Weekly Report (October 13-19, 2023) on the Third Tranche of Stellantis Share Buyback Program
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Stellantis (STLA) to form JV with Orano to recycle EV batteries
October 24, 2023 10:13 AM EDTStellantis (NYSE: STLA) announced Tuesday the automakers plans to join with French nuclear fuels firm Orano to recycle used electric vehicle batteries and scrap from factories.
The two companies announced, in a joint statement, the signing of a memorandum of understanding, paving the way for the... More
Morgan Stanley remains Overweight on Stellantis (STLA) as UAW strikes continue to escalate
October 24, 2023 9:39 AM EDTMorgan Stanley reiterated their overweight rating on Stellantis (NYSE: STLA) with a 12-month price target of EUR20.00 amidst escalating UAW strikes that have persisted for over 5 weeks.
The union further escalated strikes on Monday, calling for an additional 6,800 members to strike at Stellantis' largest assembly plant, pausing production of the automaker's RAM 1500 pickup truck. One of the companys most profitable vehicles. The plant is... More
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
