After a nearly 6-month search, Stellantis names former Jeep boss as its new CEO

Stellantis, the fourth-largest global automaker, announced a fresh CEO on Wednesday: company insider Antonio Filosa. Shares were mostly flat on the news.

The move comes nearly six months after the Stellantis board essentially ousted former chief Carlos Tavares amid abysmal US performance. The Jeep and Chrysler maker’s profit plummeted 70% last year and its US sales fell 15%.

Last year wasn’t an outlier, though; Stellantis’ US sales have fallen every year since 2018. At this year’s Detroit Auto Show, Filosa told reporters that US market share was the company’s top priority.

Filosa, who became the head of Jeep in 2023, will officially take the helm June 23, right around when most of the industry plans to end their tariff discounts and start hiking vehicle prices in earnest.

More Business

Uniqlo’s shiny international stores are pumping its sales as it targets Inditex’s crown

Even Uniqlo’s Japan business now sees 10% of its revenue coming from foreign tourists.

Paramount vs. Netflix:

1/8/26

IS THIS THE FINALE?

Nate Becker

Max Knoblauch1/8/26

Ford to bring eyes-off driving to its new EV platform by 2028

Ford is wading into the autonomous race against rivals like Tesla and GM.

On Wednesday evening, the Detroit automaker said it plans to introduce “Level 3” eyes-off systems to vehicles being built on its new production platform in Louisville by 2028. The first vehicle planned for the platform is a $30,000 midsize EV truck, planned for 2027.

In an interview with Reuters, Ford Chief EV and Design Officer Doug Field said the tech would not come at the $30,000 price point and would cost extra. Field said the company is still weighing just how much extra, and whether the system should be sold via a subscription model.

According to Ford, the eyes-off and hands-off tech will utilize lidar. Ford shares ticked up slightly in premarket trading on Thursday.

In August, Reuters reported that Ford rival Stellantis had shelved its Level 3 program due to high costs.

Millie Giles

GALAXY-BRAINED

1/7/26

Lego taps “Star Wars” for the launch of its new high-tech Smart Brick

The toy giant is betting that even if people don’t immediately want a computerized plastic block, they’ll still want “Star Wars” Legos that go “pew pew.”

Max Knoblauch

1/7/26

Warner Bros. board spurns Paramount’s latest advance, continuing to support Netflix deal

Paramount has now made six formal offers for Warner Bros. Discovery.

Latest Stories

Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, or Robinhood Money, LLC.