Stellantis (STLA) CEO concerned 2024 elections may slow EV sales

U.S. to impose limitations on Chinese battery content for EV tax credits

December 1, 2023 2:11 PM EST

U.S. President Joe Biden and his administration released guidance on Friday that will impose restrictions on Chinese content allowed in batteries qualifying for electric vehicle (EV) tax credits beginning next year.

In a victory for automakers, the U.S. Treasury is set to provide a temporary exemption for certain essential trace minerals from recently imposed stringent regulations that restrict materials originating from China and other nations labeled as "Foreign Entity of Concern"... More

UAW push to organize Tesla (TSLA) and non-union auto sector

November 29, 2023 4:22 PM EST

The United Auto Workers (UAW) union announced Wednesday their plan to unionize electric vehicle maker, Tesla (NASDAQ: TSLA) as well as the entirety of the nonunion auto industry in the United States.

This move follows the unions successful negotiation of new contracts with the Detroit Three automakers.

UAW revealed that employees from 13 nonunion automakers have launched coordinated campaigns nationwide to join the union.

These efforts encompass companies such as Tesla, Toyota (NYSE:... More

Stellantis (STLA) Announces Executive Changes in North America

November 29, 2023 4:00 PM EST

Stellantis North America today named two executives to key roles in support of the Jeep brand as the region prepares for its electric offensive in 2024. Both moves are effective December 1.

William Peffer is named responsible for Jeep brand... More

Ford (F), Stellantis (STLA) Trade Higher in Sympathy with GM (GM)

November 29, 2023 7:12 AM EST

Ford (NYSE: F), Stellantis (NYSE: STLA) Trade Higher in Sympathy with GM (NYSE: GM)

General Motors Co. (NYSE: GM) announced today it is reinstating its full-year 2023 earnings... More

Stellantis NV (STLA:IM) (STLA) PT Raised to EUR23 at JPMorgan

November 29, 2023 2:17 AM EST

JPMorgan raised its price target on Stellantis NV (STLA:IM) (NYSE: STLA) to EUR23.00 (from EUR21.00) while maintaining a Overweight rating.... More

Fiat to auction unique Fiat 500e EVs at Basel Miami Beach event

November 28, 2023 3:27 PM EST

Stellantis-owned (NYSE: STLA) Fiat auto announced Tuesday that the Italian carmaker will take center stage at Art Basel Miami Beach 2023 on December 7th, where the automaker will auction off three unique Fiat 500e electric cars.

The three Fiat 500e EVs, created in partnership with renowned Italian brands Armani, Bvlgari, and Kartell, will be showcased and auctioned at an undisclosed location. The proceeds from this auction will support a yet-to-be-disclosed nonprofit... More

Britain seeking auto investments from Chinese carmakers

November 27, 2023 1:42 PM EST

British investment Minister, Dominic Johnson revealed Monday his efforts to attract Chinese car manufacturers to invest in the country. He emphasized the significance of Chinese investment in achieving environmental goals.

During a foreign direct investment summit held at Hampton Court Palace on Monday, British investment minister Dominic Johnson highlighted that commercial negotiations could proceed independently alongside political... More

Lancia expands Stellantis (STLA) brand in Europe with Ypsilon EV

November 27, 2023 10:25 AM EST

Lancia, a subsidiary of FCA Italy, a Stellantis (NYSE: STLA) division, will expand beyond Italy in Freruary when the carmaker launches their third generation Ypsilon.

The small vehicle will start with a limited edition full-electric variant. The limited 1,906 units will lead the brand as the first... More