis offering 33,000 workers a deal to separate from the company.

Stellantis is moving closer to closing its factory in Belvidere, Illinois, as it prepares for the costly transition from internal combustion to electric vehicles.

Stellantis CEO Carlos Tavares says his company has to work to cut costs globally in order to keep electric vehicles affordable for the middle class.

When a futuristic-looking electric Ram pickup truck goes on sale next year, it will hardly be the first in line.

French President Emmanuel Macron and his far-right challenger in the French presidential vote, Marine Le Pen, have decried as “shocking” the multimillion euro payout to the CEO of carmaker Stellantis.

The U.S. government is ending an investigation into complaints of USB charging port fires in some Fiat Chrysler minivans without seeking a recall.

Carmaker Stellantis has announced a strategy to embed AI-enabled software in 34 million vehicles across its 14 brands.

Factorial Energy signs a joint development agreement with high-voltage traction solid-battery technology.

PSA Peugeot’s takeover of Fiat Chrysler to form the world’s fourth-largest carmaker has had its first executive casualty, with former Fiat Chrysler CEO Mike Manley stepping down as his role of head of the Americas.

Automaker Stellantis says it achieved faster-than-expected progress on synergies and record margins in its first six months as a combined company, despite suffering 700,000 units in lower production due to interruptions in the semiconductor supply chain.

Stellantis is a little late to the global electric vehicle party, but on Thursday it pledged to catch up and pass its competitors.

Carmaker Stellantis and Taiwan’s Foxconn have announced plans to develop a jointly operated automotive supplier focusing on technology to make vehicles more connected, including artificial intelligence-based applications and 5-G communications.

The Italian-American carmaker and the French mass-market automotive company completed their merger on Jan. 16, creating Stellantis, the world’s fourth-largest carmaker, despite a pandemic year that saw profits plunge. “Stellantis is not born from a crisis,’’ Tavares told a conference call after fourth-quarter earnings were released. Fiat Chrysler reported adjusted net profits in the pandemic year of 1.9 billion euros ($2.3 billion), down 57% from 2019. PSA reported earnings of 2.2 billion euros, a drop of 32%. Fiat Chrysler reported fourth-quarter adjusted earnings before interest and taxes of 2.3 billion euros, a record 2.2 billion euros of those generated in North America, where the profit margin was 11.6%.

DETROIT – Much of General Motors’ success and positive press in recent months comes from the discussion around electric vehicles. GM wants to sell all electric vehicles by 2035 and be carbon neutral by 2040. Stellantis CEO Carlos Tavares visited Detroit, looking to introduce himself and see his Detroit plants. Chrysler’s future is likely electric and autonomous. He said the company is aggressively pursuing electric vehicles, but also said the company has to be very careful because electrification adds significant cost.

Stellantis shares start trading in New York in the new auto giant created by the merger of Fiat Chrysler and PSA Peugeot. But Tavares was confident that brands would be boosted, factories would be filled and no jobs would be lost, at least initially. “Our commitment on this merger is that we will not shut down plants as a consequence of the merger,’’ Tavares said. “I think that there’s many more things to do in our car company than just cutting costs,” he said. The PSA Group merger with Fiat Chrysler was completed on Saturday, creating the world's fourth largest car manufacturer.

Stellantis, the car company combining PSA Peugeot and Fiat Chrysler, was launched Monday on the Milan and Paris stock exchanges, giving life to the fourth-largest car company in the world. (AP Photo/Peter Dejong)MILAN – Stellantis, the car company combining PSA Peugeot and Fiat Chrysler, was launched Monday on the Milan and Paris stock exchanges, giving life to the fourth-largest auto company in the world. Stellantis shares rallied 7.6% in Milan to 13.53 euros ($16.32). CEO Carlos Tavares said during a virtual bell-ringing ceremony that the merger creates 25 billion euros in shareholder value. Its closing market capitalization was under 20 billion euros, far off its 2018 highs of more than 30 billion euros.

Fiat Chrysler Shareholders of Fiat Chrysler and France's PSA Group met Monday, Jan. 4, 2021 to vote on a merger that will create the world's fourth-largest automaker. (AP Photo/Michel Euler, File)DETROIT – The merger between Peugeot maker PSA and Fiat Chrysler Automobiles that will lead to the creation of Stellantis was complete Saturday. The Peugeot and FCA merger has been the subject of much controversy. Speaking to Local 4 News earlier this month, Frank Rhodes, the great grandson of Walter Chrysler who founded famed auto company Chrysler in 1924 expressed concern over the business deal. Read more: Great grandson of Walter Chrysler worries about fate of automaker

Fiat Chrysler Shareholders of Fiat Chrysler and France's PSA Group are meeting Monday, Jan. 4, 2021 to vote on a merger that will create the world's fourth-largest automaker. Fiat Chrysler shares were up 0.2% in New York on Monday at $18.13, while Peugeot rose 1.7% to 22.75 euros. Fiat Chrysler announced Monday that its stockholders as of Jan. 15 will get a special cash payment worth 1.84 euros ($2.26) per common share after the merger closes. Fiat Chrysler CEO Mike Manley will head North American operations, which is key to Tavares' long-time goal of getting a U.S. foothold for the French carmaker he has run since 2014, and the clear money-maker for Fiat Chrysler. Fiat Chrysler said there are no plans to close any plants.

Fiat Chrysler Shareholders of Fiat Chrysler and France's PSA Group are meeting Monday, Jan. 4, 2021 to vote on a merger that will create the world's fourth-largest automaker. Experts say that means Tavares, currently the head of PSA Group, is likely to follow that blueprint when he becomes leader of a merged PSA and Fiat Chrysler Automobiles. The low-performing Chrysler brand might get the axe as could slow-selling cars, SUVs or trucks that lack potential. He likely will target Europe for consolidation first, because that’s where Fiat vehicles overlap extensively with PSA’s, said IHS Markit Principal Auto Analyst Stephanie Brinley. In December the companies announced that Fiat Chrysler CEO Mike Manley would run Stellantis’ operations in the Americas.

FILE - In this Jan. 14, 2019 file photo, Fiat Chrysler's new CEO, Mike Manley, is interviewed at the North American International Auto Show in Detroit. Manley will run operations in the Americas when his company merges with Frances PSA Peugeot early next year. FCA Chairman John Elkann announced Manleys new post on Friday, Dec. 18, 2020 in a letter to employees. (AP Photo/Carlos Osorio)DETROIT – Fiat Chrysler CEO Mike Manley will run operations in the Americas when his company merges with France’s PSA Peugeot early next year. PSA CEO Carlos Tavares will run the overall company, to be named Stellantis.