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Stellantis names insider Antonio Filosa as its next CEO. Here are the 4 biggest problems facing the Jeep, Dodge, and Ram maker.
Stellantis names insider Antonio Filosa as its next CEO. Here are the 4 biggest problems facing the Jeep, Dodge, and Ram maker.

Yahoo

time14 hours ago

  • Automotive
  • Yahoo

Stellantis names insider Antonio Filosa as its next CEO. Here are the 4 biggest problems facing the Jeep, Dodge, and Ram maker.

After nearly a six-month search, Big Three automaker Stellantis (STLA) finally has its new CEO. The brand behind Dodge, Ram, Jeep, and Fiat said its board "unanimously" selected Antonio Filosa, a 25-year veteran of the company and current Americas COO, as its new chief executive. His tenure begins on June 23, and interim CEO John Elkann (scion of the Agnelli family that has a majority stake in Stellantis) will remain executive chair. Stellantis stock was little changed in early trading in New York, as Filosa was already reportedly on the shortlist of CEO candidates. While it seems odd that Stellantis needed six months to name an internal candidate as its CEO, Filosa may be the best insider on the company's executive roster and perhaps the best fit to continue the company's turnaround. "I have worked closely with Antonio over the past six months during which time his responsibilities have increased, and his strong and effective leadership spanning both North and South America at a moment of unprecedented challenge have confirmed the excellent qualities he brings to the role," Elkann said in a statement. Filosa no doubt has his work cut out for him. Yahoo Finance spoke to Filosa nearly a year ago when Jeep, which he headed at the time, launched the new Wagoneer EV SUV. Jeep was mired with bloated inventory when then-CEO Carlos Tavares believed higher prices would boost Jeep's profile and profitability. The opposite occurred: Buyers shunned relatively overpriced Gladiator pickups and Grand Cherokee SUVs. In a turnaround move, Jeep slashed prices to move inventory and lowered prices for new vehicles for the 2025 model year. HSBC analyst Michael Tyndall believes Filosa is a solid pick for the CEO role. "On paper his CV looks a good fit for the role," Tyndall wrote in a note to clients, noting he's an "auto guy having worked exclusively in the industry for over 25 years, an Italian native so he understands Europe [where Stellantis is based], spent a good deal of time in South America [Stellantis' third-largest profit source], and lives in Detroit, arguably where the heavy lifting needs to be done." Indeed, there is heavy lifting in North America. In addition to bringing down inventory and introducing new products in the US that resonate with customers, Filosa needs to address long-simmering issues with the United Auto Workers (UAW). Chief among UAW workers is the unclear status of plants like the Jeep assembly facility in Belvidere, Ill. After much back and forth, Stellantis said production would return there in 2027, but that remains uncertain. Upcoming products, like the new Ramcharger pickups with an innovative range-extender powertrain and the all-electric Ram pickup, keep getting delayed. And missteps like the all-electric Charger Daytona muscle car have been languishing at dealerships, with the company having to go back to the drawing board and state that gas-powered versions are on the way. Then there are President Trump's tariffs. Stellantis makes several vehicles in Canada, Mexico, and Europe, where 25% sector tariffs apply to all imports, in addition to auto parts tariffs. Last month, Stellantis idled production at plants in Canada and Mexico as a result of tariffs. In late April, even before tariffs went into effect, Stellantis reported first quarter revenue dipped 14% compared to a year ago to 35.8 billion euros ($40.7 billion), with global shipments dropping 1,217 million units, a 9% slide. Most importantly, Stellantis said it would suspend 2025 financial guidance due to "tariff-related uncertainties including policy, market impacts, and the company's evolving response." Pras Subramanian is a reporter for Yahoo Finance. You can follow him on X and on Instagram. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Stellantis names new CEO: Here are the challenges ahead to fix brands like Ram, Dodge, and Jeep
Stellantis names new CEO: Here are the challenges ahead to fix brands like Ram, Dodge, and Jeep

Yahoo

time14 hours ago

  • Automotive
  • Yahoo

Stellantis names new CEO: Here are the challenges ahead to fix brands like Ram, Dodge, and Jeep

