Weekly Report (August 25-31, 2023) on the Second Tranche of Stellantis Share Buyback Program

Tests confirm 24 Stellantis (STLA) engine types can run on e-fuels

On Tuesday, Stellantis (NYSE: STLA), the parent company of Chrysler, revealed that they have conducted tests demonstrating that 24 different internal combustion engines installed in European vehicles manufactured by the company since 2014 are capable of utilizing advanced e-fuels without any modifications.

According to a Stellantis... More

German Chancellor reveals plans for EV expansion law at IAA Munich

German Chancellor, Olaf Scholz took a tour of this years IAA car show in Munich on Tuesday where he revealed a groundbreaking initiative to expand the electric vehicle industry in his country.

In his address, he praised the German car industry's dedication to electrification while expressing his disapproval of ongoing protests. Scholz announced a new law, expected in the coming weeks, designed to significantly increase the number of electric vehicle charging stations across the country.

Under... More

Renault CEO says Ampere IPO value could reach $10 Billion

According to CEO Luca de Meol, Renault's Ampere electric vehicle division, set to go public through an initial public offering (IPO), might attain a valuation of around 10 billion euros ($10.8 billion).

During an interview with the Financial Times at the Munich IAA car show on Monday, De Meo suggested that Ampere's market worth could range... More

Stellantis' (STLA) Opal plans to launch low-cost EV by 2026

Opel Auto, a German brand owned by Stellantis (NYSE: STLA), spoke on Monday of its aim to introduce an all-electric vehicle priced at approximately 25,000 euros ($26,967) without factoring in incentives, with a target launch around 2026.

Opel/Vauxhall CEO Florian Huettl made a... More