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Stellantis NV is cutting about 400 white-collar jobs in the U.S. as the maker of Jeep and Ram vehicles works to shift its product lineup toward electric cars.

Stellantis NV has agreed to strict rules to boost electric cars set by California and adopted by several other U.S. states that the carmaker has previously blasted.

Offering small cars is the wrong approach to win over truck-loving Americans skeptical of electric vehicles, according to Carlos Tavares, CEO of Jeep-owner Stellantis NV.

Stellantis NV is focused on executing its business plans in key markets including Italy and isn’t considering a plan to merge with other manufacturers, Chairman John Elkann said.

Stellantis NV CEO Carlos Tavares said elections in the U.S. and Europe this year will dictate how quickly he can execute his 30 billion euro investment plan in electric vehicles.

Goodyear Tire & Rubber Co. named Stellantis NV executive Mark Stewart as CEO following a pressure campaign by shareholder activist Elliott Investment Management.

Stellantis NV reported a 1% U.S. sales decline in 2023, the company said Jan. 3. The automaker sold 1.527 million new vehicles last year, down from about 1.547 million sold in 2023.

Stellantis NV, owner of the Jeep and Ram brands, is petitioning against emissions standards adopted by California and 13 other states that it says give competitors unfair advantages.

The United Auto Workers union overwhelmingly ratified new contracts with Ford and Stellantis that will raise pay across the industry and help reshape the auto business.

BELVIDERE, Ill. — President Joe Biden put on a red United Auto Workers shirt on Nov. 9 as he celebrated a labor deal that will prevent Belvidere’s Stellantis plant from closing.