$STLA

Stellantis extended production halt at its Fiat 500 factory in Turin for another week, marking four consecutive weeks of no production. The initial stoppage was due to weak demand, while the current extension is attributed to a shortage of electronic components, specifically chips for engine control units, according to the company. Union officials, however, cite weak demand for the Fiat 500 as the primary reason.

Stellantis appointed Pablo Di Si as Chief Operating Officer for North America, reporting to CEO Antonio Filosa. Di Si succeeds Filosa, who oversaw the region alongside his CEO role. Additional leadership changes include Jon Nelson as North America CFO, Gustavo Soloaga as Chief Performance Officer, and Alexandre Sorel as Stellantis Financial Services CEO. Stellantis (STLA) aims to accelerate its FaSTLAne 2030 strategy in North America.

Stellantis N.V. (STLA) shares rose 3.46% after Q3 earnings beat expectations, with revenue of EUR 37.61B topping consensus. The company reaffirmed 2026 guidance, highlighting EV and autonomy initiatives. STLA's stock surged up to 15.8% intraday, trading around $4.79 on heavy volume.

BlackRock, managing over $15 trillion, has increased its stakes in major Italian companies. According to Consob documents, its holdings include 8.6% in UniCredit, 6.7% in Intesa Sanpaolo, 6.5% in Enel, and significant stakes in Eni, Prysmian, and Snam. BlackRock also holds substantial positions in FinecoBank, Banco BPM, and other Italian firms, with investments spanning energy, banking, and infrastructure.

General Motors and other automakers, represented by the Alliance for Automotive Innovation, support the Trump administration's plan to lower the Corporate Average Fuel Economy (CAFE) standard to 34.9 mpg by 2031, down from 50.4 mpg. The U.S. Department of Transportation estimates this will reduce compliance costs by $1,289 per vehicle but increase fuel costs by $1,600 over a vehicle's life. Several states and advocacy groups have challenged the rollback in court.

Western Union (WU) yields 15.3% after a 24.96% stock decline. Four other companies—LyondellBasell (LYB), Medical Properties Trust (MPW), Stellantis (STLA), and FMC (FMC)—show signs of dividend strain. Each faces challenges like earnings misses, debt concerns, or cash flow issues.

Stellantis North America reported a 12% drop in shipments to 357,000 vehicles in Q3, but an operating profit of 64 million euros, up from a loss a year earlier. The decline was attributed to planned production downtime for certain Jeep models. Jeep inventory remains high at 169 days of supply, while Ram shipments increased. North American net revenues fell 3% to 15.59 billion euros.

Mitsubishi debuted the 2028 Outlander Diamond Trail Edition at SEMA, its first appearance in 14 years. Jeep unveiled the Wrangler Scrambler SRT Concept with a V8 engine. Ford Racing showcased the R125 Mustang and a modified F-250. Honda displayed 12 racing machines and a hybrid trophy truck. Ringbrothers revealed a 650-hp 1965 Pontiac GTO. Classic Recreations presented a carbon-fiber 1967 Shelby GT500CR. Meguiar’s unveiled a Ford F-100 and an Aston Martin Vantage GT3.

Stellantis (STLAM) announced six new HEMI crate engine packages, available in Q1 2027. The packages offer both manual and automatic transmission options, but pricing has not been disclosed.

Stellantis (STLA) fell 5.19% to $4.47 on Nov. 3, with 38.7M shares traded, amid reports of a chip shortage disrupting Fiat production in Italy. The company reaffirmed its 2026 guidance and 2027 free cash flow expectations in its Q3 report. Peers GM and Ford also declined, reflecting broader auto sector weakness.