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Stellantis NV (NYSE:STLA, EPA:STLA)'s boss has warned the carmaker could ditch Britain over obligations to sell an increasing proportion of electric vehicles (EVs) annually. Carlos Tavares called the rules, which come under the zero emissions vehicle (ZEV) mandate, “terrible” for the UK in a media briefing on Thursday, adding they could see the Vauxhall and Fiat maker leave.
Vauxhall parent company Stellantis has warned it might pull out of the UK if plans to limit petrol-fuelled sales aren't dropped or amended. Carlos Tavares, the European car giant's chief executive, told reporters that the rules to curb petrol sales were "a disaster" that would force cars to be sold at a loss.
Stellantis (NASDAQ: STLA ) laid off 199 assembly workers at a Jeep plant represented by the United Auto Workers (UAW). It said more job cuts are coming.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
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.