Stellantis shares are trading lower amid overall market weakness. The company announced it formed a joint venture with Foxconn to develop chips aimed at the automotive industry vehicle platforms.
Portfolio Pulse from Benzinga Newsdesk
Stellantis shares are trading lower due to overall market weakness. The company has formed a joint venture with Foxconn to develop chips for the automotive industry vehicle platforms.

June 20, 2023 | 3:30 pm
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Stellantis shares are trading lower amid overall market weakness, despite announcing a joint venture with Foxconn to develop automotive chips.
Stellantis shares are trading lower due to overall market weakness, which is negatively impacting the stock price. However, the joint venture with Foxconn to develop automotive chips could have a positive impact on the company's long-term prospects, but the short-term impact is negative due to market conditions.
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