STLAM.MI - Stellantis N.V.
| Previous close | 14.47 |
| Open | 14.62 |
| Bid | 14.70 x N/A |
| Ask | 14.80 x N/A |
| Day's range | 14.39 - 14.84 |
| 52-week range | 11.16 - 17.79 |
| Volume | |
| Avg. volume | 11,397,582 |
| Market cap | 46.167B |
| Beta (5Y monthly) | 1.24 |
| PE ratio (TTM) | 2.73 |
| EPS (TTM) | 5.42 |
| Earnings date | 26 Jul 2023 |
| Forward dividend & yield | 1.34 (9.26%) |
| Ex-dividend date | 24 Apr 2023 |
| 1y target est | 20.50 |
ReutersStellantis invests in US start-up Lyten to develop lithium-sulfur batteries
Stellantis has invested in Lyten to help the U.S. startup develop applications for lithium-sulfur EV batteries, lightweight composites and on-board sensing solutions, the two companies said on Thursday. The investment, through Stellantis' venture capital arm Stellantis Ventures, aims to help the world's third largest carmaker by sales simplify its supply chain and pursue greener technology for its battery-electric vehicles (EVs). Unlike traditional lithium-ion batteries, lithium-sulfur batteries developed by Lyten do not use nickel, cobalt, or manganese, resulting in an estimated 60% lower carbon footprint than current batteries, the companies said in a statement.
ReutersUK car output up 9.9% y-o-y in April as supply chain issues ease
European Union remained a top market with more than half of all exports to the region, while electric vehicle volumes were well over a third of total car output, the Society of Motor Manufacturers and Traders (SMMT) said. A total of 66,527 cars rolled out of factory gates last month, 5,973 more than in April last year, SMMT said, logging the third consecutive month of production growth.
ReutersStellantis may ship fewer gas-powered vehicles to US states with strict emissions rules
WASHINGTON (Reuters) -Chrysler-parent Stellantis said on Wednesday it may limit shipments of gasoline-powered vehicles to dealers in states that have adopted California's strict emissions rules. In a communication to dealers seen by Reuters, the Italian-American automaker said to meet the California emissions rules "we may be compelled to allocate fewer conventional gasoline engine vehicles to California states" and more to other states that have not adopted the rules. The Stellantis memo noted 13 other states currently have greenhouse standards identical to the California standards and four more will be adopting California standards for future model years.
The TelegraphBritain to win race for Jaguar Land Rover gigafactory
Britain is set to beat Spain in the race to host Jaguar Land Rover’s gigafactory, handing a significant boost to the UK auto industry.
The TelegraphThe Ferrari family drama tearing apart Italy’s carmaking royalty
As the end of Succession nears, another billionaire power struggle is playing out in Italy.
ZacksThe Zacks Analyst Blog Highlights Li Auto, Stellantis, General Motors, Lightning eMotors and Canoo
Li Auto, Stellantis, General Motors, Lightning eMotors and Canoo are included in this Analyst Blog.
ZacksHow Much Upside is Left in Stellantis (STLA)? Wall Street Analysts Think 29.2%
The consensus price target hints at a 29.2% upside potential for Stellantis (STLA). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
- Investing.com
Stellantis: Bernstein signals potential upside, but beware of macro risks
Investing.com - Stellantis (NYSE:STLA) can offer a 7% premium compared to current prices according to Bernstein analysts, who have a Market Perform rating on the Italian-French automaker with a target price of 17 euros.
- Investing.com
Elon Musk open to advertising, Stellantis stalemate: This week in EVs
Investing.com -- Here is your weekly Pro Recap of the past week's biggest headlines in the electric vehicle space: a Stellantis stalemate; Musk signals openness to advertising; NIO goes nuclear; a new EV tax in Texas.
