Stellantis N.V. (STLA) announced the acquisition of artificial intelligence (“AI”) and machine learning technology, intellectual property (“IP”) rights and patents of CloudMade. This U.K.-based company designs, develops and deploys software solutions to original equipment manufacturers around the world.The transaction will support STLA SmartCockpit’s mid-term development and its software strategy outlined in Dare Forward 2030.By 2030, Stellantis aims to generate $22 billion in annual revenues through softwa ...

The latest trading session saw Stellantis (STLA) ending at $21.09, denoting a -1.08% adjustment from its last day's close. This move lagged the S&P 500's daily gain of 0.08%. Elsewhere, the Dow saw a downswing of 0.26%, while the tech-heavy Nasdaq appreciated by 0.36%.Prior to today's trading, shares of the automaker had lost 9.08% over the past month. This has lagged the Auto-Tires-Trucks sector's loss of 6.72% and the S&P 500's gain of 2.4% in that time.The investment community will be closely monitoring ...

Stellantis to Enhance Personalized Mobility Experience with Acquisition of CloudMade's Artificial Intelligence Technologies and IP Acquisition reinforces Stellantis Dare Forward 2030 software strategy by adding an AI-powered framework to deliver advanced features to vehicles and mobile apps  Based on customers consent, CloudMade AI software collects and analyzes automotive data to provide personalized and predictive features and will support mid-term development of STLA SmartCockpit Transaction includes th ...

In the latest market close, Stellantis (STLA) reached $21.32, with a -0.05% movement compared to the previous day. This move lagged the S&P 500's daily gain of 0.29%. At the same time, the Dow lost 0.25%, and the tech-heavy Nasdaq gained 0.43%.Shares of the automaker have depreciated by 8.57% over the course of the past month, underperforming the Auto-Tires-Trucks sector's loss of 7% and the S&P 500's gain of 2.08%.Market participants will be closely following the financial results of Stellantis in its upco ...

Stellantis NV (BIT: STLAM) announced plans of pushing for leadership in commercial vehicles on Tuesday. Its shares are still in the red at writing.Here’s what CEO Tavares said todayCopy link to sectionThe legacy automaker will look for opportunities in Asia and continue to build on its “Pro One” initiative in North America to expand its footprint in commercial vehicles. We need a few years, by the end of 2030 business plan, we have the potential to become market leaders.Carlos Tavares – the chief executive ...

CEO Elon Musk turned plenty of heads in 2023 when he opted to slash prices on multiple Tesla (NASDAQ:TSLA) models. A clear attempt to compete with the growing number of electric vehicle (EV) makers undercutting Tesla’s high prices, Musk’s decision didn’t really help TSLA stock or the broader EV market. Now, though, the company is moving into a new year with no plans to stop lowering its prices. As Investor’s Business Daily reports, this trend is sparking concern among Wall Street analysts. Some business lea ...

Italian American automaker Stellantis (STLA) recently unveiled its latest electrified vehicle architecture, the STLA Large platform. This cutting-edge platform is poised to support a range of mid-size and executive segment vehicles across Stellantis' diverse sub-brands, revolutionizing the electric vehicle (EV) landscape.Power-Packed Specifications of STLA LargeThe STLA Large platform boasts an unprecedented level of flexibility and adaptability. Initially focusing on full-size vehicles in the North America ...

Carlos Tavares, CEO of Stellantis, poses during a presentation at the New York International Auto Show in Manhattan, New York, on April 5, 2023.Stellantis won't sell electrified vehicles such as hybrids and all-electric models at a loss like other automakers have, CEO Carlos Tavares said Friday.Tavares, who has been skeptical around consumer adoption of EVs, said the company is currently making money on its electrified vehicles and will continue to do so with its next-generation vehicles, which Stellantis r ...

Stellantis Unveils BEV-native STLA Large Platform with 800 Km/500 Mile Range and the Ultimate Flexibility to Cover a Wide Spectrum of Vehicles STLA Large platform enables segment-leading capabilities including embedded energy (118 kWh), charging efficiency (4.5 kWh per minute), and performance (0-100 km/h or 62 mph in 2-second range) Available in 400-volt and 800-volt BEV architectures, STLA Large is the most flexible BEV-native platform in the industry, underpinning car, crossover and SUV vehicle types in ...

Stellantis to Announce Full Year 2023 Results on February 15 AMSTERDAM, January 18, 2024 - Stellantis N.V. announced today that its Full Year 2023 Results will be released on Thursday, February 15, 2024. A live webcast and conference call of the Full Year 2023 Results will begin at 2:00 p.m. CET / 8:00 a.m. EST on Thursday, February 15, 2024. The related press release and presentation material are expected to be posted under the Investors section of the Stellantis corporate website at www.stellantis.com at ...