Stellantis Announces Cancellation of CES® 2024 Plans

Rhea-AI Summary

Stellantis cancels plans for CES® 2024 due to ongoing UAW negotiations

Positive

• Stellantis is implementing a contingency plan to mitigate financial impacts and preserve capital
• The company remains committed to building products customers love and ensuring freedom of mobility for all
• Stellantis aims to become second to none in value creation for its employees and stakeholders

Negative

• Cancellation of CES® 2024 display and presentations may negatively impact the company's visibility and potential partnerships at the event

Stellantis Announces Cancellation of CES^® 2024 Plans

• With a focus on preserving business fundamentals in the wake of ongoing UAW negotiations, Stellantis is canceling its CES 2024 display and presentations as part of the contingency plan implemented since the beginning of UAW strike
• Company is executing comprehensive countermeasures to mitigate financial impacts and preserve capital, and will continue to demonstrate its transformation into a mobility tech company through other means
• Stellantis remains committed to building products customers love, ensuring freedom of mobility for all, and becoming second to none in value creation for its employees and all other stakeholders as outlined in the Dare Forward 2030 strategic plan

AMSTERDAM, October 17, 2023 – As the costs of the ongoing UAW strikes against Stellantis continue to mount, the Company has decided to cancel its planned display and presentations at CES^® 2024, the world’s largest technology show, scheduled for January 2024 in Las Vegas, Nevada.

Being second to none in value creation for all stakeholders – customers, employees and investors – is a key component of the Stellantis Dare Forward 2030 strategic plan. In light of the current status of negotiations in the United States, preserving business fundamentals and therefore protecting the future of the company is a top priority of Stellantis leadership.

# # #

About Stellantis

Stellantis N.V. (NYSE: STLA / Euronext Milan: STLAM / Euronext Paris: STLAP) is one of the world’s leading automakers and a mobility provider. Its storied and iconic brands embody the passion of their visionary founders and today’s customers in their innovative products and services, including Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, Fiat, Jeep®, Lancia, Maserati, Opel, Peugeot, Ram, Vauxhall, Free2move and Leasys. Powered by our diversity, we lead the way the world moves – aspiring to become the greatest sustainable mobility tech company, not the biggest, while creating added value for all stakeholders as well as the communities in which it operates. For more information, visit www.stellantis.com.

	@Stellantis		Stellantis		Stellantis		Stellantis
For more information, contact: Fernão SILVEIRA +31 6 43 25 43 41 – fernao.silveira@stellantis.com Nathalie ROUSSEL +33 6 87 77 41 82 – nathalie.roussel@stellantis.com   communications@stellantis.com www.stellantis.com

Attachment

• EN-20231017-Stellantis-CES-2024-FINAL

FAQ

Why did Stellantis cancel its plans for CES® 2024?

Stellantis canceled its plans in order to focus on preserving business fundamentals during ongoing UAW negotiations

What is Stellantis doing to mitigate financial impacts?

Stellantis is executing comprehensive countermeasures to mitigate financial impacts and preserve capital

What is Stellantis' strategic plan?

Stellantis' strategic plan is called Dare Forward 2030, which aims to become second to none in value creation for its employees and stakeholders

What is the ongoing UAW strike?

The ongoing UAW strike refers to the strikes by the United Auto Workers union against Stellantis

When was CES® 2024 scheduled to take place?

CES® 2024 was scheduled to take place in January 2024 in Las Vegas, Nevada