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.
On February 28, 2022, Stellantis and the National Business League (NBL) completed the pilot of the National Black Supplier Development Program, graduating 13 Black-owned businesses. These participants are either securing or being considered for vital contracts in Stellantis marketing projects, including the Chrysler Pacifica and Dodge Durango. The program aims to enhance opportunities for over 2.9 million Black businesses in a post-pandemic economy, promoting equity in the marketplace. The next phase will onboard Fortune 500 partners and evaluate lessons learned to ensure program sustainability.
Stellantis N.V. has published its 2021 Annual Report and filed its Form 20-F with the SEC, with both documents available on its website. The company intends to recommend a dividend distribution of approximately €3.3 billion (about US$3.7 billion), translating to €1.04 per common share, pending shareholder approval at the AGM on April 13, 2022. The proposed dividend's ex-date is April 19, 2022, the record date is April 20, 2022, and payment is expected by April 29, 2022.
The Jeep brand is returning to Moab, Utah, for the 56th annual Easter Jeep Safari from April 9-17, 2022. This event, hosted by Moab's Red Rock 4-Wheelers club, attracts thousands of Jeep enthusiasts each year. Jeep and Jeep Performance Parts (JPP) are set to unveil unique concept vehicles, including a 4xe electrified SUV showcasing Jeep's commitment to Zero Emission Freedom. All Jeep models will offer electrified versions by 2025, highlighting the brand's dedication to sustainable off-roading.
The 2022 Chrysler Pacifica minivan has received a TOP SAFETY PICK+ rating from the Insurance Institute for Highway Safety (IIHS), marking its second consecutive year achieving this status. It excelled in six crashworthiness tests and boasts an advanced Automatic Emergency Braking system rated 'superior.' The Pacifica remains unique in North America as the only minivan offering all-wheel drive and second-row Stow 'n Go seating. With over 160 industry awards, it continues to set benchmarks in safety and innovation.
The 2022 Ram 1500 Crew Cab has achieved the TOP SAFETY PICK rating from the IIHS, marking the third consecutive year for this accolade. The rating is attributed to its superior Automatic Emergency Braking (AEB) system and outstanding performance in six crashworthiness tests. The truck's AEB technology combines camera and radar capabilities, enhancing safety by potentially avoiding frontal impacts. Ram aims to deliver exceptional vehicle safety, underscoring the importance of safety for families and communities.
Stellantis announced a significant redistribution of €1.9 billion to employees based on its strong 2021 financial results, marking a 70% increase compared to the previous year's cumulative redistribution by legacy companies. This initiative highlights the company's commitment to its workforce amid challenging circumstances, including the pandemic and semiconductor shortages. Stellantis CEO Carlos Tavares emphasized that employees are integral to the company's success and that they will benefit from the company's profitable growth. The policy follows a 'pay for performance' approach to enhance employee commitment.
Stellantis reported record results for 2021, achieving a €13.4 billion net profit, nearly tripling year-on-year, and a 14% increase in net revenues to €152 billion. The company’s adjusted operating income surged to €18 billion with an 11.8% operating margin. Industrial free cash flows reached €6.1 billion, driven by profitability and synergies. Stellantis plans to invest over €30 billion in electrification and software by 2025, highlighting a strong market position across various regions, particularly in North America and South America.
Stellantis has announced the launch of the 2022 Jeep Compass Altitude Package, now available for order. This new package features unique Gloss Black exterior accents and offers legendary Jeep 4x4 capability. The MSRP starts at $1,645, which includes 18-inch black aluminum wheels and advanced safety features like Forward Collision Warning. The Altitude Package complements the existing (RED) special edition, aimed at supporting global health initiatives. Jeep's commitment to customer service is highlighted through the Jeep Wave program, offering maintenance and exclusive perks.
On February 16, 2022, Stellantis announced the launch of the Direct Connection Contingency Program for Dodge Challenger Mopar Drag Pak racers, featuring a $10,000 reward for wins at NHRA and NMCA events—making it the largest manufacturer-backed contingency award. The program aims to enhance grassroots racing support, offering a total of 14 events in 2022. Additionally, participants can earn $1,000 for victories and $500 for runner-up finishes, while a suite of 13 race-ready kits will be available for purchase starting March 9, 2022.
On February 16, 2022, Stellantis launched the "Where I'm From" social media campaign featuring Jalen Rose, a Detroit native and NBA analyst. The six-week initiative celebrates Detroit's influence on Rose's success and encourages community pride. The campaign, executed with the Detroit-based agency Boulevard, includes a 60-second video shared across Rose's social media platforms, such as Facebook, Twitter, and Instagram. Running through mid-March, it invites fans to share their own city pride stories using the hashtag #WhereImFrom.