GM to Retire the Chevy Malibu to Make More EVs [The New York Times]
Stellantis N.V. Common Shares (STLA)
Company Research
Source: The New York Times
General Motors said on Wednesday that it would stop making the Chevrolet Malibu, the last affordable sedan in its model lineup and a venerable nameplate that was introduced in the 1960s when the company was a dominant force in the economy.For years, American drivers have been gravitating toward sport utility vehicles and away from sedans, compacts and hatchbacks. G.M.’s two Detroit rivals, Stellantis and Ford Motor, have also largely wiped their slates clean of cars in the United States.Foreign automakers such as Toyota, Honda and Hyundai still sell hundreds of thousands of sedans and compacts each year, but far fewer than in previous decades when the Toyota Camry and Honda Accord ranked among the most popular vehicles on American roads. Last month, Subaru, a Japanese automaker, said it would stop making its Legacy sedan next year.G.M. produces the Malibu at a plant in Fairfax, Kan., and will continue to manufacture the car until later this year, when it plans to retool the factory
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News
- Alabama Mercedes-Benz Workers Vote Against Unionizing—In UAW Setback [Forbes]Forbes
- Tim Kuniskis, CEO of Ram and Dodge brands, retiring from Stellantis after nearly 32 years [CBS News]CBS News
- Mercedes-Benz workers reject UAW in Alabama [Yahoo! Finance]Yahoo! Finance
- Alabama Mercedes-Benz Workers Vote Against Unionizing—In UAW Setback [Forbes]Forbes
- American muscle cars are losing their biggest champion as Tim Kuniskis retires from Stellantis after a 32-year run [Fortune]Fortune
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- 5/17/24 - Form 8-K
- 5/15/24 - Form 6-K
- 5/9/24 - Form 10-Q
- STLA's page on the SEC website