Carlos Tavares, chief executive officer of Stellantis NV, speaks to the media at the Stellantis auto manufacturing plant in Sochaux, France, on Thursday, Oct. 3, 2024. DETROIT — Stellantis is suing the United Auto Workers, escalating a monthslong battle between the transatlantic automaker and American union, CNBC has learned. In an internal message Friday to employees that was confirmed to be authentic, the company said it is suing the UAW as well as a local chapter in California that participated in a stri ...

Stellantis owns some of the biggest auto brands in the world, but its stock isn't the kind you'd want to buy now. Stellantis' (STLA 1.87%) latest warning has stunned investors. The maker of Chrysler, Fiat, Jeep, Peugeot, Ram Trucks, and more cut its guidance for 2024 this week, with CEO Carlos Tavares even hinting at a potential dividend cut next year. Stellantis stock plunged after the developments and was trading 17% lower for the week through noon Friday, according to data provided by S&P Global Market I ...

Key Takeaways Stellantis shares tumbled Thursday after the Chrysler and Jeep parent reported a significant drop in U.S. sales. Since setting its record high in March, the stock has trended lower within a narrow descending channel, with share turnover this week registering its highest level since late October 2019 to indicate conviction behind the recent selling. Investors should monitor crucial downside levels on the Stellantis chart around $11.50 and $8.50, while watching key upside areas near $15 and $18. ...

NEW YORK, Oct. 03, 2024 (GLOBE NEWSWIRE) -- WHY: Law Firm, a global investor rights law firm, reminds purchasers of securities of Stellantis N.V. (NYSE: STLA) between February 15, 2024 and July 24, 2024, both dates inclusive (the "Class Period"), of the important October 15, 2024 lead plaintiff deadline. SO WHAT: If you purchased Stellantis securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. WHAT TO ...

Completion of the Third and last Tranche of Stellantis 2024 Share Buyback Program and Weekly Report (September 27- October 2 2024) AMSTERDAM, October 3, 2024 - Stellantis N.V. ("Stellantis" or the "Company") announced today that its Third and last Tranche of the 2024 Share Buyback Program announced on August 1, 2024, covering up to €1 billion to be executed in the open market during the period between August 1, 2024 and November 29, 2024 has been completed. Since August 1, 2024 up to and including October 2 ...

The Italian automotive industry group FIM-CISL has reported that Stellantis is expected to reduce its vehicle production in Italy to below 500,000 units this year, down from 751,000 units in 2023. This reduction is primarily due to continued weak market demand, especially in the electric vehicle segment. FIM-CISL leader Ferdinando Uliano warned that if current trends persist into the fourth quarter, the annual production of cars could fall below 300,000 units, with van production around 200,000 units. These ...

AUBURN HILLS, Mich., Oct. 2, 2024 /PRNewswire/ -- Stellantis hosts 25th annual supplier diversity MatchMaker event Event connects more than 325 diverse business owners with more than 225 Tier 1 supplier decisionmakers and Stellantis purchasing, supply chain and supplier quality representatives across commodity areas Annual tradeshow and networking event has generated more than $4 billion in new business opportunities Company has purchased more than $100 billion from diverse-owned suppliers since 1983 Head o ...

NEW YORK, Oct. 02, 2024 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of Stellantis N.V. (NYSE: STLA). Shareholders who purchased shares of STLA during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/stellantis-loss-submission-form/?id=106366&from=3 CLASS PERIOD: February 15, 2024 to ...

Analysts have indicated that European automakers are likely to be the most affected by the port workers' strike along the U.S. East Coast and Gulf of Mexico. These automakers heavily rely on these ports, and a prolonged strike could disrupt the entire industry. Recently, U.S. port workers initiated a large-scale strike, the first in nearly 50 years, leading to disruptions in about half of the U.S. international sea trade. The Auto Innovators Alliance is urging the White House to mediate a solution. The orga ...

Jeep vehicles are delivered to a dealership on June 20, 2024 in Chicago, Illinois. DETROIT — Stellantis' U.S. new vehicle sales during the third quarter continued a yearslong freefall despite CEO Carlos Tavares' actions to fix what he has called "arrogant" mistakes by the company. The Transatlantic carmaker reported U.S. sales Tuesday of 305,294 from July through September, a 19.8% decline from the third quarter of 2023 and a 11.5% decrease from the prior three months of this year. Stellantis was expected t ...