Stellantis N.V Stock Price, News & Analysis

Stellantis will host an Investor Day webcast on June 13, 2024, at 8:00 a.m. EDT / 2:00 p.m. CEST. CEO Carlos Tavares, CFO Natalie Knight, and other top executives will discuss the company's strategic positioning and industry outlook. The event will be available live and as a replay on their corporate website and through a designated webcast link. Stellantis aims to become a carbon net-zero mobility tech company by 2038, as part of its Dare Forward 2030 strategic plan. Stellantis is recognized for its iconic brands such as Abarth, Alfa Romeo, Chrysler, and Jeep.

Stellantis has announced the launch of the second tranche of its 2024 Share Buyback Program, which started on May 23, 2024, and will conclude by August 30, 2024. This tranche involves a maximum of €1 billion, part of the overall €3 billion Program initiated on February 15, 2024. The buyback will be executed by an independent investment firm. The company plans to cancel most of the repurchased shares, but up to €0.5 billion will be reserved for employee stock plans and equity compensation to avoid shareholder dilution. The buyback will adhere to the rules and regulations, including the Market Abuse Regulation 596/2014.

The Jeep® brand has launched a teaser film titled 'Surpass Yourself' on its official YouTube channel, highlighting the all-new, all-electric Jeep Wagoneer S. This marks Jeep's first global Battery Electric Vehicle (BEV). The Wagoneer S will be unveiled on May 30, 2024, in New York City, with its initial market being the United States and Canada.

Stellantis CEO Carlos Tavares will participate in a fireside chat at the Bernstein 40th Annual Strategic Decisions Conference on May 29, 2024. The event will be broadcast live at 9:00 a.m. EDT / 3:00 p.m. CEST. Interested parties can watch the session via a webcast link available on the Stellantis corporate website. A recorded replay will be available afterward. Stellantis is known for its diverse brand portfolio and is executing its 'Dare Forward 2030' strategic plan aimed at achieving carbon net-zero status by 2038.

Stellantis celebrated major wins at the Texas Auto Writers Association's 2024 Auto Roundup.

The 2024 Alfa Romeo Giulia was awarded Performance Vehicle of Texas, praised for its 505-horsepower twin-turbo V-6 engine and striking design.

The 2024 Chrysler Pacifica Plug-in Hybrid won Minivan of Texas for the eighth consecutive year, recognized for its family-friendly features, luxurious interior, and hybrid efficiency of 82 MPGe.

These accolades highlight Stellantis' commitment to innovative and high-performance vehicles as part of their Dare Forward 2030 strategic plan.

Stellantis announced leadership changes effective June 1, 2024. Christine Feuell has been appointed as the CEO of the Ram brand in addition to her role as CEO of the Chrysler brand, succeeding Timothy Kuniskis, who is retiring after nearly 32 years. Feuell will continue to lead Chrysler’s electric transformation while taking on Ram. Matt McAlear is named CEO of the Dodge brand, replacing Kuniskis, and will join the Top Executive Team. McAlear previously led Dodge sales operations and has experience in the automotive, medical, and digital sectors. Stellantis aims to achieve carbon net zero by 2038 under its Dare Forward 2030 strategic plan.

Alfa Romeo announced the 2024 Giulia and Stelvio Quadrifoglio Super Sport, marking the final run of these twin-turbo V-6 models in the United States. Globally, the production is to 275 units for Giulia and 175 for Stelvio, with only 72 Giulia and 52 Stelvio units available in the U.S. The Giulia starts at $86,770, while the Stelvio starts at $94,370, excluding a $1,595 destination fee. These special editions highlight exclusive design features, including black Quadrifoglio badges, 3D red carbon-fiber trim, and bespoke interior details. Powered by a 2.9-liter twin-turbo V-6 engine, both models offer impressive performance metrics. Orders are open now, with deliveries expected in fall 2024.

Stellantis, in collaboration with Jeep, Mopar Career Automotive Program (CAP), and the American Indian Science and Engineering Society (AISES), is sponsoring scholarships for Native American students in the US and Canada. Each scholarship, worth up to $20,000, will cover tuition and necessary tools for two years at a participating college or trade school. Applications are open until June 1, 2024. This initiative aims to promote careers in the STEM fields and the automotive industry among Indigenous people. Mopar CAP, established in 1984, has trained over 9,000 students, completing more than 100,000 courses. The scholarships reflect Stellantis' commitment to diversity and inclusion in their workforce.

Leapmotor International, a joint venture between Stellantis (51%) and Leapmotor (49%), has commenced operations to expand its electric vehicle (EV) sales globally. Beginning September 2024, the company will start its European market entry in nine countries, followed by expansions in India, Asia Pacific, Middle East, Africa, and South America by Q4 2024.

The initial launch will feature the T03 and C10 models. The T03 is a competitive A-segment urban EV, boasting a 265 km WLTP range and B-segment interior space. The C10 is a D-segment family vehicle, offering a 420 km WLTP range and a 5-star E-NCAP rating.

In October 2023, Stellantis invested approximately €1.5 billion to acquire a 21% stake in Leapmotor, aiming to leverage Leapmotor's technology and Stellantis' global reach. Leapmotor International aims to establish 200 sales points in Europe by year-end 2024, ramping up to 500 by 2026.