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BIZARRE: 3 | Mind Blowing Facts

1 Auto Stock Hedge Fund Managers Are Buying Right Now

Several hedge funds have increased their position in the Netherlands-based auto company Stellantis (STLA). Some hedge funds have also opened new positions in the stock. Hence, this stock might be a solid addition to your portfolio now. Read on….

StockNews.com

Stellantis to Stop Operations at Jeep Cherokee Factory

Jeep maker Stellantis NV said on Friday that it would stop operations at a 1,350-employee assembly plant in Illinois, citing the need to control costs in the face of supply-chain disruptions and high expenses associated with moving to electric vehicles.

Bangkok Post

2 Motor Vehicle Stocks to Buy in December and 2 to Avoid

With inflation showing signs of cooling down and the Fed expected to reduce the magnitude of interest rate hikes, investors are hopeful about a market recovery. Moreover, rising consumer spending is expected to fuel the demand for motor vehicles. Therefore, quality auto stocks Stellantis (STLA) and Honda Motor Co. (HMC)…

StockNews.com

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5 Stocks Investors Can Hold Onto Forever

Although the stock market remains highly volatile due to high inflation levels and the Fed’s aggressive monetary policy stance, analysts believe consumer prices will significantly decline in 2023. Moreover, the Fed also signaled slower rate hikes ahead. So, fundamentally strong stocks, AbbVie (ABBV), CSX Corporation (CSX), Waste Management (WM), Stellantis…

StockNews.com

Fiat in North America will pursue wealthy city dwellers

The arrival of the North American all-electric Fiat 500e in 2024 will mark the new direction of Stellantis NV's Italian small-car brand on the continent: pursuing wealthy, urban buyers looking for a fun ride.

Tribune News Service

Stellantis joint venture in China files for bankruptcy

Jeep maker Stellantis NV's money-losing joint venture in China is filing for bankruptcy following its decision to dissolve the partnership and import its SUVs into the country.

Tribune News Service

Heavy-duty trucks are fueling the EV transition. When will they get electrified?

The Detroit Three automakers are pushing toward an electrified future, but they’re not yet putting their gas and diesel-powered heavy-duty trucks on the back burner.

Tribune News Service

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3 Auto Stocks Investors Should Buy Over Tesla This Fall

The automotive industry is expected to witness solid growth in the long run, driven by sustained demand, increased adoption of electric vehicles, and supportive federal policies. Electric vehicle (EV) giant Tesla (TSLA) has witnessed a steady downtrend this year on several concerns. Therefore, it could be wise to invest in…

StockNews.com

Stellantis signs non-binding supply deal for raw materials needed for EV batteries

Jeep maker Stellantis NV on Monday announced it has signed a non-binding memorandum of understanding with a supplier for raw materials needed to build electric-vehicle batteries.

Tribune News Service

Stellantis CEO: 'We have zero problem with unions' at battery plants

DETROIT — The CEO of Stellantis NV says employees of its joint-venture electric-vehicle battery manufacturing plants will be unionized if they wish.

Tribune News Service

Stellantis solid-state EV battery partner to open pilot plant in Massachusetts

Stellantis NV's solid-state battery partner on Thursday said it has acquired a facility in Massachusetts it will expand for a pilot production plant as a part of a $45 million investment.

Tribune News Service

Appeals court dismisses GM's 2019 suit against FCA

The U.S. 6th Circuit Court of Appeals has affirmed a federal judge's earlier decision to throw out a racketeering lawsuit by General Motors Co. against Fiat Chrysler Automobiles, now known as Stellantis NV.

Tribune News Service

FCA sentenced to pay $300M in diesel emissions cheating case

DETROIT — A federal judge on Monday sentenced the U.S. division of Stellantis NV to pay $300 million in penalties and forfeitures for cheating on government emissions testing on "clean EcoDiesel" for Jeep Grand Cherokee SUVs and Ram 1500 pickup trucks.

