Stellantis N.V. is a multinational automotive manufacturer formed through the merger of Fiat Chrysler Automobiles and PSA Group. The company designs, engineers, manufactures, and sells a diverse portfolio of vehicles across multiple brands, including well-known names such as Jeep, Ram, Peugeot, Citroën, and Fiat. Stellantis aims to deliver innovative and sustainable mobility solutions while catering to a wide range of customer preferences and market segments worldwide, focusing on electric vehicles, advanced technologies, and connectivity in the automotive industry.
Former Stellantis executive Tim Kuniskis is reportedly returning to the company to lead its Ram Trucks brand merely days after Carlos Tavares resigned as company CEO.
The eVTOL space is taking off, with Archer Aviation leading the pack—investors should also watch rival Joby to see who reaches commercialization first.
The U.S. stock market posted another week of strong performance, with major large-cap indices such as the S&P 500, the Dow Jones and the Nasdaq 100 extending their record highs.
Automaker Stellantis NV said on Thursday that it has entered into an agreement with U.S.-based Zeta Energy Corp to develop cheaper lithium-sulfur batteries to be deployed in electric vehicles by 2030.
STLA stock is down more than 2% after the resignation of CEO Carlos Tavares, and the company's inventory problems are likely to dampen investor interest
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Vivek Ramaswamy, co-leader of the Department of Government Efficiency, has ramped up criticism of the Biden administration's electric vehicle loans, targeting a $7.5 billion loan to StarPlus Energy, a joint venture with Stellantis, days after questioning a $6.6 billion loan to Rivian.
Wall Street started the week and the final month of the year on a mixed note, as a tech-driven rally clashed with broader market weakness. Mega-cap tech stocks and semiconductors led gains, driving the Nasdaq 100 to retest its all-time high of 21,180 points, last reached on Nov. 11, 2024.
Stellantis struggles in 2024, with stock down 47%, CEO Carlos Tavares' unexpected resignation and challenges in EV sales and competition. Analysts warn of leadership uncertainty and internal/external pressures.
