Stellantis N.V Stock Price, News & Analysis

The Jeep® Wrangler 392, known for its power and speed, returns for the 2025 model year due to high demand. The 2025 Wrangler 392 Final Edition boasts a 6.4-liter HEMI® V-8 engine with 470 horsepower and matching torque. It accelerates from 0-60 mph in 4.5 seconds and covers a quarter mile in 13 seconds. Key features include an 8,000-pound Warn winch, 11.6 inches of ground clearance, and exceptional off-road capabilities with a Selec-Trac two-speed transfer case and Dana 44 axles. Production starts in Q1 2025, and orders open later this year.

The model retains several features from the 2024 edition, such as exclusive decals, black Nappa leather seats, and bronze 17-inch beadlock-capable wheels with 35-inch BFGoodrich tires. However, the Mopar triple loop grille guard and 83-piece toolkit are exclusive to 2024. Jeep Wave, a loyalty program offering perks and maintenance, remains available to all Jeep owners. The brand aims to have an electrified variant for all its vehicles in North America by 2025.

Stellantis Financial Services US has partnered with bolt to launch an embedded insurance program, expanding purchasing choices for customers of Chrysler, Dodge, Jeep®, Ram, Fiat, and Alfa Romeo. This initiative, leveraging bolt's extensive insurance exchange technology, will enable customers to purchase tailored auto insurance directly through Stellantis brand websites and mobile apps. The collaboration aims to simplify and personalize the insurance buying process, offering custom coverage options and usage-based choices via telematics, data, and analytics. This multi-year partnership aligns with Stellantis' strategy to enhance customer experience through innovative insurance solutions.

Dodge brand has extended its partnership with Tony Stewart Racing (TSR) for the NHRA Mission Drag Racing Series. The collaboration began in 2022, resulting in 15 national event wins and a 2023 Funny Car Championship by Matt Hagan. In 2024, Tony Stewart will replace Leah Pruett as the driver of the Top Fuel car, while Pruett takes a break to start a family. The extension highlights Dodge's commitment to high-performance racing and maintaining a strong presence in NHRA events. Dodge CEO Matt McAlear expressed enthusiasm for continuing the winning streak with TSR, emphasizing the brand's historic legacy and its role as a leader in NHRA competition. Hagan, competing for Dodge for 16 seasons, continues to be a key figure in the partnership, boasting four Funny Car World Championships and 51 NHRA national event victories. Stewart, known for his achievements in NASCAR and other racing disciplines, seeks his first Top Fuel win in his rookie season. The extended partnership aims to bolster Dodge's racing legacy and enhance customer engagement through the Direct Connection performance parts line.

Stellantis has released its weekly report for the second tranche of its 2024 Share Buyback Program. Between June 7 and June 13, 2024, the company repurchased 6,630,139 common shares at an average price of €19.9258 per share, totaling €132,110,936. Since the program's start on May 23, 2024, Stellantis has bought back 20,595,051 shares for €417,470,064. As of June 13, 2024, Stellantis holds 193,159,894 shares in treasury, equating to 4.79% of the total issued share capital. The program, which runs until August 30, 2024, aims to repurchase up to €1 billion in shares. Detailed transaction data is available on Stellantis' website.

The Jeep brand has launched its first global all-electric vehicle, the 2024 Jeep Wagoneer S Launch Edition, in the U.S. The vehicle's image is wrapped on the west side of Stellantis North America headquarters in Michigan, covering 10 floors and measuring over 15,293 square feet. This launch edition boasts a range of over 300 miles on a single charge, 600 horsepower, 617 lb.-ft of torque, and a 0-60 mph acceleration in 3.4 seconds. The Jeep Wagoneer S will be available this fall in the U.S. and Canada, with global availability to follow. Reservations can be made on Jeep.com for $100, which is fully refundable.

Stellantis has revealed several new software-driven products targeting both B2C and B2B customers, which has significantly boosted its software and connected services revenue by 2.5 times since 2021. The company's monetizable connected car parc has grown to 13.8 million vehicles, and subscription-based product users have reached 5 million in 2023.

Stellantis has delivered over 94 million over-the-air (OTA) updates in 2023, enhancing vehicle features. The company is integrating next-gen technology platforms like STLA Brain, STLA SmartCockpit, and STLA AutoDrive by the end of 2024. Stellantis aims to generate €20 billion in incremental annual revenues by the end of the decade with these advancements.

New features include e-ROUTES for EVs, Free2move Connect Fleet for fleet management, and ChatGPT as a virtual assistant. The AppMarket in North America and a similar service in Europe will soon cover 99% of eligible vehicles.

Stellantis, a global automaker, highlighted its strategic advantages at its 2024 Investor Day, emphasizing flexibility in multi-energy technology and manufacturing. CEO Carlos Tavares outlined nine strategic differentiators, including a robust brand portfolio, commercial vehicle profitability, and global market presence. Despite 2024 headwinds, Stellantis maintains its financial guidance with double-digit margins and a €7.7 billion capital return plan. Key initiatives include a partnership with Leapmotor in China, optimizing inventory, and targeting a 25-30% dividend payout in 2025. CFO Natalie Knight confirmed strong H2 performance expectations driven by product launches and cost initiatives.

Stellantis has reaffirmed its 2024 financial guidance and updated its capital framework to enhance returns. The company expects double-digit Adjusted Operating Income (AOI) margins and positive industrial free cash flows. CFO Natalie Knight highlighted a H1 AOI margin of 10-11%, with an expected improvement in H2 due to product launches, cost initiatives, and better working capital. Stellantis plans to distribute ≥€7.7 billion through dividends and buybacks in 2024 and target upper dividend payout ranges in 2025. Additionally, the firm aims for liquidity levels of 25-30% of revenues to ensure capital efficiency and shareholder returns.

Stellantis N.V. announced the second tranche of its 2024 Share Buyback Program, targeting up to €1 billion from May 23, 2024, to August 30, 2024. Between May 31 and June 6, 2024, Stellantis repurchased 5,144,385 common shares at an average price of €20.2091 per share, totaling €103,963,363. From May 23 to June 6, 2024, the company bought 13,964,912 shares for €285,359,128. As of June 6, Stellantis holds 186,529,755 treasury shares, representing 4.63% of its total issued share capital.