Stellantis N.V. designs, engineers, manufactures, distributes, and sells automobiles, light commercial vehicles, engines, transmission systems, and mobility services worldwide. It offers luxury and premium vehicles, SUVs, parts, and accessories, along with contract services, retail and dealer financing, vehicle leasing and rental, after-market parts and service, and data businesses. Its brands include Abarth, Alfa Romeo, Chrysler, Citroën, DS Automobiles, Dodge, Fiat, Jeep, Maserati, Ram Trucks, Opel, Lancia, Vauxhall, Peugeot, Free2move, Share Now, Leasys, and Comau, sold through distributors and dealers. The company has a strategic collaboration with Microsoft Corporation for AI initiatives across sales, customer care, and operations, and operates in North America, France, Brazil, Italy, Germany, the United Kingdom, Turkiye, Spain, Argentina, Belgium, Austria, the Netherlands, Portugal, Poland, Algeria, Morocco, Japan, China, and internationally. Founded in 1899, Stellantis N.V. is based in Hoofddorp, the Netherlands.
Stellantis Hit by Quality Woes and Inventory Glut, but Sales Beat Industry
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Warranty Costs and Recalls Stellantis's warranty costs hit $7.4 billion in 2025, double the industry norm, and a major fire-risk recall covered over 1 million Jeep vehicles. These quality issues pressure the stock and echo 2024's troubles.
This point explains a key negative driver: high warranty costs and recalls hurt profitability and investor confidence.
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HSBC Downgrade on Inventory Glut HSBC downgraded Stellantis to Reduce, citing a U.S. inventory glut of 93 selling days and 19 recalls covering 2.5 million units in 2026. This adds pressure on the stock.
This point highlights a specific analyst action and inventory problem that weighed on the stock during the period.
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Q2 U.S. Sales Beat Declining Industry Stellantis's Q2 U.S. sales rose 6%, beating a declining industry. This shows resilience in its key market and supports the stock.
This point provides a positive counterweight: strong sales performance in a tough market.
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Robotaxi and Battery Partnerships Stellantis is supplying vehicles for Uber's Wayve-powered robotaxi service and road-testing solid-state batteries with Factorial, which could boost future EV competitiveness.
This point shows forward-looking initiatives that could drive future growth and investor optimism.
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Stellantis: US sales steady, EV battery shortage hits French plants
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US fuel economy rollback cuts costs Trump approved looser fuel economy rules and scrapped the EV mandate. Stellantis is expected to save $6.6 billion in technology costs through 2031, easing pressure to build expensive, low-demand EVs. This directly boosts future profits and supports the stock.
A major regulatory change that lowers Stellantis's costs and improves its profit outlook.
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EV battery shortage halts three French plants Stellantis will stop production at three French plants for at least a week because it cannot get enough long-range EV batteries from its supplier ACC. This cuts output of key Peugeot and Citroen models, delaying revenue and highlighting a weak spot in its EV supply chain.
A concrete production disruption that hurts near-term sales and exposes supply-chain risk.
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Q3 US sales steady, Ram up 29% Stellantis sold 324,277 vehicles in the US last quarter, flat versus a year ago, with year-to-date sales up 3%. Ram jumped 29% on a 73% rise in Ram 1500 sales, and the 2027 Ram 1500 Rumble Bee sold out its initial allocation in 90 minutes, showing solid demand for its profitable trucks.
Confirms steady demand and a strong truck lineup, key to Stellantis's US profits.
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Detroit 3 far behind Chinese EV investment An analyst warns Stellantis and other Detroit automakers invest under $400 per vehicle in EVs, while Chinese rivals spend $1,700–$2,750. This gap could leave Stellantis uncompetitive in electric cars long term, especially as Chinese brands gain share in Europe and other markets.
Highlights a structural competitive weakness that could weigh on long-term growth.
Q3 2026
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Stellantis Swings to Profit but Faces Downgrades and Tariff Risks
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Return to Profit and Revenue Growth Stellantis swung to a €293 million profit with revenue up 13% and North American shipments jumping 38%, showing early signs of a turnaround after prior losses.
This is the key new financial result that drove positive sentiment in Q3.
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Profit Miss Triggers Downgrades Profit missed analyst estimates, leading JPMorgan, UBS, and Morgan Stanley to downgrade the stock, which pressured shares as investors questioned the pace of recovery.
This explains the negative reaction despite the profit swing.
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Tariff and Cost Headwinds USMCA rules could add $2 billion in annual costs, and Trump's 50% Canadian vehicle tariffs threaten margins, while North American inventory remains bloated at over 140 days.
These are major new external pressures that weighed on the stock.
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Capital Actions and Offsets Stellantis advanced capital discipline with Free2move divestment, a Mobileye ADAS deal, and a $13 billion US investment, while cost cuts and fuel-economy rollback savings offer some offset.
These strategic moves and savings provide a counterweight to the risks.
News & notes movingSTLA
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Electrification & Mobility▼
Tesla Q3 Global Sales Top Estimates at 486,532 Vehicles
Tesla reported third-quarter global vehicle sales of 486,532, a figure that beat most leading estimates even though it came in two percent below the year-ago period. The electric car maker's shares jumped 5.0 percent near midday Friday on the news. Analysts at JPMorgan Chase had projected sales of 482,000, citing data from Europe in July and August showing increased sales from the year-ago level, while they projected lower sales in China and the United States. A larger drop had been expected given a surge in US electric vehicle sales in the same quarter last year ahead of the expiration of a tax credit at the end of September 2025, which was eliminated under legislation backed by US President Donald Trump. Tesla's figures were global and did not break out US sales, though the company noted that surging gasoline prices due to the US-Iran war have boosted interest in EVs. Among other automakers, Ford said its third-quarter sales fell 6.6 percent to 509,764 vehicles, while Stellantis came in at 324,277, nearly identical with the year-ago level; Ford's stock declined 2.2 percent and Stellantis slumped 6.6 percent.
Stellantis Q3 US Sales Steady at 324,277 Vehicles, Year-to-Date Up 3%
Stellantis reported third-quarter 2026 US sales of 324,277 vehicles, essentially flat versus the same quarter a year earlier, while year-to-date sales rose 3% to 958,463 units compared with the first three quarters of 2025. Ram brand sales climbed 29% in the quarter, lifted by a 73% jump in Ram 1500 sales, and Jeep brand sales fell 20% to 128,542 vehicles even as the Cherokee hybrid posted a 7,796% increase on the back of its launch. Chrysler brand sales rose 6% and Dodge brand sales edged up 2%, while FIAT brand sales dropped 83% and Alfa Romeo fell 65%. Michael Orange, Head of U.S. Retail Sales and Network Performance, said retail sales increased for the Ram 1500, up 42%, the Dodge Durango, up 18%, the Jeep Grand Wagoneer, up 14%, and the Chrysler Pacifica, up 7%. The company said orders for the 2027 Ram 1500 Rumble Bee 5.7L sold out their initial 2026 calendar-year allocation in 90 minutes, with the model due in dealerships in the fourth quarter of 2026, and that the FIAT Topolino, Stellantis' first entry into the US micromobility segment, arrived in select dealerships during the quarter.
Stellantis Halts EV Production at Four French Plants on Battery Shortage
Stellantis temporarily halted production at four French plants in October due to a shortage of EV batteries. The affected sites, which include Sochaux, Rennes, Mulhouse and Poissy, assemble electric models for the European market and the stoppages disrupted planned output schedules. Union representatives in France have raised concerns about the impact on shift patterns and worker income security. The company has indicated a 5 to 15 day window for the stoppages, and the key marker to watch is how long the halts actually last versus that window. Any update from Stellantis that quantifies lost EV volumes from these French sites will give investors a clearer read on potential revenue impact for the affected period.
