Stellantis N.V Stock Price, News & Analysis

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.

Jeep has been named America's most patriotic brand for the 23rd consecutive year in the Brand Keys Most Patriotic Brands survey. The survey evaluated 1,381 brands and involved over 7,460 consumers. The recognition underscores Jeep's consistent embodiment of patriotism, adventure, and freedom. Jeep's long-standing partnership with the USO marks its 16th year of supporting U.S. military members. The brand's Military Incentive Program offers bonuses for select military personnel on certain vehicle models. Additionally, Jeep has introduced its all-electric 2025 Wagoneer S, now available for reservation. Jeep's portfolio includes a wide range of vehicles, emphasizing off-road capability and high-tech features, with plans for electrification across its lineup by 2025.

Fiat has unveiled the new Fiat 500e Inspired By Los Angeles model, available for orders this month and arriving at dealers in Q3 2024. Priced at $36,000 (plus $1,595 destination), this edition features the exclusive Marine Layer Mist exterior, integrating Italian and Angeleno designs. Highlights include a JBL seven-speaker audio system, beige eco-leather seats, and a Level 2 active driving assist system.

The 500e Inspired By Los Angeles offers a 149-mile range, powered by a 42-kWh battery, with Level 2 (11 kW) charging taking six hours. It also features an 85-kW fast charger, delivering up to 31 miles of range in five minutes. The vehicle has 117 horsepower, 162 lb.-ft. of torque, and accelerates from 0-60 mph in 8.5 seconds. Additionally, it includes three years of smartphone app connectivity and a Level 2 charging wall unit or charge credits via Free2move Charge.

The 2023-24 Jeep Wagoneer has earned the 2024 TOP SAFETY PICK rating from the Insurance Institute for Highway Safety (IIHS).

The vehicle achieved 'good' ratings in key physical crash tests like small overlap front, moderate overlap front, and side tests.

The Jeep Wagoneer's standard pedestrian front-crash prevention feature, Full-Speed Collision Warning with Active Braking, also received a 'good' rating in both daytime and nighttime scenarios.

The vehicle comes equipped with over 120 advanced safety and security features, including Blind-spot Monitoring and Rear Cross Path detection.

This recognition underscores the dedication of Jeep's engineering team in integrating state-of-the-art safety technologies.

Mopar has unveiled the -production Mopar '24 Jeep Gladiator, an exclusive version of the Jeep Gladiator Rubicon, as part of its annual factory-vehicle customization program.

Only 250 units will be produced for the U.S. market, each priced at $70,295 (excluding destination charges). The vehicles feature unique interior and exterior enhancements, including custom graphics, Katzkin leather seats, and a range of Jeep Performance Parts (JPP) for off-road enthusiasts.

Additional features include Mopar heavy-duty rock rails, a triple-hoop grille guard, and a 3.6-liter Pentastar V-6 engine producing 285 horsepower. Each buyer will receive a personalized owner kit and an 83-piece JPP tool kit.

Vehicles are now arriving at select Jeep dealerships.

MotorTrend Presents Roadkill Nights Powered by Dodge returns for its ninth year on Woodward Avenue in Metro Detroit. This summer, the event will feature the Direct Connection Grudge Race as the headline attraction, marking its fourth consecutive year. Six automotive builders will compete using high-output 3.0L Hurricane Twin Turbo engines. Attendees can expect drag racing, muscle car shows, and Dodge Thrill Rides among other activities. More information, including dates and ticket details, will be available on DodgeGarage.com and DCPerformance.com.

Stellantis announced the repurchase of 8,820,527 common shares from May 23 to May 30, 2024, as part of its Second Tranche of the 2024 Share Buyback Program. This tranche, announced on May 23, 2024, aims to buy back up to €1 billion in shares by August 30, 2024. The repurchased shares amounted to €181,395,764.94 at an average price of €20.5652 per share. As of May 30, 2024, Stellantis holds 181,395,865 common shares in treasury, representing 4.50% of its total issued share capital. Detailed transaction data is available on Stellantis’ website.