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…

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.

Stellantis NV (NYSE:STLA) and LG Energy Solution Ltd look to build their new battery plant in Ontario, Canada, Bloomberg reports. The Canadian government’s incentives for clean-energy businesses served as a key driver in attracting the companies to the country. Also Read: Stellantis CEO Looks To Catch Up With Tesla In Coming Years, Russia-Ukraine Crisis Could Dampen…

Stellantis NV (NYSE:STLA) owned luxury brand Maserati said it is planning to offer electric versions of its lineup by 2025, CNBC reported. Maserati will start with GranTurismo EV featuring more than 1,200 horsepower in 2023. Maserati will follow suit with an all-electric Grecale midsize SUV and a Grancabrio GT car. Related: Porsche AG Sets High…

Stellantis NV (NYSE:STLA) has launched its first venture capital fund, Stellantis Ventures. The fund will initially invest €300 million in startup companies focused on innovation in the automotive and mobility sector. Stellantis Ventures will act as a strategic investor and help startups integrate new technologies within the company in shortened timeframes. “We are…

Stellantis NV (NYSE:STLA) CEO Carlos Tavares sees his company catching up with EV pioneer Tesla Inc (NASDAQ:TSLA) in the coming years, Reuters reports from Mobility TV World session. He sees the competition benefitting the consumers. Also Read: Stellantis CEO Says Company Being 'Forced' To Make Electric Vehicles, Stellantis, Samsung SDI Collaborate To Produce EV Battery For North…

Russia's attack on Ukraine has highlighted concerns about oil dependency and petrol prices just as EV manufacturers look to deliver a wide range of greener cars, Financial Times reports.  Ukraine is a significant producer of the miles of cables and connectors that power many cars' electrical systems. Russia's importance as the…

Automobile manufacturing had been suffering due to a global semiconductor shortage and pandemic-related supply chain disruptions. However, the sector is expected to rise amidst high pent-up demand for automobiles. Ford Motor (F) and Stellantis (STLA) are two prominent auto manufacturers. But which of these two stocks is a better buy?…