Stellantis N.V.

Since summer 2024 Stellantis has held at least eleven meetings with members of the "Patriots for Europe" group, according to an analysis of the EU transparency register. The purpose of the contacts was to gain support for loosening the EU's planned ban on combustion engines, a position also pursued by industry association ACEA and other manufacturers. Stellantis emphasizes that it speaks with decision-makers across the democratic political spectrum, while criticism grows over increasing contacts between the auto lobby and right-wing parties. » More on n-tv.de

CEO Antonio Filosa reconfirmed Stellantis' 2026 targets of mid-single-digit net revenue growth and a low-single-digit adjusted operating margin, and reiterated goals to be cash-flow positive by 2027 and to generate over €3 billion of free cash flow in 2028. His comments come as U.S. shares closed at a record low of $4.43 and are down roughly 60% year-to-date amid execution of a roughly $70 billion turnaround plan focused on brand management, investments, partnerships and manufacturing optimization. » More on cnbc.com

Stellantis has temporarily put production on hold at its plants in Sochaux, Rennes and Mulhouse; the disruption is expected to last at least one week. The reason is a shortage of batteries for long-range electric cars, which are particularly in high demand among fleet customers. The group is adjusting its production schedule to avoid building up unwanted vehicle inventories. » More on manager-magazin.de