Stellantis NV is seeking to retool its iconic Turin factory into an electric-vehicle hub, moving production of two Maserati luxury models to the Mirafiori plant as part of a decision that will safeguard jobs in the EV shift.

MILAN — PSA Peugeot’s takeover of Fiat Chrysler to form the world’s fourth-largest carmaker has had its first executive casualty, with former Fiat Chrysler CEO Mike Manley stepping down from his role as head of the Americas.

DETROIT — Stellantis is recalling more than 266,000 pickup trucks mainly in North America because the side air bags can explode without warning and hurl shrapnel into the cabin.

Stellantis NV raised its full-year profitability outlook substantially as strong demand and pricing carried the carmaker to much better-than-expected results for the first half.

Stellantis CEO Carlos Tavares said that by 2025, 98% of its models in Europe and North America will have fully electric or plug-in gas-electric hybrid versions.

Stellantis NV is leaning toward building its third European battery plant in Italy after Chairman John Elkann met with government officials in Rome earlier this week, according to people familiar with the discussion.

DETROIT — Fiat Chrysler said May 28 that it is recalling more than a half-million heavy-duty Ram trucks to fix a problem that can cause the wheels to fall off.

Italy’s government is in talks with Stellantis NV, the carmaker formed by the merger of Fiat Chrysler and PSA Group, about investing in electric-vehicle battery manufacturing in the country, according to people familiar with the matter.