Stellantis NV (STLA) Stock

Car production slumped in the UK last month as manufacturers grappled with requirements to make up sales with electrics. Some 77,484 cars rolled off production lines in October, down 15.3%, or by 14,037, on the same month last year, according to the Society of Motor Manufacturers and Traders (SMMT).

The Stellantis share price has been in a strong freefall in the past few months. It has dropped for eight consecutive months and is hovering at its lowest level since January 2023.

Stellantis will halt again auto assembly operations at its Mirafiori plant in Italy, which makes the electric Fiat 500 and two Maserati sport car models, from Dec. 2 to Jan. 5, the automaker said on Wednesday.

Rules requiring carmakers to make up a proportion of sales with electric vehicles could be dialled down as companies grapple to hit targets against lacklustre demand. Britain's government on Tuesday firmed up plans to consult on the mandate, coinciding with news Vauxhall would close its factory in Luton, risking 1,100 jobs.

Stellantis NV, owner of the Vauxhall brand, has announced plans to close its van manufacturing plant in Luton, England. The move comes as the automaker faces mounting pressure from the UK's stringent zero-emission vehicle (ZEV) sales mandate.

Vauxhall parent Stellantis NV (NYSE:STLA, EPA:STLA) has unveiled plans to close its van-making factory in Luton, leaving doubt over 1,100 jobs at the manufacturer. Production of the company's vans will move to its Ellesmere Port site, which is set for a £50 million cash injection under the move.

STLA introduces the STLA Frame for full-size body-on-frame pickup trucks and SUVs and delays the launch of the Ram all-electric pickup to the first half of 2025.

Stellantis is delaying the launch of its Ram electric pickup trucks from this year until the first half of 2025. CEO Carlos Tavares on Tuesday declined to disclose specifics regarding what caused the delays as well as specific timing on the electric trucks.

Stellantis' will adapt to changes in the U.S. car market expected under a Trump government, CEO Carlos Tavares said on Monday, with a platform that can offer electric, hybrid or gasoline versions of its models.