Stellantis N.V. - STLA STOCK NEWS

Stellantis (NYSE: STLA) has announced its participation in the 2024 Bank of America European Autos and Future Car Virtual Conference. Natalie Knight, Stellantis Chief Financial Officer, will engage in a fireside chat on Monday, September 23 at 4 p.m. CEST / 10 a.m. EDT.

The live session will be accessible via webcast, with details available on the Stellantis corporate website's Investors section. A recorded replay will be provided for those unable to attend the live event.

Stellantis, a leading global automaker, is known for its portfolio of iconic brands including Jeep, Chrysler, and Peugeot. The company is committed to its Dare Forward 2030 strategic plan, aiming to become a carbon net zero mobility tech company by 2038.

Jeep® has announced a price repositioning for its 2025 Gladiator midsize pickup truck, with the base model now starting at $39,995. This includes a new standard eight-speed automatic transmission and destination charges. All Gladiator models have seen MSRP revisions for 2025, along with new standard equipment such as power locks and windows.

The Gladiator, the only open-air pickup truck in the industry, offers best-in-class V-6 towing and payload. It features a range of trims including Sport, Sport S, Willys, Rubicon, and Mojave. The 2025 model boasts an unsurpassed 4x4 max towing capacity of 7,700 pounds and a best-in-class payload of up to 1,725 lbs. New standard features also include side-curtain airbags, adaptive cruise control, and a Uconnect 5 system with a 12.3-inch touchscreen.

Stellantis (NYSE: STLA) held its 9th annual Factory Booster Day on September 18, 2024, at the Mirafiori Complex in Turin, Italy. The event showcased 93 innovations from over 60 partners, aimed at enhancing manufacturing efficiency and sustainability. Key achievements since 2021 include:

• 11% reduction in transformation costs
• 23% decrease in energy consumption
• 40% reduction in quality issues

Notable innovations implemented from previous events include:
• Autodesk Construction Cloud for digital twin simulations
• AI-enabled robot guidance for improved quality and reduced lead time
• Autonomous wheels from wheel.me for efficient material movement

These advancements support Stellantis' Dare Forward 2030 strategic plan, which aims for carbon net zero by 2038, 40% reduction in production costs by 2030, and industry-leading product quality.

Stellantis Pro One has inaugurated its global commercial vehicles hub at the Mirafiori Automotive Park 2030 in Turin, Italy. This hub brings together over 80 experts to integrate cross-brand functions and coordinate global competence centers. The move aims to increase efficiency and decision-making speed in Stellantis' commercial vehicles business, which accounts for one-third of the company's total Net revenue.

Key highlights include:

• Stellantis Pro One secured top positions in Europe 30, South America, and the Middle East & Africa in H1 2024
• Renewed entire van lineup with 12 new models featuring second-generation electrification and full connectivity
• Introduced 'Stellantis CustomFit' program for vehicle conversion and customization
• Expanded hydrogen fuel cell vehicle production capacity

The hub underscores Stellantis' commitment to strengthening its global leadership in commercial vehicles and achieving its Dare Forward 2030 strategic plan objectives.

Dodge has officially opened orders for the all-new 2024 Dodge Charger Daytona, marking a new era of American muscle cars. The company is offering an exclusive First Call package for customers who place a sold order by October 31, 2024. This package includes:

1. A two-day performance driving experience at Radford Racing School
2. A welcome kit
3. Exclusive VIP concierge service

The 2024 Charger Daytona comes in two models: R/T and Scat Pack. The Scat Pack retains the title of the world's quickest and most powerful muscle car, with 670 horsepower and 0-60 mph in 3.3 seconds. Both models include factory-installed Direct Connection upgrades and qualify for the full $7,500 federal tax credit when leased.

Jeep® has launched a new marketing campaign called 'There's Only One', celebrating its iconic SUVs. The multi-faceted campaign includes 30 and 60-second videos across broadcast, social, and digital channels. It highlights Jeep's entire SUV portfolio, including the Wrangler, Grand Cherokee, Wagoneer, Gladiator, and Compass.

The campaign revives the 'There's Only One' tagline from 30 years ago and showcases Jeep's off-road capabilities and cultural significance. It will initially focus on the U.S. market with potential for global expansion. Multicultural versions targeting Black and Hispanic markets are planned for select markets in the coming weeks.

Raj Register, Chief Marketing Officer of North America, Stellantis, emphasized the campaign's aim to showcase Jeep's legacy while steering towards new multi-energy platforms. The campaign was created in partnership with Chicago-based Highdive.

Stellantis N.V. (STLA) has reported its weekly share repurchase activity for September 6-12, 2024, as part of its Third Tranche of the 2024 Share Buyback Program. The company repurchased 16,795,830 common shares at an average price of €13.8195 per share, totaling €232,109,834. This is part of a larger €1 billion buyback program announced on August 1, 2024, set to run until November 29, 2024. Since the program's inception, Stellantis has bought back 47,494,365 shares for a total of €679,003,146. As of September 5, 2024, the company held 128,994,539 shares in treasury, representing 3.32% of its total issued share capital.

Stellantis (NYSE: STLA) has announced investments totaling over $406 million in three Michigan facilities to support its multi-energy strategy. The Sterling Heights Assembly Plant (SHAP) will receive $235.5 million to produce the company's first battery-electric Ram 1500 REV and the range-extended Ram 1500 Ramcharger alongside internal combustion engine models. $97.6 million will go to the Warren Truck Assembly Plant for production of a future electrified Jeep Wagoneer. The Dundee Engine Plant will get $73 million for battery tray assembly and beam machining for STLA Frame and STLA Large architectures.

These investments align with Stellantis' Dare Forward 2030 strategic plan, aiming for 50% BEV sales mix in the US by 2030. The company is investing over €50 billion in electrification this decade and targeting carbon net zero status by 2038.

Dodge unveils the 2025 Dodge Durango SRT Hellcat Hammerhead, a new special-edition model of their powerful SUV. This -production vehicle features a 710-horsepower supercharged 6.2-liter HEMI Hellcat V-8 engine, accelerating from 0 to 60 mph in 3.5 seconds. The Hammerhead edition boasts a distinctive Hammerhead Grey leather interior and Night Moves exterior color.

Key features include Satin Carbon 20-inch wheels, a Satin Black painted hood, and premium tech like a 10.1-inch touchscreen with navigation. The model qualifies for a $10 per horsepower cash allowance under the Dodge Power Dollars program. Available for ordering now, the Durango SRT Hellcat Hammerhead starts at a U.S. MSRP of $113,720 (excluding destination charge).