Stellantis N.V. reports developments across a global automotive business built around brands such as Jeep, Chrysler, Dodge, Ram, FIAT, Peugeot, Citroën, Opel, Alfa Romeo and Maserati. Recurring news covers operating and financial results, regional vehicle demand, industrial execution, liquidity, and capital actions alongside updates from its brand portfolio.
Company announcements also track vehicle launches and refreshes, including Chrysler Pacifica minivans and Jeep Wrangler, Gladiator and Rubicon models; Mopar service, parts and customer-care products; design and performance programs; shareholder voting matters; and brand partnerships tied to customer engagement and mobility services.
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Stellantis has received the 2023 Best Employers: Excellence in Health and Well-being Award from the Business Group on Health. This recognition underscores the company's dedication to enhancing employee wellness through innovative programs. Stellantis is among 50 large employers honored for their commitment to employee health. The company offers comprehensive well-being initiatives, including family health and wellness centers in Detroit, Kokomo, and Toledo. These facilities provide accessible, low-cost healthcare options to employees and their families. According to Stellantis leadership, promoting a culture of health is essential for employee performance and overall company success. The award is based on criteria assessing leadership, strategy, holistic well-being, employee engagement, and health equity, highlighting Stellantis' proactive approach during challenging times.
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Stellantis has been recognized by Winds of Change magazine as one of the top companies for recruiting and developing Indigenous STEM professionals, marking its fourth consecutive year on this prestigious list. This recognition underscores Stellantis' commitment to diversity and inclusion as a core element of its customer-centric business strategy.
The ranking celebrates Stellantis' Indigenous Cultural Opportunity Network (ICON), which aims to enhance career opportunities for Indigenous professionals in the STEM fields. Stellantis also ranked third in DiversityInc's 2022 Top Companies for Supplier Diversity specialty list, further affirming its dedication to fostering an inclusive workplace.
As a leading global automaker, Stellantis is focused on sustainable mobility while creating value for stakeholders and communities.
Stellantis N.V. has reported on its first tranche of the share buyback program initiated on March 16, 2023. The program, amounting to €500 million, is set to run until June 19, 2023. As of April 20, 2023, Stellantis repurchased a total of 1,124,884 shares during the week of April 14-20, at an average cost of €16.87 per share, totaling approximately €18.98 million for this period. Since the program's start, the company has acquired 3,703,624 shares for a total of €61.31 million. Following these transactions, Stellantis holds 72,829,168 shares in treasury, equating to 2.27% of the total issued share capital. This initiative aims to enhance shareholder value and optimize capital structure.
Stellantis is concluding tests on eFuels for 28 engine families to reduce carbon emissions in its fleet of internal combustion engines (ICE) in Europe. While aiming for 100% battery electric vehicle (BEV) sales in Europe by 2030, eFuels could cut CO2 emissions by up to 90% and affect around 28 million vehicles. The initiative could potentially reduce emissions by 400 million tons from 2025 to 2050. CEO Carlos Tavares emphasized that this step complements their electrification strategy and helps address emissions from existing ICE vehicles. Stellantis aims for carbon neutrality by 2038, backed by an investment of over €30 billion by 2025 towards electrification and software development.