Tribune News Service

Buy the Dip in Auto Stocks? Here Are 2 to Consider

The automotive industry has been witnessing robust demand despite the rising prices. Moreover, intensive investments and rapid technological advancements are expected to drive growth in the coming years. Given this backdrop, we think investors should consider buying the dip in auto stocks Honda Motor (HMC) and Stellantis (STLA). Read on….

StockNews.com

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Tribune News Service

UAW delegates increase leader salaries while rejecting 'equal pay for equal work' amendment

DETROIT— United Auto Workers delegates on Tuesday rejected an opportunity to codify in their constitution "equal pay for equal work" ahead of next year's negotiations with the Detroit Three automakers, and increased the salaries of International Executive Board officers.

Tribune News Service

Dodge, Ram top mass market brands in JD Power APEAL study

Stellantis NV brands Dodge and Ram were customers' favorite mass market vehicles in the 2022 J.D. Power U.S. Automotive Performance, Execution and Layout study released Thursday.

Tribune News Service

Stellantis to dissolve joint venture with GAC, import Jeeps to China

Jeep maker Stellantis NV is dissolving its money-losing joint venture with its Chinese partner and instead will import the iconic SUVs into the world's largest autos market.

Benzinga

Stellantis Launches Primary Health Care Center In Ohio To Serve Employees

Stellantis NV (NYSE:STLA) has launched a primary care health and wellness center in Toledo, Ohio, in collaboration with ProMedica Health System. Starting July, the health-care center will serve more than 9,500 employees and their families working and living within a 15-mile radius of the facility. The 12,000-square-foot health and wellness center will feature 13 examination rooms…

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Tribune News Service

Stellantis investment makes it 2nd largest shareholder in lithium supplier

Jeep maker Stellantis NV is investing nearly $53 million (50 million euro) into its European lithium partner in an effort to create a reliable supply chain of the critical mineral for electric-vehicle batteries.

Benzinga

Stellantis Makes €50M Equity Investment In Lithium Company Vulcan Energy Resources

Stellantis NV (NYSE:STLA) has made a €50 million (A$76 million) equity investment in Vulcan Energy Resources Ltd (OTC:VULNF) and has extended its original binding offtake agreement to ten years. Vulcan is a lithium producer and intends to produce a battery-quality lithium hydroxide chemical product from its combined geothermal energy and lithium resource in Germany. The investment…

Bangkok Post

Mini EVs sell out in 18 minutes

PARIS: A limited edition of 50 Citroen mini electric cars sold out in less than 18 minutes, parent company Stellantis NV said, prompting the French brand to post a cheeky message to electric car pioneer Elon Musk.

Tribune News Service

Arbitrator orders Stellantis to end vaccine mandate in Canada

Chrysler and Dodge maker Stellantis NV must end its COVID-19 vaccine mandate for Canadian employees after an arbitrator determined the policy is now unreasonable because of waning efficacy against the omicron variant.

StockNews.com

2 Undervalued Auto Manufacturing Stocks That Yield More Than 3%

The auto manufacturing industry is expected to witness a solid recovery with the rising demand for zero-emission vehicles and government and private efforts to resolve the semiconductor shortage. So, it could be wise to scoop up shares of the fundamentally-strong automotive companies Honda Motor (HMC) and Stellantis (STLA), offering more…

Tribune News Service

Stellantis unveils new plan for lobbying in Europe

Jeep maker Stellantis NV says it's withdrawing from the European Automobile Manufacturers Association at the end of the year and will create its own forum to engage with industry stakeholders on the future of transportation.

Tribune News Service

Ford, GM, Stellantis, Toyota urge Congress to lift EV tax credits cap

WASHINGTON — Ford Motor Co., General Motors Co., Stellantis NV and Toyota Motor Corp. sent a letter to congressional leaders Monday urging them to lift the 200,000 customer cap for existing electric vehicle tax credits.

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