Albertina Torsoli

European carmakers welcomed a plan to cap imports of Chinese hybrid vehicles that eases an immediate threat to the bloc’s troubled auto industry.

Stellantis NV Chief Executive Officer Antonio Filosa rejected the notion of separating the group’s European and US brands, saying the company’s strategy is based on all 14 of them “playing their unique role.”

European carmakers welcomed a plan to cap imports of Chinese hybrid vehicles that eases an immediate threat to the bloc's troubled auto industry.

Stellantis NV shipments in North America dropped by 12% in the third quarter due to planned seasonal factory stoppages, offsetting relatively strong growth in Europe and dragging overall delivery volume down by 1%.

Production downtime affected Jeep models including the Grand Cherokee and Compass in the July-September period, though it was partially compensated for by a stronger Ram performance, the group said Oct. 13.

CEO Oliver Blume has a narrow window to crack the US market.

Europe’s auto industry welcomed a deal between France and Germany that provides relief for manufacturers grappling with high costs and intense Chinese competition.

Stellantis NV Chief Engineering and Technology Officer Ned Curic plans to continue hiring more engineers as the automaker rolls out dozens of new models as part of its turnaround plan.

Stellantis showcased more than 60 vehicles from eight brands, including nine concept cars, at the show, indicating a heavy workload for the group's engineering and design teams. The display comes after CEO Antonio Filosa unveiled a major investment push in May to help improve profitability.

Stellantis NV gets an opportunity to calm its slumping stock and bonds this week when the Jeep and Peugeot maker reports earnings against a backdrop of unease over plans for a turnaround.