Stellantis (STLA) to form JV with Orano to recycle EV batteries
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Morgan Stanley expects similar deals from OEMs as Stellantis (STLA) forms JV with Leapmotor
October 26, 2023 12:17 PM EDTStellantis (NYSE: STLA) confirmed Wednesday night that the Chrysler-parent will invest EUR 1.5B to acquire approximately 20% of Chinese automaker, Leapmotor.
The purchase also sets the stage for a planned joint venture between the two entities called, Leapmotor International, a 51/49 Stellantis-led JV that has exclusive rights for the export and sale, as well as manufacturing, of Leapmotor products outside Greater China.
Morgan... More
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
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
Stellantis (STLA) and Orano Enter Electric Vehicle Battery Recycling Agreement
October 24, 2023 8:08 AM EDTStellantis and Orano Enter Electric Vehicle Battery Recycling Agreement
Intended partnership with Orano to support Stellantis sustainable management of battery electric vehicle materials and the Dare Forward 2030 strategic plan to become a carbon net zero company by 2038Reclaimed cobalt, nickel, and lithium support Stellantis circular economy approach and will help meet the European Union (EU) 2031 battery... MoreStellantis (STLA) unveils full range of renewed electrified vans
October 23, 2023 12:31 PM EDTStellantis (NYSE: STLA), Monday, unveiled 12 refreshed and electrified compact, mid-size, and large commercial vans as part of the automakers Pro One strategic offensive.
The vehicles were revealed for the Citroën, FIAT Professional, Opel, Peugeot, and Vauxhall brands.
The updated commercial vehicle series introduces a 2nd generation... 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
