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 all-new 2022 Grand Wagoneer has been awarded the Wards 10 Best Interiors & User Experience, marking its first year of eligibility. Recognized for its premium American craftsmanship, the Grand Wagoneer boasts best-in-class passenger space and innovative technology, including a state-of-the-art 23-speaker McIntosh audio system and Amazon Fire TV integration. Wards evaluated 22 vehicles on aesthetics, material quality, and user interfaces to determine this prestigious award, highlighting Grand Wagoneer’s commitment to luxury and modern design.
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Stellantis reported a 12% increase in Q1 2022 net revenues, totaling €41.5 billion, compared to €37.0 billion in Q1 2021 Pro Forma. The growth stemmed from strong pricing, vehicle mix, and favorable FX translation, despite a 12% decline in shipments to 1,374 thousand units due to semiconductor shortages. The full-year guidance for double-digit adjusted operating income margins and positive cash flow was confirmed. Additionally, an ordinary dividend of €1.04 per share was approved at the AGM.
Stellantis has been recognized by Winds of Change magazine as one of the top 50 companies for recruiting Indigenous STEM professionals for the third consecutive year. This acknowledgment highlights Stellantis' commitment to diversity and inclusion as integral to its business strategy. The company’s ICON Business Resource Group plays a pivotal role in fostering a supportive workplace for Indigenous talent. Additionally, Stellantis launched leadership programs aimed at developing Black and multicultural employees, further establishing its dedication to an inclusive work culture.
Free2move has signed an agreement to acquire Share Now, enhancing its position as a global mobility leader. This acquisition adds 14 new European cities and 10,000 vehicles to Free2move's existing fleet and aims to grow its customer base from 2 million to 5.4 million. With a goal of achieving €2.8 billion in net revenues by 2030, this strategic move is crucial for Stellantis's 'Dare Forward 2030' initiative. The completion of the acquisition is subject to customary conditions, including antitrust requirements.
Stellantis announced a CAD $3.6 billion investment to secure the future of its Windsor and Brampton Assembly Plants and enhance its Automotive Research and Development Centre (ARDC). This initiative is part of a broader CAD $45 billion electrification strategy through 2025. The total investment in Canada now reaches CAD $8.6 billion, expected to create 2,500 jobs. The upgrades will support multi-energy vehicle architecture and expand electric vehicle production. Notably, the Windsor-based ARDC will add over 650 engineering jobs, marking a significant step towards sustainability.
The 2022 Jeep Grand Cherokee 4xe has been awarded the 2022 Northwest Outdoor Activity Vehicle of the Year by the Northwest Automotive Press Association (NWAPA). This marks a historic win as it is the first vehicle to take home honors in the Overall, Electrified Utility Vehicle, and Mid- and Full-Size Family categories at the Mudfest competition. The Grand Cherokee 4xe, featuring a plug-in hybrid version, offers impressive performance metrics, including 375 hp, 56 MPGe, and a 0-60 mph time of 6.0 seconds, reinforcing Jeep's commitment to electrification and advanced utility.
Stellantis conducted its first Hackathon in Detroit from April 22-24, awarding a total of $22,000 to college teams innovating software to enhance driving safety and fuel efficiency. The winning team received $15,000 for developing an app that incentivizes safer driving through a points system. This event aligns with Stellantis' Dare Forward 2030 strategic plan, targeting 34 million connected cars by 2030 and significant investments in software and electrification exceeding $35 billion by 2025. By 2024, Stellantis aims for most vehicles to have over-the-air updating capabilities.
On April 26, 2022, Dodge announced the appointment of Preston Patterson from North Carolina as its new Chief Donut Maker after a nationwide competition that attracted over 173,500 applications. The contest showcased Patterson's skills through various challenges, ultimately leading to his selection. As Chief Donut Maker, he will receive a salary of $150,000 and access to significant automotive events. This initiative is part of Dodge's 'Never Lift' plan, aimed at promoting the brand's future performance, which includes focusing on electrified muscle cars.
Stellantis has announced key leadership changes in its hydrogen fuel cell vehicle division. Jean-Michel Billig will join as Chief Technology Officer, effective June 27, 2022, bringing extensive experience from the naval and aerospace sectors. Uwe Hochgeschurtz, CEO of the Opel brand, will additionally lead the commercialization of hydrogen fuel cells globally. This initiative aligns with Stellantis' goal to enhance its leadership in sustainable mobility, as outlined in its Dare Forward 2030 strategic plan, addressing zero-emission needs especially for light commercial vehicles.