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    STLA   NL00150001Q9

STELLANTIS N.V.

(STLA)
  Report
Delayed Borsa Italiana  -  11:36 2022-09-30 am EDT
12.27 EUR   +0.47%
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U.S. appeals court rejects GM racketeering suit against Fiat Chrysler

08/11/2022 | 04:10pm EDT
FILE PHOTO: The General Motors Co. headquarters is seen in Detroit, Michigan

(Reuters) - A U.S. appeals court upheld a 2020 ruling that tossed out a racketeering lawsuit General Motors Co filed against rival Fiat Chrysler Automobiles (FCA), now part of Stellantis NV, and former executives.

GM filed the racketeering lawsuit in November 2019, alleging FCA bribed United Auto Workers (UAW) union officials over many years to corrupt the bargaining process and gain advantages, costing GM billions of dollars.

"Even accepting GM's theory as true, the chain of causation between FCA's bribes and GM's injury is still too attenuated," said the opinion of the three-judge panel of the U.S. 6th Circuit Court of Appeals.

(Reporting by David Shepardson; editing by Jonathan Oatis)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
GENERAL MOTORS COMPANY -3.52% 32.09 Delayed Quote.-43.27%
STELLANTIS N.V. 0.49% 12.276 Real-time Quote.-26.39%
STELLANTIS N.V. 0.47% 12.272 Delayed Quote.-26.80%
All news about STELLANTIS N.V.
09/29Mopar CAP Partners With Western Tech Partners and Fort Bliss to Provide Career Opportun..
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09/29More Firsts : Dodge to Put the 'Real Brotherhood of Muscle' in the Driver's Seat of Its Ne..
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09/29French fashion giant LVMH announces bonus payment to help staff tackle inflation pressu..
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09/29Citroën invents cardboard car for resourceless world
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09/29Stellantis and Siemens to Partner on Middle Eastern Smart EV Technologies
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09/28Stellantis N : Chief Purchasing and Supply Chain Officer Participates in Bank of America A..
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09/28Stellantis Celebrates 7 Million Vehicles Built at Europe's Largest Light Commercial Veh..
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09/27Ford, GM upgrade their heavy-duty pickup profit machines
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09/27Stellantis Celebrates 7 Million Vehicles Built at Europe's Largest Light Commercial Veh..
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09/27Dodge Challenger 'Last Call' No. 7 Special-edition Model Set Back
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Analyst Recommendations on STELLANTIS N.V.
More recommendations
Financials
Sales 2022 174 B 171 B 171 B
Net income 2022 15 346 M 15 048 M 15 048 M
Net cash 2022 25 515 M 25 019 M 25 019 M
P/E ratio 2022 2,50x
Yield 2022 10,6%
Capitalization 39 434 M 38 669 M 38 669 M
EV / Sales 2022 0,08x
EV / Sales 2023 0,05x
Nbr of Employees 281 595
Free-Float 75,3%
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Technical analysis trends STELLANTIS N.V.
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 24
Last Close Price 12,27 €
Average target price 21,41 €
Spread / Average Target 74,5%
EPS Revisions
Managers and Directors
Carlos Tavares Chief Executive Officer & Executive Director
Richard Keith Palmer Chief Financial Officer
John Jacob Philip Elkann Chairman
Harald J. Wester Chief Engineering Officer
Ned Curic Chief Technology Officer
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