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DARK SECRETS: 5 | Vintage Vibes

Stellantis, Samsung SDI To Build EV Battery Manufacturing Facility - Read More For Details

Stellantis NV (NYSE:STLA) and Samsung SDI have signed a binding, definitive agreement to establish an electric-vehicle battery manufacturing facility in Kokomo, Indiana. The joint venture will invest more than $2.5 billion (€2.3 billion) and create 1,400 new jobs in Kokomo and the surrounding areas. The investment could gradually increase up to $3.1 billion (€2.9…

Benzinga

Stellantis To Reshuffle European Dealers' Network In 2023: Reuters

Stellantis NV (NYSE:STLA) is planning a reshuffle of its European dealers' network in 2023 from Austria, Belgium, and the Netherlands, Reuters reported. The company is looking to reshuffle dealers of its van and premium brands. The carmaker would end all current sales and services contracts with European dealers in an effort to…

Benzinga

Grab These 4 Top-Rated Auto Manufacturing Stocks on Sale

Rising input prices due to worsening supply disruptions and a semiconductor chip shortage have been hurting auto manufacturers. In April, U.S. new vehicle sales declined due to tight inventories and rising prices. However, given the industry’s solid long-term growth prospects, with an increasing focus on electric vehicles, quality auto manufacturing…

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Stellantis CEO Thinks Electric Shift Depends On Smooth Supply Chain Operations: Bloomberg

Stellantis NV (NYSE:STLA) Chief Executive Officer Carlos Tavares said the shift to electric vehicles depends much on resolving the supply-chain problems swiftly, Bloomberg reported. He said the shift will only work in Europe if access to enough clean energy, batteries, raw materials, and charging infrastructure is ensured. Tavares also said that the…

Benzinga

Stellantis Acquires Car Sharing Company Share Now For Undisclosed Sum

Stellantis NV (NYSE:STLA) said its mobility division, Free2move, has agreed to acquire car sharing company Share Now. The financial terms of the deal were not disclosed. Share Now was formed as a joint venture by Mercedes-Benz Mobility Group and Bayerische Motoren Werke AG (OTC:BMWYY) in 2019. The deal is expected to add 14 major…

Benzinga

Stellantis Ramps Up Canadian Operations To Support Electrification Plans

Stellantis NV (NYSE:STLA) plans to invest C$3.6 billion ($2.8 billion) in its Windsor and Brampton (Ontario) Assembly Plants and to expand its Automotive Research and Development Centre (ARDC). The move supports Stellantis' strategy to invest C$45 billion ($35 billion) through 2025 in electrification and software globally. The investment brings the company's total investment…

Benzinga

3 Stocks to Buy as Supply Chain Issues Keep Improving

Supply chain disruptions are expected to persist for the rest of 2022 owing to extended COVID-19 lockdowns across several parts of China and the Russia-Ukraine war. However, the Global Supply Chain Pressure Index points to an easing in supply chain pressure since December 2021. If the disruptions continue easing, Honda…

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Stellantis Suspends Production In Russia

Stellantis NV (NYSE:STLA) said it is halting its production in Russia owing to economic sanctions and logistical difficulties. The automaker has 1% of Russia's car market, producing Peugeot, Citroёn, Opel, Jeep, and Fiat brands, Reuters reported. "Given the rapid daily increase in cross sanctions and logistical difficulties, Stellantis has suspended its manufacturing operations in Kaluga…

Benzinga

Stellantis, Qualcomm Partner To Power Vehicle Platforms With Snapdragon Digital Chassis Solutions

Stellantis NV (NYSE:STLA) and Qualcomm Inc (NASDAQ:QCOM) forged a multi-year technology collaboration. The financial terms of the arrangement were not disclosed. The alliance will help Stellantis merge all software domains into High-Performance Computers, leveraging the high-performance, low-power Snapdragon Automotive Platforms across all significant vehicle domains. The companies look to utilize the latest Snapdragon Digital Chassis…

Benzinga

Stellantis To Shut Down Russia Plant Due To Component Crisis; Looks To Source Computer Chips From Europe, US

Stellantis NV (NYSE:STLA) looks to source computer chips from Europe and the U.S. within three to four years, Reuters reports. CEO Carlos Tavares said multiple initiatives to develop more local sourcing of semiconductors after import shortages from Asia weighed on the industry. Stellantis looked to shut down a van plant in Russia…

Benzinga

3 Stocks in Oversold Territory: Movado, Stellantis, and Bluegreen Vacations

Investors' concerns over the possibility of aggressive interest rate hikes and the persistent geopolitical tensions have led to market sell-offs. The overall pressure on the stock market pushed fundamentally sound stocks Stellantis (STLA), Movado (MOV), and Bluegreen Vacations (BVH) into the oversold territory. However, considering their long-term growth prospects, these…

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Stellantis Fires Up EV Rivalry With Tesla

