STLA - Stellantis Tightening Its Belt On Cash For More Generous Dividends Buybacks And EVs

2024-02-16 08:00:00 ET

Summary

• Stellantis, the parent company of Chrysler, Dodge, Ram, and Jeep, skipped the Chicago Auto Show this year due to financial belt-tightening.
• The automaker has been demonstrating financial discipline and operational skill, leading to a doubling of its share price in the past 18 months.
• Stellantis plans to invest 50 billion Euros over the next decade to develop new battery-electric vehicle models, but its approach will depend on consumer demand and resolving roadblocks like insufficient charging infrastructure.
• Of the Detroit 3, this automaker looks to be the most promising investment.

The Chicago Auto Show, held in the city's McCormick convention center each February, has been a crowded, high-spirited, boisterous event in years past, sponsored by car dealers aiming to stimulate sales. The show this year was relatively quiet and sparsely attended....

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