Stellantis (STLA)’ Ram issued the following statement: “As demand for full-size battery electric trucks slows in North America, Stellantis is reassessing its product strategy and will discontinue development of a full-size BEV pickup. As part of this, Ram is renaming its REEV-powered pickup to Ram 1500 REV (formerly Ramcharger). This vehicle will set a new benchmark in the half-ton segment, offering exceptional range, towing capability, and payload performance.”
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on STLA:
- Morning Movers: Six Flags jumps as demand rises across portfolio of parks
- BYD responds to statements made by Stellantis CEO Antonio Filosa
- Rivian Stock (RIVN) Revs Higher Despite Software Fail Forcing Recall of Thousands of Vehicles
- Stellantis sells Italian VM Motori engine making unit, Reuters reports
- Ford Stock (F) Falls as Automaker Issues New Recall—almost 1.5M Vehicles Affected this Time