Chinese EV maker Leapmotor has started selling two electric vehicle models at Stellantis dealerships in Britain via its joint venture with the world's No. 4 automaker, it said on Wednesday.
Automaker Stellantis is investing 38 million euros ($41 million) in its Verrone plant in Northern Italy to manufacture parts for electric engines for its upcoming small-size models, it said on Monday.
Stellantis and Iveco said on Friday they have agreed for the automaker to supply the Italian truckmaker two fully-electric (EV) van models, helping Iveco further expand its EV van range in Europe.
Stellantis remains a HOLD due to its low valuation and strong balance sheet, despite ongoing management and shareholder conflicts stalling a turnaround. Q4 results show negative net income and cash flow, highlighting Stellantis' "autopilot mode" and lack of a clear turnaround plan. I still find value in its $36B cash and 4.4 P/E, a bargain among peers, though $15B in cash burn over six quarters raises concerns.
Stellantis-owned Maserati has cancelled plans for an electric version of its MC20 sports car because of expected poor demand, the struggling luxury carmaker said on Tuesday.
Eurig Druce, group managing director at Stellantis UK, discusses U.S. tariffs and vehicle demand trends.
Stellantis is thanking the Trump administration for giving it a one-month exemption from tariffs on Canada and Mexico, saying it aims to build more cars in the U.S.
Automaker Stellantis said on Thursday it shared U.S. President Donald Trump's goal of building more cars in the United States, as it thanked him for granting a one-month exemption from tariffs on Canada and Mexico.
Stellantis share price remains on edge, and is at risk of further downward momentum as its growth and profits slow and its exposure to the United States remain. STLA stock was trading at $12.90 in New York, down by over 53% from its lowest level in 2023.
Stellantis has told its U.S. dealers the 25% tariffs on products from Mexico and Canada will put the carmaker at a disadvantage against its Asian and European peers, an email sent to its retailers showed on Tuesday.
Stellantis NV has seen its share price target cut by Citi analysts on lingering “risks” at the car maker. Vauxhall, Dodge and Fiat owner Stellantis last week unveiled a 70% slump in profit for 2024 to €5.5 billion ($5.7 billion), on a 17% drop in sales revenue to €156.9 billion.
Automaker Stellantis said on Tuesday it welcomed the European Commission's announcement that it would propose a softening of the bloc's carbon emission targets for cars.