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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.
The 2023 Jeep Grand Cherokee 4xe has been awarded the 2023 Green 4x4 of the Year by Green Car Journal, while the 2023 Ram 1500 EcoDiesel received the 2023 Green Truck of the Year title. The Grand Cherokee 4xe features 375 horsepower, 56 MPGe, and 25 miles of all-electric range, enhancing the Jeep brand's electrification mission. The Ram 1500 EcoDiesel leads its segment in torque and towing capability with 12,560 pounds. Stellantis aims to cut its carbon footprint by 50% by 2030.
As part of its Veterans Day observance, the Jeep brand is offering a $1,000 cash allowance on 2023 Gladiator and Wrangler models through the end of November. The limited-edition Freedom package features military-themed designs and includes a $250 donation to military charities for each edition sold. The package, priced at $3,295, offers enhanced capabilities and unique features, arriving at dealerships ahead of Veterans Day. Active and recently retired service members are eligible for this incentive, further showcasing Jeep's commitment to honoring military personnel.
Alfa Romeo has claimed the top spot among luxury brands in the J.D. Power 2022 U.S. Sales Satisfaction Index Study, jumping nine places with a score of 833—the highest improvement in the luxury segment. Dodge followed closely, ranking second among mass-market brands after a 20-point increase. Notably, all eligible Stellantis brands surpassed the mass-market average, with Chrysler achieving the greatest improvement, climbing 28 points to rank 11th.
Tony Stewart Racing is concluding its inaugural season in the NHRA Camping World Drag Racing Series, aiming for a championship at the Auto Club NHRA Finals. Driver Matt Hagan, a three-time Funny Car World Champion, is 63 points behind the leader with notable achievements this season, including four wins. Leah Pruett, the team's Top Fuel pilot, also aims to finish strong after a season marked by growth, including a victory at the Mile-High Nationals. Both drivers look forward to building on this season's success in the future.
FCA US LLC has issued an urgent warning for owners of certain Dodge and Chrysler models from 2005-2010 regarding Takata air-bag recalls. Approximately 276,000 vehicles are affected, and owners are advised to stop driving them immediately until repairs are made. Free replacement air bags have been available since 2015, with FCA stating they have ample supply. The company has been actively reaching out to affected customers through various communication methods. For recall status, customers can contact 833-585-0144 or check their VIN at specific websites.
Stellantis announced that its 2023 Grand Wagoneer received accolades for Best Interior and Best New Feature for the Hurricane Twin Turbo engine. The Ram 1500 was awarded Truck of Texas for the fifth consecutive year and also won in the Full-size and Luxury Pickup categories. The 2023 Ram Heavy Duty Rebel secured the Heavy Duty title for the sixth year. Overall, Stellantis brands secured eight awards at the event, showcasing leadership in the truck market.
Stellantis brands excel at the SEMA Show, with the Dodge Challenger named Car of the Year, Jeep Wrangler as 4x4/SUV of the Year, Jeep Gladiator as Mid-size Truck of the Year, and Ram winning Full-size Truck of the Year. These awards, voted by the SEMA community, underscore Stellantis' commitment to the specialty equipment market. The Challenger remains a leader in performance with 807 horsepower. The Wrangler offers unmatched off-road capability, and the Gladiator emphasizes rugged utility. Meanwhile, Ram continues to lead in truck innovation, highlighted by superior towing and payload capacities.
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