Stellantis N.V Stock Price, News & Analysis

Dodge is celebrating the 50th anniversary of its Direct Connection performance parts brand with new products available from August 12, 2024. The lineup includes:

• HurriCrate series of crate engines, offering up to 550 horsepower and 531 lb.-ft. of torque
• Dodge Charger Junior Roadster body for young racers

To mark the occasion, Dodge is offering a customer appreciation incentive of up to $300 off select crate engines through November 8, 2024. Racing legends Tony Stewart and Matt Hagan will showcase special Direct Connection 50th anniversary graphics on their NHRA vehicles. The Direct Connection portfolio includes Modern Performance, Crate Engine, Race, and Vintage Muscle products, available online and through Dodge Power Brokers dealers.

The all-new Dodge Charger Daytona will debut at MotorTrend Presents Roadkill Nights Powered by Dodge on August 10, 2024, at M1 Concourse in Pontiac, Michigan. The event will feature the world's quickest and most powerful muscle car, including the 670-horsepower Dodge Charger Daytona Scat Pack and the 496-horsepower Dodge Charger Daytona R/T.

A press conference on August 9 will unveil the Fratzonic Chambered Exhaust system. Highlights include the Direct Connection Grudge Race and the Sick Powerfest pre-party on August 9. Celebrities like David Freiburger, Mike Finnegan, and Bill Goldberg will attend.

Tickets start at $25. Discounted rates are available for Pontiac residents, children under 12, and Stellantis employees. Veterans also receive discounts. Full event details are at motortrend.com/roadkillnights.

The all-new Dodge Charger Daytona will make its worldwide public debut at MotorTrend's Roadkill Nights powered by Dodge on August 10, 2024, at the M1 Concourse in Pontiac, Michigan. For the first time, drag racing will occur inside the M1 Concourse, offering open, walkable pit areas and enhanced viewing for spectators.

New Attractions:

• Dodge Hornet Rally Rides: Fans can experience hot laps on a dirt-and-pavement course.
• Fratzonic Chambered Exhaust: Dodge will reveal the final performance profile of this system.

The event will also feature the Direct Connection Grudge Race, celebrity appearances, and autograph sessions with NHRA stars. Tickets start at $25, with various packages available. The pre-event Sick Powerfest on August 9 includes the World Burnout Championship and drag race thrill rides. Full details and ticket information are available at motortrend.com/roadkillnights.

Dodge has unveiled pricing for the all-new 2024 Dodge Charger Daytona, the world's quickest and most powerful muscle car. The Charger Daytona R/T starts at $59,595, while the Charger Daytona Scat Pack begins at $73,190. Both models qualify for a $7,500 federal tax credit when leased.

Key features include:

• R/T: 496 horsepower, 404 lb.-ft. torque
• Scat Pack: 670 horsepower, 627 lb.-ft. torque, 0-60 mph in 3.3 seconds
• All-electric 400-volt dual motor system with all-wheel drive
• Fratzonic Chambered Exhaust
• PowerShot feature for 40 extra horsepower

Production of two-door models begins summer 2024, with four-door versions following in 2025. Gas-powered SIXPACK models are scheduled for late 2025 production.

Jeep®, Chrysler, and Fiat brand vehicles have been recognized as Top Picks in the 2024 Newsweek Autos Awards. The 2024 Jeep Wrangler received two designations: Top Pick for Enthusiasts and Top Pick for Outdoor Adventurers. The 2024 Chrysler Pacifica, the most awarded minivan over the last seven years, was named a Top Pick for Empty Nesters. The 2024 Fiat 500e was chosen as a Top Pick for Urbanites.

The Jeep Wrangler offers legendary off-road capability, open-air freedom, and advanced powertrains. The Chrysler Pacifica provides versatility, safety features, and excellent fuel economy. The Fiat 500e, an all-electric vehicle, delivers nearly 150 miles of range and fast-charging capability. These awards highlight Stellantis' (NYSE: STLA) commitment to providing innovative and diverse vehicle options for different consumer groups.

Dodge//SRT has expanded its popular Dodge Power Dollars national sales promotion, now including Durango SRT 392 and SRT Hellcat models, as well as the 2024 Dodge Hornet for the first time. The program offers customers a $10 per horsepower cash allowance towards the purchase of select 2023 and 2024 Dodge models. This expansion comes as Dodge brand total sales in the U.S. increased 16% from Q1 to Q2 2024.

The promotion applies to 2023 Charger and Challenger models (SXT, GT, R/T), all 2024 Durango trims, and the 2024 Hornet. Cash allowances range from $2,680 for the Hornet GT to $7,100 for the Durango SRT Hellcat. Dodge aims to make performance more attainable and build on its sales momentum with this industry-exclusive program.

Stellantis N.V. (NYSE: STLA) has announced the launch of the third tranche of its 2024 Share Buyback Program, covering up to €1 billion of the total €3 billion program. This tranche will run from August 1, 2024, to November 29, 2024. The company plans to cancel most of the acquired shares, except for up to €0.5 billion worth, which will be used for employee stock purchase plans and equity-based compensation. This move aims to strengthen the ownership culture within Stellantis without diluting existing shareholders. The buyback will be executed under shareholder authorization, with a maximum of 10% of the company's capital and a purchase price cap of 110% of the market price.

Dodge is hosting the 9th annual MotorTrend Presents Roadkill Nights Powered by Dodge event on August 10 at M1 Concourse in Pontiac, Michigan. The event features legally sanctioned drag racing on Woodward Avenue. A media preview on August 9 will offer interview opportunities with Dodge executives and Direct Connection Grudge Race competitors. The preview will include news about the all-new Dodge Charger Daytona and reveals of Direct Connection Grudge Race vehicles.

The main event on August 10 will showcase street-legal drag racing, Dodge vehicle displays, classic and modern muscle car cruises, Dodge Thrill Rides, and appearances by Roadkill personalities. The event will also feature the Direct Connection Grudge Race, where builders compete using Direct Connection HurriCrate engines.

Leapmotor International, a 51/49 Stellantis-led joint venture, has shipped its first batch of electric vehicles from China to Europe. The shipment includes C10 SUVs and T03 cars, marking a significant milestone in the partnership. Sales will begin in nine European countries in September 2024, with plans to establish 200 sales points by the end of 2024, expanding to 500 by 2026.

Leapmotor, the fourth largest Chinese NEV startup, has sold over 400,000 EVs in China as of July 2024. The joint venture aims to leverage Stellantis' distribution channels and Leapmotor's innovative technology to provide affordable and sustainable mobility solutions to European customers. The partnership plans to launch at least one new model annually for the next three years and expand to other global markets by late 2024.