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.
Dodge//SRT and Mopar commence the 2023 NHRA Camping World Drag Racing Series from March 9-12 at Gainesville Raceway, Florida, marking the first season-opening event hosted in Florida's history. This event celebrates a year of partnership with Tony Stewart Racing, featuring drivers Leah Pruett and Matt Hagan. Hagan, the defending Funny Car champion, aims for victory with his Direct Connection Dodge Charger SRT Hellcat. Likewise, Pruett brings her Top Fuel dragster, capitalizing on successful pre-season tests. The event will showcase performance parts from Direct Connection and runs throughout 21 national events streamed live on FOX and NHRA.TV.
Stellantis has announced that its Cassino Assembly Plant in Italy will start producing vehicles based on the new BEV-centric STLA Large platform. This initiative aligns with Stellantis' Dare Forward 2030 strategic plan, emphasizing electrification and sustainability.
The STLA Large platform promises a range of up to 800 km (500 miles) and features flexible design capabilities. Stellantis is investing over €30 billion through 2025 in electrification and software innovations. This investment aims for significant emission reductions and doubling net revenues by 2030.
Stellantis has entered into a Memorandum of Understanding with the Industrial Development Corporation and the Department of Trade, Industry and Competition to establish a vehicle manufacturing facility in South Africa. This initiative is part of Stellantis' Dare Forward 2030 strategy, aiming to produce one million vehicles in the region by 2030, achieving 70% production autonomy. The project, located in a South African Special Economic Zone, is targeted for completion by 2025. Key officials, including Minister Ebrahim Patel and Stellantis COO Samir Cherfan, emphasized the importance of this investment in enhancing local manufacturing capabilities and job creation.
Stellantis has signed the United Nations Women's Empowerment Principles (WEP), reinforcing its commitment to gender equality and diversity within its workforce. CEO Carlos Tavares emphasized that the company's transformation into a sustainable mobility tech entity is contingent upon its representation reflecting global diversity.
In 2022, Stellantis increased the percentage of women in leadership roles from 24% to 27%, aiming for 30% by 2025. The company's Women of Stellantis resource group celebrated its first anniversary, increasing membership by 67%.
On March 7, 2023, Stellantis announced a partnership with Detroit-based Vehya to enhance its U.S. dealer network's readiness for electric vehicles (EV). This collaboration will provide comprehensive evaluations and integration services to over 2,600 Stellantis dealers. Currently, more than 73% of these dealers are assessing their readiness for EV sales and service. Vehya offers a full-service solution, including certified electricians and dedicated account management, to streamline the installation of EV chargers. This partnership is part of Stellantis' broader plan to ensure that 50% of its U.S. sales consist of battery-electric vehicles by 2030.
The all-new Dodge Hornet has launched a multimedia marketing campaign titled "Swarming the Nation" across various platforms including social media and television. The campaign features a 90-second video highlighting the Hornet's performance, which includes a hybrid model with 288 horsepower and a 0-60 mph time of 5.6 seconds. The Hornet GT, powered by a 2.0-liter turbo engine, boasts 268 horsepower, making it the most powerful gas engine in its segment under $30,000. The Hornet aims to disrupt the mainstream compact-utility vehicle market with its exclusive features and electrified performance.
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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.