Tests confirm 24 Stellantis (STLA) engine types can run on e-fuels

UAW president calls GM counteroffer 'insulting'

General Motors (NYSE: GM), Thursday, presented a counteroffer to the United Auto Workers (UAW) union, aiming to prevent an expensive strike. However, the President of the United Auto Workers, Shawn Fain, called the proposal "insulting."

GM mentioned that they put forward an offer to the union ahead of the September 14 contract deadline, offering workers a 10% pay raise and two extra annual lump sum payments of 3% each over four years.

Fain, who represents 146,000 workers, said GM's offer was "an insulting proposal that doesnt come close to an equitable agreement for Americas... More

UAW issues counteroffer to Ford (F); awaits Stellantis (STLA) offer later this week

On Wednesday, the United Auto Workers (UAW) union presented their own counterproposal on money matters for Ford Motor (NYSE: F). Meanwhile, Stellantis (NYSE: STLA), the parent company of Chrysler, is getting ready to share their counteroffer later this week.

As the current four-year labor agreements covering 146,000 workers at the Detroit Three automakers are set to expire on September 14, discussions are becoming increasingly... More

UAW to send counteroffer to Ford (F)

According to an undisclosed insider cited by Reuters Wednesday, the United Auto Workers union intends to present a counterproposal concerning economic matters in their labor contract negotiations with Ford Motor (NYSE: F).

Last week, Ford announced that it had extended an offer of a... More

CFRA warns of potential for 'lengthy UAW strike'

As the UAW contract deadline approaches, CFRA is warning investors to prepare for a potentially lengthy UAW strike.

Given the impending expiration of the four-year labor agreement, which covers around 150,000 UAW members, on September 14th at midnight, and considering the substantial differences between the two parties in wage negotiations and various other matters, coupled with the UAW's overwhelming approval of strike authorization (with a 97 percent vote, as widely anticipated), CFRA believes that the likelihood of a strike is extremely high. In fact, they are of the opinion that the strike could potentially endure... More

German Chancellor reveals plans for EV expansion law at IAA Munich

German Chancellor, Olaf Scholz took a tour of this years IAA car show in Munich on Tuesday where he revealed a groundbreaking initiative to expand the electric vehicle industry in his country.

In his address, he praised the German car industry's dedication to electrification while expressing his disapproval of ongoing protests. Scholz announced a new law, expected in the coming weeks, designed to significantly increase the number of electric vehicle charging stations across the country.

Under... More

Exane BNP Paribas Upgrades Stellantis NV (STLA) to Outperform

Exane BNP Paribas analyst Dorothee Cresswell upgraded Stellantis NV (NYSE: STLA) from Neutral to Outperform.

For an analyst ratings summary and ratings history on Stellantis NV click here. For more ratings news on Stellantis NV click here.

Shares of Stellantis NV closed at $18.23 yesterday.

Stellantis (STLA) call put ratio 1 call to 11 puts with focus on September and October

Stellantis (NYSE: STLA) 30-day option implied volatility is at 28; 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 11 puts with focus on September and October.

Renault CEO says Ampere IPO value could reach $10 Billion

According to CEO Luca de Meol, Renault's Ampere electric vehicle division, set to go public through an initial public offering (IPO), might attain a valuation of around 10 billion euros ($10.8 billion).

During an interview with the Financial Times at the Munich IAA car show on Monday, De Meo suggested that Ampere's market worth could range... More

Stellantis (STLA) and Aramco Collaborate to Increase the Use of eFuel

Stellantis (NYSE: STLA) has concluded that 24 engine families in European vehicles sold since 2014, representing 28 million vehicles on the road, are ready to use advanced drop-in eFuel without any powertrain modification, following months of testing at its technical centers across Europe. The tests were conducted using surrogate eFuels provided by Aramco, one of the worlds leading integrated energy and chemicals companies.

Low-carbon eFuel is a drop-in synthetic fuel made by reacting CO2, captured either directly from the atmosphere or from an industrial facility, with renewable hydrogen.... More

Stellantis' (STLA) Opal plans to launch low-cost EV by 2026

Opel Auto, a German brand owned by Stellantis (NYSE: STLA), spoke on Monday of its aim to introduce an all-electric vehicle priced at approximately 25,000 euros ($26,967) without factoring in incentives, with a target launch around 2026.

Opel/Vauxhall CEO Florian Huettl made a... More

UBS cuts estimates on Renault and Volkswagen as Chinese competition rises

UBS downgraded French automaker, Renault to a Sell rating (From Neutral) and cut their 12-month price target on the automotive stock to 31.00 (From 42.00) as competition from Chinese rivals intensifies.

UBS anticipates continued robust financial performance in the upcoming quarters with the potential for additional positive surprises. However, it is noteworthy that most indicators have ceased to show improvement. An analysis by UBS, including the examination of the BYD teardown Q-Series, leads analyst David Lesne to believe that legacy automakers... More

UAW files unfair labor practice charges against GM and Stellantis (STLA) amid contract dispute

On Thursday night, UAW President Shawn Fain announced that the United Auto Workers have submitted allegations of unfair labor practices to the National Labor Relations Board against General Motors (NYSE: GM) and Stellantis (NYSE: STLA). These allegations pertain to the automakers' purported lack of genuine and timely engagement in bargaining with the union.

The filings were prompted by the companies' failure to promptly address the union's requests, as explained by Fain. Notably, there was no complaint filed against Ford Motor (NYSE:... More

Stellantis (STLA) option IV amid union contract talks

Stellantis (NYSE: STLA) 30-day option implied volatility is at 27; compared to its 52-week range of 23 to 423 into their current union contracts end on September 14.

Stellantis NV (STLA) PT Raised to $18.50 at Bernstein

Bernstein analyst Daniel Roeska raised the price target on Stellantis NV (NYSE: STLA) to $18.50 (from $18.00) while maintaining a Market Perform rating.... More

Bernstein Reiterates Market Perform Rating on Stellantis NV (STLA:FP) (STLA)

Bernstein analyst Daniel Roeska reiterated a Market Perform rating and EUR17.00 price target on Stellantis NV (STLA:FP) (NYSE: STLA).