Stellantis Needs To Upgrade Tech and Expand Plants – LaborPress

A software defect threatens the safety of drivers, causing untimely shutdowns of the engine in full circulation. The automotive group has been increasing the number of reminders since the beginning of the year. Several ranges of vehicles marketed by Stellantis are the subject of an urgent reminder in France. The reason ? A computer problem likely to lead to a sudden extinction of the engine [...] The article Stellantis in crisis: thousands of ve…

Vehicles of the Stellantis group, sold between 2022 and 2023, are the subject of a large recall in France, says Friday the site Reminder Conso, due to a risk of engine shutdown that can "provoke accidents". The brands Peugeot, Opel, Fiat and DS Automobiles are concerned.

Stellantis Needs To Upgrade Tech and Expand Plants – LaborPress

In a shocking move, Stellantis is preparing to spend billions of dollars on stock buybacks and dividends rather than upgrading technology and expanding manufacturing of cars within the United States. At the company’s annual shareholder meeting in Amsterdam, the Stellantis Board of Directors has approved a $2.6 billion dollar dividend, while they consider an additional stock buyback of up to 10 % of the company’s stock, or $2.6 billion. Stellantis