Stellantis (STLA) partners with TKT in effort to reach out to black customers
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June 30, 2023 10:44 AM EDT
Stellantis (NYSE: STLA) and Australia-listed Kuniko revealed Friday that the two companies have signed an offtake and equity investment agreement with the aim to give Stellantis a stable supply of key materials for vehicle batteries. According to the terms of the agreement, Stellantis... More
June 30, 2023 9:20 AM EDT
The auto industry is gearing up to announce their sales figures for June, and according to Deutsche Bank, there is an anticipation of the US light vehicle SAAR reaching approximately 15.5 million units. This would mark an increase from May's 15.1 million units, mainly attributed to more favorable seasonal factors. Moreover, the projected figure for June 2023 is notably higher than June 2022, which stood at 13.2 million units.
Analyst, Emmanuel Rosner wrote in a note, We expect June US light vehicle SAAR to come in around 15.5m units, up from 15.1m in May... More
June 28, 2023 3:18 PM EDT
According to documents shared with reporters from Reuters, Jeep and Dodge parent company, Stellantis (NYSE: STLA) has placed its Warren Truck assembly and Jefferson North factory in Michigan under "critical status". Requiring union employees to work mandatory overtime to boost Jeep SUV production ahead of a potential strike deadline in September.
Stellantis told workers the change in status will be in effect from July 5 through October 2. According to a... More
June 28, 2023 1:44 PM EDT
Chrysler parent, Stellantis (NYSE: STLA) informed unions and local officials Wednesday of plans to end operations at its manual gearbox production site in Vienna-Aspern in Austria after 40 years, laying off about 300 workers. A decline in demand for traditional manual gearboxes can be attributed to the... More
June 27, 2023 10:30 AM EDT
Franco-American automaker and Jeep parent company, Stellantis (NYSE: STLA) launched 'Charging & Energy' business unit Free2move Charge on Tuesday, with the aim to make it easier to keep electric vehicles on the road and cash in on an expanding range of services around greener... More
