While Japan’s automakers have upped their game in the EV space, they remain laggards on the global stage. With the EV markets now in trouble, analyst Julie Boote assesses whether or not the Japanese assemblers have been vindicated in their more cautious approach to electrification.
>Carbon neutrality on scopes 1+2 by 2025, -30% on scope 3 by 2030 - Yesterday, Plastic Omnium announced that it has committed to achieving carbon neutrality on scopes 1 and 2 by 2025 and reducing its scope 3 emissions by 30% in 2030. This new target announced in the morning was followed in the afternoon by a presentation of one and half hours on the group’s carbon neutrality strategy. Laurent Favre, CEO, David Meneses, director of sustainable development, and Kathleen...
>Neutralité carbone scopes 1+2 d’ici 2025, -30% sur le scope 3 d’ici 2030 - Plastic Omnium a annoncé hier s’engager à atteindre la neutralité carbone sur les scopes 1 et 2 d'ici 2025 et à réduire le scope 3 de 30% en 2030. Ce nouvel engagement annoncé le matin a été assorti l’après-midi d’une présentation d’une heure trente de la stratégie de neutralité carbone du groupe. Laurent Favre, DG, David Meneses, Directeur du Développement Durable, et Kathleen Wantz-O’Rourke,...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
Stellantis, Foxconn to Develop Breakthrough Digital Cockpits and Personalized Connected Services with Mobile Drive Joint Venture Stellantis, Foxconn to Develop Breakthrough Digital Cockpits and Personalized Connected Services with Mobile Drive Joint Venture Mobile Drive, with investments from both Foxconn and Stellantis, will accelerate go-to-market timelines for the most advanced in-car and connected-car technologies in the industryMobile Drive brings together expertise in consumer innovations from the sustainable mobility and advanced electronics industriesJoint venture will competitivel...
Stellantis and Foxconn to Announce Strategic Partnership Invitation to a press conference call and webcast Stellantis and Foxconn to Announce Strategic Partnership Amsterdam, Taipei, May 17, 2021 – Stellantis N.V. (NYSE / MTA / Euronext Paris: STLA) (“Stellantis”) and Hon Hai Precision Industry Co., Ltd., (“Foxconn”) (TPE: 2317), together with its subsidiary FIH Mobile Ltd., (“FIH”) (HKG:2038), will announce a new strategic partnership on Tuesday, May 18, 2021. A conference call and live audio webcast will be held at 5:45 a.m. EDT / 11:45 a.m. CEST / 5:45 p.m. CST, to present this partne...
Stellantis to Announce First Quarter 2021 Shipments and Revenues on May 5 Stellantis to Announce First Quarter 2021 Shipments and Revenues on May 5 Amsterdam, April 26, 2021 - Stellantis N.V. (NYSE / MTA / Euronext Paris: STLA) (“Stellantis”) announced today that its First Quarter 2021 Shipments and Revenues will be released on Wednesday, May 5, 2021. A live audio webcast and conference call of the Q1 2021 Shipments and Revenues will begin at 2:00 p.m. CEST / 8:00 a.m. EDT on Wednesday, May 5, 2021. The related press release and presentation material are expected to be posted under the I...
Results of Stellantis’ 2021 Annual General Meeting Results of Stellantis’ 2021 Annual General Meeting Amsterdam, April 15, 2021 – Stellantis N.V. (NYSE / MTA / Euronext Paris: STLA) (“Stellantis”) announces that at the Annual General Meeting of Shareholders (AGM) held virtually today and broadcast live via Stellantis’ website all resolutions proposed to shareholders were adopted, including the proposal to approve a EUR 1 billion extraordinary cash distribution on common shares, as contemplated by the combination agreement entered into by Fiat Chrysler Automobiles and Peugeot S.A. o...
>Semis shortage slowing down autos rebound and lowering visibility - The semiconductor shortage in the automotive sector has intensified since the end of the year due to fresh disruption. Indeed, to the generalised shortage since end-2020 (under-estimation of the rebound in automotive demand, robust demand for consumer electronics, etc.), can be added production shutdowns in Texas (notably Infineon, NXP and Samsung) linked to weather conditions, followed by the halt t...
>La pénurie de semis freine le rebond du secteur et réduit la visibilité - La pénurie de semi-conducteurs dans l’automobile s’est aggravée depuis le début de l’année sous l’effet de nouvelles perturbations. En effet, à la pénurie « générale » évoquée depuis fin 2020 (sous-estimation du rebond de la demande automobile, forte demande dans le Consumer Electronics, etc.), se sont ajoutées ces dernières semaines les arrêts de production au Texas (Infineon, NXP, Samsung not...
