Stellantis shares fall 3.10% intraday after suspending Level 3 assisted driving system development.

Stellantis N.V. declined 3.10% intraday, with the company announcing a $41 million investment in a new Mopar Parts Distribution Center in Forsyth, Georgia. The facility will feature an AutoStore automated storage and retrieval system, improving efficiency and reducing order wait times. However, the stock's decline may be attributed to the suspension of the development and launch of its Level 3 assisted driving system, part of the AutoDrive program, due to high costs, technical complexity, and limited market demand. Additionally, the company paid $190.6 million in US fuel economy penalties, which may have contributed to the negative sentiment surrounding the stock.