Stellantis N.V. - STLA STOCK NEWS

Chrysler has announced the Chrysler Pacifica as the Official Minivan of Trunk or Treat, highlighting its family-friendly features for Halloween celebrations. The Pacifica offers flexible storage options, including the Stow 'n Go Seating and Storage System, Stow 'n Vac, Uconnect Theater System, and FamCAM interior camera.

Throughout October, Chrysler will showcase followers' decorated Pacifica minivans on social media and feature three themed vehicles for a public vote. The Pacifica Plug-in Hybrid delivers 82 MPGe, an all-electric range of 32 miles, and a total range of 520 miles. Chrysler plans to launch its first battery-electric vehicle in 2026 and transition to an all-electric portfolio by 2028.

Mopar, the global brand for Stellantis genuine parts and authentic accessories, is set to showcase a concept at SEMA 2024 that may reveal the future of legendary muscle cars. Mopar, born in 1937 as a line of antifreeze products, has evolved over 85+ years to represent complete vehicle care and authentic performance for owners and enthusiasts worldwide.

The brand made its mark in the 1960s muscle-car era with performance parts for speed and handling. Today, Mopar integrates service, parts, and customer-care operations to enhance customer and dealer support globally. For more information on Mopar and Stellantis (NYSE: STLA), visit their respective websites and follow their social media channels for updates.

Stellantis (NYSE: STLA) has announced the launch of FlexCare, replacing Mopar Vehicle Protection (MVP) for vehicle service contracts and protection products in the United States. FlexCare will be associated with Stellantis vehicle brands, offering a simplified and personalized customer experience. The new program maintains the same expert factory service and tailored vehicle protection products as MVP.

FlexCare advantages include:

• Service at any FCA US dealer by trained Mopar technicians
• Repairs with certified OEM approved parts
• Flexible plans based on ownership experience
• Option to include coverage cost in vehicle payment

The program offers various maintenance and repair services, with current MVP offerings being renamed under the FlexCare brand. Customers can find more details on mopar.com or through authorized dealers.

Stellantis N.V. has completed the third and final tranche of its 2024 Share Buyback Program, announced on August 1, 2024. The program covered up to €1 billion to be executed in the open market between August 1 and November 29, 2024. From August 1 to October 2, 2024, Stellantis purchased a total of 72,041,332 common shares for a total consideration of €999,999,880.

During the period from September 27 to October 2, 2024, the company repurchased 12,802,804 shares at an average price of €12.5949 per share, totaling €161,250,457. As of October 2, 2024, Stellantis held 153,541,506 common shares in treasury, representing 3.95% of the total issued share capital.

Stellantis (NYSE: STLA) hosted its 25th annual supplier diversity MatchMaker event, showcasing its commitment to building a diverse supply base. The event connected over 325 diverse business owners with more than 225 Tier 1 supplier decision-makers and Stellantis representatives. Since 1999, MatchMaker has generated over $4 billion in new business opportunities for diverse-owned businesses.

Key highlights include:

• Stellantis has purchased more than $100 billion from diverse-owned suppliers since 1983
• In 2023, Stellantis spent $9.3 billion with diverse suppliers in North America
• The company's High Focus program has generated over $6.7 billion in diverse spend over the past 12 years

Stellantis' supplier diversity initiatives have received multiple awards, including recognition from the Canadian Aboriginal and Minority Supplier Council and the Great Lakes Women's Business Council.

Mopar, the global brand for Stellantis genuine parts and authentic accessories, is set to showcase a powerful full-size concept vehicle at SEMA 2024. The concept, described as a 'Workhorse and Warrior', is designed to tackle obstacles both on job sites and trails. This reveal marks the first chapter of Mopar's presence at the SEMA show.

Mopar, born in 1937 as a line of antifreeze products, has evolved over 85 years to represent complete vehicle care and authentic performance. The brand made its mark in the 1960s muscle-car era with performance parts and has since expanded to include technical service and customer support. Today, Mopar integrates service, parts, and customer-care operations to enhance support worldwide.

FCA US reports total sales of 305,294 vehicles in Q3 2024, a 20% decrease year over year. Despite the decline, the company's total market share increased from 7.2% in July to 8% in September. Key highlights include:

- Jeep Compass sales increased 71% year over year
- Ram brand's heavy-duty commercial fleet sales up 26%
- FIAT brand sales rose 118% with the launch of the all-electric 500e
- Jeep Wrangler 4xe and Grand Cherokee 4xe remain top-selling plug-in hybrids in the U.S.
- Inventory reduced by 50,000 units (-11.6%) during Q3

The company introduced aggressive incentives across its U.S. brand portfolio, which will continue through the end of the year, to drive sales and prepare for 2025 models.

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.