Stellantis (STLA) and LG Energy recruit launch team for Ontario battery factory
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Stellantis NV (STLA:IM) (STLA) PT Raised to EUR22 at Berenberg
July 31, 2023 5:46 AM EDTBerenberg analyst Adrian Yanoshik raised the price target on Stellantis NV (STLA:IM) (NYSE: STLA) to EUR22.00 (from EUR21.00) while maintaining a Buy rating.... More
Don't discount Tesla and Rivian in the EV truck race - Barclays
July 31, 2023 5:44 AM EDTBarclays analyst Dan Levy on the U.S. EV truck market: "With the long-awaited Cybertruck start of deliveries expected at some point before year-end, we find it timely to review what exactly should be made of TSLAs polarizing entry into the most lucrative segment in the U.S. auto... More
Stellantis NV (STLA:FP) (STLA) PT Raised to EUR23 at Jefferies
July 31, 2023 2:36 AM EDTJefferies analyst Philippe Houchois raised the price target on Stellantis NV (STLA:FP) (NYSE: STLA) to EUR23.00 (from EUR21.00) while maintaining a Buy rating.... More
Stellantis NV (STLA) PT Raised to $25.30 at Jefferies
July 31, 2023 2:34 AM EDTJefferies analyst Philippe Houchois raised the price target on Stellantis NV (NYSE: STLA) to $25.30 (from $22.90) while maintaining a Buy rating.... More
Stellantis (STLA) buys 33.3% of Symbio, joins Forvia and Michelin as equal shareholder
July 28, 2023 1:36 PM EDTStellantis (NYSE: STLA) confirmed Friday the 33.3% purchase of zero-emission hydrogen mobility company, Symbio. The automaker joins Forvia and Michelin as equal shareholders in the company.
The announcement marks a significant milestone in advancing the decarbonization of the mobility industry, showcasing Symbio's exceptional technological prowess in... More
Western OEMs look to cut costs in fight against Chinese EV 'invasion'
July 27, 2023 2:31 PM EDTFrench car maker, Renault announced Thursday that the company was aiming to cut its EV production costs by 40%, as growing fears of an "invasion" of cheap Chinese electric cars threaten western automakers.
CFO, Thierry Pieton, expressed that the most effective strategy against price competition is to reduce the company's own development and manufacturing expenses.
Although the goal to decrease costs by 40% is aimed for 2027 and beyond, CEO Luca de Meo stated that the group anticipates considerably lower production costs starting from the latter half of this... More
