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Here's Why Stellantis (STLA) Fell More Than Broader Market
ZACKS· 2025-01-11 00:01
Stellantis (STLA) closed at $12.53 in the latest trading session, marking a -1.88% move from the prior day. This move lagged the S&P 500's daily loss of 1.54%. Elsewhere, the Dow lost 1.63%, while the tech-heavy Nasdaq lost 1.63%.Prior to today's trading, shares of the automaker had lost 6.86% over the past month. This has lagged the Auto-Tires-Trucks sector's loss of 4.25% and the S&P 500's loss of 2.2% in that time.The investment community will be paying close attention to the earnings performance of Stel ...
Stellantis aims to reverse years-long declines in U.S. sales and market share in 2025
CNBC· 2025-01-10 16:43
Stellantis North America COO and Jeep CEO Antonio Filosa speaks during the Stellantis press conference at the Automobility LA 2024 car show at Los Angeles Convention Center in Los Angeles, California, November 21, 2024.DETROIT – Stellantis' top priority for the U.S. this year is to grow its retail market share after several years of declining sales in its largest, most crucial market.Antonio Filosa, head of the embattled automaker's North American operations since October, said Stellantis aims to grow U.S. ...
Alfa Romeo Reveals Intensa Special Series for 2025 Tonale, Stelvio and Giulia
Prnewswire· 2025-01-10 14:00
AUBURN HILLS, Mich., Jan. 10, 2025 /PRNewswire/ --  World premiere of new Intensa special series, offered on 2025 Tonale, Stelvio and Giulia  Featuring distinctive two-tone design elements, Intensa special series honors brand's "intense" identity Available for order now, Intensa special series starts at manufacturer's suggested retail price (MSRP) of $44,495 for Tonale Intensa with 2.0-liter turbo Alfa Romeo Reveals Intensa Special Series for 2025 Tonale, Stelvio and Giulia Alfa Romeo today revealed ...
20 Years of Stow 'n Go! Chrysler Marks 20 Years of Exclusive Minivan Stow 'n Go Seating, Kicks Off Stow 'n Go Challenge at 2025 Detroit Auto Show
Prnewswire· 2025-01-09 16:30
Class-exclusive Stow 'n Go Seating Still "Flooring" the IndustryAUBURN HILLS, Mich., Jan. 9, 2025 /PRNewswire/ --  Chrysler celebrates the 20th anniversary of the brand’s ground-breaking Stow ‘n Go seating. First introduced for the 2005 model year, the Stow ‘n Go seating and storage system allows second- and third-row seats to fold flat quickly and easily into the floor. When not stowed, available Stow ’n Go in-floor bins offer easily accessible space to store gear. Chrysler is celebrating 20th anniver ...
Stellantis reveals redesigned Ram heavy-duty trucks
CNBC· 2025-01-07 11:17
DETROIT — Stellantis has redesigned its large Ram heavy-duty trucks — and it's betting those updates will help reverse three consecutive years of sales declines for the brand.The new Ram 2500 and 3500 pickups and chassis cab trucks feature updated interior and exterior designs, as well as a new 6.7-liter Cummins turbo diesel engine that produces 430 horsepower and a best-in-class 1,075 foot-pounds of torque, according to the automaker.The heavy-duty trucks are expected to arrive in U.S. dealers during the f ...
Chrysler sales have shrunk 80% in two decades. Here's how executives plan to bring it back
CNBC· 2025-01-06 16:38
The heyday of Chrysler appears long gone.A series of mergers has turned the once-ubiquitous Chrysler Corporation into a piece of the larger Euro-American automaker Stellantis. Once a relatively diversified brand, with sedans, SUVs, and even a convertible, Chrysler now has only two models, both of them different versions of the same minivan.The Chrysler brand sold nearly 600,000 vehicles in 2005. In 2024, it sold fewer than 125,000 — an 80% decline in two decades."Chrysler as a brand has been very, very, und ...
Stellantis: What's Next?
