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The revised emission rules ease the burden on Detroit 3 automakers- GM, STLA and F. The initial proposal risked $10.5B in fines by 2032.
Stellantis (STLA) collaborates with California to avoid 10-12 million metric tons of greenhouse gas emissions.
European carmaker Stellantis announced on Wednesday that it was acquiring a stake in optical radar start-up SteerLight as it seeks to strengthen its market position and secure access to crucial sensors for autonomous driving.
Stellantis—the automaker behind Chrysler, Jeep, Dodge and Ram—agreed to comply with a California policy requiring two-thirds of new cars to be zero-emission or electric by 2030, potentially insulating the strict rule from challenges if former President Donald Trump returns to office and reprises his efforts to reverse California emissions standards.
Chrysler parent Stellantis and the state of California reached an agreement on emissions on Tuesday after the company unsuccessfully sought to join a deal that other automakers had struck with the state in 2019.
Archer Aviation (NYSE: ACHR ), which specializes in manufacturing electric vertical takeoff and landing (eVTOL) vehicles, is seeing choppy price action on Tuesday following an initial bump higher. Yesterday, automotive giant Stellantis (NYSE: STLA ) announced that it had bought more ACHR stock, signaling confidence in the air mobility firm.
Who's bullish on Archer Aviation (NYSE: ACHR ) stock? Stellantis (NYSE: STLA ) certainly is.
With a strong focus on sustainability and innovation, Brazil is set to become a major player in the global automotive scene, drawing in big investments and leading the shift toward greener ways to get around.
European carmaker Stellantis on Wednesday announced a 5-year investment plan for Latin America, with total planned investments amounting to 5.6 billion euros from 2025 to 2030.
Stellantis will extend a period of reduced operations at its Mirafiori complex in Italy due to weak demand for its fully-electric Fiat 500 small car and Maserati models, the UILM union said on Tuesday.