|Bid||13.70 x N/A|
|Ask||13.80 x N/A|
|Day's range||13.57 - 14.16|
|52-week range||11.16 - 19.35|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||2.87|
|Earnings date||20 Feb 2023 - 07 Mar 2023|
|Forward dividend & yield||1.04 (7.20%)|
|Ex-dividend date||19 Apr 2022|
|1y target est||18.33|
WASHINGTON/DETROIT (Reuters) -Chrysler parent Stellantis on Friday said it will indefinitely halt operations at an assembly plant in Illinois in February, citing the rising costs of electric vehicle production. The automaker, which employs about 1,350 workers at the Belvidere, Illinois, plant that builds the Jeep Cherokee SUV, said the action will result in indefinite layoffs and added it may not resume operations as it considers other options. Stellantis said the industry "has been adversely affected by a multitude of factors like the ongoing COVID-19 pandemic and the global microchip shortage, but the most impactful challenge is the increasing cost related to the electrification of the automotive market."
While Ford (F) plans to invest an additional $180 million in its Halewood EV powertrain facility, General Motors (GM), in collaboration with LG Energy, will invest another $275 million in the battery plant in Tennessee.
Stellantis (STLA) and Qinomic partner for sustainable electric retrofitting solutions for LCVs. STLA CEO will launch the Ram 1500 BEV Concept and Peugeot Inception Concept at the CES event in 2023.