Jeep Unveils 2027 Cherokee Trailhawk Starting at $44,625
Jeep has unveiled the 2027 Cherokee Trailhawk, a new off-road-focused trim of its Cherokee SUV that starts at $44,625 including a $1,995 destination charge and is available to order now. The Trailhawk carries the brand's Trail Rated badge and delivers an estimated 31 MPG combined from a 1.6L turbo hybrid producing 210 horsepower, alongside best-in-class off-road specifications including a standard approach angle of 28.8 degrees, a departure angle of 31.8 degrees and a ramp breakover angle of 21.9 degrees. It is the only SUV in its class to offer a water fording rating depth of 24 inches, and it pairs 9-inch ground clearance with a 1-inch lift, a 45-point Ramp Travel Index improvement over other Cherokee models, a class-exclusive two-speed power transfer unit with a 2.92 low range ratio and a 37.5:1 crawl ratio, plus standard steel skid plates and five Selec-Terrain modes. Jeep brand CEO Branden Coté said the Cherokee Trailhawk is the real deal and earned its Trail Rated badge through a gauntlet of testing scenarios, blending authentic 4x4 capability with hybrid efficiency. The SUV enters production later this year at Stellantis' Toluca Assembly Complex, and three optional packages are offered, including a Sun and Sound package, a trailering package for the Cherokee's 3,500-pound towing figure, and the Advanced Pro Tech Group.
STLA · Technology · Positive Stellantis' Jeep brand unveiled the new 2027 Cherokee Trailhawk with a new 1.6L turbo hybrid powertrain and class-leading off-road specs, a product development for its SUV lineup.
Ford, GM and Stellantis invest under $400 per vehicle in EVs as Chinese rivals spend up to $2,750, analyst warns
Ford, GM and Stellantis each invest less than $400 toward EV research, development and production for every passenger vehicle they sell, while Chinese automakers including BYD, SAIC and Geely invest between $1,700 and $2,750 per vehicle, according to Dale Hall of the International Council on Clean Transportation. Writing in Automotive News, Hall said the Detroit 3 ranked among the world's five least capital-invested automakers in EVs on a sales-adjusted basis as of last year, and warned that no amount of American ingenuity and innovation can close the gap with China's lead. He pointed to the federal government's phase-out of tax credits for new and used electric vehicles and charging infrastructure and its freeze and termination of grants for EV and battery manufacturing, after U.S. makers invested billions in EV projects backed by Inflation Reduction Act assurances. Ford took a $19.5-billion hit tied to scaling back its electric program amid lower-than-expected demand, high costs and regulatory changes. Hall noted China supplies an estimated 70% of the world's car batteries and 80% of car battery cells and has more than 24 times more publicly-accessible EV chargers than the U.S., while BYD overtook Tesla as the world EV leader in 2025.
Electrification & Mobility › China NEV Leaders ▲Competition
F · Capital · Negative Ford invests under $400 per vehicle in EVs versus up to $2,750 by Chinese rivals, and took a $19.5-billion hit from scaling back its electric program.
GM · Capital · Negative GM is among the Detroit 3 investing under $400 per vehicle in EVs, far behind Chinese automakers' $1,700-$2,750.
STLA · Capital · Negative Stellantis is among the Detroit 3 investing under $400 per vehicle in EVs, far behind Chinese automakers' $1,700-$2,750.
002594.CS · Competition · Positive Article highlights BYD's far higher EV investment per vehicle and its overtaking of Tesla as world EV leader, underscoring its competitive lead over the Detroit 3.
0175.HK · Capital · Positive Geely invests between $1,700 and $2,750 per vehicle in EVs, giving it a capital-investment lead over the Detroit 3.
600104.CG · Capital · Positive SAIC invests between $1,700 and $2,750 per vehicle in EVs, giving it a capital-investment lead over the Detroit 3.
NHTSA Sees Automaker Tech Costs Falling $60.6B Through 2031 After Fuel Economy Rollback
The National Highway Traffic Safety Administration expects automakers' technology costs to decline by $60.6B through 2031 following the slashed fuel economy standards finalized this week. Within that total, General Motors' technology costs are seen falling by $20.4B, Stellantis by $6.2B, Hyundai by $5.3B, Ford by $5.1B, Toyota by $4.5B and Honda by $4.1B. NHTSA projected that if savings are passed on to consumers, per-vehicle costs for new vehicles would be reduced by $1,289 for model year 2031, on average. GM said it supported the goals of NHTSA's final rule for Corporate Average Fuel Economy standards and its intention to better align them with market realities. John Bozzella, CEO of the Alliance for Automotive Innovation, called the Biden-era standards an effective requirement to switch to electric vehicles that was out of step with market realities and customer demand, and described the final rule as an appropriate course correction. Under the previous administration, the auto industry was expected to face no more than $1.83B in fines from 2027 through 2031 for not meeting CAFE standards.
GM · Regulation · Positive GM's technology costs are seen falling $20.4B through 2031 under the finalized CAFE rollback, and GM voiced support for the rule.
7203.JP · Regulation · Positive Toyota's technology costs are seen falling $4.5B through 2031 under the finalized CAFE standards rollback.
7267.JP · Regulation · Positive Honda's technology costs are projected to fall $4.1B through 2031 after the fuel economy rollback.
F · Regulation · Positive NHTSA projects Ford's technology costs falling $5.1B through 2031 after the fuel economy rollback.
STLA · Regulation · Positive NHTSA expects Stellantis' technology costs to decline $6.2B through 2031 following the slashed fuel economy standards.
005380.KO · Regulation · Positive NHTSA projects Hyundai's technology costs will fall by $5.3B through 2031 after the fuel economy standards rollback.
Momentа partners with Stellantis China joint venture on advanced driver assistance technology
Chinese autonomous driving software developer Momenta announced on the 28th that it has agreed to cooperate with the joint venture of European and American automaker Stellantis to develop advanced driver assistance technology. Momenta signed a global strategic partnership on the 24th to cooperate on autonomous driving technology with Dongfeng Stellantis Automotive Technology (Wuhan) and two brands under Stellantis. The two companies will jointly develop advanced driver assistance systems for newly mass-produced Peugeot and Jeep models, and the new technology will be introduced in China, Europe, and other markets, supporting Stellantis's global smart mobility strategy through its main brands. Stellantis established a joint venture with Dongfeng in August to compete with Chinese rivals. This partnership further advances Momenta's business expansion beyond its main customer, a German luxury carmaker. Momenta's driver assistance software has been used in public road driving in more than 1.2 million vehicles to date.
Momenta Global · Demand · Positive Momenta signs a global strategic partnership to supply its autonomous driving software for Stellantis's mass-produced Peugeot and Jeep models, expanding beyond its main German luxury customer.
STLA · Technology · Positive Stellantis's JV partners with Momenta to jointly develop advanced driver assistance systems for new Peugeot and Jeep models across China, Europe and other markets.
Dongfeng Stellantis Automotive Technology (Wuhan) · Technology · Positive The Dongfeng Stellantis JV will jointly develop advanced driver assistance technology with Momenta for new models.
GM Unveils New V-8 Engines for 2027 Silverado and Sierra Pickups
General Motors has unveiled new V-8 engines for its redesigned 2027 Chevrolet Silverado and GMC Sierra pickups, reigniting a truck wars rivalry with Ford and Ram as EV sales cool nationwide. The new 6.6-liter V-8 produces 481 horsepower, which GM says beats any naturally aspirated half-ton engine on the market and tops Ford's twin-turbocharged V-6 on both power and towing capacity. V-8 models account for 55% of Silverado sales and roughly 61% of Sierra 1500 sales, so the stronger gas engines are aimed at protecting the mix, pricing, and plant utilization that drive GM's North American earnings. The launch carries execution risk: Silverado sales fell 4.6% in the first half of 2026 while Sierra sales stayed roughly flat and Ram sales rose 19%, and a federal investigation into failures involving GM's current 6.2-liter V-8 hangs over the new product cycle. GM began developing the new engine family in 2018, and the 2027 launch gives the business a way to earn returns from that work as it adjusts the pace of its EV spending to actual customer demand.
