STLA Stock Recent News

The electric vehicle revolution is underway, and Stellantis (NYSE: STLA ) is preparing today for the industry-wide changes that are coming soon. This involves some layoffs, but that's not a bad sign for Stellantis.

Automaker Stellantis said on Wednesday it will pay $100 million to acquire 49.5% of 360 Energy Solar, one of Argentina's leading solar power producers, in a push towards making its plants more energy self-sufficient.

Stellantis to Announce First Quarter 2024 Shipments and Revenues on April 30 AMSTERDAM, April 17, 2024 - Stellantis N.V. announced today that its First Quarter 2024 Shipments and Revenues will be released on Tuesday, April 30, 2024.

Stellantis (STLA) closed at $26.25 in the latest trading session, marking a +1.2% move from the prior day.

Stellantis Chief Executive Carlos Tavares said on Wednesday the automaker would extend the production of its best-selling Fiat Panda petrol city car to 2030, in a bid to bring affordability to clients.

Stellantis NV (NYSE:STLA, EPA:STLA) has reported stronger European sales over the first quarter of the year, prompted by a strong performance across Europe. Sales jumped 5.4% during the quarter, taking the Chrysler and Jeep owner's market share in Europe 0.9% higher to 19.2%, Stallantis reported on Tuesday.

In the most recent trading session, Stellantis (STLA) closed at $26.92, indicating a +1.05% shift from the previous trading day.

Global battery electric vehicle (BEV) sales are struggling for traction this year, but it's looking particularly gloomy in Europe, where Bank of America has cut its outlook.

Production of passenger cars and vans at Stellantis' Italian plants fell 9.8% year-on-year in the first three months of this year to 170,415 units, the FIM-CISL union said on Friday.

The automotive industry will have to reduce the weight of EV batteries by 50% in the next 10 years to make electrification environmentally meaningful, the head of Stellantis said on Wednesday.