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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.
Stellantis (NYSE: STLA) held its 9th annual Factory Booster Day on September 18, 2024, at the Mirafiori Complex in Turin, Italy. The event showcased 93 innovations from over 60 partners, aimed at enhancing manufacturing efficiency and sustainability. Key achievements since 2021 include:
• 11% reduction in transformation costs
• 23% decrease in energy consumption
• 40% reduction in quality issues
Notable innovations implemented from previous events include:
• Autodesk Construction Cloud for digital twin simulations
• AI-enabled robot guidance for improved quality and reduced lead time
• Autonomous wheels from wheel.me for efficient material movement
These advancements support Stellantis' Dare Forward 2030 strategic plan, which aims for carbon net zero by 2038, 40% reduction in production costs by 2030, and industry-leading product quality.
Stellantis Pro One has inaugurated its global commercial vehicles hub at the Mirafiori Automotive Park 2030 in Turin, Italy. This hub brings together over 80 experts to integrate cross-brand functions and coordinate global competence centers. The move aims to increase efficiency and decision-making speed in Stellantis' commercial vehicles business, which accounts for one-third of the company's total Net revenue.
Key highlights include:
- Stellantis Pro One secured top positions in Europe 30, South America, and the Middle East & Africa in H1 2024
- Renewed entire van lineup with 12 new models featuring second-generation electrification and full connectivity
- Introduced 'Stellantis CustomFit' program for vehicle conversion and customization
- Expanded hydrogen fuel cell vehicle production capacity
The hub underscores Stellantis' commitment to strengthening its global leadership in commercial vehicles and achieving its Dare Forward 2030 strategic plan objectives.
Dodge has officially opened orders for the all-new 2024 Dodge Charger Daytona, marking a new era of American muscle cars. The company is offering an exclusive First Call package for customers who place a sold order by October 31, 2024. This package includes:
1. A two-day performance driving experience at Radford Racing School
2. A welcome kit
3. Exclusive VIP concierge service
The 2024 Charger Daytona comes in two models: R/T and Scat Pack. The Scat Pack retains the title of the world's quickest and most powerful muscle car, with 670 horsepower and 0-60 mph in 3.3 seconds. Both models include factory-installed Direct Connection upgrades and qualify for the full $7,500 federal tax credit when leased.
Jeep® has launched a new marketing campaign called 'There's Only One', celebrating its iconic SUVs. The multi-faceted campaign includes 30 and 60-second videos across broadcast, social, and digital channels. It highlights Jeep's entire SUV portfolio, including the Wrangler, Grand Cherokee, Wagoneer, Gladiator, and Compass.
The campaign revives the 'There's Only One' tagline from 30 years ago and showcases Jeep's off-road capabilities and cultural significance. It will initially focus on the U.S. market with potential for global expansion. Multicultural versions targeting Black and Hispanic markets are planned for select markets in the coming weeks.
Raj Register, Chief Marketing Officer of North America, Stellantis, emphasized the campaign's aim to showcase Jeep's legacy while steering towards new multi-energy platforms. The campaign was created in partnership with Chicago-based Highdive.
Stellantis N.V. (STLA) has reported its weekly share repurchase activity for September 6-12, 2024, as part of its Third Tranche of the 2024 Share Buyback Program. The company repurchased 16,795,830 common shares at an average price of €13.8195 per share, totaling €232,109,834. This is part of a larger €1 billion buyback program announced on August 1, 2024, set to run until November 29, 2024. Since the program's inception, Stellantis has bought back 47,494,365 shares for a total of €679,003,146. As of September 5, 2024, the company held 128,994,539 shares in treasury, representing 3.32% of its total issued share capital.
Stellantis (NYSE: STLA) has announced investments totaling over $406 million in three Michigan facilities to support its multi-energy strategy. The Sterling Heights Assembly Plant (SHAP) will receive $235.5 million to produce the company's first battery-electric Ram 1500 REV and the range-extended Ram 1500 Ramcharger alongside internal combustion engine models. $97.6 million will go to the Warren Truck Assembly Plant for production of a future electrified Jeep Wagoneer. The Dundee Engine Plant will get $73 million for battery tray assembly and beam machining for STLA Frame and STLA Large architectures.
These investments align with Stellantis' Dare Forward 2030 strategic plan, aiming for 50% BEV sales mix in the US by 2030. The company is investing over €50 billion in electrification this decade and targeting carbon net zero status by 2038.
Dodge unveils the 2025 Dodge Durango SRT Hellcat Hammerhead, a new special-edition model of their powerful SUV. This -production vehicle features a 710-horsepower supercharged 6.2-liter HEMI Hellcat V-8 engine, accelerating from 0 to 60 mph in 3.5 seconds. The Hammerhead edition boasts a distinctive Hammerhead Grey leather interior and Night Moves exterior color.
Key features include Satin Carbon 20-inch wheels, a Satin Black painted hood, and premium tech like a 10.1-inch touchscreen with navigation. The model qualifies for a $10 per horsepower cash allowance under the Dodge Power Dollars program. Available for ordering now, the Durango SRT Hellcat Hammerhead starts at a U.S. MSRP of $113,720 (excluding destination charge).
Dodge is entering the 2024-2025 Nitrocross Series with four 1,000-plus-horsepower Dodge Hornet R/T FC1-X electric-powered race cars in the Group E class. The cars will be fielded by the Dreyer & Reinbold Racing (DRR) team, with drivers including 17-year-old Lia Block and two-time Group E champion Robin Larsson. The series begins on Sept. 7-8 at Richmond Raceway and includes 10 events across five locations. Nitrocross, introduced by Travis Pastrana in 2020, features tracks with pavement and dirt surfaces and is known for its spectacular jumps and wild drifts. The Dodge Hornet R/T FC1-X can accelerate from 0-60 in 1.4 seconds and produces nearly 2g of acceleration from a standing start.
Stellantis N.V. (STLA) has reported on its Third Tranche of the 2024 Share Buyback Program for the week of August 30 to September 5, 2024. The company repurchased 10,234,319 common shares at an average price of €14.6426 per share, totaling €149,856,750. Since the program's inception on August 1, 2024, Stellantis has bought back 30,698,535 shares for €446,893,312. As of September 5, 2024, the company held 112,798,709 treasury shares, representing 2.88% of its total issued share capital. The buyback program, announced on August 1, 2024, aims to repurchase up to €1 billion of shares in the open market by November 29, 2024.
Ram is entering the 2024 Rebelle Rally with automotive journalists Jill Ciminillo and Kristin Shaw driving a 2025 Ram 1500 RHO. The all-women off-road rally covers over 1,500 miles of California and Nevada desert from October 10-19, 2024. The Ram 1500 RHO features an all-new 3.0-liter Hurricane High Output Straight-Six Turbo engine, delivering 540 horsepower and 521 lb.-ft. of torque. It offers the best value with $129.60 per horsepower, outperforming other off-road trucks. The Rebelle Rally tests navigation skills and endurance without GPS or cell phones. This marks Team Brute Squad's third participation in the event, showcasing Ram's commitment to off-road performance and women in motorsports.
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