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Barchart
Barchart
Ebube Jones

1 'Big 3' Auto Stock That Looks Set to Outperform

Stellantis Toyota STLA Detroit Ram

The automotive industry is undergoing a massive transformation, with hybrid and electric vehicles (EVs) leading the charge. In the first quarter of 2024, global EV sales rose by 21% compared to last year, led by growing consumer demand, government incentives, and more affordable models from major automakers. In this context, Stellantis (STLA), the multinational automotive giant formed by the merger of Fiat Chrysler Automobiles and Groupe PSA, has emerged as a frontrunner, positioning itself strategically to capitalize on the industry's transition.

The former Detroit “Big Three” titan's unique positioning was on full display at its 2024 Investor Day held on June 13, where CEO Carlos Tavares outlined nine key strategic advantages that are enabling the company to unlock value and address industry challenges head-on. 

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