Stellantis, Unifor Talks Break Down Over Future of Brampton Plant
Contract talks between Stellantis and Canadian union Unifor broke down after 10 days of bargaining, with the future of the automaker's idled Brampton Assembly Plant emerging as the central obstacle, the Wall Street Journal reported on September 11, 2026. Stellantis has signed a memorandum of understanding with defense-industry supplier Roshel, which has expressed interest in buying the Ontario facility, a proposal Unifor says threatens the wages, pensions and benefits of its members and would deal what the union called a devastating blow to Canada's industrial sector. Stellantis closed the Brampton plant for retooling in 2023, paused that work in 2025 and later moved planned Jeep Compass production to Illinois after U.S. tariffs changed the economics of Canadian production. Roshel plans to establish a defense-manufacturing center at the facility and has offered letters giving laid-off Unifor workers first consideration for jobs, while roughly 2,200 Brampton workers have faced indefinite layoffs. Unifor says Stellantis backed away in October 2025 from a previous commitment to invest in Jeep production at Brampton and later told the union it was considering selling the facility, a sequence that has made Brampton the central issue in the impasse and could complicate management's relationship with more than 9,000 unionized Canadian employees.
STLA · Regulation · Negative Contract talks with Unifor broke down over the future of the idled Brampton plant, complicating Stellantis's relationship with 9,000+ unionized Canadian workers.
Roshel · Capital · Positive Roshel signed an MOU and expressed interest in buying Stellantis's Brampton Assembly Plant to establish a defense-manufacturing center.
Stellantis CEO Filosa Splits U.S. and Overseas Strategies, Taps Leapmotor and Dongfeng Abroad
Stellantis CEO Antonio Filosa told an analyst conference on September 10, 2026 that the global auto industry has split into two distinct markets, saying, "We see clearly the world divided into two things: one is the United States, and then we have the rest of the world." Under the strategy, Stellantis relies fully on domestic engineering and development for its U.S. vehicles and does not plan to use its Leapmotor or Dongfeng partnerships for U.S. models. Outside the United States, including in Europe, the company is partnering with Chinese automakers Leapmotor and Dongfeng to localize production and share purchasing costs. The split comes as Washington scrutinizes automakers' ties with Chinese companies, and the Trump administration has criticized Ford over its European joint venture with China's Geely. Hedge fund count for Stellantis fell to 26 in the second quarter from 32 in the first, with position value nearly halving to $195.4 million from $423.6 million, while Ford's holders held steady at 50 with position value slipping to $1.02 billion from $1.12 billion.
Electrification & Mobility › China NEV Leaders Competition
STLA · Regulation · Neutral Stellantis splits US vs overseas strategy, keeping Leapmotor/Dongfeng partnerships out of US models amid Washington scrutiny of Chinese ties.
600006.CG · Demand · Positive Stellantis will partner with Dongfeng to localize production and share purchasing costs outside the US, giving Dongfeng overseas production demand.
9863.HK · Demand · Positive Stellantis will partner with Leapmotor to localize production and share purchasing costs outside the US, expanding Leapmotor's overseas footprint.
GM Keeps Diesel for Redesigned Silverado and Sierra
General Motors is sticking with diesel engines for the redesigned Chevrolet Silverado and GMC Sierra, which are scheduled to launch in the fourth quarter with an upgraded 3.0-liter diesel and an optional larger fuel tank delivering more than 900 miles of highway range. The decision matters because Silverado and Sierra are among GM's most important profit generators: GMNA posted an 8.6% EBIT-adjusted margin in the second quarter, up from 6.1% a year earlier, and generated $3.45 billion of EBIT-adjusted earnings, up 43% year over year, with the company citing strong full-size pickup demand and favorable product mix. GM's current four-wheel-drive diesel Silverado and Sierra already achieve about 24 mpg, slightly above Ford's hybrid F-150 at 23 mpg, according to federal ratings cited by Reuters. The risk is that hybrids represented 19% of U.S. vehicle retail sales in August 2026 while GM largely lacks hybrid offerings, and GM's U.S. market share had fallen to 16.8% as Toyota and Honda gained ground, with Reuters estimating that owners driving 15,000 miles annually could spend about $1,050 more on fuel with GM's diesel pickups. Ford and Stellantis are leaning more heavily into hybrid powertrains for their light-duty pickups, and Stellantis' planned extended-range hybrid Ram is expected to offer up to 690 miles of range.
GM · Demand · Positive GM sticks with diesel for redesigned Silverado/Sierra, citing strong full-size pickup demand and favorable product mix that lifted GMNA margins and EBIT.
F · Competition · Neutral Ford's hybrid F-150 is cited as slightly less efficient than GM's diesel pickups, but Ford is also noted as leaning more heavily into hybrid powertrains.
STLA · Competition · Neutral Stellantis is leaning into hybrid powertrains and its planned extended-range hybrid Ram is expected to offer up to 690 miles of range, a competitive contrast to GM's diesel strategy.
GlobalUnited StatesUnited KingdomGermanyJapanSingaporeIndiaHong Kong SAR China
Robotics & Physical AI▲
Wayve Partners With Mercedes-Benz as Waymo Concentrates Fleet in Two States
Wayve has locked in a commercial partnership with Mercedes-Benz to integrate its automated driving tech into at least one model set to be deployed within the next two years, a Level 2 product that still requires the human driver to remain engaged. The deal follows similar partnerships with Nissan and Stellantis, and earlier this year Wayve announced a partnership with Nissan and Uber to launch a robotaxi service in Tokyo. Meanwhile, about 80% of Waymo's roughly 4,000 robotaxis are in California and Texas, with its Texas fleet growing by more than 49% in the past three weeks. Aurora, which is developing and commercializing self-driving trucks, said it is targeting more than 30,000 driverless trucks in operation by 2030 and plans to have more than 200 driverless trucks by the end of the year. In other news, Zoox grounded its autonomous vehicle test fleet in Atlanta after safety drivers were potentially exposed to carbon monoxide, carbon dioxide, or hydrogen sulfide gas inside its vehicles last month, prompting one worker to file a complaint with the Occupational Safety and Health Administration. On the deals front, Carro is considering a dual listing on the Nasdaq and the Singapore Exchange, Spinny and PMI Electro Mobility Solutions have both filed confidentially for IPOs, EcoCeres reportedly plans to raise about $1 billion in a Hong Kong initial public offering, and Ultraviolette raised $85 million and brought on Intel CEO Lip-Bu Tan as an adviser.
Robotics & Physical AI › Autonomous Trucking & Delivery ▲Demand
Robotics & Physical AI › Autonomous Vehicles & Robotaxi ▲Competition
Robotics & Physical AI › Robotaxi Operators & Platforms ▲Competition
Wayve Technologies Limited · Demand · Positive Wayve locked in a commercial partnership with Mercedes-Benz to integrate its automated driving tech into at least one model within two years.
MBG.XETRA · Demand · Positive Wayve locked in a commercial partnership with Mercedes-Benz to integrate its automated driving tech into at least one model set to be deployed within the next two years.
Ultraviolette Automotive · Capital · Positive Ultraviolette raised $85 million and brought on Intel CEO Lip-Bu Tan as an adviser.
Carro · Capital · Neutral Carro is considering a dual listing on Nasdaq and Singapore Exchange, a potential capital-markets event.
7201.JP · Demand · Positive Wayve's commercial partnership with Mercedes-Benz follows similar deals with Nissan, signaling adoption of its automated driving tech.
2373.TW · Demand · Positive Aurora targets more than 30,000 driverless trucks by 2030 and over 200 by year-end, indicating growing commercialization of its self-driving trucks.
