Stellantis N.V.

Morgan Stanley downgraded Stellantis from "Equal-Weight" to "Underweight" and cut the price target from €5.70 to €4.50, after which the stock fell about 2.1%. The bank cites a stalled US recovery and increasing competitive pressure. Additional pressure comes from operational problems (Mirafiori production halt, delay in Belvidere) and stalled wage negotiations in Canada. Analyst sentiment remains cautious (3 buy, 17 hold, 5 sell recommendations) and the stock is trading near its 52-week low. » Więcej na de.investing.com

Stellantis has signed a letter of intent with Canadian armored vehicle manufacturer Roshel for the possible sale of its idled assembly plant near Toronto (Brampton). The company sees Roshel as a promising option to resume sustainable operations at the plant. At the same time, collective bargaining talks with the union Unifor are stalled; the current contract expires on September 20 and negotiations have been suspended for now. No plans have been announced so far for the Windsor and Etobicoke sites. » Więcej na de.investing.com

Stellantis is working with Chinese industrial robot maker UQI Robotics to further develop the autonomous delivery vehicle Box-on-Wheels. The project will initially focus on Europe; additional international markets and automated last-mile solutions are to be considered later. UQI, a joint venture of Ubtech and Miracle Automation, plans to collaborate on an end-to-end logistics system combining autonomous vehicles and humanoid robots. The Stellantis share reacted slightly positively in XETRA trading. » Więcej na finanzen.net