Why Stellantis is doubling down on hybrids instead of EVs [USA TODAY]
Stellantis N.V. Common Shares (STLA)
Company Research
Source: USA TODAY
"We truly believe that hybrid is going to be one of the favorite powertrains in the U.S.," Filosa said, speaking at a conference organized by Goldman Sachs. He clarified that the automaker is focusing more on traditional hybrids rather than plug-in hybrid models, for which he doesn't see the same demand. Filosa highlighted the automaker's Jeep Cherokee hybrid, and said Stellantis is trying to expand offerings across its lineup. The CEO is trying to reverse steep market-share losses in the U.S. that contributed to the departure of his predecessor, former CEO Carlos Tavares, who abruptly left one year ago. The new head of Stellantis, which has 14 brands including Chrysler, Ram and Jeep, began in his role about six months ago following a lengthy search to replace Tavares. Filosa this week joined the CEO of Ford Motor F.N in meeting with President Donald Trump to discuss his proposal to slash fuel economy regulations. Loosening these regulations allows automakers to increase
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- Stellantis's decision to shift production to Illinois breaches funding contract, Ottawa says [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Joly says Stellantis getting a notice of default following production shift to U.S. [BNN Bloomberg (Canada)]BNN Bloomberg
- Joly says Stellantis getting a notice of default following production shift to U.S. [Yahoo! Finance Canada]Yahoo! Finance Canada
- Stellantis CEO says hybrids are a top priority for the U.S. market [BNN Bloomberg (Canada)]BNN Bloomberg
- Stellantis CEO confident in brand's future after Trump meeting [Yahoo! Finance]Yahoo! Finance
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