Streetbeat News

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

14.19

Mkt cap

40B

Volume

6.3M

High

14.22

P/E Ratio

2.96

52-wk high

29.51

Low

13.96

Div yield

0.12

52-wk low

12.74

China's Leapmotor has partnered with Stellantis N.V. (NYSE:STLA) to produce small electric vehicles in Poland, utilizing the semi-knocked down technique. This strategic move aims to expand into the European market and is supported by Stellantis' acquisition of a 21% stake in Leapmotor. The production will begin in the second quarter of this year at Stellantis' facility in Tychy. Additionally, Stellantis has exclusive rights to manufacture, export, and distribute Leapmotor products outside China, following regulatory approval for their joint venture.

Portfolio Pulse from Shivani Kumaresan

March 22, 2024 | 4:03 pm

Stellantis is conducting its third round of layoffs in the U.S. within a year, affecting 400 employees. Meetings were held to inform the affected workers, according to sources and internal documents.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 3:57 pm

Stellantis announced a recall due to certain vehicles possibly being equipped with Sabic inflators that had moisture introduced during manufacturing. The company stated it is unaware of any related injuries or accidents. The inflators in question do not use the same propellant or design as the previously recalled Takata air bags. The defect is estimated to exist in less than 1% of the recall population.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 3:11 pm

Reuters has reported that China's LeapMotor is set to begin production of a small electric car at the Stellantis plant in Poland, according to sources. This move marks a significant step for LeapMotor in expanding its manufacturing capabilities and presence in the European market, leveraging Stellantis' established facilities.

Portfolio Pulse from Charles Gross

March 22, 2024 | 11:39 am

Stellantis N.V. (NYSE:STLA) has invested in SteerLight, a developer of advanced LiDAR technology, through its corporate venture fund, Stellantis Ventures. This new LiDAR technology offers higher resolution, precision, and lower production costs than existing systems, aiming to enhance ADAS in future Stellantis vehicles. SteerLight's technology, a spinoff from CEA-Leti, utilizes FMCW LiDAR based on silicon photonics, providing accurate depth and velocity data while resisting environmental interference.

Portfolio Pulse from Shivani Kumaresan

March 20, 2024 | 10:00 am

Stellantis Ventures has invested in SteerLight, a developer of innovative, cost-effective LiDAR technology for advanced driver assistance systems (ADAS). SteerLight's on-chip LiDAR offers exceptional sensing precision and resolution, making it a compact and affordable solution that aligns with Stellantis' Dare Forward 2030 strategic plan for clean, safe, and affordable mobility.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 7:07 am

Stellantis has partnered with the California Air Resources Board to reduce carbon emissions, aiming to avoid 10M-12M metric tons of greenhouse gases in the US. This partnership aligns with Stellantis' goal to be carbon net zero by 2038.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 9:02 pm

California Governor Newsom announced an agreement with Stellantis on vehicle emissions, where Stellantis agrees not to oppose California's authority under the Clean Air Act for its greenhouse gas and zero-emission standards.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 8:45 pm

SFS UK 1 LTD. has acquired 1.5 million shares of Archer Aviation (ACHR) common stock at a price of $5.09 per share, according to a recent Form 4 filing with the SEC.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 8:52 pm

Piper Sandler analyst Alexander Potter initiated coverage on five automotive stocks, favoring Stellantis NV (STLA) with an Overweight rating and a $39 price target. Ford (F) and General Motors (GM) received Neutral ratings with price targets of $13 and $44, respectively. BorgWarner (BWA) was also rated Overweight with a $43 target, while Mobileye (MBLY) was given a Neutral rating and a $31 target. Potter's analysis reflects a shift towards electric vehicles (EVs), highlighting Stellantis' strong position despite EV market pressures and BorgWarner's alignment with the EV transition. Ford and GM face challenges in the EV transition, potentially impacting their margins.

Portfolio Pulse from Chris Katje

March 15, 2024 | 5:33 pm

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