Stellantis (STLA) partners with Samsung to build second U.S. EV battery plant
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Tesla (TSLA) margins hurt the EV maker says Stellantis (STLA) CEO: 'They are entering my world, the world of tight pricing'
July 26, 2023 1:20 PM EDTStellantis (NYSE: STLA) CEO, Carlos Tavares spoke during the automakers 2Q earnings call, saying the profitability of rival automaker, Tesla (NASDAQ: TSLA) is declining as the EV giant enters the world of manufacturing and competition.
"They are entering my world, the world of tight pricing, cost competitiveness,... More
Major automakers unite to form new EV charging company in the US
July 26, 2023 11:30 AM EDTA group of major automakers, including General Motors (NYSE: GM), Stellantis (NYSE: STLA), Hyundai and its Kia affiliate, Honda (NYSE: HMC), BMW and Mercedes Benz, announced Wednesday that they are forming a new company to provide electric vehicle charging in the United States.
The new charging company... More
Stellantis' (STLA) Fiat Chrysler unit loses bid to stop sale of Mahindra's Jeep lookalike in U.S.
July 21, 2023 2:48 PM EDTIn a recent development, Stellantis-owned Fiat Chrysler suffered a setback in its attempt to prevent Mahindra & Mahindra from selling the revamped Roxor off-road vehicle in the U.S.
Fiat Chrysler had alleged that the Indian automaker copied the design of its Jeep, but the Eastern District Court of... More
Stellantis (STLA) and Saft unveil new, more efficient battery prototype
July 21, 2023 9:47 AM EDTStellantis (NYSE: STLA) and battery designer, Saft on Thursday unveiled their new Intelligent Battery Integrated System (IBIS) prototype: an energy storage battery that integrates the inverter and charger functions. The unique integration creates a battery that is more efficient, which enhances battery-electric vehicle range, is smaller, more reliable, and less costly.
After four years of collaboration through modeling and simulations to develop this new battery, the 25 engineers from CNRS (French National Centre... More
Official from Stellantis' (STLA) Fiat unit pleads guilts in felony emissions probe
July 20, 2023 1:45 PM EDTAccording to the U.S. Justice Department, an executive from Stellantis-owned Fiat Chryslers U.S. business unit has confessed to a felony charge for conspiring to breach the Clean Air Act.
This plea is a consequence of a prolonged investigation by the department regarding emissions fraud related to diesel engine vehicles. The individual involved,... More
