Stellantis N.V. - STLA STOCK NEWS

RW Digital has graduated from the Stellantis-NBL National Black Supplier Development pilot program, which aims to enhance Black suppliers' opportunities in the market. The program, initiated by Stellantis and the National Business League in 2021, selected 13 Black-owned businesses. Post-graduation, RW Digital will assist Stellantis in increasing awareness of Dodge and Chrysler models in multicultural communities. The initiative aims to foster equitable opportunities for Black businesses in the global marketplace, ensuring a sustainable impact for years to come.

On October 12, 2022, Mopar, a brand under Stellantis, unveiled concept sketches ahead of its participation in the 2022 SEMA Show in Las Vegas, happening from November 1-4. The exhibit will span 15,345 square feet, featuring customized vehicles and a wide range of quality-tested performance parts. This year marks the 85th anniversary of Mopar, which has evolved from antifreeze products in 1937 to a comprehensive provider of vehicle care and performance enhancements. For more details, visit www.mopar.com.

On October 7, 2022, Stellantis announced that eight of its technical women leaders were honored at the Women of Color STEM Conference in Detroit. The recognition, which included the Women of Color Technology All-Star and Technology Rising Star Awards, celebrates significant achievements in career and community service. Stellantis emphasized its commitment to diversity and inclusion, reflected in multiple awards for corporate diversity leadership in 2022, including a top supplier diversity rating from Diversity Inc and recognition from LATINA Style magazine.

Stellantis continues its long-standing support for the National Black MBA Association (NBMBAA), sponsoring the Graduate Student Case Competition since 1995. The 2022 competition, held in Atlanta, awarded a total of $50,000 in scholarships to talented MBA students. Howard University won first place with a $25,000 scholarship, while Georgia State University and Clark Atlanta University earned $15,000 and $10,000, respectively. This initiative highlights Stellantis's commitment to diversity and the recruitment of future business leaders.

FCA US LLC reported third-quarter 2022 U.S. sales of 385,665 vehicles, a 6% decline from the previous year. However, commercial shipments rose 57%. The Dodge brand saw a 22% increase in sales, with the Charger, Challenger, and Durango up by 25%, 17%, and 32%, respectively. Chrysler brand sales rose 39%, with significant gains in the Pacifica and 300 models. Notably, the Jeep Wrangler's sales increased by 4%, and the Wrangler 4xe remained the top-selling plug-in hybrid.

Ram has unveiled the new 2023 Ram 2500 Heavy Duty Rebel at the Texas State Fair, enhancing its off-road truck portfolio. Positioned between Laramie and Power Wagon, this model features a standard 6.4-liter HEMI V-8 engine with 410 horsepower and an optional 6.7-liter Cummins Turbo Diesel with 370 horsepower. Key specifications include a towing capacity of 16,870 pounds and a payload of 3,140 pounds. With advanced safety features and a unique suspension system, the Ram 2500 Heavy Duty Rebel is poised to reinforce Ram's leadership in the off-road truck market.

Dodge has launched a unique marketing campaign called 'The Real Brotherhood of Muscle', showcasing content from its owners and enthusiasts. This national multimedia campaign runs across television and social media, inviting Dodge fans to share their vehicle videos using the hashtag #RealBrotherhood. The initiative follows the brand's recent announcements, including the introduction of the electrified Dodge Hornet and Charger Daytona SRT electric concept. Dodge aims to deepen its connection with its community of over 13 million fans.

Stellantis has achieved significant recognition with two of its powertrains, the 4xe plug-in hybrid in the Jeep Grand Cherokee and the new 3.0-liter Hurricane Twin Turbo I-6 in the Grand Wagoneer, being named among the 2022 Wards 10 Best Engines and Propulsion Systems. This marks the 12th consecutive year a Stellantis product has won this award. The 4xe hybrid offers 25 miles of all-electric range and 56 MPGe, while the Hurricane engine provides enhanced power and reduced emissions. These advancements align with Stellantis' Dare Forward 2030 strategy aimed at cutting its carbon footprint by 50% by 2030.