Stellantis (STLA) partners with Vulcan Energy for geothermal projects in France
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Stellantis (STLA) and General Motors (GM) hit with $363M in penalties for fuel economy violations
June 2, 2023 11:44 AM EDTAn exclusive story by Reuters on Friday revealed that Stellantis (NYSE: STLA) and General Motors (NYSE: GM) have paid a combined sum of $363 million in civil penalties. These penalties were imposed due to their failure to meet the fuel economy standards set by the United States for previous model years.
According to the National Highway Traffic Safety Administration (NHTSA), which administers the Corporate Average Fuel Economy (CAFE) program, the record-setting penalties include... More
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
Stifel Reiterates Buy Rating on Stellantis NV (STLA:IM) (STLA)
May 31, 2023 4:29 AM EDTStifel analyst Pierre-Yves Quemener reiterated a Buy rating and EUR27.00 price target on Stellantis NV (STLA:IM) (NYSE: STLA).
... MoreDeputy PM Freeland vows Stellantis (STLA) /LG plant will go forward
May 30, 2023 2:00 PM EDTDeputy Prime Minister Chrystia Freeland spoke in the House of Commons Monday, answering questions and providing assurances that the Stellantis (NYSE: STLA) /LG battery plant will move forward in Windsor Ontario.
The answer absolutely is yes, she said under questioning by NDP leader Jagmeet Singh. We will ensure the deal goes forward. We will ensure the jobs will... 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