Stellantis (STLA) unveils full range of renewed electrified vans
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Stellantis (STLA) closing in on deal to acquire 20% of China's Leapmotor
October 25, 2023 11:49 AM EDTStellantis (NYSE: STLA) confirmed Wednesday that the automaker was studying closer ties with Chinese carmakers following a Bloomberg report that said the company was nearing a deal to acquire a roughly 20% stake in Chinese electric vehicle company, Zhejiang Leapmotor.
Leapmotor and Stellantis are in talks about establishing a... More
Stellantis (STLA) to form JV with Orano to recycle EV batteries
October 24, 2023 10:13 AM EDTStellantis (NYSE: STLA) announced Tuesday the automakers plans to join with French nuclear fuels firm Orano to recycle used electric vehicle batteries and scrap from factories.
The two companies announced, in a joint statement, the signing of a memorandum of understanding, paving the way for the... More
Morgan Stanley remains Overweight on Stellantis (STLA) as UAW strikes continue to escalate
October 24, 2023 9:39 AM EDTMorgan Stanley reiterated their overweight rating on Stellantis (NYSE: STLA) with a 12-month price target of EUR20.00 amidst escalating UAW strikes that have persisted for over 5 weeks.
The union further escalated strikes on Monday, calling for an additional 6,800 members to strike at Stellantis' largest assembly plant, pausing production of the automaker's RAM 1500 pickup truck. One of the companys most profitable vehicles. The plant is... More
UAW expands strike against Stellantis, hitting pickup truck plant
October 23, 2023 10:32 AM EDTBy David Shepardson and Joseph White
WASHINGTON/DETROIT -The United Auto Workers (UAW) union went on strike at Chrysler-parent Stellantis's largest assembly plant on Monday, hitting the automaker's profitable RAM 1500 pickup truck production in a major expansion of the more than month-old strike.
The UAW, which is striking the three big Detroit automakers, blamed the latest walkout by 6,800 workers at the Michigan plant on Stellantis having the "worst proposal" on the table on wage increases, temporary worker pay and conversion to full time status as well as cost-of-living adjustments.
More than 40,000 union members working at Ford,... More
UAW Says 6,800 Members At Stellantis (STLA) Sterling Plant Join Strike - Bloomberg
October 23, 2023 10:18 AM EDTUAW Says 6,800 Members At Stellantis (STLA) Sterling Plant Join Strike - Bloomberg
... MoreGM, Ford slip after UAW warns of more walkouts, analysts say deal is close
October 23, 2023 10:10 AM EDT(Reuters) - Shares of U.S. automakers Ford Motor and General Motors slipped about 1% each in morning trade on Monday after the United Auto Workers (UAW) union warned of more walkouts unless a new labor deal is reached.
UAW President Shawn Fain said on Friday that the automakers had converged on a 23% wage hike, but told members there was "more to be won".
Though Fain... More
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
Stellantis (STLA) option implied volatility ticks up amid UAW contract headlines
October 19, 2023 11:10 AM EDTStellantis (NYSE: STLA) 30-day option implied volatility is at 34; compared to its 52-week range of compared to its 52-week range of 23 to 423.
... More