Stellantis N.V Stock Price, News & Analysis

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.

Stellantis Pro One solidifies its market leadership in the Middle East & Africa, Europe, and South America regions, achieving a record 26% market share in the Middle East & Africa. The commercial vehicles offensive drives one-third of Stellantis' net revenues. Pro One aims for global leadership by 2027, while maintaining No. 1 positions in EU30 and South America. With a strategic plan in place, Stellantis Pro One is on track to achieve its Dare Forward 2030 targets.

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.