Three auto retailers ranked on ‘ top 150 dealership groups list completed first- and second-quarter acquisitions, while a regional group bolstered its presence in Ohio in February.
Union President Michael Baumann said he recently negotiated exit packages for represented employees. He said he thinks mismanagement doomed the plant, though he believes the severance agreements were fair.
Gupta was charged with leading the company’s fitful recovery plan in the wake of former Chairman Carlos Ghosn’s arrest and unraveling relations with Renault. While Gupta managed to stabilize profitability, global volume remains far below levels seen in the Ghosn era.
Stellantis Ventures announced Thursday the 10 startups it plans to invest in. They include AI dash cam developer Nauto and off-road trail guide company Trails Offroad as well as other sustainability and technology focused startups. The fund is also investing in one mobility venture fund that it has not named.
The bullish comments from the two automakers underscored an upbeat report by the U.S. Commerce Department that showed U.S. retail sales unexpectedly rose in May.