Stellantis N.v Stock News

Automaker Stellantis rolled out its software strategy on Tuesday including a 2030 target of 20 billion euros ($22.5 billion) in annual revenue from related products and subscriptions as it takes aim at rival Tesla. CEO Carlos Tavares said the world’s …

The maker of Jeep SUVs and Ram pickup trucks said Tuesday it will partner with iPhone contract manufacturer Foxconn Technology Group to design purpose-built semiconductors to support Stellantis NV and

Stellantis (STLA) and Foxconn join forces to design a range of modernized, purpose-built semiconductors for the auto industry by harnessing the experience and expertise of both companies.

Stellantis will work with iPhone manufacturer Foxconn on customised cockpits and Waymo to push autonomous driving into its LCV delivery fleets.

In todays top Europe, Middle East and Africa (EMEA) news, European Union startups raise a record $121 billion; Microsofts $16 billion Nuance deal is under review by the EU; Germanys Volkswagen is considering taking Porsche public; restaurant OS GrubTech notches $13 million in a Series A funding round; Dutch automaker Stellantis targets $22.5 billion in []

Automaker Stellantis expects threefold increases in its connected vehicles featuring GPS, infotaintment systems, driver assistance capabilities and other tech from 12 million today to 34 million by 2030 to add $22.5 billion in annual revenue from software services and subscriptions. The company joins other automakers in looking to services as a substantial revenue []

Stellantis N.V. signed a non-binding memorandum of understanding with

Stellantis laid out Tuesday an ambitious plan to generate $22.5 billion annually from software in its vehicles that can sell passengers and drivers products and subscriptions. The target is in line with goals from its competitors all of which are seeking ways to make revenue beyond selling, repairing and financing vehicles. Stellantis, the global []

Stellantis laid out Tuesday an ambitious plan to generate $22.5 billion annually from software in its vehicles that can sell passengers and drivers products and subscriptions. The target is in line with goals from its competitors all of which are seeking ways to make revenue beyond selling, repairing and financing vehicles. Stellantis, the global []

The automaker plans to develop new vehicles based on software that will let it sell entertainment, navigation and other subscription services to buyers of its cars and trucks.

Many Tesla vehicles allow drivers to play a selection of games on the infotainment system while the car is in motion, according to a report by The New York Times . The company rolled out an update in the summer that reportedly let drivers play Solitaire , jet fighter game Sky Force Reloaded and strategy title The Battle of Polytopia: Moonrise while on the road. The touchscreen is said to display a warning before a game of Solitaire starts. Solitaire is a game for everyone, but playing while the car is in motion is only for passengers," the message reads, according to the Times . That indicates Tesla knows the game is playable while the car''s moving. Although players have to acknowledge that they''re a passenger, the driver can tap that button and play the game. Even if a passenger is playing something, it''s possible that a driver will divert their attention to the screen to see what''s happening anyway. The National Highway Traffic Safety Administration says 3,142 people died in crashes involving distracted drivers in the US in 2019.

Stellantis, the parent company of Opel, Fiat, Citroën and Peugeot, has plans to earn billions in additional revenue from automotive software. The group works together with technology group Foxconn, BMW and Google subsidiary Waymo. The intention is that the software services will generate an annual turnover of 20 billion euros by the end of [] The post Auto Group Stellantis Wants to Earn Billions with Software appeared first on Press Cube .

Automaker Stellantis expects threefold increases in its connected vehicles — featuring GPS, infotaintment systems, driver assistance capabilities and other tech — from 12 million today to 34 milli

Driving the growth will be an increase in the automaker''s connected vehicles from 12 million today to 34 million by then, according to Stellantis.

Automotive giant Stellantis is targeting up to 20bn (£16.9bn) in incremental annual revenue by 2030 through software-enabled products such as connected services and over-the-air updates. The firm, which owns Alfa The post Stellantis targets up to 20bn in revenue through connected car upgrades appeared first on Car Dealer Magazine .