Core Insights - Stellantis N.V. (STLA) is under investigation by the U.S. National Highway Traffic Safety Administration (NHTSA) regarding a recall query involving nearly 1.2 million Ram trucks from model years 2013 to 2018 [1][10] - The investigation is prompted by reports of failures in the Brake Transmission Shift Interlock (BTSI) system, which could lead to unintended vehicle movement and rollaway incidents [2][3][10] Recall Investigation - NHTSA received 14 vehicle owner questionnaires and six reports of deaths or injuries related to the BTSI system failures [2] - The current recall query aims to assess the effectiveness of prior recall fixes and investigate the underlying causes of continued rollaway events [4] Production Challenges - Stellantis faced a 34% drop in passenger car production in Italy during the first half of 2025, alongside a 16% year-over-year decrease in commercial vehicle output [5] - The total vehicle production in the first half of the year was 221,885, reflecting a 26.9% decline compared to the same period in 2024, with no recovery expected before the end of the year [6]

Core Points - Chrysler is celebrating its 100th anniversary in 2025 with the Chrysler Century of Innovation summer celebration at the Carlisle Chrysler Nationals from July 11-13 [1][2][6] - The event will feature historic Chrysler vehicles, a display including the Stow 'n Go Challenge, and a Q&A session with Chrysler brand CEO Chris Feuell [4][6] - The Chrysler Pacifica, known for its Stow 'n Go seating and storage system, continues to lead the minivan segment and will showcase the new 2026 Chrysler Pacifica 100th Anniversary Edition [8][11] Historical Vehicles - The event will display significant Chrysler models including the 1924 Chrysler Six, 1934 Chrysler Airflow, 1955 Chrysler 300, 1963 Chrysler Turbine Car, 1995 Chrysler Atlantic Concept, and the Chrysler Halcyon Concept [7][6] - The Chrysler Airflow is recognized as the first modern automobile, while the Chrysler 300 is noted as America's first modern muscle car [7] Stow 'n Go Challenge - The Stow 'n Go Challenge will allow participants to test how quickly they can store road-trip gear in a 2025 Chrysler Pacifica equipped with the Stow 'n Go system [4][5] - The Stow 'n Go system has been a significant innovation for Chrysler, with 5 million minivans sold featuring this technology since its introduction in 2005 [5] New Releases and Future Plans - Chrysler plans to release a refreshed Pacifica in 2026, a new crossover, and a third product inspired by the Halcyon concept [10] - The Chrysler Pacifica Plug-in Hybrid achieves 82 MPGe with an all-electric range of 32 miles and a total range of 520 miles, highlighting Chrysler's commitment to modern family needs [11] Merchandise and Branding - Limited-edition 100th anniversary branded apparel and merchandise will be available for purchase at the event [9] - The Chrysler brand emphasizes its legacy of innovation and engineering excellence as it celebrates this milestone [10]

Core Insights - Stellantis is launching a simplified two-tier connected services offering for its U.S. customers, effective July 2025, aimed at enhancing clarity and value [1][3][7] Group 1: New Connected Services Packages - The new packages include Connect ONE, which is provided at no extra cost and is active for 10 years, offering essential features [2][6] - Connect Wi-Fi PLUS is a premium subscription service that provides unlimited Wi-Fi data, available for a trial period of three months at no charge, after which it costs $17.99 per month [4][5] Group 2: Customer-Centric Design - Connect ONE significantly extends the duration of several safety and vehicle performance services, doubling the duration of Vehicle Health and Service Scheduling features from five to 10 years [6] - Remote lock/unlock access is also extended from three months to 10 years, enhancing customer control and convenience [6] Group 3: Feature Availability - Key features included in the new packages are over-the-air software updates, vehicle health reports, remote lock/unlock, digital key access, and Wi-Fi hotspot capabilities [8] - The new services will be available for eligible new and used Dodge, Jeep®, Ram, and FIAT vehicles starting July 2025, with Chrysler and Alfa Romeo vehicles to follow [9] Group 4: Activation and Management - Customers can activate connected services at the dealership, with the Connect ONE package automatically included with the vehicle [11] - Existing customers with eligible vehicles can activate the new services starting in July 2025 [9]

Company Performance - Stellantis closed at $9.80, reflecting a -4.95% change from the previous day, which is less than the S&P 500's daily loss of 0.79% [1] - Over the past month, Stellantis shares have appreciated by 4.46%, outperforming the Auto-Tires-Trucks sector's loss of 2.1% and lagging behind the S&P 500's gain of 5.22% [1] Earnings Forecast - The upcoming earnings report for Stellantis is scheduled for July 29, 2025, with projected earnings of $1.96 per share and revenue of $180.11 billion, indicating changes of -26.87% and -12.19% from the prior year, respectively [2] Analyst Estimates - Recent modifications to analyst estimates for Stellantis reflect shifting short-term business dynamics, with upward revisions indicating analysts' positive outlook on the company's operations and profit generation [3] Zacks Rank and Valuation - Stellantis currently holds a Zacks Rank of 3 (Hold), with the Zacks Consensus EPS estimate moving 0.1% lower over the past month [5] - The company is trading at a Forward P/E ratio of 5.26, which is a discount compared to its industry's Forward P/E of 9.62 [6] Industry Context - The Automotive - Foreign industry, part of the Auto-Tires-Trucks sector, has a Zacks Industry Rank of 232, placing it in the bottom 7% of over 250 industries [6] - The Zacks Industry Rank indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]