After nearly a 6-month long search, Big Three automaker Stellantis (STLA) finally has its new CEO. The brand behind Dodge, Ram, Jeep, and Fiat said its board 'unanimously' selected Antonio Filosa, a 25-year veteran of the company and current Americas COO, as its new chief executive. His tenure begins on June 23, and interim CEO John Elkann (scion of the Agnelli family that has majority stake in Stellantis) will remain executive chairperson. Stellantis stock was little changed in early trading in New York, as Filosa was already reportedly on the short-list of CEO candidates. While it seems odd that Stellantis needed six months to name an internal candidate as its CEO, Filosa may be the best insider on the company's executive roster, and perhaps the best fit to continue the company's turnaround. 'I have worked closely with Antonio over the past six months during which time his responsibilities have increased, and his strong and effective leadership spanning both North and South America at a moment of unprecedented challenge have confirmed the excellent qualities he brings to the role,' Elkann said in a statement. Filosa no doubt has his work cut out for him. Yahoo Finance spoke to Filosa nearly a year ago when Jeep, which he headed at the time, launched the new Wagoneer EV SUV. Jeep at the time was mired with bloated inventory, when then-CEO Carlos Tavares believed higher prices would boost Jeep's profile and profitability. The opposite occurred, as buyers shunned relatively overpriced Gladiator pickups and Grand Cherokee SUVs. In a turnaround move, Jeep slashed prices to move inventory, and lowered prices for new vehicles for the 2025 model year. HSBC analyst Michael Tyndall believes Filosa is a solid pick for the CEO role. 'On paper his CV looks a good fit for the role,' Tyndall wrote in a note to clients, noting he's an 'auto guy' having worked exclusively in the industry for over 25 years, an Italian native so he understands Europe (where Stellantis is based), spent a good deal of time in South America (Stellantis' third largest profit source), and lives in Detroit, arguably 'where the heavy lifting needs to be done.' Indeed, there is heavy lifting in North America. In addition to bringing down inventory and introducing new products in the US that resonate with customers, Filosa needs to address long-simmering issues with the United Auto Workers (UAW). Chief among UAW workers is the unclear status of plants like the Jeep assembly facility in Belvidere, Ill. After much back and forth, Stellantis said production would return there in 2027, but that remains uncertain. Upcoming products like the new Ramcharger pickups with innovative range-extender powertrain, and the all electric Ram pickup keep getting delayed. And missteps like the all-electric Charger Daytona muscle car have been languishing at dealerships, with the company having to go back to the drawing board and state that gas-powered versions are on the way. Then there are President Trump's tariffs. Stellantis makes a number of vehicles in Canada, Mexico, and Europe, where 25% sector tariffs apply to all imports, in addition to auto parts tariffs. Last month Stellantis idled production at plants in Canada and Mexico as a result of tariffs. In late April, even before tariffs went into effect, Stellantis reported first quarter revenue dipped 14% compared to a year ago to 35.8 billion euros ($40.7 billion), with global shipments dropping 1,217 million units, a 9% slide. Most importantly, Stellantis said it would suspend 2025 financial guidance due to "tariff-related uncertainties including policy, market impacts, and the company's evolving response." Pras Subramanian is a reporter for Yahoo Finance. You can follow him on X and on Instagram. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Perfect European Island Getaway For LGBTQ+ Travel
Perfect European Island Getaway For LGBTQ+ Travel

