Stellantis (STLA FP/STLA IM) seeks to exit battery venture with Samsung as EV losses mount, Bloomberg reports
Newsquawk Staff ·
Stellantis (STLA FP/STLA IM) seeks to exit battery venture with Samsung as EV losses mount, Bloomberg reports.
What it means
Stellantis' decision to exit its battery venture with Samsung indicates a strategic shift in response to mounting losses in the electric vehicle (EV) segment. This move could signal broader challenges within the EV supply chain and may prompt investor concerns about the company’s future competitiveness and profitability. Watch for potential implications on Stellantis's stock performance and the wider automotive sector as they reevaluate their strategies in light of these losses.
Sources
- UK PM Burnham declines to rule out another Brexit referendum at PMQs
- Announcement UK Chancellor Healey will freeze NHS prescription charges at GBP 9.90 for another year may have been removed from the budget in a late night scramble, reports The Telegraph
- UK PM Burnham rules out an early election; says, "I don’t think people want another backward looking squabble. They want me to get on with the job", The Times reports
- Datafolha poll shows Bolsonaro is seen with 47% of votes vs President Lula at 46% in the Brazil presidential runoff
- RN's Marine Le Pen would win the first round of the French election, Cluster 17 poll shows; Philippe and Melenchon would tie for 2nd place
Related headlines
- Romanian naval authority says crew evacuated from a commercial ship which caught fire in Romanian territorial waters; unclear whether ship was hit by drones, an investigation is pendingOct 14
- Denmark Foreign Ministry says if US wishes to explore Greenlandic subsoil for oil, gas and minerals, this must take place within the framework of the relevant Greenlandic legislationOct 14
- RN's Le Pen says she believes that France is not in a position to finance UkraineOct 14
- UK Chancellor Healey is reportedly making plans to cut the cost of hiring under-25-year-olds at the UK Budget, City AM reports citing sourcesOct 14
- Italian PM Meloni says tax breaks for software investment will be included in the 2027 budgetOct 12
- Eurogroup Chief Pierrakakis says EU approves Greece's energy escape clause requestOct 09
- US President Trump touts yesterday's stock market performanceOct 07
- US President Trump says pretend I'm running in this election and if we don't win, they will end up impeaching meOct 02
- Brazil Senator Flavio Bolsonaro says he will not attend TV Globo debate with presidential hopefulsOct 01
- UK Ministers are working up sweeping plans for welfare changes including scrapping a key disability benefit for under-25s and replacing it with a multibillion-pound package of support to get into work, the Guardian reportsOct 01
- US President Trump says he had fruitful discussions with Chinese President Xi about political prisonersSep 30
- US President Trump says regarding FlyDubai plane incident that he spoke to Israeli PM Netanyahu at length about the security incident and that the co-pilot in the Israel flight incident was perhaps a terroristSep 30
- US Senate Democrats block bill setting new cnsntraints on congress members trading stocks, saying it is too weakSep 30
- EU-wide digital levy could raise up to EUR 25.2bln annually for the bloc’s next long-term budget, according to European Parliament estimates cited by an MEPSep 29
- Polish Finance Minister Domanski sees a risk of debt exceeding 55% of GDP in 2028Sep 29