Plus, electric vehicle startup Canoo has ceased operations and filed for bankruptcy, and General Motors faces an engine probe that could hit 870,000 vehicles.
The EEOC has filed lawsuits against General Motors, Stellantis, and the UAW, accusing them of violating federal labor and civil rights laws.
Stellantis faces significant operational challenges and competition despite being a major automotive manufacturer, leading the analyst to maintain a hold rating on the stock.
Production of Jeep and Dodge EVs began last summer, but the new models are just now arriving at dealers.
Stellantis (STLA) , the multinational automaker that owns beloved American auto brands like Chrysler, Jeep, Dodge, and Ram Trucks, is treating 2025 as a unique transition period from much darker times.
The automaker previously sat out from giving to past inaugurations but now joins a growing list of companies pledging money to Trump's festivities.
Stellantis successfully lowered its U.S. inventory by over 100,000 units by the end of 2024 to balance inventory levels across dealerships.
Stellantis in Europe is betting on hybrids for the near future, a strategy that's likely to make its way to North America.
In a report released today, Daniel Roeska from Bernstein maintained a Hold rating on General Motors (GM – Research Report), with a price target
Chicago, IL – January 7, 2025 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: General Motors GM, Toyota TM, Ford F, Honda HMC and Stellantis STLA.
Analysts have been eager to weigh in on the Consumer Cyclical sector with new ratings on Life Time Group Holdings (LTH – Research Report) and
Jan 17 (Reuters) - The U.S. Equal Employment Opportunity Commission on Friday sued two large automakers, accusing General Motors (GM.N), and the United Auto Workers of age discrimination and the Stellantis (STLAM.MI), unit that includes Chrysler of subjecting female employees to sexual harassment.