Stellantis Pro One: Commercial Vehicles Offensive to Boost Global Leadership
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Stellantis (STLA) pulls out of L.A. auto show as UAW strikes continue
October 20, 2023 2:10 PM EDTChrysler-parent, Stellantis (NYSE: STLA) announced Friday that the automaker will not be participating in this years L.A. Auto Show in an effort to reduce costs amidst the ongoing UAW Strike.
The company stated that it would be scrapping its planned... More
US EV sales skyrocket in 3Q, China expands reach
October 20, 2023 8:41 AM EDTAccording to data released by Cox Automotive, US electric vehicle (EV) sales surged by almost 50% in the 3Q compared to last year, surpassing 300,000 units sold for the first time.
The current market trajectory suggests that the US may witness the sale of over a million EV cars this year, marking a significant milestone in the transition to auto electrification. A notable shift, coupled with Tesla's (NASDAQ:... More
Stellantis (STLA) and Dongfeng to expand Chinese auto exports through asset transfer deal
October 19, 2023 2:53 PM EDTChina's Dongfeng Motor Group and Chrysler-parent Stellantis (NYSE: STLA) announced plans Thursday to boost their vehicle and component export operations through an asset sale, aiming to capitalize on the growing Chinese automotive sector.
In line with the asset transfer agreement, Dongfeng, a state-owned enterprise, will acquire land use-rights and buildings in... More
British minister ‘optimistic’ on finding solution to EV tariffs
October 18, 2023 3:37 PM EDTOn Wednesday, British Business Secretary Kemi Badenoch expressed strong confidence in finding a resolution for automakers to circumvent imminent tariffs on the trade of electric vehicles (EVs) with the European Union, stating that she was very optimistic about the prospects.
"We're regularly raising this with EU counterparts, and it is just simply the nature of trade negotiations and trade policy," said Badenoch during an even... More
