The stocks of car-makers are falling. Renault reported the largest yearly lost in its history – over 8 billion EUR. Lucid Motors is planning the largest merger with a SPAC in the segment: the estimation of the united enterprise reaches 24 billion USD.
Fiat Chrysler Automobiles and Group PSA united into Stellantis creating a new car giant. The stocks of the company appeared in the US and European exchanges. On the first day of trades, they grew by 8% on average.