Stellantis (STLA) option implied volatility ticks up amid UAW contract headlines
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Stellantis (STLA) unveils full range of renewed electrified vans
October 23, 2023 12:31 PM EDTStellantis (NYSE: STLA), Monday, unveiled 12 refreshed and electrified compact, mid-size, and large commercial vans as part of the automakers Pro One strategic offensive.
The vehicles were revealed for the Citroën, FIAT Professional, Opel, Peugeot, and Vauxhall brands.
The updated commercial vehicle series introduces a 2nd generation... More
Stellantis (STLA) pulls out of L.A. auto show as UAW strikes continue
October 20, 2023 2:10 PM EDTChrysler-parent, Stellantis (NYSE: STLA) announced Friday that the automaker will not be participating in this years L.A. Auto Show in an effort to reduce costs amidst the ongoing UAW Strike.
The company stated that it would be scrapping its planned... More
US EV sales skyrocket in 3Q, China expands reach
October 20, 2023 8:41 AM EDTAccording to data released by Cox Automotive, US electric vehicle (EV) sales surged by almost 50% in the 3Q compared to last year, surpassing 300,000 units sold for the first time.
The current market trajectory suggests that the US may witness the sale of over a million EV cars this year, marking a significant milestone in the transition to auto electrification. A notable shift, coupled with Tesla's (NASDAQ:... More
Stellantis (STLA) and Dongfeng to expand Chinese auto exports through asset transfer deal
October 19, 2023 2:53 PM EDTChina's Dongfeng Motor Group and Chrysler-parent Stellantis (NYSE: STLA) announced plans Thursday to boost their vehicle and component export operations through an asset sale, aiming to capitalize on the growing Chinese automotive sector.
In line with the asset transfer agreement, Dongfeng, a state-owned enterprise, will acquire land use-rights and buildings in... More