Trump Approves New Fuel Economy Standards, Ends Biden EV Mandate
President Trump said Saturday he has approved new fuel economy standards for cars and trucks and eliminated the electric vehicle mandate signed by former President Biden. In a post on Truth Social, Trump said the new standards will take the waste out of building cars in America, bringing lower prices and saving families thousands on a new car, and he added that more than $100B is being invested in American automobile manufacturing under his administration. Biden's 2021 executive order had aimed to have half of all new vehicle sales in the US electric by 2030. In December 2025, the National Highway Traffic Safety Administration proposed a fleetwide average of 34.5 miles per gallon by 2031, compared with the 50.4 miles per gallon Biden had called for. NHTSA projected its proposal would save $930 per vehicle, but according to a Reuters report it would add 100 billion gallons of fuel consumption through 2050, increase carbon dioxide emissions by 5%, and boost fuel spending by $185B. In late August, Transportation Secretary Sean Duffy said the administration would soon unveil a common-sense fuel economy standard because it wants Detroit to build cars that Americans want to buy.
Energy Transition & Power Demand › Energy Storage & Grid Flexibility ▼Regulation
Electrification & Mobility › China NEV Leaders ▼Regulation
F · Regulation · Positive Trump's new fuel economy standards and end of the EV mandate ease compliance costs for Ford's gas-heavy lineup.
GM · Regulation · Positive GM benefits from relaxed fuel economy rules and removal of the EV mandate, reducing pressure to shift to electric vehicles.
STLA · Regulation · Positive Stellantis gains from looser fuel economy standards and the scrapped EV mandate, easing costly EV transition requirements.
TSLA · Regulation · Negative Eliminating Biden's EV mandate and lowering fuel economy targets undercuts the regulatory push that drives Tesla's EV sales.
Peugeot Invest H1 2026 NAV Falls 12.5% as Stellantis Slide Offsets 8.5% Portfolio Return
Peugeot Invest reported a net asset value of EUR144.8 per share as of June 30, down 12.5% over the period, as a 48% decline in the Stellantis share price more than offset an 8.5% net return on its investment portfolio at constant exchange rates. That portfolio return translated into value creation of just below EUR240 million, or EUR236 million, helped by a positive foreign exchange contribution of EUR50 million, while the investment portfolio now represents 79% of gross asset value and Stellantis accounts for only 20%. Net profit at group share rose year-on-year to EUR135.8 million despite lower dividend income, and the dividend was maintained at EUR3.25 per share, having grown on average 7% per annum over the last 10 years. Net debt fell by EUR56 million to EUR320 million at June 30, with a loan-to-value ratio stable at 7.8% and liquidity of EUR785 million in undrawn credit facilities plus EUR255 million in cash. Disposals completed in the first half totaled EUR330 million, excluding EUR97 million of Doctrine proceeds received in early H2, and included the LISI exit at EUR116 million and the Immobilia Dassault sale at EUR72 million, while new investments comprised EUR140 million in the Total Mobile and Solvares merger and USD175 million in Merion Nutrition, expected to close in October. CEO Jean-Charles Douin said Stellantis's financial performance is disappointing but pointed to early positive signs under the Fastlane 2030 recovery plan, and said share buybacks remain in the toolbox even though the company favors dividends given its small free float.
PEUG.PA · Capital · Negative Peugeot Invest's NAV per share fell 12.5% as the Stellantis slide more than offset an 8.5% portfolio return.
STLA · Capital · Negative Stellantis share price fell 48%, driving Peugeot Invest's NAV down and prompting CEO to call its financial performance disappointing.
Stellantis to Showcase Nine Concepts and Over 60 Vehicles at Paris Motor Show
Stellantis plans to display nine concept cars and more than 60 vehicles at the upcoming Paris Motor Show, a showcase spanning electric vehicles, fresh model launches across several of its brands, and new powertrain technologies. The nine concepts are built on the STLA One platform, and the display will occupy a 5,340 square meter stand. Jeep, part of the Stellantis group, has introduced the 2027 Wrangler JL-2A, drawing design cues from the historic Willys lineage. The company, described as a €11.5b auto group based in GB, designs and builds passenger cars, light commercial vehicles and powertrains worldwide, and the rollout offers investors a view into how its multi brand portfolio might evolve across segments. Attention now shifts to follow through such as order intake and mix for models including DS N°7, Lancia Gamma and the new FIAT SUVs over the next few quarters.
STLA · Technology · Positive Stellantis will showcase nine STLA One-based concepts and 60+ vehicles including new EVs and powertrain tech at the Paris Motor Show.
Cox Automotive Forecasts Steepest US Market-Share Declines for GM and Ford in 2026
General Motors and Ford Motor are forecast to post the steepest US market-share declines among 13 car companies tracked by Cox Automotive, according to the firm's quarterly forecast. Ford's vehicle sales are expected to drop 8.8% through the first three quarters of the year, knocking its market share down nearly a full percentage point to 12.5%. GM is expected to end the quarter with a 16.7% market share, down from 17.4% a year earlier, as its US vehicle sales underperform a broader industry that Cox projects will decline 6.2% year-to-date through September 30. Chrysler-parent Stellantis is expected to gain market share through the third quarter, yet the combined share of the three Detroit automakers is expected to hit an all-time low of around 36%, said Charlie Chesbrough, senior economist at Cox Automotive, who added that Asian brands are expected to account for more than half of US new-vehicle sales for a second consecutive quarter. Toyota is forecast to post year-over-year growth in the third quarter and continues to close the gap with GM, while Hyundai Motor Group is also expected to deliver another strong quarter with sales rising from both a year ago and the prior quarter and ahead of Ford Motor Company. Tesla's year-to-date sales are projected to drop 18.9% year-over-year, pulling its market share down to 3.0% from 3.7%.
F · Demand · Negative Cox forecasts Ford's US vehicle sales to drop 8.8% and market share to fall nearly a full point to 12.5%.
GM · Demand · Negative Cox forecasts GM's US sales to underperform the industry, cutting its market share to 16.7% from 17.4%.
TSLA · Demand · Negative Tesla's year-to-date sales are projected to drop 18.9% year-over-year, pulling market share down to 3.0% from 3.7%.
7203.JP · Demand · Positive Toyota is forecast to post year-over-year Q3 growth and continues to close the gap with GM.
STLA · Demand · Positive Stellantis is expected to gain US market share through the third quarter, bucking the Detroit decline.
005380.KO · Demand · Positive Hyundai Motor Group is expected to deliver another strong quarter with sales rising from a year ago and the prior quarter, ahead of Ford.
Stellantis Recalls 201,976 Jeep Vehicles Over Tire-Pressure Software Glitch
Stellantis is recalling 201,976 Jeep vehicles to fix a software error in their tire-pressure monitoring systems, a defect identified by the National Highway Traffic Safety Administration. The recall covers the Cherokee, Grand Cherokee, Wagoneer and Grand Wagoneer models, which will receive software updates, and adds to an extensive list of recalls during 2026. The quality setback comes as the automaker prepares to launch extended-range electric vehicles, or EREVs, in the U.S. market, offering EREV versions of its Ram 1500 and Jeep Grand Wagoneer. Stellantis remains committed to its €60 billion five-year strategic plan and was reportedly planning to invest more than €1 billion, or $1.16 billion, in France, while targeting a €6 billion annual cost-reduction run-rate by 2028. Institutional exposure slipped, with the number of hedge funds tracked by Insider Monkey holding the stock falling to 26 by the end of the second quarter of 2026 from 32 in the previous quarter, and Bpifrance SA remains the largest institutional investor with 192.7 million shares, or 6.10% of outstanding shares.
STLA · Regulation · Negative Stellantis is recalling 201,976 Jeep vehicles over a tire-pressure monitoring software defect, adding to its extensive 2026 recall list.
