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Stock impact report

Stellantis (STLA) Extends Losses on Cautious EU Outlook [Yahoo! Finance]

Stellantis N.V. Common Shares (STLA) 
Company Research Source: Yahoo! Finance
Stellantis dropped for a fifth consecutive day on Monday, shedding 3.99 percent to close at $11.08 apiece as investor sentiment was dampened by the company's cautious investment outlook in Europe. This followed Stellantis NV (NYSE:STLA) CEO Antonio Filosa's interview with the Financial Times, saying that the European Commission's revised vehicle emission rules were lacking a clear growth strategy for the European car industry, making it harder to justify further investments in the region. Investors took the comments in a negative light as it could spell the company's expansion guidance. Under the revised rules, automakers would be permitted to keep emitting 10 percent of their 2021 levels and continue selling internal combustion and hybrid models. However, they will be required to compensate by using low-carbon steel and sustainable fuels. “This package does not do the job. There are none of the urgent measures needed to return the European automotive sector to growth,” Fil Show less Read more
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