Stellantis (STLAM IM) CEO says co. will build 2mln cars per year on its new STLA One platform by 2035
Newsquawk Staff ·
- New STLA One platform will be 20% more competitive than the current architechture, bringing Stellantis at cost parity with Chinese OEMs in Europe.
- Frasers (FRAS LN) acquires an additional 0.29% stake in Hugo Boss (BOSS GY) for EUR 7.6mln; Hugo Boss now becomes a subsidiary of Frasers since stake is over 50%
- Eni (ENI IM) expected to sign infrastructure contracts worth up to USD 1.8bln for a gas project in Cyprus in the coming days, according to the WSJ
- Ukraine President Zelensky says the Tesla (TSLA)/SpaceX (SPCX) Starlink and Starshield service remains slowed
- US Treasury Secretary Bessent posts "... the United States is no longer managing the Iranian threat. We are ending it."
- Newsquawk Weekly Economic Release 26th - 30th October 2026
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