The Latest Breaking News from STLA

Stellantis, Samsung SDI To Build EV Battery Manufacturing Facility - Read More For Details

Stellantis NV (NYSE:STLA) and Samsung SDI have signed a binding, definitive agreement to establish an electric-vehicle battery manufacturing facility in Kokomo, Indiana. The joint venture will invest more than $2.5 billion (€2.3 billion) and create 1,400 new jobs in Kokomo and the surrounding areas. The investment could gradually increase up to $3.1 billion (€2.9…

Benzinga · May 24, 2022

Stellantis To Reshuffle European Dealers' Network In 2023: Reuters

Stellantis NV (NYSE:STLA) is planning a reshuffle of its European dealers' network in 2023 from Austria, Belgium, and the Netherlands, Reuters reported. The company is looking to reshuffle dealers of its van and premium brands. The carmaker would end all current sales and services contracts with European dealers in an effort to…

Benzinga · May 18, 2022

Grab These 4 Top-Rated Auto Manufacturing Stocks on Sale

Rising input prices due to worsening supply disruptions and a semiconductor chip shortage have been hurting auto manufacturers. In April, U.S. new vehicle sales declined due to tight inventories and rising prices. However, given the industry’s solid long-term growth prospects, with an increasing focus on electric vehicles, quality auto manufacturing…

StockNews.com · May 11, 2022

Stellantis Suspends Production In Russia

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…

Benzinga · Apr 19, 2022

Stellantis, Qualcomm Partner To Power Vehicle Platforms With Snapdragon Digital Chassis Solutions

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…

Benzinga · Apr 14, 2022

Stellantis To Shut Down Russia Plant Due To Component Crisis; Looks To Source Computer Chips From Europe, US

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…

Benzinga · Mar 31, 2022

3 Stocks in Oversold Territory: Movado, Stellantis, and Bluegreen Vacations

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…

StockNews.com · Mar 28, 2022

Stellantis Fires Up EV Rivalry With Tesla

Stellantis NV (NYSE:STLA), Mercedes-Benz Group AG (OTC:DMLRY), and TotalEnergies SE (NYSE:TTE) joint venture Automotive Cells Company looked to build an EV battery plant in Italy. The plant would involve an investment of over €7 billion, Reuters reports The partners aimed to increase its industrial capacity to at least 120-gigawatt hours (GWh) by 2030. ACC looked to produce batteries…

Benzinga · Mar 23, 2022

4 Energy Stocks Under $10 Wall Street Loves: Tellurian, Energy Transfer, TechnipFMC, and Crescent Point Energy

Oil prices are expected to remain above the $100 mark in the coming months amid the tight supply outlook. The rising prices over the past months have helped energy stocks, Energy Transfer (ET), Crescent Point (CPG), TechnipFMC (FTI), and Tellurian (TELL) to gain significantly. Wall Street analysts see further upside…

StockNews.com · Mar 22, 2022

General Motors vs. Stellantis: Which Auto Manufacturing Stock is a Better Buy?

Automakers are facing some production challenges in the near-term as they transition to EVs. General Motors (GM) and Stellantis (STLA) are considered 2 of the higher-quality companies. But which of these stocks is a better buy now? Read more to find out.

StockNews.com · Mar 21, 2022