The Latest Breaking News from STLA

Stellantis NV (NYSE:STLA) said it is halting its production in Russia owing to economic sanctions and logistical difficulties. The automaker has 1% of Russia's car market, producing Peugeot, Citroёn, Opel, Jeep, and Fiat brands, Reuters reported. "Given the rapid daily increase in cross sanctions and logistical difficulties, Stellantis has suspended its manufacturing operations in Kaluga…

Stellantis NV (NYSE:STLA) and Qualcomm Inc (NASDAQ:QCOM) forged a multi-year technology collaboration. The financial terms of the arrangement were not disclosed. The alliance will help Stellantis merge all software domains into High-Performance Computers, leveraging the high-performance, low-power Snapdragon Automotive Platforms across all significant vehicle domains. The companies look to utilize the latest Snapdragon Digital Chassis…

Stellantis NV (NYSE:STLA) looks to source computer chips from Europe and the U.S. within three to four years, Reuters reports. CEO Carlos Tavares said multiple initiatives to develop more local sourcing of semiconductors after import shortages from Asia weighed on the industry. Stellantis looked to shut down a van plant in Russia…

Investors' concerns over the possibility of aggressive interest rate hikes and the persistent geopolitical tensions have led to market sell-offs. The overall pressure on the stock market pushed fundamentally sound stocks Stellantis (STLA), Movado (MOV), and Bluegreen Vacations (BVH) into the oversold territory. However, considering their long-term growth prospects, these…