The closing bell. Bloomberg's comprehensive cross-platform coverage of the U.S. market close starts right now. And right now, we are 2 minutes away from the end of the trading day.Romaine Bostick alongside Sonali Basak taking you through to that closing bell with the global simulcast, it starts. Tim sandvik joins us in the radio booth. Emily garfield in today for Carol Massar.Welcome to our audiences across all of our Bloomberg platforms, including our partnership with YouTube on a decidedly down day terms ...

Group 1: Policy Impact - The "Big and Beautiful Act" introduced by Trump in 2025 poses significant challenges for UK companies, particularly through the imposition of up to 20% retaliatory tariffs on what are deemed "unfair foreign taxes" [3] - The automotive industry in the UK is particularly affected, with Jaguar Land Rover facing increased costs of several thousand dollars per vehicle due to a 25% tariff on imported cars, leading to a pause in expansion plans in the U.S. [3][4] - The Scottish whisky industry has seen an 8% decline in exports to the U.S. due to a 10% tariff, with market share being eroded by French cognac [3] Group 2: Investment Confidence - A dramatic drop in investment confidence is evident, with only 2% of UK executives considering the U.S. an attractive investment destination, while confidence in the domestic market has surged from -12% to +13% [4] - Foreign direct investment (FDI) in the U.S. fell to $52.8 billion in Q1 2025, the lowest since the pandemic began in 2022, indicating a significant capital withdrawal [4] Group 3: Industry Shifts - Energy-intensive companies are relocating production back to the UK or Europe due to the high electricity costs in the U.S., which are four times higher than in the UK [5] - The technology sector is experiencing a notable shift, with UK quantum computing startups being acquired by U.S. firms, prompting the UK government to invest £500 million in quantum technology over the next four years [5] Group 4: Post-Brexit Challenges - Post-Brexit, the UK faces dual challenges from Trump's policies and EU negotiations, with FDI projects declining by 12% in 2024, marking an 18-year low [6] - The UK is at a disadvantage in negotiations, having to accept "poison pill clauses" in trade agreements that exclude Chinese companies from key supply chains, further weakening competitiveness [6] Group 5: Strategic Capital Movements - UK companies are initiating a "de-Americanization" process, with firms like AstraZeneca and Stellantis shifting investments from the U.S. to Germany and Poland [7] - International capital is also reflecting this trend, with Canadian and Australian funds reducing U.S. asset exposure and increasing investments in UK renewable energy projects [7] Group 6: Future Outlook - The policy shifts and capital movements indicate a potential restructuring of global capital dynamics, with a focus on regional collaboration, technological sovereignty, and institutional resilience [8] - The ongoing changes may lead to the emergence of a new business paradigm that prioritizes stability over political risk, suggesting a shift in global investment strategies [8]

Summary of Weimais Conference Call Company Overview - Weimais' revenue from onboard power supply business accounts for 85% in 2024, a decrease from 2023, but remains the core business [2] - The company is expanding its product line with technologies in EVCC, wireless charging systems, and liquid cooling charging modules [2] - Total sales for 2024 are projected to reach 2.4 million units, although the industry average price has declined due to price wars among downstream automakers [2] Market Position - In the domestic market, Weimais holds a dominant share with major clients including SAIC Group and Li Auto, and is the exclusive supplier for Li Auto [2][11] - The company has approximately 30% market share among third-party suppliers in China, ranking first [2][3] - Weimais has established deep ties with Stellantis and has secured contracts with Renault, Aston Martin, and Ferrari [2][12] Financial Performance - Weimais' sales to Stellantis are expected to generate 600 million RMB in 2024, accounting for 9% of total revenue [2] - The company's net profit for 2024 is projected to be 400 million RMB, down from 500 million RMB in 2023, due to increased R&D expenses and declining sales from major clients [3][15] - The gross margin for Weimais and Futek Technology is around 20%, while other competitors like Inbol and Huichuan have margins around 15% [9] Product Characteristics - Weimais specializes in integrated onboard power supply products, combining OBC and DCDC functionalities [5] - The company has made significant advancements in 800V onboard power supply products, achieving mass production for several clients [14] Industry Dynamics - The domestic onboard power supply market is stable, with leading companies like Weimais and BYD holding significant market shares [3][8] - Emerging companies like United Power are beginning to impact the competitive landscape [8] - The overall industry average price has decreased from approximately 2,300 RMB in 2023 to around 2,100 RMB in 2024 due to competitive pressures [10] Future Outlook - Weimais expects to see growth in overseas revenue and profits as new platform models from Stellantis are launched starting in 2025 [4] - The company plans to maintain a high dividend payout ratio and share buyback strategy to enhance shareholder returns [15]

