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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Leasys and Free2move Lease have announced a consolidation of their businesses to form a new mobility company, with each party holding 50% of the shares. This company aims to specialize in multi-brand operational leasing and will operate in 11 countries with a fleet of approximately 828,000 vehicles, targeting 1 million vehicles by 2026. Richard Bouligny has been appointed as Chairman, while Rolando D’Arco will serve as CEO. This merger follows binding agreements made in the first half of 2022 and is expected to close in the first half of 2023, pending regulatory approvals.
Stellantis has announced its 2023 Annual General Meeting (AGM) agenda, scheduled for April 13, 2023, in Amsterdam. Shareholders can access the AGM materials, including audited financial statements for the fiscal year ending December 31, 2022, on the company’s official website. The available documents can be viewed and downloaded, and hard copies can be requested for free.
This AGM is significant for shareholders as it involves key decisions that could impact the company's future direction and performance.
On March 1, 2023, Dodge unveiled the second in a series of teasers leading to the launch of the final "Last Call" special-edition vehicle. The teaser, titled "Density Matters," hints at the performance features of this ultimate Dodge model. The global reveal is set for March 20, 2023, during the Dodge Last Call Powered by Roadkill Nights Vegas event. Following the previous teaser, a new video will be released on March 9, 2023. Dodge is celebrating the end of the HEMI-engine-powered Dodge Challenger and Charger with these final special editions. The event will also showcase the Dodge Charger Daytona SRT Concept, marking the brand's electrified future.
Stellantis and Koç Holding announced a strategic agreement to enhance their Tofaş partnership in Türkiye, consolidating commercial activities for all Stellantis brands under Tofaş. This move aims to create synergies and increase operational efficiency. Notable developments include the allocation of the new 'K0' model production to Tofaş for five brands, with a launch aimed for early 2025. The current production of Doblo will continue until July 2023. Additionally, the existing Fiat Egea/Tipo project is extended to the end of 2025. This agreement signifies confidence in Türkiye's automotive market amidst recent challenges, emphasizing improved customer-centric offerings and potential growth opportunities.
Stellantis has announced a significant investment of $155 million in three plants located in Kokomo, Indiana, aimed at producing new electric drive modules (EDM) to enhance their electrification efforts. This investment aims to support Stellantis's goal of achieving 50% battery-electric vehicle sales in the U.S. by 2030. The EDM will integrate key components to improve vehicle performance and efficiency, potentially reaching a driving range of up to 500 miles. Over 265 jobs will be retained, contributing to the company’s strategic objective of investing nearly $3.3 billion in Indiana since 2020.
Stellantis has announced a significant $155 million investment in McEwen Copper to secure its copper supply for electric vehicle production, furthering its commitment to be carbon net zero by 2038. With this investment, Stellantis acquires a 14.2% equity stake, becoming the second-largest shareholder in McEwen Copper.
The Los Azules project in Argentina aims to produce 100,000 tons of high-purity cathode copper annually starting in 2027. This partnership aligns with Stellantis' goal to innovate and ensure the availability of strategic raw materials for its global electrification plans.
Stellantis N.V. has published its 2022 Annual Report and filed its 2022 Form 20-F with the U.S. Securities and Exchange Commission on February 24, 2023. These documents are accessible in the Investors section of Stellantis' corporate website. Shareholders can request a hard copy of these materials at no charge. The 2022 Annual Report and Form 20-F provide essential insights into the company's financial performance and regulatory compliance, contributing to its goal of becoming a leader in sustainable mobility. For further details, stakeholders can visit www.stellantis.com.
The Dodge Last Call Powered by Roadkill Nights Vegas event, scheduled for March 20, 2023, will showcase the final 2023 Dodge "Last Call" special-edition model, marking the end of the current HEMI®-engine-powered Dodge Challenger and Charger. This event features a day of drag racing, thrill rides, and a car show, culminating in a concert by Grammy-winner Diplo. Dodge is also celebrating its 2023 lineup by reviving popular heritage colors and introducing new features for its Charger and Challenger models, which will include a commemorative underhood plaque.
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