{
}
European stock markets are down as investors reduce equity positions ahead of significant macro data and the upcoming U.S. vote on November 5. Paris and Milan fell by 1%, while London and Frankfurt declined by 0.5% and 0.4%, respectively. Despite the overall downturn, UBS and Volkswagen saw gains of 1.3% and 1.7% due to better-than-expected earnings, while Campari plummeted by 16% after disappointing quarterly results. Energy and utilities remained stable amid a recovery in oil prices.
The 2024 presidential election is pivotal for the U.S. automotive industry, with candidates Trump and Harris presenting contrasting views on electric vehicles, emissions regulations, and trade policies. Trump is expected to roll back environmental standards and impose higher tariffs, while Harris may continue Biden's approach but with potential adjustments for businesses. Automakers are preparing for various outcomes, as the election outcome could significantly impact investments and regulatory frameworks in the sector.
Carmakers Stellantis and Aston Martin face challenges ahead of earnings reports, with Stellantis struggling in the US and Aston Martin in China. Meanwhile, UBS prepares for its next steps post-Credit Suisse acquisition, while other major firms like BP and Novartis brace for margin pressures and conservative guidance amid economic uncertainties. UBS's investment bank may see a seasonal slowdown, but growth in wealth management could offset this, with Asian market trends being crucial for business health.
Volkswagen-backed Scout Motors has unveiled its first electric vehicles, the Scout Terra pickup and Scout Traveler SUV, set to launch in 2027. The company will also offer extended-range electric vehicles (EREVs) to adapt to market demands, aiming for profitability within a year of production at its new South Carolina plant. Both models are expected to start between $50,000 and $60,000, with the Traveler anticipated to drive two-thirds of initial sales.
Factorial has launched the Solstice battery, featuring a sulfide-based electrolyte and a breakthrough energy density of up to 450Wh/kg, promising to extend EV range by 80% while reducing weight and costs. The innovative dry coating process enhances sustainability by eliminating hazardous solvents and energy-intensive steps in production. Stellantis plans to showcase Factorial's solid-state FEST battery in the new Dodge Charger Daytona EV by 2026, aiming for improved performance and efficiency in its upcoming electric vehicle lineup.
The 2024 Paris Motor Show highlights the electric vehicle and SUV trends amid a challenging economic landscape, with significant participation from brands like Renault, which showcases the electric Renault 5 and 4. Chinese manufacturers, including Leapmotor, make a measured debut, while established European automakers like Volkswagen and BMW return to reconnect with consumers. The event reflects a market grappling with slow sales growth and a notable decline in electric vehicle demand.
Santo Ficili, the new head of Maserati and Alfa Romeo, aims to elevate both brands while navigating the complexities of the automotive industry's transition to electric vehicles. He emphasizes the importance of effective marketing and customer guidance amidst current market confusion over various powertrains. With a focus on synergy and product launches, Ficili is optimistic about the future despite challenges in the luxury segment.
UBS has reduced its target prices for several major companies, including Stellantis, which is now set at 16 euros per share (down from 24), and STM, lowered to 38 euros per share (from 44). Stellantis is expected to show erratic performance with resistance at 12.17 and support at 12.06, while STM anticipates uncertainty with resistance at 25.82 and support at 25.69.
Stellantis N.V.
Companies
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
European markets decline ahead of crucial US vote and economic data
Euro
United States Dollar
Fondazione Campari
UBS AG
Moncler S.p.A.
Prysmian S.p.A.
Azimut Holding S.p.A.
Volkswagen AG
Stellantis N.V.
Alphabet Inc.
STM
ITA
Alphabet
Campari
Show more
08:00 30.10.2024
automotive industry faces pivotal choices in 2024 presidential election
United States Dollar
General Motors Company
Ford Motor Company
Stellantis N.V.
Volkswagen Group Al Lab GmbH
Tesla, Inc.
