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STLA

Stellantis N.V.

https://www.stellantis.com

Industry

Auto - Manufacturers

Stellantis N.V. engages in the design, engineering, manufacturing, distribution, and sale of automobiles and light commercial vehicles, engines, transmission systems, metallurgical products, and production systems worldwide. It provides luxury, premium, and mainstream passenger vehicles; pickup trucks, sport utility vehicles, and commercial vehicles; and parts and services, as well as retail and dealer financing, leasing, and rental services. The company offers its products under the Abarth, Alfa Romeo, Chrysler, Citroën, DS, Dodge, Fiat, Fiat Professional, Jeep, Maserati, Ram, Opel, Lancia, Vauxhall, Peugeot, Teksid, and Comau brand names. It sells its products directly, as well as through distributors and dealers. Stellantis N.V. was founded in 1899 and is headquartered in Hoofddorp, the Netherlands.

Open

13.39

Mkt cap

38B

Volume

5.9M

High

13.47

P/E Ratio

2.90

52-wk high

29.51

Low

13.32

Div yield

0.12

52-wk low

12.74

Stellantis NV (NYSE:STLA) responded to criticism from the U.S. Stellantis National Dealer Council regarding alleged 'short-term decision-making' by CEO Carlos Tavares. The company defended its strategy, citing recent sales improvements and inventory reductions. Despite a challenging first half of 2024 with a 48% drop in net profit, Stellantis plans significant investments in Michigan facilities for future growth.

Portfolio Pulse from Anan Ashraf

September 12, 2024 | 9:28 am

Stellantis NV is investing over $406 million in Michigan facilities to support its multi-energy strategy, including electric and internal combustion engine models. This move is part of Stellantis' Dare Forward 2030 plan and aims to revitalize its North American operations amid challenges like a major vehicle recall and safety investigations.

Portfolio Pulse from Benzinga Neuro

September 11, 2024 | 12:54 pm

Stellantis is investing over $406 million in three Michigan facilities to support its multi-energy strategy, with the Sterling Heights Assembly Plant set to be the first U.S. plant to build a fully electric vehicle.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 12:10 pm

Stellantis N.V. (NYSE:STLA) has announced a recall of 1.46 million vehicles globally due to a software flaw affecting the electronic stability control system. The recall includes 1.23 million Ram 1500 trucks in the U.S. and other vehicles in Canada, Mexico, and elsewhere. Despite the recall, STLA shares are trading higher.

Portfolio Pulse from Lekha Gupta

September 09, 2024 | 3:47 pm

The U.S. is investigating reports that 2021-2023 Jeep Wrangler and Gladiator vehicles may catch fire after the engines are turned off. This investigation could impact Stellantis, the parent company of Jeep.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 1:47 pm

The U.S. National Highway Traffic Safety Administration (NHTSA) is investigating 781,459 Stellantis vehicles, including Jeep Wrangler and Gladiator models, for potential fire hazards. The probe follows a recall of over 1.2 million Ram 1500 vehicles due to software issues. The investigation focuses on fires occurring when the ignition is off, with reports indicating the power steering pump electrical connector as a potential source.

Portfolio Pulse from Benzinga Neuro

September 09, 2024 | 11:58 am

Stellantis plans to launch two hybrid-flex vehicles in Brazil this year and announces a $385 million investment in its Argentinian complex in Cordoba.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 5:25 pm

Jeep has temporarily halted production of its Wrangler and Grand Cherokee models due to high inventory levels and sluggish sales. Stellantis, Jeep's parent company, confirmed the production adjustments at its Detroit and Toledo plants. The company faces high inventory levels, declining sales, and dealer complaints, leading to a 21% drop in sales during the first half of the year. Stellantis is considering trimming production and reducing prices to clear excess inventory.

Portfolio Pulse from Benzinga Neuro

September 05, 2024 | 5:51 am

Stellantis has expressed interest in North American brands while reaffirming its commitment to its entire portfolio. This indicates potential strategic moves in the North American market.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2024 | 2:16 pm

Stellantis has announced that it is not planning to split off any of its brands, countering any speculation about potential brand divestitures.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2024 | 2:15 pm

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