Stellantis issues 'do not drive' warning for 225K vehicles
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A management update crashed shares, creating a compelling buying opportunity.
Stellantis (BIT:STLAM) has sold its stake in the NextStar Energy battery joint venture with LG Energy in Canada. The company is reportedly reviewing a possible exit from its US battery partnership with Samsung SDI.
Stellantis appears to be accelerating its exit from electromobility with another measure: The automotive group also plans to withdraw from its battery joint
Stellantis NV is still in talks with the Canadian government and union about the future of its shuttered factory in Brampton, Ontario, according to the automaker’s chief executive officer in the country.
Stellantis shares plunged after announcing a massive writedown, raising questions about whether EV struggles stem from market issues or vehicle appeal.
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Stellantis seeks to exit battery venture with Samsung as EV losses mount, Bloomberg News reports
Feb 10 (Reuters) - Stellantis NV is looking to exit its U.S. battery joint venture with South Korea's Samsung SDI Co. as the automaker scales back its electric-vehicle ambitions, Bloomberg News reported on Tuesday,
Most fences doesn't stand much of a chance against being rammed by a Ram 1500.