Tuesday Ticker: What’s in store for Stellantis post-Tavares era; Tesla sees shares rise 54 percent year-to-date
Toronto, Ontario — In this weekly Tuesday Ticker, Stellantis CEO Carlos Tavares departs his position, while Tesla continues on a rising trend after experiencing a 13 percent increase in its stock price last week. Ta-ta, Tavares After four years as the CEO of Stellantis, Carlos Tavares has parted ways with the automaker amid its struggling […]
EV/AV Report: Stellantis invests in wind tunnel to test for electric vehicle aerodynamics; while the NHTSA opens an investigation into Tesla’s FSD systems following crashes
Toronto, Ontario — In this electric and autonomous vehicle report, Stellantis unveils its Moving Ground Plane (MGP) technology to test the aerodynamic potential of electric vehicles; while the National Highway Traffic Safety Administration (NHTSA) launches an investigation into Tesla’s Full Self-Driving (FSD) system following four collisions. Breaking into wind Stellantis recently unveiled its Moving Ground […]
Tuesday Ticker: Stellantis to conduct brand review; Tesla increases Canadian destination and documentation fees by 33 percent
Toronto, Ontario — In this weekly Tuesday Ticker, Stellantis CEO Carlos Tavares warns of impending brand reviews, while potential Tesla buyers in Canada weigh their options after the automaker ups fees. Prepare for review Stellantis will review the performance of its brands in the next two to three years to determine whether to reduce the […]
Navigating Variations: Ford shares insights on OEM part fitment issues in latest On Target newsletter
Detroit, Michigan — A recent I-CAR U.S. Repairers Realm episode, along with supplementary material from Ford’s most recent On Target newsletter, sheds light on why some OEM replacement parts may not fit the same as the original part removed from the vehicle. Gerry Bonanni, senior damageability engineer for Ford, and Stellantis’ Body Collision Lead Lynn […]
Burning Batteries: Stellantis recalls 194,000 Jeep PHEVs globally over battery fire risks; 14,000 in Canada
Toronto, Ontario — On Monday, Stellantis announced that it is recalling 194,000 plug-in hybrid electric Jeep SUVs in order to address fire risks and potential battery components. The recall specifically affects 14,000 in Canada, 154,000 vehicles in the United States, 700 in Mexico and approximately 26,000 outside of North America. The automaker is further pursuing […]
Tuesday Ticker: AutoCanada restructures RightRide division; Stellantis cuts profit outlook
Toronto, Ontario — In this weekly Tuesday Ticker, we look into AutoCanada’s decision to shutter more than half of its RightRide used vehicle sales and service locations. At the same time, Stellantis issues an altered profit guidance amid industry oversupply. Restructuring RightRide AutoCanada is restructuring its RightRide division, closing seven locations—more than half of the […]
Tuesday Ticker: Tesla advises ‘notably lower’ growth rate in 2024; Stellantis struggles in North America
Toronto, Ontario — In this weekly Tuesday Ticker, Tesla shares take a hit as CEO Elon Musk advises “notably lower” growth in 2024 compared to what was experienced in 2023. Plus, Stellantis struggles to gain its foothold in the North American market. The Tesla tumble Shares of Tesla dropped 11 percent last Wednesday as the […]
A Yoke Convoke: Stellantis files patent for yoke-style steering and braking system that removes the need for foot-controlled inputs
Toronto, Ontario — Stellantis has filed a new patent design for a yoke-style steering and braking system that removes the need for foot-controlled inputs entirely. Like Tesla’s approach to the steering yoke, the patent—originally filed with the United States Patent and Trademark Office (USPTO) and published on July 4—describes a vehicle system in which “pivoted […]
Manufacturing Mopar: Stellantis North America opens new Mopar Parts Distribution centre in Brampton, Ontario
Brampton, Ontario — On July 9, Stellantis North America officially commemorated the recent opening of a new state-of-the-art Mopar Parts Distribution centre (PDC) in Brampton, Ont. with a ribbon cutting ceremony at the facility. The new facility will employ approximately 170 members and will aim to support Stellantis dealerships and customers in Ontario, Quebec and […]
Cancelling Chrome: Stellantis to remove chrome from future vehicles due to carcinogenic properties
Toronto, Ontario — Stellantis, which produces automotive brands such as Chrysler, Dodge, Jeep, Ram, FIAT, and Alfa Romeo, has announced that it will be removing the use of chrome from its vehicles going forward, due to the material relying on toxic and carcinogenic chemicals. Chief global designer for the automaker, Ralph Gilles has specifically referred […]
