With Stellantis stock falling again to just $13 today, it may be a good time to invest in the company, which is down from it’s year’s high of $29.51. American and Canadian employees can do just that with Stellantis’ blessing, between November 5 and November 14, with up to 14 million shares available.
The company has a minimum of a single share, with a 20% discount from the reference price—the average closing price on the Milan exchange between September 30 and October 25, 2024—and a matching contribution of up to €1,000, equal to all the money (up to €1,000) invested by the employee. American employees who participate can become a part-owner of the company that is suing their union in seven or eight separate lawsuits.
Employees currently own 1.8% of Stellantis capital; the company hopes to increase this to 5% in the coming years.
David Zatz started what was to become the world’s biggest, most comprehensive Mopar site in 1994 as he pursued a career in organizational research and change. After a chemo-induced break, during which he wrote car books covering Vipers, minivans, and Jeeps, he returned with Patrick Rall to create StellPower.com for daily news, and to set up MoTales for mo’ tales.
David Zatz has around 30 years of experience in covering Chrysler/Mopar news and history, and most recently wrote Century of Chrysler, a 100-year retrospective on the Chrysler marque.
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