Stellantis Electrification Transition in Full Swing with First ACC Battery Gigafactory Inaugurated in France
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Stellantis (STLA) does not need Italy as a shareholder, says Chairman Elkann
June 1, 2023 1:31 PM EDTOn Thursday, John Elkann, the Chairman of Stellantis (NYSE: STLA), responded to business lobbyists' calls for Italy to invest directly in the company. Elkann made it clear that Stellantis is doing well and doesn't need the Italian government to become a shareholder.
"I... More
Stellantis (STLA) will invest $176M in Rennes Plant for electric SUV launch
June 1, 2023 11:19 AM EDTChrysler, Dodge parent company, Stellantis (NYSE: STLA) revealed on Thursday that the Franco-Italian-American car manufacturer will invest 160 million euros ($176.13 million) at its Rennes plant to launch a 100% electric compact Sports Utility Vehicle (SUV) in 2025.
The automaker said in a... More
Stellantis (STLA) partners with Vulcan Energy for geothermal projects in France
May 31, 2023 8:20 AM EDTOn Wednesday, Stellantis (NYSE: STLAM) and Vulcan Energy Resources, a lithium supplier listed in Australia, announced a new partnership with the objective to help the decarbonization of Stellantis' operations in Europe.
In a joint statement, the two companies announced that the binding agreement covers the first phase of a project to develop new geothermal sources contributing to the energy... More
Deputy PM Freeland vows Stellantis (STLA) /LG plant will go forward
May 30, 2023 2:00 PM EDTDeputy Prime Minister Chrystia Freeland spoke in the House of Commons Monday, answering questions and providing assurances that the Stellantis (NYSE: STLA) /LG battery plant will move forward in Windsor Ontario.
The answer absolutely is yes, she said under questioning by NDP leader Jagmeet Singh. We will ensure the deal goes forward. We will ensure the jobs will... More
