Stellantis N.V Stock Price, News & Analysis

Stellantis has announced the addition of Ignition Media Group to its media and marketing agency roster. This Detroit-based agency will help shape Stellantis' marketing strategies across its North American brands, including Alfa Romeo, Chrysler, Dodge, FIAT, Jeep, and Ram. The partnership aims to enhance marketing messages that reflect Stellantis' diverse customer base and reinforce its commitment to minority-owned economic empowerment. This move aligns with Stellantis' goal of creating a culturally inclusive approach in its marketing efforts.

On October 12, 2021, Stellantis announced that its employees received recognition at the Women of Color STEM Conference held from October 7-9. Key achievements include the Career Achievement in Industry Award for Deirdre Fultz, Technology All-Star Award for Jian Tao, and multiple Technology Rising Stars Awards for emerging leaders. Stellantis emphasizes its commitment to diversity, stating that a diverse workforce drives innovation and customer satisfaction. The company also highlighted several corporate diversity accolades received in 2021, reinforcing its leadership in promoting inclusivity in STEM fields.

Mopar has unveiled concept sketches ahead of the 2021 SEMA Show in Las Vegas, scheduled for November 2-5. The company will showcase customized vehicles along with hundreds of factory-backed performance parts and accessories at its exhibit, which spans 15,345 square feet. Mopar, part of Stellantis, focuses on vehicle care and performance enhancement since its inception in 1937. The SEMA Show represents a $47.89 billion specialty automotive industry, emphasizing innovation and performance products.

Stellantis announced the reinstatement of domestic partner benefits for all eligible U.S. non-bargaining unit employees, effective January 1, 2022. This decision is part of the company's commitment to diversity and inclusion, honoring LGBTQ+ History Month. The benefits extend to both same- and opposite-sex partners, continuing Stellantis's history of supporting domestic partners since 2000. The company will also light its Auburn Hills tower purple from October 11-21 to mark this initiative. Stellantis aims to meet the diverse needs of its employees and stands as a leader in corporate equality.

Stellantis has announced a $229 million investment in its Kokomo, Indiana, plants to enhance its electrification strategy. This initiative will retain 662 jobs and retool three plants to produce next-generation, eight-speed transmissions. These transmissions are designed to improve fuel economy and enable vehicles to meet future emissions standards. The investment is part of Stellantis' commitment to achieving 40% low-emission vehicle sales in the U.S. by 2030 and follows a larger $35 billion investment into electrification through 2025.

The 2021 Jeep Grand Cherokee L has been awarded a spot on Wards 10 Best Interiors list in its inaugural eligibility year. Praised for its luxurious seven-passenger interior, the vehicle features high-quality materials such as hand-wrapped leather and real wood, alongside modern technology including 10-inch digital displays and a premium 950-watt McIntosh sound system. The design emphasizes passenger comfort with customizable ambient lighting and advanced climate control. This accolade reflects the brand's commitment to luxury and craftsmanship in the SUV market.

Stellantis announces participation in the 2021 Rebelle Rally, featuring three factory Jeep Wrangler 4xe teams. The competition runs from October 7-16 and covers over 1,400 miles across Nevada and California. The Jeep Wrangler 4xe combines a 2.0-liter engine with two electric motors, offering 21 miles of all-electric range and 49 MPGe, emphasizing off-road capability without range anxiety. This year marks the sixth consecutive partnership with the rally, aimed at showcasing Jeep’s commitment to electrification and female empowerment in off-road driving.

FCA US LLC reported its Q3 2021 U.S. sales figures, showing a total of 410,917 vehicles sold, a 19% decrease from last year. Despite this, several models performed well: Jeep Grand Cherokee sales surged 45%, Jeep Gladiator achieved its best third quarter ever with 2% growth, and Ram ProMaster Van sales increased 26%. The company noted ongoing supply chain issues impacting inventory, yet year-to-date sales are up 3% compared to 2020. Noteworthy sales gains were also seen in the Dodge Durango and Alfa Romeo brands.

The all-new 2022 Jeep Grand Cherokee has been unveiled, highlighting its status as the most technologically advanced and luxurious Grand Cherokee yet. This fifth-generation model includes a new plug-in hybrid powertrain, with an estimated 25 miles of all-electric range and 57 MPGe. It features an innovative architecture, advanced 4x4 capability, and the class-exclusive Jeep Quadra-Lift air suspension. The vehicle is set to arrive at North American dealerships in Q4 2021, followed by the electrified 4xe variant in early 2022. Jeep, part of Stellantis (STLA), celebrates its 80th anniversary with this launch.