Welcome to our dedicated page for STLA.N news (Ticker: STLA.N), a resource for investors and traders seeking the latest updates and insights on STLA.N stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect STLA.N's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of STLA.N's position in the market.
Stellantis conducted its first Hackathon in Detroit from April 22-24, awarding a total of $22,000 to college teams innovating software to enhance driving safety and fuel efficiency. The winning team received $15,000 for developing an app that incentivizes safer driving through a points system. This event aligns with Stellantis' Dare Forward 2030 strategic plan, targeting 34 million connected cars by 2030 and significant investments in software and electrification exceeding $35 billion by 2025. By 2024, Stellantis aims for most vehicles to have over-the-air updating capabilities.
Stellantis has announced key leadership changes in its hydrogen fuel cell vehicle division. Jean-Michel Billig will join as Chief Technology Officer, effective June 27, 2022, bringing extensive experience from the naval and aerospace sectors. Uwe Hochgeschurtz, CEO of the Opel brand, will additionally lead the commercialization of hydrogen fuel cells globally. This initiative aligns with Stellantis' goal to enhance its leadership in sustainable mobility, as outlined in its Dare Forward 2030 strategic plan, addressing zero-emission needs especially for light commercial vehicles.
Stellantis N.V. announced that it will release its First Quarter 2022 Shipments and Revenues on May 5, 2022. The live audio webcast and conference call is set to start at 1:00 p.m. CEST / 7:00 a.m. EDT on the same day. Relevant press release and presentation materials will be available on Stellantis’ corporate website by 8:00 a.m. CEST / 2:00 a.m. EDT. A replay of the presentation will be accessible for those unable to attend the live session. For more details, visit stellantis.com.
Stellantis has suspended its manufacturing operations in Kaluga, Russia, due to increasing cross sanctions and logistical challenges. This decision aims to ensure compliance and safeguard employees. The automaker emphasizes its condemnation of violence and supports efforts to restore peace. This move reflects Stellantis's commitment to adhering to international sanctions and maintaining operational integrity.
Stellantis and Qualcomm have announced a multi-year collaboration to introduce Snapdragon Digital Chassis solutions across 14 Stellantis brands starting in 2024. This partnership aims to deliver advanced in-vehicle experiences through high-performance computing and customizable features. Key highlights include the integration of Snapdragon Cockpit Platforms and 5G capabilities for enhanced user experiences, including STLA SmartCockpit and STLA Brain. The first application will be with Maserati, aiming to meet evolving customer demands for safe and connected vehicles.
Stellantis N.V. announced the successful outcomes of its 2022 Annual General Meeting (AGM), where all resolutions were approved, including a substantial EUR 3.3 billion dividend distribution. Shareholders will receive EUR 1.04 per common share, with the ex-date set for April 19, 2022 and payment scheduled for April 29, 2022. However, the advisory vote on the Remuneration Report indicated a lack of support, with 52.1% against, prompting a review in the forthcoming report.
Stellantis announced plans to consolidate its auto financial services in China into a wholly owned Auto Finance Company (AFC). The company will sell its stake in the Dongfeng Peugeot Citroen Auto Finance Company (DPCAFC) to Dongfeng Group, pending regulatory approval. This restructuring aligns with Stellantis' 'Dare Forward 2030' initiative, aimed at implementing an 'asset light business model' in China. CEO Carlos Tavares stated this move supports the revival plan in the country and enhances customer experience. The transaction is expected to finalize in the second half of 2022.
Stellantis &You, Sales and Services has partnered with FIDCAR to enhance after-sales predictive marketing across Europe. This strategic agreement utilizes artificial intelligence for tailored customer offers based on vehicle maintenance needs. After a successful testing phase in Lille, this initiative aims to boost customer satisfaction and after-sales revenue, with deployment expected by the end of 2022. Stellantis emphasizes its commitment to digital transformation, hoping to increase conversion rates and customer loyalty through this innovative approach.
Stellantis N.V. has completed the sale of its remaining 25% stake in GEFCO S.A. to CMA CGM Group, a leader in transport and logistics. This divestment marks the final step in Stellantis's exit from the transportation and logistics sector, a process that began a decade ago. CEO Carlos Tavares emphasized that the company will now focus on its efficient global supply chain, leveraging diverse logistics partners, while GEFCO will continue to play a significant role.
Stellantis released its inaugural Corporate Social Responsibility (CSR) report detailing strong performance in 2021. The report presents a comprehensive sustainability roadmap, aiming for carbon net zero emissions by 2038. It emphasizes creating value for stakeholders and addresses key focus areas, including climate change impact, human capital development, and ethical practices. CEO Carlos Tavares highlighted the importance of responsible business operations for long-term sustainability.
