Stellantis N.V Stock Price, News & Analysis

In a recent press release, it was announced that over 10,000 Jeep 4x4s participated in the 16-mile-long Jeep Beach Parade in Daytona Beach. The event saw a total of 40,000-plus Jeep vehicles attending the 10-day event, with an increase in attendance compared to the previous year. The parade stretched for 10 miles and included unique Jeep models like the 2024 Jeep Willys Dispatcher Concept and the 2024 Jeep Gladiator Rubicon High Top Concept. Jeep Beach has donated over $4 million to local charities through its fundraising efforts over the years.

Tuscadero, an intense magenta color previously available on Jeep Wrangler, is now offered on Jeep Gladiator in response to customer demand. The color debuted on Wrangler in 2021 and quickly became popular. Jeep Gladiator now comes in eight exterior colors, including Tuscadero, and offers various open-air freedom options. The 2024 model year brings new safety features, technology upgrades, and a lower starting price compared to the previous model. Gladiator boasts a 3.6-liter Pentastar V-6 engine, exceptional towing capacity, and best-in-class payload. The vehicle received top marks for quality in the J.D. Power 2023 U.S. Initial Quality Study.

Dodge has reopened the Horsepower Locator tool to help customers find the 2024 Dodge Durango SRT 392 AlcHEMI 'Last Call' model, marking the final year of V-8 HEMI engine production. The tool refines searches by color and zip code, with the Durango available at a starting MSRP of $89,795, to 1,000 units in four colors. Dodge is rebooting the Horsepower Locator to assist in locating dealers with the Last Call model and making placing orders easier.

Spike Lee and Giancarlo Esposito collaborate in a new advertising campaign for the all-new, all-electric 2024 Fiat 500e, the first battery-electric vehicle in North America from Stellantis. The 'Italy in America' campaign features the duo exploring the Italian lifestyle and heritage, emphasizing sustainability and style of the Fiat 500e. The campaign showcases multiple creative elements and digital spots across social media channels, aiming to promote the iconic brand and its electric offering.

Stellantis N.V. completed the First Tranche of its 2024 Share Buyback Program, purchasing a total of 41,094,781 common shares for €999,999,995. The company repurchased shares at various prices between April 26-29, 2024, totaling €97,909,026.26. As of April 29, 2024, Stellantis held 183,185,078 common shares, representing 4.54% of the total issued share capital.

Stellantis reported Q1 2024 net revenues of €41.7 billion, down 12% from Q1 2023 due to various factors but offset by firm net pricing. Consolidated shipments were 1,335 thousand units, down 10%, with a focus on new product wave preparation. Global BEV and LEV sales increased, with an ordinary dividend increase of 16%. The company confirmed its FY 2024 guidance and highlighted key achievements, partnerships, and strategic investments. Stellantis remains committed to its Dare Forward 2030 plan and upcoming events include an Investor Day in June.