$STLA

The Alliance for Automotive Innovation, representing GM, Ford, Toyota, and others, urged Congress to permanently ban Chinese vehicles, software, and hardware from the U.S. market. CEO John Bozzella cited global subsidies and exports, calling for swift action. The Senate approved a ban in July, but final passage is uncertain due to debates on foreign ownership and security concerns.

Stellantis is recalling 844,027 vehicles due to a rear camera issue, affecting models like Jeep Wrangler and Ram 1500. Ford is recalling 148,000 Mustangs over wiring harness problems. Mitsubishi is recalling 67,100 Outlander SUVs for a rearview camera issue. All recalls aim to prevent crash risks, with free fixes offered.

The Alliance for Automotive Innovation, representing major automakers like GM, Ford, and Toyota, urged Congress to pass a law banning Chinese vehicles from the U.S. market by year-end. The group cited concerns about subsidized Chinese vehicles entering the market. GM is also evaluated by ProPicks AI using financial metrics.

Jaguar Land Rover (JLR) will build its Defender SUV in Stellantis's idle Belvidere plant, addressing JLR's tariff issues. Stellantis gains revenue without capital investment. Both companies face challenges, including Stellantis's stock struggles and JLR's need for local content to avoid tariffs. The deal highlights mutual dependencies and potential quality variations between assembly locations.

BYD, Roshel, and Dominion Dynamics have inquired about Stellantis' idled Brampton plant, according to Mayor Patrick Brown. BYD discussed bus production, while Roshel and Dominion Dynamics considered armored vehicles and drones. Stellantis is exploring EV production options with Leapmotor International, a joint venture.

Amazon faces an FTC lawsuit over ad revenue. Tesla reports mixed European car registrations. Apple's Tim Cook to step down as CEO. Eli Lilly reports positive drug trial results. Multiple companies, including Exxon, RTX, and Medtronic, announce strategic moves and financial updates. Various European and global firms report earnings, trials, and operational changes.

Stellantis announced Xavier Chardon, current head of Citroen, will also lead DS Automobiles, consolidating management. Xavier Peugeot moves to head Jeep in Europe. The changes align with Stellantis' five-year plan to boost growth and profit, focusing investments on Fiat, Peugeot, Jeep, and Ram.

Stellantis named Stephanie Hartgrove as chief communications officer, bringing international experience from Johnson & Johnson and other firms. The company also promoted Clara Ingen-Housz to head of public policy & regulatory strategy. FINN Partners appointed Kim Sizemore as head of integrated media, leveraging her extensive media strategy experience.

BYD Co. is considering taking over an idle Stellantis NV plant in Brampton, Ontario, to manufacture buses, according to local mayor Patrick Brown. Stellantis halted production at the plant last year due to U.S. tariffs on foreign autos. The plant's future is uncertain, with Stellantis exploring options for EV production in Canada. U.S. tariffs on Canadian-made vehicles range from 8% to 50%, impacting the plant's viability. Canadian Prime Minister Mark Carney recently lowered tariffs on Chinese E

Unifor will begin contract talks with Stellantis on Tuesday. The union recently ratified new agreements with GM and Ford, with GM members voting 80.5% to 96.5% in favor. The deals include wage increases to $50.20/hour for production workers and $62.71/hour for skilled trades, with 3% annual raises.