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.

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GM has reportedly rehired more than 100 former Cruise employees, 18 months after shuttering the robotaxi unit

GM has rehired more than 100 employees it let go early last year when it shuttered Cruise, its former robotaxi business, according to reporting by The Information.

The hiring spree, which also includes employees from Nvidia and Uber, is geared toward ramping up GM’s plans for personal-use self-driving vehicles and not robotaxis. The former had been the focus of Cruise, prior to GM shuttering it in 2024.

Reporting last fall revealed that GM was attempting to rehire some former Cruise employees, but the scope of that effort wasn’t clear. More than 1,000 employees were laid off when the automaker scrapped Cruise, which it invested $10 billion into.

Google’s Waymo, Cruise’s former chief rival, is now worth $126 billion after a $16 billion funding round earlier this year. The company says it’s serving 500,000 paid robotaxi rides per week in the US.

Exclusive: With Some 100 Rehired Cruise Employees, GM Pursues Eyes-Off Autonomous Cars

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Recent US sales data reveals a “sedanaissance” among major automakers like Honda, Hyundai, and Toyota.

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McDonald’s has a new strategy: Make its stores “easier to run”

Franchised and affiliated locations already make up over 95% of McDonald’s store count and 62% of its sales.

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