Buzz Feed

time15 hours ago

  • Buzz Feed

Perfect European Island Getaway For LGBTQ+ Travel

30 years ago, people would have spoken about 2025 being a progressive haven where they could be themselves and love themselves without any fear of prejudice or repercussions. Unfortunately, every day, it seems we take big steps back. So what does that mean for travel? According to the LGBTQ+ edition of the Expedia Summer Travel Outlook, LGBTQ+ travellers take at least 3 trips annually, and that must be true because I travel A LOT! I make it a goal to be out of the country every six weeks if possible. However, I often find myself returning to the same locations because, although I love to explore, I also want to feel safe. Traveling to a new location can already be stressful without having to worry about being shunned or, worse, attacked for my skin tone or queer identity. One place I've visited repeatedly that always makes me feel at home is Malta. Popularly known for its amazing filming locations – Gladiator, Game of Thrones, etc. – and historic landmarks like the Ġgantija Temples, Malta has quickly become one of my favourite places to travel in Europe. Yes, it has an incredible food scene, but also for how accepting the country is of LGBTQ+ travellers. So here are my recommendations for you and your chosen family if you want to visit the great island: According to the ILGA-Europe Rainbow Map 2024, Malta has been named the most LGBTQ+ inclusive country in Europe for nine consecutive years. Location is everything. Malta is a small island that might deceptively lead you to believe you can stay anywhere, but you would be wrong. The best places to stay as a tourist are St. Julian's, Valletta, or Sliema. Everything is just a bus ride away in these locations, or a simple hop on a ferry to the surrounding smaller islands. Hotels I would recommend for LGBTQ+ travellers in these locations are The Hilton and The Westin Dragonara, as their staff are trained in how to treat and respect individuals from all walks of life. Make time for a beach day. Malta is full of gorgeous rock pools that might make you think there are no real beaches around, but don't be fooled. Away from the main locations, there are beautiful beaches that will take your breath away. Golden Bay Beach is perfect for LGBTQ+ travellers, and it's not too far from the historic landmark Għajn Tuffieħa Tower if you want to add a touch of culture to your beach day. Book things in advance. Just because it's a small island does not mean the queues are small too; always book in advance. Malta has incredible artworks, such as St. John's Co-Cathedral in Valletta, home to an iconic Caravaggio painting. Structures like these attract a lot of people, leading to long queues. However, if you book your tickets online, you can skip right to the front, which will help you avoid the intense Maltese heat. Explore the surrounding islands. There's so much to do in Malta that you might think you can skip the ferry to places like Gozo... don't. Gozo is home to one of the most historic landmarks in the world, the Ġgantija Temples. The Ġgantija Temples are even older than the Pyramids in Egypt. Dating back to 3600 BC, this UNESCO-listed structure must be seen to be believed. And of According to the 2025 LGBTQ+ edition of the Summer Travel Outlook, LGBTQ+ travellers put good eats over everything else, and Malta will not disappoint those needs. The Maltese kitchen feels like home. Due to its location and history, Malta has a great blend of Italian, Arabic, British, and North African cuisine – basically, all the countries that know how to make a hearty home-cooked meal that will make you miss your grandma. Here are my favourite restaurants that are great for LGBTQ+ travellers: Osteria Donna Carmela: incredible Italian kitchen with some of the best views in all of St Julians, so make sure you ask for a table outside!Toro Toro: guided by the legendary chef Richard Sandoval, Toro Toro brings the vibrancy of South American cuisine to a little island in the Buoys: Two Buoys is an LGBTQ+ owned restaurant in the heart of St Julians that brings a little taste of Down Under to Malta, perfect for any time of the Mondion: You always have a night to treat yourself on holiday, so why not do it with a Michelin star restaurant De Mondion, based in the extremely beautiful Mdina. Add Malta to your European travel list today – you won't be disappointed.

Blankety Blank cast: who is on the BBC show this week?
Blankety Blank cast: who is on the BBC show this week?

Scotsman

time3 days ago

  • Entertainment
  • Scotsman

Blankety Blank cast: who is on the BBC show this week?

Blankety Blank will be back with a brand new episode this evening 👀 Sign up to our daily newsletter Sign up Thank you for signing up! Did you know with a Digital Subscription to Edinburgh News, you can get unlimited access to the website including our premium content, as well as benefiting from fewer ads, loyalty rewards and much more. Learn More Sorry, there seem to be some issues. Please try again later. Submitting... Bradley Walsh will welcome a new panel of celebrities this week. The BBC revived the show in 2020 and it is now in its fourth season. But who are the panellists for this week? Blankety Blank will be back with a brand new episode tonight and there are plenty of famous faces set to appear. The revived show continues to go from strength to strength on the BBC. Originally dating back to the late 1970s, it made a return to TV in 2020 and is now in its fourth season. It has the same host each week - but new guests for each episode. Advertisement Hide Ad Advertisement Hide Ad But who are the celebrities who will appear on Blankety Blank this week? Here's all you need to know: Who is the host of Blankety Blank? Bradley Walsh | BBC Bradley Walsh is on hosting duties for the show since its revival back with the Christmas Special in 2020. He has been the host for all four of the seasons - including the current one. He recently presented the latest season of Gladiator - alongside his son Barney. Advertisement Hide Ad Advertisement Hide Ad What time is Blankety Blank on TV today? The comedy quiz show is set to follow Doctor Who this weekend. It will start at 7.35pm today (May 24) and it will run for 35 minutes. Blankety Blank is due to finish at around 8.10pm and will be followed by Casualty. If you can't watch it live, the show will also be available on iPlayer after it has finished and can be viewed on demand. Who are the celebrity guests on Blankety Blank this week? Bradley Walsh is joined by a fresh batch of famous faces for the latest episode of the show. It will include the following panellists: Brian Conley Kate Garraway Jonathan Ross Ruth Madeley Kiri Pritchard-McLean Phil Wang For those with long memories they may remember Brian Conley best from his titular TV show in the 1990s and early 2000s. The Brian Conley Show ran from 1992 to 1995 and again from 2000 to 2002. Advertisement Hide Ad Advertisement Hide Ad More recently he played Tom 'Rocky' Cotton on BBC's long-running soap EastEnders. He was in the role from 2021 to 2023. Kate Garraway is best known for her TV presenting roles - including Good Morning Britain. She is also the host of Mid Mornings with Kate Garraway on Smooth Radio. Jonathan Ross will be an extremely familiar face to television watchers - including his self-title show. He is set to appear in Celebrity Traitors on the BBC later this year. Ruth Madeley has had a recurring role on Doctor Who since 2023 as UNIT's Shirley Anne Bingham. She also appeared in Years and Years and The Rook. Advertisement Hide Ad Advertisement Hide Ad Kiri Pritchard-McLean is a stand-up comedian, who you may have heard on BBC Radio Wales. Phil Wang is also a comedian who has been on shows like Taskmaster, 8 out of 10 Cats and more. Have you got a story you want to share with our readers? You can now send it to us online via YourWorld at . It's free to use and, once checked, your story will appear on our website and, space allowing, in our newspapers.