MEX
CHN
CAN
USA
Shawn Fain
Kamala Harris
Donald Trump
Mary Barra
Philippe Houchois
Show more
18:00 29.10.2024
carmakers face challenges as earnings reports loom for major companies
United States Dollar
Euro
UBS Group AG
Royal Philips NV
Stellantis N.V.
BASF SE
BNP Paribas SA
BP p.l.c.
Société Générale Société anonyme
Will Hares
Sergio Ermotti
Eric Le Berrigaud
Show more
09:30 25.10.2024
scout motors unveils electric vehicles and plans for plug-in hybrids
Stellantis N.V.
General Motors Company
Tesla, Inc.
Ford Motor Company
Volkswagen AG
CAN
USA
Scott Keogh
International Harvester
Show more
00:30 25.10.2024
factorial launches solstice battery promising breakthrough energy density for electric vehicles
Factorial
Daimler 16 eGbR
Stellantis N.V.
TotalEnergies SE
Mercedes-Benz Group AG
USA
DEU
Ned Curic
Barack Obama
Show more
17:10 23.10.2024
paris motor show 2024 highlights electric vehicles and suv trends
United States Dollar
Euro
AUDI AG
Zhejiang Leapmotor Technology Co., Ltd.
Mini Acorns Ltd.
XPeng Inc.
Alfa Romeo
BMW Bank GmbH
Peugeot
Chengdu Hongqi Chain Co.,Ltd.
Alpine 3V
Cadillac Building Inc.
Kia
Dacia SCI
Skyworth Digital Co., Ltd.
Stellantis N.V.
BYD Co. Ltd.
Volkswagen AG
Citroen
Ford Motor Company
Renault SA
FRA
DEU
CHN
Luca de Meo
Jérôme Marchon
Show more
09:24 18.10.2024
Navigating the Electric Transition in the Automotive Industry
09:00 17.10.2024
ubs lowers target prices for stellantis renault forvia and stm
09:00 07.10.2024
Trending
Subcategory
Stock Market Updates
Corporate News
Industry Trends
Global Trade Developments
Global Financial Events
Finance Mergers & Acquisitions
Banking Regulations
Retail and Consumer Goods
Startups & Entrepreneurship
Central Bank Actions
Industry Mergers & Acquisitions
Inflation and Monetary Impact
CEO Changes
Market Analysis and Predictions
Government Economic Policies
Government Policies
Domestic Politics
Workplace Trends
GDP Growth & Recession Forecasts
Supply Chain Management
Countries:
Companies:
Barclays PLC
Apple Inc.
JPMorgan Chase & Co.
Tesla, Inc.
Deutsche Bank Money Market PP
Banco Santander, S.A.
The Goldman Sachs Group, Inc.
Credit Suisse Strategic Income I
Berkshire Hathaway Inc.
Lloyds Banking Group plc
SpaceXCoin USD
Bank of America Corporation
Amazon.com, Inc.
UBS Group AG
Morgan Stanley
NVIDIA Corporation
Wells Fargo & Company
BNP Paribas SA
Commerzbank AG
UniCredit S.p.A.
Currencies:
United States Dollar
Euro
British Pound Sterling
Swiss Franc
Japanese Yen
Indian Rupee
Chinese Yuan
Canadian Dollar
Vietnamese Đồng
South Korean Won
Australian Dollar
Thai Baht
New Taiwan Dollar
Singapore Dollar
Indonesian Rupiah
Mexican Peso
Cambodian Riel
Russian Ruble
Hong Kong Dollar
Offshore Chinese Yuan
People:
Donald Trump
Elon Musk
Warren Buffett
JD Vance
Sergio Ermotti
Mark Haefele
Robin Leopold
Olivier Calvet
Troy L Rohrbaugh
Jennifer Piepszak
Karoline Leavitt
Ursula von der Leyen
Alex Kramm
Susan P. Crawford
Scott Bessent
Stacey Friedman
Jeff Bezos
George Saravelos
Francois Xavier Bouvignies
Joseph Spak