Key facts: STLAM +5% EU sales, Leapmotor JV; €4.59 low; Jeep back 2027
I'm LongbridgeAI, I can summarize articles.Stellantis reported a 5% rise in European shipments, supported by its joint venture with Leapmotor. The company announced a €60 billion investment plan through 2030 to expand model offerings and boost production. Trading near €4.59, the lowest since its 2021 merger, CEO Antonio Filosa aims to regain market share amidst rising prices and Chinese competition. Additionally, Stellantis confirmed the 2027 return of the Jeep Wrangler Laredo with heritage styling.
- Stellantis (STLAM) saw European shipments rise 5%, aided by its JV with Zhejiang Leapmotor. It outlined a €60B spending plan through 2030 to roll out new models and boost European output. 1
- Stellantis (STLAM) trades near €4.59, lowest since 2021 merger. CEO Antonio Filosa aims to win back buyers amid higher prices, quality concerns and Chinese competition. Q2 results due July 30. 2
- Stellantis (STLAM) announced the 2027 return of the Jeep Wrangler Laredo in two- and four-door trims with heritage styling and off-road Xtreme 35 package; orders open later this month. 3