Shares in Fiat and Chrysler automaker Stellantis (STLA) accelerated today after it ramped up its partnership with French tech firm Mistral AI.
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Scale AI
The two companies, which have already been collaborating for the past 18 months on pilot programs, announced during the Italian Tech Week conference in Turin, they will launch two new platforms to “co-develop solutions and scale AI adoption across Stellantis.”
The platforms, dubbed Innovation Lab and Transformation Academy, will focus on AI integration respectively in sales and aftersales, and in development of solutions for core production.
Under this expanded collaboration, Stellantis and Mistral AI said they would boost customer service and increase business efficiency.
As an example, Stellantis will use AI-driven insights to personalize interactions with customers in its showrooms as well as in vehicle engineering, fleet data analysis and manufacturing.
“Our work with Mistral AI is helping us move faster and smarter. What makes this partnership unique is Mistral AI’s ability to work closely with Stellantis to deliver meaningful results,” said Ned Curic, Stellantis Chief Engineering & Technology Officer.
Rocky Road
One initiative from Stellantis and Mistral —a next-generation AI-powered in-car assistant—enables what the partners describe as “natural, conversational interactions, serving as a voice-enabled user manual for drivers”.
The Stellantis share price has slumped by around 30% in the last 12 months after suffering a number of blows including the shock exit of CEO Carlos Tavares last December, the impact of tariffs on sales and supplies and a number of vehicle recalls because of safety concerns.
However, as revealed in its Q3 earnings results its market share in Europe increased by 1.3% to 17% in the first half of this year compared to the second half of 2024. This continued a stable revenue performance over the last few quarters.
Its North American order book improved by 90% year-over-year, driven by better relationships with dealers.
Is STLA a Good Stock to Buy Now?
On TipRanks, STLA has a Hold consensus based on 5 Buy, 11 Hold and 2 Sell ratings. Its highest price target is $14.09. STLA stock’s consensus price target is $10.64, implying a 12.53% upside.
