Stellantis Announces Design Leadership Changes
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No need for Italy to directly invest in Stellantis (STLA), says Minister Giorgetti
June 5, 2023 11:58 AM EDTItalys Economy Minister, Giancarlo Giorgetti told reporters Monday that the Italian government has no need to directly invest in automaker Stellantis (NYSE: STLA), mirroring a statement made last week by the companys chairman John Elkann.
When reporters asked whether Rome... More
Stellantis (STLA) and Galloo look to form joint venture for ELV recycling
June 5, 2023 11:23 AM EDTMultinational automaker Stellantis (NYSE: STLA), alongside leading metals recycler Galloo revealed Monday, that the two companies have signed a Memorandum of Understanding to enter into exclusive negotiations to form a joint venture with a focus on End-of-Life Vehicle (ELV) recycling as part of the automakers continued commitment to build its circular economy activities.
The collaboration will work with selected Authorized Treatment Facilities to collect the... More
Stellantis (STLA) and General Motors (GM) hit with $363M in penalties for fuel economy violations
June 2, 2023 11:44 AM EDTAn exclusive story by Reuters on Friday revealed that Stellantis (NYSE: STLA) and General Motors (NYSE: GM) have paid a combined sum of $363 million in civil penalties. These penalties were imposed due to their failure to meet the fuel economy standards set by the United States for previous model years.
According to the National Highway Traffic Safety Administration (NHTSA), which administers the Corporate Average Fuel Economy (CAFE) program, the record-setting penalties include... More
Stellantis (STLA) does not need Italy as a shareholder, says Chairman Elkann
June 1, 2023 1:31 PM EDTOn Thursday, John Elkann, the Chairman of Stellantis (NYSE: STLA), responded to business lobbyists' calls for Italy to invest directly in the company. Elkann made it clear that Stellantis is doing well and doesn't need the Italian government to become a shareholder.
"I... More
Stellantis (STLA) will invest $176M in Rennes Plant for electric SUV launch
June 1, 2023 11:19 AM EDTChrysler, Dodge parent company, Stellantis (NYSE: STLA) revealed on Thursday that the Franco-Italian-American car manufacturer will invest 160 million euros ($176.13 million) at its Rennes plant to launch a 100% electric compact Sports Utility Vehicle (SUV) in 2025.
The automaker said in a... More
