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OpenAI is considering incorporating advertising into its AI products as part of a strategy to increase revenue. This comes amid significant leadership changes at Intel and Stellantis, and new US export controls aimed at limiting China's semiconductor industry. Additionally, Shanghai's aspirations to become a global financial hub have faced setbacks.
UBS has maintained a "Buy" rating for Stellantis, setting a target price of 16 euros, following the unexpected resignation of CEO Carlos Tavares. Analyst Patrick Hummel emphasized the urgency of appointing a new leader after Tavares had initially planned to leave in 2026.
Carlos Tavares has resigned as CEO of Stellantis, effective December 1, 2024, following a significant decline in revenues and market performance, particularly in the U.S. The company faces challenges in repositioning, electrification strategies, and union relations, while rumors of a potential merger with Renault persist amid ongoing industry consolidation. Stellantis shares fell 6% to a low not seen since July 2022, reflecting investor concerns over its future direction.
In October, Volkswagen Group led European auto sales with a 21.2% share, while Tesla dropped to third behind BMW Group. The Skoda Enyaq dethroned the Tesla Model Y as the top-selling EV, marking a significant shift in the market dynamics as BEVs continue to grow, representing 67% of plugin sales.
UBS has maintained a "Buy" rating for Stellantis, setting a target price of 16 euros. Analyst Patrick Hummel emphasized the urgency for a new leadership following the unexpected resignation of Carlos Tavares, who had initially planned to leave in early 2026.
UBS has maintained a 'Buy' rating for Stellantis, setting a target price of 16 euros following the unexpected resignation of CEO Carlos Tavares. Analyst Patrick Hummel emphasized the urgency of appointing a new leader, as Tavares had initially planned to leave in 2026.
Chinese automakers BYD, Leapmotor, and Xiaomi have exceeded their annual delivery targets ahead of schedule, reflecting strong market demand. BYD delivered over 504,000 vehicles in November, while Leapmotor and Xiaomi surpassed their targets of 250,000 and 100,000 deliveries, respectively. Other brands like Zeekr and Xpeng also reported significant growth, with Zeekr delivering nearly 195,000 cars this year and Xpeng achieving record deliveries of nearly 31,000 in November.
Stellantis CEO Carlos Tavares has resigned after nearly four years as the company faces ongoing challenges with declining sales. The board accepted his resignation, effective immediately, and an interim executive committee led by chairman John Elkann will oversee operations while a search for a new CEO begins. Tavares had previously led PSA Peugeot before the merger with Fiat Chrysler Automobiles in January 2021.
Donald Trump's proposed 25% tariffs on imports from Mexico and Canada threaten major U.S. automakers, with GM, Ford, and Stellantis facing significant profit losses due to their reliance on cross-border supply chains. Analysts warn that tariffs on individual car parts could be even more damaging, potentially raising costs for consumers. Carmakers may need to increase U.S. production or cut costs to mitigate the impact, but the shift could be challenging, especially for European manufacturers with limited spare capacity.
Mexican President Claudia Sheinbaum warned that proposed U.S. tariffs could lead to significant job losses in the U.S. and retaliatory measures from Mexico. Economy Minister Marcelo Ebrard emphasized the need for regional cooperation, stating that tariffs would harm both economies, particularly the automotive sector, which heavily relies on cross-border trade. Analysts view the tariff threats as a negotiating tactic rather than a firm trade policy.
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