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Stellantis

Stellantis reverses Ohio layoffs weeks after CEO’s abrupt departure

Stellantis has reversed its decision to lay off about 1,100 employees at an Ohio Jeep plant less than three weeks...

Published 22 Dec, 2024 10:56am

Business & Finance

Stellantis to cut up to 2,450 jobs at Michigan plant

NEW YORK: Auto giant Stellantis announced Friday it will cease production of its entry-level Ram 1500 Classic...

Published 10 Aug, 2024 10:30am

Technology

Stellantis to invest in French sodium-ion battery maker for EV output

PARIS: Stellantis announced on Friday that it is investing in French sodium-ion battery startup Tiamat to diversify...

Published 12 Jan, 2024 12:02pm

Business & Finance

Carmaker Stellantis strikes nickel sulphate supply deal with Terrafame

PARIS: Carmaker Stellantis and Finnish company Terrafame announced on Wednesday that they had struck a deal whereby...

Published 18 Jan, 2023 01:00pm

Markets

BMW, Mercedes-Benz to sell car-sharing joint venture to Stellantis

FRANKFURT: BMW and Mercedes-Benz are selling their car-sharing joint venture Share Now to Stellantis for an...

Updated 04 May, 2022 10:27am

Business & Finance

Stellantis, Mercedes-Benz, TotalEnergies JV to build battery plant in Italy

ROME: Automotive Cells Company (ACC), a joint venture between Stellantis (STLA.MI), Mercedes-Benz (MBGn.DE) and...

Published 23 Mar, 2022 01:06pm

World

Amazon and Stellantis partner to deploy smarter cars

WASHINGTON: Amazon.com Inc and Stellantis NV said Wednesday they will collaborate to develop cars and trucks with...

Published 06 Jan, 2022 04:13am

Business & Finance

Chip crisis hits Stellantis' Italy output more than Covid did

MILAN, The impact from a global semiconductor shortage on Stellantis' Italian car production this...

Published 11 Oct, 2021 04:32am

Business & Finance

Stellantis, Foxconn to make 'smart cockpit' for cars

PARIS: Global auto group Stellantis and Taiwanese electronics giant Foxconn unveiled a joint venture on Tuesday to...

Published 30 Aug, 2021 06:33am

Business & Finance

Going electric: Carmakers make the switch

VW's high-end Audi brand expects to be 100-percent electric in 2033

Published 25 Jul, 2021 11:37am

Business & Finance

Global chip shortage will easily drag into 2022

World's No. 4 automaker Stellantis is making decisions around changing the diversity of chips it intends to use, says chief executive

Updated 22 Jul, 2021 01:27am

Business & Finance

Stellantis CEO says semiconductor crisis hitting carmakers ‘hard and strong’

"The longer the chip crisis lasts, the harder it will be to sustain the auto industry's current business model," Stellantis boss Carlos Tavares told a FT web conference.

Published 12 May, 2021 04:50pm

Business & Finance

GM profit shrugs off chip shortage with high-priced pickups, SUVs

Barra added that the No. 1 US automaker's "supply chain and manufacturing teams are maximizing production of high-demand and capacity-constrained vehicles."
In a conference call with reporters, Barra said that the chip shortage will worsen in the second quarter before starting to improve in the second half of the year.

Published 05 May, 2021 06:18pm

World

Stellantis electric cars will have up to 800km range

PARIS: Automaker Stellantis said Thursday it plans to develop four electric vehicle platforms that will offer up to...

Updated 19 Apr, 2021 09:56am

Business & Finance

Stellantis may delay Alfa Romeo Tonale SUV production to 2022

Ferdinando Uliano said FIM CISL was asking the company to meet its target to start (Tonale's) production by the end of this year.
"We want to be on the market with the most updated electrified offer, leveraging on the Stellantis technology and know-how. Our teams in Pomigliano are strongly working to update the production line," it said.

Published 08 Apr, 2021 06:28pm

Business & Finance

Stellantis to add Peugeot 308, Opel Astra to electrified range this year

As part of its plan, Stellantis has said it would increase the number of hybrid or fully electric vehicles to 40 models by the end of this year from 29 now.
Stellantis plans to have fully-electric or hybrid versions of all of its vehicles available in Europe by 2025, broadly in line with plans rivals such as Volkswagen and Renault-Nissan.

Published 30 Mar, 2021 09:54pm

Business & Finance

Stellantis to halt production at Italian car plant in April

Production at the plant, where the world's fourth largest automaker makes Jeep Renegade and Compass models and the Fiat 500X compact SUV, has been repeatedly disrupted due to weak demand and semiconductor supply shortages.
The FIM CISL union said last week the firm was considering permanently closing one of its two production lines at the Melfi plant to address excess capacity in Italy.

Published 29 Mar, 2021 07:09pm

World

Chip shortage hits 5 Stellantis plants in North America

NEW YORK: Stellantis will suspend production at five North American auto manufacturing plants due to the global...

Updated 28 Mar, 2021 10:55am

Business & Finance

Stellantis examining line closure at Italy's Melfi car plant

Jeep's Renegade and Compass models and the Fiat 500X compact SUV are produced at Melfi, which is considered the most efficient Stellantis plant in Italy, but could be moved to a single production line.
The carmaker's production is under scrutiny in the country for costing more than elsewhere, as Stellantis seeks more than 5 billion euros ($5.9 billion) a year in savings.

Published 25 Mar, 2021 08:34pm

Business & Finance

Stellantis pickups hit, Ford cuts production due to global semiconductor shortage

Ford said it will idle its Ohio assembly plant, while its Kentucky Truck Plant in Louisville will only work two of three shifts. Both plants will return to full production the week of March 29.
The US automaker said the latest action is part of a prior forecast it made that the shortage could hit 2021 profits by $1 bln to $2.5 bln.

Published 20 Mar, 2021 10:23pm

Business & Finance

Italy, France did not discuss Rome buying Stellantis stake

Stellantis was formed at the beginning of this year through the merger of Fiat Chrysler and France's PSA.
The French government, a former investor in PSA, holds a 5.7% stake.

Published 19 Mar, 2021 07:46pm

Business & Finance

Stellantis sees 80pc of merger savings within four years

The merger, completed on Saturday, has created the world's fourth-biggest carmaker to help make the switch to the new era of electrification.
"The purpose is not to be big, but to be great at what we do," Tavares said.

Updated 19 Jan, 2021 11:14pm

Markets

European stocks slip

MILAN/FRANKFURT: European stocks inched lower on Monday as French retailer Carrefour tumbled after ending 16.2...

Published 19 Jan, 2021 04:22am

Markets

Carmaker Stellantis shares star in European debut

Shares rise 8% after carmaker merger completed.
Stellantis will be fourth largest carmaker.
CEO Tavares to hold news conference on Tuesday.

Published 18 Jan, 2021 06:49pm

Business & Finance

Stellantis is born as Peugeot and Fiat complete their merger

PARIS: The merger of France’s PSA and US-Italian rival Fiat Chrysler becomes official on Saturday, creating...

Updated 17 Jan, 2021 04:35am

Business & Finance

After long journey, Fiat Chrysler and PSA seal merger to become Stellantis

It took over a year for the Italian-American and French automakers to finalise the $52 billion deal.
The merger between Peugeot S.A. and Fiat Chrysler Automobiles N.V. that will lead the path to the creation of Stellantis N.V. became effective today.

Published 16 Jan, 2021 06:50pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 22	252.10

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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