Stellantis shares are trading higher amid volatility in auto stocks due to the UAW strikes. Additionally, the company and Samsung SDI disclosed Kokomo, Indiana, as the second site for the electric vehicle battery manufacturing facility in the US.
Portfolio Pulse from Bill Haddad
Stellantis shares are trading higher amid volatility in auto stocks due to the UAW strikes. The company and Samsung SDI have disclosed Kokomo, Indiana, as the second site for their electric vehicle battery manufacturing facility in the US.
October 11, 2023 | 7:55 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Stellantis shares are trading higher amid auto stock volatility due to UAW strikes. The company has also announced a second US site for EV battery production with Samsung SDI.
Stellantis shares are trading higher, which is likely due to the announcement of a second US site for EV battery production, a positive development for the company. However, the ongoing UAW strikes and resulting volatility in auto stocks could impact the stock's performance in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100