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STLA
24.86
-0.40%
-0.10
To Lower Or Not? EV Pricing Dilemma Hampers Ford's Profitability, Warns Analyst
Global Autos Analyst Tom Narayan expressed concerns over the decreasing prices of electric vehicles. Narayan says the pricing for EVs seems to be on a downward trend. This could pose a challenge for automakers like Ford Motor Company to achieve profitability in the EV sector. He says EV profitability will be tough to achieve for automakers.
Benzinga · 1h ago
Italy - Factors to watch on April 25
Part of Turin's Mirafiori plant that produces car bodies will stop working in May, reports say. STELLANTIS STLAMI.MI lowers full-year sales guidance after posting lower-than-expected first-quarter results. ENI ENI.MI signs partnership with HP to sponsor Ferrari's motor racing team. MONC.MI posts 16% rise in first quarter sales.
Reuters · 6h ago
Delta Air Lines: Positives Outweigh The Risks
Delta Air Lines has seen a robust price rise year-to-date after a 22% price rise in 2023. The company has seen healthy revenue growth and profits, but there are risks ahead. The travel industry recovery, higher interest rates and higher costs due to labor action are positives for Delta.
Seeking Alpha · 13h ago
NVDA Stock: Nvidia Is Making a $700 Million Bet on This AI Startup
Nvidia (NASDAQ:NVDA) announced its acquisition of Run:ai. The company is a workload management and orchestration software provider that operates on Kubernetes. Nvidia stock is up 1% as of Wednesday morning. Amesite, Tesla (TSLA) and Stellantis (STLA) are also in the news on Wednesday.
Investorplace · 19h ago
Stellantis Layoffs 2024: What to Know About the Latest Jeep Job Cuts
Stellantis laid off 199 assembly workers at a Jeep plant represented by the United Auto Workers. The European car giant blames the layoffs on a changing auto market and the costs of transitioning to electric vehicles. Stellantis has a much closer competitive relationship with Chinese companies than Ford or GM.
Investorplace · 21h ago
GM CEO Barra compensation fell 4% in 2023 to $27.8 million
GM CEO Barra compensation fell 4% in 2023 to $27.8 million. The largest U.S. Automaker also said GM President Mark Reuss' total compensation rose to just under $18 million. In contract talks last year, the compensation of the Detroit Three automakers was criticized.
Reuters · 22h ago
Analysts’ Opinions Are Mixed on These Consumer Cyclical Stocks: Stellantis (STLA) and Bayerische Motoren Werke Aktiengesellschaft (OtherBAMXF)
Analysts maintain Buy ratings on Stellantis and Bayerische Motoren Werke Aktiengesellschaft. The Consumer Cyclical sector has received a lot of coverage today. Kepler Capital analyst Thomas Besson maintained a Buy rating on the stock. The company's shares closed at $24.96.
TipRanks · 1d ago
UAW moving quickly after VW organizing win, union president says
UAW moving quickly after VW organizing win, union president says. The UAW has targeted organizing the U.S. Plants of 14 automakers, setting aside $40 million for the effort. The union clinched a historic victory at a Volkswagen plant in Tennessee on Friday. The bigger targets are Toyota and Tesla, the union says.
Reuters · 1d ago
Stellantis to Cut Indefinite Number of U.S. Jobs to Improve Productivity
Stellantis is planning to cut an undisclosed number of jobs in the U.S. The carmaker said it plans an indefinite number of layoffs in the coming months. The company is laying off 199 full-time employees at its Sterling Heights Assembly Plant in Detroit. Stellantis says the decision is part of a review into the business to improve productivity.
Dow Jones · 1d ago
Rev Up Your Portfolio With This Auto Stock
Ford's commercial division, Ford Pro, is the company's biggest and most profitable growth engine. The company's Model T was the start of the U.S. Automobile industry. Ford is a leader in the field of electric vehicles. The Model T is the inspiration for Ford's "Model e"
Barchart · 1d ago
Ford Doesn't Have a Ferrari Division, but Ford Pro Could Be a Stock Catalyst
Ford's commercial business Ford Pro is a new source of sales and earnings for the auto maker. In 2023, Pro sold 1.4 million vehicles and generated an operating profit of $7.2 billion. Ford Pro's success highlights the growing benefits of vehicle connectivity and software. The bigger Ford Pro grows, the harder it will be to ignore.
