Latest news with #Stellantis
BBC News
an hour ago
- Automotive
- BBC News
My recalled car can't be fixed until next year, says Hull driver
A motorist says she has been left unable to drive her car after it was recalled by the manufacturer – and says her local dealership is unable to book it in for a repair until next has issued a recall for C3 and DS3 models manufactured in Europe at various times between 2009 and 2019 following the deaths of 35 people worldwide from defective Driver and Vehicle Standards Agency (DVSA) says motorists should not drive a recalled car until repairs have been means blue badge holder Denise Harris, 67, from Hull, could be left without a roadworthy vehicle for the next six months. She is one of possibly tens of thousands of Citroen owners in the UK who have been told their cars are unsafe to Harris had already received an urgent safety recall letter telling her the airbags "can degrade over time... and in the event of a collision cause serious injuries or even a fatality in the worst-case scenario".The letter added: "As a precautionary measure, the airbag in your vehicle must be replaced. The procedure takes less than two hours and is completely free." But that was followed last week by a "stop-drive" notice issued by Citroen's parent company, Stellantis."Whilst there have been no reported instances in the UK, Stellantis has decided to deploy a stop-drive order for all impacted vehicles across Europe including the UK," the company said."This decision underscores the company's unwavering commitment to customer safety."But Mrs Harris told the BBC the earliest appointment she had been offered by her local Citroen main dealer was in January 2026, and she had not been offered a courtesy car. David Bosworth and his wife Anne, from Scunthorpe, were also issued an urgent safety recall letter and a stop-drive notice for their Bosworth said: "It's left us in a pretty unusual position. My wife needs a car to get around and can drive only an automatic."A DVSA spokesman said a stop-drive order meant exactly that – "the vehicle must not be driven".Anyone driving a car deemed unsafe could potentially face prosecution and a fine of up to £2, is also the risk that their insurer could deem the cover to be invalid. Hojol Uddin, head of motoring at JMW Solicitors, said it was rare for stop-drive notices to be issued, and it happened mainly when there was an "imminent threat to someone's safety".He said: "To avoid any ambiguity which may be out there for drivers, my advice to them would be stop driving, get that vehicle fixed."You are risking the safety of yourself and other people." Why has the recall been issued? The decision to issue a stop-drive notice follows a fatal incident earlier this month in France, in which a 37-year-old mother driving a Citroen C3 was struck in the head by pieces of flying metal after a minor collision. The airbags use ammonium nitrate gas for instant inflation. But the gas can deteriorate in hot and humid conditions, leading to powerful explosions which throw shrapnel into the driver's face. The airbag causing concern was made by Japanese manufacturer Takata, whose product was installed by many car-makers. Stellantis said: "Customers affected by this stop-drive action will receive additional notifications shortly."Customers can also check if their cars are concerned by this action using the VIN check tool on the Citroen website, contacting their local dealer or calling the customer care hotline." Affected models Vehicles included under the stop-drive order are:Second-generation Citroen C3, manufactured between 2009 and 2016Citroën DS 3 manufactured between 2009 and 2016 DS Automobiles DS 3 manufactured between 2016 and 2019 Citizens Advice Citizens Advice said people should use the vehicle identification number (VIN) checker tool on the Citroen UK website to confirm if their car was affected. It said people can find their VIN on their car's MOT certificate or in their log book (V5C).Drivers can register it to enable the processing of a free repair."Driver safety is the priority. We advise all drivers to please act on this recall immediately," a spokesperson said. Mrs Harris said Evans Halshaw had told her it had "stopped taking calls on it because there were far too many people to deal with".A spokesperson for Evans Halshaw said dealerships had been inundated with calls, and that they were "doing the best they could" to book people Harris said: "I've just paid my insurance for the year [and] I've paid my tax for the year for it to go home and stay in the car park and not be driven for six months." Listen to highlights from Hull and East Yorkshire on BBC Sounds, watch the latest episode of Look North or tell us about a story you think we should be covering here.