Blankety Blank cast: who is on the BBC show this week?
Blankety Blank cast: who is on the BBC show this week?

Scotsman

time5 days ago

  • Entertainment
  • Scotsman

Blankety Blank cast: who is on the BBC show this week?

Blankety Blank will be back with a brand new episode this evening 👀 Sign up to our Arts and Culture newsletter Sign up Thank you for signing up! Did you know with a Digital Subscription to The Scotsman, you can get unlimited access to the website including our premium content, as well as benefiting from fewer ads, loyalty rewards and much more. Learn More Sorry, there seem to be some issues. Please try again later. Submitting... Bradley Walsh will welcome a new panel of celebrities this week. The BBC revived the show in 2020 and it is now in its fourth season. But who are the panellists for this week? Blankety Blank will be back with a brand new episode tonight and there are plenty of famous faces set to appear. The revived show continues to go from strength to strength on the BBC. Originally dating back to the late 1970s, it made a return to TV in 2020 and is now in its fourth season. It has the same host each week - but new guests for each episode. Advertisement Hide Ad Advertisement Hide Ad But who are the celebrities who will appear on Blankety Blank this week? Here's all you need to know: Who is the host of Blankety Blank? Bradley Walsh | BBC Bradley Walsh is on hosting duties for the show since its revival back with the Christmas Special in 2020. He has been the host for all four of the seasons - including the current one. He recently presented the latest season of Gladiator - alongside his son Barney. Advertisement Hide Ad Advertisement Hide Ad What time is Blankety Blank on TV today? The comedy quiz show is set to follow Doctor Who this weekend. It will start at 7.35pm today (May 24) and it will run for 35 minutes. Blankety Blank is due to finish at around 8.10pm and will be followed by Casualty. If you can't watch it live, the show will also be available on iPlayer after it has finished and can be viewed on demand. Who are the celebrity guests on Blankety Blank this week? Bradley Walsh is joined by a fresh batch of famous faces for the latest episode of the show. It will include the following panellists: Brian Conley Kate Garraway Jonathan Ross Ruth Madeley Kiri Pritchard-McLean Phil Wang For those with long memories they may remember Brian Conley best from his titular TV show in the 1990s and early 2000s. The Brian Conley Show ran from 1992 to 1995 and again from 2000 to 2002. Advertisement Hide Ad Advertisement Hide Ad More recently he played Tom 'Rocky' Cotton on BBC's long-running soap EastEnders. He was in the role from 2021 to 2023. Kate Garraway is best known for her TV presenting roles - including Good Morning Britain. She is also the host of Mid Mornings with Kate Garraway on Smooth Radio. Jonathan Ross will be an extremely familiar face to television watchers - including his self-title show. He is set to appear in Celebrity Traitors on the BBC later this year. Ruth Madeley has had a recurring role on Doctor Who since 2023 as UNIT's Shirley Anne Bingham. She also appeared in Years and Years and The Rook. Advertisement Hide Ad Advertisement Hide Ad Kiri Pritchard-McLean is a stand-up comedian, who you may have heard on BBC Radio Wales. Phil Wang is also a comedian who has been on shows like Taskmaster, 8 out of 10 Cats and more.

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