A component of Stellantis CEO’s package includes 13 billion euros in long-term incentives linked to specific performance targets.

This decision marks a significant milestone for the historic factory, which has been manufacturing vans for over nine decades.

Stellantis was created in 2021 after the merger of France’s Peugeot-maker PSA, and Italian-American Fiat Chrysler.

Stellantis issues cautionary outlook for 2024 amid operating profit decline, labor strikes, and industry challenges

Stellantis announces substantial investment in Hungary facility to scale up electric drive module production

Following a safety testing scandal, Stellantis temporarily halted all factory operations, affecting its domestic production.

Some 300-350 people are expected to be on furloughs every week out of a total of around 1,250 workers making the electric Fiat 500.

The Spanish government plans to initiate a bidding process where companies will vie for grants and loans earmarked for specific projects, including Stellantis’ battery factory …

Stellantis has been engaged in discussions with the Italian government since last summer regarding a long-term plan for the automotive industry.

Stellantis CEO Carlos Tavares emphasises on prioritising profitability over potential industry-wide disruptions