STLA News Explorer

So far, 2024 is pacing to have a record number of CEOs out of a job. This week, two big ones — from Intel and Stellantis — illustrated a key point: It's hard to keep your job when your stock is down big.

Investors are looking ahead to a week of labor data that could influence the scope of interest rate cuts.

More exacting boards, a winner-take-all market, and higher capital costs are making it harder for CEOs to keep their jobs.

Stellantis CEO Carlos Tavares abruptly announced his resignation on Sunday after leading the car giant for four years. Its board is already looking for his permanent replacement.

The loan, from the Biden administration, was designed to withstand Republican attacks and will be used to make electric-car batteries in Indiana.

The car making giant owns brands including Vauxhall, Jeep, Fiat and Peugeot.

The company, facing slumping sales, announced that Carlos Tavares would step down immediately and that a search for a new chief was underway.

Demand for electric cars is lower than expected, the industry says. What might help to boost sales?

Car giant Stellantis, which owns Vauxhall, has announced it will close its van factory in Luton.

Transport Secretary Louise Haigh says the rules will remain, but car firms warn they are too strict.

Stellantis, which has been working to reduce its inventory levels in North America, announced it was indefinitely laying off over 1,000 workers at its Jeep assembly plant in Ohio.

Stellantis is recalling more than 20,000 2024-2025 model-year Alfa Romeo Tonale PHEV SUVs and 2024 model-year Dodge Hornet PHEV SUVs over a potential brake pedal issue.

Investors are looking to job openings and manufacturing data to provide clues to rate cuts as they digest Powell's latest comments.

Stellantis stock tumbled 13% early Monday after the company issued a stark warning about its North American operations, dragging other auto stocks lower in sympathy.

The market is bracing for the September US jobs report, set to test the upbeat tone in stocks.

The company, famed for its links to James Bond, has been hit by falling sales in China.

The market is bracing for the September US jobs report, set to test the upbeat tone in stocks.

The automaker, created by a 2021 merger, is dealing with labor unrest, slumping sales and a revolt from its dealers.