KBRA Assigns Preliminary Ratings to First Investors Auto Owner Trust 2026-2
KBRA has assigned preliminary ratings to six classes of notes issued by First Investors Auto Owner Trust 2026-2, an asset-backed securitization collateralized by a pool of auto loans. The deal will issue six classes of notes totaling $518.3 million, with initial credit enhancement of 37.15% for the Class A-1, Class A-2 and Class A-3 notes, stepping down to 14.65% for the Class D notes. Credit enhancement consists of subordination, except for the Class D notes, along with overcollateralization, a reserve account and excess spread. FIAOT 2026-2 is the second term ABS securitization in 2026 for Stellantis Financial Services, Inc., doing business as First Investors Financial Services, and the sixth since the company was acquired by Stellantis N.V. in 2021. SFS is the indirect finance subsidiary of Stellantis that purchases near-prime and prime retail installment contracts and leases from approximately 2,500 Chrysler, Jeep, RAM, Alfa Romeo and Fiat franchise dealerships across the United States. KBRA applied its Auto Loan ABS Global Methodology, its Global Structured Finance Counterparty Methodology and its ESG Global Rating Methodology in its analysis, and said operative agreements and legal opinions will be reviewed prior to closing.
Stellantis Financial Services, Inc. · Capital · Neutral SFS is the sponsor of the FIAOT 2026-2 auto-loan ABS securitization, its second term deal of 2026, which is a neutral financing event.
STLA · Capital · Neutral Stellantis's finance subsidiary is issuing a $518.3M auto-loan ABS, a routine financing event with no clear positive or negative read for the parent.
Stingray's TuneIn Signs Deal to Bring App to Select Future Stellantis Vehicles
Stingray announced that its TuneIn streaming audio platform has entered into an agreement with global automaker Stellantis to bring the TuneIn application directly into select future Stellantis vehicles. The new global agreement gives Stellantis drivers access to more than 100,000 radio stations, including breaking news and programming from leading local, national and global broadcasters, along with curated music and podcasts, plus intuitive driver controls for playing, pausing and changing audio on the road. Rich Stern, CEO of TuneIn, said Stellantis is an incredible partner that shares the company's vision for exceptional in-car experiences. The integration is part of Stingray's broader strategy to expand automotive access to its audio catalog, and the company said it is positioned to significantly strengthen its global automotive presence and accelerate the rollout of branded in-vehicle audio experiences. TuneIn is already available to listeners worldwide through more than 200 connected devices and 14 automotive brands.
Stingray Group Inc. · Demand · Positive Stingray's TuneIn signs a global deal to embed its app in select future Stellantis vehicles, expanding automotive access to its audio catalog
TuneIn · Demand · Positive TuneIn's streaming audio platform is being integrated into select future Stellantis vehicles under a new global agreement
STLA · Demand · Positive Stellantis vehicles will gain TuneIn's 100,000+ stations and podcasts, enhancing in-car audio features for its drivers
Peugeot Family Firm Gains €131 Million From SpaceX Stake
Peugeot Invest, the investment firm of the billionaire Peugeot family, got a €131 million boost from its indirect holding in SpaceX through Valor Equity Partners funds, according to first-half results released Thursday. That gain partially offset a deep slump in the value of its stake in automaker Stellantis NV, whose 47% stock-price decline would otherwise have nearly erased returns over the period. Chief Executive Officer Jean-Charles Douin said the portfolio's good performance was driven by technology assets, particularly SpaceX and Doctrine, and that Peugeot Invest is in talks to sell its holding in the Doctrine legal platform. The firm this week announced the $175 million acquisition of a minority stake in Mérieux NutriSciences as part of a more active management of its portfolio, and Douin said the sale of its stake in Immobiliere Dassault ends its foray into property. Asked about the Stellantis holding, Douin said Peugeot Invest remains aligned with the carmaker's management and turnaround plan despite its disappointing performance, and that at this stage there is no project to decouple or otherwise restructure that legacy investment.
PEUG.PA · Capital · Positive Peugeot Invest gained €131 million from its indirect SpaceX holding via Valor Equity Partners funds, boosting first-half results.
STLA · Capital · Negative Peugeot Invest's stake in Stellantis suffered a 47% stock-price decline that weighed on its portfolio returns.
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Electrification & Mobility▲
EU New Car Registrations Rise 4.5% in August as BEV Share Hits 21.7%
EU new passenger car registrations rose 4.5% year over year to 708,211 units in August, extending the market's growth streak to seven consecutive months, the ACEA reported Thursday. August growth accelerated from a 3% increase in July, with all four of the EU's largest car markets posting gains: Spain at 11.8%, France at 7.4%, Italy at 3.2%, and Germany at 2.6%. For the first eight months of 2026, new EU car registrations increased 5.3% despite persistent geopolitical uncertainty and rising energy prices, and battery electric vehicles accounted for 21.7% of registrations through August, up from 15.8% a year earlier, while hybrids held the largest share at 36.6% and plug-in hybrids 10%. Among major markets, BEV registrations rose 74.2% in France, 53.1% in Germany, and 40.9% in Denmark in the first eight months of 2026, with those three countries together accounting for 64% of total EU BEV registrations during the period. Year to date, Chinese automakers continued to post strong gains in the EU, with Chery Automobile up 250.9% to 116,318 units and BYD Company up 163% to 177,752 units, while Tesla sales climbed 65.9% to 142,165 units, SAIC Motor gained 19.8% to 163,707 units, and Geely Group rose 7.8% to 205,047 units; among major traditional automakers, Volkswagen Group rose 1.3% to 1.99M units and Stellantis increased 5.2% to 1.20M units, while Ford Motor fell 17.7%, Renault Group declined 4%, and Hyundai dropped 2.2%.
0175.HK · Demand · Positive Geely Group rose 7.8% to 205,047 units in the EU year to date, growing end-customer sales.
9973.HK · Demand · Positive Chery Automobile was up 250.9% to 116,318 units in the EU year to date, a sharp gain in end-customer demand.
F · Demand · Negative Ford Motor fell 17.7% in EU registrations year to date, a clear loss of end-customer demand in the region.
STLA · Demand · Positive Stellantis increased 5.2% to 1.20M units in the EU year to date, gaining end-customer sales.
TSLA · Demand · Positive Tesla sales climbed 65.9% to 142,165 units in the EU year to date, strong end-customer demand.
002594.CS · Demand · Positive BYD's EU registrations surged 163% to 177,752 units year to date, reflecting strong end-customer demand for its vehicles in the region.
TD Cowen Calls Auto Stock Selloff on Chinese EV Fears 'Overdone' Ahead of Trump-Xi Talks
TD Cowen told clients on Tuesday that the recent selloff in auto stocks over fears of Chinese automakers entering the US market is "overdone," as President Xi Jinping arrives in Washington on Wednesday for three days of talks with President Trump. Senior analyst Itay Michaeli wrote that a shift in US import policy at the summit is "very unlikely," though he urged investors to prepare for that eventuality anyway, noting that most industry contacts share that view. A coalition led by the Alliance for Automotive Innovation, joined by the American Automotive Policy Council, dealer group NADA, and supplier association MEMA, sent a letter to Trump urging the administration to "keep the door firmly shut to Chinese automakers seeking to sell, import, or manufacture vehicles inside the US," crediting Trump's 100% tariffs on Chinese vehicles and a Commerce Department rule barring Chinese connected-car software with shielding the US from the surge seen in Europe, Australia, Southeast Asia, Mexico, and South America. TD Cowen laid out guardrails under which Chinese automakers could be forced in through minority-owned joint ventures with domestic players and probably barred from building full-size trucks, and Michaeli argued such structures "might even prove EPS accretive given sizable D3 EV losses," with Stellantis arguably having the most to gain given its lower North America EBIT starting point. The firm sees EV suppliers and charging networks like ChargePoint and EVgo as beneficiaries of faster US EV adoption, and parts makers with existing ties to Chinese OEMs, including BorgWarner and Aptiv, as "better positioned" than most, while the math is mixed for EV pure-plays Tesla, Rivian, and Lucid. The catch, per Michaeli, is that Big Three stock multiples could still suffer on the long-term risk that any initial restrictions eventually get lifted.
STLA · Competition · Positive TD Cowen argues Stellantis has arguably the most to gain from Chinese automakers being forced into minority-owned JVs, given its lower North America EBIT starting point.
