Stellantis N.V Stock Price, News & Analysis

Dodge has officially opened orders for the all-new 2024 Dodge Charger Daytona, marking a new era of American muscle cars. The company is offering an exclusive First Call package for customers who place a sold order by October 31, 2024. This package includes:

1. A two-day performance driving experience at Radford Racing School
2. A welcome kit
3. Exclusive VIP concierge service

The 2024 Charger Daytona comes in two models: R/T and Scat Pack. The Scat Pack retains the title of the world's quickest and most powerful muscle car, with 670 horsepower and 0-60 mph in 3.3 seconds. Both models include factory-installed Direct Connection upgrades and qualify for the full $7,500 federal tax credit when leased.

Jeep® has launched a new marketing campaign called 'There's Only One', celebrating its iconic SUVs. The multi-faceted campaign includes 30 and 60-second videos across broadcast, social, and digital channels. It highlights Jeep's entire SUV portfolio, including the Wrangler, Grand Cherokee, Wagoneer, Gladiator, and Compass.

The campaign revives the 'There's Only One' tagline from 30 years ago and showcases Jeep's off-road capabilities and cultural significance. It will initially focus on the U.S. market with potential for global expansion. Multicultural versions targeting Black and Hispanic markets are planned for select markets in the coming weeks.

Raj Register, Chief Marketing Officer of North America, Stellantis, emphasized the campaign's aim to showcase Jeep's legacy while steering towards new multi-energy platforms. The campaign was created in partnership with Chicago-based Highdive.

Stellantis N.V. (STLA) has reported its weekly share repurchase activity for September 6-12, 2024, as part of its Third Tranche of the 2024 Share Buyback Program. The company repurchased 16,795,830 common shares at an average price of €13.8195 per share, totaling €232,109,834. This is part of a larger €1 billion buyback program announced on August 1, 2024, set to run until November 29, 2024. Since the program's inception, Stellantis has bought back 47,494,365 shares for a total of €679,003,146. As of September 5, 2024, the company held 128,994,539 shares in treasury, representing 3.32% of its total issued share capital.

Stellantis (NYSE: STLA) has announced investments totaling over $406 million in three Michigan facilities to support its multi-energy strategy. The Sterling Heights Assembly Plant (SHAP) will receive $235.5 million to produce the company's first battery-electric Ram 1500 REV and the range-extended Ram 1500 Ramcharger alongside internal combustion engine models. $97.6 million will go to the Warren Truck Assembly Plant for production of a future electrified Jeep Wagoneer. The Dundee Engine Plant will get $73 million for battery tray assembly and beam machining for STLA Frame and STLA Large architectures.

These investments align with Stellantis' Dare Forward 2030 strategic plan, aiming for 50% BEV sales mix in the US by 2030. The company is investing over €50 billion in electrification this decade and targeting carbon net zero status by 2038.

Dodge unveils the 2025 Dodge Durango SRT Hellcat Hammerhead, a new special-edition model of their powerful SUV. This -production vehicle features a 710-horsepower supercharged 6.2-liter HEMI Hellcat V-8 engine, accelerating from 0 to 60 mph in 3.5 seconds. The Hammerhead edition boasts a distinctive Hammerhead Grey leather interior and Night Moves exterior color.

Key features include Satin Carbon 20-inch wheels, a Satin Black painted hood, and premium tech like a 10.1-inch touchscreen with navigation. The model qualifies for a $10 per horsepower cash allowance under the Dodge Power Dollars program. Available for ordering now, the Durango SRT Hellcat Hammerhead starts at a U.S. MSRP of $113,720 (excluding destination charge).

Dodge is entering the 2024-2025 Nitrocross Series with four 1,000-plus-horsepower Dodge Hornet R/T FC1-X electric-powered race cars in the Group E class. The cars will be fielded by the Dreyer & Reinbold Racing (DRR) team, with drivers including 17-year-old Lia Block and two-time Group E champion Robin Larsson. The series begins on Sept. 7-8 at Richmond Raceway and includes 10 events across five locations. Nitrocross, introduced by Travis Pastrana in 2020, features tracks with pavement and dirt surfaces and is known for its spectacular jumps and wild drifts. The Dodge Hornet R/T FC1-X can accelerate from 0-60 in 1.4 seconds and produces nearly 2g of acceleration from a standing start.

Stellantis N.V. (STLA) has reported on its Third Tranche of the 2024 Share Buyback Program for the week of August 30 to September 5, 2024. The company repurchased 10,234,319 common shares at an average price of €14.6426 per share, totaling €149,856,750. Since the program's inception on August 1, 2024, Stellantis has bought back 30,698,535 shares for €446,893,312. As of September 5, 2024, the company held 112,798,709 treasury shares, representing 2.88% of its total issued share capital. The buyback program, announced on August 1, 2024, aims to repurchase up to €1 billion of shares in the open market by November 29, 2024.

Ram is entering the 2024 Rebelle Rally with automotive journalists Jill Ciminillo and Kristin Shaw driving a 2025 Ram 1500 RHO. The all-women off-road rally covers over 1,500 miles of California and Nevada desert from October 10-19, 2024. The Ram 1500 RHO features an all-new 3.0-liter Hurricane High Output Straight-Six Turbo engine, delivering 540 horsepower and 521 lb.-ft. of torque. It offers the best value with $129.60 per horsepower, outperforming other off-road trucks. The Rebelle Rally tests navigation skills and endurance without GPS or cell phones. This marks Team Brute Squad's third participation in the event, showcasing Ram's commitment to off-road performance and women in motorsports.

Stellantis' 3.0-liter Hurricane High Output Straight-Six Turbo (SST) engine, featured in the 2025 Ram 1500 Tungsten, has been named to the 2024 Wards 10 Best Engines & Propulsion Systems list. This marks the eighth consecutive year a Stellantis propulsion system has been honored. The engine delivers 540 horsepower and 521 lb.-ft. of torque, offering enhanced fuel economy and reduced emissions while outperforming naturally aspirated V-8 and boosted six-cylinder engines in the light-duty segment.

The Hurricane SST employs innovative technologies, including two low-inertia, high-flow turbochargers, plasma transfer wire arc coating, and high-pressure direct fuel injection. This recognition aligns with Stellantis' Dare Forward 2030 strategic plan, which aims to lead in clean, safe, and affordable mobility solutions while achieving carbon net zero status by 2038.