Stellantis NV
NYSE: STLA
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STLA Articles
Fiat Chrysler is expected next week to confirm reports that the company plans to retool and reopen a Detroit assembly plant to make new Jeep SUVs for the 2021 model year.
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OPEC continues to balance the extent to which it will cut production, Fiat Chrysler will open a factory in Detroit, and other important business headlines today.
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GM and Ford have each announced they will stop selling some of their car models in the United States. A brand made by Fiat Chrysler may well be next.
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Sales of pickups and SUVs carried U.S. automakers Ford and Fiat Chrysler in November. Toyota's midsize Tacoma posted its best-ever November with more than 21,000 units sold in the month.
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Fiat Chrysler sales rose by 17% in November led by a gain of 12% in Jeep sales and 44% in Ram pickup sales.
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New car sales for the month of November are forecast to be lower year over year and month over month, according to estimates from two industry analyst firms.
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Ford, already pressured from falling sales in China, slow progress in cutting costs and a faltering effort to get into the electric and autonomous car businesses, will be hit by a sharp drop in U.S....
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European auto sales in October recovered somewhat from a massive September decline but still posted a decline. For the year to date, however, sales are up slightly.
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One global car company has strong sales in most of the world's markets, and it usually holds one of the highest spots in car quality surveys.
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Sales of Ford's best-selling F-Series pickups dropped more than 7% in October, but monthly sales remained above 70,000 for the eighth consecutive month.
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Jeep and Ram got help in October from both the Dodge and Chrysler brands and pushed Fiat Chrysler's sales up 16% year over year.
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Ford's October sales are expected to drop 10%, another challenge to the company's turnaround, which got a positive boost when the company announced earnings recently.
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Auto industry researchers at Cox Automotive and Edmunds are expecting new car sales in the United States to drop by more than 6% year over year in October. Automakers report sales data on November 2.
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Third-quarter auto sales are a pretty good hint at what we can expect to see when carmakers begin reporting earnings later this week and next.
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Following a month of booming auto sales in the European Union, September sales plunged more than 20% as new emissions and fuel-consumption testing procedures were implemented.
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