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Stellantis N.V. (NYSE: STLA) is a multinational automotive manufacturing corporation formed on January 16, 2021, through a merger between Fiat Chrysler Automobiles and PSA Group. It stands as the world's fifth-largest automaker, known for its diverse and iconic portfolio of 14 brands including Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, Fiat, Jeep®, Lancia, Maserati, Opel, Peugeot, Ram, Vauxhall, and mobility brands Free2Move and Leasys.
The company’s mission is to lead the world in sustainable mobility technology, focused on creating value for stakeholders and communities. Stellantis has a strong market presence in Europe, North America, and South America, with 44% of its 2023 sales volume in Europe, 29% in North America, and 15% in South America. Despite challenges like the microchip shortage, the company reported a sales volume of 6.2 million vehicles and EUR 189.5 billion in revenue in 2023.
Stellantis is constantly innovating and expanding its product lineup. Recent highlights include the launch of the Dodge Complete Performance Package, which enhances vehicle protection and includes high-performance driving instruction at Radford Racing School. Additionally, the 2025 Ram 1500 RHO, a powerhouse off-road truck, exemplifies the brand's relentless pursuit of performance and engineering excellence.
In the electric vehicle (EV) sector, Stellantis is making strides with the Fiat 500e, an all-electric version of its legendary 500 model, and the Jeep Wagoneer S, showcasing the flexibility of the STLA Large platform. These innovations underscore Stellantis' commitment to sustainable and high-performance mobility solutions.
The company is also engaging customers through unique marketing initiatives and community events. The Jeep Beach event, for instance, attracted over 40,000 Jeep 4x4s, raising significant funds for local charities. Similarly, Alfa Romeo's limited edition Quadrifoglio Super Sport models highlight the brand’s dedication to performance and exclusivity.
Stellantis continues to leverage its rich heritage and innovative spirit to push the boundaries of the automotive industry, ensuring it remains at the forefront of technological advancements and market trends.
Leapmotor International, a joint venture between Stellantis and Leapmotor, has opened orders for affordable electric vehicles in Europe. The launch includes two models: the T03 city car and the C10 SUV, available through designated Stellantis brand dealers. The T03, priced from €18,900, offers 265 km range (WLTP), while the C10 SUV, starting at €36,400, provides 420 km range (WLTP).
Initial markets include 13 European countries, with plans to expand to Middle East & Africa, Asia Pacific, and South America from Q4 2024. This partnership aims to leverage Chinese engineering and innovation to offer high-tech, cost-efficient NEVs globally. Stellantis CEO Carlos Tavares highlighted the unique customer-focused ownership experience, supported by Stellantis' parts distribution system.
Stellantis N.V. (NYSE: STLA) has revised its 2024 financial guidance due to North American performance issues and deteriorating global industry dynamics. The company is accelerating inventory normalization in the U.S., targeting 330,000 units of dealer inventory by year-end 2024. Actions include:
1. North American shipment declines of over 200,000 vehicles in H2 2024
2. Increased incentives on 2024 and older model year vehicles
3. Productivity improvement initiatives
Updated 2024 guidance:
- Adjusted operating income margin: 5.5 - 7.0% (down from 'double digit')
- Industrial free cash flow: -€5 billion to -€10 billion (from 'Positive')
Stellantis expects stronger performance in 2025 and beyond due to recovery actions being implemented.
Stellantis N.V. has reported on its Third Tranche of the 2024 Share Buyback Program for the week of September 20-26, 2024. The program, announced on August 1, 2024, aims to repurchase up to €1 billion of common shares in the open market by November 29, 2024. During this week, Stellantis repurchased 6,792,123 common shares at an average price of €13.5905 per share, totaling €92,308,557.
Since the program's inception on August 1, 2024, the company has bought back 59,238,528 common shares for a total of €838,749,422. As of September 26, 2024, Stellantis held 140,738,702 common shares in treasury, representing 3.62% of the total issued share capital. Detailed transaction information is available on the Stellantis website under the Share Buyback Program Section.
The all-new Dodge Charger Daytona, the first all-electric vehicle from Dodge, has won Green Car Journal's 2025 Performance Green Car of the Year award. The 2024 Charger Daytona Scat Pack, with 670 horsepower and 627 lb.-ft. of torque, retains Dodge's title as the world's quickest and most powerful muscle car. It features an all-electric, 400-volt dual motor system with standard all-wheel drive.
The Charger Daytona includes the Fratzonic Chambered Exhaust system, providing a signature rumble. All models come with a choice of an at-home Level 2 charging station or $600 charge credits. The Scat Pack and R/T models qualify for a full $7,500 federal tax credit when leased. First Call orders are now open for two-door models, with vehicles arriving in dealerships in the fourth quarter.
