Stellantis NV
NYSE: STLA
$13.36
+$0.04 (+0.3%)
Closing Price on October 7, 2024
STLA Articles
New car registrations in the European Union for the month of September totaled 1.46 million units, a volume record for the month.
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Fiat Chrysler on Monday night reached an 11th-hour agreement with its Canadian labor union that dodged a strike set to begin at midnight.
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The good news for buyers is that competition among the U.S. pickup makers is generating steep discounts as automakers launch an end-of-the-year price war.
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The three top-selling vehicles in the United States tend to remain the same month after month, but natural order dissolved in September.
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Following a pattern that has gone on throughout the year, but worsened last month, Fiat sales were terrible.
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Sales in September were down more than 2% year over year for the country's best-selling vehicle. Sales of Silverado pickups plunged more than 15%.
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Year over year, sales slipped 1% at Fiat Chrysler in September. The Jeep Wrangler posted a sales decline of 18%.
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While the U.S. car industry in general is expected to do fine in September, Ford is the one significant exception.
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For all the volatility returning to the markets after the doldrums of August, there was little change among the top few most shorted stocks traded on the New York Stock Exchange between the early...
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Canadian autoworkers union members voted on and approved a four-year contract agreement with General Motors over the weekend by a margin of nearly two to one.
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Negotiations between General Motors and the company's Canadian autoworkers union, Unifor, led to a tentative deal just as the clock ran out Monday night.
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While Ford and General Motors have suffered declining stock prices, neither has even close to the damage done to Fiat Chrysler.
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Short interest moves in the most shorted stocks traded on the New York Stock Exchange were mostly mild between the August 15 and August 31 settlement dates. Bucking that trend was Bank of America.
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Several companies that pay modest or no dividends should increase their payouts so that they are at 5%, based on current share prices. Most of these have huge reservoirs of cash and healthy cash flow.
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For the Detroit Three, full-size pickup sales in August saw a drop of almost 3% from July. Compared with total August sales a year ago, the decline was nearly 6%.
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