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Stock impact report

Stellantis stock off 43% as Jeep maker turns five, executes turnaround [CNBC]

Stellantis N.V. Common Shares (STLA) 
Company Research Source: CNBC
U.S. shares of the company — created through a $52 billion merger of Italian American automaker Fiat Chrysler and France-based Groupe PSA on Jan. 16, 2021 — are down roughly 43%. Stellantis CEO Antonio Filosa is executing a sales turnaround plan for the automaker, focused on its Jeep and Ram brands in the U.S. In this article Stellantis North America COO and Jeep CEO Antonio Filosa speaks during the Stellantis press conference at the Automobility LA 2024 car show at Los Angeles Convention Center in Los Angeles, California, November 21, 2024. Etienne Laurent | AFP | Getty Images DETROIT — Five years after the transatlantic automaker Stellantis was formed through a merger, the business hasn't necessarily panned out as investors hoped. U.S. shares of the company — created through a $52 billion combination of Italian American automaker Fiat Chrysler and France-based Groupe PSA on Jan. 16, 2021 — are down roughly 43% in the past five years. Italian-listed shares also are off r Show less Read more
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