Stellantis NV (NYSE:STLA), Mercedes-Benz Group AG (OTC:DMLRY), and TotalEnergies SE (NYSE:TTE) joint venture Automotive Cells Company looked to build an EV battery plant in Italy. The plant would involve an investment of over €7 billion, Reuters reports The partners aimed to increase its industrial capacity to at least 120-gigawatt hours (GWh) by 2030. ACC looked to produce batteries…

Benzinga

4 Energy Stocks Under $10 Wall Street Loves: Tellurian, Energy Transfer, TechnipFMC, and Crescent Point Energy

Oil prices are expected to remain above the $100 mark in the coming months amid the tight supply outlook. The rising prices over the past months have helped energy stocks, Energy Transfer (ET), Crescent Point (CPG), TechnipFMC (FTI), and Tellurian (TELL) to gain significantly. Wall Street analysts see further upside…

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General Motors vs. Stellantis: Which Auto Manufacturing Stock is a Better Buy?

Automakers are facing some production challenges in the near-term as they transition to EVs. General Motors (GM) and Stellantis (STLA) are considered 2 of the higher-quality companies. But which of these stocks is a better buy now? Read more to find out.

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Benzinga

Stellantis, LG Energy Solution Eye New EV Battery Plant In Ontario: Bloomberg

Stellantis NV (NYSE:STLA) and LG Energy Solution Ltd look to build their new battery plant in Ontario, Canada, Bloomberg reports. The Canadian government’s incentives for clean-energy businesses served as a key driver in attracting the companies to the country. Also Read: Stellantis CEO Looks To Catch Up With Tesla In Coming Years, Russia-Ukraine Crisis Could Dampen…

Benzinga

Maserati Plans Electric Range Of All Models By 2025

Stellantis NV (NYSE:STLA) owned luxury brand Maserati said it is planning to offer electric versions of its lineup by 2025, CNBC reported. Maserati will start with GranTurismo EV featuring more than 1,200 horsepower in 2023. Maserati will follow suit with an all-electric Grecale midsize SUV and a Grancabrio GT car. Related: Porsche AG Sets High…

Benzinga

Stellantis Launches Venture Capital Fund Focused On Technology Innovations

Stellantis NV (NYSE:STLA) has launched its first venture capital fund, Stellantis Ventures. The fund will initially invest €300 million in startup companies focused on innovation in the automotive and mobility sector. Stellantis Ventures will act as a strategic investor and help startups integrate new technologies within the company in shortened timeframes. “We are…

Benzinga

Stellantis CEO Looks To Catch Up With Tesla In Coming Years

Stellantis NV (NYSE:STLA) CEO Carlos Tavares sees his company catching up with EV pioneer Tesla Inc (NASDAQ:TSLA) in the coming years, Reuters reports from Mobility TV World session. He sees the competition benefitting the consumers. Also Read: Stellantis CEO Says Company Being 'Forced' To Make Electric Vehicles, Stellantis, Samsung SDI Collaborate To Produce EV Battery For North…

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Benzinga

Russia-Ukraine Crisis Could Dampen EV Ambitions Of Tesla, Ford And Others: FT

Russia's attack on Ukraine has highlighted concerns about oil dependency and petrol prices just as EV manufacturers look to deliver a wide range of greener cars, Financial Times reports. Ukraine is a significant producer of the miles of cables and connectors that power many cars' electrical systems. Russia's importance as the…

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Ford Motor or Stellantis, Which Auto Manufacturer is a Better Buy?

Automobile manufacturing had been suffering due to a global semiconductor shortage and pandemic-related supply chain disruptions. However, the sector is expected to rise amidst high pent-up demand for automobiles. Ford Motor (F) and Stellantis (STLA) are two prominent auto manufacturers. But which of these two stocks is a better buy?…

Benzinga

Stellantis Divulges Its EV Ambitions

Stellantis NV (NYSE: STLA) looks to dou

Benzinga

Stellantis Registers 14% Pro Forma Revenue Growth In FY21

Stellantis NV (NYSE:STLA) reported FY21 Pro Forma sales growth of 14% year-on-year, to €152 billion, versus €133.9 billion the previous year. On a Pro Forma basis, North America revenue rose 15% Y/Y to €69.7 billion, South America increased 71% to €10.7 billion, Europe 5% to €59 billion, Middle East & Africa rose 9%…

Benzinga

Rumor Circulating That Floki Inu May Partner With Alfa Romeo F1; Developers Won't Comment

Rumors have started circulating that Floki Inu (CRYPTO: FLOKI) will be partnering with the Alfa Romeo Formula One team — owned by automotive giant Stellantis N.V. (NYSE: STLA) — although the

Benzinga

Stellantis Plans To Raise Stake In China JV To 75%

Stellantis NV (NYSE:STLA) plans to increase its shareholding in the joint venture GAC-Stellantis to 75% from 50%. The financial terms were not disclosed. GAC-Stellantis is a joint venture formed between China Guangzhou Automobile Group Co., Ltd. (GAC Group) and Stellantis in March 2010. The move comes as a part of Stellantis' plan to…

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