The better than Piazza Affari this morning Stellantisa increase of over 7% after the administration Trump announced a loosening of standards of energy efficiency for the new, reports Reuters. Furthermore, as he writes Milano FinanzaChrysler Tech Center plans to hire approximately 2.000 people in engineering, quality, product development, and manufacturing. Analysts are encouraging the stock.
The Trump administration wants to propose a significant downward revision of standards on 'energy efficiency of cars which had been defined last year by former President Joe Biden, in an attempt to make it easier for car manufacturers sell gasoline-powered cars, some sources reported to Reuters.
President Donald Trump will announce the plan later today at a White House event expected to be attended by executives from the three major US automakers, including the CEO of Stellantis, Antonio Filosa, sources added. The National Highway Traffic Safety Administration (NHTSA) is expected to propose a significant reduction of requirements fuel saving for 2022-2031 model year vehicles. Earlier this year, Trump signed a law that had sanctions ended for fuel economy for car manufacturers.
Last year, Stellantis, parent company of the Chrysler, paid $190,7 million in civil penalties for failing to meet U.S. fuel economy requirements for 2019 and 2020, after paying nearly $400 million in penalties from 2016 to 2019. GM paid $128,2 million in such penalties for 2016 and 2017.
More generally, Trump has adopted a series of measures to facilitate the sale of gasoline-powered vehicles and discourage the production of electric vehicles, including eliminating tax credits for electric vehicles and prohibiting California from banning the sale of traditional gasoline-powered vehicles after 2035.
2.000 new hires planned in the US
Meanwhile Stellantis announces the relaunch in the USA with the assumption of approximately 2.000 dependentin engineering, quality, product development and manufacturing, in his Chrysler Tech Center after years of smart working, writes MFThe new resources will support the 13 billion euro industrial plan announced by the CEO, Antonio Filosa, which includes investments in Michigan, Illinois, Indiana, and Ohio and the creation of 5.000 factory jobs. Filosa is also rebuilding supply chain relationships, mitigating the impact of tariffs on suppliers and restoring more collaborative relationships.
Stellantis is adopting a more gradual transition in terms of product development, adding new HEMI engines and hybrid solutions with extended range to its electric models. However, significant challenges remain regarding quality, warranty costs, tariff pressures, and regulatory uncertainty regarding the mix of electric and combustion engines.
Intermonte and UBS analysts promote Stellantis
Meanwhile, they arrive positive ratings from analysts: ubs raised its buy recommendation on the stock from neutral with a target price rising to 12 euros from 8,30 euros, while Intermonte raised its recommendation to outperform from neutral, still with a target price of 12 euros from 9,13 euros. Analysts at ubs In particular, they point to the company's expected recovery in North America market share in 2026 and have improved their adjusted operating profit estimates for next year. Intermonte The CEO emphasizes that the overall environment suggests caution, but emphasizes that we are seeing clearer signs of stabilization and trend reversal in key areas for the group. Furthermore, Intermonte positively views the new management team, which aims to refocus the strategy, modernize the organization, and establish relationships with policymakers, thus laying the foundation for value creation. Intermonte also sees North America as the market with the greatest potential, where it expects a strong recovery, while the European market is expected to stabilize.
