The Latest Breaking News from STLA

Samsara Inc (NYSE:IOT) entered into a partnership agreement with Free2move, the global fleet, mobility, and connected data company that is part of Stellantis N.V. (NYSE:STLA).  The integrated solution enables data from eligible Stellantis factory-installed telematics devices to be pulled into Samsara's Connected Operations Cloud with no installation or additional hardware required. Samsara's integration with Free2move…

The auto manufacturing industry is expected to witness a solid recovery with the rising demand for zero-emission vehicles and government and private efforts to resolve the semiconductor shortage. So, it could be wise to scoop up shares of the fundamentally-strong automotive companies Honda Motor (HMC) and Stellantis (STLA), offering more…

Rising input prices due to worsening supply disruptions and a semiconductor chip shortage have been hurting auto manufacturers. In April, U.S. new vehicle sales declined due to tight inventories and rising prices. However, given the industry’s solid long-term growth prospects, with an increasing focus on electric vehicles, quality auto manufacturing…

Stellantis NV (NYSE:STLA) Chief Executive Officer Carlos Tavares said the shift to electric vehicles depends much on resolving the supply-chain problems swiftly, Bloomberg reported. He said the shift will only work in Europe if access to enough clean energy, batteries, raw materials, and charging infrastructure is ensured. Tavares also said that the…

Stellantis NV (NYSE:STLA) said its mobility division, Free2move, has agreed to acquire car sharing company Share Now. The financial terms of the deal were not disclosed. Share Now was formed as a joint venture by Mercedes-Benz Mobility Group and Bayerische Motoren Werke AG (OTC:BMWYY) in 2019. The deal is expected to add 14 major…

Stellantis NV (NYSE:STLA) plans to invest C$3.6 billion ($2.8 billion) in its Windsor and Brampton (Ontario) Assembly Plants and to expand its Automotive Research and Development Centre (ARDC). The move supports Stellantis' strategy to invest C$45 billion ($35 billion) through 2025 in electrification and software globally. The investment brings the company's total investment…

Supply chain disruptions are expected to persist for the rest of 2022 owing to extended COVID-19 lockdowns across several parts of China and the Russia-Ukraine war. However, the Global Supply Chain Pressure Index points to an easing in supply chain pressure since December 2021. If the disruptions continue easing, Honda…

Stellantis NV (NYSE:STLA) said it is halting its production in Russia owing to economic sanctions and logistical difficulties. The automaker has 1% of Russia's car market, producing Peugeot, Citroёn, Opel, Jeep, and Fiat brands, Reuters reported. "Given the rapid daily increase in cross sanctions and logistical difficulties, Stellantis has suspended its manufacturing operations in Kaluga…

Stellantis NV (NYSE:STLA) and Qualcomm Inc (NASDAQ:QCOM) forged a multi-year technology collaboration. The financial terms of the arrangement were not disclosed. The alliance will help Stellantis merge all software domains into High-Performance Computers, leveraging the high-performance, low-power Snapdragon Automotive Platforms across all significant vehicle domains. The companies look to utilize the latest Snapdragon Digital Chassis…