Topic: Fiat Chrysler

The chief executive officer of car-maker giant Stellantis has abruptly resigned, the company said Sunday, as it has suffered a precipitous drop in share value this year.

The White House announced on Thursday that it will give $1.7 billion to carmakers to speed up their pace to put more electric vehicles on the road,

The National Highway Traffic Safety Administration ended an 8-year-long investigation into Chrysler and now has said it will not issue a recall into select Ram and Dodge Durango pickup trucks.

The Department of Justice said Friday Cummins Inc. has reached an agreement in principle with the United States and California to pay a $1.675 billion penalty to settle Clean Air Act violation claims.

Stellantis, the parent company of Chrysler and Jeep, said on Monday it will build a second electric vehicle battery manufacturing plant in the United States with plans for it to be online by 2027.

Fiat Chrysler Automobiles executive Emanuele Palma, pleaded guilty Thursday in a felony conspiracy to violate the Clean Air Act. Palma and others used emissions on Jeeps and Ram trucks.

Stellantis announced a $2.5 billion joint venture with Samsung SDI to build the automaker's first electric vehicle battery plant in the United States. The plant in Kokomo, Ind., will create 1,400 new jobs.

Maserati, the first Italian luxury car brand to produce full-electric models, announced Thursday plans to offer an all-electric lineup by 2025, starting with the GranTurismo next year.

Stellantis said on Wednesday that it's giving significant revenue-sharing checks to workers after earning more than $15 billion in net profit for 2021 -- the automaker's first full year after a merger.

Stellantis, the world's fourth-largest automaker, is teaming up with South Korean battery makers to strengthen its footing in the electric vehicle market.