Seeking Alpha· 2025-01-05 11:27
On 1st December evening, Stellantis (NYSE: STLA ) announced that the Board had accepted CEO Carlos Tavares’ resignation with immediate effect. In our last analysis, we were already looking ahead with a publication called It's Time ToBuy-side hedge professionals conducting fundamental, income oriented, long term analysis across sectors globally in developed markets. Please shoot us a message or leave a comment to discuss ideas.DISCLOSURE: All of our articles are a matter of opinion, informed as they might be ...
Stellantis Successfully Completes Comau Transaction
Newsfilter· 2024-12-30 17:01
Stellantis Successfully Completes Comau Transaction One Equity Partners (OEP) becomes majority shareholder of Comau; Stellantis will remain an active minority shareholderTransaction supports Comau's long-term stability and positions it for future growth AMSTERDAM, December 30, 2024 – Stellantis N.V. today announced that One Equity Partners ("OEP"), a middle market private equity firm, has completed its majority investment in Comau S.p.A. ("Comau"), a global technology company specializing in industrial auto ...
Stellantis to Pay $4.2M Penalty for Exceeding Legal Emission Limit
ZACKS· 2024-12-30 14:11
Stellantis Emissions Violations - Stellantis to pay $4 2 million to California Air Resources Board for vehicles emitting pollutants beyond legal limits [1] - Certain models equipped with unauthorized devices released nearly 55 tons of excess nitrogen oxides [1] - Affected vehicles include 2014-2016 Ram ProMaster Ram 1500 2500 and 3500 with 3 0-liter diesel engines [5] - Stellantis will recall and modify these vehicles to meet California's emissions standards [5] - More than $2 million of the penalty will go to California's Air Pollution Control Fund [10] - Remaining $2 1 million to support program encouraging cargo ships to slow down during peak whale and ozone seasons [10] Historical Emissions Issues - Stellantis paid $305 million civil fine in 2019 for illegal software in 2014-2016 Ram 1500 and Jeep Grand Cherokee vehicles [2] - Company recalled and repaired more than 100 000 vehicles spending around $800 million [2] - In 2022 Stellantis reached plea deal with Justice Department agreeing to pay $96 1 million in fines and forfeit $203 6 million [6] - In 2021 Stellantis paid $5 6 million in California for non-compliant gasoline-powered vehicles [6] Auto Industry Stocks - Dorman Products Inc (DORM) Geely Automobile Holdings Limited (GELYY) and Blue Bird Corporation (BLBD) each sporting Zacks Rank 1 (Strong Buy) [7] - Zacks Consensus Estimate for DORM's 2024 sales and earnings suggests year-over-year growth of 3 66% and 51 98% respectively [4] - EPS estimates for DORM's 2024 and 2025 have improved 75 cents and 88 cents respectively in the past 60 days [4] - Zacks Consensus Estimate for BLBD's fiscal 2025 sales and earnings indicates year-over-year growth of 10 97% and 12 14% respectively [8] - EPS estimates for BLBD's fiscal 2025 have jumped 18 cents in the past 30 days [8] - Zacks Consensus Estimate for GELYY's 2024 sales and earnings calls for year-over-year growth of 51 88% and 216 67% respectively [9] - EPS estimates for GELYY's 2024 and 2025 have risen a penny and 12 cents respectively in the past 30 days [9]
Ho, Ho, Horsepower: Dodge Brand Extends Production of HEMI®-powered Dodge Durango SRT Hellcat and Dodge Durango R/T Models
Prnewswire· 2024-12-19 18:30
AUBURN HILLS, Mich., Dec. 19, 2024 /PRNewswire/ -- Dodge is supercharging the holiday season and delivering a horsepower-packed gift down the chimney, announcing production of HEMI®-powered Dodge Durango models will continue into the 2025 calendar year. Dodge beats Santa to the punch with an early holiday gift, announces Dodge Durango SRT Hellcat, powered by the 710-horsepower supercharged 6.2-liter HEMI® Hellcat V-8 engine, and Durango R/T with the 5.7-liter HEMI will continue into 2025 calendar year ...