Streetbeat News

Corporate Responsibility

STLA

Stellantis Ventures, the corporate venture fund of Stellantis NV, has invested in 10 startups and one mobility venture fund to support its Dare Forward 2030 strategic plan. The plan aims to cut CO2 emissions in half by 2030, achieve carbon net zero by 2038, and increase BEV sales in Europe and the US.

Portfolio Pulse from Shivani Kumaresan

June 15, 2023 | 4:29 pm

GM

GM's CFO stated at the Deutsche Bank Conference that the company needs to be cautious about expanding too quickly in the electric vehicle market. He highlighted the opportunity in China with the new Cadillac Lyriq and mentioned that the Ultium battery plant in Ohio and the Spring Hill battery plant construction are progressing well.

Portfolio Pulse from Benzinga Newsdesk

June 15, 2023 | 4:19 pm

MDLZ

Mondelez plans to make its Russia operations self-sufficient and reduce activities, expecting further volume and sales declines. The company aims to have a stand-alone Russia business with a self-sufficient supply chain before the end of the year.

Portfolio Pulse from Benzinga Newsdesk

June 15, 2023 | 3:59 pm

MDLZ

Mondelez International has announced that it is scaling down its activities in Russia, discontinuing new capital investments, product launches, and advertising media spending in the country.

Portfolio Pulse from Benzinga Newsdesk

June 15, 2023 | 3:58 pm

UBER

Uber Technologies plans to shut down its food delivery business in Italy and exit Israel due to insufficient market share. The move aligns with the company's focus on sustainable growth and CEO Dara Khosrowshahi's strategy to invest only in markets where Uber can be the largest or second largest player.

Portfolio Pulse from Nabaparna Bhattacharya

June 15, 2023 | 3:29 pm

LEN

Lennar Corp's executive stated that supply chain chaos has normalized, but inventories remain low and housing supply across the US is in limited supply.

Portfolio Pulse from Benzinga Newsdesk

June 15, 2023 | 3:14 pm

F

FXI

Ford Motor's CFO, John Lawler, announced that the company is restructuring its operations in China, focusing primarily on commercial vehicles. This move is part of Ford's ongoing efforts to improve its performance in the Chinese market.

Portfolio Pulse from Benzinga Newsdesk

June 15, 2023 | 2:29 pm

F

Ford Motor CFO states that GigaCasting technology offers a significantly lower cost opportunity for the company, as they explore options for second-generation electric vehicles (EVs).

Portfolio Pulse from Benzinga Newsdesk

June 15, 2023 | 2:24 pm

F

SPY

Ford Motor's CFO announced plans to reduce battery costs by focusing on optimizing the size of batteries for each vehicle.

Portfolio Pulse from Benzinga Newsdesk

June 15, 2023 | 2:03 pm

F

Ford Motor's CFO revealed that the company is analyzing connected data from vehicles to determine if consumers are using or valuing certain features, and may remove them if deemed unnecessary.

Portfolio Pulse from Benzinga Newsdesk

June 15, 2023 | 2:00 pm