- Stellantis NV (NYSE:STLA) said its Cassino Assembly Plant in Italy would produce vehicles based on the flexible, BEV-centric STLA Large platform.
- Cassino plant in Italy produces premium vehicles for Alfa Romeo and Maserati brands.
- Cassino is the second Stellantis plant publicly named to produce vehicles based on the STLA Large platform, joining the Windsor Assembly Plant in Canada.
- Opened in 1972, the Cassino Assembly Plant in Piedimonte San Germano, south central Italy, uses more than 1,200 robots and includes stamping, plating, painting and plastic parts operations.
- Also Read: Stellantis Posts 18% Growth In FY22 Revenue; Adopts €1.5B Share Buyback Plan
- Stellantis is investing more than €30 billion through 2025 in electrification and software to deliver BEVs.
- The STLA Large platform, the base for several upcoming vehicles from Stellantis brands, is designed to deliver up to 800 km/500 miles of electric range with Stellantis-designed electric drive modules (EDMs) and modular battery packs.
- Also Read: Stellantis Plans To Develop Ethanol Hybrid Vehicles In South America
- Price Action: STLA shares are trading lower by 1.70% at $18.20 on the last check Thursday.
- Photo Via Company
Mizuho Upgrades Biogen to Buy, Raises Price Target to $270
Mizuho analyst Salim Syed upgrades Biogen (NASDAQ:BIIB) from Neutral to Buy and raises the price target from $207 to $270.
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