Recent developments in Turkey's automotive industry have highlighted the growing interest in expanding and modernizing local production. Turkish company Tofas has announced its plan to invest 256 million euros (approximately 291 million dollars) in the creation of a new passenger car model. This initiative aligns with obtaining approval from Turkey's antitrust authorities for the acquisition of the distribution business of Stellantis NV $STLA.
As global interest in electric vehicles (EVs) continues to grow, the automotive industry faces unprecedented challenges. In late March 2023, Stellantis—one of the world’s leading automakers—announced its decision to halt production of the compact electric vehicle Leapmotor T03 at its plant in Tychy, Poland. This move, which comes amidst Stellantis’ earlier plans to expand its EV footprint in Europe, has become a key topic of discussion across the automotive sector.
Stellantis NV, one of the world’s leading automakers, recently announced temporary layoffs of 900 employees across five facilities in the United States. The decision comes in response to a major policy shift following U.S. President Donald Trump’s latest tariff announcements. Additionally, Stellantis is halting production at one of its plants in Mexico and another in Canada.
Recently, Stellantis NV, the owner of renowned brands such as Jeep and Ram, announced the temporary suspension of operations at its plants in Canada and Mexico. This decision comes in response to the implementation of new tariffs that are beginning to significantly impact the entire automotive industry in North America.
Italian auto parts manufacturer CLN-Coils Lamiere Nastri SpA is in the spotlight following recent reports about its negotiations with Stellantis NV. Amid a challenging financial landscape, CLN is taking steps to reduce its debt and improve its financial standing. This situation may have significant repercussions for both the company’s assets and Stellantis' stock.
In response to tightening environmental regulations set by the European Union, Europe’s automotive sector is undergoing significant transformation. Recent reports reveal that Stellantis, Europe’s second-largest automaker, is set to acquire carbon credits from a consortium led by Tesla. This development marks a pivotal moment as the industry shifts toward enhanced emission control and increased electrification.
An official statement from the Chinese Embassy in Spain has once again drawn attention to the evolving electric vehicle market. According to the latest information, Stellantis, in partnership with Chinese firm Leapmotor, plans to invest US$200 million in a Spanish plant. This move is set to establish Spain as the primary production hub for the new electric crossover B10 destined for the European market by 2026.
In light of security threats and an increased need for defense, the automotive industry in Europe is facing new challenges. Recently, the chairman of Stellantis stated that the sector should not shift towards defense production. This comment comes amid discussions about significant increases in defense spending across European countries.
On Friday, Stellantis and Iveco announced a significant agreement aimed at expanding the lineup of electric vans in the European market. This partnership will allow Iveco to acquire two fully electric van models developed on Stellantis platforms. Sales of these new models are expected to begin in mid-2026, providing all parties with ample time to prepare for the launch.
South Korean company Samsung SDI Co. recently announced its consideration of building a new manufacturing plant in the United States, reflecting optimism about the electric vehicle battery market's growth. This statement was made by CEO Choo Sung-choi during a press conference in Seoul, underscoring the company's long-term plans despite recent governmental changes, such as the cancellation of electric vehicle subsidies by President Donald Trump.
According to updated data released by the French Automobile Association (PFA), the market for new vehicles in France faced a slight yet notable decline in February 2025. Despite the overall number of registered vehicles, figures indicate significant changes linked to competition among major car manufacturers like Stellantis $STLA and Renault $RNO.PA.
Stellantis $STLAM.MI is undergoing a significant transformation. Amid interviews for the CEO position, the Chairman of the Board, John Elkann, is focused on evaluating the future viability of the company’s 14 brands. The merger of Fiat-Chrysler and Peugeot PSA in 2021 created one of the most diverse brand portfolios in the automotive sector, offering both vast opportunities and complex challenges for this global automaker.