The GuardianBrexit has wrecked Britain’s car industry, but so have the Tories
As carmakers warn that London must renegotiate its deal with Brussels, a lack of government policy is also plaguing the sector
The TelegraphJaguar Land Rover owner stokes gigafactory bidding war between Spain and UK
The owner of Jaguar Land Rover is pressing Madrid to increase a €350m (£300m) subsidy offer as it prepares to announce whether its new battery gigafactory will be built in Spain or Britain.
Yahoo FinanceToyota overhauls best-selling Tacoma pickup as competition ramps up
The Toyota Tacoma, the mid-size pickup king here in the US, is getting a total redesign and will be all new for the 2024 model year. The current-gen Tacoma, which has been out since 2015 and very similar to its predecessor that debuted in 2003, is nearly 20 years old - an astoundingly long period in an automotive world where cars and trucks are generally given a 7-year lifecycle. The fact that the Tacoma was so popular for so long is a testament to its strength in the segment.
ReutersOntario to offer more money for Stellantis to resume battery plant
TORONTO (Reuters) -The Ontario government on Friday offered to increase financial support for carmaker Stellantis's battery plant in the province, a move Canada's industry minister proclaimed a sign of progress in ending a stalemate over the stalled project. Stellantis on Monday stopped construction at a C$5 billion ($3.7 billion) electric-vehicle battery plant in Canada, which is being built in partnership with South Korea's LG Energy Solution (LGES), saying Canada had not fulfilled promises. Stellantis and LGES announced their battery plant investment in March last year, but tensions emerged when the United States in August passed the Inflation Reduction Act (IRA), a massive package of clean-tech incentives for companies.
The Guardian‘We’re going all in’: how France raced ahead of UK on electric car batteries
State subsidies and industry backing pull in foreign investment as country creates ‘Battery Valley’
ReutersFerrari boss pitted against his mother in Agnelli inheritance drama
A court in Turin is set to rule in the coming weeks on an inheritance dispute dividing the Agnelli family, the founders of the Fiat car company and arguably the best known of Italy's business dynasties. The case stems from the estate of Gianni Agnelli, the celebrated Fiat boss who was a symbol of Italy's post-war economic boom and died two decades ago. It pits Agnelli's daughter Margherita, who inherited 1.2 billion euros ($1.3 billion), against three of her eight children including her eldest, John Elkann, the chairman of Ferrari and carmaker Stellantis.
Yahoo FinanceTesla would be 'lucky' to keep Cybertruck price at $75,000, MotorTrend CEO says
New data from enthusiast motor magazine, TV network, and car shopping site MotorTrend finds that electric vehicles are hot on their users’ buying lists. And one upcoming EV pickup truck could be the most polarizing.
The GuardianRishi Sunak says UK in talks with EU to allay carmakers’ Brexit concerns
PM’s comments come after Germany’s automotive industry joined calls for extension to trade deadline
The GuardianJeep maker Stellantis demands billions to keep battery plant in Canada
World’s fourth biggest carmaker threatens to move production to US unless government matches incentives offered to Volkswagen
- Financial Times
Labour’s gamble on building on greenbelt
Also in this newsletter, Stellantis’s post-Brexit woes offer way of thinking about EU-UK relations under a Starmer-led government
The TelegraphWorking from the office must be the 'default', says Hunt
Jeremy Hunt has warned that Britain’s businesses face a creativity crisis unless working from the office once again becomes the “default”
The TelegraphBrussels tariffs are endangering net zero, carmakers warn
European car makers are demanding a delay to the introduction of post-Brexit tariffs on electric vehicles amid fears that the plans threaten the switch to net zero.
The GuardianVauxhall owner probably isn’t blameless, but UK needs to switch on to the car crisis
Stellantis may be premature in saying Brexit deal will force closures, but government needs a serious policy
- Financial Times
Carmakers echo Stellantis call to delay EU rules on electric vehicles
Also in this newsletter: global warming fears, UK ‘in wage price spiral’, building your personal brand
The GuardianFord, Vauxhall owner and JLR call for UK to renegotiate Brexit deal
Carmakers call on Britain to change rules on batteries that they say threaten electric vehicle production