Business Insider
4 hours ago
- Automotive
- Business Insider
This Is How Stellantis (STLA) Plans to Revive Its Ram Brand
Ram, the truck brand owned by automaker Stellantis (STLA), is working to make a comeback after losing market share over the past several years. Indeed, according to CNBC, Ram CEO Tim Kuniskis promised a bold comeback plan that includes bringing back Hemi V-8 engines with a new 'Symbol of Protest,' re-entering NASCAR with a new race truck, and offering an industry-leading 10-year/100,000-mile powertrain warranty. These moves aim to recover from Ram's 38% sales drop since its peak in 2019. Confident Investing Starts Here: Ram's recent struggles are due to several issues, such as poor timing of model launches and a problematic redesign of the Ram 1500 that caused ongoing production delays. Indeed, this led to the Ram 1500's market share in the full-size truck segment to decline from 17.8% in 2019 to just 8.4% recently. However, Kuniskis, who came back during a leadership shakeup, is now leading a turnaround that's already showing signs of progress. Interestingly, the plan includes more than just product updates. In fact, Kuniskis launched a new marketing push called 'Nothing Stops Ram' and even handed out wristbands with the slogan 'Last Tenth LFG' to motivate his team and rebuild trust with dealers. So far, dealers are responding positively by saying that the brand is on track to regain lost ground. In addition, Ram's electrification plans are being delayed due to weak demand, but a plug-in hybrid truck with up to 690 miles of range is expected to launch soon. Kuniskis believes that this model will be a major asset in the comeback. Is STLA Stock a Good Buy? Turning to Wall Street, analysts have a Hold consensus rating on STLA stock based on four Buys, 10 Holds, and one Sell assigned in the past three months, as indicated by the graphic below. Furthermore, the average STLA price target of $11.59 per share implies 13.7% upside potential.
Yahoo
5 hours ago
- Automotive
- Yahoo
CATL Expands Globally After $5.2 Billion IPO, Targeting Europe With Battery-Swapping Push
Contemporary Amperex Technology Co. Ltd., the world's largest electric vehicle battery maker, is accelerating its global push following a $5.2 billion public listing in Hong Kongthe largest IPO of 2025 so far. CATL commands about 38% of the EV battery market and supplies major global automakers including Tesla (TSLA, Financials), Volkswagen (VWAGY, Financials), BMW (BMWYY, Financials), and Stellantis (STLA, Financials). The company plans to deploy 90% of its IPO proceeds to support expansion, including its 7.6 billion ($8.2 billion) battery plant in Hungary, which is expected to begin production later this year. CATL already operates a facility in Germany and recently announced a new plant in Spain through a joint venture with Stellantis. It's also part of an integrated EV battery project in Indonesia, expected to start production in 2026. As domestic margins face pressure from overcapacity and price warsespecially with rival BYDCATL is shifting more focus to Europe, where the regulatory and market landscape is seen as more favorable. The company is also planning to introduce battery-swapping and recycling technology in the region, a system popular in China but still nascent in Europe. Analysts say CATL's capital strength and partnerships give it a strong chance to establish a foothold in this emerging infrastructure segment. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 hours ago
- Automotive
- Yahoo
CATL Expands Globally After $5.2 Billion IPO, Targeting Europe With Battery-Swapping Push
Contemporary Amperex Technology Co. Ltd., the world's largest electric vehicle battery maker, is accelerating its global push following a $5.2 billion public listing in Hong Kongthe largest IPO of 2025 so far. CATL commands about 38% of the EV battery market and supplies major global automakers including Tesla (TSLA, Financials), Volkswagen (VWAGY, Financials), BMW (BMWYY, Financials), and Stellantis (STLA, Financials). The company plans to deploy 90% of its IPO proceeds to support expansion, including its 7.6 billion ($8.2 billion) battery plant in Hungary, which is expected to begin production later this year. CATL already operates a facility in Germany and recently announced a new plant in Spain through a joint venture with Stellantis. It's also part of an integrated EV battery project in Indonesia, expected to start production in 2026. As domestic margins face pressure from overcapacity and price warsespecially with rival BYDCATL is shifting more focus to Europe, where the regulatory and market landscape is seen as more favorable. The company is also planning to introduce battery-swapping and recycling technology in the region, a system popular in China but still nascent in Europe. Analysts say CATL's capital strength and partnerships give it a strong chance to establish a foothold in this emerging infrastructure segment. This article first appeared on GuruFocus.