APTV · Competition · Positive TD Cowen says parts makers with existing ties to Chinese OEMs, including Aptiv, are 'better positioned' than most amid Chinese EV entry fears.
BWA · Competition · Positive TD Cowen names BorgWarner among parts makers with existing Chinese OEM ties as 'better positioned' than most.
GM · Tariff · Neutral TD Cowen says auto selloff on Chinese EV entry fears is overdone; US import policy shift unlikely, with 100% tariffs and connected-car rule shielding US automakers.
CHPT · Demand · Positive TD Cowen sees EV charging networks like ChargePoint as beneficiaries of faster US EV adoption.
EVGO · Demand · Positive TD Cowen sees EV charging networks like EVgo as beneficiaries of faster US EV adoption.
Stellantis Reportedly Plans $1.16 Billion France Van Plant Investment
Stellantis is reportedly preparing a $1.16 billion investment to upgrade its manufacturing plant in Hordain, France, part of a broader €60 billion five-year strategic plan. The reported spending would improve efficiency at the site, bring some supplier-outsourced manufacturing processes in-house, and expand research and development as the company prepares new vehicles. Chief Executive Officer Antonio Filosa has reiterated plans to roll out dozens of new models while addressing overcapacity at some plants, and Stellantis has separately confirmed more than €1 billion of investment at its Mulhouse plant to build three new Peugeot electric and hybrid models starting in 2029. The automaker is targeting €6 billion in annual savings by 2028 and is pursuing partnerships with Zhejiang Leapmotor Technology and Dongfeng Motor to share manufacturing capacity in Spain and France. Stellantis reported second-quarter net income of €293 million, below analyst estimates of €464 million, as it faces pressure from cheaper Chinese brands.
JAC Motors hits limit up in late trading amid reports Stellantis in talks over Maserati collaboration with Huawei and JAC
JAC Motors suddenly hit the daily limit up in late trading today, closing at 21.32 yuan per share, with a latest market value of 48.059 billion yuan. More than 130,000 lots were queued on the limit-up board, lifting other automakers such as BAIC BluePark, Yutong Bus, BYD, and Great Wall Motor. On the news front, the market is watching two developments. First, the cooperation model between Seres and Huawei has changed. JAC Motors told Yicai that the company and Huawei are currently cooperating under the established cooperation model. Separately, multiple media outlets reported that Stellantis is in talks with Huawei and JAC Motors on a long-term industrial cooperation involving its ultra-luxury brand Maserati, planning to apply Huawei's Harmony Intelligent Mobility Alliance platform to Maserati models, with the goal of launching the first jointly developed mass-produced vehicle by the end of 2027. In response, a Stellantis China representative said the company does not comment on market rumors or speculation, and that Maserati's future strategy and development plans will be officially announced at an investor day event in Modena, Italy, this December.
600418.CG · Competition · Positive Shares hit limit up amid reports Stellantis is in talks with Huawei and JAC on a long-term cooperation involving Maserati and Huawei's HIMA platform.
STLA · Competition · Neutral Reported to be in talks with Huawei and JAC on a long-term industrial cooperation applying Huawei's HIMA platform to Maserati models, but Stellantis declined to comment on the rumors.
Huawei · Competition · Positive Reported as the platform provider in talks with Stellantis and JAC to apply its Harmony Intelligent Mobility Alliance platform to Maserati models.
Ally Financial reaffirmed its full-year net interest margin guidance of 3.6% to 3.7%, with Chief Financial Officer Russ Hutchinson saying at an investor event that the company remains on track to meet the guidance it issued at the start of the year. About $20 million in third-quarter lease losses tied to recalled Stellantis vehicles is expected to keep sequential margin growth roughly flat, though Hutchinson said Ally still expects to exit the year at the high end of, or above, its 3.7% margin target. The Stellantis-related lease pressure is expected to persist through the remainder of 2026 but ease in 2027 as Ally's lease portfolio becomes more diversified and protected leases begin to mature. Ally also reaffirmed its 2026 retail auto net charge-off guidance of 1.8% to 2%, with the midpoint at 1.9%, and maintained guidance for 3% to 5% average earning-asset growth and approximately 1% operating-expense growth. The company reported 7% year-over-year growth in deposit customers, with 75% of that growth coming from millennial and Gen Z consumers, and roughly 25% loan growth in Corporate Finance since launching Focus Forward.
ALLY · Capital · Positive Ally reaffirmed full-year net interest margin guidance of 3.6%-3.7% and 2026 charge-off guidance, signaling stable earnings outlook despite Stellantis lease losses.
STLA · Supply · Negative Recalled Stellantis vehicles caused about $20 million in third-quarter lease losses for Ally, with the lease pressure expected to persist through 2026.
Chinese Automakers Seek European Production Sites as EU Weighs Local Content Rules, BYD Adviser Says
Chinese automakers are scouting locations for production bases in Europe after the EU signaled it will introduce local content requirements. Alfredo Altavilla, BYD's adviser for Europe, told Reuters at the opening ceremony of a Denza premium brand dealership in Turin, Italy, that companies are focusing their efforts on inspecting existing auto assembly plants, which can start production faster than building factories from scratch. The European Commission is drafting a "Made in Europe" policy that favors industrial parts and products made within the bloc, and is expected to set minimum local content thresholds for EVs sold in the region, possibly as early as next year. BYD aims to acquire existing plants, take full ownership and then retrofit them; its first European passenger car plant in Hungary is in the early stages of production, and the company is expected to select a second European site within the year. Altavilla said that to grow while meeting EU regulations, BYD will eventually need "three assembly plants and one battery plant" in Europe, adding that Spain and France offer "clearly simpler situations" and are the "most feasible" options. Italy is a "second-best" choice because Stellantis is reluctant to sell plants, he said. Chinese manufacturers have already begun partnerships to share production lines at underutilized European plants: Leapmotor is teaming up with Stellantis in Spain, Dongfeng Motor with Stellantis in France, Geely with Ford Motor in Spain, and Chery has bought a plant in Spain previously owned by Nissan.
002594.CS · Regulation · Positive BYD adviser says the company is scouting European plants and will need three assembly plants plus a battery plant in Europe to meet EU local content rules.
0175.HK · Demand · Positive Geely is named as partnering with Ford to share production lines at an underutilized plant in Spain, expanding its European production footprint.
9863.HK · Demand · Positive Leapmotor is teaming up with Stellantis in Spain to share production lines, advancing its European manufacturing presence.
9973.HK · Demand · Positive Chery has bought a plant in Spain previously owned by Nissan, establishing European production capacity.
STLA · Competition · Neutral Stellantis is teaming with Leapmotor in Spain and Dongfeng in France, but is reluctant to sell plants to Chinese automakers like BYD.
600006.CG · Regulation · Neutral Named as partnering with Stellantis in France to share production lines, a response to EU local content rules; no new development specific to Dongfeng.
Stellantis Weighs Sale of 60.5% Aramis Group Stake
Stellantis N.V. is considering selling its controlling stake in used-car marketplace Aramis Group as the automaker prepares for a larger investment cycle. Stellantis owns 60.5% of Aramis and controls 67.4% of its voting rights, and Rothschild & Co and Citi have reportedly been hired to work on a prospective sale. Aramis is now valued at just 263 million, down from nearly 1.9 billion at its 2021 IPO, and sales of Aramis vehicles fell more than 6% to 1.6 billion in the first nine months of 2026, with restored vehicle sales down about 5%. The prospective exit comes as management focuses more on Stellantis' main automotive business, with the automaker planning investments of almost 60 billion up to 2030 amid growing competition, mainly from Chinese manufacturers. Stellantis shares rose roughly 3.4% on Thursday.