The Jeep® brand is returning to the Rebelle Rally for the ninth year, showcasing the 2024 Gladiator Mojave driven by veteran competitors Nena Barlow and Teralin Petereit. This marks the fourth consecutive year for the team partnering with Jeep and their first time competing in a Gladiator midsize pickup. The rally, taking place from October 10-19, 2024, covers 1,500 miles across Nevada and California deserts.
The Gladiator Mojave, the only Jeep vehicle with the Desert Rated badge, features enhanced capabilities for high-speed desert and sand terrains. It includes a reinforced frame, strengthened steering knuckles, and an improved suspension with FOX hydraulic jounce bumpers. The 2024 model adds standard side-curtain airbags and a 12.3-inch Uconnect touchscreen.
The Rebelle Rally, in its ninth year, is the longest competitive off-road rally for women in the United States, focusing on precision driving and navigation without GPS or cell phones.
Stellantis recognized 68 global and regional suppliers for their exceptional performance in 2023, with 21 suppliers receiving the prestigious 'Supplier of the Year' award. The fourth annual event, held on September 24 at the Lingotto Conference Center in Turin, Italy, was attended by over 200 global Stellantis suppliers and partners.
The awards covered various categories including Quality, Program Management, Innovation, Indirect Services, Corporate Social Responsibility, Carbon Footprint, Capex, Raw Materials, Supply Chain, Aftermarket, Powertrain, Body & Interior, Electrical, and Chassis & Adaptation. Regional awards were also presented for North America, South America, Enlarged Europe, Middle East & Africa, India & Asia Pacific, and China.
Maxime Picat, Stellantis Chief Purchasing and Supply Chain Officer, emphasized the important role of suppliers in overcoming challenges and achieving milestones. The event also highlighted Stellantis' software strategy and plans for its 14 iconic brands.
Exro Technologies Inc. has announced Stellantis N.V. as its automotive OEM partner for a passenger vehicle innovation program. The announcement follows 14 months of collaboration integrating Exro's Coil Driver® technology into Stellantis' next-generation electric powertrains. Exro has also been named a finalist for Best Supplier in the Innovation Category at the Stellantis Supplier Awards 2024.
The partnership has progressed through multiple technical, performance, and cost study milestones. Exro's technology aims to enhance system efficiency and power while potentially reducing costs and accelerating EV adoption. Stellantis recognized Exro for its innovative motor control technology, which improved electrified motor design, enhanced performance, and reduced costs in passenger car EVs.
Chrysler is reintroducing the Voyager minivan to its retail lineup for 2025, offering a budget-friendly option with a starting MSRP of $39,995. The Voyager LX comes well-equipped with standard features including a 10.1-inch Uconnect 5 touchscreen, 7-inch digital cluster, and Stow 'n Go seating. It's powered by a 3.6-liter Pentastar V-6 engine paired with a nine-speed automatic transmission.
The 2025 Chrysler minivan lineup now ranges from the entry-level Voyager to the premium Pacifica Pinnacle, including plug-in hybrid options. The Voyager's return reinforces Chrysler's commitment to the minivan segment it created over 40 years ago. Orders for the 2025 Voyager are now open, with vehicles expected to arrive at dealerships in the fourth quarter.
Stellantis (NYSE: STLA) has announced its participation in the 90th Paris Motor Show 2024, showcasing five world premieres and innovative tech features. The event, running from October 14-20, 2024, will spotlight Citroën, Peugeot, Alfa Romeo, and Chinese brand Leapmotor. Highlights include:
- Peugeot's all-new E-408 world premiere and its 100% electric range
- Citroën's three world premieres in Europe's key segment
- Alfa Romeo's new Junior VELOCE 280CV and 2025 Tonale preview
- Leapmotor's debut with four electric vehicles, including the all-new B10 SUV
Stellantis CEO Carlos Tavares will deliver a keynote at the Paris Automotive Summit on October 15. The company's presence aligns with its Dare Forward 2030 strategic plan, aiming for 100% BEV sales in Europe and 50% in the US by 2030, while targeting carbon net zero by 2038.
Stellantis N.V. (STLA) has provided an update on its Third Tranche of the 2024 Share Buyback Program. From September 13 to 19, 2024, the company repurchased 4,952,040 common shares at an average price of €13.6182 per share, totaling €67,437,719. Since the program's inception on August 1, 2024, Stellantis has bought back 52,446,405 shares for a total of €746,440,865. As of September 19, 2024, the company held 133,946,579 common shares in treasury, representing 3.44% of its total issued share capital. The buyback program, announced on August 1, 2024, aims to repurchase up to €1 billion worth of shares in the open market by November 29, 2024.
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