Stellantis offering buyouts to pension-eligible U.S. salaried employees

To be eligible, salaried workers must be at least 55 years old and have been with the company for 30 years or at least 58 with 10 years of experience. DETROIT – Automaker Stellantis, formerly Fiat Chrysler, is offering voluntary buyouts to pension-eligible U.S. salaried employees, the company confirmed Monday. To

Rivian aims for more than $50 billion valuation in IPO

The EV maker said it plans to sell 135 million shares for $57 to $62 each, raising as much as $8.4 billion. Rivian Automotive Inc., the electric truck maker backed by Inc. and Ford Motor Co., plans to raise as much as $8.4 billion in an initial public offering

5 smart things dealers can learn from Amazon

With only 14 percent of buyers starting their initial research on dealership websites, retailers are being tasked to develop new ways to engage customers. Before the pandemic, buying trends were starting to change. But by March 2020, consumers were interested in even more hyperconvenient ways to buy products and participate

Dealers assessing potential cost of tougher federal Safeguards Rule

Retailers must toughen up their information security after the FTC updated its Safeguards Rule, which dictates how financial institutions protect data. WASHINGTON — U.S. auto dealerships will be expected to toughen up their information systems security following a series of sweeping amendments to the federal Safeguards Rule, which dictates how

Michigan tries to woo GM for battery factories

The state, where economic development officials are upset over missing out on big investments Ford is making in Kentucky and Tennessee, is “of course” in the running for two planned battery plants, GM President Mark Reuss said.