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Stellantis CEO Carlos Tavares received 36.5 million euros ($39.5 million) in total compensation in 2023, the Italian-American automaker said on Thursday.
Stock buybacks are one of the many actions companies use to attract investors and raise their share price. A board of directors typically approves when a company repurchases its shares in the stock market, decreasing the overall number of outstanding shares.
Stellantis' switch solidifies the future of NACS in America and puts an expiration date on the current CCS standard.
Stellantis NV (NYSE:STLA, EPA:STLA), the owner of brands like Peugeot, Vauxhall and Fiat, is asking customers for permission to sell their anonymised vehicle data to service providers, an executive confirmed on Tuesday. Sanjiv Ghate, the head of responsible business at Stelantis' data unit Mobilisights, stated that the company is currently speaking with customers about this initiative.
Stellantis said on Monday it was starting volume production in Europe of large-sized and mid-sized hydrogen fuel cell vans, expanding its range of zero-emission commercial vehicles.
Shares of Tesla Inc. NASDAQ: TSLA are having a banner month, advancing more than 17% so far in November. Nonetheless, shares are still underperforming some other automotive stocks, including Stellantis N.V.
Although the usual line remains the same – electric vehicles are the future – several hyped EV stock picks have suffered the curse of the market jinx. With various pressures such consumer demand erosion and a sector-wide price war clouding the burgeoning industry, electric mobility is arguably facing its first true test.
General Motors and Stellantis said on Wednesday they will invest in startup Niron Magnetics, part of a plan to develop electric-vehicle magnets without rare earths as the automotive industry aims to curb its reliance on China.
The new Ram pickup can operate as an EV until the battery dies and an onboard generator — powered by a 3.6-liter V6 engine — kicks on to power the vehicle.
Unifor said on Monday that members at Stellantis' facilities in Windsor, Brampton, Etobicoke, Mississauga and Red Deer have voted to ratify new three-year collective agreements with the company.