Stellantis agrees sale of Brampton plant in Canada to Roshel

Maextro, a luxury EV brand backed by Huawei and JAC Group, is reportedly nearing a deal with Maserati for mass production of a model by late 2027. Cars sold outside China would carry the Maserati badge, while those in China would be sold under Maextro. No financial terms or binding agreements have been finalized, according to the companies involved.

Stellantis sold its Brampton, Ontario plant to Roshel, a Canadian defense firm. The plant previously produced Dodge vehicles. Unifor, the union, criticizes the sale, citing job losses and policy failures. Roshel manufactures armored vehicles, but demand is uncertain.

Stellantis sold its idle Brampton plant to Canadian defence manufacturer Roshel, aiming to explore defence industry opportunities. The sale was criticized by union officials. No price was disclosed. The plant has been idle since December 2023. Roshel is bidding on a $4.9B Canadian Armed Forces contract.

General Motors, Ford, Toyota, Volkswagen, Hyundai, and Stellantis support the Trump administration in a legal dispute over fuel economy regulations, citing the need for stability in planning investments. The case, brought by states like California, could determine whether they can set their own standards. The automakers argue that frequent changes in regulations disrupt long-term planning and increase costs.

Stellantis reports 'significant production disruptions' for Fiat models in Italy due to a chip shortage, affecting the Fiat Panda and 500. The issue may last until December, impacting Pomigliano d'Arco and Mirafiori factories, according to the company.

Stellantis (STLA) appointed Pablo Di Si as chief operating officer of North America and American Brands, effective immediately. He will report to CEO Antonio Filosa, who previously led the region. Di Si has experience in operations and product development.