Miami Herald
9 hours ago
- Automotive
- Miami Herald
Fire risk recall affects 60,000 vehicles from US car company
President Donald Trump gave the U.S. auto industry the biggest government-sponsored gift it has received since the 2008 auto bailouts. His 25% tariffs on auto imports give Stellantis, Ford, and General Motors (GM) - collectively known as the U.S. Big 3 - a leg up on the competition. U.S. car buyers have flocked to dealerships this year, hoping to beat the tariffs before they take effect and take advantage of the incentives dealers have pushed to move inventory. Related: General Motors makes $4 billion tariff move The tariffs are designed to give domestic producers an advantage over foreign automakers, who must import more of their vehicles. But General Motors and Stellantis import a lot more of their vehicles than one might think. Only 52% of the 2.7 million vehicles GM sold globally last year were "made in the USA." Of the Big 3, GM isn't even ahead of Stellantis (57%), a multinational conglomerate based in Europe, in terms of domestic production. Ford leads the way, with 77% of the cars it sells originating from the States. The other issue American car companies face is that Americans love their foreign cars, which are increasingly made in the U.S. Japan exports about $41 billion of cars to the U.S. annually. Toyota sold over 2.3 million vehicles in the U.S. last year, a 3.7% year-over-year increase. Between April 2024 and March 2025, the company built 1.96 million units in the U.S., according to Statista. So a company like GM has to go above and beyond to win back customers. But its latest recall suggests it still has a lot of work to do. The Chevy Silverado is General Motors' best-selling full-size pickup truck, selling more than 550,000 last year, according to GM Authority. It was the second most popular full-size pickup behind the F-150, which sold nearly 760,000 vehicles last year. However, sales have flattened in recent years, and the latest news will not help the brand regain its previous success. On Thursday, GM announced that it has recalled 62,468 Chevrolet Silverado models in 4500 HD, 5500 HD, and 6500 HD. GM initiated the recall due to a brake pressure sensor assembly that could leak brake fluid into the brake pressure switch, causing a short circuit, which could overheat the circuit and cause a fire. Related: Car buyers should shop these brands for the best tariff deal Most impacted vehicles are 2023 Chevrolet Silverado 5500 HD trucks made between January 20, 2023, and March 19, 2024. General Motors said about 10,097 of them run the risk of malfunctioning, USA Today reported, citing manufacturing records. GM says it will replace the brake pressure switch wire harness for free. It notified dealers of the issue on June 12 and will mail letters to owners by July 28. Until repairs can be completed, GM advises owners to park their Silverados outside and away from buildings. General Motors (GM) said earlier this year that auto tariffs will wipe out between $4 billion and $5 billion in EBITDA this year. But GM CEO Mary Barra still backed the taxes, saying, "For decades now, it has not been a level playing field for us automakers globally, with either tariffs or non-tariff trade barriers. So I think tariffs is one tool that the administration can use to level the playing field." GM says it plans to invest $4 billion to move its Mexico production to three plants in the U.S., including the recently closed Orion Assembly plant in its hometown of Detroit. "We believe the future of transportation will be driven by American innovation and manufacturing expertise," Barra said in a statement. "Today's announcement demonstrates our ongoing commitment to build vehicles in the U.S. and to support American jobs. We're focused on giving customers choice and offering a broad range of vehicles they love." According to The Detroit News, GM will build full-size SUVs and light-duty pickups at the Orion plant, which closed in 2023. Related: Ford takes bold shot at its biggest rivals The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
