Stellantis (STLA) does not need Italy as a shareholder, says Chairman Elkann

No need for Italy to directly invest in Stellantis (STLA), says Minister Giorgetti

Italys Economy Minister, Giancarlo Giorgetti told reporters Monday that the Italian government has no need to directly invest in automaker Stellantis (NYSE: STLA), mirroring a statement made last week by the companys chairman John Elkann.

When reporters asked whether Rome... More

Stellantis (STLA) and Galloo look to form joint venture for ELV recycling

Multinational automaker Stellantis (NYSE: STLA), alongside leading metals recycler Galloo revealed Monday, that the two companies have signed a Memorandum of Understanding to enter into exclusive negotiations to form a joint venture with a focus on End-of-Life Vehicle (ELV) recycling as part of the automakers continued commitment to build its circular economy activities.

The collaboration will work with selected Authorized Treatment Facilities to collect the... More

Stellantis (STLA) and General Motors (GM) hit with $363M in penalties for fuel economy violations

An 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) will invest $176M in Rennes Plant for electric SUV launch

Chrysler, 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) Announces Design Leadership Changes

Vince Galante to head Jeep® Exterior Design Ryan Nagode to lead Interior Design Leandro Pinto to head Global User Experience

Stellantis (NYSE: STLA) today announced the following appointments within the product design office executive leadership team, effective immediately.

Vince Galante, Vice President - Jeep® Exterior Design
Vince Galante is appointed vice president of Jeep exterior design reporting to... More

Stellantis (STLA) partners with Vulcan Energy for geothermal projects in France

On 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

Stifel Reiterates Buy Rating on Stellantis NV (STLA:IM) (STLA)

Stifel analyst Pierre-Yves Quemener reiterated a Buy rating and EUR27.00 price target on Stellantis NV (STLA:IM) (NYSE: STLA).

Deputy PM Freeland vows Stellantis (STLA) /LG plant will go forward

Deputy 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

Automotive 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)

RBC Capital analyst Tom Narayan reiterated an Outperform rating and EUR20.00 price target on Stellantis NV (STLA:IM) (NYSE: STLA).