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Stellantis (STLA) Stock News, May-Jun 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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The 2022 Jeep® Compass has received a TOP SAFETY PICK rating from the Insurance Institute for Highway Safety (IIHS), excelling in all six crashworthiness tests.

Key highlights include a "superior" rating for automatic emergency braking technology and an "advanced" rating for pedestrian detection. Sales of the Compass are up 22% year-over-year in Q1 2022. The vehicle boasts over 75 safety features, exceeding competitors in its class.

Stellantis aims for all Jeep models to offer electrified variants by 2025 as part of its commitment to zero emissions.

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Stellantis announced the launch of the “Freedom of Mobility Forum”, an annual open forum dedicated to addressing sustainable mobility issues. Scheduled for early 2023, this platform will engage diverse stakeholders in a 360-degree approach to discuss and develop actionable solutions for clean, safe, and affordable mobility, particularly in light of climate challenges. The initiative further emphasizes Stellantis’ commitment to direct engagement with the public, following its withdrawal from the European Automobile Manufacturer’s Association (ACEA) by year-end 2022.

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The seventh edition of MotorTrend Presents Roadkill Nights Powered by Dodge is scheduled for August 13, 2022, in Pontiac, Michigan. This one-day festival will feature legal street drag racing, Dodge thrill rides, and a classic and modern muscle car show. The event aims to celebrate car culture, attracting over 38,000 enthusiasts last year. Highlights include the Dodge Direct Connection Grudge Race, where competitors build drag-race machines. More details about tickets, schedules, and the upcoming Dodge performance plan, Never Lift, will be available this summer.

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Arena del Futuro, a circuit developed by A35 Brebemi in collaboration with Stellantis and other partners, showcases Dynamic Wireless Power Transfer (DWPT) technology for electric vehicles (EVs). The pilot project demonstrates that EVs like the Fiat New 500 can travel at highway speeds without depleting their battery, thus easing range anxiety and supporting sustainability. Coupled with Stellantis' Dare Forward 2030 strategic plan, this technology aims for a future where electrified mobility is accessible and efficient.

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Stellantis and Jeep are the presenting sponsors of the 2022 Motor City Pride Parade on June 11 and 12 in Detroit, the largest LGBTQ+ gathering in Michigan. Celebrating its 50th year, Motor City Pride demonstrates Stellantis' commitment to LGBTQ+ employees and communities. The Jeep brand will showcase several vehicles during the parade. The company will also sponsor New York City Pride later this month and offer pride-themed merchandise across its North American brands. Stellantis is recognized for its diversity initiatives, including the Prism LGBTQ+ Alliance, which supports LGBTQ+ employees and events.

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Stellantis announces the release of the 2022 Ram 1500 TRX Sandblast Edition, enhancing its light-duty lineup with unique performance aspects and customization options. This special edition features a 6.2-liter supercharged HEMI V-8 engine, a unique Mojave Sand color, and additional interior upgrades, providing a blend of capability and technology. With a starting MSRP of $98,285, the model will be available this summer, targeting performance truck buyers looking for exclusivity and style.

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FCA US LLC has reached a settlement regarding a U.S. Department of Justice investigation involving approximately 101,482 vehicles equipped with EcoDiesel engines. The agreement includes a guilty plea, a fine of $96.1 million, and the forfeiture of $203.6 million in gains. Consumer claims related to the affected vehicles have been resolved, and no additional recalls are necessary. FCA US had previously accrued approximately €266 million ($301 million) for this matter, covering the penalties outlined in the plea agreement.

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Stellantis has signed a binding offtake agreement with Controlled Thermal Resources (CTR) for the supply of lithium hydroxide to support its North American electric vehicle production. This agreement will provide up to 25,000 metric tons of battery-grade lithium annually over the next decade, enhancing Stellantis' decarbonized supply chain for electrification. The lithium will be sourced from CTR’s geothermal project in California, utilizing renewable energy for production. Stellantis plans to launch over 25 all-new battery electric vehicles and aims for 50% BEV sales by 2030.

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The Jeep brand has launched a global marketing campaign in collaboration with Universal Pictures for the upcoming film Jurassic World Dominion, premiering June 10, 2022. The campaign includes a 60-second commercial featuring the Jeep Wrangler 4xe and the all-new Grand Cherokee 4xe. Jeep Wave members can attend exclusive drive-in events on June 8 and 9 in select U.S. cities. This promotion follows a longstanding partnership with Universal, aimed at enhancing the Jeep brand's visibility as it expands its electrified vehicle lineup.

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On May 31, 2022, Stellantis announced that its Jeep® Grand Cherokee L has been named one of the Best 7-Passenger SUVs for 2022 by Forbes Wheels. The recognition underscores the vehicle's legendary 4x4 capability, spacious interior, and advanced safety features. The Grand Cherokee L is part of a lineup that includes both two- and three-row models, now featuring a 4xe plug-in hybrid option. Attributes highlighted include exceptional passenger comfort, impressive cargo volume, and modern technological integrations.

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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.