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The Latest Breaking News from Carlos Tavares

Stellantis CEO says 'EV race has become a cost-cutting race' in warning to EU autoworkers

Carlos Tavares said a price war would likely move automakers' supply chains outside of Europe.

Fortune

The Electric Car Tariff Battle With China Kicks Off August 1

Meanwhile, Stellantis' CEO calls tariffs a "trap", and BMW and Mercedes' plants in the U.S. could see tariff payback from China.

InsideEVs

Tyson Fury and Mo Salah outearn Europe’s highest paid CEOs—but top U.S. execs trail only Cristiano Ronaldo's $260 million haul

Stellantis CEO Carlos Tavares had a compensation package worth $39.4 million in 2023, lower than any of the world's top 50 sports stars.

Fortune

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Vauxhall owner to sell cheap Chinese EVs in UK and mainland Europe

Stellantis deal with Leapmotor aims to cash in on imports as Biden imposes 100% tariff in US

The Guardian - UK

France's top CEOs earn 130 times more than their employees, says Oxfam

Anti-poverty charity Oxfam has called for a new law to combat the "indecent" gap between the salaries of France's highest-paid company executives and their staff, after its annual report revealed disparities were growing and an increasing number of people are living on the minimum wage.

Radio France Internationale

Stellantis Boss Tavares Defends Pay Rise Ahead Of Shareholders' Vote

The vote at an annual general meeting in Amsterdam is non-binding but will be closely watched after several activist investors called for a vote against the salary. His wage was rejected in 2021.

International Business Times

Stellantis CEO Wants To Put EVs On A Diet

Today on Critical Materials: Stellantis says EVs must halve battery weight, Tesla looks at India, and Baltimore disaster will cost one car shipper $10 million.

InsideEVs

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Tesla Q1 Sales Draw Grim Predictions From Wall Street Analysts

Analysts who have long been bullish on Tesla are now conservative as Elon Musk's brand is expected to release its Q1 2024 sales and earnings reports this week.

InsideEVs

White House To Probe 'Risks' Of Chinese Cars With Connected Tech

Today on Critical Materials: Feds to probe China's access to vehicle data, Stellantis CEO says it must make its batteries, and Aston Martin delays its first EV.

InsideEVs

GM Just Poached Tesla's All-Time-Great Battery Chief

Today on Critical Materials: GM poaches Tesla's battery chief, China will help EV manufacturers despite sanctions, and the UAW calls for higher import tariffs.

InsideEVs

GM Has 100,000 Reservations For Its EV Pickups

Today on Critical Materials: GM has 100,000 reservations for battery-powered pickups, EV shopping trumps traditional ICE, and Stellantis dealers rush for EVs.

InsideEVs

China's Automakers Would 'Demolish' Manufacturers If Not For Trade Barriers: Musk

Today on Critical Materials: Elon Musk says Chinese automakers would demolish the world if not for trade barriers, Tesla stock tanks, and Cybertruck slowdown not due to battery cells.

InsideEVs

'You Will Have A Bloodbath': Stellantis' Boss Warning On Tesla-Style EV Price Cuts

"I know a company that has brutally cut pricing and their profitability has brutally collapsed," Stellantis boss Carlos Tavares said of Tesla.

InsideEVs

Stellantis Appoints Carlos Zarlenga as North America COO

Stellantis, the automotive giant, has named Carlos Zarlenga as their new Chief Operating Officer (COO) for North America, a key position in their leadershi...

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InsideEVs

Stellantis 'In The Black' On EVs In The U.S. And Europe, CEO Says

By "EVs," Carlos Tavares meant "electrified vehicles" (BEV+PHEV+HEV), as Stellantis currently has zero BEVs on sale in USA.

The Independent UK

UAW justifies wage demands by pointing to CEO pay raises. So how high were they?

The United Auto Workers union has made CEO pay a central part of their argument for a big worker wage increase

Fortune

The UAW’s Shawn Fain wants to wreck ‘the billionaire class’ as analysis reveals Ford, GM and Stellantis CEOs make at least 281 times their average employee

The UAW took aim at Ford’s Jim Farley for making $21 million last year, but the CEOs of GM and Stellantis actually make even more.

Motorsport

Why Sauber was F1's "best deal" for Alfa Romeo

The Italian GP was the last home race for the Milanese marque as its six-year relationship with Sauber approaches its conclusion.

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WEKU

Sky-high CEO pay is in focus as workers everywhere are demanding higher wages

As autoworkers' real wages fall, top executives at the Big Three carmakers continue to earn tens of millions of dollars each year — hundreds of times more than the median employee.

Autosport

Why Sauber was F1’s "best deal" for Alfa Romeo

The Italian GP was the last home race for the Milanese marque as its six-year relationship with Sauber approaches its conclusion. The occasion was celebrated with a special livery featuring the Italian flag, while Alfa also used the weekend to unveil the new 33 Stradale, a model that reflects the…

InsideEVs

Stellantis' Plans To Build $25,000 EV In US Clash With UAW Demands

"Stellantis' business model is broken, and until they fix it, they'll never hit that $25,000 target," UAW President Shawn Fain said in a statement.

Fortune

The auto worker's union is furious at what the parent of Chrysler and Jeep is offering to avoid a strike: ‘Management’s chosen to spit in our faces’

With their labor contract set to expire next month, United Auto Workers president Shawn Fain blasts low-ball offer by literally tossing it in the garbage bin.

InsideEVs

Tesla Entering "World Of Tight Pricing," Cost Woes: Stellantis CEO

Stellantis is now more profitable than Tesla and GM, but Carlos Tavares said the carmaker would not cut prices on his cars, squeezing production costs instead.

The Guardian - UK

Your electric flying taxi is just around the corner

Prototypes are finally taking off after a difficult time for investors, and some surprising challengers have joined the race

Chicago Sun-Times

Rivian to join Tesla charging network as automakers consider company’s plug

It is another domino to fall as the auto industry considers switching to Tesla’s connector. At present, nearly all automakers other than Tesla use a connector developed with the Society of Automotive Engineers.

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