Stellantis stock ‘is very cheap’ ahead of 8 EV launches, CEO says

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The Detroit News

Stock in the maker of Jeep SUVs and Ram pickup trucks “is very cheap,” its CEO said on Wednesday as Stellantis NV prepares to launch eight new battery-electric vehicles over the next 18 months. Stellantis shares on the New York Stock Exchange closed at $20.36, up 0.34%. Shares closed up roughly 4% earlier in both Milan at $20.90 (18.43 euro) and Paris at $20.87 (18.40 euro). Investors are looking for evidence the merger of Fiat Chrysler Automobiles NV and French automaker Groupe PSA — a union not even one year old — can deliver on electrification and software commitments. Stellantis CEO Carlos…

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