Market Chatter: Stellantis Axes First Level 3 Advanced Driver-Assistance Program

MT Newswires Live

Aug 26

Stellantis (STLA) has axed its first Level 3 advanced driver-assistance program due to high costs, technology issues, and concerns over market viability, Reuters reported Tuesday, citing three sources familiar with the matter.

According to Reuters, a Stellantis spokesperson said the L3 technology that was announced in February has not been launched due to "limited market demand" but it is already available for deployment. However, the sources told Reuters that the program is not expected to be deployed.

Four people familiar with the matter said Stellantis is now depending on suppliers for software that it intended to keep in-house, the report added.

Stellantis did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Accuracy is not guaranteed.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00B7SZL793.SGD","symbol_name":"Legg Mason Royce - US Small Cap Opportunity A Acc SGD-H","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2562733726","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2562733726","pubTimestamp":1756209322,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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