Stellantis NV
Stellantis CEO says too soon to confirm 2025 dividend as shares slide
Carlos Tavares, chief executive officer of Stellantis NV, speaks during a news conference at the Fiat automobile manufacturing plant in Kragujevac, Serbia, on Monday, July 22, 2024. Oliver Bunic | Bloomberg | Getty Images Stellantis CEO Carlos Tavares on Thursday left the door open for possible cuts to its dividend and share buybacks next year […]
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European markets close 1% lower as investors focus on Middle East escalation
Smoke rises from a building destroyed by an Israeli airstrike as journalists and local residents visit during a press tour on October 2, 2024 in Beirut, Lebanon. Daniel Carde | Getty Images LONDON — European stocks ended the day lower on Thursday as conflict in the Middle East weighed on regional investor sentiment. The pan-European […]
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Stocks making the biggest moves premarket: Nvidia, Levi Strauss, EVgo and more
Check out the companies making headlines before the bell. Wolfspeed – The semiconductor stock fell nearly 5% following a downgrade to underperform from neutral at Mizuho. The firm sees pricing for silicon carbide – a semiconductor material used in electric vehicles – being down about 10% to 20% year-over-year in 2025. Mizuho also cited lower […]
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Stellantis U.S. auto sales extend freefall in third quarter
Jeep vehicles are delivered to a dealership on June 20, 2024 in Chicago, Illinois. Scott Olson | Getty Images DETROIT — Stellantis U.S. new vehicle sales continued a yearslong freefall during the third quarter, despite CEO Carlos Tavares’ attempts to correct what he has called “arrogant” mistakes. The Transatlantic carmaker reported U.S. sales Tuesday of […]
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Stocks making the biggest moves midday: EchoStar, CVS Health, Stellantis and more
Check out the companies making headlines in midday trading: Nio — The U.S.-listed shares of the Chinese electric vehicle maker climbed 9.5% after Nio announced a 13.3 billion yuan cash injection for its Nio China business. The transactions are expected to be completed by year-end, and will reduce Nio Inc.’s stake in Nio China to […]
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Stocks making the biggest moves premarket: Nio, Stellantis, MicroStrategy and more
Check out the companies making headlines before the bell. Nio – U.S.-listed shares surged more than 13% after the Chinese electric vehicle maker announced it will receive a cash injection of 13.3 billion yuan for its Nio China. “Strategic investors” will provide 3.3 billion yuan of that injection, with the rest coming from Nio Inc. […]
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U.S. new vehicle sales expected to have struggled during third quarter
New Jeep vehicles sit on a Dodge Chrysler-Jeep Ram dealership’s lot on October 03, 2023 in Miami, Florida. Joe Raedle | Getty Images News | Getty Images DETROIT — U.S. sales of new vehicles are expected to have struggled during the third quarter amid economic and political uncertainties, as well as elevated interest rates and […]
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Europe automaker shares slump after Mercedes becomes latest to cut 2024 guidance
An employee does final inspections on a Mercedes-Benz C-Class at the Mercedes-Benz US International factory in Vance, Alabama. Andrew Caballero-Reynolds | AFP | Getty Images Mercedes shares fell more than 8% Friday after becoming the latest carmaker to cut its guidance this year as sluggish demand in China and trade disputes weigh on the sector. […]
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UAW warns of potential strikes at Ford, Stellantis a year after unprecedented work stoppages
UAW president Shawn Fain and members and workers at the Mopar Parts Center Line, a Stellantis Parts Distribution Center in Center Line, Michigan, picket outside the facility after walking off their jobs at noon on September 22, 2023. Matthew Hatcher | AFP | Getty Images DETROIT – A year after unprecedented strikes by the United […]
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UAW union files unfair labor charges against Stellantis, accuses automaker of violating contract
United Automobile Workers (UAW) President Shawn Fain speaks on the first day of the Democratic National Convention (DNC) at the United Center in Chicago, Illinois, on August 19, 2024. Mandel Ngan | AFP | Getty Images DETROIT — The United Auto Workers union on Monday said it had filed federal unfair labor practice charges against […]
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