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Daily 5

Wednesday, January 22, 2025

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Is Stellantis, post-Carlos Tavares, repairing ties with dealers, UAW?

Welcome to the Daily 5 report for Wednesday, Jan. 22.

We don't know what Stellantis Chairman John Elkann and then-CEO Carlos Tavares were talking about when one of our editors by sheer luck snapped a picture of them chatting at a popular suburban Detroit restaurant last summer.

A few months later, Tavares resigned and Elkann began the search for a new CEO to lead the far-flung global automaker and its many brands, led in North America by Jeep, Ram, Chrysler and Dodge.

Based on company statements and announcements since then, it wouldn't be a stretch to conclude Elkann was having some difficult conversations with Tavares about the company's direction under his leadership. As our report today shows, Stellantis is moving to repair relations with its North American dealers.

And with today's news of the company's renewed commitment to reopening its plant in Belvidere, Ill., it's clear the post-Tavares management team wants to mend ties with its U.S. union, which spent most of last summer threatening to strike over the future of that dated assembly plant.

It's still too early to tell whether these are strategic decisions or just interim tactical maneuvers while Stellantis recruits a new CEO. It's also too early to tell whether the automaker plans to thaw out its troubled supply chain relations, marked by litigation and low ratings from supplier executives over the past year.

Meanwhile, the weather in New Orleans continues to disrupt travel and schedules at the 2025 NADA Show. Automotive News updates the plans in this story.

In other news, President Donald Trump's plans for higher tariffs on most of the countries where the U.S. auto industry does business continue to make headlines. If you want to dig deeper, our affiliates in Europe, China and Canada are also providing excellent coverage of the challenges ahead. We're also tackling all the issues surrounding Trump's move to undo former President Joe Biden's EV initiatives, as this story explains.

Finally, our Hans Greimel wrote about Honda Motor Co. embarking on a $100 million employee reeducation program to give workers the basic foundations of the new technologies that undergird development and production of tomorrow's software-packed, artificially intelligent, autonomous-driving electrified vehicles.

Looking ahead, we'll continue to keep you up to date on the NADA Show in New Orleans.

If you want to view this story in your browser, click here .

— Philip Nussel, online editor

Stellantis sees chance at NADA Show to start rebuilding dealer relations

Ram CEO Tim Kuniskis has been pushing for a midsize pickup. Ram parent company Stellantis said Jan. 22 it has restored plans to start building one in 2027.

READ MORE >

Stellantis commits to restarting Belvidere, building new midsize pickup, rehiring 1,500 workers

Stellantis did not provide a timeline for the Belvidere reopening, though a UAW announcement says Belvidere will build a new midsize truck there starting in 2027.

NADA Show organizers are making schedule changes to the annual convention in New Orleans amid a historic snowstorm, which hit the city on Jan. 21.

READ MORE >

Faster appraisals and smarter acquisitions, thanks to your new AI assistant.

When it comes to stocking the best-selling vehicles for your market, leave the manual research and timely calculations in the past. There's a better – and faster – way to bring clarity to your inventory with Avery from AutoVision.

Meet Avery >

Trump revokes EV executive order, but regulations will take time to reverse

While largely symbolic, the Trump administration's initial moves show it remains committed to reversing the EV push of former President Joe Biden.

Short on tech workers, Honda will spend nearly $100 million to retrain tens of thousands of its own employees at home and abroad in software, AI and electrification.

READ MORE >

Have some news to share? Want to offer your opinion? Please send your feedback to Philip Nussel at pnussel@crain.com

Market close

Winners and losers
Here are the top 5 winners and losers among 65 automotive companies followed by Automotive News on U.S. stock exchanges today.

Top 5 winners

	Yesterday's close	Today's close	Percent change
Superior Industries International Inc.	$2.02	$2.12	4.95%
TE Connectivity	$148.30	$155.09	4.58%
Nvidia Corp.	$140.83	$147.07	4.43%
Ally Financial Inc.	$38.18	$39.65	3.85%
Ouster Inc.	$10.55	$10.77	2.09%

Top 5 losers

	Yesterday's close	Today's close	Percent change
Stoneridge	$5.91	$5.48	-7.28%
Chargepoint Holdings	$1.06	$0.99	-6.92%
Lucid	$2.86	$2.67	-6.64%
Workhorse Group Inc.	$0.67	$0.62	-6.61%
EVgo Inc.	$3.31	$3.10	-6.34%

Quotes from 4 p.m. Jan. 22

Automakers
Here are today's stock trading results from 10 vehicle assembly companies trading on U.S. stock exchanges.

Automakers

	Yesterday's close	Today's close	Percent change
Ford Motor Co.	$10.43	$10.03	-3.84%
General Motors	$53.89	$52.76	-2.10%
Honda	$28.70	$28.45	-0.87%
Lucid	$2.86	$2.67	-6.64%
Polestar	$1.10	$1.04	-5.45%
Rivian	$13.29	$12.69	-4.51%
Stellantis	$13.22	$13.11	-0.83%
Tesla	$424.07	$415.11	-2.11%
Toyota Motor	$186.93	$186.52	-0.22%
VinFast Auto Ltd.	$4.08	$4.12	0.98%

Quotes from 4 p.m. Jan. 22

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