Deputy PM Freeland vows Stellantis (STLA) /LG plant will go forward
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Stellantis (STLA) does not need Italy as a shareholder, says Chairman Elkann
June 1, 2023 1:31 PM EDTOn Thursday, John Elkann, the Chairman of Stellantis (NYSE: STLA), responded to business lobbyists' calls for Italy to invest directly in the company. Elkann made it clear that Stellantis is doing well and doesn't need the Italian government to become a shareholder.
"I... More
Stellantis (STLA) will invest $176M in Rennes Plant for electric SUV launch
June 1, 2023 11:19 AM EDTChrysler, Dodge parent company, Stellantis (NYSE: STLA) revealed on Thursday that the Franco-Italian-American car manufacturer will invest 160 million euros ($176.13 million) at its Rennes plant to launch a 100% electric compact Sports Utility Vehicle (SUV) in 2025.
The automaker said in a... More
Stellantis (STLA) partners with Vulcan Energy for geothermal projects in France
May 31, 2023 8:20 AM EDTOn Wednesday, Stellantis (NYSE: STLAM) and Vulcan Energy Resources, a lithium supplier listed in Australia, announced a new partnership with the objective to help the decarbonization of Stellantis' operations in Europe.
In a joint statement, the two companies announced that the binding agreement covers the first phase of a project to develop new geothermal sources contributing to the energy... More
Stellantis (STLA) teams with Mercedes and TotalEnergies to open France's first EV battery plant
May 30, 2023 9:53 AM EDTAutomotive Cells Company (ACC), a partnership between French energy giant TotalEnergies, Germany's Mercedes-Benz and US-European automaker Stellantis (NYSE: STLA), held an opening ceremony Tuesday to welcome the first electric vehicle battery plant in France.
The plant in Billy-Berclau is the first in a series of factories set to open over the next three years in a strategically located northern corridor billed as a "Battery... More
RBC Capital Reiterates Outperform Rating on Stellantis NV (STLA:IM) (STLA)
May 30, 2023 2:10 AM EDTRBC Capital analyst Tom Narayan reiterated an Outperform rating and EUR20.00 price target on Stellantis NV (STLA:IM) (NYSE: STLA).
... More