Group 1: Trade Negotiations - The US and EU trade negotiations are at a standstill, with a deadline for a "tariff pause" approaching on July 9 [1][2] - EU representatives are seeking a principle-based agreement before the deadline, while also preparing for potential extensions of the tariff pause if no agreement is reached [2][8] - There are internal divisions within the EU regarding the approach to negotiations, with some countries favoring a quick agreement and others advocating for a stronger stance against US tariffs [1][9] Group 2: Automotive Industry Impact - European automotive manufacturers are facing pressure, with stock prices declining significantly amid tariff threats, including a 17% potential tariff on EU agricultural products and a 50% tariff on other goods if negotiations fail [4][8] - Some European governments and car manufacturers are pushing for an investment-based agreement with the US, where increased investment in the US could lead to tariff reductions [2][3] - The EU's second round of countermeasures against US tariffs has been scaled down from €950 billion to €720 billion, indicating a strategic adjustment in response to ongoing negotiations [10] Group 3: Economic Implications - The EU is prepared to take countermeasures to protect its economy if negotiations do not yield favorable results, with the EU Commission President stating that all options are on the table [10] - The potential for a principle-based agreement could maintain the current "truce" status, avoiding new US tariffs, while failure to reach an agreement could lead to the implementation of previously suspended tariffs [10]

Investment Rating - The investment rating for the company is "Buy" and is maintained [8] Core Views - In June, the company delivered 48,006 vehicles, representing a year-on-year increase of 138.6% and a month-on-month increase of 6.5% [2][5] - The company aims for a sales target of 500,000 vehicles in 2025, with expectations for continued rapid growth [9] - The partnership with Stellantis allows for a light asset overseas expansion, enhancing global sales potential [9] Summary by Sections Sales Performance - In the first half of the year, the company achieved cumulative deliveries of 222,000 vehicles, a year-on-year increase of 155.7% [9] - The strong demand for new vehicles and the upcoming launch of the B01 model, which began pre-sales on June 29, are expected to drive future sales growth [9] Strategic Partnerships - The company signed a carbon credit transfer agreement with Stellantis, with a transaction cap of 1.5 billion [9] - This agreement involves the transfer of carbon credits generated from the sale of Leapmotor brand electric vehicles in the EU and UK markets [9] Product Development and Market Strategy - The company plans to launch 2-3 new products globally each year over the next three years, with the B01 model already in pre-sale [9] - The company has established a strong domestic and international sales network, with 942 stores in China and over 600 sales and service points overseas [9] Financial Outlook - The company is expected to see significant improvements in financial metrics due to the increasing proportion of high-priced models and a strong new vehicle cycle [9] - Projections for vehicle sales in 2025, 2026, and 2027 are 570,000, 890,000, and 1,210,000 respectively [9]

Core Insights - SoundHound AI experienced a remarkable stock price increase in 2024, rising from $2 to $24, a twelvefold surge, although it has since retracted by approximately 55% from its peak [2] - The company has demonstrated significant revenue growth, with a three-year average growth rate of 69% and revenues doubling from $51 million to $102 million in the past year [3] - Management projects 2025 revenues between $157 million and $177 million, indicating nearly 100% year-over-year growth, reflecting strong demand for voice AI solutions [4] Financial Performance - SoundHound's latest quarterly revenues surged by 151.2% year-over-year to $29 million, up from $12 million [3] - The company is currently priced at $11 with a price-to-sales (P/S) ratio of 40x based on trailing twelve-month revenue [11] - If revenues triple from $85 million in 2024 to an estimated $250 million in 2027, the P/S multiple could decline to 16x, suggesting a potential stock price increase to about $20 [11] Growth Drivers - The automotive industry represents SoundHound's largest growth opportunity, with partnerships established with major manufacturers like Mercedes-Benz and Hyundai [6] - In 2025, SoundHound expanded its automotive presence by deploying its Chat AI to additional Stellantis brands and launched "Brand Personalities" for personalized voice assistants [7] - Research indicates a potential annual opportunity of $35 billion for automakers through in-car voice commerce, positioning SoundHound to capture significant market share [8] Strategic Partnerships - SoundHound's collaboration with NVIDIA focuses on edge solutions to enhance Voice Generative AI experiences in vehicles, improving user satisfaction [9] - The acquisition of Amelia in August 2024 has diversified SoundHound's enterprise presence, contributing to immediate revenue and access to established customer service contracts [10] Future Outlook - Sustained revenue growth of 25% or more is expected in the coming years following the doubling of revenues this year [13] - The company aims to convert revenue growth into improved profitability metrics and capture significant market shares in both automotive and restaurant voice AI markets [13]