Stellantis (STLA) recalls 131,700 Dodge Ram trucks

California and others call for recall of Hyundai and Kia vehicles over risk of theft

April 21, 2023 11:38 AM EDT

California Attorney General Rob Bonta, as well as attorneys general of 17 other states on Thursday, call on the National Highway Traffic Safety Administration (NHTSA) to recall Hyundai and Kia vehicles, saying they are more likely to be stolen because they lack safety features that are standard in other cars.

Hyundai and Kia vehicles represent a large share of stolen cars in multiple U.S. cities, according to data from police and state officials. While most cars in recent years have been installed... More

Stellantis (STLA) finalizing eFuel testing on 28 engine families

April 20, 2023 10:14 AM EDT

Stellantis (NYSE: STLA) confirmed Thursday that the automaker is finalizing testing of eFuels on 28 engine families to help accelerate the carbon emissions reduction potential of their internal combustion engines (ICE) in Europe, while remaining committed to selling only BEV passenger cars in the region by the end of the decade.

eFuel is a drop-in replacement synthetic fuel made from captured atmospheric CO2 and renewable energy. The broad adoption of eFuels would offer customers with existing ICE vehicles an easy and... More

Stellantis recalls 131,700 Ram trucks over powertrain software issue - NHTSA

April 19, 2023 8:13 AM EDT

(Reuters) - Stellantis will recall 131,700 Ram 1500 pickup trucks manufactured in 2021 due to a powertrain software issue, the National Highway Traffic Safety Administration's (NHTSA) website showed on Wednesday.

The issue may cause the pickup trucks with 5.7L eTorque engines to stall due to an incorrect fuel mixture condition,... More

Stellantis NV (STLA:IM) (STLA) PT Raised to EUR19 at BofA Securities

April 19, 2023 5:58 AM EDT

BofA Securities analyst Horst Schneider raised the price target on Stellantis NV (STLA:IM) (NYSE: STLA) to EUR19.00 (from EUR17.00) while maintaining a Neutral rating.... More

Stellantis NV (STLA:IM) (STLA) PT Raised to EUR20 at RBC Capital

April 19, 2023 2:31 AM EDT

RBC Capital analyst Tom Narayan raised the price target on Stellantis NV (STLA:IM) (NYSE: STLA) to EUR20.00 (from EUR19.00) while maintaining a Outperform rating.... More

U.S. Supreme Court declines bid by GM to take up dismissed case against Fiat Chrysler

April 17, 2023 2:24 PM EDT

The U.S. Supreme Court on Monday declined to take up a dismissed racketeering case General Motors (NYSE: GM) brought against Fiat Chrysler Automobiles, now known as Stellantis (NYSE: STLA). The denial was included in a daily order list from the court on Monday.

The justices turned away an appeal by General Motors of a lower court's dismissal of its lawsuit that accused Fiat Chrysler of bribing employee union officials in a bid to undermine GM and pressure... More

U.S. treasury announces VW, BMW, Nissan, Rivian and others lose access to tax credits

April 17, 2023 1:52 PM EDT

The U.S. treasury announced Monday that automakers Volkswagen, BMW, Nissan, Rivian (NASDAQ: RIVN), Hyundai and Volvos electric vehicles will lose access to a $7,500 tax credit under the new rules for battery sourcing.

The Treasury also said the new requirements, which go into effective on Tuesday will cut credits for the Tesla Inc (NASDAQ: TSLA) Model 3 Standard Range Rear Wheel Drive by half to $3,750 but that other Tesla models will retain... More

Panasonic considers building EV battery plant in Oklahoma

April 17, 2023 1:27 PM EDT

Tesla (NASDAQ: TSLA) battery supplier, Panasonic said on Sunday that the Japanese company is considering building a battery plant in Oklahoma, its third in the United States.

Panasonic has entered into an agreement with the State of Oklahoma that defines the eligibility... More

GM, Tesla, Ford Models To Qualify For Full $7,500 US Tax Credit - Bloomberg

April 17, 2023 10:02 AM EDT

(Updated - April 17, 2023 10:03 AM EDT)

GM, Tesla, Ford Models To Qualify For Full $7,500 US Tax Credit - Bloomberg

Eight EVs and Two Plug-in Hybrids Qualify for Entire Incentive

... More

Volkswagen to partner with Vale, Ford (F) and Huayou to build EV battery ecosystem in Indonesia

April 17, 2023 8:20 AM EDT

Indonesian investment minister Bahlil Lahadalia announced Sunday that Volkswagen will build an electric vehicle (EV) battery ecosystem in Indonesia and will partner with miner Vale, Ford and China's battery minerals producer Zhejiang Huayou Cobalt.

Minister Lahadalia said on Sunday that Volkswagen, Europe's biggest automaker, will work with Vale, Ford, Huayou, French... More