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.
The new high-performance windshield wiper blades from Jeep Performance Parts (JPP) allow Jeep Wrangler and Gladiator owners to enhance visibility while using less washer fluid. Featuring 12 laser-cut holes, these blades release fluid along their length, eliminating 'blind' seconds during use. The kit, priced at $140, is currently available in the U.S. and Canada for 2018 models and newer. JPP aims to provide innovative solutions that enhance driving experiences on and off-road.
Dodge announces its Speed Week, scheduled for August 15-17, 2022, featuring three nights of worldwide product reveals at M1 Concourse in Pontiac, Michigan. Each night will showcase different muscle car categories: current muscle, gateway muscle, and future muscle. Media opportunities for interviews with Dodge executives are included, highlighting the brand's commitment to performance and innovation. Stellantis, the parent company, emphasizes Dodge's industry leadership in horsepower and quality awards.
The 2022 Grand Wagoneer has been named the Official Winter SUV of New England, while the 2022 Ram 1500 retains its title as the Official Winter Pickup Truck of New England. Other winners include the Jeep Grand Cherokee L in the Mid-size SUV category and the Jeep Wrangler in the compact SUV class, awarded by the New England Motor Press Association (NEMPA). The awards highlight the vehicles' performance and capabilities in harsh winter conditions.
Stellantis announced a total investment of $99 million in three North American plants to produce a new 1.6-liter turbocharged engine for hybrid-electric vehicle (HEV) applications. The investment includes $83 million for retooling the Dundee Engine Complex in Michigan, with production set to start in early 2025. The Kokomo Casting Plant will receive $14 million for upgrades, and nearly $2 million will be allocated to the Etobicoke Casting Plant for new tooling. This initiative aligns with Stellantis' Dare Forward 2030 strategy.
The MotorTrend Presents Roadkill Nights Powered by Dodge event returns on August 13, 2022, in Pontiac, Michigan, featuring legal street drag racing and a builder showdown using Dodge Direct Connection parts. A media preview is set for August 12. Highlights include celebrity appearances, vehicle builds by past competitors, and Dodge thrill rides. This year kicks off a multi-day Dodge Speed Week, including product reveals from August 15-17 and an event display on August 20 during Dream Cruise weekend.
Stellantis N.V. announced robust H1 2022 results, showcasing a record 14.1% AOI margin and a €8.0 billion net profit. The company's industrial free cash flows reached €5.3 billion, demonstrating strong financial health. Additionally, global BEV sales surged nearly 50%, positioning Stellantis as a leader in the EU30 BEV market. These results underscore Stellantis's commitment to sustainable mobility while capitalizing on market opportunities.
Dodge has secured the top spot among mass-market brands in the J.D. Power 2022 U.S. Automotive Performance Execution and Layout (APEAL) Study for the third consecutive year, marking a historic achievement as the only domestic brand to do so. Ram maintained its second-place ranking, with the Ram 1500 being recognized as the best large light-duty pickup for the third straight year. The Jeep brand also experienced a significant rise, improving 15 points in the APEAL index.
Stellantis has achieved a top score on the 2022 Disability Equality Index (DEI), reaffirming its commitment to disability inclusion. The DEI, considered the leading assessment tool in this area, measures workplace practices like culture, accessibility, and retention. Stellantis was also recognized in 2021 and has received several other diversity and inclusion accolades in 2022, such as high ratings from Diversity Inc. This reflects the company's ongoing efforts to create an inclusive workplace for individuals with disabilities, part of its broader 'Dare Forward 2030' strategy.
Free2move has successfully acquired Share Now, establishing itself as a global leader in mobility. This strategic move accelerates Free2move’s growth plans across Europe and the U.S., aiming to simplify customer mobility solutions with services available by the minute, day, month, or year. With over 6 million customers worldwide, the acquisition enhances Free2move’s mobility hub offerings and aligns with Stellantis' Dare Forward 2030 goal of reaching 15 million customers and €2.8 billion in revenue by 2030, creating potential new synergies and profitability.
Stellantis is shifting its focus in China by implementing an asset-light approach to enhance the Jeep brand. The company plans to support Jeep customers through an electrified lineup of imported vehicles and experienced local dealers. Due to a lack of progress in increasing its share of the GAC joint venture, Stellantis is terminating the partnership, which has been financially unviable, leading to a non-cash impairment charge of approximately €297 million in the first half of 2022.