Electrification & Mobility › Western / Legacy & Pure-play OEMs Capital
ARAMI.PA · Capital · Negative Aramis faces a prospective controlling-stake sale by Stellantis, with its valuation down to 263 million from 1.9 billion at IPO
STLA · Capital · Positive Stellantis weighs selling its 60.5% Aramis stake to fund a nearly 60 billion investment cycle, and shares rose 3.4%
Stellantis and Ford to Launch Extended-Range EVs in US, WSJ Reports
Stellantis and Ford are preparing to launch extended-range electric vehicles in the US that run purely on battery power but carry a small gasoline engine used only as an onboard generator, the Wall Street Journal reported on September 7, 2026. Stellantis plans to introduce an extended-range Jeep Grand Wagoneer later this year or early next, followed by the Ram 1500 REV, which the Journal reports can travel roughly 690 miles on a full battery and tank of gas combined. Stellantis previously scrapped an all-electric version of the Ram 1500 in favor of this range-extended design, and plans to offer more than 100 miles of electric range in its new EREVs. Ford plans to bring back the F-150 Lightning as an EREV, while Hyundai is also preparing extended-range models for the US market. Hedge fund holders of Stellantis fell to 26 in the second quarter from 32 in the first, with the combined position value nearly halving to $195 million from $424 million, while Ford's holder count held steady at 50 funds and its position value dipped slightly to $1.02 billion from $1.12 billion.
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Electrification & Mobility▼
Morgan Stanley Downgrades Stellantis to Underweight, Cuts Target to $5.20
Morgan Stanley downgraded Stellantis to Underweight from Equal Weight and cut its price target to $5.20 from $8.00, sending the automaker's shares down more than 2% on Monday. The rating change came as part of a broader review of European automakers by analysts led by Javier Martinez de Olcoz Cerdan, who cited changes in Stellantis' inventories and incentives and said the product pipeline is lagging behind peers, potentially limiting the company's ability to reduce investment as cash generation declines. Morgan Stanley said Stellantis has the widest risk/reward skew in the sector, flagging refinancing as one potential risk, while asset disposals or changes to the United States-Mexico-Canada Agreement could affect its outlook in other scenarios. In the same review, Morgan Stanley upgraded Renault to Equal Weight from Underweight and raised its price target to €31 from €25, calling it the company with the largest increase in its estimates, and maintained Overweight ratings on Mercedes-Benz and BMW, lifting its Mercedes-Benz target to €59 from €58 and its BMW target to €76 from €74, with Mercedes-Benz remaining its preferred stock in the sector. Volkswagen's price target was raised to €89 from €77 with its Equal Weight rating maintained, Porsche stayed Underweight, and Morgan Stanley said it believes the cyclical margin bottom is behind us, raising its 2026 and 2027 estimates for the European automotive sector for the first time since April 2024, with forecasts now slightly above consensus.
Electrification & Mobility › Western / Legacy & Pure-play OEMs Capital
STLA · Capital · Negative Morgan Stanley downgraded Stellantis to Underweight and cut its price target to $5.20 from $8.00, flagging lagging product pipeline and refinancing risk.
RNL.PA · Capital · Positive Morgan Stanley upgraded Renault to Equal Weight from Underweight and raised its price target to €31 from €25, citing the largest increase in its estimates.
MBG.XETRA · Capital · Positive Morgan Stanley maintained Overweight on Mercedes-Benz, lifted its target to €59 from €58, and kept it as the sector's preferred stock.
BMW.XETRA · Capital · Positive Morgan Stanley maintained its Overweight rating on BMW and raised its price target to €76 from €74.
VOW.XETRA · Capital · Positive Morgan Stanley raised Volkswagen's price target to €89 from €77 while maintaining its Equal Weight rating.
P911.XETRA · Capital · Negative Morgan Stanley kept Porsche at Underweight in its European automaker review.
Stellantis Delays Belvidere Reopening to 2029, Weighs Brampton Sale
Stellantis has pushed back production at its idled Belvidere Assembly Plant in Illinois, now targeting pilot production of the next-generation Jeep Cherokee in the first half of 2028 and retail production in the second half of 2029, roughly two years later than its previous 2027 initial-production target. The plant has been dormant since February 2023, when Stellantis ended Jeep Cherokee production and laid off over 1,300 employees. Stellantis announced it is raising its Belvidere investment to more than $800 million, up from a previous commitment of $600 million or more, and confirmed the plant will build the next-generation Cherokee on its new STLA One platform, the first vehicle built in the US on that modular design. According to UAW Local 1268 president Matt Frantzen, citing internal records and talks with company executives, the updated schedule pushes pilot production into the first half of 2028 and retail production to the second half of 2029. Separately, Unifor, the Canadian union representing Detroit Three autoworkers, said Stellantis has signed an MOU with Canadian armored-vehicle maker Roshel outlining a potential sale of its Brampton, Ontario assembly plant, which has been idle since 2023; union president Lana Payne said Stellantis has yet to provide the official year's notice required by the collective agreement and called it a lose-lose scenario. The two situations are linked: Brampton had been scheduled to build the Jeep Compass, with retooling beginning in early 2024 before Stellantis paused it in 2025 and then, that October, moved Compass manufacturing to the US entirely, the same reassignment that sent the model to Belvidere. Hedge fund ownership fell to 26 funds in the second quarter from 32 in the first, and short interest stands at a moderate 6.53% of the float.
STLA · Supply · Negative Stellantis pushed back Belvidere Cherokee production to 2029 and is weighing the sale of its idle Brampton plant, delaying its manufacturing capacity ramp-up.
Roshel · Capital · Neutral Roshel signed an MOU outlining a potential purchase of Stellantis's Brampton plant, but the deal is only a non-binding potential sale.
Unifor and Stellantis Reach Impasse Over Brampton Plant Closure
Unifor and Stellantis have reached an impasse in collective bargaining negotiations after 10 days of intensive talks, with the union's Master Bargaining Committee pausing negotiations in Toronto and actively considering next steps. Central to the impasse is the future of Stellantis' Brampton Assembly Plant, and the company has yet to confirm forecasted plans for the Windsor Assembly Plant and Etobicoke Casting Plant. Stellantis has offered only conditional agreement with the economic pattern settlement tied to the closing of Brampton, and in August of 2026 the company notified Unifor it was seriously considering the closure and sale of the facility to a third party, confirming it has signed a Memorandum of Understanding with defense industry supplier Roshel, which has expressed interest in purchasing the plant. Unifor has said there will be no tentative settlement without a suitable resolution for Local 1285 members at Brampton, and absent a resolution, formal contract talks are paused until further notice. The current collective agreement expires on September 20, 2026 at 11:59pm.
Stellantis Signs Memorandum to Sell Idle Brampton Plant to Roshel
Stellantis NV has signed a memorandum with Roshel Inc., a Canadian armored vehicle manufacturer, outlining steps toward the sale of an idle car factory near Toronto. Roshel, headquartered near the Stellantis plant in Brampton, Ontario, is pursuing a Canadian military contract worth as much as C$4.9 billion ($3.5 billion) to build light utility vehicles, and has told Prime Minister Mark Carney's government it could reactivate the facility quickly if it secures the contract. Roshel chief executive officer Roman Shimonov said his company is the only serious potential buyer for the facility and described the memorandum as the first step in a complicated process. Stellantis spokesperson LouAnn Gosselin confirmed the document was signed and said the automaker believes Roshel represents a strong path to restoring operations at Brampton Assembly and preserving the site's role in Canada's manufacturing sector. The plant employed about 3,000 unionized workers when it was making vehicles, but production stopped in late 2023 and a plan to build the Jeep Compass SUV there was canceled last year after US President Donald Trump announced plans to impose tariffs on foreign-made vehicles; Stellantis is currently in negotiations with Unifor, which represents the plant's workers.
Stellantis CEO Says Global Auto Market Split Into 'US and the Rest'
Antonio Filosa, chief executive of European-American auto giant Stellantis, said at an analyst conference on the 10th that today's global auto market is clearly divided between the United States and everywhere else. "The world is clearly split in two. One is the United States, and the other is the rest of the world," Filosa said. According to him, the United States relies on a system in which design and development are carried out entirely domestically, while other markets, including Europe, involve partnerships with other automakers such as China's Leapmotor and Dongfeng Motor. He explained that these partnerships do not involve plans for models aimed at the US market, but other automakers that have struck similar agreements have drawn criticism from the Trump administration. A senior US government official sharply criticized Ford Motor for forming a joint venture in Europe with China's Geely Automobile, saying it helps advance the global expansion of Chinese automakers.
