Straits Times Index
3,306.02 +6.02 (+0.18%) S&P 500
5,464.62 -8.55 (-0.16%) Dow
39,150.33 +15.53 (+0.04%) Nasdaq
17,689.36 -32.24 (-0.18%) Bitcoin USD
64,073.89 -190.57 (-0.30%) CMC Crypto 200
1,321.82 -38.51 (-2.83%)
STLA Sep 2024 27.000 put
- Reuters
Italy's DR Automobiles fined 6 million euros over Chinese-origin cars
Based in the southern Italian region of Molise, DR assembles low-cost cars, including fully electric models, produced by the Chinese car manufacturers Chery, JAC and BAIC, using components imported from these companies. According to the AGCM, DR Automobiles misleadingly marketed cars sold under the DR and EVO brands as made in Italy products, whereas they are mostly manufactured in China, with minor finishing and assembly operations carried out in Italy.
- Fortune
Bank of America tells Detroit’s Big 3 they can’t make money in China and should just leave the hypercompetitive car market ‘as soon as they possibly can’
BoA argues GM, Ford and Stellantis either face a future of funding continued losses in China or they can redeploy resources to finally become competitive with Tesla—but they can't do both.
- Zacks
Stellantis (STLA) Recalls 1.2M Vehicles Due to Software Issue
Stellantis (STLA) recalls around 1.2 million vehicles in the United States and Canada due to a software issue that can disable rearview cameras.
