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Stellantis (STLA) Stock News, Jun-Jul 2022

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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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Stellantis is set to host the Stellantis Startup Awards on July 13, 2022, at 2:30 p.m. CEST / 8:30 a.m. EDT. This digital event aims to introduce seven key technology partnerships that will support Stellantis' transformation into a sustainable mobility technology company, aligning with its Dare Forward 2030 ambitions. CEO Carlos Tavares will discuss strategies for leveraging the startup ecosystem.

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Stellantis has invested over €2 billion in its French manufacturing operations since 2018. Significant funding, including €150 million for the Trémery-Metz facilities, aims to enhance powertrain capabilities for battery electric and hybrid vehicles. The upgrades support Stellantis' electrification goals, targeting 100% BEV sales mix in Europe and 50% in the U.S. by 2030. New joint ventures, including Emotors and e-Transmissions, will produce electric motors and advanced transmissions, driving future growth in the EV market.

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Dodge has launched the HWY 93 campaign, connecting 93 events across the U.S. for car enthusiasts this summer. Running from June 22 to September 22, 2022, the campaign glorifies the Dodge lifestyle through an interactive map of events, drag strips, and attractions. Users can contribute by submitting their favorite destinations via social media, enhancing community engagement. The campaign also leads into "The Real Brotherhood of Muscle" marketing initiative, showcasing user-generated content across various platforms, thereby emphasizing Dodge's strong fanbase and brand loyalty.

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Stellantis has opened a new health and wellness center in Toledo, Ohio, in partnership with ProMedica, aimed at serving over 9,500 employees and their families. This facility will offer comprehensive primary care services, including preventative and acute care, and will begin operations in July. The center, which spans 12,000 square feet, features examination and consultation rooms, and provides low- to no-cost options for UAW-represented employees. Stellantis aims to enhance employee health access, showcasing its commitment to employee well-being.

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Stellantis has announced a €50 million investment in Vulcan Energy, making it the second largest shareholder in the company. This investment aims to enhance low-carbon lithium hydroxide production, vital for Stellantis’ electric vehicle production in Europe. The partnership extends the existing agreement for ten years, supporting Vulcan's Zero Carbon Lithium™ Project, which focuses on producing lithium with a net-zero carbon footprint. Stellantis aims for 100% battery electric vehicle sales in Europe by 2030 as part of its Dare Forward 2030 strategy.

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Dodge is set to host its Speed Week from August 12-20, 2022, on Woodward Avenue, marking its return to the iconic automotive event. The event will feature three consecutive days of worldwide product reveals from August 15-17, 2022, at M1 Concourse in Pontiac, Michigan. Highlights include the MotorTrend Presents Roadkill Nights event with legal street drag racing on August 13, and a public display on August 20. This initiative is part of Dodge's Never Lift roadmap, focusing on the brand's performance future.

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On June 21, 2022, Chrysler partnered with The Kelly Clarkson Show, Jay Leno, and BraunAbility to present a customized 2022 wheelchair-accessible Chrysler Pacifica to LAPD Officer Christian Arrue and his family during a live show taping. This initiative aims to support Officer Arrue's daughter, Bella, who has cerebral palsy. The Pacifica, celebrated as the most spacious wheelchair van, honors BraunAbility's 50th anniversary, showcasing a long-standing collaboration of over 45 years between Chrysler and BraunAbility.

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Stellantis has announced a €33 million investment in global testing hubs to enhance its R&D capabilities, crucial for achieving its Dare Forward 2030 strategic plan. This investment focuses on electrification and autonomous driving technologies, supporting the company’s goal of a 50% reduction in carbon emissions by 2030. Key improvements include upgrades at the Orbassano Safety Center in Italy and the winds tunnel in Auburn Hills, Michigan. These upgrades will facilitate advanced testing of battery-electric vehicles and enhance aerodynamics measurement, respectively.

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Samsara Inc. (NYSE: IOT) has partnered with Free2move, a global fleet and mobility company under Stellantis (Euronext Paris: STLA), to enhance operational efficiency for shared customers. The integration allows users of Stellantis vehicles from 2018 and newer to access factory-installed telematics data via Samsara's Connected Operations Cloud without additional hardware. This solution aims to improve fleet management, reduce downtime, and enhance driver safety by providing real-time insights into vehicle performance, including GPS, fuel usage, and tire pressure.

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On June 15, 2022, Stellantis celebrated excellence in its supply chain by recognizing 12 global suppliers at the second annual Stellantis Supplier Awards. The awards highlighted exceptional contributions across nine categories, emphasizing quality, commitment, and operational excellence. Maxime Picat, Chief Purchasing and Supply Chain Officer, reiterated Stellantis's goal to achieve 100% Battery Electric Vehicle (BEV) sales in Europe and a 50% BEV sales mix in North America, while also aiming to reduce BEV costs by 40% as part of its Dare Forward 2030 strategy.

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FAQ

What is the current stock price of Stellantis (STLA)?

Stellantis (STLA) last closed at $4.27.

What is the market cap of Stellantis (STLA)?

The market cap of Stellantis (STLA) is approximately $12.4B.