Distribution of Faurecia shares and cash has become unconditional Distribution of Faurecia shares and cash has become unconditional Amsterdam, March 10, 2021 – Stellantis N.V. (NYSE / MTA / Euronext Paris: STLA) (“Stellantis”) announced today that the previously announced conditional distribution (the “Distribution”), pursuant to a capital reduction, by Stellantis to the holders of its common shares of up to 54,297,006 ordinary shares of Faurecia S.E. (“Faurecia”) and up to €308 million in cash, being the proceeds received by Peugeot S.A. from the sale of ordinary shares of Faureci...
Conditional distribution of Faurecia shares and cash approved by shareholders Conditional distribution of Faurecia shares and cash approved by shareholders Amsterdam, March 8, 2021 – Stellantis N.V. (NYSE / MTA / Euronext Paris: STLA) (“Stellantis”) announces that the Extraordinary General Meeting of Shareholders held today has approved the already announced conditional distribution (the “Distribution”), pursuant to a capital reduction, by Stellantis to the holders of its common shares of up to 54,297,006 ordinary shares of Faurecia S.E. (“Faurecia”) and up to €308 million in cash, ...
Stellantis announces conditional distribution of Faurecia shares and cash Stellantis announces conditional distribution of Faurecia shares and cash Amsterdam, March 4, 2021 – Stellantis N.V. (NYSE / MTA / Euronext Paris: STLA) (“Stellantis”) announced today a conditional distribution by Stellantis to the holders of its common shares of up to 54,297,006 ordinary shares of Faurecia S.E. (“Faurecia”) and up to €308 million in cash, being the proceeds received by Peugeot S.A. from the sale of ordinary shares of Faurecia in October 2020, payable to holders of Stellantis common shares of r...
Stellantis publishes agenda for the 2021 AGM Stellantis publishes agenda for the 2021 AGM Amsterdam, March 4, 2021 - Stellantis N.V. (NYSE / MTA / Euronext Paris: STLA) ("Stellantis") announced today that it has published the agenda and the explanatory notes for the 2021 Annual General Meeting of Shareholders ("AGM"), which will take place virtually on April 15, 2021. Stellantis's AGM notice and explanatory notes, other AGM materials and instructions for voting and submitting questions in advance of the meeting and to follow the AGM remotely are available on Stellantis's investor relation...
Stellantis publishes its 2020 Annual Report and Form 20-F and the 2020 Consolidated Financial Statements and Management’s Discussion and Analysis of Groupe PSA Stellantis publishes its 2020 Annual Report and Form 20-F and the 2020 Consolidated Financial Statements and Management’s Discussion and Analysis of Groupe PSA Amsterdam, March 4, 2021 – Stellantis N.V. (NYSE / MTA / Euronext Paris: STLA) (“Stellantis”) announced today that it has published its 2020 Annual Report and Form 20-F and filed its Form 20-F, including the financial statements of Fiat Chrysler Automobiles N.V. for the f...
Full Year 2020 Results for FCA and Groupe PSA Full Year 2020 Results for FCA and Groupe PSA Amsterdam, February 24, 2021 – Stellantis N.V. (NYSE / MTA / Euronext Paris: STLA) (“Stellantis”) announced on February 5, 2021 that the Fourth Quarter and Full Year 2020 results for Fiat Chrysler Automobiles N.V. (FCA) and Full Year 2020 results for Peugeot S.A. (Groupe PSA) will be released on Wednesday, March 3, 2021. A live webcast and conference call to present the 2020 results for FCA and Groupe PSA will begin at 3:30 p.m. CET / 9:30 a.m. EST on Wednesday, March 3, 2021 (in English only). ...
Dans le cadre de la fusion de FCA et de PSA approuvée par les actionnaires le 4 janvier 2021 qui a donné naissance à Stellantis, il était prévu le versement aux actionnaires de la participation que détenait Peugeot au sein de Faurecia, équipementier automobile cotées à la bourse d'Euronext Paris, soit 39% du capital de Faurecia et 308 M€ issus de la cession de 7% du capital de Faurecia par PSA avant la fusion. Proxinvest avait critiqué dès l’origine les conditions financières de cette fusion à ...
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