Stellantis appoints Francesco Ciancia as global head of manufacturing, poached from Mercedes-Benz. Struggles with manufacturing quality in Europe, with engine issues driving EUR 400 million in costs. Production delays in Serbia causing gaps in product launch. Mercedes-Benz’s vans business sees margin improvement. No change in fair value estimate of EUR 14 per share, but appointment seen as positive step to address core issues.

Read more at Morningstar: Appoints Global Head of Manufacturing, a Step Toward Improved Execution