Stellantis NV Recalls Over 300,000 Vehicles Due to Coil Installation Issue

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Stellantis ($NYSE:STLA) NV, the world’s fourth largest automaker, has recently announced a recall of over 300,000 vehicles due to a coil installation issue. The affected vehicles may have been built with incorrect ignition coils that could lead to a misfire or an engine stall. Stellantis is advising customers to take their vehicles to a local dealership for a free replacement of the coil. Stellantis NV is a major automotive manufacturing company headquartered in Amsterdam. The company is currently listed on the New York Stock Exchange under the ticker symbol STLA.

Price History

On Tuesday, STELLANTIS NV stock opened at $16.7 and closed at $16.8, up by 2.3% from prior closing price of 16.4. STELLANTIS NV announced that a number of vehicles from their brands were affected by the coil issue, with the recall being initiated to address the safety concerns for those affected. The recalled vehicles had been affected by a fault related to their coil installation and the company is currently working with dealerships to address the issue.

Customers are being offered a free inspection and, if necessary, a replacement of the coil as part of the recall process. The company has also stated that they are monitoring the situation and will take any further action that is necessary to ensure customer safety. Live Quote…

About the Company

Income Snapshot

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Analysis

At GoodWhale, we recently conducted an analysis of STELLANTIS NV‘s financials. We’ve determined that STELLANTIS NV is a medium risk investment in terms of financial and business aspects. We’ve identified two risk warnings present in their income sheet and balance sheet; register with us to take a closer look. Our team is confident that with the right strategies and knowledge, this medium-risk investment will make sense for the right investor. More…

Peers

The competition between Stellantis NV and its competitors is fierce. Ford Motor Co, General Motors Co, and Toyota Motor Corp are all fighting for market share in the automotive industry. Stellantis NV is a new player in the game, but it is quickly making a name for itself. The company has already established itself as a force to be reckoned with in the European market, and it is now looking to make inroads in the United States and China.

– Ford Motor Co ($NYSE:F)

Ford Motor Company is an American multinational automaker that has its main headquarters in Dearborn, Michigan, a suburb of Detroit. The company sells automobiles and commercial vehicles under the Ford brand and most luxury cars under the Lincoln brand. Ford also owns Brazilian SUV manufacturer Troller, an 8% stake in Aston Martin of the United Kingdom, and a 32% stake in Jiangling Motors of China. It also has joint-ventures in China, Taiwan, Thailand, Turkey, and Russia. The company is listed on the New York Stock Exchange and is controlled by the Ford family; they have minority ownership but the majority of the voting power.

As of 2022, Ford Motor Company has a market capitalization of $47.56 billion and a return on equity of 23.7%. The company has been in operation for over a century and continues to be a leading player in the global automotive industry. Ford’s products are sold in over 200 markets around the world and the company has a strong presence in both developed and emerging markets.

– General Motors Co ($NYSE:GM)

General Motors Co., commonly referred to as GM, is an American multinational corporation headquartered in Detroit that designs, manufactures, markets, and distributes vehicles and vehicle parts, and sells financial services.

As of 2020, GM had a market capitalization of $48.95 billion. This is down from $52.6 billion in 2019. GM’s return on equity was 10.52% in 2020. This is down from 11.92% in 2019.

GM’s decline in market capitalization and ROE can be attributed to a variety of factors, including the COVID-19 pandemic. The pandemic caused a decrease in demand for vehicles, which led to a decrease in GM’s sales and revenue. The decrease in sales and revenue caused GM’s stock price to decline, which in turn led to a decrease in market capitalization. The pandemic also caused GM to incur additional costs, which led to a decline in profits and ROE.

– Toyota Motor Corp ($TSE:7203)

Toyota Motor Corp is one of the largest automakers in the world with a market cap of 27.37T as of 2022. It has a Return on Equity of 11.32%. Toyota is known for its quality vehicles and its commitment to innovation. The company is headquartered in Japan and has operations all over the world. Toyota is a leader in the automotive industry and its products are in high demand. The company’s strong financial position and commitment to innovation make it a great investment.

Summary

Stellantis NV is a global automotive company formed by the merger of Fiat Chrysler Automobiles and Peugeot S.A. The company is set to create a strong presence in the global automotive market, with a broad portfolio of vehicle brands, products and services. Analysts are predicting that the company will continue to benefit from its larger global presence and cost savings from synergies generated by the merger. Generally, Stellantis NV is seen as a good investment opportunity for long-term returns, although some short-term volatility may occur due to the recent merger.