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'We're Getting the Band Back Together': Stellantis Stock (NASDAQ:AVAV) Notches Up on Multiple Moves

'We're Getting the Band Back Together': Stellantis Stock (NASDAQ:AVAV) Notches Up on Multiple Moves

Business Insider15 hours ago
Today proved to be a big day for legacy automaker Stellantis (STLA), which brought back a division, expanded a major leadership slot, and even brought out some less-than-exciting sales numbers. All of this together left investors a bit conflicted, but optimistic enough to send Stellantis shares rising fractionally in Wednesday afternoon's trading.
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New CEO Antonio Filosa hit the ground running, setting up a major shift in the company's leadership by moving Tim Kuniskis to take over all American brands. Kuniskis will now be handling lead marketing and strategy duties for North America as well. Given that Kuniskis was already in charge of Ram, this makes particular sense; Ram is a major brand in the United States, and now, he handles all of the United States' brands.
Stellantis is also restarting its Street and Racing Technology (SRT) division, which will bring in engineers across several brands to put more design capability into the high-performance divisions. Kuniskis declared, 'SRT is another box we needed to check. We're getting the band back together.' And Kuniskis has an ambitious schedule ahead of him, with plans to bring out 25 new products over the next year and a half.
And Not a Moment Too Soon
This comes at a time when Stellantis is in desperate need of something, anything, that will inject new life into the company and new cash into its coffers. Stellantis' second-quarter sales figures demonstrated as much when they were released.
Stellantis' quarterly sales dropped 10% in the United States for the second quarter of 2025, reaching just 309,976 cars sold. This is actually something of a pattern at Stellantis, as reports noted that sales were down 15% against the year prior in the second quarter of 2024 as well. First-quarter sales for 2025 were down as well, down 12% against the first quarter of 2024. This is, hopefully, a development Kuniskis can turn around with his new command position over the North American brands.
Is Stellantis Stock a Good Buy Right Now?
Turning to Wall Street, analysts have a Hold consensus rating on STLA stock based on four Buys, 10 Holds, and one Sell assigned in the past three months, as indicated by the graphic below. After a 48.57% loss in its share price over the past year, the average STLA price target of $11.65 per share implies 13.49% upside potential.
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How Trump's China tariffs are jeopardizing America's fireworks extravaganzas
How Trump's China tariffs are jeopardizing America's fireworks extravaganzas

Boston Globe

timean hour ago

  • Boston Globe

How Trump's China tariffs are jeopardizing America's fireworks extravaganzas

But the bigger fear is 2026, as industry representatives warn that many of the festivities that are in the works to celebrate the nation's 250th birthday could be diminished or even go dark. Advertisement 'It's really the next year that's worrying us with the manufacturing and what tariffs will do,' said Stacy Schneitter-Blake, the president of the National Fireworks Association and co-owner of Schneitter Fireworks & Importing in Missouri. Get Starting Point A guide through the most important stories of the morning, delivered Monday through Friday. Enter Email Sign Up Fireworks are a $2 billion industry in the United States, and about 99 percent of the fireworks that light up the skies across America come from China. The Trump administration raised tariffs on Chinese imports as high as 145 percent this year, before lowering them to 30 percent in May when the two countries reached a temporary truce. 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Last month, Trump admired a fireworks display at a military parade that also fell on his 79th birthday. Despite Trump's appreciation for fireworks, the White House has little sympathy for the predicament facing the industry. 'Real prosperity and patriotism isn't celebrating the independence of our country with cheap foreign-made firecrackers and trinkets — it's having a country with booming Main Streets, a thriving working class, and robust manufacturing,' said Kush Desai, a White House spokesperson. Ramping up domestic production of fireworks will not be fast or easy. Regulations over hazardous chemicals and safety concerns have made it hard for domestic fireworks manufacturers to build factories in the United States. Fireworks retailers in America said that it is difficult to find workers with the skills needed to safely handle explosives to work in an industry that is seasonal and revolves around holidays. Tracy Schneitter-Siewert, a co-owner of Schneitter Fireworks & Importing, at the company's warehouse where its inventory is stored in St. Joseph, Mo., on June 27. CHASE CASTOR/NYT 'It's hard enough for me to train an 18-year-old to run a point of sale system on a register,' said John Sorgi of American Fireworks in Ohio, 'you want me to train people to mix explosive powders' for a fireworks show? Sorgi added that what the industry really needs is clarity about the China tariffs so that importers can plan accordingly and ensure that next year's shows can go on. 'Our industry has never been at a breaking point more, and it's supposed to be the biggest Fourth of July we've ever had,' he said. Advertisement This article originally appeared in .

Trump wins: House passes ‘big, beautiful bill'
Trump wins: House passes ‘big, beautiful bill'

The Hill

time2 hours ago

  • The Hill

Trump wins: House passes ‘big, beautiful bill'

Thank you for signing up! Subscribe to more newsletters here THE HOUSE passed President Trump's agenda bill Thursday afternoon after another all-nighter, sending the legislation to Trump's desk to be signed into law on Independence Day. The GOP's 'big, beautiful bill' passed 218 to 214. All Democrats voted against it, along with Republican Reps. Thomas Massie (R-Ky.) and Brian Fitzpatrick (Pa.). Trump's signature legislative achievement appeared stalled only 24 hours earlier, with conservative fiscal hawks and moderates revolting against changes made by the Senate. But Trump once again leaned on the holdouts until the opposition broke, further cementing his grip over Congressional Republicans. The Hill's Brett Samuels writes that Trump has opened the summer on a hot streak, with the passage of his bill, Supreme Court rulings in his favor, strong jobs numbers, low border crossings and foreign policy success. 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The G.O.P. Policy Bill Would Shift U.S. Energy Policy
The G.O.P. Policy Bill Would Shift U.S. Energy Policy

New York Times

time2 hours ago

  • New York Times

The G.O.P. Policy Bill Would Shift U.S. Energy Policy

My colleagues and I have spent weeks covering the sprawling policy bill that was finalized by the House of Representatives on Thursday. President Trump will sign the bill into law during a ceremony at the White House at 5 p.m. on Friday. In short, the bill could remake American energy. It is poised to do this by slashing tax breaks for wind and solar power and electric cars while maintaining some federal support for sources like nuclear reactors and geothermal plants. The legislation, which carries President Trump's domestic policy agenda, provides a boost to fossil fuels and dismantles many of the biggest actions the federal government has ever taken to fight climate change, even as scientists warn that rising temperatures are creating acute dangers from extreme heat, deadly wildfires, crop failures and floods. Scientists say this shift in American energy policy will result in a warmer planet. As Lisa Friedman recently reported, 'scientists are warning the result would increase the likelihood that the Earth will heat up by an average of 3 degrees Celsius above preindustrial levels by the end of this century.' And at a time when demand for electricity is rising, companies and analysts say the ending of tax credits for solar and wind could raise electricity prices by making it harder to add new power to the grid. Here's a closer look at how the bill will affect some key industries. The bill would quickly phase out tax credits for wind and solar power, two of the fastest growing sources of electricity in the United States. Want all of The Times? Subscribe.

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