Multinational automotive manufacturer Stellantis (STLA) is looking to build light commercial vehicles, LCVs sales by 25% through 2027 to rival market Ford (F ), in that space, according to a spokesperson from the company on Wednesday, Reuters reports. “The world’s third largest automaker sold 1.6M LCVs globally last year under its Fiat, Peugeot, Citroen, Opel, Vauxhall and Ram brands,” added Reuters.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on STLA:
- Stellantis (NYSE:STLA) Unveils Plan to Expand Commercial Vehicle Business
- Stellantis Pro One: Commercial Vehicles Offensive to Boost Global Leadership
- Stellantis announces cancellation of CES 2024 plans
- Stellantis Announces Cancellation of CES® 2024 Plans
- TSLA Earnings Preview: Here’s What to Expect from the EV Giant’s Q3 Results
