Stellantis (STLA) threatened to move RAM 1500 production to Mexico, union leader says

Stellantis (STLA) enters dealership electrification agreement with AGI

August 23, 2023 3:07 PM EDT

Acknowledging the extensive national requirements involved in the design, implementation, and upkeep of EV charging networks at over 2,600 sites, Stellantis (NYSE: STLA) revealed on Wednesday their decision to appoint AGI as a turnkey infrastructure solutions provider. This partnership aims to support their dealers in their push towards electrification, encompassing all the necessary elements to establish electric vehicle supply equipment (EVSE) for charging purposes.

The... More

Stellantis (STLA) considers Chinese EV partnership with Leapmotor

August 23, 2023 9:41 AM EDT

According to a report from Bloomberg News on Wednesday, Stellantis (NYSE: STLA), the parent company of Dodge, Fiat and several global brands is actively considering potential collaboration opportunities with Zhejiang Leapmotor, a Chinese electric vehicle (EV) manufacturer.

A strategic move is aimed at growing Stellantis' footprint in the Chinese automotive market.

Sources familiar with the matter have indicated that Stellantis is... More

Texas EV owners prepare as additional fees kick in Sep. 1st

August 22, 2023 2:30 PM EDT

Texas electric vehicle owners are preparing for a rule change after state lawmakers approved a $200 annual fee added to their EVs registration charges.

Earlier this year, Texas lawmakers gave the green light to a fee that applies to all electric cars and trucks in the state. This fee, including a $400 charge for first-time registration, aims to fix what legislators pointed out as an... More

Stellantis (STLA) AEG report shows a union strike could cost the U.S. auto industry $5.5B

August 21, 2023 3:11 PM EDT

Anderson Economic Group (AEG) released a report late last week highlighting the potential economic impact of a 10-day auto union strike. According to the report, AEG estimates a strike on all three automakers by 143,000 United Auto Workers (UAW) members could result in a total economic loss of more than $5 billion after 10 full days.

The assessment adopts a holistic perspective, considering not only the impacts on workers and manufacturers, but also the potential repercussions on car dealers and parts suppliers that could result from a... More

Stellantis (STLA) call put ratio 1 call to 13.4 puts with focus on December 14 puts

August 17, 2023 2:05 PM EDT

Stellantis (NYSE: STLA) 30-day option implied volatility is at 32; compared to its 52-week range of 23 to 423 into their current union contracts end on September 14. Call put ratio 1 call to 13.4 puts with focus on December 14 puts.

... More

UAW leader says Detroit Three automakers 'still not serious' in contract talks

August 17, 2023 1:08 PM EDT

By Joseph White

DETROIT (Reuters) -United Auto Workers President Shawn Fain told Reuters the Detroit Three automakers are "still not serious" in their responses so far to the union's economic proposals, and said Sept. 14 is a firm deadline for all three companies to conclude new contracts.

"Things have been moving slow," Fain said in an interview. He did not rule out strikes at General Motors, Ford and Stellantis North America if the deadline is missed.

"Everyone's deadline is the same," Fain said. "It's imperative all three companies come to the table."

Fain has outlined an... More

Stellantis (STLA) invests in direct lithium extraction project

August 17, 2023 9:08 AM EDT

Stellantis (NYSE: STLA) said Thursday that the carmaker will be investing more than $100 million in California-based direct lithium extraction (DLE) company, Controlled Thermal Resources.

Different DLE technologies come with their own unique approaches, but all share the common goal of extracting lithium from saline brine deposits through mechanical filtration. This innovative process eliminates the necessity for open pit... More

Cisco Systems and Ball rise premarket; CVS, Wolfspeed and Tapestry lower

August 17, 2023 8:59 AM EDT

Investing.com -- U.S. futures traded higher Thursday, rebounding after two consecutive days of losses amid more earnings from the retail sector and weekly jobless claims data.

Here are some of the biggest premarket U.S. stock movers today:

Walmart (NYSE: WMT) stock fluctuated after raising its full-year forecast as... More

Stellantis (STLA) Invests $100M in CTR

August 17, 2023 6:03 AM EDT

Stellantis Invests in CTR to Strengthen Low Emissions U.S. Lithium Production

Stellantis invests over $100 million to advance the development of geothermal lithium project in California and encourage decarbonization of battery electric vehicle supply chainsNew agreement includes a supply increase from the initial plan of 25,000 metric tons to up to 65,000 metric tons per year of battery-grade lithium hydroxide... More