Electrification & Mobility › China NEV Leaders Geopolitics
STLA · · Neutral Stellantis CEO describes a two-bloc global auto market and its China partnerships (Leapmotor, Dongfeng) not aimed at the US, but no concrete new development for Stellantis itself.
F · Geopolitics · Negative A senior US government official sharply criticized Ford's planned European JV with China's Geely, saying it advances Chinese automakers' global expansion.
0175.HK · Geopolitics · Negative Geely is named as Ford's JV partner in Europe, drawing sharp criticism from a senior US government official over advancing Chinese automakers.
600006.CG · · Neutral Dongfeng is mentioned only as a Stellantis partner for non-US markets, with no company-specific news.
9863.HK · · Neutral Leapmotor is cited only as one of Stellantis's partnership automakers in non-US markets, with no specific new development.
Stellantis in Advanced Talks with Huawei and JAC for Maserati Partnership
Stellantis N.V. is reportedly in advanced discussions with Huawei and China's JAC Group over a long-term industrial partnership for Maserati, according to Reuters. The potential arrangement could involve Huawei's Harmony Intelligent Mobility platform and JAC's Maextro luxury brand, with a dual-branding strategy under consideration: a jointly developed vehicle sold as a Maextro in China and as a Maserati internationally. Production of the first jointly developed vehicle could begin as early as the end of 2027. Maserati sold fewer than 8,000 vehicles last year and recorded an adjusted operating loss of €198 million, making the partnership a potential way to share development costs and improve production utilization at Stellantis' Cassino and Modena facilities. However, the deal carries risks, including potential regulatory scrutiny in Western markets due to Huawei's involvement and concerns about diluting Maserati's luxury brand identity.
STLA · Capital · Positive Stellantis in advanced talks for a Maserati partnership with Huawei and JAC to share development costs and improve production utilization at Cassino and Modena.
Huawei · Regulation · Neutral Huawei's involvement in the Maserati partnership could face regulatory scrutiny in Western markets, a risk to the deal.
Stellantis Commits $800 Million to Restart Belvidere Production
Stellantis has committed $800 million to restart Jeep Cherokee production at its idled Belvidere, Illinois plant, which has been closed since 2023. The investment is part of the company's next-generation Jeep Cherokee program in North America and follows recent labor discussions that raised concerns about capacity and product planning at the facility. The renewed focus on Belvidere aligns with Stellantis's broader North American Jeep strategy and its use of the new STLA One platform. Investors should watch the outcome of current Unifor talks, which target a tentative agreement by 11 September 2026, as any confirmed production commitments would signal how firmly this investment is locked into Stellantis's capacity plan.
Stellantis appoints Arnaud Belloni as Fiat, Abarth, and Lancia CEO
Stellantis has appointed Arnaud Belloni as chief executive of its Fiat, Abarth, and Lancia brands, effective today, 1 September 2026, while also taking on the role of chief marketing officer for Europe. The reshuffle is tied to the FaSTLAne 2030 strategy, which designates Fiat as one of the group's four global brands, with new models like the Grizzly and Grizzly Fastback set to expand its C-segment presence. Belloni returns to Stellantis after 16 years with the group, most recently serving as global chief marketing officer at Renault Group. Gaetano Thorel continues as head of Fiat and Abarth for Enlarged Europe and will now also oversee Lancia, reporting functionally to Belloni. Outgoing CEO Olivier François will support the transition until mid-October before becoming a strategic advisor.
STLA · · Neutral Stellantis appoints Arnaud Belloni as CEO of Fiat, Abarth and Lancia and CMO for Europe under the FaSTLAne 2030 strategy; a leadership reshuffle with no clear financial or demand impact.
Abarth · · Neutral Abarth is one of the brands Belloni will lead, but the article gives no brand-specific development beyond the appointment.
Lancia · · Neutral Lancia is one of the brands Belloni will lead, with Gaetano Thorel now overseeing it, but no concrete brand-specific impact is stated.
BYDCOM80 Rises 3% on News BYD Eyes Stellantis Plant in Canada
BYDCOM80 rose 3% following reports that BYD is considering taking over Stellantis's Brampton assembly plant in Canada, which is currently idle. The mayor of Brampton revealed that BYD approached discussions about six months ago regarding using the plant to produce buses, but no official confirmation has been made. Asia Plus Securities views this as slightly positive strategically; if BYD actually invests, it would enhance flexibility in expanding overseas markets, but it has no impact on current earnings estimates, and they do not recommend speculating on this news. BYDCOM80's latest price is 0.38 baht, up 0.01 baht, or 2.70%.
BYD explores taking over idled Stellantis plant near Toronto
Chinese automaker BYD Co. has inquired about taking over an idle Stellantis NV plant in the Toronto suburbs, according to Brampton Mayor Patrick Brown, who said BYD approached him about six months ago to discuss making buses at the factory. The plant, which has not produced vehicles since late 2023, was being retooled for the Jeep Compass until Stellantis halted that plan amid US tariffs on foreign autos. Brown also received inquiries from Leapmotor International, a joint venture between Zhejiang Leapmotor Technology Co. and Stellantis, and from an Italian automaker. Unifor, the union representing workers, said Stellantis is considering selling the plant, and Brown noted that global companies want Canadian manpower if the US trade stance persists. The future of the 40-year-old factory remains uncertain as President Donald Trump's 25% tariffs on foreign cars and trucks, with a possible increase to 50% in January, cloud the outlook for Canadian auto exports.
Stellantis Names Hartgrove Communications Chief, Ingen-Housz Policy Lead
Stellantis announced two senior leadership appointments effective September 1, naming Stephanie Hartgrove as Chief Communications Officer and Clara Ingen-Housz as Head of Public Policy & Regulatory Strategy, International Trade. Hartgrove, who joins from Johnson & Johnson where she was global vice president of MedTech communications and public affairs, will report to CEO Antonio Filosa and join the Stellantis Leadership Team. Ingen-Housz, previously leading Corporate Affairs and Corporate Communications for 19 months, will report directly to Filosa and will also develop the company's international trade law capability within the General Counsel's office. Filosa welcomed Hartgrove at a key time for the FaSTLAne 2030 strategy and thanked Ingen-Housz for her new responsibility, emphasizing the appointments will ensure a clear external voice and effective stakeholder engagement.
ServiceUp and Stellantis Pro One Partner to Transform Fleet Repairs
ServiceUp, the AI-powered fleet repair and maintenance platform, has announced a partnership with Stellantis' Pro One business unit, giving every fleet on the platform direct access to the full Stellantis franchise dealer network across the United States. The deal brings more than 2,500 Stellantis franchise dealers, spanning Chrysler, Dodge, Jeep, Ram, Fiat, and Alfa Romeo brands, into ServiceUp's repair network, with repairs dispatched, tracked, and billed entirely through the platform. ServiceUp connects directly into Servicenet, Stellantis's dealer-side billing infrastructure, so dealers can file claims through their existing workflow while fleet managers receive a single consolidated monthly statement. Fleet operators running light duty vehicles, Ram 5500 and smaller, can access the dealer network regardless of brand, and dealers carry bProAuto parts that often beat aftermarket pricing. The partnership also benefits dealers by streamlining communication and repair management with commercial fleet customers, replacing fragmented phone calls and emails with a digital workflow.
ServiceUp · Demand · Positive ServiceUp gains access to Stellantis' full US franchise dealer network, expanding its repair platform's service capacity and fleet customer base.
STLA · Demand · Positive Partnership gives Stellantis Pro One's 2,500+ franchise dealers direct access to ServiceUp's fleet repair network, driving repair volume and parts sales.
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