Barron‘s · 1d ago
Automotive Seating Maker Adient To Slash Jobs In Europe
Adient PLC has put forward restructuring plans in Europe to reduce operating, administrative and engineering costs. The company supplies seats to major automakers in the European automotive market. Adient's restructuring is expected to result in an annual operating cost reduction of $60 million. The plan includes workforce reductions and the transfer of work to countries with lower labor costs.
Benzinga · 1d ago
UPDATE 4-General Motors results beat targets, forecast raised, shares jump
General Motors results beat targets, forecast raised, shares jump 4.4%. Automaker posts quarterly results that topped Wall Street targets. GM says stable pricing and demand for gasoline-engine vehicles pleased investors. The company raises its annual profit forecast for the year to $12.5 billion to $14.5 bn. GM still faces challenges in China and its robotaxi unit.
Reuters · 1d ago
UPDATE 3-General Motors beats quarterly results targets, raises forecast
General Motors posts quarterly results that beat Wall Street targets, raises annual forecast. The automaker reports strong demand for gas-engine vehicles. GM shares up 5% in after-hours trading. The company raised its profit forecast for the year to $12.5 billion to $14.5 bn. GM's sales in China are faltering.
Reuters · 1d ago
Ford Stock Soared for 1 Big Reason and 3 Smaller Ones
Ford Motor stock closed up 6.1% on Monday. Labor looks to be the largest reason for the jump. Volkswagen workers in Tennessee voted to join the United Auto Workers this past week. The market, traders, and labor could also be behind the jump in shares of the U.S. Auto maker.
Barron‘s · 2d ago
Ford Stock Is Soaring for 1 Big Reason and 3 Smaller Ones
Ford Motor shares are up 5.5% on Monday. Labor looks to be the largest reason for the jump. Volkswagen workers in Tennessee voted to join the United Auto Workers this past week. The market, traders, and labor are also factors in the rise. Both Ford and GM report earnings soon.
Barron‘s · 2d ago
Honda to build electric vehicles and batteries in Ontario, says source
Honda to build electric vehicles and batteries in Ontario, says source. Honda will build batteries, process the cathode materials for the batteries and also assemble electric vehicles. The deal is worth billions of dollars, source says. Canada has wooed companies involved in all parts of the EV supply chain.
Reuters · 2d ago
Relative Strength Alert For Stellantis
NASDAQ · 2d ago
EU's 2050 net zero goals at risk as EV rollout faces setbacks
EU to rethink its policies to make a 2035 ban on petrol car sales feasible. EU's 2050 zero goals at risk as electric vehicles remain unaffordable. The bloc wants to achieve zero emissions by 2050. High EV production costs in Europe means the bloc will have to rely on cheap imports.
Reuters · 2d ago
Stellantis N.V. Advances Share Buyback Program
TipRanks · 2d ago
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About STLA
Stellantis N.V., formerly Fiat Chrysler Automobiles N.V., is a holding Company based in the Netherlands and operates as an automaker and a mobility provider. The Company is engaged in designing, engineering, manufacturing, distributing and selling vehicles, components and production systems. The Company has industrial operations in more than 30 countries and sells its vehicles directly or through distributors and dealers in more than 130 countries. The Company designs, manufactures, distributes and sells vehicles for the mass-market under the Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Lancia and Ram brands. In addition, the Company designs, manufactures, distributes and sells luxury vehicles under the Maserati brand. The Company's brand portfolio also includes Peugeot, Citroen, DS Automobiles, Opel and Vauxhall. It offers a wide variety of vehicle choices from luxury and mainstream passenger vehicles to pickup trucks, sport utility vehicle (SUVs).