Stellantis N.V.

Chrysler is recalling more than 265,000 vehicles, including Ram Promaster (model years 2022–2026) and Ram 3500 electric vehicles (2024–2026), because water may enter the wiring harness of the electric power steering and cause loss of steering assist. The NHTSA warns that loss of steering assist can increase the risk of a crash. Stellantis shares fell as much as about 3.8% on Euronext Amsterdam. » Altro su finanzen.net

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. » Altro su 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. » Altro su cnbc.com